SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: Apr 24, 2026

Total Value: $521M (100.0% shares, 0.0% debt)

Holdings (11)

VEON VEON LTD 43.4%

Value $226M Shares 4,890,497 Share Price $46.30 Est. Cost/Share — Unrealized @ Report Date —

NVAX NOVAVAX INC 23.2%

Value $121M Shares 14,845,097 Share Price $8.14 Est. Cost/Share — Unrealized @ Report Date —

CYD CHINA YUCHAI INTL LTD 12.0%

Value $62.31M Shares 1,618,441 Share Price $38.50 Est. Cost/Share — Unrealized @ Report Date —

TROX TRONOX HOLDINGS PLC 5.6%

Value $29.25M Shares 2,994,154 Share Price $9.77 Est. Cost/Share — Unrealized @ Report Date —

VGSH VANGUARD SCOTTSDALE FDS 3.9%

Value $20.08M Shares 342,990 Share Price $58.54 Est. Cost/Share — Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 3.3%

Value $17.21M Shares 303,953 Share Price $56.63 Est. Cost/Share — Unrealized @ Report Date —

AM ANTERO MIDSTREAM CORP 2.6%

Value $13.36M Shares 586,000 Share Price $22.80 Est. Cost/Share — Unrealized @ Report Date —

CSIQ CANADIAN SOLAR INC 2.6%

Value $13.36M Shares 964,557 Share Price $13.85 Est. Cost/Share — Unrealized @ Report Date —

WOLF WOLFSPEED INC 1.6%

Value $8.306M Shares 508,948 Share Price $16.32 Est. Cost/Share — Unrealized @ Report Date —

DOLE DOLE PLC 1.3%

Value $6.552M Shares 458,522 Share Price $14.29 Est. Cost/Share — Unrealized @ Report Date —

TDAY USA TODAY CO INC 0.7%

Value $3.525M Shares 500,000 Share Price $7.05 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEON	VEON LTD	4,890,497	$226M	43.4%	$46.30	—	—	SPONSORED ADS	91822M502
NVAX	NOVAVAX INC	14,845,097	$121M	23.2%	$8.14	—	—	COM NEW	670002401
CYD	CHINA YUCHAI INTL LTD	1,618,441	$62.31M	12.0%	$38.50	—	—	COM	G21082105
TROX	TRONOX HOLDINGS PLC	2,994,154	$29.25M	5.6%	$9.77	—	—	SHS	G9087Q102
VGSH	VANGUARD SCOTTSDALE FDS	342,990	$20.08M	3.9%	$58.54	—	—	SHORT TERM TREAS	92206C102
EDU	NEW ORIENTAL ED & TECHNOLOGY	303,953	$17.21M	3.3%	$56.63	—	—	SPON ADR	647581206
AM	ANTERO MIDSTREAM CORP	586,000	$13.36M	2.6%	$22.80	—	—	COM	03676B102
CSIQ	CANADIAN SOLAR INC	964,557	$13.36M	2.6%	$13.85	—	—	COM	136635109
WOLF	WOLFSPEED INC	508,948	$8.306M	1.6%	$16.32	—	—	COMMON STOCK	97785W106
DOLE	DOLE PLC	458,522	$6.552M	1.3%	$14.29	—	—	ORD SHS	G27907107
TDAY	USA TODAY CO INC	500,000	$3.525M	0.7%	$7.05	—	—	COM	36472T109