MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC
CIK
1028074
Location
SAN FRANCISCO, CA
Portfolio Value
Small
$232,237,918
Diversification
Diversified
Filing Date
Global Rank
#3,892
/ 8,621
▼ 421
· as of Mar 2026
Top Industry
Semiconductors
17.1%
3Y Alpha vs SPY
-15.8%
Period ended 4 months ago
Filed May 4, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+4.7%
SPY
+67.9%
Annualised alpha
-17.3%
Max drawdown
−33.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
33 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
11.7%
−2.1 pts
Top 5
42.1%
−0.3 pts
Top 10
61.7%
−3.6 pts
HHI
539
Diversified−46
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 32.6% | $75,607,285 |
| Technology | 23.8% | $55,250,888 |
| Financial Services | 22.1% | $51,238,714 |
| Healthcare | 7.2% | $16,749,892 |
| Communication Services | 5.2% | $12,028,224 |
| Basic Materials | 5.1% | $11,950,638 |
| Energy | 2.5% | $5,917,775 |
| Consumer Defensive | 1.5% | $3,494,502 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
12 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CYD | China Yuchai International Ltd | +262,165 | 324,034 | $12,475,309 | |
| YUMC | Yum China Holdings, Inc. | +242,785 | 554,911 | $27,068,558 | |
| BVN | Buenaventura Mining Co Inc | +106,898 | 128,987 | $4,648,691 | |
| FCX | Freeport-Mcmoran Inc | +80,583 | 87,936 | $5,168,878 | |
| NU | Nu Holdings Ltd. | +73,593 | 505,743 | $7,267,526 | |
| ATAT | Atour Lifestyle Holdings Ltd | +55,389 | 219,378 | $8,075,304 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | +29,782 | 62,509 | $21,124,916 | |
| VALE | Vale S.A. | +1,639 | 134,071 | $2,133,069 | |
| MU | Micron Technology Inc | +1,417 | 29,143 | $9,845,671 | |
| SKM | Sk Telecom Co Ltd | +835 | 3,326 | $97,418 | |
| GLOB | Globant S.A. | +480 | 6,399 | $295,057 | |
| FMX | Mexican Economic Development Inc | +174 | 31,465 | $3,494,502 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
13 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GRAB | Grab Holdings Ltd | −1,094,411 | 1,273,059 | $4,659,395 | |
| YMM | Full Truck Alliance Co. Ltd. | −1,038,362 | 257,827 | $2,139,964 | |
| TCOM | Trip.com Group Ltd | −231,813 | 39,529 | $1,968,148 | |
| CPNG | Coupang, Inc. | −193,915 | 176,060 | $3,324,012 | |
| ITUB | Itau Unibanco Holding S.A. | −181,304 | 968,644 | $8,117,236 | |
| PDD | PDD Holdings Inc. | −171,718 | 198,922 | $20,325,849 | |
| SE | Sea Ltd | −150,620 | 28,621 | $2,370,105 | |
| BZ | Kanzhun Ltd | −132,792 | 696,617 | $9,327,701 | |
| FUTU | Futu Holdings Ltd | −82,183 | 68,723 | $9,398,557 | |
| IBN | Icici Bank Ltd | −72,687 | 296,805 | $7,687,249 | |
| HDB | Hdfc Bank Ltd | −57,265 | 286,651 | $7,131,876 | |
| ACMR | ACM Research, Inc. | −48,435 | 138,815 | $5,462,370 | |
| LEGN | Legend Biotech Corp | −30,904 | 925,920 | $16,749,892 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| UMC | United Microelectronics Corp | 977,645 | $8,779,252 | |
| PBR | Petrobras - Petroleo Brasileiro SA | 285,194 | $5,917,775 | |
| BAP | Credicorp Ltd | 12,840 | $4,355,071 | |
| IFS | Intercorp Financial Services Inc. | 72,384 | $3,633,676 | |
| KC | Kingsoft Cloud Holdings Ltd | 220,379 | $2,944,263 | |
| BIDU | Baidu, Inc. | 23,363 | $2,603,105 | |
| AGBK | AGI Inc | 9,564 | $69,530 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MMYT | MakeMyTrip Ltd | 126,471 | $10,385,798 | |
| BEKE | KE Holdings Inc. | 269,393 | $4,245,633 | |
| TME | Tencent Music Entertainment Group | 238,068 | $4,173,332 | |
| NTES | NetEase, Inc. | 23,901 | $3,289,255 | |
| XP | XP Inc. | 101,999 | $1,669,723 | |
| ZTO | ZTO Express (Cayman) Inc. | 70,800 | $1,479,012 | |
| KSPI | Joint Stock Co Kaspi.kz | 2,762 | $215,795 | |
| TUYA | Tuya Inc. | 8,553 | $18,046 | |
| CHA | Chagee Holdings Ltd. | 698 | $8,117 | |
| No positions match the current search. | ||||
33 positions ·
$232,237,918 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| YUMC |
Yum China Holdings, Inc.
Consumer Cyclical
|
Added | 554,911 | $27,068,558 | 11.66% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 62,509 | $21,124,916 | 9.10% | |
| PDD |
PDD Holdings Inc.
Consumer Cyclical
|
Reduced | 198,922 | $20,325,849 | 8.75% | |
| LEGN |
Legend Biotech Corp
Healthcare
|
Reduced | 925,920 | $16,749,892 | 7.21% | |
| CYD |
China Yuchai International Ltd
Consumer Cyclical
|
Added | 324,034 | $12,475,309 | 5.37% | |
| MU |
Micron Technology Inc
Technology
|
Added | 29,143 | $9,845,671 | 4.24% | |
| FUTU |
Futu Holdings Ltd
Financial Services
|
Reduced | 68,723 | $9,398,557 | 4.05% | |
| BZ |
Kanzhun Ltd
Communication Services
|
Reduced | 696,617 | $9,327,701 | 4.02% | |
| UMC |
United Microelectronics Corp
Technology
|
NEW | 977,645 | $8,779,252 | 3.78% | |
| ITUB |
Itau Unibanco Holding S.A.
Financial Services
|
Reduced | 968,644 | $8,117,236 | 3.50% | |
| ATAT |
Atour Lifestyle Holdings Ltd
Consumer Cyclical
|
Added | 219,378 | $8,075,304 | 3.48% | |
| IBN |
Icici Bank Ltd
Financial Services
|
Reduced | 296,805 | $7,687,249 | 3.31% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Added | 505,743 | $7,267,526 | 3.13% | |
| HDB |
Hdfc Bank Ltd
Financial Services
|
Reduced | 286,651 | $7,131,876 | 3.07% | |
| PBR |
Petrobras - Petroleo Brasileiro SA
Energy
|
NEW | 285,194 | $5,917,775 | 2.55% | |
| ACMR |
ACM Research, Inc.
Technology
|
Reduced | 138,815 | $5,462,370 | 2.35% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Added | 87,936 | $5,168,878 | 2.23% | |
| GRAB |
Grab Holdings Ltd
Technology
|
Reduced | 1,273,059 | $4,659,395 | 2.01% | |
| BVN |
Buenaventura Mining Co Inc
Basic Materials
|
Added | 128,987 | $4,648,691 | 2.00% | |
| BAP |
Credicorp Ltd
Financial Services
|
NEW | 12,840 | $4,355,071 | 1.88% | |
| IFS |
Intercorp Financial Services Inc.
Financial Services
|
NEW | 72,384 | $3,633,676 | 1.56% | |
| QFIN |
Qfin Holdings, Inc.
Financial Services
|
Held | 277,149 | $3,577,993 | 1.54% | |
| FMX |
Mexican Economic Development Inc
Consumer Defensive
|
Added | 31,465 | $3,494,502 | 1.50% | |
| CPNG |
Coupang, Inc.
Consumer Cyclical
|
Reduced | 176,060 | $3,324,012 | 1.43% | |
| KC |
Kingsoft Cloud Holdings Ltd
Technology
|
NEW | 220,379 | $2,944,263 | 1.27% | |
| BIDU |
Baidu, Inc.
Communication Services
|
NEW | 23,363 | $2,603,105 | 1.12% | |
| SE |
Sea Ltd
Consumer Cyclical
|
Reduced | 28,621 | $2,370,105 | 1.02% | |
| YMM |
Full Truck Alliance Co. Ltd.
Technology
|
Reduced | 257,827 | $2,139,964 | 0.92% | |
| VALE |
Vale S.A.
Basic Materials
|
Added | 134,071 | $2,133,069 | 0.92% | |
| TCOM |
Trip.com Group Ltd
Consumer Cyclical
|
Reduced | 39,529 | $1,968,148 | 0.85% | |
| GLOB |
Globant S.A.
Technology
|
Added | 6,399 | $295,057 | 0.13% | |
| SKM |
Sk Telecom Co Ltd
Communication Services
|
Added | 3,326 | $97,418 | 0.04% | |
| AGBK |
AGI Inc
Financial Services
|
NEW | 9,564 | $69,530 | 0.03% |