SHAH CAPITAL MANAGEMENT

CIK: 0001383838SEC EDGAR →

Portfolio Value

$519K

Holdings

12

As of

Q4 2025

New Positions

1

Closed Positions

2

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

VEON LTD

4,895,252$257K
49.63%
2

NOVAVAX INC

14,558,780$98K
18.87%
3

CHINA YUCHAI INTL LTD

1,646,397$58K
11.27%
4

CANADIAN SOLAR INC

970,000$23K
4.45%
5

VANGUARD SCOTTSDALE FDS

356,178$21K
4.03%
6

NEW ORIENTAL ED & TECHNOLOGY

304,744$17K
3.23%
7

TRONOX HOLDINGS PLC

3,000,000$13K
2.41%
8

ANTERO MIDSTREAM CORP

586,000$10K
2.01%
9

USA TODAY CO INC

1,800,000$9K
1.79%
10

DOLE PLC

461,521$7K
1.33%

Quarterly Changes

Top Buys

TROX↑ Increased
$11K
VEON↑ Increased
$5K
NVV1↑ Increased
$5K
DOLE↑ Increased
$3K
WOLFNEW
$583

Top Sells

VQKACLOSED
$36K
CYD↓ Decreased
$11K
CHRCLOSED
$1K
CSIQ↓ Decreased
$1K
VGSH↓ Decreased
$63

New Positions (1)

$583 · 33K shares

Closed Positions (2)

$36K · 18.8M shares
$1K · 2.2M shares

Sector Breakdown

Sector# HoldingsValue%
Communication Services2$267K51.4%
Unknown3$119K23.0%
Industrials1$58K11.3%
Energy2$33K6.5%
Financial Services1$21K4.0%
Basic Materials1$13K2.4%
Consumer Defensive1$7K1.3%
Technology1$5830.1%