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MICM
Matthews International Capital Management Portfolio holdings
AUM
$292M
Turnover
18.42%
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
(+18%)
Cap. Flow
-$18.1M
Cap. Flow
% of AUM
-6.2%
Top 10 Holdings %
Top 10 Hldgs %
64.6%
Holding
38
New
1
Increased
12
Reduced
17
Closed
6
Avg Time Held
2.9
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
2.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Microelectronic
UMC
|
+$8.34M |
| 2 |
Full Truck Alliance
YMM
|
+$5.19M |
| 3 |
Atour Lifestyle Holdings
ATAT
|
+$4.69M |
| 4 |
Kingsoft Cloud Holdings
KC
|
+$3.56M |
| 5 |
XP
XP
|
+$3.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Futu Holdings
FUTU
|
+$9.4M |
| 2 |
Micron Technology
MU
|
+$9.14M |
| 3 |
Yum China
YUMC
|
+$8.41M |
| 4 |
Pinduoduo
PDD
|
+$6.23M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
Coupang
CPNG
$26.6B
| $3.08M | 1.06% |
177,538
+1,478
| +0.8% | +$26.7K |
2022 Q2
16 quarters
|
|
27
Grab
GRAB
$12.3B
| $2.02M | 0.69% |
2,079,000
+805,941
| +63% | +$2.94M |
2024 Q3
7 quarters
|
|
28
Vale
VALE
$55.4B
| $2.01M | 0.69% |
133,528
-543
| -0.4% | -$8.85K |
2025 Q4
2 quarters
|
|
29
Baidu
BIDU
$28.1B
| $1.3M | 0.45% |
11,360
-12,003
| -51% | -$1.49M |
2026 Q1
1 quarter
|
|
30
Matthews Korea Active ETF
MKOR
$124M
| $334K | 0.11% |
5,032
| – | – |
2024 Q3
7 quarters
|
|
31
Matthews Asia Dividend Active ETF
ADVE
$8.92M
| $230K | 0.08% |
5,000
| – | – |
2025 Q2
4 quarters
|
|
|
32
Futu Holdings
FUTU
$15.4B
| – | – |
-68,723
| Closed | -$9.4M | – |
|
33
Globant
GLOB
$1.69B
| – | – |
-6,399
| Closed | -$295K | – |
|
34
Sea Limited
SE
$59.7B
| – | – |
-28,621
| Closed | -$2.37M | – |
|
35
SK Telecom
SKM
$12.6B
| – | – |
-3,326
| Closed | -$97.4K | – |
|
36
Trip.com Group
TCOM
$25.1B
| – | – |
-39,529
| Closed | -$1.97M | – |
|
37
AGI Inc
AGBK
$1.16B
| – | – |
-9,564
| Closed | -$69.5K | – |
|
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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.