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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
+18.11%
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
$846M
AUM Growth
+$158M
Cap. Flow
+$33.4M
Cap. Flow %
3.94%
Top 10 Hldgs %
78.68%
Holding
42
New
5
Increased
18
Reduced
11
Closed
3

Top Buys

Rank Stock Value
1
BEKE icon
KE Holdings
BEKE
+$36.5M
2
TCOM icon
Trip.com Group
TCOM
+$24.9M
3
HTHT icon
Huazhu Hotels Group
HTHT
+$24.2M
4
YMM icon
Full Truck Alliance
YMM
+$16.7M
5
BILI icon
Bilibili
BILI
+$6.27M

Top Sells

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$24.7M
2
PDD icon
Pinduoduo
PDD
+$16.7M
3
TEAM icon
Atlassian
TEAM
+$15.8M
4
LEGN icon
Legend Biotech
LEGN
+$14.3M
5
TSM icon
TSMC
TSM
+$12.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 55.41%
2 Technology 13.91%
3 Healthcare 10.12%
4 Real Estate 9.77%
5 Communication Services 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDD icon
1
Pinduoduo
PDD
$131B
$195M 23.01%
2,386,948
-239,555
-9% -$16.7M
YUMC icon
2
Yum China
YUMC
$16.3B
$137M 16.25%
2,515,967
-486,649
-16% -$24.7M
BEKE icon
3
KE Holdings
BEKE
$18.8B
$82.7M 9.77%
5,921,302
+2,625,198
+80% +$36.5M
LEGN icon
4
Legend Biotech
LEGN
$4.01B
$58.5M 6.91%
1,171,768
-294,685
-20% -$14.3M
HTHT icon
5
Huazhu Hotels Group
HTHT
$13B
$41.6M 4.91%
979,518
+668,822
+215% +$24.2M
YMM icon
6
Full Truck Alliance
YMM
$9.99B
$35.4M 4.18%
4,423,191
+2,439,468
+123% +$16.7M
TSM icon
7
TSMC
TSM
$2.18T
$31.3M 3.7%
419,660
-175,126
-29% -$12.7M
TCOM icon
8
Trip.com Group
TCOM
$29.1B
$29.8M 3.53%
+867,144
New +$24.9M
BILI icon
9
Bilibili
BILI
$7.84B
$27.2M 3.21%
1,148,007
+394,183
+52% +$6.27M
ONC
10
BeOne Medicines Ltd
ONC
$39.4B
$27.1M 3.2%
123,127
-39,373
-24% -$7.22M
AVGO icon
11
Broadcom
AVGO
$2.04T
$22.2M 2.63%
397,670
-105,330
-21% -$5.28M
NTES icon
12
NetEase
NTES
$84.7B
$21.2M 2.51%
291,932
-16,168
-5% -$1.1M
SE icon
13
Sea Limited
SE
$69.5B
$20.7M 2.44%
396,890
+22,125
+6% +$1.19M
BABA icon
14
Alibaba
BABA
$308B
$19.4M 2.3%
220,582
+60,362
+38% +$4.76M
BZ icon
15
Kanzhun
BZ
$7.36B
$17.7M 2.1%
871,188
+303,540
+53% +$4.98M
GRAB icon
16
Grab
GRAB
$14.9B
$16.6M 1.97%
5,162,551
+1,176,441
+30% +$3.37M
CPNG icon
17
Coupang
CPNG
$29.2B
$16.2M 1.91%
1,098,281
+292,599
+36% +$5.16M
ACMR icon
18
ACM Research
ACMR
$5.79B
$6.56M 0.78%
850,913
-19,137
-2% -$162K
ZH
19
Zhihu
ZH
$279M
$6.41M 0.76%
822,077
+128,932
+19% +$903K
ZTO icon
20
ZTO Express
ZTO
$17.9B
$4.68M 0.55%
+174,001
New +$4M
JD icon
21
JD.com
JD
$44.5B
$4.5M 0.53%
+80,201
New +$4.04M
MLCO icon
22
Melco Resorts & Entertainment
MLCO
$2.14B
$4.49M 0.53%
+390,822
New +$3.17M
MU icon
23
Micron Technology
MU
$991B
$2.25M 0.27%
45,103
– –
HDB icon
24
HDFC Bank
HDB
$121B
$1.35M 0.16%
39,560
+3,660
+10% +$119K
TDCX
25
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
$1.24M 0.15%
100,512
+14,908
+17% +$178K
1
2

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Matthews International Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Matthews International Capital Management held 42 positions worth $846M, up 23% from $688M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Matthews International Capital Management deployed $33.4M of net new capital in Q4 2022, opening 5 new positions and adding to 18 existing holdings. Its largest new stake was Trip.com Group: 867,144 shares worth $29.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 55% of assets, up from 53% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Yum China, an estimated $24.7M trimmed.

  • Matthews International Capital Management's largest Q4 2022 buy was Trip.com Group: 867,144 shares worth $29.8M.
  • Matthews International Capital Management added most to KE Holdings in Q4 2022, an estimated $36.5M increase.
  • Matthews International Capital Management's biggest Q4 2022 reduction was Yum China, cutting an estimated $24.7M.
  • Matthews International Capital Management fully exited Atlassian in Q4 2022, selling an estimated $15.8M.
  • Matthews International Capital Management's ten largest holdings make up 79% of its $846M portfolio in Q4 2022.
  • Matthews International Capital Management opened 5 new positions and closed 3 in Q4 2022.
  • Matthews International Capital Management's portfolio value rose 23% quarter-over-quarter to $846M.

Based on Matthews International Capital Management's 13F filing for Q4 2022, filed 9 Feb 2023.