RWC Asset Management 13F: Cuts VEON Stake by $2.6M

RWC Asset Management cut its holdings in VEON Ltd. VEON by 35,022 shares during the quarter, according to a Form 13F filing disclosed on October 22, 2026. The adjustment lowered the firm's stake by 51.3%, leaving it with 33,185 shares worth roughly $2.45 million.

VEON VEON Ltd.

$83.01 ▲ +57.51% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in RWC Asset Management's VEON Ltd. Position

The reduction brought RWC's total share count down from 68,207 shares at the start of the period to 33,185 shares at the close. The remaining holding reflects a smaller footprint in the telecommunications provider as institutional portfolio managers rebalance their allocations.

Other Institutional Activity in VEON Ltd.

Other large funds also adjusted their positions in the telecom operator during recent reporting periods. Lingotto Investment Management LLP grew its holdings by -777,020 shares, ending with 5,265,123 shares worth about $437.06 million. Shah Capital Management reduced its stake by 18,203 shares to hold 4,649,172 shares valued at roughly $385.93 million. Solus Alternative Asset Management LP kept its stake steady with 887,002 shares worth about $73.63 million. Panview Capital Ltd added 72,993 shares for a 13.1% increase, finishing with 630,616 shares valued at roughly $52.35 million. Vr Advisory Services Ltd boosted its holdings by 207,566 shares, a 52.7% increase that left it with 601,205 shares worth about $49.91 million.

VEON Ltd. Stock Up 1.0%

VEON shares recently traded around $83.01, sitting 19.4% above their 50-day moving average of $69.50 and 46.2% above their 200-day moving average of $56.76. The stock trades 2.7% below its 52-week high of $85.27 and well above its 52-week low of $42.60. The company carries a market capitalization of roughly $5.46 billion, a price-to-earnings ratio of 100.34, and a forward P/E of 9.51.

Recent Earnings

For the trailing twelve months, VEON generated $4.76 billion in revenue with earnings of $0.79 per share. Profitability metrics include a net profit margin of 1.2% and a return on equity of 7.5%. Market participants will monitor the upcoming earnings report on November 6, 2026, for further updates on business performance across its regional markets.

Insider Buying and Selling at VEON Ltd.

Director Augie K. Fabela II purchased 20,000 shares on August 7, 2026, in a transaction valued at $1.12 million.

Analysts Set New Price Targets

On September 29, 2026, Northland Capital Markets maintained its outperform rating on the stock while raising its price target from $70.00 to $85.00. Later, on October 2, 2026, Cantor Fitzgerald initiated coverage with an overweight rating and a $112.00 price target. The stock holds a consensus strong buy recommendation with a mean price target of $90.02 across eight analyst opinions.

About VEON Ltd.

VEON Ltd. operates digital and telecommunications services across multiple emerging markets, including Pakistan, Ukraine, Bangladesh, Kazakhstan, and Uzbekistan. The company connects millions of users to mobile and internet networks, driving digital adoption in fast-growing regions.

Bottom Line

Investors are keeping an eye on VEON as it approaches its next financial results announcement in November. Institutional shifts and positive analyst sentiment continue to shape market interest in the telecom provider.