We are live on ! Find out more
MICM

Matthews International Capital Management Portfolio holdings

AUM $292M
1-Year Est. Return 75.01%
This Fund
S&P 500
This Quarter Est. Return
-0.81%
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
$489M
AUM Growth
-$118M
Cap. Flow
-$104M
Cap. Flow %
-21.32%
Top 10 Hldgs %
72.48%
Holding
45
New
3
Increased
14
Reduced
19
Closed
3

Top Buys

Rank Stock Value
1
CPNG icon
Coupang
CPNG
+$15.8M
2
TSM icon
TSMC
TSM
+$7.13M
3
LEGN icon
Legend Biotech
LEGN
+$6.37M
4
BZ icon
Kanzhun
BZ
+$5.71M
5
GRAB icon
Grab
GRAB
+$5.68M

Top Sells

Rank Stock Value
1
BEKE icon
KE Holdings
BEKE
+$38.5M
2
YMM icon
Full Truck Alliance
YMM
+$31.4M
3
SE icon
Sea Limited
SE
+$23.3M
4
TCOM icon
Trip.com Group
TCOM
+$15.8M
5
PDD icon
Pinduoduo
PDD
+$13.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 45.92%
2 Technology 26.89%
3 Communication Services 10.17%
4 Healthcare 7.89%
5 Financials 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDD icon
1
Pinduoduo
PDD
$131B
$64.8M 13.24%
667,954
-118,165
-15% -$13.7M
SE icon
2
Sea Limited
SE
$69.5B
$42.7M 8.72%
401,999
-222,026
-36% -$23.3M
LEGN icon
3
Legend Biotech
LEGN
$4.01B
$38.6M 7.89%
1,185,516
+153,665
+15% +$6.37M
TSM icon
4
TSMC
TSM
$2.18T
$38.6M 7.88%
195,243
+36,845
+23% +$7.13M
YUMC icon
5
Yum China
YUMC
$16.3B
$36.3M 7.41%
752,924
-140,304
-16% -$6.65M
YMM icon
6
Full Truck Alliance
YMM
$9.99B
$35.6M 7.27%
3,289,042
-3,223,629
-49% -$31.4M
TCOM icon
7
Trip.com Group
TCOM
$29.1B
$30.5M 6.24%
444,364
-238,662
-35% -$15.8M
MMYT icon
8
MakeMyTrip
MMYT
$5.64B
$27M 5.53%
240,751
+13,952
+6% +$1.5M
GRAB icon
9
Grab
GRAB
$14.9B
$23M 4.7%
4,874,167
+1,247,339
+34% +$5.68M
BEKE icon
10
KE Holdings
BEKE
$18.8B
$17.6M 3.59%
954,646
-1,868,493
-66% -$38.5M
CPNG icon
11
Coupang
CPNG
$29.2B
$15.2M 3.11%
692,388
+642,158
+1,278% +$15.8M
ZH
12
Zhihu
ZH
$279M
$15M 3.07%
4,242,237
-1,175,400
-22% -$4.36M
BZ icon
13
Kanzhun
BZ
$7.36B
$11.7M 2.39%
848,290
+388,080
+84% +$5.71M
HDB icon
14
HDFC Bank
HDB
$121B
$8.85M 1.81%
277,144
+31,500
+13% +$1.01M
TME icon
15
Tencent Music
TME
$15.6B
$8.59M 1.76%
756,957
+437,418
+137% +$5.19M
AVGO icon
16
Broadcom
AVGO
$2.04T
$8.53M 1.74%
36,808
-52,607
-59% -$9.73M
NTES icon
17
NetEase
NTES
$84.7B
$8M 1.63%
89,650
-2,865
-3% -$251K
BILI icon
18
Bilibili
BILI
$7.84B
$6.36M 1.3%
351,423
+35,692
+11% +$747K
IBN icon
19
ICICI Bank
IBN
$108B
$6.02M 1.23%
201,525
+10,256
+5% +$310K
ATAT icon
20
Atour Lifestyle Holdings
ATAT
$4.8B
$5.99M 1.22%
222,818
-241
-0.1% -$6.47K
MU icon
21
Micron Technology
MU
$991B
$5.98M 1.22%
71,005
– –
INFY icon
22
Infosys
INFY
$50.7B
$5.84M 1.19%
266,270
+241,503
+975% +$5.4M
LRCX icon
23
Lam Research
LRCX
$390B
$3.99M 0.82%
55,280
– –
ACMR icon
24
ACM Research
ACMR
$5.79B
$3.96M 0.81%
262,451
-21,279
-7% -$385K
CTSH icon
25
Cognizant
CTSH
$26B
$3.85M 0.79%
50,108
+17,134
+52% +$1.34M
1
2

Similar funds

LFC
LCC Family Corp Toronto $292M AUM 47.92% 1-Year Est. Return
FPM
Francisco Partners Management San Francisco, California $292M AUM 34.13% 1-Year Est. Return
DIGDR
Dynamo Internacional Gestao de Recursos Rio De Janeiro, Brazil $292M AUM 6.08% 1-Year Est. Return
PPC
Pennington Partners & Co Bethesda, Maryland $292M AUM 14.64% 1-Year Est. Return
BCM
Barometer Capital Management Toronto, Ontario, Canada $292M AUM 86.78% 1-Year Est. Return
DP
Denver PWM Denver, Colorado $291M AUM 12.15% 1-Year Est. Return
NC
Nixon Capital Austin, Texas $293M AUM 19.56% 1-Year Est. Return
EPIME
Evelyn Partners Investment Management (Europe) Dublin $291M AUM 20.34% 1-Year Est. Return

Matthews International Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Matthews International Capital Management held 45 positions worth $489M, down 19% from $607M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Matthews International Capital Management withdrew a net $104M in Q4 2024, closing 3 positions and reducing 19 holdings. Its most notable exit was Despegar.com, an estimated $211K position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, down from 46% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Matthews International Capital Management opened a new position in Pony AI Inc worth $1.65M.

  • Matthews International Capital Management's largest Q4 2024 buy was Pony AI Inc: 115,290 shares worth $1.65M.
  • Matthews International Capital Management added most to Coupang in Q4 2024, an estimated $15.8M increase.
  • Matthews International Capital Management's biggest Q4 2024 reduction was KE Holdings, cutting an estimated $38.5M.
  • Matthews International Capital Management fully exited Despegar.com in Q4 2024, selling an estimated $211K.
  • Matthews International Capital Management's ten largest holdings make up 72% of its $489M portfolio in Q4 2024.
  • Matthews International Capital Management opened 3 new positions and closed 3 in Q4 2024.
  • Matthews International Capital Management's portfolio value fell 19% quarter-over-quarter to $489M.

Based on Matthews International Capital Management's 13F filing for Q4 2024, filed 22 Jan 2025.