SHAH CAPITAL MANAGEMENT
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
10 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Portfolio Trend
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 45.9% | $229,955,011 |
| Healthcare | 24.1% | $120,839,089 |
| Consumer Cyclical | 12.4% | $62,309,978 |
| Basic Materials | 5.8% | $29,252,884 |
| Consumer Defensive | 4.7% | $23,765,137 |
| Technology | 4.3% | $21,665,145 |
| Energy | 2.7% | $13,360,800 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TDAY | USA TODAY Co., Inc. | −1,300,000 | 500,000 | $3,525,000 | |
| CYD | China Yuchai International Ltd | −27,956 | 1,618,441 | $62,309,978 | |
| TROX | Tronox Holdings plc | −5,846 | 2,994,154 | $29,252,884 | |
| CSIQ | Canadian Solar Inc. | −5,443 | 964,557 | $13,359,114 | |
| VEON | VEON Ltd. | −4,755 | 4,890,497 | $226,430,011 | |
| DOLE | Dole plc | −2,999 | 458,522 | $6,552,279 | |
| EDU | New Oriental Education & Technology Group Inc. | −791 | 303,953 | $17,212,858 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BIDU | Baidu, Inc. | 33,935 | $4,433,947 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VEON |
VEON Ltd.
Communication Services
|
Reduced | 4,890,497 | $226,430,011 | 45.18% | |
| NVAX |
Novavax Inc
Healthcare
|
Added | 14,845,097 | $120,839,089 | 24.11% | |
| CYD |
China Yuchai International Ltd
Consumer Cyclical
|
Reduced | 1,618,441 | $62,309,978 | 12.43% | |
| TROX |
Tronox Holdings plc
Basic Materials
|
Reduced | 2,994,154 | $29,252,884 | 5.84% | |
| EDU |
New Oriental Education & Technology Group Inc.
Consumer Defensive
|
Reduced | 303,953 | $17,212,858 | 3.43% | |
| AM |
Antero Midstream Corp
Energy
|
Held | 586,000 | $13,360,800 | 2.67% | |
| CSIQ |
Canadian Solar Inc.
Technology
|
Reduced | 964,557 | $13,359,114 | 2.67% | |
| WOLF |
Wolfspeed, Inc.
Technology
|
Added | 508,948 | $8,306,031 | 1.66% | |
| DOLE |
Dole plc
Consumer Defensive
|
Reduced | 458,522 | $6,552,279 | 1.31% | |
| TDAY |
USA TODAY Co., Inc.
Communication Services
|
Reduced | 500,000 | $3,525,000 | 0.70% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.