MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC
Long book
$246.5M
Q1 2026
Positions
37
Top-10 weight
58%
concentration
Last quarter
+22.9%
SPY +14.8%
Turnover
36%
of book per quarter
Strategy in plain words
auto-generated from filingsMATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $246.5M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: YUM CHINA HOLDINGS INC, TAIWAN SEMICONDUCTOR-SP ADR, PDD HOLDINGS INC, LEGEND BIOTECH CORP-ADR, CHINA YUCHAI INTL LTD.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.1%
Q2 2024
+14.0%
Q3 2024
-2.9%
Q4 2024
+7.5%
Q1 2025
+4.3%
Q2 2025
+10.9%
Q3 2025
-13.4%
Q4 2025
-15.9%
Q1 2026
+22.9%
Sector allocation
Consumer discretionary 34%
Industrials 27%
Financials 17%
Technology 11%
Materials 6%
Services media 5%
Long book by quarter
What does MATTHEWS INTERNATIONAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 554.9K | $27.1M | 11.0% | +77.8% |
| CYD CHINA YUCHAI INTL LTD | Industrials | 324.0K | $12.5M | 5.1% | +423.7% |
| MU MICRON TECHNOLOGY INC | Technology | 29.1K | $9.8M | 4.0% | +5.1% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 505.7K | $7.3M | 2.9% | +17.0% |
| LRCX LAM RESEARCH CORP | Industrials | 28.1K | $6.0M | 2.4% | +27.3% |
| ACMR ACM RESEARCH INC-CLASS A | Industrials | 138.8K | $5.5M | 2.2% | -25.9% |
| FCX FREEPORT-MCMORAN INC | Materials | 87.9K | $5.2M | 2.1% | +1095.9% |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 1.3M | $4.7M | 1.9% | -46.2% |
| BAP CREDICORP LTD | Financials | 12.8K | $4.4M | 1.8% | New |
| IFS INTERCORP FINANCIAL SERVICES | Financials | 72.4K | $3.6M | 1.5% | New |
| CPNG COUPANG INC | Consumer discretionary | 176.1K | $3.3M | 1.3% | -52.4% |
| GLOB GLOBANT SA | Technology | 6.4K | $295K | 0.1% | +8.1% |
| AGBK AGI INC-CL A | Financials | 9.6K | $70K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 37 | $246.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 40 | $329.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 40 | $429.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 40 | $434.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 37 | $484.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 42 | $489.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 42 | $607.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 38 | $459.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 38 | $507.6M | canonical | SEC ↗ |
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