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# Himanshu Shah's Firm Discloses 6.46% Passive Stake In Novavax, 10,656,964 Shares
- URL: https://www.bullished.co/himanshu-shahs-firm-discloses-6-46-passive-stake-in-novavax-10-656-964-shares-a38bf75e/
- Published: 2026-10-16T20:40:53.000Z
- Updated: 2026-10-16T20:40:53.000Z
- Description: A Schedule 13G lists Shah Capital Management, its fund and Shah as holders, and certifies no aim to influence control.
- Author: Matteo Parrino
- Tags: SEC Filings, NVAX, Industry: Healthcare

Himanshu H. Shah, president and chief investment officer of Shah Capital Management, reported a [6.46% stake](https://www.sec.gov/Archives/edgar/data/0001383838/000139834426018328/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) in Novavax, or 10,656,964 shares, in a Schedule 13G filed Friday. The filing is a passive ownership disclosure, the SEC form for holders above 5% who say they are not seeking control.

## Who holds what

Three reporting persons signed the filing. Shah Capital Management, a North Carolina corporation that serves as investment adviser, reported [10,543,476 shares](https://www.sec.gov/Archives/edgar/data/0001383838/000139834426018328/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co), or 6.39% of the class, with shared voting power over all of them.

Shah Capital Fund LLC, a Delaware limited liability company the adviser manages, reported 6,230,000 shares, or 3.78% of the class. It also has shared voting power and no sole voting power.

Shah reported the 6.46% total. He has sole voting power over 113,488 shares and shared voting power over 10,543,476\. The filing gives the date of the event as October 16, 2026, and lists the Raleigh, North Carolina office of all three as their address.

## What the filing certifies

Under the signature line, the filers certify that the shares were not acquired and are not held to change or influence control of Novavax. The form lists no such purpose, and it carries the passive-holder certification rather than an activist disclosure.

Novavax is based in Gaithersburg, Maryland. The security covered is its common stock, par value $0.01 per share. Its market capitalization was $2.1 billion in market data as of Friday's report.

The filing treats Shah's 113,488 directly voted shares as separate from the 10,543,476 whose votes he shares through the adviser.

### Sources

- [SCHEDULE 13G — Himanshu H. Shah re: NOVAVAX, INC. (NVAX)](https://www.sec.gov/Archives/edgar/data/0001383838/000139834426018328/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) — SEC EDGAR