MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

Registered adviser

CIK

1028074

Location

SAN FRANCISCO, CA

Portfolio Value

Small $290,072,537

Diversification

Diversified

Filing Date

Global Rank

#5,350 / 8,820 ▲ 182

Top Industry

Semiconductors 30.2%

Period ended 4 months ago

Filed Jul 31, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 106054

Roster of Oct 1, 2026

Regulatory AUM

$6,634,291,608

Main clients

Registered funds and BDCs (77% of AUM)

Private funds

2 funds · Other private funds

Focus by gross assets, Schedule D of Dec 2, 2024

$100,386,943 gross assets

Registered funds advised

24 series (0 index, 12 ETFs)

$5,020,827,000 net assets· N-CEN Dec 31, 2025

LEI

549300EWYMD78NBU6N05

Private funds on Schedule D 7.B.(1)

As filed Dec 2, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$133,094,142 gross assets in 4 funds Other private funds $133,094,142 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$6,634,291,608	Registered funds and BDCs (77%)
Apr 2025 to Mar 2026	$6,868,808,553	Registered funds and BDCs (80%)
Apr 2024 to Mar 2025	$9,316,020,320	Registered funds and BDCs (79%)
May 2023 to Mar 2024	$12,965,941,255	Registered funds and BDCs (82%)
Apr 2023	$12,965,941,255	Registered funds and BDCs (82%)
Apr 2022 to Mar 2023	$25,187,766,199	Registered funds and BDCs (86%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Growth Form ADV Part 2A, Jul 29, 2026 · original

In the firm's words

Fundamental active: When assessing the fundamentals analysis of the company, Portfolio Managers review the research conclusions of the team
Value: We are pragmatic, skeptical, and factbased investors, seeking companies that have strong fundamentals, competitive advantages, attractive valuations and that meet our high standards of corporate governance.
Growth: We look to understand the drivers of long-term future growth through our due diligence process

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 65.0% of the book (60%+)

Turnover

Medium turnover

53.8% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+), a floor since 21.6% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 91.8%; sector active share 33.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

31 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.7%

+2.4 pts

Top 5

45.1%

+4.1 pts

Top 10

65.0%

+5.0 pts

HHI

600

Diversified+83

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	45.6%	$132,235,398	8
Consumer Cyclical	17.1%	$49,607,405	5
Financial Services	16.4%	$47,715,376	8
Healthcare	9.1%	$26,490,642	1
Basic Materials	4.6%	$13,405,392	3
Communication Services	3.9%	$11,436,612	2
Energy	1.6%	$4,600,832	1
Consumer Defensive	1.4%	$4,017,083	1
Unclassified	0.2%	$563,797	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	+805,941	2,079,000	$7,837,830
YMM	Full Truck Alliance Co. Ltd.	+609,468	867,295	$7,042,435
UMC	United Microelectronics Corp	+488,049	1,465,694	$39,881,533
ITUB	Itau Unibanco Holding S.A.	+388,269	1,356,913	$11,085,979
KC	Kingsoft Cloud Holdings Ltd	+257,447	477,826	$4,324,325
ATAT	Atour Lifestyle Holdings Ltd	+131,238	350,616	$11,149,588
QFIN	Qfin Holdings, Inc.	+94,932	372,081	$5,882,600
BZ	Kanzhun Ltd	+91,128	787,745	$10,138,278
BVN	Buenaventura Mining Co Inc	+46,075	175,062	$5,127,565
FCX	Freeport-Mcmoran Inc	+11,755	99,691	$6,269,566
IFS	Intercorp Financial Services Inc.	+9,554	81,938	$4,667,188
CPNG	Coupang, Inc.	+1,478	177,538	$3,083,835
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
YUMC	Yum China Holdings, Inc.	−183,745	371,166	$15,169,554
CYD	China Yuchai International Ltd	−109,414	214,620	$10,175,134
HDB	Hdfc Bank Ltd	−98,387	188,264	$4,862,859
IBN	Icici Bank Ltd	−79,294	217,511	$6,314,344
PDD	PDD Holdings Inc.	−67,442	131,480	$10,029,294
MU	Micron Technology Inc	−12,193	16,950	$19,565,215
BIDU	Baidu, Inc.	−12,003	11,360	$1,298,334
LEGN	Legend Biotech Corp	−8,654	917,266	$26,490,642
LRCX	Lam Research Corp	−7,840	20,295	$8,794,432
ACMR	ACM Research, Inc.	−6,419	132,396	$16,799,728
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−3,900	58,609	$27,989,900
NU	Nu Holdings Ltd.	−1,613	504,130	$6,735,176
VALE	Vale S.A.	−543	133,528	$2,008,261
PBR	Petrobras - Petroleo Brasileiro SA	−489	284,705	$4,600,832
FMX	Mexican Economic Development Inc	−57	31,408	$4,017,083
BAP	Credicorp Ltd	−23	12,817	$4,993,246
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
XP	XP Inc.	195,202	$3,173,984
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
FUTU	Futu Holdings Ltd	68,723	$9,398,557
SE	Sea Ltd	28,621	$2,370,105
TCOM	Trip.com Group Ltd	39,529	$1,968,148
GLOB	Globant S.A.	6,399	$295,057
SKM	Sk Telecom Co Ltd	3,326	$97,418
AGBK	AGI Inc	9,564	$69,530
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 tracked positions · $290,072,537 total · filing declares 32 positions · $291,720,273 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
UMC	United Microelectronics Corp Technology	Added	1,465,694	+488,049	$39,881,533	+354.3%	2	$12.20	13.75%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	58,609	-3,900	$27,989,900	+32.5%	26+	before history	9.65%
LEGN	Legend Biotech Corp Healthcare	Reduced	917,266	-8,654	$26,490,642	+58.2%	25	unpriced	9.13%
MU	Micron Technology Inc Technology	Reduced	16,950	-12,193	$19,565,215	+98.7%	26+	before history	6.74%
ACMR	ACM Research, Inc. Technology	Reduced	132,396	-6,419	$16,799,728	+207.6%	20	$30.59	5.79%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	371,166	-183,745	$15,169,554	−44.0%	26+	before history	5.23%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Added	350,616	+131,238	$11,149,588	+38.1%	9	$27.79	3.84%
ITUB	Itau Unibanco Holding S.A. Financial Services	Added	1,356,913	+388,269	$11,085,979	+36.6%	8	unpriced	3.82%
CYD	China Yuchai International Ltd Consumer Cyclical	Reduced	214,620	-109,414	$10,175,134	−18.4%	4	$42.00	3.51%
BZ	Kanzhun Ltd Communication Services	Added	787,745	+91,128	$10,138,278	+8.7%	18	$16.39	3.50%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	131,480	-67,442	$10,029,294	−50.7%	20	$99.80	3.46%
LRCX	Lam Research Corp Technology	Reduced	20,295	-7,840	$8,794,432	+46.3%	14	$104.46	3.03%
GRAB	Grab Holdings Ltd Technology	Added	2,079,000	+805,941	$7,837,830	+68.2%	8	$3.69	2.70%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	867,295	+609,468	$7,042,435	+229.1%	21	unpriced	2.43%
NU	Nu Holdings Ltd. Financial Services	Reduced	504,130	-1,613	$6,735,176	−7.3%	14	$14.34	2.32%
IBN	Icici Bank Ltd Financial Services	Reduced	217,511	-79,294	$6,314,344	−17.9%	19	$27.44	2.18%
FCX	Freeport-Mcmoran Inc Basic Materials	Added	99,691	+11,755	$6,269,566	+21.3%	14	$59.53	2.16%
QFIN	Qfin Holdings, Inc. Financial Services	Added	372,081	+94,932	$5,882,600	+64.4%	6	$33.69	2.03%
BVN	Buenaventura Mining Co Inc Basic Materials	Added	175,062	+46,075	$5,127,565	+10.3%	7	$32.61	1.77%
BAP	Credicorp Ltd Financial Services	Reduced	12,817	-23	$4,993,246	+14.7%	2	$335.22	1.72%
HDB	Hdfc Bank Ltd Financial Services	Reduced	188,264	-98,387	$4,862,859	−31.8%	24	$32.75	1.68%
IFS	Intercorp Financial Services Inc. Financial Services	Added	81,938	+9,554	$4,667,188	+28.4%	2	$47.75	1.61%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Reduced	284,705	-489	$4,600,832	−22.3%	2	$16.00	1.59%
KC	Kingsoft Cloud Holdings Ltd Technology	Added	477,826	+257,447	$4,324,325	+46.9%	2	$13.48	1.49%
FMX	Mexican Economic Development Inc Consumer Defensive	Reduced	31,408	-57	$4,017,083	+15.0%	5	$103.18	1.38%
XP	XP Inc. Financial Services	NEW	195,202	NEW	$3,173,984	NEW	1	$17.83	1.09%
CPNG	Coupang, Inc. Consumer Cyclical	Added	177,538	+1,478	$3,083,835	−7.2%	17	$24.42	1.06%
VALE	Vale S.A. Basic Materials	Reduced	133,528	-543	$2,008,261	−5.9%	3	$12.19	0.69%
BIDU	Baidu, Inc. Communication Services	Reduced	11,360	-12,003	$1,298,334	−50.1%	2	$135.60	0.45%
MKOR	Matthews Korea Active ETF	Held	5,032	0	$333,767	+52.0%	8	$25.73	0.12%
ADVE	Matthews International Funds	Held	5,000	0	$230,030	+10.4%	5	$33.52	0.08%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.