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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
-8.83%
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
$1.65B
AUM Growth
-$752M
Cap. Flow
-$481M
Cap. Flow %
-29.18%
Top 10 Hldgs %
75.34%
Holding
55
New
6
Increased
12
Reduced
15
Closed
14

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$57.4M
2
ABNB icon
Airbnb
ABNB
+$36.9M
3
ASML icon
ASML
ASML
+$33.5M
4
ACMR icon
ACM Research
ACMR
+$28.1M
5
XPEV icon
XPeng
XPEV
+$14.9M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$197M
2
TCOM icon
Trip.com Group
TCOM
+$64.7M
3
JD icon
JD.com
JD
+$50.3M
4
ZLAB icon
Zai Lab
ZLAB
+$46.2M
5
SE icon
Sea Limited
SE
+$45.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 53.73%
2 Technology 15.74%
3 Healthcare 14.81%
4 Communication Services 11.44%
5 Financials 2.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SE icon
1
Sea Limited
SE
$69.5B
$338M 20.49%
1,060,113
-148,200
-12% -$45.5M
YUMC icon
2
Yum China
YUMC
$16.3B
$179M 10.82%
3,071,901
+84,300
+3% +$5.18M
BILI icon
3
Bilibili
BILI
$7.84B
$156M 9.46%
2,358,392
-472,040
-17% -$40.4M
TSM icon
4
TSMC
TSM
$2.18T
$150M 9.1%
1,343,679
-7,500
-0.6% -$881K
XPEV icon
5
XPeng
XPEV
$11.6B
$93.6M 5.68%
2,634,133
+375,400
+17% +$14.9M
ONC
6
BeOne Medicines Ltd
ONC
$39.4B
$88.8M 5.38%
244,492
+800
+0.3% +$262K
JD icon
7
JD.com
JD
$44.5B
$73.1M 4.43%
1,012,300
-682,039
-40% -$50.3M
LEGN icon
8
Legend Biotech
LEGN
$4.01B
$68.6M 4.16%
1,356,542
+14,100
+1% +$587K
PDD icon
9
Pinduoduo
PDD
$131B
$53.5M 3.25%
+590,400
New +$57.4M
MNSO icon
10
MINISO
MNSO
$3.75B
$42.5M 2.58%
2,790,700
-157,500
-5% -$2.4M
ABNB icon
11
Airbnb
ABNB
$107B
$40.5M 2.46%
+241,700
New +$36.9M
BNR
12
Burning Rock Biotech
BNR
$92.9M
$35.6M 2.16%
199,041
– –
AVGO icon
13
Broadcom
AVGO
$2.04T
$34.8M 2.11%
718,000
-271,000
-27% -$13.2M
HTHT icon
14
Huazhu Hotels Group
HTHT
$13B
$34.1M 2.07%
743,500
+214,800
+41% +$10.1M
ACMR icon
15
ACM Research
ACMR
$5.79B
$33.7M 2.04%
+918,600
New +$28.1M
NTES icon
16
NetEase
NTES
$84.7B
$32.6M 1.97%
381,400
-13,300
-3% -$1.26M
ASML icon
17
ASML
ASML
$669B
$31.7M 1.92%
+42,600
New +$33.5M
BABA icon
18
Alibaba
BABA
$308B
$27.4M 1.66%
185,220
-74,700
-29% -$13.6M
SDGR icon
19
Schrodinger
SDGR
$1.36B
$21.4M 1.3%
392,000
– –
BEKE icon
20
KE Holdings
BEKE
$18.8B
$18.1M 1.09%
988,600
+520,100
+111% +$12.7M
QFIN icon
21
Qfin Holdings
QFIN
$1.61B
$17.6M 1.07%
866,200
-126,600
-13% -$2.99M
FUTU icon
22
Futu Holdings
FUTU
$15.3B
$15.6M 0.94%
171,000
– –
ADAG
23
Adagene
ADAG
$272M
$11.8M 0.71%
811,600
-26,900
-3% -$441K
TERN
24
DELISTED
Terns Pharmaceuticals
TERN
$9.12M 0.55%
875,068
-196,353
-18% -$2.04M
TPTX
25
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$9.03M 0.55%
135,900
– –
1
2 3

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Matthews International Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Matthews International Capital Management held 55 positions worth $1.65B, down 31% from $2.4B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Matthews International Capital Management withdrew a net $481M in Q3 2021, closing 14 positions and reducing 15 holdings. Its most notable exit was Baidu, an estimated $197M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 54% of assets, up from 43% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Pinduoduo worth $53.5M.

  • Matthews International Capital Management's largest Q3 2021 buy was Pinduoduo: 590,400 shares worth $53.5M.
  • Matthews International Capital Management added most to XPeng in Q3 2021, an estimated $14.9M increase.
  • Matthews International Capital Management's biggest Q3 2021 reduction was JD.com, cutting an estimated $50.3M.
  • Matthews International Capital Management fully exited Baidu in Q3 2021, selling an estimated $197M.
  • Matthews International Capital Management's ten largest holdings make up 75% of its $1.65B portfolio in Q3 2021.
  • Matthews International Capital Management opened 6 new positions and closed 14 in Q3 2021.
  • Matthews International Capital Management's portfolio value fell 31% quarter-over-quarter to $1.65B.

Based on Matthews International Capital Management's 13F filing for Q3 2021, filed 8 Nov 2021.