THOMAS WHITE INTERNATIONAL LTD

CIK

1092351

Location

CHICAGO, IL

Portfolio Value

Small $301,490,016

Diversification

Diversified

Filing Date

Global Rank

#2,670 / 6,900 ▼ 86 · as of Jun 2023

Top Industry

Semiconductors 9.4%

3Y Alpha vs SPY

+4.8%

Period ended 3 years ago

Filed Aug 14, 2023 · 2y

14 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+102.2%

SPY

+76.5%

Annualised alpha

+5.6%

Max drawdown

−16.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

185 positions · as of Jun 30, 2023 · Δ vs Mar 31, 2023

Top Position

6.7%

+0.1 pts

Top 5

19.2%

−1.0 pts

Top 10

30.7%

−1.6 pts

HHI

177

Diversified−5

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2023

Sector	% Portfolio	Value	Positions
Technology	19.9%	$59,923,770	25
Financial Services	19.5%	$58,711,333	28
Industrials	12.6%	$37,872,779	30
Consumer Cyclical	10.0%	$30,246,887	22
Communication Services	9.8%	$29,411,476	8
Energy	8.6%	$26,060,285	9
Basic Materials	8.3%	$24,971,613	15
Healthcare	6.5%	$19,555,969	28
Consumer Defensive	2.1%	$6,470,777	5
Real Estate	1.5%	$4,657,484	9
Utilities	1.2%	$3,588,465	5
Unclassified	0.0%	$19,178	1

Last Quarter's Activity

Export CSV

Jun 30, 2023 vs Mar 31, 2023

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	+392,069	392,156	$5,423,517
SUZ	Suzano S.A.	+155,324	709,622	$6,542,714
SBLK	Star Bulk Carriers Corp.	+88,102	421,984	$7,469,116
EMBJ	Embraer S.A.	+30,002	331,084	$5,118,558
ICL	ICL Group Ltd.	+15,605	80,354	$440,339
NTR	Nutrien Ltd.	+14,567	50,863	$3,003,460
PYPL	PayPal Holdings, Inc.	+8,757	12,972	$865,621
SIMO	Silicon Motion Technology CORP	+5,540	85,983	$6,178,738
AEE	Ameren Corp	+4,006	14,368	$1,173,434
PEP	Pepsico Inc	+3,884	7,414	$1,373,221
LNT	Alliant Energy Corp	+2,787	24,274	$1,273,899
AAPL	Apple Inc.	+2,454	30,635	$5,942,270
MSI	Motorola Solutions, Inc.	+2,264	3,114	$913,273
AVB	Avalonbay Communities Inc	+1,403	6,629	$1,254,670
DHR	Danaher Corp /De/	+1,289	3,717	$790,851
EGP	Eastgroup Properties Inc	+943	1,837	$318,903
ADBE	Adobe Inc.	+739	2,940	$1,437,630
INTU	Intuit Inc.	+638	1,906	$873,310
ING	Ing Groep NV	+635	142,094	$1,914,006
TMO	Thermo Fisher Scientific Inc.	+499	2,114	$1,102,979
STLA	Stellantis N.V.	+97	126,606	$2,220,669
ABLZF	Abb Ltd	+78	15,380	$598,743
ELV	Elevance Health, Inc.	+3	11	$4,887
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KT	Kt Corp	−164,219	155,823	$1,760,799
E	Eni Spa	−138,367	300	$8,637
WF	Woori Financial Group Inc.	−106,007	211	$5,686
INFY	Infosys Ltd	−23,738	358,752	$5,765,144
IBN	Icici Bank Ltd	−18,655	378,607	$8,738,249
SHG	Shinhan Financial Group Co Ltd	−16,742	182,550	$4,757,253
BAESY	Bae Systems PLC /Fi/	−14,966	56,298	$2,700,052
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−13,098	199,314	$20,114,768
SHEL	Shell plc	−11,918	207,097	$12,504,516
KB	KB Financial Group Inc.	−9,618	235,530	$8,573,292
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	−9,474	118,517	$3,160,848
FCX	Freeport-Mcmoran Inc	−8,078	109,563	$4,382,520
HDB	Hdfc Bank Ltd	−7,559	143,388	$4,997,071
BABA	Alibaba Group Holding Ltd	−7,368	96,153	$8,014,352
PUK	Prudential PLC	−6,533	226,395	$6,411,506
SKM	Sk Telecom Co Ltd	−6,439	398,958	$7,783,670
FIS	Fidelity National Information Services, Inc.	−6,081	1,768	$96,709
ZTO	ZTO Express (Cayman) Inc.	−5,990	66,586	$1,669,976
JD	JD.com, Inc.	−5,709	101,701	$3,471,055
PDD	PDD Holdings Inc.	−5,432	93,696	$6,478,141
RDY	Dr Reddys Laboratories Ltd	−5,368	61,850	$780,670
GXO	GXO Logistics, Inc.	−5,110	1,456	$91,465
PLD	Prologis, Inc.	−2,686	7,823	$959,334
BIDU	Baidu, Inc.	−2,379	34,456	$4,717,370
MT	ArcelorMittal	−1,395	96,742	$2,644,926
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
FTI	TechnipFMC plc	210,807	$3,503,612
TV	Grupo Televisa, S.A.B.	352,353	$1,807,570
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V.	121,624	$1,696,654
CP	Canadian Pacific Kansas City Ltd/Cn	5,594	$451,827
AME	Ametek Inc/	1,798	$291,060
BNO	United States Brent Oil Fund, LP	753	$19,178
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
PKX	Posco Holdings Inc.	37,639	$2,623,061
SU	Suncor Energy Inc	54,505	$1,692,380
ST	Sensata Technologies Holding plc	11,321	$566,276
CFG	Citizens Financial Group Inc/Ri	16,595	$503,990
C	Citigroup Inc	10,542	$494,314
GPN	Global Payments Inc	2,865	$301,512
BAX	Baxter International Inc	6,912	$280,350
KMI	Kinder Morgan, Inc.	15,581	$272,823
FFIV	F5, Inc.	1,751	$255,103
XPO	XPO, Inc.	5,110	$163,009
GGB	Gerdau S.A.	6,366	$26,153
CX	Cemex Sab De CV	1,186	$6,558
BBD	Bank Bradesco	1,400	$3,668
BN	BROOKFIELD Corp /ON/	59	$1,281
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

185 positions · $301,490,016 total · as of Jun 30, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 185 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	199,314	-13,098	$20,114,768	+1.8%	6.67%
SHEL	Shell plc Energy	Reduced	207,097	-11,918	$12,504,516	−0.8%	4.15%
IBN	Icici Bank Ltd Financial Services	Reduced	378,607	-18,655	$8,738,249	+1.9%	2.90%
KB	KB Financial Group Inc. Financial Services	Reduced	235,530	-9,618	$8,573,292	−4.0%	2.84%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	96,153	-7,368	$8,014,352	−24.2%	2.66%
SKM	Sk Telecom Co Ltd Communication Services	Reduced	398,958	-6,439	$7,783,670	−6.4%	2.58%
SBLK	Star Bulk Carriers Corp. Industrials	Added	421,984	+88,102	$7,469,116	+5.9%	2.48%
SUZ	Suzano S.A. Basic Materials	Added	709,622	+155,324	$6,542,714	+43.8%	2.17%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	93,696	-5,432	$6,478,141	−13.9%	2.15%
PUK	Prudential PLC Financial Services	Reduced	226,395	-6,533	$6,411,506	+0.7%	2.13%
SIMO	Silicon Motion Technology CORP Technology	Added	85,983	+5,540	$6,178,738	+17.2%	2.05%
AAPL	Apple Inc. Technology	Added	30,635	+2,454	$5,942,270	+27.9%	1.97%
DTEGY	Deutsche Telekom AG Communication Services	Reduced	269,922	-549	$5,897,795	−9.9%	1.96%
MSFT	Microsoft Corp Technology	Held	17,270	0	$5,881,125	+18.1%	1.95%
INFY	Infosys Ltd Technology	Reduced	358,752	-23,738	$5,765,144	−13.6%	1.91%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	392,156	+392,069	$5,423,517	+597862.2%	1.80%
EMBJ	Embraer S.A. Industrials	Added	331,084	+30,002	$5,118,558	+3.9%	1.70%
HDB	Hdfc Bank Ltd Financial Services	Reduced	143,388	-7,559	$4,997,071	−0.7%	1.66%
SHG	Shinhan Financial Group Co Ltd Financial Services	Reduced	182,550	-16,742	$4,757,253	−11.4%	1.58%
BIDU	Baidu, Inc. Communication Services	Reduced	34,456	-2,379	$4,717,370	−15.1%	1.56%
HSBC	Hsbc Holdings PLC Financial Services	Reduced	111,793	-97	$4,429,238	+16.0%	1.47%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	109,563	-8,078	$4,382,520	−8.9%	1.45%
ASML	Asml Holding NV Technology	Reduced	5,318	-10	$3,854,220	+6.3%	1.28%
FTI	TechnipFMC plc Energy	NEW	210,807	NEW	$3,503,612	NEW	1.16%
JD	JD.com, Inc. Consumer Cyclical	Reduced	101,701	-5,709	$3,471,055	−26.4%	1.15%
LIN	Linde PLC Basic Materials	Reduced	8,795	-38	$3,351,598	+6.8%	1.11%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Reduced	118,517	-9,474	$3,160,848	−9.4%	1.05%
WCN	Waste Connections, Inc. Industrials	Reduced	22,023	-35	$3,147,747	+2.6%	1.04%
NTR	Nutrien Ltd. Basic Materials	Added	50,863	+14,567	$3,003,460	+12.1%	1.00%
DEO	Diageo PLC Consumer Defensive	Reduced	17,020	-63	$2,952,629	−4.6%	0.98%
ESLT	Elbit Systems Ltd Industrials	Reduced	13,737	-26	$2,870,483	+22.5%	0.95%
BAESY	Bae Systems PLC /Fi/ Industrials	Reduced	56,298	-14,966	$2,700,052	−23.3%	0.90%
MT	ArcelorMittal Basic Materials	Reduced	96,742	-1,395	$2,644,926	−10.5%	0.88%
BCS	Barclays PLC Financial Services	Reduced	313,689	-235	$2,465,595	+9.2%	0.82%
AMZN	Amazon Com Inc Consumer Cyclical	Held	18,720	0	$2,440,339	+26.2%	0.81%
SMFG	Sumitomo Mitsui Financial Group, Inc. Financial Services	Reduced	275,348	-1,126	$2,367,992	+7.1%	0.79%
GOOGL	Alphabet Inc. Communication Services	Held	18,820	0	$2,252,754	+15.4%	0.75%
STLA	Stellantis N.V. Consumer Cyclical	Added	126,606	+97	$2,220,669	−3.5%	0.74%
SNY	Sanofi Healthcare	Reduced	39,691	-3	$2,139,344	−1.0%	0.71%
V	Visa Inc. Financial Services	Held	8,854	0	$2,102,647	+5.3%	0.70%
META	Meta Platforms, Inc. Communication Services	Held	7,076	0	$2,030,670	+35.4%	0.67%
JPM	Jpmorgan Chase & Co Financial Services	Held	13,647	0	$1,984,819	+11.6%	0.66%
MRK	Merck & Co., Inc. Healthcare	Held	16,684	0	$1,925,166	+8.5%	0.64%
ING	Ing Groep NV Financial Services	Added	142,094	+635	$1,914,006	+14.0%	0.63%
TV	Grupo Televisa, S.A.B. Communication Services	NEW	352,353	NEW	$1,807,570	NEW	0.60%
SNPS	Synopsys Inc Technology	Held	4,103	0	$1,786,487	+12.7%	0.59%
KT	Kt Corp Communication Services	Reduced	155,823	-164,219	$1,760,799	−51.5%	0.58%
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Industrials	NEW	121,624	NEW	$1,696,654	NEW	0.56%
ZTO	ZTO Express (Cayman) Inc. Industrials	Reduced	66,586	-5,990	$1,669,976	−19.7%	0.55%
TS	Tenaris SA Energy	Reduced	55,756	-578	$1,669,892	+4.3%	0.55%