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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
-11.38%
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
$958M
AUM Growth
-$692M
Cap. Flow
-$531M
Cap. Flow %
-55.45%
Top 10 Hldgs %
78.95%
Holding
47
New
5
Increased
5
Reduced
23
Closed
9

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$23.1M
2
TEAM icon
Atlassian
TEAM
+$23.1M
3
YMM icon
Full Truck Alliance
YMM
+$4.8M
4
HTHT icon
Huazhu Hotels Group
HTHT
+$3.6M
5
TDCX
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
+$2.88M

Top Sells

Rank Stock Value
1
BILI icon
Bilibili
BILI
+$124M
2
SE icon
Sea Limited
SE
+$118M
3
XPEV icon
XPeng
XPEV
+$93.6M
4
MNSO icon
MINISO
MNSO
+$42.5M
5
TSM icon
TSMC
TSM
+$42.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 52.26%
2 Technology 23.1%
3 Healthcare 14.64%
4 Communication Services 6.13%
5 Real Estate 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUMC icon
1
Yum China
YUMC
$16.3B
$153M 16.01%
3,076,201
+4,300
+0.1% +$233K
SE icon
2
Sea Limited
SE
$69.5B
$149M 15.52%
664,319
-395,794
-37% -$118M
TSM icon
3
TSMC
TSM
$2.18T
$118M 12.35%
983,279
-360,400
-27% -$42.2M
JD icon
4
JD.com
JD
$44.5B
$66.6M 6.96%
951,100
-61,200
-6% -$4.84M
ONC
5
BeOne Medicines Ltd
ONC
$39.4B
$63.1M 6.59%
232,792
-11,700
-5% -$3.95M
PDD icon
6
Pinduoduo
PDD
$131B
$51.5M 5.38%
883,500
+293,100
+50% +$23.1M
LEGN icon
7
Legend Biotech
LEGN
$4.01B
$46.8M 4.89%
1,004,742
-351,800
-26% -$17.8M
AVGO icon
8
Broadcom
AVGO
$2.04T
$41.5M 4.34%
624,000
-94,000
-13% -$5.28M
NTES icon
9
NetEase
NTES
$84.7B
$35.4M 3.7%
347,700
-33,700
-9% -$3.42M
HTHT icon
10
Huazhu Hotels Group
HTHT
$13B
$30.8M 3.22%
825,820
+82,320
+11% +$3.6M
ABNB icon
11
Airbnb
ABNB
$107B
$30.5M 3.19%
183,400
-58,300
-24% -$10.3M
ACMR icon
12
ACM Research
ACMR
$5.79B
$25.1M 2.62%
881,400
-37,200
-4% -$1.18M
BILI icon
13
Bilibili
BILI
$7.84B
$23.3M 2.44%
502,600
-1,855,792
-79% -$124M
TEAM icon
14
Atlassian
TEAM
$37.8B
$21.9M 2.29%
+57,400
New +$23.1M
BABA icon
15
Alibaba
BABA
$308B
$19M 1.99%
160,220
-25,000
-13% -$3.64M
BNR
16
Burning Rock Biotech
BNR
$92.9M
$14.9M 1.56%
156,691
-42,350
-21% -$5.8M
BEKE icon
17
KE Holdings
BEKE
$18.8B
$11.8M 1.23%
585,300
-403,300
-41% -$8.26M
SDGR icon
18
Schrodinger
SDGR
$1.36B
$7.09M 0.74%
203,700
-188,300
-48% -$8.6M
ADAG
19
Adagene
ADAG
$272M
$6.47M 0.68%
807,600
-4,000
-0.5% -$41K
QFIN icon
20
Qfin Holdings
QFIN
$1.61B
$5.85M 0.61%
255,000
-611,200
-71% -$13.6M
YMM icon
21
Full Truck Alliance
YMM
$9.99B
$4.47M 0.47%
534,500
+363,300
+212% +$4.8M
MU icon
22
Micron Technology
MU
$991B
$3.38M 0.35%
36,300
-11,000
-23% -$859K
TDCX
23
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
$2.51M 0.26%
+131,100
New +$2.88M
TPTX
24
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$1.84M 0.19%
38,605
-97,295
-72% -$4.35M
INFY icon
25
Infosys
INFY
$50.7B
$1.54M 0.16%
60,800
-3,600
-6% -$83.7K
1
2

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FPM
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DIGDR
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PPC
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BCM
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DP
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NC
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EPIME
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Matthews International Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Matthews International Capital Management held 47 positions worth $958M, down 42% from $1.65B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Matthews International Capital Management withdrew a net $531M in Q4 2021, closing 9 positions and reducing 23 holdings. Its most notable exit was XPeng, an estimated $93.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 52% of assets, down from 54% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in Atlassian worth $21.9M.

  • Matthews International Capital Management's largest Q4 2021 buy was Atlassian: 57,400 shares worth $21.9M.
  • Matthews International Capital Management added most to Pinduoduo in Q4 2021, an estimated $23.1M increase.
  • Matthews International Capital Management's biggest Q4 2021 reduction was Bilibili, cutting an estimated $124M.
  • Matthews International Capital Management fully exited XPeng in Q4 2021, selling an estimated $93.6M.
  • Matthews International Capital Management's ten largest holdings make up 79% of its $958M portfolio in Q4 2021.
  • Matthews International Capital Management opened 5 new positions and closed 9 in Q4 2021.
  • Matthews International Capital Management's portfolio value fell 42% quarter-over-quarter to $958M.

Based on Matthews International Capital Management's 13F filing for Q4 2021, filed 2 Feb 2022.