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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
-5.66%
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
$1.94B
AUM Growth
-$494M
Cap. Flow
-$345M
Cap. Flow %
-17.8%
Top 10 Hldgs %
82.91%
Holding
45
New
3
Increased
11
Reduced
19
Closed
7

Top Buys

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$48.6M
2
HSBC icon
HSBC
HSBC
+$31.1M
3
TARO
Taro Pharmaceutical Industries Ltd.
TARO
+$11.1M
4
BZUN
Baozun
BZUN
+$7.43M
5
MJN
Mead Johnson Nutrition Company
MJN
+$5.75M

Top Sells

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$133M
2
QCOM icon
Qualcomm
QCOM
+$129M
3
TLK icon
Telkom Indonesia
TLK
+$56.2M
4
TSM icon
TSMC
TSM
+$27.6M
5
CHL
China Mobile Limited
CHL
+$17M

Sector Composition

Rank Sector Weight
1 Communication Services 29.79%
2 Consumer Discretionary 18.88%
3 Technology 18.39%
4 Healthcare 7.97%
5 Financials 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKM icon
26
SK Telecom
SKM
$12.9B
$2.75M 0.14%
79,942
-5,827
-7% -$207K
CBPO
27
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$2.61M 0.13%
24,300
-11,300
-32% -$1.32M
TAL icon
28
TAL Education Group
TAL
$6.75B
$2.38M 0.12%
203,400
-27,600
-12% -$337K
CYD icon
29
China Yuchai International
CYD
$1.75B
$1.61M 0.08%
+116,805
New +$1.41M
KT icon
30
KT
KT
$8.83B
$1.58M 0.08%
112,200
-15,200
-12% -$229K
HCM icon
31
HUTCHMED
HCM
$2.17B
$1.38M 0.07%
+101,429
New +$1.3M
GSH
32
DELISTED
Guangshen Railway Co. Ltd
GSH
$444K 0.02%
14,700
– –
JOBS
33
DELISTED
51job Inc
JOBS
$410K 0.02%
12,124
-1,600
-12% -$53.7K
TOUR
34
Tuniu
TOUR
$56.1M
$389K 0.02%
4,450
-400
-8% -$36.4K
GSUM
35
DELISTED
Gridsum Holding Inc.
GSUM
$159K 0.01%
15,600
+600
+4% +$8.73K
EDU icon
36
New Oriental
EDU
$8.84B
– –
-61,400
Closed -$2.85M
SOHU
37
Sohu.com
SOHU
$371M
– –
-5,600
Closed -$248K
VIPS icon
38
Vipshop
VIPS
$7.2B
– –
-798,829
Closed -$11.7M
WB icon
39
Weibo
WB
$1.93B
– –
-20,980
Closed -$1.05M
BITA
40
DELISTED
Bitauto Holdings Limited
BITA
– –
-306,400
Closed -$8.91M
WUBA
41
DELISTED
58.com Inc
WUBA
– –
-45,000
Closed -$2.15M
ZPIN
42
DELISTED
Zhaopin Limited
ZPIN
– –
-141,763
Closed -$2.13M
1
2

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DIGDR
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PPC
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BCM
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DP
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NC
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Matthews International Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Matthews International Capital Management held 45 positions worth $1.94B, down 20% from $2.43B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Matthews International Capital Management withdrew a net $345M in Q4 2016, closing 7 positions and reducing 19 holdings. Its most notable exit was Vipshop, an estimated $11.7M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 30% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Matthews International Capital Management opened a new position in Yum China worth $46.7M.

  • Matthews International Capital Management's largest Q4 2016 buy was Yum China: 1,786,510 shares worth $46.7M.
  • Matthews International Capital Management added most to HSBC in Q4 2016, an estimated $31.1M increase.
  • Matthews International Capital Management's biggest Q4 2016 reduction was Yum! Brands, cutting an estimated $133M.
  • Matthews International Capital Management fully exited Vipshop in Q4 2016, selling an estimated $11.7M.
  • Matthews International Capital Management's ten largest holdings make up 83% of its $1.94B portfolio in Q4 2016.
  • Matthews International Capital Management opened 3 new positions and closed 7 in Q4 2016.
  • Matthews International Capital Management's portfolio value fell 20% quarter-over-quarter to $1.94B.

Based on Matthews International Capital Management's 13F filing for Q4 2016, filed 10 Feb 2017.