SHAH CAPITAL MANAGEMENT: VEON LTD (VEON): Quarterly 13F Position History
As of Q3 2026, SHAH CAPITAL MANAGEMENT reported 4,649,172 shares of VEON LTD (VEON), worth $343.7M and representing 56.8% of its 13F equity book. Quarter-over-quarter share count change: 18,406 (-0.4%) . The position first appeared in Q4 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 4,649,172Shares Held (Latest Filing)
- $343.7MReported Market Value (Latest Filing)
- 56.8%Portfolio Weight (% of 13F Equity Book)
- 18,406Quarter-over-Quarter Share Change
- +$100.0MQuarter-over-Quarter Value Change
- 4,951,467Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q3 2026 | 4,649,172 | 18,406 | -0.4% | $343.7M | 56.8% | $73.9 |
| Q2 2026 | 4,667,578 | 222,919 | -4.6% | $243.7M | 46.3% | $52.2 |
| Q1 2026 | 4,890,497 | 4,755 | -0.1% | $226.4M | 43.4% | $46.3 |
| Q4 2025 | 4,895,252 | +70,831 | +1.5% | $257.3M | 49.6% | $52.6 |
| Q3 2025 | 4,824,421 | 94,336 | -1.9% | $262.6M | 47.0% | $54.4 |
| Q2 2025 | 4,918,757 | 24,033 | -0.5% | $226.6M | 44.1% | $46.1 |
| Q1 2025 | 4,942,790 | 1,100 | -0.0% | $215.6M | 44.0% | $43.6 |
| Q4 2024 | 4,943,890 | 6,137 | -0.1% | $198.2M | 40.0% | $40.1 |
| Q3 2024 | 4,950,027 | 0 | – | $150.6M | 29.4% | $30.4 |
| Q2 2024 | 4,950,027 | +957 | +0.0% | $128.4M | 27.8% | $25.9 |
| Q1 2024 | 4,949,070 | 2,397 | -0.0% | $118.8M | 33.3% | $24.0 |
| Q4 2023 | 4,951,467 | – | – | $97.5M | 25.0% | $19.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did SHAH CAPITAL MANAGEMENT first disclose a VEON position in 13F-HR filings?
SHAH CAPITAL MANAGEMENT first reported VEON LTD (VEON) on its 13F-HR filing for the period ending 2023-12-31 (Q4 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was SHAH CAPITAL MANAGEMENT's most recent quarter-over-quarter share-count change in VEON?
Between Q2 2026 and Q3 2026, SHAH CAPITAL MANAGEMENT reduced its VEON position by 18,406 shares (-0.4%), leaving 4,649,172 shares at a market value of $343.7M.
Does the implied price-per-share represent SHAH CAPITAL MANAGEMENT's cost basis in VEON?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.