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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
+13.37%
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
$1B
AUM Growth
+$156M
Cap. Flow
+$80.9M
Cap. Flow %
8.07%
Top 10 Hldgs %
75.21%
Holding
44
New
8
Increased
25
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$33.5M
2
BEKE icon
KE Holdings
BEKE
+$16.2M
3
JD icon
JD.com
JD
+$13.1M
4
BIDU icon
Baidu
BIDU
+$8.88M
5
STAA icon
STAAR Surgical
STAA
+$7.89M

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$38M
2
BILI icon
Bilibili
BILI
+$11.5M
3
HTHT icon
Huazhu Hotels Group
HTHT
+$6.92M
4
CPNG icon
Coupang
CPNG
+$4.1M
5
NTES icon
NetEase
NTES
+$1.95M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 51.12%
2 Technology 15.17%
3 Real Estate 12.77%
4 Healthcare 10%
5 Communication Services 8.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUMC icon
1
Yum China
YUMC
$16.3B
$195M 19.42%
3,071,310
+555,343
+22% +$33.5M
PDD icon
2
Pinduoduo
PDD
$131B
$149M 14.89%
1,966,678
-420,270
-18% -$38M
BEKE icon
3
KE Holdings
BEKE
$18.8B
$128M 12.77%
6,795,549
+874,247
+15% +$16.2M
LEGN icon
4
Legend Biotech
LEGN
$4.01B
$63M 6.29%
1,306,668
+134,900
+12% +$6.6M
HTHT icon
5
Huazhu Hotels Group
HTHT
$13B
$41M 4.09%
836,681
-142,837
-15% -$6.92M
YMM icon
6
Full Truck Alliance
YMM
$9.99B
$39.5M 3.94%
5,187,246
+764,055
+17% +$6.05M
TSM icon
7
TSMC
TSM
$2.18T
$39.1M 3.9%
420,412
+752
+0.2% +$67.5K
SE icon
8
Sea Limited
SE
$69.5B
$36.3M 3.62%
418,898
+22,008
+6% +$1.5M
TCOM icon
9
Trip.com Group
TCOM
$29.1B
$31.9M 3.18%
845,958
-21,186
-2% -$788K
AVGO icon
10
Broadcom
AVGO
$2.04T
$31.1M 3.1%
484,750
+87,080
+22% +$5.24M
ONC
11
BeOne Medicines Ltd
ONC
$39.4B
$29.5M 2.95%
136,958
+13,831
+11% +$3.32M
BABA icon
12
Alibaba
BABA
$308B
$26.3M 2.63%
257,687
+37,105
+17% +$3.72M
NTES icon
13
NetEase
NTES
$84.7B
$23.8M 2.38%
269,328
-22,604
-8% -$1.95M
BZ icon
14
Kanzhun
BZ
$7.36B
$20M 2%
1,052,748
+181,560
+21% +$3.96M
BILI icon
15
Bilibili
BILI
$7.84B
$15.6M 1.56%
664,168
-483,839
-42% -$11.5M
JD icon
16
JD.com
JD
$44.5B
$14.6M 1.46%
333,071
+252,870
+315% +$13.1M
GRAB icon
17
Grab
GRAB
$14.9B
$14.2M 1.42%
4,732,480
-430,071
-8% -$1.43M
CPNG icon
18
Coupang
CPNG
$29.2B
$13.3M 1.33%
834,020
-264,261
-24% -$4.1M
ZH
19
Zhihu
ZH
$279M
$11.6M 1.16%
1,522,202
+700,125
+85% +$6.49M
ACMR icon
20
ACM Research
ACMR
$5.79B
$9.96M 0.99%
850,913
– –
BIDU icon
21
Baidu
BIDU
$37.2B
$9.45M 0.94%
+62,609
New +$8.88M
META icon
22
Meta Platforms (Facebook)
META
$1.51T
$7.81M 0.78%
+36,851
New +$6.28M
STAA icon
23
STAAR Surgical
STAA
$1.21B
$7.73M 0.77%
+120,865
New +$7.89M
V icon
24
Visa
V
$677B
$7.08M 0.71%
+31,399
New +$6.99M
MU icon
25
Micron Technology
MU
$991B
$6.34M 0.63%
105,088
+59,985
+133% +$3.52M
1
2

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DIGDR
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PPC
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BCM
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Matthews International Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Matthews International Capital Management held 44 positions worth $1B, up 18% from $846M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Matthews International Capital Management deployed $80.9M of net new capital in Q1 2023, opening 8 new positions and adding to 25 existing holdings. Its largest new stake was Baidu: 62,609 shares worth $9.45M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, down from 55% a quarter earlier, followed by Technology and Real Estate.

On the sell side, the largest reduction was Pinduoduo, an estimated $38M trimmed.

  • Matthews International Capital Management's largest Q1 2023 buy was Baidu: 62,609 shares worth $9.45M.
  • Matthews International Capital Management added most to Yum China in Q1 2023, an estimated $33.5M increase.
  • Matthews International Capital Management's biggest Q1 2023 reduction was Pinduoduo, cutting an estimated $38M.
  • Matthews International Capital Management fully exited Petrobras in Q1 2023, selling an estimated $321K.
  • Matthews International Capital Management's ten largest holdings make up 75% of its $1B portfolio in Q1 2023.
  • Matthews International Capital Management opened 8 new positions and closed 1 in Q1 2023.
  • Matthews International Capital Management's portfolio value rose 18% quarter-over-quarter to $1B.

Based on Matthews International Capital Management's 13F filing for Q1 2023, filed 10 May 2023.