MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC

SAN FRANCISCO, CA · CIK 1028074 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 1996 · limited liability company

Assets managed$6.6bn
Staff83 · 22 in investment roles
Main clients (by assets)Mutual funds and ETFs 77%, Private funds 23%
Private funds2 · $100.4m gross assets
Form ADV · 2026-07-29SEC adviser record

Legal entityMATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC (US)

$291.7m reported value +18.3% vs Q1 2026

32positions

64.6%in top 10

1 new 12 added 17 reduced 6 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	UNITED MICROELECTRONICS CORP SPON ADR NEW UMC	UMC	1,465,694	$39.9m13.67%	13.67%	Added +488.0k	+488,049 49.9%
2	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	58,609	$28.0m9.59%	9.59%	Reduced -3.9k	-3,900 -6.2%
3	LEGEND BIOTECH CORP SPONSORED ADS LEGN	LEGN	917,266	$26.5m9.08%	9.08%	Reduced -8.7k	-8,654 -0.9%
4	MICRON TECHNOLOGY INC COM MU	MU	16,950	$19.6m6.71%	6.71%	Reduced -12.2k	-12,193 -41.8%
5	ACM RESH INC COM CL A ACMR	ACMR	132,396	$16.8m5.76%	5.76%	Reduced -6.4k	-6,419 -4.6%
6	YUM CHINA HLDGS INC COM YUMC	YUMC	371,166	$15.2m5.20%	5.20%	Reduced -183.7k	-183,745 -33.1%
7	ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS ATAT	ATAT	350,616	$11.1m3.82%	3.82%	Added +131.2k	+131,238 59.8%
8	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	1,356,913	$11.1m3.80%	3.80%	Added +388.3k	+388,269 40.1%
9	CHINA YUCHAI INTL LTD COM CYD	CYD	214,620	$10.2m3.49%	3.49%	Reduced -109.4k	-109,414 -33.8%
10	KANZHUN LIMITED SPONSORED ADS BZ	BZ	787,745	$10.1m3.48%	3.48%	Added +91.1k	+91,128 13.1%
11	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	131,480	$10.0m3.44%	3.44%	Reduced -67.4k	-67,442 -33.9%
12	LAM RESEARCH CORP COM COM		20,295	$8.8m3.01%	3.01%	Reduced -7.8k	-7,840 -27.9%
13	GRUPO FINANCIERO GALICIA SPONSORED ADR SPONSORED ADR		149,289	$7.5m2.56%	2.56%	Reduced -18.1k	-18,064 -10.8%
14	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	867,295	$7.0m2.41%	2.41%	Added +609.5k	+609,468 236.4%
15	NU HLDGS LTD ORD SHS CL A NU	NU	504,130	$6.7m2.31%	2.31%	Reduced -1.6k	-1,613 -0.3%
16	ICICI BANK LIMITED ADR IBN	IBN	217,511	$6.3m2.16%	2.16%	Reduced -79.3k	-79,294 -26.7%
17	FREEPORT-MCMORAN INC CL B FCX	FCX	99,691	$6.3m2.15%	2.15%	Added +11.8k	+11,755 13.4%
18	QIFU TECHNOLOGY INC AMERICAN DEP QFIN	QFIN	372,081	$5.9m2.02%	2.02%	Added +94.9k	+94,932 34.2%
19	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	175,062	$5.1m1.76%	1.76%	Added +46.1k	+46,075 35.7%
20	CREDICORP LTD COM BAP	BAP	12,817	$5.0m1.71%	1.71%	Reduced -23	-23 -0.2%
21	HDFC BANK LTD SPONSORED ADS HDB	HDB	188,264	$4.9m1.67%	1.67%	Reduced -98.4k	-98,387 -34.3%
22	INTERCORP FINL SVCS INC SHS IFS	IFS	81,938	$4.7m1.60%	1.60%	Added +9.6k	+9,554 13.2%
23	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	284,705	$4.6m1.58%	1.58%	Reduced -489	-489 -0.2%
24	KINGSOFT CLOUD HLDGS LTD ADS KC	KC	477,826	$4.3m1.48%	1.48%	Added +257.4k	+257,447 116.8%
25	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	31,408	$4.0m1.38%	1.38%	Reduced -57	-57 -0.2%
26	XP INC CL A XP	XP	195,202	$3.2m1.09%	1.09%	New
27	COUPANG INC CL A CPNG	CPNG	177,538	$3.1m1.06%	1.06%	Added +1.5k	+1,478 0.8%
28	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	2,079,000	$2.0m0.69%	0.69%	Added +805.9k	+805,941 63.3%
29	VALE S A SPONSORED ADS VALE	VALE	133,528	$2.0m0.69%	0.69%	Reduced -543	-543 -0.4%
30	BAIDU INC SPON ADR REP A BIDU	BIDU	11,360	$1.3m0.45%	0.45%	Reduced -12.0k	-12,003 -51.4%
31	MATTHEWS ASIA FDS KOREA ACTIVE ETF MKOR	MKOR	5,032	$333.8k0.11%	0.11%	Unchanged
32	MATTHEWS INTL FDS ASIA DIVIDEND AC ADVE	ADVE	5,000	$230.0k0.08%	0.08%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
FUTU HLDGS LTD FUTU	FUTU	68,723	$9.4m68.7k shares
SEA LTD SE	SE	28,621	$2.4m28.6k shares
TRIP COM GROUP LTD TCOM	TCOM	39,529	$2.0m39.5k shares
GLOBANT S A GLOB	GLOB	6,399	$295.1k6.4k shares
SK TELECOM CO LTD SKM	SKM	3,326	$97.4k3.3k shares
AGI INC AGBK	AGBK	9,564	$69.5k9.6k shares