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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
-2.38%
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
$854M
AUM Growth
-$149M
Cap. Flow
-$88.3M
Cap. Flow %
-10.35%
Top 10 Hldgs %
72.63%
Holding
51
New
8
Increased
18
Reduced
18
Closed
6

Top Buys

Rank Stock Value
1
ASML icon
ASML
ASML
+$17.7M
2
BABA icon
Alibaba
BABA
+$16.8M
3
NVDA icon
NVIDIA
NVDA
+$15.9M
4
TSM icon
TSMC
TSM
+$13.7M
5
NFLX icon
Netflix
NFLX
+$10.4M

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$67.2M
2
AVGO icon
Broadcom
AVGO
+$24.3M
3
HTHT icon
Huazhu Hotels Group
HTHT
+$22.7M
4
JD icon
JD.com
JD
+$14.6M
5
GRAB icon
Grab
GRAB
+$14.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 40.59%
2 Technology 22.34%
3 Healthcare 12.38%
4 Real Estate 12.38%
5 Communication Services 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUMC icon
1
Yum China
YUMC
$16.3B
$171M 20.05%
3,029,502
-41,808
-1% -$2.52M
BEKE icon
2
KE Holdings
BEKE
$18.8B
$106M 12.38%
7,113,463
+317,914
+5% +$5.19M
LEGN icon
3
Legend Biotech
LEGN
$4.01B
$77.6M 9.09%
1,123,692
-182,976
-14% -$12M
PDD icon
4
Pinduoduo
PDD
$131B
$68.4M 8.01%
988,879
-977,799
-50% -$67.2M
TSM icon
5
TSMC
TSM
$2.18T
$57.3M 6.71%
567,723
+147,311
+35% +$13.7M
YMM icon
6
Full Truck Alliance
YMM
$9.99B
$40.4M 4.73%
6,490,404
+1,303,158
+25% +$8.41M
BABA icon
7
Alibaba
BABA
$308B
$37.5M 4.39%
449,453
+191,766
+74% +$16.8M
ONC
8
BeOne Medicines Ltd
ONC
$38.7B
$22.8M 2.67%
127,737
-9,221
-7% -$2.12M
NVDA icon
9
NVIDIA
NVDA
$5.42T
$20.3M 2.37%
+479,210
New +$15.9M
SE icon
10
Sea Limited
SE
$69.5B
$19M 2.23%
327,641
-91,257
-22% -$6.51M
ASML icon
11
ASML
ASML
$669B
$18.8M 2.21%
+25,993
New +$17.7M
TCOM icon
12
Trip.com Group
TCOM
$29.1B
$18.8M 2.2%
536,975
-308,983
-37% -$10.7M
ZH
13
Zhihu
ZH
$279M
$16.4M 1.93%
2,423,910
+901,708
+59% +$5.92M
NTES icon
14
NetEase
NTES
$84.7B
$15.8M 1.85%
163,401
-105,927
-39% -$9.57M
NFLX icon
15
Netflix
NFLX
$309B
$12.5M 1.46%
+283,520
New +$10.4M
AVGO icon
16
Broadcom
AVGO
$2.04T
$12.4M 1.46%
143,520
-341,230
-70% -$24.3M
HTHT icon
17
Huazhu Hotels Group
HTHT
$13B
$12.1M 1.42%
313,233
-523,448
-63% -$22.7M
BZ icon
18
Kanzhun
BZ
$7.36B
$10.5M 1.23%
699,163
-353,585
-34% -$5.91M
V icon
19
Visa
V
$677B
$10.4M 1.22%
43,939
+12,540
+40% +$2.87M
ACMR icon
20
ACM Research
ACMR
$5.79B
$10.1M 1.18%
771,177
-79,736
-9% -$840K
TME icon
21
Tencent Music
TME
$15.6B
$9.93M 1.16%
+1,345,378
New +$10.2M
BIDU icon
22
Baidu
BIDU
$37.2B
$7.98M 0.93%
58,262
-4,347
-7% -$569K
MELI icon
23
Mercado Libre
MELI
$92.3B
$7.58M 0.89%
+6,397
New +$8.05M
MPWR icon
24
Monolithic Power Systems
MPWR
$68.9B
$7.55M 0.88%
+13,982
New +$6.64M
MU icon
25
Micron Technology
MU
$991B
$6.86M 0.8%
108,638
+3,550
+3% +$228K
1
2 3

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Matthews International Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Matthews International Capital Management held 51 positions worth $854M, down 15% from $1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Matthews International Capital Management withdrew a net $88.3M in Q2 2023, closing 6 positions and reducing 18 holdings. Its most notable exit was JD.com, an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 51% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Matthews International Capital Management opened a new position in ASML worth $18.8M.

  • Matthews International Capital Management's largest Q2 2023 buy was ASML: 25,993 shares worth $18.8M.
  • Matthews International Capital Management added most to Alibaba in Q2 2023, an estimated $16.8M increase.
  • Matthews International Capital Management's biggest Q2 2023 reduction was Pinduoduo, cutting an estimated $67.2M.
  • Matthews International Capital Management fully exited JD.com in Q2 2023, selling an estimated $14.6M.
  • Matthews International Capital Management's ten largest holdings make up 73% of its $854M portfolio in Q2 2023.
  • Matthews International Capital Management opened 8 new positions and closed 6 in Q2 2023.
  • Matthews International Capital Management's portfolio value fell 15% quarter-over-quarter to $854M.

Based on Matthews International Capital Management's 13F filing for Q2 2023, filed 10 Aug 2023.