# MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1028074. Source: https://holderbook.com/funds/1028074-matthews-international-capital-management-llc/

- Reported value: $291.7M
- Positions: 32
- Weight of the ten largest: 64.6%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $39.9M | 1,465,694 | 13.7% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $28.0M | 58,609 | 9.6% | 31 |
| LEGEND BIOTECH CORP | [LEGN](https://holderbook.com/stocks/LEGN/) | $26.5M | 917,266 | 9.1% | 25 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $19.6M | 16,950 | 6.7% | 26 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $16.8M | 132,396 | 5.8% | 20 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $15.2M | 371,166 | 5.2% | 31 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $11.1M | 350,616 | 3.8% | 9 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $11.1M | 1,356,913 | 3.8% | 8 |
| CHINA YUCHAI INTL LTD | [CYD](https://holderbook.com/stocks/CYD/) | $10.2M | 214,620 | 3.5% | 4 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $10.1M | 787,745 | 3.5% | 18 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $10.0M | 131,480 | 3.4% | 20 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $8.8M | 20,295 | 3.0% | 14 |
| GRUPO FINANCIERO GALICIA | - | $7.5M | 149,289 | 2.6% | 5 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $7.0M | 867,295 | 2.4% | 21 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $6.7M | 504,130 | 2.3% | 14 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $6.3M | 217,511 | 2.2% | 19 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $6.3M | 99,691 | 2.1% | 14 |
| QFIN HOLDINGS INC | [QFIN](https://holderbook.com/stocks/QFIN/) | $5.9M | 372,081 | 2.0% | 6 |
| COMPANIA DE MINAS BUENAVENTU | [BVN](https://holderbook.com/stocks/BVN/) | $5.1M | 175,062 | 1.8% | 7 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $5.0M | 12,817 | 1.7% | 2 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $4.9M | 188,264 | 1.7% | 24 |
| INTERCORP FINL SVCS INC | [IFS](https://holderbook.com/stocks/IFS/) | $4.7M | 81,938 | 1.6% | 2 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $4.6M | 284,705 | 1.6% | 2 |
| KINGSOFT CLOUD HLDGS LTD | [KC](https://holderbook.com/stocks/KC/) | $4.3M | 477,826 | 1.5% | 2 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $4.0M | 31,408 | 1.4% | 5 |
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $3.2M | 195,202 | 1.1% | 1 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $3.1M | 177,538 | 1.1% | 17 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $2.0M | 2,079,000 | 0.7% | 8 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $2.0M | 133,528 | 0.7% | 3 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $1.3M | 11,360 | 0.4% | 2 |
| MATTHEWS ASIA FDS | [MKOR](https://holderbook.com/stocks/MKOR/) | $333.8K | 5,032 | 0.1% | 8 |
| MATTHEWS INTL FDS | [ADVE](https://holderbook.com/stocks/ADVE/) | $230.0K | 5,000 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +28.3% | +14.8% | +13.5% | 97% |
| Q1 2026 | -16.1% | -4.6% | -11.4% | 94% |
| Q4 2025 | -12.9% | +2.4% | -15.2% | 96% |
| Q3 2025 | +10.2% | +7.8% | +2.4% | 96% |
| Q2 2025 | +4.3% | +10.5% | -6.2% | 96% |
| Q1 2025 | +7.0% | -4.6% | +11.5% | 95% |
| Q4 2024 | -2.8% | +2.1% | -5.0% | 95% |
| Q3 2024 | +12.9% | +5.4% | +7.4% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $291.7M | 32 |
| Q1 2026 | $246.5M | 37 |
| Q4 2025 | $329.4M | 40 |
| Q3 2025 | $429.5M | 40 |
| Q2 2025 | $434.8M | 40 |
| Q1 2025 | $484.4M | 37 |
| Q4 2024 | $489.2M | 42 |
| Q3 2024 | $607.2M | 42 |
| Q2 2024 | $459.6M | 38 |
| Q1 2024 | $507.6M | 38 |
| Q4 2023 | $711.8M | 36 |
| Q3 2023 | $826.7M | 38 |