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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
+17.6%
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
$2.1B
AUM Growth
-$145M
(-6.5%)
Cap. Flow
-$441M
Cap. Flow
% of AUM
-21.04%
Top 10 Holdings %
Top 10 Hldgs %
82.32%
Holding
36
New
3
Increased
11
Reduced
14
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bilibili
BILI
|
+$11.5M |
| 2 |
New Oriental
EDU
|
+$11.5M |
| 3 |
Autohome
ATHM
|
+$9.71M |
| 4 |
JD.com
JD
|
+$7.13M |
| 5 |
Korro Bio
KRRO
|
+$6.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$132M |
| 2 |
iQIYI
IQ
|
+$88.6M |
| 3 |
LN
LINE Corporation
LN
|
+$87.5M |
| 4 |
CHL
China Mobile Limited
CHL
|
+$84.4M |
| 5 |
Trip.com Group
TCOM
|
+$14.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 60.95% |
| 2 | Technology | 15.28% |
| 3 | Communication Services | 11.66% |
| 4 | Healthcare | 3.16% |
| 5 | Consumer Staples | 1.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alibaba
BABA
$308B
| $802M | 38.26% |
3,782,056
-13,600
| -0.4% | -$2.55M |
|
2
Yum China
YUMC
$16.3B
| $247M | 11.78% |
5,145,210
-193,700
| -4% | -$8.61M |
|
3
TSMC
TSM
$2.15T
| $140M | 6.69% |
2,415,679
-112,900
| -4% | -$5.99M |
|
|
4
Cognizant
CTSH
$25.1B
| $126M | 6.02% |
2,035,143
-2,131,800
| -51% | -$132M |
|
|
CHL
5
DELISTED
China Mobile Limited
CHL
| $104M | 4.98% |
2,471,823
-2,092,528
| -46% | -$84.4M |
|
6
Melco Resorts & Entertainment
MLCO
$2.19B
| $81M | 3.86% |
3,351,193
-121,507
| -3% | -$2.64M |
|
7
Tencent Music
TME
$15.6B
| $64M | 3.05% |
5,451,093
+194,893
| +4% | +$2.5M |
|
|
8
JD.com
JD
$43.9B
| $57.7M | 2.75% |
1,639,079
+220,900
| +16% | +$7.13M |
|
9
Broadcom
AVGO
$1.99T
| $52.3M | 2.49% |
1,654,000
-13,000
| -0.8% | -$395K |
|
10
Telkom Indonesia
TLK
$14.6B
| $50.8M | 2.42% |
1,783,480
-236,077
| -12% | -$6.84M |
|
11
NetEase
NTES
$82B
| $48.4M | 2.31% |
790,000
-20,000
| -2% | -$1.17M |
|
12
Huazhu Hotels Group
HTHT
$13B
| $42.8M | 2.04% |
1,069,230
+81,300
| +8% | +$2.93M |
|
|
13
Bilibili
BILI
$7.78B
| $41.7M | 1.99% |
2,238,500
+711,400
| +47% | +$11.5M |
|
|
ONC
14
BeOne Medicines Ltd
ONC
$34B
| $34.9M | 1.67% |
210,803
+22,700
| +12% | +$3.77M |
|
|
BZUN
15
Baozun
BZUN
$172M
| $34.1M | 1.63% |
1,030,700
+10,200
| +1% | +$404K |
|
|
16
New Oriental
EDU
$9.06B
| $26.4M | 1.26% |
218,100
+95,800
| +78% | +$11.5M |
|
17
HSBC
HSBC
$352B
| $25.9M | 1.23% |
662,337
-1,200
| -0.2% | -$45.5K |
|
|
18
Autohome
ATHM
$2.65B
| $24.1M | 1.15% |
301,300
+124,700
| +71% | +$9.71M |
|
19
Sea Limited
SE
$70.4B
| $13.1M | 0.63% |
325,900
+47,000
| +17% | +$1.58M |
|
20
TAL Education Group
TAL
$6.71B
| $12.9M | 0.62% |
267,900
+8,100
| +3% | +$348K |
|
|
WUBA
21
DELISTED
58.com Inc
WUBA
| $12M | 0.57% |
185,100
-187,600
| -50% | -$10.6M |
|
|
MOMO
22
Hello Group
MOMO
$855M
| $10.1M | 0.48% |
301,258
-367,053
| -55% | -$13.1M |
|
|
23
Korro Bio
KRRO
$166M
| $7.66M | 0.37% |
+8,742
| New | +$6.8M |
|
|
TPTX
24
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $7.35M | 0.35% |
118,000
| – | – |
|
25
NextCure
NXTC
$21.4M
| $6.76M | 0.32% |
10,000
-24,808
| -71% | -$12.4M |
|
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Matthews International Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Matthews International Capital Management held 36 positions worth $2.1B, down 6.5% from $2.24B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Matthews International Capital Management withdrew a net $441M in Q4 2019, closing 5 positions and reducing 14 holdings. Its most notable exit was iQIYI, an estimated $88.6M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 61% of assets, up from 48% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Matthews International Capital Management opened a new position in Korro Bio worth $7.66M.
- Matthews International Capital Management's largest Q4 2019 buy was Korro Bio: 8,742 shares worth $7.66M.
- Matthews International Capital Management added most to Bilibili in Q4 2019, an estimated $11.5M increase.
- Matthews International Capital Management's biggest Q4 2019 reduction was Cognizant, cutting an estimated $132M.
- Matthews International Capital Management fully exited iQIYI in Q4 2019, selling an estimated $88.6M.
- Matthews International Capital Management's ten largest holdings make up 82% of its $2.1B portfolio in Q4 2019.
- Matthews International Capital Management opened 3 new positions and closed 5 in Q4 2019.
- Matthews International Capital Management's portfolio value fell 6.5% quarter-over-quarter to $2.1B.
Based on Matthews International Capital Management's 13F filing for Q4 2019, filed 4 Feb 2020.