Matthews International Capital Management LLC
Net seller this quarter
$292M
29
-$16.2M
64.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 UMC | $39.9M | 13.67% | 0.01% | +49.9% | Q1 2026 |
 TSM | $28M | 9.59% | 0.00% | -6.2% | Q2 2013 |
 LEGN | $26.5M | 9.08% | 0.25% | -0.9% | Q2 2020 |
 MU | $19.6M | 6.71% | 0.00% | -41.8% | Q1 2020 |
 ACMR | $16.8M | 5.76% | 0.31% | -4.6% | Q3 2021 |
 YUMC | $15.2M | 5.20% | 0.11% | -33.1% | Q4 2016 |
 ATAT | $11.1M | 3.82% | 0.09% | +59.8% | Q2 2024 |
 ITUB | $11.1M | 3.80% | 0.02% | +40.1% | Q1 2022 |
 CYD | $10.2M | 3.49% | 0.57% | -33.8% | Q4 2016 |
 BZ | $10.1M | 3.48% | 0.79% | +13.1% | Q2 2021 |
 PDD | $10M | 3.44% | 0.00% | -33.9% | Q3 2021 |
 LRCX | $8.79M | 3.01% | 0.00% | -27.9% | Q4 2021 |
 YMM | $7.04M | 2.41% | Not reported | +236.4% | Q2 2021 |
 NU | $6.74M | 2.31% | Not reported | -0.3% | Q1 2023 |
 IBN | $6.31M | 2.16% | Not reported | -26.7% | Q2 2013 |
 FCX | $6.27M | 2.15% | 0.01% | +13.4% | Q1 2023 |
 QFIN | $5.88M | 2.02% | 0.15% | +34.3% | Q1 2021 |
 BVN | $5.13M | 1.76% | 0.07% | +35.7% | Q4 2024 |
 BAP | $4.99M | 1.71% | 0.01% | -0.2% | Q3 2020 |
 HDB | $4.86M | 1.67% | 0.00% | -34.3% | Q2 2013 |
 IFS | $4.67M | 1.60% | 0.07% | +13.2% | Q1 2026 |
 PBR | $4.6M | 1.58% | 0.00% | -0.2% | Q4 2021 |
 KC | $4.32M | 1.48% | 0.01% | +116.8% | Q2 2020 |
 FMX | $4.02M | 1.38% | Not reported | -0.2% | Q2 2025 |
 XP | $3.17M | 1.09% | Not reported | Not reported | Q3 2025 |
 CPNG | $3.08M | 1.06% | Not reported | +0.8% | Q2 2022 |
 GRAB | $2.02M | 0.69% | Not reported | +63.3% | Q3 2022 |
 VALE | $2.01M | 0.69% | 0.00% | -0.4% | Q2 2020 |
 BIDU | $1.3M | 0.45% | Not reported | -51.4% | Q2 2013 |
| Q1 2026 | |||||
| YUMC | $27.1M | 10.98% | 0.16% | +77.8% | Q4 2016 |
| TSM | $21.1M | 8.57% | 0.00% | +91.0% | Q2 2013 |
| PDD | $20.3M | 8.25% | 0.00% | -46.3% | Q3 2021 |
| LEGN | $16.7M | 6.80% | 0.25% | -3.2% | Q2 2020 |
| CYD | $12.5M | 5.06% | 0.86% | +423.7% | Q4 2016 |
| MU | $9.85M | 3.99% | 0.00% | +5.1% | Q1 2020 |
 FUTU | $9.4M | 3.81% | 0.02% | -54.5% | Q2 2021 |
| BZ | $9.33M | 3.78% | 0.70% | -16.0% | Q2 2021 |
| UMC | $8.78M | 3.56% | 0.01% | New | Q1 2026 |
| ITUB | $8.12M | 3.29% | 0.02% | -15.8% | Q1 2022 |
| ATAT | $8.08M | 3.28% | 0.05% | +33.8% | Q2 2024 |
| IBN | $7.69M | 3.12% | Not reported | -19.7% | Q2 2013 |
| NU | $7.27M | 2.95% | Not reported | +17.0% | Q1 2023 |
| HDB | $7.13M | 2.89% | 0.00% | -16.7% | Q2 2013 |
| LRCX | $6.01M | 2.44% | 0.00% | +27.3% | Q4 2021 |
| PBR | $5.92M | 2.40% | 0.00% | Not reported | Q4 2021 |
| ACMR | $5.46M | 2.22% | 0.33% | -25.9% | Q3 2021 |
| FCX | $5.17M | 2.10% | 0.01% | +1095.9% | Q1 2023 |
| GRAB | $4.66M | 1.89% | Not reported | -46.2% | Q3 2022 |
| BVN | $4.65M | 1.89% | 0.05% | +483.9% | Q4 2024 |
| BAP | $4.36M | 1.77% | 0.01% | Not reported | Q3 2020 |
| IFS | $3.63M | 1.47% | 0.07% | New | Q1 2026 |
| QFIN | $3.58M | 1.45% | 0.11% | Not reported | Q1 2021 |
| FMX | $3.49M | 1.42% | Not reported | +0.6% | Q2 2025 |
| CPNG | $3.32M | 1.35% | Not reported | -52.4% | Q2 2022 |
| KC | $2.94M | 1.19% | 0.00% | Not reported | Q2 2020 |
| BIDU | $2.6M | 1.06% | Not reported | Not reported | Q2 2013 |
 SE | $2.37M | 0.96% | 0.02% | -84.0% | Q3 2019 |
| YMM | $2.14M | 0.87% | Not reported | -80.1% | Q2 2021 |
| VALE | $2.13M | 0.87% | 0.00% | +1.2% | Q2 2020 |
 TCOM | $1.97M | 0.80% | 0.01% | -85.4% | Q1 2021 |
 GLOB | $295K | 0.12% | 0.01% | +8.1% | Q3 2020 |
 SKM | $97.4K | 0.04% | 0.00% | +33.5% | Q2 2013 |
 AGBK | $69.5K | 0.03% | Not reported | New | Q1 2026 |
| Q4 2025 | |||||
| PDD | $42M | 12.76% | 0.01% | -24.9% | Q3 2021 |
| FUTU | $24.8M | 7.52% | 0.04% | +214.5% | Q2 2021 |
| SE | $22.9M | 6.94% | 0.10% | -15.9% | Q3 2019 |
| LEGN | $20.8M | 6.31% | 0.26% | -7.0% | Q2 2020 |
| TCOM | $19.5M | 5.92% | 0.04% | -30.1% | Q1 2021 |
| BZ | $16.9M | 5.13% | 0.83% | -19.5% | Q2 2021 |
| YUMC | $14.9M | 4.52% | 0.09% | +0.3% | Q4 2016 |
| YMM | $13.9M | 4.22% | Not reported | -30.0% | Q2 2021 |
| HDB | $12.6M | 3.81% | 0.00% | +58.3% | Q2 2013 |
| GRAB | $11.8M | 3.59% | Not reported | -24.0% | Q3 2022 |
| IBN | $11M | 3.34% | Not reported | -0.1% | Q2 2013 |
 MMYT | $10.4M | 3.15% | Not reported | -29.8% | Q3 2024 |
| TSM | $9.95M | 3.02% | 0.00% | -9.4% | Q2 2013 |
| CPNG | $8.73M | 2.65% | Not reported | -20.2% | Q2 2022 |
| ITUB | $8.23M | 2.50% | 0.02% | +0.5% | Q1 2022 |
| MU | $7.91M | 2.40% | 0.00% | -23.7% | Q1 2020 |
 ZH | $7.78M | 2.36% | 24.19% | -18.2% | Q2 2022 |
| ACMR | $7.39M | 2.24% | 0.44% | -8.0% | Q3 2021 |
| NU | $7.23M | 2.20% | Not reported | +218.3% | Q1 2023 |
| ATAT | $6.46M | 1.96% | 0.04% | -16.2% | Q2 2024 |
| QFIN | $5.34M | 1.62% | 0.11% | -14.2% | Q1 2021 |
 BEKE | $4.25M | 1.29% | Not reported | -63.1% | Q3 2020 |
 TME | $4.17M | 1.27% | 0.01% | -63.2% | Q1 2019 |
| LRCX | $3.78M | 1.15% | 0.00% | -2.8% | Q4 2021 |
 NTES | $3.29M | 1.00% | 0.00% | +1.0% | Q2 2013 |
| FMX | $3.16M | 0.96% | Not reported | +0.8% | Q2 2025 |
| CYD | $2.2M | 0.67% | 0.16% | +12.8% | Q4 2016 |
| VALE | $1.73M | 0.52% | 0.00% | Not reported | Q2 2020 |
| XP | $1.67M | 0.51% | Not reported | -68.1% | Q3 2025 |
 ZTO | $1.48M | 0.45% | 0.01% | Not reported | Q4 2022 |
| BVN | $615K | 0.19% | 0.01% | -7.3% | Q4 2024 |
| GLOB | $387K | 0.12% | 0.01% | Not reported | Q3 2020 |
| FCX | $373K | 0.11% | 0.00% | Not reported | Q1 2023 |
 KSPI | $216K | 0.07% | 0.00% | -2.5% | Q2 2024 |
| SKM | $51.1K | 0.02% | 0.00% | +50.4% | Q2 2013 |
 TUYA | $18K | 0.01% | 0.00% | -98.8% | Q1 2021 |
 CHA | $8.12K | 0.00% | 0.00% | -98.7% | Q2 2025 |
| Q3 2025 | |||||
| PDD | $65.3M | 15.20% | 0.01% | -1.2% | Q3 2021 |
| SE | $38.1M | 8.87% | 0.12% | -33.2% | Q3 2019 |
| LEGN | $33.5M | 7.81% | 0.28% | -20.5% | Q2 2020 |
| TCOM | $29.2M | 6.80% | 0.06% | +0.9% | Q1 2021 |
| BZ | $24.1M | 5.60% | 1.03% | +8.2% | Q2 2021 |
| YMM | $24M | 5.59% | Not reported | -37.9% | Q2 2021 |
| GRAB | $18.8M | 4.37% | Not reported | -15.1% | Q3 2022 |
| MMYT | $16.9M | 3.93% | Not reported | -2.0% | Q3 2024 |
| TME | $15.1M | 3.51% | 0.02% | -20.2% | Q1 2019 |
| CPNG | $14.9M | 3.48% | Not reported | +10.2% | Q2 2022 |
| ZH | $14.7M | 3.42% | 29.57% | -18.9% | Q2 2022 |
| BEKE | $13.9M | 3.23% | Not reported | -10.2% | Q3 2020 |
| YUMC | $13.4M | 3.11% | 0.09% | -3.9% | Q4 2016 |
| IBN | $11.2M | 2.60% | Not reported | -3.9% | Q2 2013 |
| TSM | $10.1M | 2.35% | 0.00% | -22.2% | Q2 2013 |
| QFIN | $9.29M | 2.16% | 0.11% | +18.2% | Q1 2021 |
| FUTU | $8.35M | 1.94% | 0.01% | +111.1% | Q2 2021 |
| ITUB | $8.15M | 1.90% | 0.02% | -1.4% | Q1 2022 |
| ACMR | $7.96M | 1.85% | 0.48% | -8.0% | Q3 2021 |
| HDB | $7.42M | 1.73% | 0.00% | -8.6% | Q2 2013 |
| ATAT | $7.36M | 1.71% | 0.05% | -0.5% | Q2 2024 |
| MU | $6.08M | 1.42% | 0.00% | +14.3% | Q1 2020 |
| XP | $6.01M | 1.40% | Not reported | New | Q3 2025 |
 MELI | $3.84M | 0.90% | 0.00% | -2.1% | Q3 2021 |
| NTES | $3.6M | 0.84% | 0.00% | -58.6% | Q2 2013 |
| FMX | $3.06M | 0.71% | Not reported | -7.8% | Q2 2025 |
| LRCX | $3.05M | 0.71% | 0.00% | +7.5% | Q4 2021 |
| CYD | $2.27M | 0.53% | 0.15% | Not reported | Q4 2016 |
| NU | $2.17M | 0.51% | Not reported | +30.2% | Q1 2023 |
| TUYA | $1.74M | 0.40% | 0.32% | Not reported | Q1 2021 |
| CHA | $888K | 0.21% | 0.05% | Not reported | Q2 2025 |
| BVN | $579K | 0.13% | 0.01% | -12.1% | Q4 2024 |
 JD | $391K | 0.09% | 0.00% | -52.5% | Q3 2014 |
| FCX | $288K | 0.07% | 0.00% | -12.1% | Q1 2023 |
| KSPI | $231K | 0.05% | 0.00% | -88.6% | Q2 2024 |
| SKM | $35.8K | 0.01% | 0.00% | Not reported | Q2 2013 |