Matthews International Capital Management LLC
Annual return '25
-1.7%
SPY '25
+17.7%
Alpha
-19.4ptsvs SPY
Invested
$246.5M
Holdings
36
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$YUMC
YUM CHINA HLDGS INC
Q1 2026: Exited (was 312.1k shares)
11.3%
02
$TSM
TAIWAN SEMICONDUCTOR MFG LTD
Q1 2026: Increased +2191.7% (32.7k → 750.0k shares)
8.9%
03
$PDD
PDD HOLDINGS INC
Q1 2026: Exited (was 370.6k shares)
8.5%
04
$LEGN
LEGEND BIOTECH CORP
Q1 2026: Exited (was 956.8k shares)
7.0%
05
$CYD
CHINA YUCHAI INTL LTD
Q1 2026: Exited (was 61.9k shares)
5.2%
06
$MU
MICRON TECHNOLOGY INC
Q1 2026: Sold 89.8% (27.7k → 2.8k shares)
4.1%
07
$FUTU
FUTU HLDGS LTD
Q1 2026: Exited (was 150.9k shares)
3.9%
08
$BZ
KANZHUN LIMITED
Q1 2026: Exited (was 829.4k shares)
3.9%
09
$UMC
UNITED MICROELECTRONICS CORP
Held since at least Q1 2024
3.7%
10
$ITUB
ITAU UNIBANCO HLDG S A
Q1 2026: Exited (was 1.15M shares)
3.4%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 13:31 UTC.