SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $526M (100.0% shares, 0.0% debt)

Holdings (9)

Increased Positions (1)

VGSH VANGUARD SCOTTSDALE FDS 4.2%

Value $22.25M (+10.8%) Shares 382,324 (+11.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VGSH	VANGUARD SCOTTSDALE FDS	382,324 (+11.5%)	$22.25M (+10.8%)	4.2%	—	—	SHORT TERM TREAS	92206C102

Exited Positions (2)

WOLF WOLFSPEED INC 1.6%

Value $8.306M Shares 508,948 Est. Cost — Unrealized —

TDAY USA TODAY CO INC 0.7%

Value $3.525M Shares 500,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WOLF	WOLFSPEED INC	508,948	$8.306M	1.6%	—	—	—	97785W106
TDAY	USA TODAY CO INC	500,000	$3.525M	0.7%	—	—	—	36472T109

Decreased Positions (8)

VEON VEON LTD 46.3%

Value $244M (+7.6%) Shares 4,667,578 (-4.6%) Est. Cost — Unrealized —

TROX TRONOX HOLDINGS PLC 3.1%

Value $16.2M (-44.6%) Shares 2,570,814 (-14.1%) Est. Cost — Unrealized —

NVAX NOVAVAX INC 25.4%

Value $133M (+10.4%) Shares 14,165,577 (-4.6%) Est. Cost — Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 2.6%

Value $13.54M (-21.4%) Shares 294,866 (-3.0%) Est. Cost — Unrealized —

CSIQ CANADIAN SOLAR INC 2.8%

Value $14.8M (+10.8%) Shares 923,716 (-4.2%) Est. Cost — Unrealized —

CYD CHINA YUCHAI INTL LTD 12.1%

Value $63.58M (+2.0%) Shares 1,341,057 (-17.1%) Est. Cost — Unrealized —

AM ANTERO MIDSTREAM CORP 2.4%

Value $12.67M (-5.2%) Shares 556,830 (-5.0%) Est. Cost — Unrealized —

DOLE DOLE PLC 1.1%

Value $6.048M (-7.7%) Shares 440,826 (-3.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VEON	VEON LTD	4,667,578 (-4.6%)	$244M (+7.6%)	46.3%	—	—	SPONSORED ADS	91822M502
TROX	TRONOX HOLDINGS PLC	2,570,814 (-14.1%)	$16.2M (-44.6%)	3.1%	—	—	SHS	G9087Q102
NVAX	NOVAVAX INC	14,165,577 (-4.6%)	$133M (+10.4%)	25.4%	—	—	COM NEW	670002401
EDU	NEW ORIENTAL ED & TECHNOLOGY	294,866 (-3.0%)	$13.54M (-21.4%)	2.6%	—	—	SPON ADR	647581206
CSIQ	CANADIAN SOLAR INC	923,716 (-4.2%)	$14.8M (+10.8%)	2.8%	—	—	COM	136635109
CYD	CHINA YUCHAI INTL LTD	1,341,057 (-17.1%)	$63.58M (+2.0%)	12.1%	—	—	COM	G21082105
AM	ANTERO MIDSTREAM CORP	556,830 (-5.0%)	$12.67M (-5.2%)	2.4%	—	—	COM	03676B102
DOLE	DOLE PLC	440,826 (-3.9%)	$6.048M (-7.7%)	1.1%	—	—	ORD SHS	G27907107