We are live on ! Find out more
MICM

Matthews International Capital Management Portfolio holdings

AUM $246M
1-Year Est. Return 10.45%
This Fund
S&P 500
This Quarter Est. Return
-0.05%
1 Year Est. Return
+10.45%
3 Year Est. Return
+90.66%
5 Year Est. Return
+83.31%
10 Year Est. Return
+583.63%
AUM
$246M
AUM Growth
-$82.9M
Cap. Flow
-$48.2M
Cap. Flow %
-19.57%
Top 10 Hldgs %
58.1%
Holding
47
New
7
Increased
13
Reduced
14
Closed
10

Top Buys

1
YUMC icon
Yum China
YUMC
+$12.6M
2
CYD icon
China Yuchai International
CYD
+$11.7M
3
TSM icon
TSMC
TSM
+$10.2M
4
UMC icon
United Microelectronic
UMC
+$9.54M
5
FCX icon
Freeport-McMoran
FCX
+$4.87M

Top Sells

1
PDD icon
Pinduoduo
PDD
+$18M
2
SE icon
Sea Limited
SE
+$16.1M
3
TCOM icon
Trip.com Group
TCOM
+$13.5M
4
FUTU icon
Futu Holdings
FUTU
+$12.8M
5
MMYT icon
MakeMyTrip
MMYT
+$10.4M

Sector Composition

1 Consumer Discretionary 30.67%
2 Technology 24.85%
3 Financials 20.79%
4 Healthcare 6.8%
5 Communication Services 4.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KC
26
Kingsoft Cloud Holdings
KC
$2.86B
$2.94M 1.19%
+220,379
New +$2.88M
BIDU icon
27
Baidu
BIDU
$36.5B
$2.6M 1.06%
+23,363
New +$3.17M
SE icon
28
Sea Limited
SE
$63.7B
$2.37M 0.96%
28,621
-150,620
-84% -$16.1M
YMM icon
29
Full Truck Alliance
YMM
$9.48B
$2.14M 0.87%
257,827
-1,038,362
-80% -$9.88M
VALE icon
30
Vale
VALE
$60.4B
$2.13M 0.87%
134,071
+1,639
+1% +$25.6K
TCOM icon
31
Trip.com Group
TCOM
$26.7B
$1.97M 0.8%
39,529
-231,813
-85% -$13.5M
GLOB icon
32
Globant
GLOB
$1.39B
$295K 0.12%
6,399
+480
+8% +$26.5K
MKOR icon
33
Matthews Korea Active ETF
MKOR
$130M
$220K 0.09%
5,032
– –
ADVE icon
34
Matthews Asia Dividend Active ETF
ADVE
$8.98M
$208K 0.08%
5,000
– –
SKM icon
35
SK Telecom
SKM
$11.8B
$97.4K 0.04%
3,326
+835
+34% +$23K
AGBK
36
AGI Inc
AGBK
$1.11B
$69.5K 0.03%
+9,564
New +$97.1K
BEKE icon
37
KE Holdings
BEKE
$19.3B
– –
-269,393
Closed -$4.25M
KSPI icon
38
Kaspi.kz JSC
KSPI
$16.7B
– –
-2,762
Closed -$216K
MMYT icon
39
MakeMyTrip
MMYT
$5.18B
– –
-126,471
Closed -$10.4M
NTES icon
40
NetEase
NTES
$84.1B
– –
-23,901
Closed -$3.29M
TME icon
41
Tencent Music
TME
$14.9B
– –
-238,068
Closed -$4.17M
TUYA
42
Tuya Inc
TUYA
$1.07B
– –
-8,553
Closed -$18K
XP icon
43
XP
XP
$8.61B
– –
-101,999
Closed -$1.67M
ZH
44
Zhihu
ZH
$273M
– –
-2,371,187
Closed -$7.78M
ZTO icon
45
ZTO Express
ZTO
$18.2B
– –
-70,800
Closed -$1.48M
CHA
46
Chagee Holdings Ltd
CHA
$2.16B
– –
-698
Closed -$8.12K
1
2

Similar funds

ZEP
Zeno Equity Partners London, United Kingdom $246M AUM 5.07% 1-Year Est. Return
FPW
Flagship Private Wealth Woburn, Massachusetts $246M AUM 15.53% 1-Year Est. Return
IAM
Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return
VWA
Valued Wealth Advisors Holladay, Utah $247M AUM 21.93% 1-Year Est. Return
FA
FF Advisors Manhattan Beach, California $247M AUM 16.55% 1-Year Est. Return
DB
Dravo Bay Rehoboth Beach, Delaware $246M AUM 15.09% 1-Year Est. Return
HWA
Hillcrest Wealth Advisors Hazlet, New Jersey $247M AUM 16.68% 1-Year Est. Return
RC
Resolute Capital Greenville, South Carolina $247M AUM

Matthews International Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Matthews International Capital Management held 47 positions worth $246M, down 25% from $329M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Matthews International Capital Management withdrew a net $48.2M in Q1 2026, closing 10 positions and reducing 14 holdings. Its most notable exit was MakeMyTrip, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 39% a quarter earlier, followed by Technology and Financials.

Against the trend, Matthews International Capital Management opened a new position in United Microelectronic worth $8.78M.

  • Matthews International Capital Management's largest Q1 2026 buy was United Microelectronic: 977,645 shares worth $8.78M.
  • Matthews International Capital Management added most to Yum China in Q1 2026, an estimated $12.6M increase.
  • Matthews International Capital Management's biggest Q1 2026 reduction was Pinduoduo, cutting an estimated $18M.
  • Matthews International Capital Management fully exited MakeMyTrip in Q1 2026, selling an estimated $10.4M.
  • Matthews International Capital Management's ten largest holdings make up 58% of its $246M portfolio in Q1 2026.
  • Matthews International Capital Management opened 7 new positions and closed 10 in Q1 2026.
  • Matthews International Capital Management's portfolio value fell 25% quarter-over-quarter to $246M.

Based on Matthews International Capital Management's 13F filing for Q1 2026, filed 4 May 2026.