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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
+5.81%
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
$435M
AUM Growth
-$49.6M
Cap. Flow
-$66.7M
Cap. Flow %
-15.33%
Top 10 Hldgs %
66.88%
Holding
44
New
7
Increased
9
Reduced
22
Closed
4

Top Buys

Rank Stock Value
1
QFIN icon
Qfin Holdings
QFIN
+$7.65M
2
LEGN icon
Legend Biotech
LEGN
+$6.19M
3
MMYT icon
MakeMyTrip
MMYT
+$4.82M
4
FMX icon
Fomento Económico Mexicano
FMX
+$3.48M
5
FUTU icon
Futu Holdings
FUTU
+$2.32M

Top Sells

Rank Stock Value
1
SE icon
Sea Limited
SE
+$14.6M
2
PDD icon
Pinduoduo
PDD
+$13.9M
3
CPNG icon
Coupang
CPNG
+$11.1M
4
HDB icon
HDFC Bank
HDB
+$10.4M
5
YMM icon
Full Truck Alliance
YMM
+$6.91M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 42.33%
2 Technology 18.95%
3 Communication Services 12.59%
4 Healthcare 10.56%
5 Financials 10.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INFY icon
26
Infosys
INFY
$50.3B
$2.76M 0.63%
148,794
-197,386
-57% -$3.53M
KSPI icon
27
Kaspi.kz JSC
KSPI
$18.9B
$2.12M 0.49%
+24,941
New +$2.13M
LRCX icon
28
Lam Research
LRCX
$422B
$2.06M 0.47%
21,169
-15,435
-42% -$1.22M
TUYA
29
Tuya Inc
TUYA
$1.12B
$1.63M 0.37%
+704,109
New +$1.71M
NU icon
30
Nu Holdings
NU
$67.3B
$1.43M 0.33%
104,239
-177,411
-63% -$2.12M
CHA
31
Chagee Holdings Ltd
CHA
$1.95B
$1.4M 0.32%
+53,656
New +$1.64M
JD icon
32
JD.com
JD
$39.6B
$767K 0.18%
23,508
-90,423
-79% -$3.09M
BVN icon
33
Compañía de Minas Buenaventura
BVN
$8.55B
$445K 0.1%
27,087
-4,670
-15% -$70.9K
FCX icon
34
Freeport-McMoran
FCX
$93.6B
$363K 0.08%
8,368
-1,450
-15% -$55.1K
PBR icon
35
Petrobras
PBR
$115B
$298K 0.07%
23,829
-4,120
-15% -$49.4K
MKOR icon
36
Matthews Korea Active ETF
MKOR
$141M
$282K 0.06%
10,032
– –
ADVE icon
37
Matthews Asia Dividend Active ETF
ADVE
$9.33M
$179K 0.04%
+5,000
New +$168K
SKM icon
38
SK Telecom
SKM
$14.1B
$38.7K 0.01%
1,656
-828
-33% -$17.8K
AVGO icon
39
Broadcom
AVGO
$1.99T
– –
-7,326
Closed -$1.23M
BABA icon
40
Alibaba
BABA
$293B
– –
-21,783
Closed -$2.88M
VALE icon
41
Vale
VALE
$58.7B
– –
-28,719
Closed -$287K
1
2

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PPC
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DP
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EPIME
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OCM
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ECM
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DMBA
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Matthews International Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Matthews International Capital Management held 44 positions worth $435M, down 10% from $484M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Matthews International Capital Management withdrew a net $66.7M in Q2 2025, closing 4 positions and reducing 22 holdings. Its most notable exit was Alibaba, an estimated $2.88M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 48% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Matthews International Capital Management opened a new position in Fomento Económico Mexicano worth $3.47M.

  • Matthews International Capital Management's largest Q2 2025 buy was Fomento Económico Mexicano: 33,679 shares worth $3.47M.
  • Matthews International Capital Management added most to Qfin Holdings in Q2 2025, an estimated $7.65M increase.
  • Matthews International Capital Management's biggest Q2 2025 reduction was Sea Limited, cutting an estimated $14.6M.
  • Matthews International Capital Management fully exited Alibaba in Q2 2025, selling an estimated $2.88M.
  • Matthews International Capital Management's ten largest holdings make up 67% of its $435M portfolio in Q2 2025.
  • Matthews International Capital Management opened 7 new positions and closed 4 in Q2 2025.
  • Matthews International Capital Management's portfolio value fell 10% quarter-over-quarter to $435M.

Based on Matthews International Capital Management's 13F filing for Q2 2025, filed 21 Jul 2025.