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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
+1.59%
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
$2.12B
AUM Growth
-$300M
Cap. Flow
-$325M
Cap. Flow %
-15.34%
Top 10 Hldgs %
81.75%
Holding
47
New
2
Increased
13
Reduced
20
Closed
9

Top Buys

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$23.4M
2
HTT
High Templar Tech Ltd
HTT
+$16.6M
3
BITA
Bitauto Holdings Limited
BITA
+$4.81M
4
BABA icon
Alibaba
BABA
+$4.68M
5
GDS icon
GDS Holdings
GDS
+$4.01M

Top Sells

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$53M
2
CTSH icon
Cognizant
CTSH
+$49.6M
3
CHT icon
Chunghwa Telecom
CHT
+$47.6M
4
HSBC icon
HSBC
HSBC
+$36.3M
5
ATHM icon
Autohome
ATHM
+$31.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.56%
2 Communication Services 25.58%
3 Technology 21.45%
4 Healthcare 5.6%
5 Financials 5.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIDU icon
1
Baidu
BIDU
$37.4B
$358M 16.94%
1,530,370
-70,500
-4% -$17.2M
BABA icon
2
Alibaba
BABA
$292B
$348M 16.45%
2,018,655
+26,100
+1% +$4.68M
CHL
3
DELISTED
China Mobile Limited
CHL
$230M 10.86%
4,548,551
-52,280
-1% -$2.63M
CTSH icon
4
Cognizant
CTSH
$24.2B
$216M 10.22%
3,044,200
-678,200
-18% -$49.6M
TSM icon
5
TSMC
TSM
$2.12T
$134M 6.32%
3,372,503
-385,000
-10% -$15.6M
HSBC icon
6
HSBC
HSBC
$365B
$99.4M 4.7%
2,106,248
-802,427
-28% -$36.3M
YUMC icon
7
Yum China
YUMC
$16.4B
$93.6M 4.42%
2,339,310
+569,400
+32% +$23.4M
NTES icon
8
NetEase
NTES
$84.8B
$85.5M 4.04%
1,238,500
-308,800
-20% -$19.3M
AVGO icon
9
Broadcom
AVGO
$1.84T
$84.7M 4%
3,297,000
+16,000
+0.5% +$416K
TLK icon
10
Telkom Indonesia
TLK
$14.4B
$80.4M 3.8%
2,496,400
-145,100
-5% -$4.54M
RMD icon
11
ResMed
RMD
$30.2B
$61.7M 2.92%
728,400
-69,000
-9% -$5.7M
YUM icon
12
Yum! Brands
YUM
$42.4B
$51.8M 2.45%
634,910
-670,400
-51% -$53M
TARO
13
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
$46.9M 2.21%
447,500
-206,700
-32% -$22.7M
BZUN
14
Baozun
BZUN
$169M
$35.2M 1.67%
1,116,641
+34,100
+3% +$1.1M
JD icon
15
JD.com
JD
$44.3B
$27.9M 1.32%
674,279
+65,500
+11% +$2.58M
HTHT icon
16
Huazhu Hotels Group
HTHT
$13B
$21.7M 1.03%
602,000
-193,200
-24% -$6.11M
SINA
17
DELISTED
Sina Corp
SINA
$19.2M 0.91%
191,200
-1,000
-0.5% -$107K
AABA
18
DELISTED
Altaba Inc
AABA
$13.5M 0.64%
193,800
+8,600
+5% +$599K
SNP
19
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
$13M 0.61%
176,900
-500
-0.3% -$36.5K
JOBS
20
DELISTED
51job Inc
JOBS
$12.3M 0.58%
202,324
-1,000
-0.5% -$61.2K
HTT
21
High Templar Tech Ltd
HTT
$376M
$10.8M 0.51%
+861,800
New +$16.6M
HCM icon
22
HUTCHMED
HCM
$1.91B
$10M 0.47%
254,300
-19,300
-7% -$617K
LN
23
DELISTED
LINE Corporation
LN
$8.66M 0.41%
211,200
-3,200
-1% -$131K
BITA
24
DELISTED
Bitauto Holdings Limited
BITA
$7.76M 0.37%
244,100
+118,000
+94% +$4.81M
AIFU
25
AIFU Inc
AIFU
$211M
$7.19M 0.34%
832
+21
+3% +$157K
1
2

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Matthews International Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Matthews International Capital Management held 47 positions worth $2.12B, down 12% from $2.42B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Matthews International Capital Management withdrew a net $325M in Q4 2017, closing 9 positions and reducing 20 holdings. Its most notable exit was Chunghwa Telecom, an estimated $47.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 25% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Matthews International Capital Management opened a new position in High Templar Tech Ltd worth $10.8M.

  • Matthews International Capital Management's largest Q4 2017 buy was High Templar Tech Ltd: 861,800 shares worth $10.8M.
  • Matthews International Capital Management added most to Yum China in Q4 2017, an estimated $23.4M increase.
  • Matthews International Capital Management's biggest Q4 2017 reduction was Yum! Brands, cutting an estimated $53M.
  • Matthews International Capital Management fully exited Chunghwa Telecom in Q4 2017, selling an estimated $47.6M.
  • Matthews International Capital Management's ten largest holdings make up 82% of its $2.12B portfolio in Q4 2017.
  • Matthews International Capital Management opened 2 new positions and closed 9 in Q4 2017.
  • Matthews International Capital Management's portfolio value fell 12% quarter-over-quarter to $2.12B.

Based on Matthews International Capital Management's 13F filing for Q4 2017, filed 12 Feb 2018.