StockDriftsStockDriftsTop 10 Shah Capital Management Holdings
| Stock | Company | % Port. | Shares | Value | Activity | Ownership | Avg. Cost | Date |
|---|---|---|---|---|---|---|---|---|
| VEON | VEON LTD | 56.78% | 4.65M | $343.7M | -0.39%(-18.41K) | $20.09(+309.03%) | 2026-09-30 | |
| NVAX | NOVAVAX INC | 21.74% | 12.17M | $131.6M | -14.06%(-1.99M) | $8.28(+30.71%) | 2026-09-30 | |
| CYD | CHINA YUCHAI INTL LTD | 6.77% | 1.32M | $41.0M | -1.57%(-21.00K) | $14.64(+76.86%) | 2026-09-30 | |
| VGSH | VANGUARD SCOTTSDALE FDS | 5.34% | 561.5K | $32.3M | +46.87%(+179.21K) | $58.39(-1.29%) | 2026-09-30 | |
| EDU | NEW ORIENTAL ED & TECHNOLOGY | 2.67% | 291.5K | $16.2M | -1.14%(-3.36K) | $16.97(+256.47%) | 2026-09-30 | |
| TROX | TRONOX HOLDINGS PLC | 1.9% | 2.92M | $11.5M | +13.42%(+344.99K) | $4.27(-21.07%) | 2026-09-30 | |
| AM | ANTERO MIDSTREAM CORP | 1.74% | 521.7K | $10.5M | -6.31%(-35.12K) | $5.10(+301.81%) | 2026-09-30 | |
| CSIQ | CANADIAN SOLAR INC | 1.73% | 909.6K | $10.5M | -1.53%(-14.14K) | $13.78(-30.54%) | 2026-09-30 | |
| DOLE | DOLE PLC | 0.9% | 427.3K | $5.4M | -3.07%(-13.54K) | $10.49(+25.20%) | 2026-09-30 | |
| ELTX | ELICIO THERAPEUTICS INC | 0.38% | 1.25M | $2.3M | new | $2.87(-45.90%) | 2026-09-30 |
| Performance Metric | 3-Year Annualized | 3-Year Cumulative | 5-Year Annualized | 5-Year Cumulative |
|---|---|---|---|---|
| Top 20 Holdings Weighted | +33.59% | +138.41% | +27.75% | +240.25% |
| Top 20 Holdings Unweighted | +18.21% | +65.18% | +18.95% | +138.10% |
Shah Capital Management reports $605.34M in US-listed equity holdings across 11 positions in its most recent 13F filing. Its largest disclosed positions are VEON (56.8%), NVAX (21.7%) and CYD (6.8%). The top 20 holdings account for 99.95% of reported assets. Its disclosed equity book has returned +138.41% on a three-year cumulative basis. Figures reflect the Q3 2026 filing.
Portfolio changes
Every reported change this quarter, grouped by direction. The signal is in the rotation, not any single trade.
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Holdings on this page are parsed from Shah Capital Management’s Form 13F filings with the U.S. Securities and Exchange Commission (CIK 1383838). View Shah Capital Management’s 13F filings on SEC