Latest SHAH CAPITAL MANAGEMENT Stock Portfolio
$605Million | No. of Holdings #11
SHAH CAPITAL MANAGEMENT Performance
2026 Q3+16.23%
YTD+29.05%
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 2026-10-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, SHAH CAPITAL MANAGEMENT reported an equity portfolio of $605.3 Millions as of 30 Sep, 2026. <br><br> The top stock holdings of SHAH CAPITAL MANAGEMENT are VEON, NVAX, CYD. The fund has invested 56.8% of it's portfolio in VEON LTD and 21.7% of portfolio in NOVAVAX INC. <br><br> They significantly reduced their stock positions in NOVAVAX INC (NVAX), ANTERO MIDSTREAM CORP (AM) and DOLE PLC (DOLE). SHAH CAPITAL MANAGEMENT opened new stock positions in ELICIO THERAPEUTICS INC. The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD SCOTTSDALE FDS (BNDW) and TRONOX HOLDINGS PLC (TROX).
SHAH CAPITAL MANAGEMENT Equity Portfolio Value
Last Reported on: 09 Oct, 2026
$605Million
as of Oct 09, 2026SHAH CAPITAL MANAGEMENT Annual Return Estimates Vs S&P 500
Our best estimate is that SHAH CAPITAL MANAGEMENT made a return of 16.23% in the last quarter. In trailing 12 months, it's portfolio return was 22.6%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| elicio therapeutics inc | 2,275,000 |
| real remax group inc | 350,039 |
New stocks bought by SHAH CAPITAL MANAGEMENT
Additions
| Ticker | % Inc. |
|---|---|
| vanguard scottsdale fds | 46.87 |
| tronox holdings plc | 13.42 |
Additions to existing portfolio by SHAH CAPITAL MANAGEMENT
Reductions
| Ticker | % Reduced |
|---|---|
| novavax inc | -14.06 |
| antero midstream corp | -6.31 |
| dole plc | -3.07 |
| china yuchai intl ltd | -1.57 |
| canadian solar inc | -1.53 |
| new oriental ed & technology | -1.14 |
| veon ltd | -0.39 |
SHAH CAPITAL MANAGEMENT reduced stake in above stock
Sold off
None of the stocks were completely sold off by SHAH CAPITAL MANAGEMENT
Sector Distribution
SHAH CAPITAL MANAGEMENT has about 74.6% of it's holdings in Others sector.
- Others
- Healthcare
- Basic Materials
- Energy
| Sector | % |
|---|---|
| Others | 74.6 |
| Healthcare | 21.7 |
| Basic Materials | 1.9 |
| Energy | 1.7 |
Market Cap. Distribution
SHAH CAPITAL MANAGEMENT has about 1.7% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
- SMALL-CAP
- LARGE-CAP
| Category | % |
|---|---|
| UNALLOCATED | 74.6 |
| SMALL-CAP | 23.6 |
| LARGE-CAP | 1.7 |
Stocks belong to which Index?
About 24.5% of the stocks held by SHAH CAPITAL MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.
- Others
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 75.5 |
| RUSSELL 2000 | 24.5 |
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. CYD proved to be the most loss making stock for the portfolio. VEON was the most profitable stock for SHAH CAPITAL MANAGEMENT last quarter.
$605.34MTotal Value
11.00Positions
09 Oct, 2026Last Reported
| Expand | Holdingsorted ascending | % Portfolio | Shares Held | $ Value | % Change |
|---|---|---|---|---|---|
 Antero Midstream Corp SHAH CAPITAL MANAGEMENT's holding in Antero Midstream Corp over time | 1.74% | 521,713 | $10.52M 1.74% | 6.31%decreased 6.31 percentreduced | |
 BNDW Vanguard Scottsdale FdsVanguard Scottsdale FdsBNDW | 5.34% | 561,531 | $32.32M 5.34% | 46.87%increased 46.87 percentadded | |
 CSIQ Canadian Solar IncCanadian Solar IncCSIQ | 1.73% | 909,571 | $10.48M 1.73% | 1.53%decreased 1.53 percentreduced | |
 CYD China Yuchai Intl LtdChina Yuchai Intl LtdCYD | 6.77% | 1,320,060 | $40.96M 6.77% | 1.57%decreased 1.57 percentreduced | |
 DOLE Dole PlcDole PlcDOLE | 0.9% | 427,284 | $5.43M 0.9% | 3.07%decreased 3.07 percentreduced | |
 EDU New Oriental Ed & TechnologyNew Oriental Ed & TechnologyEDU | 2.67% | 291,504 | $16.18M 2.67% | 1.14%decreased 1.14 percentreduced | |
 Novavax Inc Novavax IncNVAX SHAH CAPITAL MANAGEMENT's holding in Novavax Inc over time | 21.74% | 12,173,500 | $131.59M 21.74% | 14.06%decreased 14.06 percentreduced | |
 Tronox Holdings Plc SHAH CAPITAL MANAGEMENT's holding in Tronox Holdings Plc over time | 1.9% | 2,915,810 | $11.52M 1.9% | 13.42%increased 13.42 percentadded | |
 VEON Veon LtdVeon LtdVEON | 56.78% | 4,649,170 | $343.71M 56.78% | 0.39%decreased 0.39 percentreduced | |
Com Elicio Therapeutics IncElicio Therapeutics Inc | 0.38% | 1,250,000 | $2.27M 0.38% | Newnew position | |
Com New Real Remax Group IncReal Remax Group Inc | 0.06% | 21,396 | $350.0K 0.06% | Newnew position | |