Shah Capital Management
Net seller this quarter
$526M
8
-$64.7M
95.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 VEON | $244M | 46.31% | 0.25% | -4.6% | Q4 2023 |
 NVAX | $133M | 25.36% | 8.59% | -4.6% | Q4 2022 |
 CYD | $63.6M | 12.08% | 3.57% | -17.1% | Q2 2013 |
 TROX | $16.2M | 3.08% | 1.61% | -14.1% | Q3 2025 |
 CSIQ | $14.8M | 2.81% | 1.36% | -4.2% | Q2 2013 |
 EDU | $13.5M | 2.57% | 0.02% | -3.0% | Q3 2021 |
 AM | $12.7M | 2.41% | 0.12% | -5.0% | Q1 2020 |
 DOLE | $6.05M | 1.15% | 0.47% | -3.9% | Q3 2022 |
| Q1 2026 | |||||
| VEON | $226M | 43.44% | 0.26% | -0.1% | Q4 2023 |
| NVAX | $121M | 23.18% | 9.03% | +2.0% | Q4 2022 |
| CYD | $62.3M | 11.95% | 4.31% | -1.7% | Q2 2013 |
| TROX | $29.3M | 5.61% | 1.88% | -0.2% | Q3 2025 |
| EDU | $17.2M | 3.30% | 0.02% | -0.3% | Q3 2021 |
| AM | $13.4M | 2.56% | 0.12% | Not reported | Q1 2020 |
| CSIQ | $13.4M | 2.56% | 1.42% | -0.6% | Q2 2013 |
 WOLF | $8.31M | 1.59% | 1.05% | +1419.5% | Q3 2024 |
| DOLE | $6.55M | 1.26% | 0.48% | -0.7% | Q3 2022 |
 TDAY | $3.53M | 0.68% | 0.34% | -72.2% | Q4 2022 |
| Q4 2025 | |||||
| VEON | $257M | 49.63% | 0.26% | +1.5% | Q4 2023 |
| NVAX | $97.8M | 18.87% | 8.96% | +23.3% | Q4 2022 |
| CYD | $58.4M | 11.27% | 4.39% | -1.6% | Q2 2013 |
| CSIQ | $23.1M | 4.45% | 1.43% | -42.5% | Q2 2013 |
| EDU | $16.8M | 3.23% | 0.02% | Not reported | Q3 2021 |
| TROX | $12.5M | 2.41% | 1.89% | +650.0% | Q3 2025 |
| AM | $10.4M | 2.01% | 0.12% | Not reported | Q1 2020 |
| TDAY | $9.27M | 1.79% | 1.22% | Not reported | Q4 2022 |
| DOLE | $6.92M | 1.33% | 0.49% | +67.6% | Q3 2022 |
 BIDU | $4.43M | 0.86% | Not reported | Not reported | Q2 2024 |
| WOLF | $583K | 0.11% | 0.12% | Not reported | Q3 2024 |
| Q3 2025 | |||||
| VEON | $263M | 46.98% | 0.26% | -1.9% | Q4 2023 |
| NVAX | $102M | 18.32% | 7.27% | +2.6% | Q4 2022 |
| CYD | $69.2M | 12.38% | 4.46% | -48.6% | Q2 2013 |
| SOLN | $35.6M | 6.36% | 66.29% | Not reported | Q4 2023 |
| CSIQ | $22M | 3.93% | 2.52% | -10.4% | Q2 2013 |
| EDU | $16.2M | 2.89% | 0.02% | -0.2% | Q3 2021 |
| AM | $11.4M | 2.04% | 0.12% | Not reported | Q1 2020 |
| TDAY | $7.43M | 1.33% | 1.22% | Not reported | Q4 2022 |
| BIDU | $4.47M | 0.80% | Not reported | Not reported | Q2 2024 |
| DOLE | $3.7M | 0.66% | 0.29% | +1.5% | Q3 2022 |
| TROX | $1.61M | 0.29% | 0.25% | New | Q3 2025 |
 CHR | $1.46M | 0.26% | 20.98% | +2.3% | Q4 2021 |