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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
-0.05%
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
$246M
AUM Growth
-$82.9M
Cap. Flow
-$48.2M
Cap. Flow %
-19.57%
Top 10 Hldgs %
58.1%
Holding
47
New
7
Increased
13
Reduced
14
Closed
10

Top Buys

Rank Stock Value
1
YUMC icon
Yum China
YUMC
+$12.6M
2
CYD icon
China Yuchai International
CYD
+$11.7M
3
TSM icon
TSMC
TSM
+$10.2M
4
UMC icon
United Microelectronic
UMC
+$9.54M
5
FCX icon
Freeport-McMoran
FCX
+$4.87M

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$18M
2
SE icon
Sea Limited
SE
+$16.1M
3
TCOM icon
Trip.com Group
TCOM
+$13.5M
4
FUTU icon
Futu Holdings
FUTU
+$12.8M
5
MMYT icon
MakeMyTrip
MMYT
+$10.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 30.67%
2 Technology 24.85%
3 Financials 20.79%
4 Healthcare 6.8%
5 Communication Services 4.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUMC icon
1
Yum China
YUMC
$16.3B
$27.1M 10.98%
554,911
+242,785
+78% +$12.6M
TSM icon
2
TSMC
TSM
$2.18T
$21.1M 8.57%
62,509
+29,782
+91% +$10.2M
PDD icon
3
Pinduoduo
PDD
$131B
$20.3M 8.25%
198,922
-171,718
-46% -$18M
LEGN icon
4
Legend Biotech
LEGN
$4.01B
$16.7M 6.8%
925,920
-30,904
-3% -$589K
CYD icon
5
China Yuchai International
CYD
$1.78B
$12.5M 5.06%
324,034
+262,165
+424% +$11.7M
MU icon
6
Micron Technology
MU
$991B
$9.85M 3.99%
29,143
+1,417
+5% +$555K
FUTU icon
7
Futu Holdings
FUTU
$15.3B
$9.4M 3.81%
68,723
-82,183
-54% -$12.8M
BZ icon
8
Kanzhun
BZ
$7.36B
$9.33M 3.78%
696,617
-132,792
-16% -$2.25M
UMC icon
9
United Microelectronic
UMC
$46.9B
$8.78M 3.56%
+977,645
New +$9.54M
ITUB icon
10
Itaú Unibanco
ITUB
$87.5B
$8.12M 3.29%
968,644
-181,304
-16% -$1.52M
ATAT icon
11
Atour Lifestyle Holdings
ATAT
$4.8B
$8.08M 3.28%
219,378
+55,389
+34% +$2.09M
IBN icon
12
ICICI Bank
IBN
$108B
$7.69M 3.12%
296,805
-72,687
-20% -$2.13M
NU icon
13
Nu Holdings
NU
$66.9B
$7.27M 2.95%
505,743
+73,593
+17% +$1.19M
HDB icon
14
HDFC Bank
HDB
$121B
$7.13M 2.89%
286,651
-57,265
-17% -$1.78M
LRCX icon
15
Lam Research
LRCX
$390B
$6.01M 2.44%
28,135
+6,030
+27% +$1.35M
PBR icon
16
Petrobras
PBR
$116B
$5.92M 2.4%
+285,194
New +$4.56M
ACMR icon
17
ACM Research
ACMR
$5.79B
$5.46M 2.22%
138,815
-48,435
-26% -$2.57M
FCX icon
18
Freeport-McMoran
FCX
$97.5B
$5.17M 2.1%
87,936
+80,583
+1,096% +$4.87M
GRAB icon
19
Grab
GRAB
$14.9B
$4.66M 1.89%
1,273,059
-1,094,411
-46% -$4.64M
BVN icon
20
Compañía de Minas Buenaventura
BVN
$8.67B
$4.65M 1.89%
128,987
+106,898
+484% +$3.86M
BAP icon
21
Credicorp
BAP
$30.7B
$4.36M 1.77%
+12,840
New +$4.3M
IFS icon
22
Intercorp Financial Services
IFS
$6.55B
$3.63M 1.47%
+72,384
New +$3.44M
QFIN icon
23
Qfin Holdings
QFIN
$1.61B
$3.58M 1.45%
277,149
– –
FMX icon
24
Fomento Económico Mexicano
FMX
$41.7B
$3.49M 1.42%
31,465
+174
+0.6% +$18.7K
CPNG icon
25
Coupang
CPNG
$29.2B
$3.32M 1.35%
176,060
-193,915
-52% -$3.8M
1
2

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Matthews International Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Matthews International Capital Management held 47 positions worth $246M, down 25% from $329M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Matthews International Capital Management withdrew a net $48.2M in Q1 2026, closing 10 positions and reducing 14 holdings. Its most notable exit was MakeMyTrip, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 39% a quarter earlier, followed by Technology and Financials.

Against the trend, Matthews International Capital Management opened a new position in United Microelectronic worth $8.78M.

  • Matthews International Capital Management's largest Q1 2026 buy was United Microelectronic: 977,645 shares worth $8.78M.
  • Matthews International Capital Management added most to Yum China in Q1 2026, an estimated $12.6M increase.
  • Matthews International Capital Management's biggest Q1 2026 reduction was Pinduoduo, cutting an estimated $18M.
  • Matthews International Capital Management fully exited MakeMyTrip in Q1 2026, selling an estimated $10.4M.
  • Matthews International Capital Management's ten largest holdings make up 58% of its $246M portfolio in Q1 2026.
  • Matthews International Capital Management opened 7 new positions and closed 10 in Q1 2026.
  • Matthews International Capital Management's portfolio value fell 25% quarter-over-quarter to $246M.

Based on Matthews International Capital Management's 13F filing for Q1 2026, filed 4 May 2026.