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Shah Capital

Shah Capital's Portfolio

Ticker	# of Shares	Price	Value
	2,100,646	$195.32	$410,298,177
	1,405,000	$195.32	$274,424,600
CYD	4,091,436	$58.44	$239,103,520
EDU	1,833,832	$46.40	$85,089,805
	385,069	$195.32	$75,211,678
NVAX	5,480,756	$10.22	$56,013,327
	206,223	$195.32	$40,279,477
GNW	4,723,917	$8.36	$39,491,947
SOL	16,471,803	$1.94	$31,955,298
VAL	258,927	$92.44	$23,935,212
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Shah Capital is a Raleigh, NC-based hedge fund run by Himanshu H. Shah started in 2005. The firm held $326 million in assets as of March 2011. 2009 returns neared 100% and 68% through the life of the fund.

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Form SCHEDULE 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT May 15, 2026 08:15AM

Form D/A SHAH CAPITAL OPPORTUNITY May 8, 2026 05:17PM

Form 13F-HR SHAH CAPITAL MANAGEMENT For: Mar 31 Apr 24, 2026 08:49AM

Shah Capital urges vote against Novavax board and pay Apr 8, 2026 06:13AM

Form SCHEDULE 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT Apr 8, 2026 06:03AM

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Jan 15, 2026 10:12AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Dec 31
Dec 16, 2025 08:48AM Form SCHEDULE 13D/A Emeren Group Ltd Filed by: SHAH CAPITAL MANAGEMENT
Nov 12, 2025 04:18PM Form SCHEDULE 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Nov 12, 2025 09:00AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Sep 30
Nov 12, 2025 08:51AM Form SCHEDULE 13G/A CHINA YUCHAI INTERNATION Filed by: SHAH CAPITAL MANAGEMENT
Oct 14, 2025 07:45AM Form SCHEDULE 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Oct 14, 2025 06:14AM Shah Capital pushes for Novavax (NVAX) sale
Oct 7, 2025 04:14PM Form SCHEDULE 13G/A Cheer Holding, Inc. Filed by: SHAH CAPITAL MANAGEMENT
Sep 3, 2025 04:53PM Form SCHEDULE 13D/A Emeren Group Ltd Filed by: SHAH CAPITAL MANAGEMENT
Aug 22, 2025 11:41AM Form N-PX SHAH CAPITAL MANAGEMENT For: Jun 30
Aug 6, 2025 03:09PM Form SCHEDULE 13G/A Cheer Holding, Inc. Filed by: SHAH CAPITAL MANAGEMENT
Jul 23, 2025 10:45AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Jun 30
Jul 7, 2025 05:08PM Form SCHEDULE 13D/A Emeren Group Ltd Filed by: SHAH CAPITAL MANAGEMENT
Jun 20, 2025 10:38AM Form SCHEDULE 13D/A Emeren Group Ltd Filed by: SHAH CAPITAL MANAGEMENT
May 14, 2025 10:21AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Mar 31
May 9, 2025 02:27PM Form D/A SHAH CAPITAL OPPORTUNITY
May 6, 2025 05:20PM Form SCHEDULE 13G/A CHINA YUCHAI INTERNATION Filed by: SHAH CAPITAL MANAGEMENT
May 6, 2025 10:57AM Form SCHEDULE 13G/A Cheer Holding, Inc. Filed by: SHAH CAPITAL MANAGEMENT
Mar 17, 2025 11:43AM Emeren (SOL) shareholder offers to buy all outstanding shares
Mar 17, 2025 11:39AM Form SCHEDULE 13D/A Emeren Group Ltd Filed by: SHAH CAPITAL MANAGEMENT
Jan 22, 2025 09:50AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Dec 31
Jan 8, 2025 01:09PM Form SCHEDULE 13G/A Cheer Holding, Inc. Filed by: SHAH CAPITAL MANAGEMENT
Dec 20, 2024 04:06PM Form 4 Emeren Group Ltd For: Dec 18 Filed by: SHAH CAPITAL MANAGEMENT
Dec 16, 2024 06:42AM Form 4 Emeren Group Ltd For: Dec 12 Filed by: SHAH CAPITAL MANAGEMENT
Oct 21, 2024 10:53AM Form SC 13D/A VEON Ltd. Filed by: SHAH CAPITAL MANAGEMENT
Oct 15, 2024 12:04PM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Sep 30
Sep 20, 2024 04:09PM Form 4 Emeren Group Ltd For: Sep 19 Filed by: SHAH CAPITAL MANAGEMENT
Sep 5, 2024 06:09PM Form 4 Emeren Group Ltd For: Sep 03 Filed by: SHAH CAPITAL MANAGEMENT
Sep 3, 2024 06:21PM Form SC 13G CHINA YUCHAI INTERNATION Filed by: SHAH CAPITAL MANAGEMENT
Aug 23, 2024 12:52PM Form N-PX SHAH CAPITAL MANAGEMENT For: Jun 30
Aug 12, 2024 09:00AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Jun 30
Jul 12, 2024 04:02PM Form SC 13G/A Cheer Holding, Inc. Filed by: SHAH CAPITAL MANAGEMENT
May 20, 2024 02:42PM Form DFAN14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 20, 2024 07:39AM Shah Capital ends campaign against Novavax board after Sanofi deal
May 20, 2024 06:35AM Shah Capital Withdraws Proxy Campaign Against Re-Election of Directors at Novavax’s 2024 Annual Meeting
May 20, 2024 06:09AM Form SC 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 15, 2024 08:18AM Form 13F-HR SHAH CAPITAL MANAGEMENT For: Mar 31
May 13, 2024 04:10PM Form DFAN14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 10, 2024 02:26PM Form D/A SHAH CAPITAL OPPORTUNITY
May 8, 2024 04:54PM Form DFAN14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 7, 2024 05:22PM Form DFAN14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 7, 2024 02:44PM Form SC 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 6, 2024 04:44PM Form DFAN14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
May 6, 2024 08:18AM Shah Capital urges Novavax shareholders to vote against three directors
May 6, 2024 06:23AM Shah Capital Launches Campaign Urging Stockholders to Vote AGAINST Novavax (NVAX) Directors
May 6, 2024 06:22AM Shah Capital Launches Campaign Urging Stockholders to Vote AGAINST the Re-Election of All of Novavax’s Directors Up for Election at its 2024 Annual Meeting
May 6, 2024 06:17AM Form PREC14A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Apr 15, 2024 12:18PM Form SC 13D/A NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Apr 15, 2024 06:28AM Form SC 13D NOVAVAX INC Filed by: SHAH CAPITAL MANAGEMENT
Apr 15, 2024 06:02AM Shah Capital nominates two directors to board of Novavax (NVAX)

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