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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
-11.38%
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
$958M
AUM Growth
-$692M
Cap. Flow
-$531M
Cap. Flow %
-55.45%
Top 10 Hldgs %
78.95%
Holding
47
New
5
Increased
5
Reduced
23
Closed
9

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$23.1M
2
TEAM icon
Atlassian
TEAM
+$23.1M
3
YMM icon
Full Truck Alliance
YMM
+$4.8M
4
HTHT icon
Huazhu Hotels Group
HTHT
+$3.6M
5
TDCX
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
+$2.88M

Top Sells

Rank Stock Value
1
BILI icon
Bilibili
BILI
+$124M
2
SE icon
Sea Limited
SE
+$118M
3
XPEV icon
XPeng
XPEV
+$93.6M
4
MNSO icon
MINISO
MNSO
+$42.5M
5
TSM icon
TSMC
TSM
+$42.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 52.26%
2 Technology 23.1%
3 Healthcare 14.64%
4 Communication Services 6.13%
5 Real Estate 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
26
HDFC Bank
HDB
$119B
$1.35M 0.14%
41,600
+3,400
+9% +$119K
NICE icon
27
Nice
NICE
$5.79B
$1.06M 0.11%
3,500
-1,100
-24% -$318K
LRCX icon
28
Lam Research
LRCX
$408B
$863K 0.09%
+12,000
New +$752K
VALE icon
29
Vale
VALE
$61.5B
$806K 0.08%
57,500
-13,700
-19% -$182K
ASR icon
30
Grupo Aeroportuario del Sureste
ASR
$8.22B
$701K 0.07%
3,400
-1,600
-32% -$316K
GLOB icon
31
Globant
GLOB
$1.65B
$597K 0.06%
1,900
– –
IBN icon
32
ICICI Bank
IBN
$107B
$584K 0.06%
+29,500
New +$583K
PBR icon
33
Petrobras
PBR
$115B
$511K 0.05%
+46,500
New +$491K
EDU icon
34
New Oriental
EDU
$8.5B
$424K 0.04%
20,180
-2,290
-10% -$49.4K
ASML icon
35
ASML
ASML
$698B
– –
-42,600
Closed -$31.7M
FUTU icon
36
Futu Holdings
FUTU
$14.7B
– –
-171,000
Closed -$15.6M
MELI icon
37
Mercado Libre
MELI
$94B
– –
-200
Closed -$336K
MNSO icon
38
MINISO
MNSO
$3.55B
– –
-2,790,700
Closed -$42.5M
NIU
39
Niu Technologies
NIU
$163M
– –
-2,500
Closed -$58K
TERN
40
DELISTED
Terns Pharmaceuticals
TERN
– –
-875,068
Closed -$9.12M
XPEV icon
41
XPeng
XPEV
$11.2B
– –
-2,634,133
Closed -$93.6M
PAQC
42
DELISTED
Provident Acquisition Corp. Class A Ordinary Shares
PAQC
– –
-17,000
Closed -$170K
OZON
43
DELISTED
Ozon Holdings PLC American Depositary Shares, each ADS representing one ordinary share
OZON
– –
-90,000
Closed -$4.54M
1
2

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Matthews International Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Matthews International Capital Management held 47 positions worth $958M, down 42% from $1.65B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Matthews International Capital Management withdrew a net $531M in Q4 2021, closing 9 positions and reducing 23 holdings. Its most notable exit was XPeng, an estimated $93.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 52% of assets, down from 54% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Atlassian worth $21.9M.

  • Matthews International Capital Management's largest Q4 2021 buy was Atlassian: 57,400 shares worth $21.9M.
  • Matthews International Capital Management added most to Pinduoduo in Q4 2021, an estimated $23.1M increase.
  • Matthews International Capital Management's biggest Q4 2021 reduction was Bilibili, cutting an estimated $124M.
  • Matthews International Capital Management fully exited XPeng in Q4 2021, selling an estimated $93.6M.
  • Matthews International Capital Management's ten largest holdings make up 79% of its $958M portfolio in Q4 2021.
  • Matthews International Capital Management opened 5 new positions and closed 9 in Q4 2021.
  • Matthews International Capital Management's portfolio value fell 42% quarter-over-quarter to $958M.

Based on Matthews International Capital Management's 13F filing for Q4 2021, filed 2 Feb 2022.