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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
+9.83%
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
$712M
AUM Growth
-$115M
(-14%)
Cap. Flow
-$146M
Cap. Flow
% of AUM
-20.46%
Top 10 Holdings %
Top 10 Hldgs %
78.77%
Holding
39
New
1
Increased
9
Reduced
26
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kanzhun
BZ
|
+$20.6M |
| 2 |
NVIDIA
NVDA
|
+$11.5M |
| 3 |
Applied Materials
AMAT
|
+$8.86M |
| 4 |
Tencent Music
TME
|
+$8.52M |
| 5 |
ZH
Zhihu
ZH
|
+$5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$47M |
| 2 |
Yum China
YUMC
|
+$34.2M |
| 3 |
KE Holdings
BEKE
|
+$27.8M |
| 4 |
Alibaba
BABA
|
+$21.6M |
| 5 |
Legend Biotech
LEGN
|
+$19.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.81% |
| 2 | Technology | 25.63% |
| 3 | Communication Services | 16.05% |
| 4 | Real Estate | 14.05% |
| 5 | Healthcare | 7.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
New Oriental
EDU
$8.49B
| $3.45M | 0.48% |
+47,043
| New | +$3.26M |
|
27
ZTO Express
ZTO
$17.6B
| $2.55M | 0.36% |
119,870
-15,572
| -11% | -$354K |
|
28
Infosys
INFY
$49.7B
| $2.26M | 0.32% |
122,824
-8,204
| -6% | -$143K |
|
29
TotalEnergies
TTE
$194B
| $2.17M | 0.3% |
32,136
-4,292
| -12% | -$286K |
|
30
Globant
GLOB
$1.67B
| $2.05M | 0.29% |
8,614
-752
| -8% | -$154K |
|
31
Vinci Compass Investments Ltd
VINP
$626M
| $1.35M | 0.19% |
122,918
-21,416
| -15% | -$221K |
|
32
Vale
VALE
$61.4B
| $1.34M | 0.19% |
84,598
-6,341
| -7% | -$90.9K |
|
33
Huazhu Hotels Group
HTHT
$12.7B
| $1.32M | 0.19% |
39,584
-1,530
| -4% | -$54.7K |
|
34
Coupang
CPNG
$29.3B
| $1.29M | 0.18% |
79,798
-2,534
| -3% | -$41.8K |
|
35
Freeport-McMoran
FCX
$96.9B
| $1.04M | 0.15% |
24,540
-214
| -0.9% | -$7.9K |
|
36
SK Telecom
SKM
$13.5B
| $26.9K | ﹤0.01% |
1,259
-138
| -10% | -$2.92K |
|
37
Grupo Aeroportuario del Sureste
ASR
$8.24B
| – | – |
-4,970
| Closed | -$1.22M |
|
38
Baidu
BIDU
$35.6B
| – | – |
-57,059
| Closed | -$7.67M |
|
39
Sea Limited
SE
$78.5B
| – | – |
-292,096
| Closed | -$12.8M |
|
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Matthews International Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Matthews International Capital Management held 39 positions worth $712M, down 14% from $827M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Matthews International Capital Management withdrew a net $146M in Q4 2023, closing 3 positions and reducing 26 holdings. Its most notable exit was Sea Limited, an estimated $12.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, down from 43% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Matthews International Capital Management opened a new position in New Oriental worth $3.45M.
- Matthews International Capital Management's largest Q4 2023 buy was New Oriental: 47,043 shares worth $3.45M.
- Matthews International Capital Management added most to Kanzhun in Q4 2023, an estimated $20.6M increase.
- Matthews International Capital Management's biggest Q4 2023 reduction was Pinduoduo, cutting an estimated $47M.
- Matthews International Capital Management fully exited Sea Limited in Q4 2023, selling an estimated $12.8M.
- Matthews International Capital Management's ten largest holdings make up 79% of its $712M portfolio in Q4 2023.
- Matthews International Capital Management opened 1 new position and closed 3 in Q4 2023.
- Matthews International Capital Management's portfolio value fell 14% quarter-over-quarter to $712M.
Based on Matthews International Capital Management's 13F filing for Q4 2023, filed 17 Jan 2024.