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SHAH CAPITAL MANAGEMENT

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13F filer, CIK 1383838, RALEIGH, NC

SHAH CAPITAL MANAGEMENT reported $521,226,682 across 11 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-04-24. Its ten largest share positions make up 99.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-26-007059

Period
2026-03-31
Reported value
$521M
Holdings
11
Top 10 weight
99.32%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
WOLFadded+475,454$7.76M
NVAXadded+286,317$2.33M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TDAYreduced-1,300,000-$9.16M
BIDUexited-33,935-$4.43M
CYDreduced-27,956-$1.08M
VGSHreduced-13,188-$772K
VEONreduced-4,755-$220K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001398344-26-007059, largest first. % of portfolio is the value over $521,226,682, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 4,943,890 shares; 2025Q1: 4,942,790 shares; 2025Q2: 4,918,757 shares; 2025Q3: 4,824,421 shares; 2025Q4: 4,895,252 shares; 2026Q1: 4,890,497 shares 4,890,497$226M43.44%-4,755Timeline
NVAXNOVAVAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 11,148,846 shares; 2025Q1: 11,131,846 shares; 2025Q2: 11,511,780 shares; 2025Q3: 11,811,780 shares; 2025Q4: 14,558,780 shares; 2026Q1: 14,845,097 shares 14,845,097$121M23.18%+286,317Timeline
CYDCHINA YUCHAI INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 4,345,471 shares; 2025Q1: 3,324,022 shares; 2025Q2: 3,255,185 shares; 2025Q3: 1,672,697 shares; 2025Q4: 1,646,397 shares; 2026Q1: 1,618,441 shares 1,618,441$62.3M11.95%-27,956Timeline
TROXTRONOX HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 400,000 shares; 2025Q4: 3,000,000 shares; 2026Q1: 2,994,154 shares 2,994,154$29.3M5.61%-5,846Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 237,752 shares; 2025Q1: 373,988 shares; 2025Q2: 373,988 shares; 2025Q3: 356,528 shares; 2025Q4: 356,178 shares; 2026Q1: 342,990 shares 342,990$20.1M3.85%-13,188Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 308,558 shares; 2025Q1: 306,250 shares; 2025Q2: 305,317 shares; 2025Q3: 304,744 shares; 2025Q4: 304,744 shares; 2026Q1: 303,953 shares 303,953$17.2M3.3%-791Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 789,397 shares; 2025Q1: 765,565 shares; 2025Q2: 586,000 shares; 2025Q3: 586,000 shares; 2025Q4: 586,000 shares; 2026Q1: 586,000 shares 586,000$13.4M2.56%0Timeline
CSIQCANADIAN SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,745,546 shares; 2025Q1: 1,906,285 shares; 2025Q2: 1,880,885 shares; 2025Q3: 1,686,285 shares; 2025Q4: 970,000 shares; 2026Q1: 964,557 shares 964,557$13.4M2.56%-5,443Timeline
WOLFWOLFSPEED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 33,494 shares; 2026Q1: 508,948 shares 508,948$8.31M1.59%+475,454Timeline
DOLEDOLE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 275,890 shares; 2025Q1: 271,232 shares; 2025Q2: 271,232 shares; 2025Q3: 275,397 shares; 2025Q4: 461,521 shares; 2026Q1: 458,522 shares 458,522$6.55M1.26%-2,999Timeline
TDAYUSA TODAY CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,800,000 shares; 2025Q1: 1,800,000 shares; 2025Q2: 1,800,000 shares; 2025Q3: 1,800,000 shares; 2025Q4: 1,800,000 shares; 2026Q1: 500,000 shares 500,000$3.52M0.68%-1,300,000Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BIDUBAIDU INC33,935$4.43Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-26-007059 base2026-04-24acceptance time not in the bulk data set