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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
+6.42%
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
$827M
AUM Growth
-$26.8M
Cap. Flow
-$53.4M
Cap. Flow %
-6.46%
Top 10 Hldgs %
80.09%
Holding
47
New
2
Increased
20
Reduced
16
Closed
9

Top Buys

Rank Stock Value
1
YMM icon
Full Truck Alliance
YMM
+$18.1M
2
TME icon
Tencent Music
TME
+$13.8M
3
BEKE icon
KE Holdings
BEKE
+$13.6M
4
MNSO icon
MINISO
MNSO
+$12.5M
5
ZH
Zhihu
ZH
+$12.2M

Top Sells

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$18M
2
TSM icon
TSMC
TSM
+$17M
3
ONC
BeOne Medicines Ltd
ONC
+$13.2M
4
NVDA icon
NVIDIA
NVDA
+$12.6M
5
NFLX icon
Netflix
NFLX
+$12.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 43.37%
2 Technology 19.16%
3 Real Estate 14.96%
4 Healthcare 10.46%
5 Communication Services 9.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBN icon
26
ICICI Bank
IBN
$107B
$2.4M 0.29%
103,814
+9,419
+10% +$222K
TTE icon
27
TotalEnergies
TTE
$194B
$2.4M 0.29%
36,428
+4,043
+12% +$250K
INFY icon
28
Infosys
INFY
$49.7B
$2.24M 0.27%
131,028
+14,632
+13% +$250K
GLOB icon
29
Globant
GLOB
$1.67B
$1.85M 0.22%
9,366
+1,364
+17% +$256K
AMAT icon
30
Applied Materials
AMAT
$435B
$1.74M 0.21%
12,573
+1,438
+13% +$206K
HTHT icon
31
Huazhu Hotels Group
HTHT
$12.7B
$1.62M 0.2%
41,114
-272,119
-87% -$11.5M
NU icon
32
Nu Holdings
NU
$65.5B
$1.54M 0.19%
212,537
-25,103
-11% -$188K
VINP icon
33
Vinci Compass Investments Ltd
VINP
$626M
$1.47M 0.18%
144,334
+10,625
+8% +$107K
CPNG icon
34
Coupang
CPNG
$29.3B
$1.4M 0.17%
82,332
-4,223
-5% -$75.9K
ASR icon
35
Grupo Aeroportuario del Sureste
ASR
$8.24B
$1.22M 0.15%
4,970
+585
+13% +$158K
VALE icon
36
Vale
VALE
$61.4B
$1.22M 0.15%
90,939
+7,429
+9% +$101K
FCX icon
37
Freeport-McMoran
FCX
$96.9B
$923K 0.11%
24,754
+3,433
+16% +$138K
SKM icon
38
SK Telecom
SKM
$13.5B
$30K ﹤0.01%
+1,397
New +$28K
ALGM icon
39
Allegro MicroSystems
ALGM
$7.92B
– –
-147,339
Closed -$6.65M
BILI icon
40
Bilibili
BILI
$7.37B
– –
-269,675
Closed -$4.07M
LULU icon
41
lululemon athletica
LULU
$13.7B
– –
-16,520
Closed -$6.25M
MELI icon
42
Mercado Libre
MELI
$92.7B
– –
-6,397
Closed -$7.58M
MPWR icon
43
Monolithic Power Systems
MPWR
$70B
– –
-13,982
Closed -$7.55M
NFLX icon
44
Netflix
NFLX
$309B
– –
-283,520
Closed -$12.5M
STAA icon
45
STAAR Surgical
STAA
$1.27B
– –
-101,938
Closed -$5.36M
V icon
46
Visa
V
$671B
– –
-43,939
Closed -$10.4M
TDCX
47
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
– –
-39,070
Closed -$309K
1
2

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OCM
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ECM
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Matthews International Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Matthews International Capital Management held 47 positions worth $827M, down 3.1% from $854M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Matthews International Capital Management withdrew a net $53.4M in Q3 2023, closing 9 positions and reducing 16 holdings. Its most notable exit was Netflix, an estimated $12.5M 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 Technology and Real Estate.

Against the trend, Matthews International Capital Management opened a new position in MINISO worth $14.5M.

  • Matthews International Capital Management's largest Q3 2023 buy was MINISO: 559,946 shares worth $14.5M.
  • Matthews International Capital Management added most to Full Truck Alliance in Q3 2023, an estimated $18.1M increase.
  • Matthews International Capital Management's biggest Q3 2023 reduction was Yum China, cutting an estimated $18M.
  • Matthews International Capital Management fully exited Netflix in Q3 2023, selling an estimated $12.5M.
  • Matthews International Capital Management's ten largest holdings make up 80% of its $827M portfolio in Q3 2023.
  • Matthews International Capital Management opened 2 new positions and closed 9 in Q3 2023.
  • Matthews International Capital Management's portfolio value fell 3.1% quarter-over-quarter to $827M.

Based on Matthews International Capital Management's 13F filing for Q3 2023, filed 27 Oct 2023.