Matthews International Capital Management LLC reported 27 positions worth $228.37M for the quarter ended Sep 30, 2026, down 19.5% on the prior quarter. It opened 3 new positions, added to 3, trimmed 18 and exited 5. Its largest holding is NetEase, Inc. at 17.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| NTES NetEase, Inc. | +336.5K | – | $40.76M | 17.85% |
| SE Sea Ltd | +141.3K | – | $13.75M | 6.02% |
| AAOI Applied Optoelectronics, Inc. | +89.9K | – | $8.93M | 3.91% |
| ATAT Atour Lifestyle Holdings Ltd | +150.8K | +43.0% | $4.92M | 7.16% |
| NU Nu Holdings Ltd. | +194.6K | +38.6% | $2.46M | 3.87% |
| YMM Full Truck Alliance Co. Ltd. | +187.1K | +21.6% | $1.55M | 3.82% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| UMC United Microelectronics Corp | -999.4K | -68.2% | $24.47M | 5% |
| MU Micron Technology Inc | -17.0K | -100.0% | $19.57M | Exited |
| CYD China Yuchai International Ltd | -214.6K | -100.0% | $10.18M | Exited |
| ITUB Itau Unibanco Holding S.A. | -1.11M | -81.7% | $9.46M | 0.925% |
| YUMC Yum China Holdings, Inc. | -151.6K | -40.8% | $6.23M | 3.95% |
| BZ Kanzhun Ltd | -408.7K | -51.9% | $6.05M | 2.46% |
| IBN Icici Bank Ltd | -196.1K | -90.2% | $5.40M | 0.258% |
| KC Kingsoft Cloud Holdings Ltd | -477.8K | -100.0% | $4.32M | Exited |
| FCX Freeport-Mcmoran Inc | -50.1K | -50.3% | $3.51M | 1.52% |
| PDD PDD Holdings Inc. | -43.2K | -32.8% | $3.37M | 3.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NTES NetEase, Inc. | Technology | 336.5K | $40.76M | 17.85% | +336.5K | – | New | 0.05% |
| 2 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 58.5K | $26.67M | 11.68% | -153 | -0.3% | Reduced | 0% |
| 3 | LEGN Legend Biotech Corp | Healthcare | 914.8K | $18.20M | 7.97% | -2,472 | -0.3% | Reduced | 0.5% |
| 4 | ATAT Atour Lifestyle Holdings Ltd | Consumer Discretionary | 501.4K | $16.36M | 7.16% | +150.8K | +43.0% | Added | 0.36% |
| 5 | SE Sea Ltd | Technology | 141.3K | $13.75M | 6.02% | +141.3K | – | New | 0.02% |
| 6 | UMC United Microelectronics Corp | Technology | 466.3K | $11.42M | 5% | -999.4K | -68.2% | Reduced | 0.02% |
| 7 | ACMR ACM Research, Inc. | Technology | 132.4K | $10.71M | 4.69% | 0 | 0.0% | Unchanged | 0.19% |
| 8 | YUMC Yum China Holdings, Inc. | Consumer Discretionary | 219.6K | $9.02M | 3.95% | -151.6K | -40.8% | Reduced | 0.06% |
| 9 | AAOI Applied Optoelectronics, Inc. | Technology | 89.9K | $8.93M | 3.91% | +89.9K | – | New | 0.11% |
| 10 | NU Nu Holdings Ltd. | Financial Services | 698.8K | $8.85M | 3.87% | +194.6K | +38.6% | Added | 0.01% |
| 11 | YMM Full Truck Alliance Co. Ltd. | Technology | 1.05M | $8.72M | 3.82% | +187.1K | +21.6% | Added | 0.1% |
| 12 | PDD PDD Holdings Inc. | Technology | 88.3K | $6.88M | 3.01% | -43.2K | -32.8% | Reduced | 0.01% |
| 13 | LRCX Lam Research Corp | Technology | 20.3K | $6.67M | 2.92% | 0 | 0.0% | Unchanged | 0% |
| 14 | PBR Petrobras - Petroleo Brasileiro Sa | Energy | 272.0K | $5.68M | 2.49% | -12.7K | -4.4% | Reduced | 0% |
| 15 | BZ Kanzhun Ltd | Technology | 379.0K | $5.61M | 2.46% | -408.7K | -51.9% | Reduced | 0.08% |
Tip. Select a row to see that position’s full history at Matthews International Capital Management.
As of its Q3 2026 13F filing, Matthews International Capital Management LLC’s five largest positions were NetEase, Inc. (NTES) at 17.9%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 11.7%, Legend Biotech Corp (LEGN) at 8.0%, Atour Lifestyle Holdings Ltd (ATAT) at 7.2%, Sea Ltd (SE) at 6.0% of the reported portfolio.
Matthews International Capital Management LLC reported a 13F portfolio worth $228.37M across 27 positions for Q3 2026. That is down 19.5% from the previous quarter.
Its largest purchases by value were NetEase, Inc. ($40.76M), Sea Ltd ($13.75M), Applied Optoelectronics, Inc. ($8.93M). It opened 3 new positions.
Its largest sales by value were United Microelectronics Corp ($24.47M), Micron Technology Inc ($19.57M), China Yuchai International Ltd ($10.18M). It exited 5 positions entirely.
From the Form 13F-HR reports Matthews International Capital Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.