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SHAH CAPITAL MANAGEMENT

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13F filer, CIK 1383838, RALEIGH, NC

SHAH CAPITAL MANAGEMENT reported $605,336,542 across 11 holdings for the quarter ended 2026-09-30, in a 13F-HR filed 2026-10-09. Its ten largest share positions make up 99.94% of the portfolio.

Accepted , ingested 13F-HR 0001398344-26-018061

Period
2026-09-30
Reported value
$605M
Holdings
11
Top 10 weight
99.94%
New
2
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VGSHadded+179,207$10.3M
ELTXnew+1,250,000$2.27M
TROXadded+344,993$1.36M
REAXnew+21,396$350K

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
NVAXreduced-1,992,096-$21.5M
VEONreduced-18,406-$1.36M
AMreduced-35,117-$708K
CYDreduced-20,999-$652K
EDUreduced-3,362-$187K

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, Q3 2026

Share positions as resolved from 13F-HR 0001398344-26-018061, largest first. % of portfolio is the value over $605,336,542, 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; 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; 2026Q2: 4,667,578 shares; 2026Q3: 4,649,172 shares 4,649,172$344M56.78%-18,406Timeline
NVAXNOVAVAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 14,165,577 shares; 2026Q3: 12,173,481 shares 12,173,481$132M21.74%-1,992,096Timeline
CYDCHINA YUCHAI INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 1,341,057 shares; 2026Q3: 1,320,058 shares 1,320,058$41M6.77%-20,999Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: 237,752 shares; 2025Q1: 373,988 shares; 2025Q2: 373,988 shares; 2025Q3: 356,528 shares; 2025Q4: 356,178 shares; 2026Q1: 342,990 shares; 2026Q2: 382,324 shares; 2026Q3: 561,531 shares 561,531$32.3M5.34%+179,207Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: 308,558 shares; 2025Q1: 306,250 shares; 2025Q2: 305,317 shares; 2025Q3: 304,744 shares; 2025Q4: 304,744 shares; 2026Q1: 303,953 shares; 2026Q2: 294,866 shares; 2026Q3: 291,504 shares 291,504$16.2M2.67%-3,362Timeline
TROXTRONOX HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 400,000 shares; 2025Q4: 3,000,000 shares; 2026Q1: 2,994,154 shares; 2026Q2: 2,570,814 shares; 2026Q3: 2,915,807 shares 2,915,807$11.5M1.9%+344,993Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: 789,397 shares; 2025Q1: 765,565 shares; 2025Q2: 586,000 shares; 2025Q3: 586,000 shares; 2025Q4: 586,000 shares; 2026Q1: 586,000 shares; 2026Q2: 556,830 shares; 2026Q3: 521,713 shares 521,713$10.5M1.74%-35,117Timeline
CSIQCANADIAN SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 923,716 shares; 2026Q3: 909,571 shares 909,571$10.5M1.73%-14,145Timeline
DOLEDOLE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: 275,890 shares; 2025Q1: 271,232 shares; 2025Q2: 271,232 shares; 2025Q3: 275,397 shares; 2025Q4: 461,521 shares; 2026Q1: 458,522 shares; 2026Q2: 440,826 shares; 2026Q3: 427,284 shares 427,284$5.43M0.9%-13,542Timeline
ELTXELICIO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: not reported; 2026Q3: 1,250,000 shares 1,250,000$2.27M0.38%newTimeline
REAXREAL REMAX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: not reported; 2026Q3: 21,396 shares 21,396$350K0.06%newTimeline

How Q3 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 0001398344-26-018061 base2026-10-09