13F Insight
DOSSIER · 13F-HR · Q1 2026

MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

$246M in tracked AUM across 37 positions as of Q1 2026.

MI
CIK 0001028074 · last filed Mar 31, 2026
Total AUM
$246M
as of Q1 2026
Holdings
37
—
positions
Whale Score
59
59
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Matthews International Capital Management LLC 13F Filing
1. Portfolio Overview

Matthews International Capital Management LLC reported a significant contraction in portfolio value for the quarter ending September 30, 2025. The total assets under management (AUM) decreased by 26.6%, dropping from $434.77M to $319.00M. This reduction is attributable to a combination of active portfolio deleveraging—evidenced by the exit from 12 positions and reduction in...

The portfolio remains highly concentrated, consisting of only 30 holdings. This suggests a high-conviction investment strategy where capital is allocated selectively to the manager's best ideas rather than broad diversification. The top 10 positions account for approximately 74% of the total portfolio value, indicating a performance heavily reliant on the success of a small subset of assets. Notably, the portfolio is exclusively focused on international and emerging markets, with no apparent exposure to U.S. domestic equities in the top holdings.

2. Key Holdings

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
YUMC
YUM CHINA HLDGS INC
$27M555K11.0%02
TSM
TAIWAN SEMICONDUCTOR MFG LTD
$21M63K8.6%03
PDD
PDD HOLDINGS INC
$20M199K8.2%04
LEGN
LEGEND BIOTECH CORP
$17M926K6.8%05
G21082105
CHINA YUCHAI INTL LTD
$12M324K5.1%06
MU
MICRON TECHNOLOGY INC
$10M29K4.0%07
FUTU
FUTU HLDGS LTD
$9M69K3.8%08
BZ
KANZHUN LIMITED
$9M697K3.8%09
UMC
UNITED MICROELECTRONICS CORP
$9M978K3.6%10
ITUB
ITAU UNIBANCO HLDG S A
$8M969K3.3%

Filing history

2026Q1Mar 31
$246M▼ 25.2%
37 positionsView →2025Q4Dec 31
$329M▲ 3.3%
40 positionsView →2025Q3Sep 30
$319M▼ 26.6%
30 positionsView →2025Q2Jun 30
$435M▲ 20.1%
40 positionsLocked2025Q1Mar 31
$362M▼ 26.0%
27 positionsLocked2024Q4Dec 31
$489M▼ 19.4%
42 positionsLocked2024Q3Sep 30
$607M▲ 32.1%
42 positionsLocked2024Q2Jun 30
$460M▼ 9.5%
38 positionsLocked2024Q1Mar 31
$508M▼ 28.7%
38 positionsLocked2023Q4Dec 31
$712M▼ 13.9%
36 positionsLocked2023Q3Sep 30
$827M▼ 3.1%
38 positionsLocked2023Q2Jun 30
$854M▼ 14.8%
45 positionsLocked
Showing 12 of 55