SEC 13F Intelligence

Managers / Q1 2026

MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

CIK 0001028074 · 4 EMBARCADERO CENTER, SUITE 550, SAN FRANCISCO, CA, 94111 · 415-955-8122

Reported Value
$246M
Q1 2026
Positions
37
Filings on Record
30
2019–present window
Filed
May 4, 2026
original filing

Summary

Matthews International Capital Management LLC reported $246M in U.S.-listed holdings across 37 positions for Q1 2026.

Its largest position, YUMC, represents 11.0% of the portfolio.

Compared with Q4 2025, the fund opened 7 new positions and exited 10.

Portfolio Metrics

Turnover
+26.9%
vs prior filed quarter
Top-10 Concentration
+58.1%
share of reported value
Largest Position
+11.0%
Yum China
New / Exited
7 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.6BQ4 ’18Q1 ’19: $2.1BQ2 ’19: $2.2BQ3 ’19: $2.2BQ4 ’19: $2.1BQ4 ’19Q1 ’20: $1.6BQ2 ’20: $1.3BQ3 ’20: $1.5BQ4 ’20: $1.9BQ4 ’20Q1 ’21: $2.4BQ2 ’21: $2.4BQ3 ’21: $1.6BQ4 ’21: $958MQ4 ’21Q1 ’22: $722MQ2 ’22: $696MQ3 ’22: $688MQ4 ’22: $846MQ4 ’22Q1 ’23: $1.0BQ2 ’23: $854MQ3 ’23: $827MQ4 ’23: $712MQ4 ’23Q1 ’24: $508MQ2 ’24: $460MQ3 ’24: $607MQ4 ’24: $489MQ4 ’24Q1 ’25: $484MQ2 ’25: $435MQ3 ’25: $429MQ4 ’25: $329MQ4 ’25Q1 ’26: $246Mfilingsflow.com

Portfolio Composition

By security type
ADR: 60.3%Common Stock: 23.1%Other: 16.5%ETP: 0.2%
  • ADR · 60.3% · $149M
  • Common Stock · 23.1% · $57M
  • Other · 16.5% · $41M
  • ETP · 0.2% · $427,944

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UNITED MICROELECTRONICS CORPNEW+977.6K977.6K+$9M$9M
PBRPETROLEO BRASILEIRO S ANEW+285.2K285.2K+$6M$6M
CREDICORP LTDNEW+12.8K12.8K+$4M$4M
INTERCORP FINL SVCS INCNEW+72.4K72.4K+$4M$4M
KCKINGSOFT CLOUD HLDGS LTDNEW+220.4K220.4K+$3M$3M
BIDUNBAIDU INCNEW+23.4K23.4K+$3M$3M
AGI INCNEW+9.6K9.6K+$69,530$69,530
FCXFREEPORT-MCMORAN INCADDED+80.6K87.9K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1YUMCYUM CHINA HLDGS INChistory →COM10.98%$27M554.9K
2TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS8.57%$21M62.5K
3PDDPDD HOLDINGS INChistory →SPONSORED ADS8.25%$20M198.9K
4LEGNLEGEND BIOTECH CORPhistory →SPONSORED ADS6.80%$17M925.9K
5CHINA YUCHAI INTL LTDCOM5.06%$12M324.0K
6MUMICRON TECHNOLOGY INChistory →COM3.99%$10M29.1K
7FUTUFUTU HLDGS LTDhistory →SPON ADS CL A3.81%$9M68.7K
8KANZHUN LIMITEDSPONSORED ADS3.78%$9M696.6K
9UNITED MICROELECTRONICS CORPSPON ADR NEW3.56%$9M977.6K
10ITAU UNIBANCO HLDG S ASPON ADR REP PFD3.29%$8M968.6K
11ATATATOUR LIFESTYLE HLDGS LTDhistory →SPONSORED ADS3.28%$8M219.4K
12GRUPO FINANCIERO GALICIASPONSORED ADR3.17%$8M167.4K
13IBNICICI BANK LIMITEDhistory →ADR3.12%$8M296.8K
14NU HLDGS LTDORD SHS CL A2.95%$7M505.7K
15HDBHDFC BANK LTDhistory →SPONSORED ADS2.89%$7M286.7K
16LRCXEURLAM RESEARCH CORPhistory →COM2.44%$6M28.1K
17PBRPETROLEO BRASILEIRO S Ahistory →SPONSORED ADR2.40%$6M285.2K
18ACMRACM RESH INChistory →COM CL A2.22%$5M138.8K
19FCXFREEPORT-MCMORAN INChistory →CL B2.10%$5M87.9K
20GRAB HOLDINGS LIMITEDCLASS A ORD1.89%$5M1.27M
21BVNCOMPANIA DE MINAS BUENAVENTUhistory →SPONSORED ADR1.89%$5M129.0K
22CREDICORP LTDCOM1.77%$4M12.8K
23INTERCORP FINL SVCS INCSHS1.47%$4M72.4K
24QFINQFIN HOLDINGS INChistory →AMERICAN DEP1.45%$4M277.1K
25FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS1.42%$3M31.5K
26CPNGCOUPANG INChistory →CL A1.35%$3M176.1K
27KCKINGSOFT CLOUD HLDGS LTDhistory →ADS1.19%$3M220.4K
28BIDUNBAIDU INChistory →SPON ADR REP A1.06%$3M23.4K
29SESEA LTDSPONSORD ADS0.96%$2M28.6K
30YMMFULL TRUCK ALLIANCE CO LTDSPONSORED ADS0.87%$2M257.8K
31VALE S ASPONSORED S A0.87%$2M134.1K
32CLVTRIP COM GROUP LTDADS0.80%$2M39.5K
33GLOBANT S ACOM0.12%$295,0586.4K
34MATTHEWS ASIA FDS - KOREA ACTIVE ETFSHS0.09%$219,5635.0K
35ADVEMATTHEWS INTL FDS - ASIA DIVIDEND ACSHS0.08%$208,3815.0K
36SKMSK TELECOM LTDSPONSORED ADR0.04%$97,4193.3K
37AGI INCCOM SHS CL A0.03%$69,5309.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$246M37May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$329M40Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$429M40Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$435M40Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$484M37Apr 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$489M42Jan 22, 202513F-HRchanges · EDGAR ↗
Q3 2024$607M42Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$460M38Jul 22, 202413F-HRchanges · EDGAR ↗
Q1 2024$508M38Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$712M36Jan 17, 202413F-HRchanges · EDGAR ↗
Q3 2023$827M38Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$854M45Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.0B43May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$846M39Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$688M38Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$696M41Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$722M38May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$958M38Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.6B41Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.4B49Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.4B51May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.9B40Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B35Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B35Jul 29, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B33May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.1B31Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.2B33Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.2B35Aug 6, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.1B35May 6, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.6B34Feb 6, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.