MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC
Sector Allocation
- Technology46.6%$135.8M
- Financials18.9%$55.2M
- Consumer Discretionary13.5%$39.4M
- Healthcare9.1%$26.5M
- Materials4.6%$13.4M
- Industrials4.2%$12.2M
- Energy1.6%$4.6M
- Consumer Staples1.4%$4.0M
- Other0.2%$563,794
AUM History
13fpro.ai/research/fund/matthews-international-capital-management-llc-1028074
Conviction and streaks
Concentrating · top 10 = 64.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
UMC
$39.9MTSM
$28.0MLEGN
$26.5MMU
$19.6MACMR
$16.8MYUMC
$15.2MATAT
$11.1MITUB
$11.1MCYD
$10.2MBZ
$10.1MPDD
$10.0MLRCX
$8.8MGGAL
$7.5MYMM
$7.0MNU
$6.7MIBN
$6.3MFCX
$6.3MQFIN
$5.9MBVN
$5.1MBAP
$5.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/matthews-international-capital-management-llc-1028074
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 13F holdings — Q2 2026
$291.7M portfolio (+18.4% QoQ) · 32 holdings · Q2 2026 13F · top 10 are 65% of the stock portfolio
$39.9M
13.7% of stocks
+50%This quarter+0.8%Since filed2 qtrsHeld$28.0M
9.6% of stocks
-6%This quarter+5.0%Since filed10+ qtrsHeld$26.5M
9.1% of stocks
-0.9%This quarter+9.9%Since filed10+ qtrsHeld$19.6M
6.7% of stocks
-42%This quarter+9.8%Since filed10+ qtrsHeld$16.8M
5.8% of stocks
-5%This quarter-35.1%Since filed10+ qtrsHeldAIQuality54.0#1,356Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 9 qtrs in a row$15.2M
5.2% of stocks
-33%This quarter-5.5%Since filed10+ qtrsHeld$11.1M
3.8% of stocks
+60%This quarter-4.9%Since filed9 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$11.1M
3.8% of stocks
+40%This quarter-9.0%Since filed8 qtrsHeld$10.2M
3.5% of stocks
-34%This quarter-50.6%Since filed4 qtrsHeld$10.1M
3.5% of stocks
+13%This quarter+2.3%Since filed10+ qtrsHeld
All holdings — MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC (Q2 2026)
32 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | PDD Holdings Inc.adr | Consumer Discretionary | $10.0M | 3.4% | 131K | -34% | 10+ qtrsTrimmed 7 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | LAM RESEARCH CORP | Technology | $8.8M | 3.0% | 20K | -28% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | GRUPO FINANCIERO GALICIA SAadr | Financials | $7.5M | 2.6% | 149K | -11% | 5 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Full Truck Alliance Co. Ltd.adr | Technology | $7.0M | 2.4% | 867K | +236% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Nu Holdings Ltd. | Financials | $6.7M | 2.3% | 504K | -0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ICICI BANK LTDadr | Financials | $6.3M | 2.2% | 218K | -27% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | FREEPORT-MCMORAN INC | Materials | $6.3M | 2.1% | 100K | +13% | 10+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Qfin Holdings, Inc. | Financials | $5.9M | 2.0% | 372K | +34% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | BUENAVENTURA MINING CO INCadr | Materials | $5.1M | 1.8% | 175K | +36% | 7 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | CREDICORP LTD | Financials | $5.0M | 1.7% | 13K | -0.2% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | HDFC BANK LTDadr | Financials | $4.9M | 1.7% | 188K | -34% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Intercorp Financial Services Inc. | Financials | $4.7M | 1.6% | 82K | +13% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | PETROBRAS - PETROLEO BRASILEIRO SAadr | Energy | $4.6M | 1.6% | 285K | -0.2% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Kingsoft Cloud Holdings Ltdadr | Technology | $4.3M | 1.5% | 478K | +117% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MEXICAN ECONOMIC DEVELOPMENT INCadr | Consumer Staples | $4.0M | 1.4% | 31K | -0.2% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $XP | XP Inc. | Financials | $3.2M | 1.1% | 195K | New | |||
| 27 | $CPNG | Coupang, Inc. | Consumer Discretionary | $3.1M | 1.1% | 178K | +0.8% | |||
| 28 | $GRAB | Grab Holdings Ltd | Industrials | $2.0M | 0.7% | 2.08M | +63% | |||
| 29 | $VALE | Vale S.A. | Materials | $2.0M | 0.7% | 134K | -0.4% | |||
| 30 | $BIDU | Baidu, Inc. | Technology | $1.3M | 0.5% | 11K | -51% | |||
| 31 | — | MATTHEWS ASIA FDS - KOREA ACTIVE ETF - SHS | — | $334K | 0.1% | 5,032 | — | |||
| 32 | — | MATTHEWS INTL FDS - ASIA DIVIDEND AC - SHS | — | $230K | 0.1% | 5,000 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 1 new, 12 added to, 17 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (1)
$XPXP Inc.$3.2M
first bought this quarter
Added to (12)
now $39.9M · held 2 qtrs, 2 adds in a row
now $7.0M · held 10+ qtrs
now $11.1M · held 9 qtrs, 2 adds in a row
now $11.1M · held 8 qtrs
$KCKingsoft Cloud Holdings Ltd+117%
now $4.3M · held 2 qtrs, 2 adds in a row
now $5.9M · held 6 qtrs
+6 more in the Excel export
Trimmed (17)
now $19.6M · held 10+ qtrs
now $15.2M · held 10+ qtrs
now $10.2M · held 4 qtrs
now $10.0M · held 10+ qtrs, 7 trims in a row
now $8.8M · held 10+ qtrs
$HDBHDFC BANK LTD-34%
now $4.9M · held 10+ qtrs, 2 trims in a row
+11 more in the Excel export
Holdings by quarter
Every 13F MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT?
Q2 2026 13F filed with the SEC on Jul 31, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT's top 20 holdings: 59/100 (our AI quality score, weighted by position size; 7 of the 20 are scored)
Top 10 since filing
-3.7%
Value-weighted move of the 10 largest stock positions
Turnover
14%
Last quarter; 54% over the last 4
Top 10 weight
65%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
78%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC disclosed 32 positions worth $291.7M in its Form 13F-HR for Q2 2026, led by $UMC (UNITED MICROELECTRONICS CORP) at 13.7% of the equity portfolio, followed by $TSM and $LEGN. During the quarter the fund opened 1 new position and exited 6 — including a new stake in $XP and a full exit from $FUTU. The portfolio is most concentrated in Technology (46.6% of disclosed assets). All figures are sourced directly from MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1028074.
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