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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
-8.83%
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
$1.65B
AUM Growth
-$752M
Cap. Flow
-$481M
Cap. Flow %
-29.18%
Top 10 Hldgs %
75.34%
Holding
55
New
6
Increased
12
Reduced
15
Closed
14

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$57.4M
2
ABNB icon
Airbnb
ABNB
+$36.9M
3
ASML icon
ASML
ASML
+$33.5M
4
ACMR icon
ACM Research
ACMR
+$28.1M
5
XPEV icon
XPeng
XPEV
+$14.9M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$197M
2
TCOM icon
Trip.com Group
TCOM
+$64.7M
3
JD icon
JD.com
JD
+$50.3M
4
ZLAB icon
Zai Lab
ZLAB
+$46.2M
5
SE icon
Sea Limited
SE
+$45.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 53.73%
2 Technology 15.74%
3 Healthcare 14.81%
4 Communication Services 11.44%
5 Financials 2.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OZON
26
DELISTED
Ozon Holdings PLC American Depositary Shares, each ADS representing one ordinary share
OZON
$4.54M 0.28%
90,000
+24,300
+37% +$1.28M
MU icon
27
Micron Technology
MU
$1.03T
$3.36M 0.2%
47,300
+7,700
+19% +$578K
YMM icon
28
Full Truck Alliance
YMM
$9.62B
$2.62M 0.16%
171,200
-56,600
-25% -$833K
INFY icon
29
Infosys
INFY
$49.7B
$1.43M 0.09%
64,400
+3,300
+5% +$74.6K
HDB icon
30
HDFC Bank
HDB
$119B
$1.4M 0.08%
38,200
-2,200
-5% -$81.6K
NICE icon
31
Nice
NICE
$5.78B
$1.31M 0.08%
4,600
+400
+10% +$111K
VALE icon
32
Vale
VALE
$61.4B
$993K 0.06%
71,200
+13,100
+23% +$257K
ASR icon
33
Grupo Aeroportuario del Sureste
ASR
$8.24B
$935K 0.06%
5,000
– –
GLOB icon
34
Globant
GLOB
$1.67B
$534K 0.03%
+1,900
New +$521K
EDU icon
35
New Oriental
EDU
$8.49B
$461K 0.03%
22,470
+10,860
+94% +$345K
MELI icon
36
Mercado Libre
MELI
$92.7B
$336K 0.02%
+200
New +$346K
PAQC
37
DELISTED
Provident Acquisition Corp. Class A Ordinary Shares
PAQC
$170K 0.01%
17,000
-133,000
-89% -$1.29M
NIU
38
Niu Technologies
NIU
$162M
$58K ﹤0.01%
2,500
-323,102
-99% -$8.61M
BBD icon
39
Banco Bradesco
BBD
$34.9B
– –
-150,733
Closed -$703K
BIDU icon
40
Baidu
BIDU
$35.6B
– –
-967,200
Closed -$197M
BZ icon
41
Kanzhun
BZ
$7.19B
– –
-53,000
Closed -$2.1M
BZUN
42
Baozun
BZUN
$164M
– –
-1,115,600
Closed -$39.5M
DLO icon
43
dLocal
DLO
$4.2B
– –
-4,047
Closed -$213K
DQ
44
Daqo New Energy
DQ
$988M
– –
-183,200
Closed -$11.9M
KC
45
Kingsoft Cloud Holdings
KC
$3.52B
– –
-475,100
Closed -$16.1M
TCOM icon
46
Trip.com Group
TCOM
$28.7B
– –
-1,823,862
Closed -$64.7M
TUYA
47
Tuya Inc
TUYA
$1.1B
– –
-1,361,912
Closed -$33.4M
VNET
48
VNET Group
VNET
$2.11B
– –
-515,100
Closed -$11.8M
YSG
49
Yatsen Holding
YSG
$315M
– –
-572,060
Closed -$26.8M
ZLAB icon
50
Zai Lab
ZLAB
$2.86B
– –
-261,000
Closed -$46.2M
1
2
3

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EPIME
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OCM
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Matthews International Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Matthews International Capital Management held 55 positions worth $1.65B, down 31% from $2.4B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Matthews International Capital Management withdrew a net $481M in Q3 2021, closing 14 positions and reducing 15 holdings. Its most notable exit was Baidu, an estimated $197M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 54% of assets, up from 43% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Pinduoduo worth $53.5M.

  • Matthews International Capital Management's largest Q3 2021 buy was Pinduoduo: 590,400 shares worth $53.5M.
  • Matthews International Capital Management added most to XPeng in Q3 2021, an estimated $14.9M increase.
  • Matthews International Capital Management's biggest Q3 2021 reduction was JD.com, cutting an estimated $50.3M.
  • Matthews International Capital Management fully exited Baidu in Q3 2021, selling an estimated $197M.
  • Matthews International Capital Management's ten largest holdings make up 75% of its $1.65B portfolio in Q3 2021.
  • Matthews International Capital Management opened 6 new positions and closed 14 in Q3 2021.
  • Matthews International Capital Management's portfolio value fell 31% quarter-over-quarter to $1.65B.

Based on Matthews International Capital Management's 13F filing for Q3 2021, filed 8 Nov 2021.