SEC 13F Intelligence

Managers / Q1 2022 · view latest →

MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

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

Reported Value
$722M
Q1 2022
Positions
38
Filings on Record
30
2019–present window
Filed
May 5, 2022
original filing

Summary

Matthews International Capital Management LLC reported $722M in U.S.-listed holdings across 38 positions for Q1 2022.

Its largest position, YUMC, represents 18.4% of the portfolio.

Compared with Q4 2021, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+81.5%
share of reported value
Largest Position
+18.4%
Yum China
New / Exited
4 / 4
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 66.3%Common Stock: 28.0%Other: 3.6%US DOMESTIC: 1.3%GLOBAL: 0.9%
  • ADR · 66.3% · $479M
  • Common Stock · 28.0% · $202M
  • Other · 3.6% · $26M
  • US DOMESTIC · 1.3% · $9M
  • GLOBAL · 0.9% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BZKANZHUN LIMITEDNEW+233.2K233.2K+$6M$6M
ITUBITAU UNIBANCO HLDG S ANEW+49.2K49.2K+$281,000$281,000
MELIMERCADOLIBRE INCNEW+200200+$238,000$238,000
HEADHUNTER GROUP PLCNEW+15.8K15.8K+$6,000$6,000
ACMRACM RESH INCADDED+587.6K881.4K−$7M$18M
YMMFULL TRUCK ALLIANCE CO LTDADDED+703.8K1.24M+$4M$8M
BEKEKE HLDGS INCADDED+680.0K1.27M+$4M$16M
ABNBAIRBNB INCSOLD OUT−183.4K0−$31M$0

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

Holdings — Q1 2022

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1YUMCYUM CHINA HLDGS INChistory →COM18.45%$133M3.21M
2TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS14.25%$103M986.7K
3SESEA LTDSPONSORED ADS · NOTE 0.250% 9/19.69%$70M1.88M
4PDDPINDUODUO INCSPONSORED ADS · NOTE 12/08.17%$59M3.87M
5JDJD.COM INChistory →SPON ADR CL A7.62%$55M951.1K
6LEGNLEGEND BIOTECH CORPhistory →SPONSORED ADS5.54%$40M1.10M
7AVGOBROADCOM INChistory →COM5.44%$39M62.4K
8ONCBEIGENE LTDhistory →SPONSORED ADR4.64%$33M177.6K
9NTESNETEASE INChistory →SPONSORED ADS4.32%$31M347.7K
10ATLASSIAN CORP PLCCL A3.34%$24M82.0K
11BILIBILIBILI INChistory →SPONS ADS REP Z2.59%$19M730.4K
12ACMRACM RESH INChistory →COM CL A2.53%$18M881.4K
13BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS2.41%$17M160.2K
14BEKEKE HLDGS INChistory →SPONSORED ADS2.17%$16M1.27M
15BNRBURNING ROCK BIOTECH LTDhistory →SPONSORED ADS1.96%$14M1.52M
16BAOZUN INCNOTE 1.625% 5/01.31%$9M9.55M
17YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS1.14%$8M1.24M
18SDGRSCHRODINGER INCCOM0.96%$7M203.7K
19BZKANZHUN LIMITEDSPONSORED ADS0.80%$6M233.2K
20MUMICRON TECHNOLOGY INCCOM0.44%$3M41.0K
21IQIYI INCNOTE 2.000% 4/00.41%$3M3.70M
22ADAGADAGENE INCADS0.32%$2M648.0K
23INFYINFOSYS LTDSPONSORED ADR0.21%$2M62.2K
24HDBHDFC BANK LTDSPONSORED ADS0.18%$1M20.7K
25TDCX INCADS0.15%$1M87.8K
26PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.14%$1M67.6K
27VALE S ASPONSORED ADS0.13%$932,00046.6K
28LAM RESEARCH CORPCOM0.11%$806,0001.5K
29IBNICICI BANK LIMITEDADR0.11%$788,00041.6K
30ASRGRUPO AEROPORTUARIO DEL SURESPON ADR SER B0.11%$776,0003.5K
31NICENICE LTDSPONSORED ADR0.11%$767,0003.5K
32HTHTHUAZHU GROUP LTDSPONSORED ADS0.08%$610,00018.5K
33GLOBANT S ACOM0.08%$577,0002.2K
34ITUBITAU UNIBANCO HLDG S ASPON ADR REP PFD0.04%$281,00049.2K
35MELIMERCADOLIBRE INCCOM0.03%$238,000200
36HEADHUNTER GROUP PLCSPONSORED ADS0.00%$6,00015.8K

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 ↗.