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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
+13.96%
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
$429M
AUM Growth
-$5.29M
(-1.2%)
Cap. Flow
-$52.8M
Cap. Flow
% of AUM
-12.29%
Top 10 Holdings %
Top 10 Hldgs %
65.15%
Holding
42
New
2
Increased
9
Reduced
24
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
XP
XP
|
+$5.74M |
| 2 |
Futu Holdings
FUTU
|
+$4.19M |
| 3 |
Qfin Holdings
QFIN
|
+$1.69M |
| 4 |
Kanzhun
BZ
|
+$1.68M |
| 5 |
China Yuchai International
CYD
|
+$1.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$18.2M |
| 2 |
Full Truck Alliance
YMM
|
+$14M |
| 3 |
Legend Biotech
LEGN
|
+$9.77M |
| 4 |
NetEase
NTES
|
+$4.6M |
| 5 |
Tencent Music
TME
|
+$3.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 44.81% |
| 2 | Technology | 16.75% |
| 3 | Communication Services | 13.38% |
| 4 | Financials | 12.24% |
| 5 | Healthcare | 7.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Fomento Económico Mexicano
FMX
$40B
| $3.06M | 0.71% |
31,053
-2,626
| -8% | -$244K |
|
27
Lam Research
LRCX
$408B
| $3.05M | 0.71% |
22,749
+1,580
| +7% | +$167K |
|
|
28
China Yuchai International
CYD
$1.76B
| $2.27M | 0.53% |
+54,874
| New | +$1.66M |
|
29
Nu Holdings
NU
$65.5B
| $2.17M | 0.51% |
135,765
+31,526
| +30% | +$440K |
|
|
TUYA
30
Tuya Inc
TUYA
$1.1B
| $1.74M | 0.4% |
704,109
| – | – |
|
|
CHA
31
Chagee Holdings Ltd
CHA
$1.91B
| $888K | 0.21% |
53,656
| – | – |
|
32
Compañía de Minas Buenaventura
BVN
$8.79B
| $579K | 0.13% |
23,818
-3,269
| -12% | -$61.3K |
|
33
JD.com
JD
$42.7B
| $391K | 0.09% |
11,165
-12,343
| -53% | -$402K |
|
34
Freeport-McMoran
FCX
$96.9B
| $288K | 0.07% |
7,353
-1,015
| -12% | -$44K |
|
35
Kaspi.kz JSC
KSPI
$18.9B
| $231K | 0.05% |
2,834
-22,107
| -89% | -$1.94M |
|
36
Matthews Asia Dividend Active ETF
ADVE
$9.35M
| $192K | 0.04% |
5,000
| – | – |
|
37
Matthews Korea Active ETF
MKOR
$140M
| $152K | 0.04% |
5,032
-5,000
| -50% | -$142K |
|
38
SK Telecom
SKM
$13.5B
| $35.8K | 0.01% |
1,656
| – | – |
|
39
Infosys
INFY
$49.7B
| – | – |
-148,794
| Closed | -$2.76M |
|
40
Petrobras
PBR
$114B
| – | – |
-23,829
| Closed | -$298K |
|
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Matthews International Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Matthews International Capital Management held 42 positions worth $429M, down 1.2% from $435M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Matthews International Capital Management withdrew a net $52.8M in Q3 2025, closing 2 positions and reducing 24 holdings. Its most notable exit was Infosys, an estimated $2.76M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 45% of assets, up from 42% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Matthews International Capital Management opened a new position in XP worth $6.01M.
- Matthews International Capital Management's largest Q3 2025 buy was XP: 320,053 shares worth $6.01M.
- Matthews International Capital Management added most to Futu Holdings in Q3 2025, an estimated $4.19M increase.
- Matthews International Capital Management's biggest Q3 2025 reduction was Sea Limited, cutting an estimated $18.2M.
- Matthews International Capital Management fully exited Infosys in Q3 2025, selling an estimated $2.76M.
- Matthews International Capital Management's ten largest holdings make up 65% of its $429M portfolio in Q3 2025.
- Matthews International Capital Management opened 2 new positions and closed 2 in Q3 2025.
- Matthews International Capital Management's portfolio value fell 1.2% quarter-over-quarter to $429M.
Based on Matthews International Capital Management's 13F filing for Q3 2025, filed 17 Oct 2025.