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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
+38.12%
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
$1.29B
AUM Growth
-$268M
(-17%)
Cap. Flow
-$610M
Cap. Flow
% of AUM
-47.41%
Top 10 Holdings %
Top 10 Hldgs %
71.56%
Holding
42
New
8
Increased
9
Reduced
13
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNR
Burning Rock Biotech
BNR
|
+$49.7M |
| 2 |
Legend Biotech
LEGN
|
+$46.8M |
| 3 |
KC
Kingsoft Cloud Holdings
KC
|
+$25.2M |
| 4 |
Tencent Music
TME
|
+$13.7M |
| 5 |
Bilibili
BILI
|
+$12.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$565M |
| 2 |
Yum China
YUMC
|
+$37.8M |
| 3 |
Cognizant
CTSH
|
+$24.9M |
| 4 |
Autohome
ATHM
|
+$21.6M |
| 5 |
Melco Resorts & Entertainment
MLCO
|
+$21.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 38.77% |
| 2 | Communication Services | 23.06% |
| 3 | Healthcare | 19.44% |
| 4 | Technology | 12.16% |
| 5 | Consumer Staples | 4.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
NextCure
NXTC
$36.1M
| $5.43M | 0.42% |
21,108
+11,108
| +111% | +$4.23M |
|
27
Zymeworks
ZYME
$1.77B
| $4.68M | 0.36% |
129,700
| – | – |
|
28
Revolution Medicines
RVMD
$43.9B
| $2.95M | 0.23% |
+93,307
| New | +$2.93M |
|
29
STAAR Surgical
STAA
$1.28B
| $1.01M | 0.08% |
16,400
-4,700
| -22% | -$192K |
|
30
Micron Technology
MU
$1.04T
| $737K | 0.06% |
14,300
-300
| -2% | -$14.1K |
|
31
Universal Display
OLED
$4.25B
| $269K | 0.02% |
+1,800
| New | +$264K |
|
32
Applied Materials
AMAT
$437B
| $236K | 0.02% |
3,900
-5,500
| -59% | -$297K |
|
33
Vale
VALE
$61.5B
| $115K | 0.01% |
+11,200
| New | +$102K |
|
|
34
Autohome
ATHM
$2.64B
| – | – |
-303,600
| Closed | -$21.6M |
|
|
35
Cognizant
CTSH
$26.1B
| – | – |
-535,600
| Closed | -$24.9M |
|
36
HSBC
HSBC
$358B
| – | – |
-715,337
| Closed | -$20M |
|
37
Huazhu Hotels Group
HTHT
$12.7B
| – | – |
-319,080
| Closed | -$9.17M |
|
|
38
Melco Resorts & Entertainment
MLCO
$2.14B
| – | – |
-1,707,693
| Closed | -$21.2M |
|
|
MOMO
39
Hello Group
MOMO
$866M
| – | – |
-334,758
| Closed | -$7.26M |
|
40
Telkom Indonesia
TLK
$14.4B
| – | – |
-887,859
| Closed | -$17.1M |
|
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Matthews International Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Matthews International Capital Management held 42 positions worth $1.29B, down 17% from $1.55B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Matthews International Capital Management withdrew a net $610M in Q2 2020, closing 7 positions and reducing 13 holdings. Its most notable exit was Cognizant, an estimated $24.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, down from 64% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Matthews International Capital Management opened a new position in Burning Rock Biotech worth $49M.
- Matthews International Capital Management's largest Q2 2020 buy was Burning Rock Biotech: 181,257 shares worth $49M.
- Matthews International Capital Management added most to Tencent Music in Q2 2020, an estimated $13.7M increase.
- Matthews International Capital Management's biggest Q2 2020 reduction was Alibaba, cutting an estimated $565M.
- Matthews International Capital Management fully exited Cognizant in Q2 2020, selling an estimated $24.9M.
- Matthews International Capital Management's ten largest holdings make up 72% of its $1.29B portfolio in Q2 2020.
- Matthews International Capital Management opened 8 new positions and closed 7 in Q2 2020.
- Matthews International Capital Management's portfolio value fell 17% quarter-over-quarter to $1.29B.
Based on Matthews International Capital Management's 13F filing for Q2 2020, filed 29 Jul 2020.