SHAH CAPITAL MANAGEMENT 13F: Quarter-over-Quarter Portfolio Changes
SHAH CAPITAL MANAGEMENT reported a disclosed portfolio value of approximately $526.2 million in its latest SEC Form 13F-HR filing for Q2 2026, up 1.0% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 1 holding, trimmed 7 holdings, and exited 3 positions.
SHAH CAPITAL MANAGEMENT's top buy was a new stake in Antero Midstream CORP (SYN_03676B102) , equal to 2.4% of the disclosed portfolio. Its top sell was Antero Midstream CORP (AM) . The fund exited the position completely after it had accounted for 2.6% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ANTERO MIDSTREAM CORP | SYN_03676B102 | 2.4% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | VGSH | +0.4% | +11.5% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CHINA YUCHAI INTL LTD | CYD | 0.1% | 17.1% | History → |
| TRONOX HOLDINGS PLC | TROX | -2.5% | 14.1% | History → |
| NOVAVAX INC | NVAX | 2.2% | 4.6% | History → |
| VEON LTD | VEON | 2.9% | 4.6% | History → |
| CANADIAN SOLAR INC | CSIQ | 0.2% | 4.2% | History → |
| DOLE PLC | DOLE | -0.1% | 3.9% | History → |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | -0.7% | 3.0% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ANTERO MIDSTREAM CORP | AM | 2.6% |
| WOLFSPEED INC | WOLF | 1.6% |
| USA TODAY CO INC | TDAY | 0.7% |
Net Portfolio Value ChangeQ2 2026
- $0.5BPrior quarter
- $0.5BCurrent quarter
- +$0.0BNet delta
- +1.0%% change
Methodology & FAQ
How SHAH CAPITAL MANAGEMENT Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for SHAH CAPITAL MANAGEMENT: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did SHAH CAPITAL MANAGEMENT buy in Q2 2026?
In Q2 2026, SHAH CAPITAL MANAGEMENT initiated 1 new position (ANTERO MIDSTREAM CORP (SYN_03676B102)); bought more shares of VANGUARD SCOTTSDALE FDS (VGSH).
What stocks did SHAH CAPITAL MANAGEMENT sell in Q2 2026?
In Q2 2026, SHAH CAPITAL MANAGEMENT fully sold 3 positions (ANTERO MIDSTREAM CORP (AM), WOLFSPEED INC (WOLF), USA TODAY CO INC (TDAY)); reduced holdings in CHINA YUCHAI INTL LTD (CYD), TRONOX HOLDINGS PLC (TROX), NOVAVAX INC (NVAX), VEON LTD (VEON), CANADIAN SOLAR INC (CSIQ) (the largest 5 of 7 reductions).
Which positions did SHAH CAPITAL MANAGEMENT initiate in Q2 2026?
SHAH CAPITAL MANAGEMENT established 1 new position in Q2 2026: ANTERO MIDSTREAM CORP (SYN_03676B102, 2.4%).
Which existing positions saw the largest allocation increases for SHAH CAPITAL MANAGEMENT in Q2 2026?
Of 1 existing position with share-count increases in Q2 2026, the largest were: VANGUARD SCOTTSDALE FDS (VGSH, +0.4% weight, +11.5% shares).
Which positions did SHAH CAPITAL MANAGEMENT fully exit in Q2 2026?
SHAH CAPITAL MANAGEMENT fully exited 3 positions in Q2 2026: ANTERO MIDSTREAM CORP (AM, last-reported weight 2.6%), WOLFSPEED INC (WOLF, last-reported weight 1.6%), USA TODAY CO INC (TDAY, last-reported weight 0.7%).
Which existing positions saw the largest allocation reductions for SHAH CAPITAL MANAGEMENT in Q2 2026?
Of 7 existing positions with share-count reductions in Q2 2026, the largest were: CHINA YUCHAI INTL LTD (CYD, 0.1% weight, -17.1% shares), TRONOX HOLDINGS PLC (TROX, -2.5% weight, -14.1% shares), NOVAVAX INC (NVAX, 2.2% weight, -4.6% shares), VEON LTD (VEON, 2.9% weight, -4.6% shares), CANADIAN SOLAR INC (CSIQ, 0.2% weight, -4.2% shares), DOLE PLC (DOLE, -0.1% weight, -3.9% shares), NEW ORIENTAL ED & TECHNOLOGY (EDU, -0.7% weight, -3.0% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.