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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
-2.38%
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
$854M
AUM Growth
-$149M
Cap. Flow
-$88.3M
Cap. Flow %
-10.35%
Top 10 Hldgs %
72.63%
Holding
51
New
8
Increased
18
Reduced
18
Closed
6

Top Buys

Rank Stock Value
1
ASML icon
ASML
ASML
+$17.7M
2
BABA icon
Alibaba
BABA
+$16.8M
3
NVDA icon
NVIDIA
NVDA
+$15.9M
4
TSM icon
TSMC
TSM
+$13.7M
5
NFLX icon
Netflix
NFLX
+$10.4M

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$67.2M
2
AVGO icon
Broadcom
AVGO
+$24.3M
3
HTHT icon
Huazhu Hotels Group
HTHT
+$22.7M
4
JD icon
JD.com
JD
+$14.6M
5
GRAB icon
Grab
GRAB
+$14.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 40.59%
2 Technology 22.34%
3 Healthcare 12.38%
4 Real Estate 12.38%
5 Communication Services 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALGM icon
26
Allegro MicroSystems
ALGM
$8.02B
$6.65M 0.78%
+147,339
New +$5.97M
LULU icon
27
lululemon athletica
LULU
$13.8B
$6.25M 0.73%
+16,520
New +$6.1M
STAA icon
28
STAAR Surgical
STAA
$1.26B
$5.36M 0.63%
101,938
-18,927
-16% -$1.15M
LRCX icon
29
Lam Research
LRCX
$411B
$5.08M 0.59%
78,980
+11,590
+17% +$653K
MLCO icon
30
Melco Resorts & Entertainment
MLCO
$2.15B
$4.2M 0.49%
344,090
-46,732
-12% -$578K
ZTO icon
31
ZTO Express
ZTO
$17.5B
$4.1M 0.48%
163,438
-16,021
-9% -$441K
BILI icon
32
Bilibili
BILI
$7.29B
$4.07M 0.48%
269,675
-394,493
-59% -$7.24M
HDB icon
33
HDFC Bank
HDB
$119B
$2.96M 0.35%
84,966
+28,006
+49% +$944K
IBN icon
34
ICICI Bank
IBN
$107B
$2.18M 0.26%
94,395
+25,168
+36% +$569K
NU icon
35
Nu Holdings
NU
$65.1B
$1.87M 0.22%
237,640
– –
INFY icon
36
Infosys
INFY
$49.3B
$1.87M 0.22%
116,396
+38,139
+49% +$596K
TTE icon
37
TotalEnergies
TTE
$194B
$1.87M 0.22%
32,385
+20,027
+162% +$1.21M
AMAT icon
38
Applied Materials
AMAT
$438B
$1.61M 0.19%
11,135
+3,556
+47% +$445K
CPNG icon
39
Coupang
CPNG
$29.7B
$1.51M 0.18%
86,555
-747,465
-90% -$12.2M
GLOB icon
40
Globant
GLOB
$1.64B
$1.44M 0.17%
8,002
+2,568
+47% +$421K
VINP icon
41
Vinci Compass Investments Ltd
VINP
$619M
$1.25M 0.15%
133,709
+38,892
+41% +$330K
ASR icon
42
Grupo Aeroportuario del Sureste
ASR
$8.19B
$1.22M 0.14%
4,385
+939
+27% +$271K
VALE icon
43
Vale
VALE
$61.8B
$1.12M 0.13%
83,510
+32,128
+63% +$455K
FCX icon
44
Freeport-McMoran
FCX
$96.8B
$853K 0.1%
21,321
+8,806
+70% +$336K
TDCX
45
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
$309K 0.04%
39,070
-78,806
-67% -$649K
CTSH icon
46
Cognizant
CTSH
$26B
– –
-65,862
Closed -$4.01M
EE icon
47
Excelerate Energy
EE
$1.13B
– –
-30,374
Closed -$672K
GRAB icon
48
Grab
GRAB
$14.8B
– –
-4,732,480
Closed -$14.2M
JD icon
49
JD.com
JD
$42.3B
– –
-333,071
Closed -$14.6M
META icon
50
Meta Platforms (Facebook)
META
$1.48T
– –
-36,851
Closed -$7.81M
1
2
3

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Matthews International Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Matthews International Capital Management held 51 positions worth $854M, down 15% from $1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Matthews International Capital Management withdrew a net $88.3M in Q2 2023, closing 6 positions and reducing 18 holdings. Its most notable exit was JD.com, an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 51% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in ASML worth $18.8M.

  • Matthews International Capital Management's largest Q2 2023 buy was ASML: 25,993 shares worth $18.8M.
  • Matthews International Capital Management added most to Alibaba in Q2 2023, an estimated $16.8M increase.
  • Matthews International Capital Management's biggest Q2 2023 reduction was Pinduoduo, cutting an estimated $67.2M.
  • Matthews International Capital Management fully exited JD.com in Q2 2023, selling an estimated $14.6M.
  • Matthews International Capital Management's ten largest holdings make up 73% of its $854M portfolio in Q2 2023.
  • Matthews International Capital Management opened 8 new positions and closed 6 in Q2 2023.
  • Matthews International Capital Management's portfolio value fell 15% quarter-over-quarter to $854M.

Based on Matthews International Capital Management's 13F filing for Q2 2023, filed 10 Aug 2023.