SHAH CAPITAL MANAGEMENT

Q4 2025 13F-HR Holdings

Location
Raleigh, NC
Holdings as of
12/31/2025
Date filed
1/15/2026
Form type
13F-HR
Num holdings
12
Total value ($000)
$518,511
Net value change ($000)
-40,468 (-7.2%)
New positions
1
Sold out positions
2
Turnover %
7.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: 4/24/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TROX 10,902 678.0%
DOLE 3,217 86.9%
TDAY 1,836 24.7%
CSIQ 1,068 4.9%
EDU 597 3.7%
WOLF 583 NEW
Top Reduces (Value $000, Stocks/ETFs)
SOL -35,566 -100.0%
CYD -10,752 -15.5%
VEON -5,250 -2.0%
NVAX -4,573 -4.5%
CHR -1,462 -100.0%
AM -967 -8.5%
VGSH -64 -0.3%
BIDU -38 -0.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type