SHAH CAPITAL MANAGEMENT
CIK
1383838
Location
RALEIGH, NC
Portfolio Value
Micro
$23,765,137
Diversification
Highly concentrated
Filing Date
Global Rank
#2,307
/ 8,232
▲ 159
Top Industry
Telecom Services
45.2%
3Y Alpha vs SPY
+7.6%
Period ended 2 months ago
Filed Apr 24, 2026 · 51d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+111.5%
SPY
+76.3%
Annualised alpha
+7.6%
Max drawdown
−26.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
45.2%
−6.5 pts
Top 5
91.0%
−0.1 pts
Top 10
100.0%
+0.1 pts
HHI
2,842
Highly concentrated−407
Portfolio Trend
25 quarters · across all stocks
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
7 positions
| 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 quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BIDU | Baidu, Inc. | 33,935 | $4,433,947 | |
| No positions match the current search. | ||||
2 positions ·
$23,765,137 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Healthcare
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| EDU |
New Oriental Education & Technology Group Inc.
Consumer Defensive
|
Reduced | 303,953 | $17,212,858 | 72.43% | |
| DOLE |
Dole plc
Consumer Defensive
|
Reduced | 458,522 | $6,552,279 | 27.57% |