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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
+38.12%
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
$1.29B
AUM Growth
-$268M
Cap. Flow
-$610M
Cap. Flow %
-47.41%
Top 10 Hldgs %
71.56%
Holding
42
New
8
Increased
9
Reduced
13
Closed
7

Top Buys

Rank Stock Value
1
BNR
Burning Rock Biotech
BNR
+$49.7M
2
LEGN icon
Legend Biotech
LEGN
+$46.8M
3
KC
Kingsoft Cloud Holdings
KC
+$25.2M
4
TME icon
Tencent Music
TME
+$13.7M
5
BILI icon
Bilibili
BILI
+$12.4M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$565M
2
YUMC icon
Yum China
YUMC
+$37.8M
3
CTSH icon
Cognizant
CTSH
+$24.9M
4
ATHM icon
Autohome
ATHM
+$21.6M
5
MLCO icon
Melco Resorts & Entertainment
MLCO
+$21.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.77%
2 Communication Services 23.06%
3 Healthcare 19.44%
4 Technology 12.16%
5 Consumer Staples 4.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$308B
$204M 15.89%
947,699
-2,712,457
-74% -$565M
YUMC icon
2
Yum China
YUMC
$16.3B
$133M 10.32%
2,761,985
-801,776
-22% -$37.8M
BILI icon
3
Bilibili
BILI
$7.84B
$131M 10.2%
2,832,344
+381,593
+16% +$12.4M
TME icon
4
Tencent Music
TME
$15.6B
$88.8M 6.9%
6,594,193
+1,156,800
+21% +$13.7M
JD icon
5
JD.com
JD
$44.5B
$83.6M 6.5%
1,389,079
+31,100
+2% +$1.57M
TSM icon
6
TSMC
TSM
$2.18T
$72.3M 5.62%
1,273,479
-350,900
-22% -$18.5M
NTES icon
7
NetEase
NTES
$84.7B
$59.3M 4.61%
691,000
-150,000
-18% -$11.3M
LEGN icon
8
Legend Biotech
LEGN
$4.01B
$51M 3.96%
+1,198,483
New +$46.8M
BNR
9
Burning Rock Biotech
BNR
$92.9M
$49M 3.81%
+181,257
New +$49.7M
AVGO icon
10
Broadcom
AVGO
$2.04T
$48.3M 3.75%
1,529,000
-565,000
-27% -$15.8M
ONC
11
BeOne Medicines Ltd
ONC
$39.4B
$46.6M 3.63%
247,592
-24,400
-9% -$3.97M
SE icon
12
Sea Limited
SE
$69.5B
$42.1M 3.27%
392,400
+51,600
+15% +$3.74M
BZUN
13
Baozun
BZUN
$172M
$35.9M 2.79%
933,600
-74,800
-7% -$2.35M
TAL icon
14
TAL Education Group
TAL
$6.87B
$35M 2.72%
512,500
+167,700
+49% +$9.59M
KC
15
Kingsoft Cloud Holdings
KC
$3.69B
$34.7M 2.69%
+1,099,467
New +$25.2M
EDU icon
16
New Oriental
EDU
$8.98B
$27.2M 2.12%
209,200
-100,000
-32% -$12.2M
SDGR icon
17
Schrodinger
SDGR
$1.36B
$25.6M 1.99%
279,700
-147,600
-35% -$8.59M
ZLAB icon
18
Zai Lab
ZLAB
$2.62B
$20.9M 1.62%
254,400
+157,300
+162% +$10.6M
JOYY
19
JOYY Inc
JOYY
$3.75B
$17.4M 1.36%
196,999
+58,999
+43% +$3.93M
CHL
20
DELISTED
China Mobile Limited
CHL
$14.8M 1.15%
439,100
-234,630
-35% -$8.69M
ADCT icon
21
ADC Therapeutics
ADCT
$144M
$11.2M 0.87%
+239,500
New +$9.09M
KRRO icon
22
Korro Bio
KRRO
$195M
$11.1M 0.86%
9,529
+787
+9% +$711K
TPTX
23
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$7.62M 0.59%
118,000
– –
OYST
24
DELISTED
Oyster Point Pharma, Inc. Common Stock
OYST
$6.5M 0.51%
225,000
– –
ORIC icon
25
Oric Pharmaceuticals
ORIC
$1.4B
$6.46M 0.5%
+191,568
New +$6.11M
1
2

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DIGDR
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PPC
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BCM
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NC
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EPIME
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Matthews International Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Matthews International Capital Management held 42 positions worth $1.29B, down 17% from $1.55B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Matthews International Capital Management withdrew a net $610M in Q2 2020, closing 7 positions and reducing 13 holdings. Its most notable exit was Cognizant, an estimated $24.9M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, down from 64% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Burning Rock Biotech worth $49M.

  • Matthews International Capital Management's largest Q2 2020 buy was Burning Rock Biotech: 181,257 shares worth $49M.
  • Matthews International Capital Management added most to Tencent Music in Q2 2020, an estimated $13.7M increase.
  • Matthews International Capital Management's biggest Q2 2020 reduction was Alibaba, cutting an estimated $565M.
  • Matthews International Capital Management fully exited Cognizant in Q2 2020, selling an estimated $24.9M.
  • Matthews International Capital Management's ten largest holdings make up 72% of its $1.29B portfolio in Q2 2020.
  • Matthews International Capital Management opened 8 new positions and closed 7 in Q2 2020.
  • Matthews International Capital Management's portfolio value fell 17% quarter-over-quarter to $1.29B.

Based on Matthews International Capital Management's 13F filing for Q2 2020, filed 29 Jul 2020.