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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
+7.76%
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
$2.4B
AUM Growth
+$7.64M
Cap. Flow
-$141M
Cap. Flow %
-5.89%
Top 10 Hldgs %
69.92%
Holding
58
New
7
Increased
17
Reduced
15
Closed
9

Top Buys

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$55.7M
2
HTHT icon
Huazhu Hotels Group
HTHT
+$29.8M
3
FUTU icon
Futu Holdings
FUTU
+$24.9M
4
YUMC icon
Yum China
YUMC
+$19.9M
5
LEGN icon
Legend Biotech
LEGN
+$9.8M

Top Sells

Rank Stock Value
1
TAL icon
TAL Education Group
TAL
+$82.1M
2
BILI icon
Bilibili
BILI
+$42M
3
XPEV icon
XPeng
XPEV
+$38.1M
4
BABA icon
Alibaba
BABA
+$16.9M
5
ADCT icon
ADC Therapeutics
ADCT
+$14.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 42.97%
2 Communication Services 24.97%
3 Healthcare 12.84%
4 Technology 12.27%
5 Financials 3.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TERN
26
DELISTED
Terns Pharmaceuticals
TERN
$13.1M 0.55%
1,071,421
– –
AMBR
27
Amber International Holding Ltd
AMBR
$123M
$12M 0.5%
108,910
-80
-0.1% -$9.32K
DQ
28
Daqo New Energy
DQ
$984M
$11.9M 0.5%
183,200
-139,500
-43% -$10M
VNET
29
VNET Group
VNET
$2.14B
$11.8M 0.49%
515,100
+14,500
+3% +$369K
ADAG
30
Adagene
ADAG
$257M
$11.4M 0.47%
838,500
– –
NIU
31
Niu Technologies
NIU
$157M
$10.6M 0.44%
325,602
-6,200
-2% -$207K
TPTX
32
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$10.6M 0.44%
135,900
– –
CD
33
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
$10.1M 0.42%
672,400
-785,600
-54% -$11.8M
YMM icon
34
Full Truck Alliance
YMM
$9.7B
$4.64M 0.19%
+227,800
New +$4.48M
OZON
35
DELISTED
Ozon Holdings PLC American Depositary Shares, each ADS representing one ordinary share
OZON
$3.85M 0.16%
+65,700
New +$3.82M
MU icon
36
Micron Technology
MU
$981B
$3.37M 0.14%
39,600
+10,100
+34% +$853K
BZ icon
37
Kanzhun
BZ
$7.49B
$2.1M 0.09%
+53,000
New +$2.04M
PAQC
38
DELISTED
Provident Acquisition Corp. Class A Ordinary Shares
PAQC
$1.5M 0.06%
150,000
– –
HDB icon
39
HDFC Bank
HDB
$120B
$1.48M 0.06%
40,400
+16,200
+67% +$593K
VALE icon
40
Vale
VALE
$60.9B
$1.32M 0.06%
58,100
+2,900
+5% +$60.6K
INFY icon
41
Infosys
INFY
$51B
$1.29M 0.05%
61,100
+7,700
+14% +$147K
NICE icon
42
Nice
NICE
$5.95B
$1.04M 0.04%
+4,200
New +$967K
EDU icon
43
New Oriental
EDU
$8.84B
$951K 0.04%
11,610
-55,490
-83% -$6.73M
ASR icon
44
Grupo Aeroportuario del Sureste
ASR
$8.15B
$925K 0.04%
5,000
+400
+9% +$72.4K
BBD icon
45
Banco Bradesco
BBD
$35B
$703K 0.03%
150,733
+28,039
+23% +$122K
DLO icon
46
dLocal
DLO
$4.15B
$213K 0.01%
+4,047
New +$156K
ADCT icon
47
ADC Therapeutics
ADCT
$150M
– –
-607,800
Closed -$14.8M
BAP icon
48
Credicorp
BAP
$30B
– –
-4,700
Closed -$642K
EH
49
EHang Holdings
EH
$438M
– –
-219,000
Closed -$8.11M
PAGS icon
50
PagSeguro Digital
PAGS
$2.48B
– –
-10,300
Closed -$477K
1
2
3

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Matthews International Capital Management's Q2 2021 Portfolio in Review

As of Q2 2021, Matthews International Capital Management held 58 positions worth $2.4B, up 0.32% from $2.39B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Matthews International Capital Management withdrew a net $141M in Q2 2021, closing 9 positions and reducing 15 holdings. Its most notable exit was TAL Education Group, an estimated $82.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 41% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Huazhu Hotels Group worth $27.9M.

  • Matthews International Capital Management's largest Q2 2021 buy was Huazhu Hotels Group: 528,700 shares worth $27.9M.
  • Matthews International Capital Management added most to Baidu in Q2 2021, an estimated $55.7M increase.
  • Matthews International Capital Management's biggest Q2 2021 reduction was Bilibili, cutting an estimated $42M.
  • Matthews International Capital Management fully exited TAL Education Group in Q2 2021, selling an estimated $82.1M.
  • Matthews International Capital Management's ten largest holdings make up 70% of its $2.4B portfolio in Q2 2021.
  • Matthews International Capital Management opened 7 new positions and closed 9 in Q2 2021.
  • Matthews International Capital Management's portfolio value rose 0.32% quarter-over-quarter to $2.4B.

Based on Matthews International Capital Management's 13F filing for Q2 2021, filed 10 Aug 2021.