Latest SHAH CAPITAL MANAGEMENT Stock Portfolio
$521Million | No. of Holdings #11
SHAH CAPITAL MANAGEMENT Performance
2026 Q1+1.37%
YTD+1.37%
2025+31.06%
About SHAH CAPITAL MANAGEMENT and 13F Hedge Fund Stock Holdings
SHAH CAPITAL MANAGEMENT is a hedge fund based in Raleigh, NC. On 2026-04-24, the fund reported it's updated stock portfolio. In the 13F Holdings report, SHAH CAPITAL MANAGEMENT reported an equity portfolio of $521.2 Millions as of 31 Mar, 2026. <br><br> The top stock holdings of SHAH CAPITAL MANAGEMENT are VEON, NVAX, CYD. The fund has invested 43.4% of it's portfolio in VEON LTD and 23.2% of portfolio in NOVAVAX INC. <br><br> The fund managers got completely rid off BAIDU INC (BIDU) stocks. They significantly reduced their stock positions in USA TODAY CO INC (GCI), VANGUARD SCOTTSDALE FDS (BNDW) and CHINA YUCHAI INTL LTD (CYD). The fund showed a lot of confidence in some stocks as they added substantially to WOLFSPEED INC and NOVAVAX INC (NVAX).
SHAH CAPITAL MANAGEMENT Equity Portfolio Value
Last Reported on: 24 Apr, 2026
$521Million
as of Apr 24, 2026SHAH CAPITAL MANAGEMENT Annual Return Estimates Vs S&P 500
Our best estimate is that SHAH CAPITAL MANAGEMENT made a return of 1.37% in the last quarter. In trailing 12 months, it's portfolio return was 30.69%.
- Performance
- S&P 500
New Buys
No new stocks were added by SHAH CAPITAL MANAGEMENT
Additions
| Ticker | % Inc. |
|---|---|
| wolfspeed inc | 1,419 |
| novavax inc | 1.97 |
Additions to existing portfolio by SHAH CAPITAL MANAGEMENT
Reductions
| Ticker | % Reduced |
|---|---|
| usa today co inc | -72.22 |
| vanguard scottsdale fds | -3.7 |
| china yuchai intl ltd | -1.7 |
| dole plc | -0.65 |
| canadian solar inc | -0.56 |
| new oriental ed & technology | -0.26 |
| tronox holdings plc | -0.19 |
| veon ltd | -0.1 |
SHAH CAPITAL MANAGEMENT reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| baidu inc | -4,433,950 |
SHAH CAPITAL MANAGEMENT got rid off the above stocks
Sector Distribution
SHAH CAPITAL MANAGEMENT has about 68% of it's holdings in Others sector.
- Others
- Healthcare
- Basic Materials
- Energy
| Sector | % |
|---|---|
| Others | 68 |
| Healthcare | 23.2 |
| Basic Materials | 5.6 |
| Energy | 2.6 |
Market Cap. Distribution
SHAH CAPITAL MANAGEMENT has about 2.6% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
- SMALL-CAP
- LARGE-CAP
| Category | % |
|---|---|
| UNALLOCATED | 68 |
| SMALL-CAP | 29.5 |
| LARGE-CAP | 2.6 |
Stocks belong to which Index?
About 30.7% of the stocks held by SHAH CAPITAL MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.
- Others
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 69.3 |
| RUSSELL 2000 | 30.7 |
| Top 5 Losers (%) | % | |
|---|---|---|
| CSIQ | canadian solar inc | -41.6 % |
| VEON | veon ltd | -11.9 % |
| DOLE | dole plc | -4.7 % |
wolfspeed inc | -3.4 % | |
| BNDW | vanguard scottsdale fds | -0.3 % |
| Top 5 Losers ($) | $ | |
|---|---|---|
| VEON | veon ltd | -30.7 M |
| CSIQ | canadian solar inc | -9.6 M |
| DOLE | dole plc | -0.3 M |
wolfspeed inc | -0.3 M | |
| BNDW | vanguard scottsdale fds | -0.1 M |
SHAH CAPITAL MANAGEMENT Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of SHAH CAPITAL MANAGEMENT
SHAH CAPITAL MANAGEMENT has 11 stocks in it's portfolio. VEON proved to be the most loss making stock for the portfolio. NVAX was the most profitable stock for SHAH CAPITAL MANAGEMENT last quarter.
$521.23MTotal Value
12.00Positions
24 Apr, 2026Last Reported
| Expand | Holdingsorted ascending | % Portfolio | Shares Held | $ Value | % Change |
|---|---|---|---|---|---|
 Antero Midstream Corp SHAH CAPITAL MANAGEMENT's holding in Antero Midstream Corp over time | 2.56% | 586,000 | $13.36M 2.56% | 0%unchanged 0 percentunchanged | |
 BIDU Baidu IncBaidu IncBIDU | 0% | 0.00 | $0.00 0% | 100%decreased 100 percentsold off | |
 BNDW Vanguard Scottsdale FdsVanguard Scottsdale FdsBNDW | 3.85% | 342,990 | $20.08M 3.85% | 3.7%decreased 3.7 percentreduced | |
 CSIQ Canadian Solar IncCanadian Solar IncCSIQ | 2.56% | 964,557 | $13.36M 2.56% | 0.56%decreased 0.56 percentreduced | |
 CYD China Yuchai Intl LtdChina Yuchai Intl LtdCYD | 11.95% | 1,618,440 | $62.31M 11.95% | 1.7%decreased 1.7 percentreduced | |
 DOLE Dole PlcDole PlcDOLE | 1.26% | 458,522 | $6.55M 1.26% | 0.65%decreased 0.65 percentreduced | |
 EDU New Oriental Ed & TechnologyNew Oriental Ed & TechnologyEDU | 3.3% | 303,953 | $17.21M 3.3% | 0.26%decreased 0.26 percentreduced | |
 Usa Today Co Inc SHAH CAPITAL MANAGEMENT's holding in Usa Today Co Inc over time | 0.68% | 500,000 | $3.52M 0.68% | 72.22%decreased 72.22 percentreduced | |
 Novavax Inc Novavax IncNVAX SHAH CAPITAL MANAGEMENT's holding in Novavax Inc over time | 23.18% | 14,845,100 | $120.84M 23.18% | 1.97%increased 1.97 percentadded | |
 Tronox Holdings Plc SHAH CAPITAL MANAGEMENT's holding in Tronox Holdings Plc over time | 5.61% | 2,994,150 | $29.25M 5.61% | 0.19%decreased 0.19 percentreduced | |
 VEON Veon LtdVeon LtdVEON | 43.44% | 4,890,500 | $226.43M 43.44% | 0.1%decreased 0.1 percentreduced | |
Common Stock Wolfspeed IncWolfspeed Inc | 1.59% | 508,948 | $8.31M 1.59% | 1419.52%increased 1419.52 percentadded | |