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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
+8.99%
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
$508M
AUM Growth
-$204M
Cap. Flow
-$223M
Cap. Flow %
-44.02%
Top 10 Hldgs %
67.38%
Holding
42
New
5
Increased
8
Reduced
23
Closed
4

Top Buys

Rank Stock Value
1
SE icon
Sea Limited
SE
+$14.3M
2
JD icon
JD.com
JD
+$10.9M
3
AVGO icon
Broadcom
AVGO
+$6.78M
4
LRCX icon
Lam Research
LRCX
+$6.41M
5
EDU icon
New Oriental
EDU
+$4.06M

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$45.6M
2
YUMC icon
Yum China
YUMC
+$42.2M
3
BEKE icon
KE Holdings
BEKE
+$34.8M
4
TME icon
Tencent Music
TME
+$26.6M
5
BZ icon
Kanzhun
BZ
+$22.7M

Sector Composition

Rank Sector Weight
1 Technology 33.42%
2 Consumer Discretionary 28.54%
3 Communication Services 12.35%
4 Real Estate 9.95%
5 Healthcare 8.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YMM icon
1
Full Truck Alliance
YMM
$9.99B
$50.8M 10.01%
6,989,294
-1,981,589
-22% -$13.2M
BEKE icon
2
KE Holdings
BEKE
$18.8B
$50.5M 9.95%
3,677,481
-2,492,214
-40% -$34.8M
LEGN icon
3
Legend Biotech
LEGN
$4.01B
$42.2M 8.31%
751,935
-57,639
-7% -$3.48M
PDD icon
4
Pinduoduo
PDD
$131B
$41.9M 8.26%
360,693
-347,891
-49% -$45.6M
YUMC icon
5
Yum China
YUMC
$16.3B
$35.9M 7.08%
903,001
-1,069,050
-54% -$42.2M
TCOM icon
6
Trip.com Group
TCOM
$29.1B
$28.3M 5.57%
644,541
+37,804
+6% +$1.54M
NVDA icon
7
NVIDIA
NVDA
$5.42T
$27.4M 5.4%
303,310
-141,870
-32% -$10.3M
TSM icon
8
TSMC
TSM
$2.18T
$22.5M 4.43%
165,439
-167,534
-50% -$20.8M
ZH
9
Zhihu
ZH
$279M
$22.3M 4.39%
5,428,522
+292,219
+6% +$1.37M
TME icon
10
Tencent Music
TME
$15.6B
$20.2M 3.99%
1,809,513
-2,713,507
-60% -$26.6M
SE icon
11
Sea Limited
SE
$69.5B
$16.7M 3.3%
+311,619
New +$14.3M
AVGO icon
12
Broadcom
AVGO
$2.04T
$16.1M 3.17%
121,350
+54,760
+82% +$6.78M
ASML icon
13
ASML
ASML
$669B
$14.8M 2.91%
15,233
-716
-4% -$635K
LRCX icon
14
Lam Research
LRCX
$390B
$13.9M 2.74%
142,900
+72,850
+104% +$6.41M
JD icon
15
JD.com
JD
$44.5B
$12.2M 2.41%
+447,150
New +$10.9M
BZ icon
16
Kanzhun
BZ
$7.36B
$12.2M 2.4%
694,441
-1,438,215
-67% -$22.7M
MU icon
17
Micron Technology
MU
$991B
$10.7M 2.1%
90,467
-6,289
-6% -$569K
ACMR icon
18
ACM Research
ACMR
$5.79B
$10.6M 2.09%
364,344
-326,513
-47% -$7.47M
EDU icon
19
New Oriental
EDU
$8.98B
$8.24M 1.62%
94,905
+47,862
+102% +$4.06M
NU icon
20
Nu Holdings
NU
$66.9B
$8.04M 1.58%
674,165
-153,231
-19% -$1.56M
NTES icon
21
NetEase
NTES
$84.7B
$7.99M 1.57%
77,206
-21,644
-22% -$2.21M
BABA icon
22
Alibaba
BABA
$308B
$4.92M 0.97%
68,036
+1,830
+3% +$134K
HDB icon
23
HDFC Bank
HDB
$121B
$3.4M 0.67%
121,556
-44,992
-27% -$1.28M
IBN icon
24
ICICI Bank
IBN
$108B
$2.89M 0.57%
109,265
-87,499
-44% -$2.18M
MNSO icon
25
MINISO
MNSO
$3.75B
$2.6M 0.51%
126,756
-341,031
-73% -$6.53M
1
2

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DIGDR
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PPC
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BCM
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DP
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Matthews International Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Matthews International Capital Management held 42 positions worth $508M, down 29% from $712M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Matthews International Capital Management withdrew a net $223M in Q1 2024, closing 4 positions and reducing 23 holdings. Its most notable exit was Melco Resorts & Entertainment, an estimated $7.04M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Matthews International Capital Management opened a new position in Sea Limited worth $16.7M.

  • Matthews International Capital Management's largest Q1 2024 buy was Sea Limited: 311,619 shares worth $16.7M.
  • Matthews International Capital Management added most to Broadcom in Q1 2024, an estimated $6.78M increase.
  • Matthews International Capital Management's biggest Q1 2024 reduction was Pinduoduo, cutting an estimated $45.6M.
  • Matthews International Capital Management fully exited Melco Resorts & Entertainment in Q1 2024, selling an estimated $7.04M.
  • Matthews International Capital Management's ten largest holdings make up 67% of its $508M portfolio in Q1 2024.
  • Matthews International Capital Management opened 5 new positions and closed 4 in Q1 2024.
  • Matthews International Capital Management's portfolio value fell 29% quarter-over-quarter to $508M.

Based on Matthews International Capital Management's 13F filing for Q1 2024, filed 15 Apr 2024.