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MICM

Matthews International Capital Management Portfolio holdings

AUM $292M
1-Year Est. Return 75.01%
This Fund
S&P 500
This Quarter Est. Return
+67.65%
1 Year Est. Return
+75.01%
3 Year Est. Return
+227.44%
5 Year Est. Return
+185.21%
10 Year Est. Return
+1,024.3%
AUM
$292M
AUM Growth
+$45.2M
Cap. Flow
-$18.1M
Cap. Flow %
-6.2%
Top 10 Hldgs %
64.6%
Holding
38
New
1
Increased
12
Reduced
17
Closed
6

Top Buys

Rank Stock Value
1
UMC icon
United Microelectronic
UMC
+$8.34M
2
YMM icon
Full Truck Alliance
YMM
+$5.19M
3
ATAT icon
Atour Lifestyle Holdings
ATAT
+$4.69M
4
KC
Kingsoft Cloud Holdings
KC
+$3.56M
5
XP icon
XP
XP
+$3.48M

Top Sells

Rank Stock Value
1
FUTU icon
Futu Holdings
FUTU
+$9.4M
2
MU icon
Micron Technology
MU
+$9.14M
3
YUMC icon
Yum China
YUMC
+$8.41M
4
PDD icon
Pinduoduo
PDD
+$6.23M
5
CYD icon
China Yuchai International
CYD
+$5.22M

Sector Composition

Rank Sector Weight
1 Technology 43.33%
2 Consumer Discretionary 17.01%
3 Financials 16.36%
4 Healthcare 9.08%
5 Materials 4.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UMC icon
1
United Microelectronic
UMC
$49.6B
$39.9M 13.67%
1,465,694
+488,049
+50% +$8.34M
TSM icon
2
TSMC
TSM
$2.17T
$28M 9.59%
58,609
-3,900
-6% -$1.58M
LEGN icon
3
Legend Biotech
LEGN
$3.87B
$26.5M 9.08%
917,266
-8,654
-0.9% -$233K
MU icon
4
Micron Technology
MU
$1.05T
$19.6M 6.71%
16,950
-12,193
-42% -$9.14M
ACMR icon
5
ACM Research
ACMR
$5.18B
$16.8M 5.76%
132,396
-6,419
-5% -$454K
YUMC icon
6
Yum China
YUMC
$15.3B
$15.2M 5.2%
371,166
-183,745
-33% -$8.41M
ATAT icon
7
Atour Lifestyle Holdings
ATAT
$4.83B
$11.1M 3.82%
350,616
+131,238
+60% +$4.69M
ITUB icon
8
Itaú Unibanco
ITUB
$82.7B
$11.1M 3.8%
1,356,913
+388,269
+40% +$3.22M
CYD icon
9
China Yuchai International
CYD
$1.43B
$10.2M 3.49%
214,620
-109,414
-34% -$5.22M
BZ icon
10
Kanzhun
BZ
$7.95B
$10.1M 3.48%
787,745
+91,128
+13% +$1.25M
PDD icon
11
Pinduoduo
PDD
$122B
$10M 3.44%
131,480
-67,442
-34% -$6.23M
LRCX icon
12
Lam Research
LRCX
$378B
$8.79M 3.01%
20,295
-7,840
-28% -$2.38M
YMM icon
13
Full Truck Alliance
YMM
$9.14B
$7.04M 2.41%
867,295
+609,468
+236% +$5.19M
NU icon
14
Nu Holdings
NU
$69.1B
$6.74M 2.31%
504,130
-1,613
-0.3% -$21.7K
IBN icon
15
ICICI Bank
IBN
$107B
$6.31M 2.16%
217,511
-79,294
-27% -$2.14M
FCX icon
16
Freeport-McMoran
FCX
$110B
$6.27M 2.15%
99,691
+11,755
+13% +$756K
QFIN icon
17
Qfin Holdings
QFIN
$1.07B
$5.88M 2.02%
372,081
+94,932
+34% +$1.33M
BVN icon
18
Compañía de Minas Buenaventura
BVN
$8.92B
$5.13M 1.76%
175,062
+46,075
+36% +$1.56M
BAP icon
19
Credicorp
BAP
$29.3B
$4.99M 1.71%
12,817
-23
-0.2% -$7.86K
HDB icon
20
HDFC Bank
HDB
$119B
$4.86M 1.67%
188,264
-98,387
-34% -$2.47M
IFS icon
21
Intercorp Financial Services
IFS
$6.03B
$4.67M 1.6%
81,938
+9,554
+13% +$473K
PBR icon
22
Petrobras
PBR
$119B
$4.6M 1.58%
284,705
-489
-0.2% -$9.55K
KC
23
Kingsoft Cloud Holdings
KC
$3.19B
$4.32M 1.48%
477,826
+257,447
+117% +$3.56M
FMX icon
24
Fomento Económico Mexicano
FMX
$40.9B
$4.02M 1.38%
31,408
-57
-0.2% -$6.87K
XP icon
25
XP
XP
$8.96B
$3.17M 1.09%
+195,202
New +$3.48M
1
2

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SC
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SA
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TWA
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YCM
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Matthews International Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Matthews International Capital Management held 38 positions worth $292M, up 18% from $246M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Matthews International Capital Management withdrew a net $18.1M in Q2 2026, closing 6 positions and reducing 17 holdings. Its most notable exit was Futu Holdings, an estimated $9.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Matthews International Capital Management opened a new position in XP worth $3.17M.

  • Matthews International Capital Management's largest Q2 2026 buy was XP: 195,202 shares worth $3.17M.
  • Matthews International Capital Management added most to United Microelectronic in Q2 2026, an estimated $8.34M increase.
  • Matthews International Capital Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $9.14M.
  • Matthews International Capital Management fully exited Futu Holdings in Q2 2026, selling an estimated $9.4M.
  • Matthews International Capital Management's ten largest holdings make up 65% of its $292M portfolio in Q2 2026.
  • Matthews International Capital Management opened 1 new position and closed 6 in Q2 2026.
  • Matthews International Capital Management's portfolio value rose 18% quarter-over-quarter to $292M.

Based on Matthews International Capital Management's 13F filing for Q2 2026, filed 31 Jul 2026.