{
  "crd_number": 133941,
  "slug": "shah-capital-management-raleigh-nc-133941",
  "primary_business_name": "SHAH CAPITAL MANAGEMENT",
  "legal_name": "SHAH CAPITAL MANAGEMENT, INC",
  "dbas": [],
  "city": "Raleigh",
  "state": "NC",
  "country": "United States",
  "cbsa_code": "39580",
  "metro": {
    "cbsa_code": "39580",
    "common_name": "Raleigh",
    "msa_name": "Raleigh-Cary, NC",
    "path": "/advisors/nc/raleigh"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-02-04",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-02-23",
  "carried_forward": false,
  "raum_total": 768017626.0,
  "raum_discretionary": 768017626.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 14674309.0,
      "count": 6,
      "description": "TRUSTS"
    },
    "individuals": {
      "raum": 18807053.0,
      "count": 23
    },
    "high_net_worth_individuals": {
      "raum": 60081726.0,
      "count": 27
    },
    "pooled_investment_vehicles": {
      "raum": 674454538.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "NC",
    "NY",
    "OH",
    "PA",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/SHAH-CAPITAL",
    "https://shahcapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133941",
  "city_as_filed": "RALEIGH",
  "url": "https://advisorcensus.com/firm/shah-capital-management-raleigh-nc-133941",
  "display_name": "Shah Capital Management",
  "summary": "Shah Capital Management is an SEC-registered investment advisory firm in Raleigh, NC, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 23, 2026.",
  "citation": "AdvisorCensus. Shah Capital Management (CRD 133941): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Shah Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Shah Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Shah Capital Management located?",
      "a": "Shah Capital Management's principal office is in Raleigh, NC, according to its Form ADV."
    },
    {
      "q": "Is Shah Capital Management registered with the SEC or a state?",
      "a": "Shah Capital Management is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 133941."
    },
    {
      "q": "How much does Shah Capital Management manage?",
      "a": "Shah Capital Management reports $768,017,626 in regulatory assets under management in its Form ADV filing dated February 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Shah Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Shah Capital Management: Regulatory assets under management: $422,110,428 in the October 2021 data and $768,017,626 in the October 2026 data, up 82%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Shah Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (27); individuals (other than high net worth individuals) (23); other (6)."
    },
    {
      "q": "Which custodians does Shah Capital Management use?",
      "a": "Shah Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Shah Capital Management report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133941"
    },
    {
      "q": "What changed in Shah Capital Management's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $639,263,299 to $768,017,626 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 422110428.0,
      "total_employees": 6,
      "filing_date": "2021-03-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 466109220.0,
      "total_employees": 6,
      "filing_date": "2022-04-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 545879221.0,
      "total_employees": 5,
      "filing_date": "2023-04-25"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 514574098.0,
      "total_employees": 5,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 639263299.0,
      "total_employees": 4,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 768017626.0,
      "total_employees": 4,
      "filing_date": "2026-02-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $639,263,299 to $768,017,626 (+20%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/shah-capital-management-raleigh-nc-133941.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 18807053.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 27,
      "fewer_than_5": false,
      "raum": 60081726.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 674454538.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 6,
      "fewer_than_5": false,
      "raum": 14674309.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133941",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}