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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
-13.76%
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
$1.63B
AUM Growth
-$453M
(-22%)
Cap. Flow
-$161M
Cap. Flow
% of AUM
-9.89%
Top 10 Holdings %
Top 10 Hldgs %
82.94%
Holding
39
New
4
Increased
12
Reduced
14
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iQIYI
IQ
|
+$45.9M |
| 2 |
Alibaba
BABA
|
+$38.8M |
| 3 |
Huazhu Hotels Group
HTHT
|
+$19.6M |
| 4 |
WUBA
58.com Inc
WUBA
|
+$13.5M |
| 5 |
Telkom Indonesia
TLK
|
+$7.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$89.6M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$56.8M |
| 3 |
HSBC
HSBC
|
+$39.4M |
| 4 |
AIFU
AIFU Inc
AIFU
|
+$21.4M |
| 5 |
Broadcom
AVGO
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.46% |
| 2 | Technology | 23.56% |
| 3 | Communication Services | 17.25% |
| 4 | Financials | 5.79% |
| 5 | Healthcare | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$308B
| $307M | 18.81% |
2,239,856
+262,401
| +13% | +$38.8M |
|
|
CHL
2
DELISTED
China Mobile Limited
CHL
| $223M | 13.64% |
4,638,551
-1,179,300
| -20% | -$56.8M |
|
3
Cognizant
CTSH
$25.1B
| $221M | 13.54% |
3,480,470
-132,230
| -4% | -$9.2M |
|
4
Yum China
YUMC
$16.3B
| $164M | 10.07% |
4,902,710
+158,800
| +3% | +$5.45M |
|
|
5
Baidu
BIDU
$37.7B
| $132M | 8.1% |
833,501
-480,169
| -37% | -$89.6M |
|
6
TSMC
TSM
$2.15T
| $95.9M | 5.87% |
2,597,879
-290,400
| -10% | -$11.1M |
|
|
AIFU
7
AIFU Inc
AIFU
$216M
| $66.3M | 4.06% |
7,554
-2,108
| -22% | -$21.4M |
|
|
8
Broadcom
AVGO
$1.99T
| $65.1M | 3.99% |
2,561,800
-890,200
| -26% | -$21M |
|
|
9
Huazhu Hotels Group
HTHT
$13B
| $42.8M | 2.62% |
1,495,100
+680,800
| +84% | +$19.6M |
|
10
NetEase
NTES
$82B
| $36.5M | 2.23% |
774,950
-345,050
| -31% | -$15.6M |
|
|
11
Telkom Indonesia
TLK
$14.6B
| $35.5M | 2.18% |
1,354,940
+287,100
| +27% | +$7.3M |
|
|
ONC
12
BeOne Medicines Ltd
ONC
$36.4B
| $34.1M | 2.09% |
243,403
+36,300
| +18% | +$4.81M |
|
|
BZUN
13
Baozun
BZUN
$172M
| $33.5M | 2.05% |
1,145,900
+104,700
| +10% | +$3.86M |
|
|
14
iQIYI
IQ
$1.24B
| $32.7M | 2.01% |
+2,201,100
| New | +$45.9M |
|
|
15
HSBC
HSBC
$352B
| $28.2M | 1.73% |
710,418
-984,640
| -58% | -$39.4M |
|
16
Autohome
ATHM
$2.65B
| $13.8M | 0.84% |
176,300
-38,600
| -18% | -$2.91M |
|
|
WUBA
17
DELISTED
58.com Inc
WUBA
| $12M | 0.74% |
+221,300
| New | +$13.5M |
|
|
SNP
18
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $11.6M | 0.71% |
165,000
-100,000
| -38% | -$8.35M |
|
|
LN
19
DELISTED
LINE Corporation
LN
| $9.78M | 0.6% |
286,700
+41,700
| +17% | +$1.38M |
|
|
JOBS
20
DELISTED
51job Inc
JOBS
| $8.47M | 0.52% |
135,600
+12,100
| +10% | +$774K |
|
|
SINA
21
DELISTED
Sina Corp
SINA
| $7.87M | 0.48% |
146,700
+25,800
| +21% | +$1.59M |
|
22
JD.com
JD
$43.9B
| $7.02M | 0.43% |
335,479
| – | – |
|
|
MOMO
23
Hello Group
MOMO
$855M
| $6.99M | 0.43% |
294,400
+15,700
| +6% | +$494K |
|
|
GHG
24
GreenTree Hospitality
GHG
$114M
| $6.82M | 0.42% |
525,177
| – | – |
|
|
JOYY
25
JOYY Inc
JOYY
$3.77B
| $6.33M | 0.39% |
105,800
+22,600
| +27% | +$1.47M |
|
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Matthews International Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Matthews International Capital Management held 39 positions worth $1.63B, down 22% from $2.09B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Matthews International Capital Management withdrew a net $161M in Q4 2018, closing 5 positions and reducing 14 holdings. Its most notable exit was Altaba Inc, an estimated $6.91M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 28% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Matthews International Capital Management opened a new position in iQIYI worth $32.7M.
- Matthews International Capital Management's largest Q4 2018 buy was iQIYI: 2,201,100 shares worth $32.7M.
- Matthews International Capital Management added most to Alibaba in Q4 2018, an estimated $38.8M increase.
- Matthews International Capital Management's biggest Q4 2018 reduction was Baidu, cutting an estimated $89.6M.
- Matthews International Capital Management fully exited Altaba Inc in Q4 2018, selling an estimated $6.91M.
- Matthews International Capital Management's ten largest holdings make up 83% of its $1.63B portfolio in Q4 2018.
- Matthews International Capital Management opened 4 new positions and closed 5 in Q4 2018.
- Matthews International Capital Management's portfolio value fell 22% quarter-over-quarter to $1.63B.
Based on Matthews International Capital Management's 13F filing for Q4 2018, filed 6 Feb 2019.