SHAH CAPITAL MANAGEMENT
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Mar 2026 to Oct 2026 | $768,017,626 | Pooled investment vehicles (88%) |
| Apr 2025 to Feb 2026 | $639,263,299 | Pooled investment vehicles (87%) |
| Apr 2024 to Mar 2025 | $514,574,098 | Pooled investment vehicles (86%) |
| May 2023 to Mar 2024 | $545,879,221 | Pooled investment vehicles (86%) |
| Mar 2023 to Apr 2023 | $545,879,221 | Pooled investment vehicles (86%) |
| May 2022 to Feb 2023 | $466,109,220 | Pooled investment vehicles (88%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 99.7%; sector active share 60.6% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
11 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026Portfolio Trend
Sector Breakdown
As of Sep 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 56.8% | $343,713,285 |
| Healthcare | 22.1% | $133,870,329 |
| Consumer Cyclical | 6.8% | $40,961,399 |
| Unclassified | 5.3% | $32,321,724 |
| Consumer Defensive | 3.6% | $21,606,335 |
| Basic Materials | 1.9% | $11,517,437 |
| Energy | 1.7% | $10,517,734 |
| Technology | 1.7% | $10,478,257 |
| Real Estate | 0.1% | $350,038 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVAX | Novavax Inc | −1,992,096 | 12,173,481 | $131,595,329 | |
| AM | Antero Midstream Corp | −35,117 | 521,713 | $10,517,734 | |
| CYD | China Yuchai International Ltd | −20,999 | 1,320,058 | $40,961,399 | |
| VEON | VEON Ltd. | −18,406 | 4,649,172 | $343,713,285 | |
| CSIQ | Canadian Solar Inc. | −14,145 | 909,571 | $10,478,257 | |
| DOLE | Dole plc | −13,542 | 427,284 | $5,430,779 | |
| EDU | New Oriental Education & Technology Group Inc. | −3,362 | 291,504 | $16,175,556 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VEON |
VEON Ltd.
Communication Services
|
Reduced | 4,649,172 | $343,713,285 | 56.78% | |
| NVAX |
Novavax Inc
Healthcare
|
Reduced | 12,173,481 | $131,595,329 | 21.74% | |
| CYD |
China Yuchai International Ltd
Consumer Cyclical
|
Reduced | 1,320,058 | $40,961,399 | 6.77% | |
| VGSH |
VANGUARD SHORT-TERM TREASURY INDEX FUND
|
Added | 561,531 | $32,321,724 | 5.34% | |
| EDU |
New Oriental Education & Technology Group Inc.
Consumer Defensive
|
Reduced | 291,504 | $16,175,556 | 2.67% | |
| TROX |
Tronox Holdings plc
Basic Materials
|
Added | 2,915,807 | $11,517,437 | 1.90% | |
| AM |
Antero Midstream Corp
Energy
|
Reduced | 521,713 | $10,517,734 | 1.74% | |
| CSIQ |
Canadian Solar Inc.
Technology
|
Reduced | 909,571 | $10,478,257 | 1.73% | |
| DOLE |
Dole plc
Consumer Defensive
|
Reduced | 427,284 | $5,430,779 | 0.90% | |
| ELTX |
Elicio Therapeutics, Inc.
Healthcare
|
NEW | 1,250,000 | $2,275,000 | 0.38% | |
| REAX |
Real REMAX Group Inc.
Real Estate
|
NEW | 21,396 | $350,038 | 0.06% |
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.