How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to MATTHEWS INTERNATIONAL

13F Portfolio OverlapQ1 2026MATTHEWS INTERNATIONAL portfolio →

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Most similar hedge funds by 13F overlap

MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC is an institutional investor managing $246M across 37 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to MATTHEWS INTERNATIONAL are True Light Pte. Ltd., Westwood Global Investments,, Perseverance Asset International, with shared positions in $YUMC, $PDD, $TCOM, $ITUB, $GGAL, $BVN. The full ranking of 25 similar funds is below.

#1True Light Capital Pte. Ltd.Active

Substantial overlap · 3 shared positions

$YUMC $PDD $TCOM

$198M

8 positions

#2Westwood Global Investments, LLCSmart money

Notable overlap · 7 shared positions

$YUMC $ITUB $GGAL $BVN $BAP $HDB

$2.7B

12 positions

#3Perseverance Asset Management InternationalActive

Notable overlap · 6 shared positions

$PDD $YUMC $BZ $FUTU $TCOM $MU

$909M

21 positions

#4Hillhouse Capital Advisors, Ltd.Smart money

Notable overlap · 3 shared positions

$PDD $LEGN $FUTU

$1.7B

38 positions

#5Greenwoods Asset Management Hong Kong Ltd.Smart money

Notable overlap · 7 shared positions

$PDD $FUTU $ATAT $QFIN $SE $YMM

$3.9B

25 positions

#6XY Capital LtdPassive

Notable overlap · 4 shared positions

$YUMC $IBN $HDB $KC

$101M

95 positions

#7Triata Capital LtdSmart money

Notable overlap · 6 shared positions

$PDD $ATAT $LEGN $QFIN $YMM $TCOM

$552M

14 positions

#8Mondrian Investment Partners LTDActive

Notable overlap · 5 shared positions

$YUMC $PBR $HDB $YMM $VALE

$6.7B

103 positions

#9Parametrica Management LtdActive

Notable overlap · 6 shared positions

$MU $FUTU $PDD $NU $SE $GRAB

$88M

20 positions

#10Avanda Investment Management Pte. Ltd.Active

Notable overlap · 4 shared positions

$YUMC $LRCX $MU $SE

$63M

24 positions

#11BRILLIANCE ASSET MANAGEMENT LTDActive

Notable overlap · 5 shared positions

$PDD $BZ $FUTU $YMM $TCOM

$339M

16 positions

#12FACT Capital, LPActive

Notable overlap · 4 shared positions

$PDD $ATAT $IBN $FUTU

$150M

17 positions

#13Krane Funds Advisors LLCActive

Notable overlap · 4 shared positions

$PDD $BZ $QFIN $YMM

$2.4B

173 positions

#14Kora Management LPSmart money

Notable overlap · 4 shared positions

$PDD $GGAL $NU $SE

$702M

9 positions

#15Itau Unibanco Holding S.A.Active

Notable overlap · 8 shared positions

$ITUB $NU $PBR $BAP $FMX $SE

$4.2B

342 positions

#16E Fund Management (Hong Kong) Co., Ltd.Passive

Notable overlap · 5 shared positions

$PDD $YUMC $MU $BZ $LRCX

$220M

491 positions

#17SC CHINA HOLDING LtdSmart money

Notable overlap · 3 shared positions

$PDD $FUTU $BZ

$1.6B

20 positions

#18E Fund Management Co., Ltd.Passive

Notable overlap · 7 shared positions

$PDD $MU $FUTU $YMM $LRCX $BZ

$3.4B

489 positions

#19DISCOVERY CAPITAL MANAGEMENT, LLC / CTPassive

Notable overlap · 6 shared positions

$MU $LRCX $GGAL $BAP $NU $IFS

$1.9B

77 positions

#20Franchise GP LtdActive

Notable overlap · 4 shared positions

$PDD $PBR $FUTU $MU

$272M

36 positions

#21TT International Asset Management LTDActive

Notable overlap · 9 shared positions

$ITUB $GGAL $PBR $BAP $BIDU $IBN

$916M

48 positions

#22AI-Squared Management LtdActive

Notable overlap · 5 shared positions

$MU $FUTU $ATAT $BIDU $TCOM

$137M

19 positions

#23Green Court Capital Management LtdActive

Notable overlap · 3 shared positions

$PDD $ATAT $TCOM

$108M

5 positions

#24First Beijing Investment LtdSmart money

Notable overlap · 4 shared positions

$PDD $LEGN $YMM $SE

$2.3B

12 positions

#25INCA Investments LLCActive

Notable overlap · 5 shared positions

$GGAL $NU $ITUB $BAP $FMX

$282M

10 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.