Filed: 10/17/2025ACC: 0001398344-25-019231
📋 What this filing means
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 40 equity positions with a total reported market value of $429.49M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
40
Positions
$429.49M
Total AUM (reported)
17.44M
Total Shares
Allocation by class
SPONSORED ADS$192.07M44.7%
ADS$43.88M10.2%
SPONSORD ADS$38.11M8.9%
COM$28.60M6.7%
CL A$20.94M4.9%
CLASS A ORD$18.76M4.4%
SHS$17.20M4.0%
Portfolio Concentration
Top 3$136.91M31.9%
4–10$142.89M33.3%
11–25$131.26M30.6%
Rest$18.42M4.3%
Top 3 weight
31.9%
Top 10 weight
65.1%
Voting Authority Distribution
Total shares with voting rights: 17.44M
Sole
Full voting authority
17.44M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole40
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings40
Rows:
PDD HOLDINGS INC
SOLEShares493.80K
TypeSH
Market value$65.27M
15.20%
Sole
493.80K
Shared
0.00
None
0.00
SEA LTD
SOLEShares213.23K
TypeSH
Market value$38.11M
8.87%
Sole
213.23K
Shared
0.00
None
0.00
LEGEND BIOTECH CORP
SOLEShares1.03M
TypeSH
Market value$33.54M
7.81%
Sole
1.03M
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares388.14K
TypeSH
Market value$29.19M
6.80%
Sole
388.14K
Shared
0.00
None
0.00
KANZHUN LIMITED
SOLEShares1.03M
TypeSH
Market value$24.06M
5.60%
Sole
1.03M
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE CO LTD
SOLEShares1.85M
TypeSH
Market value$24.01M
5.59%
Sole
1.85M
Shared
0.00
None
0.00
GRAB HOLDINGS LIMITED
SOLEShares3.12M
TypeSH
Market value$18.76M
4.37%
Sole
3.12M
Shared
0.00
None
0.00
MAKEMYTRIP LIMITED
SOLEShares180.12K
TypeSH
Market value$16.86M
3.93%
Sole
180.12K
Shared
0.00
None
0.00
TENCENT MUSIC ENTMT GROUP
SOLEShares646.35K
TypeSH
Market value$15.09M
3.51%
Sole
646.35K
Shared
0.00
None
0.00
COUPANG INC
SOLEShares463.59K
TypeSH
Market value$14.93M
3.48%
Sole
463.59K
Shared
0.00
None
0.00
ZHIHU INC
SOLEShares2.90M
TypeSH
Market value$14.70M
3.42%
Sole
2.90M
Shared
0.00
None
0.00
KE HLDGS INC
SOLEShares729.69K
TypeSH
Market value$13.86M
3.23%
Sole
729.69K
Shared
0.00
None
0.00
YUM CHINA HLDGS INC
SOLEShares311.29K
TypeSH
Market value$13.36M
3.11%
Sole
311.29K
Shared
0.00
None
0.00
ICICI BANK LIMITED
SOLEShares369.77K
TypeSH
Market value$11.18M
2.60%
Sole
369.77K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares36.13K
TypeSH
Market value$10.09M
2.35%
Sole
36.13K
Shared
0.00
None
0.00
QFIN HOLDINGS INC
SOLEShares322.85K
TypeSH
Market value$9.29M
2.16%
Sole
322.85K
Shared
0.00
None
0.00
FUTU HLDGS LTD
SOLEShares47.99K
TypeSH
Market value$8.35M
1.94%
Sole
47.99K
Shared
0.00
None
0.00
ITAU UNIBANCO HLDG S A
SOLEShares1.11M
TypeSH
Market value$8.15M
1.90%
Sole
1.11M
Shared
0.00
None
0.00
ACM RESH INC
SOLEShares203.51K
TypeSH
Market value$7.96M
1.85%
Sole
203.51K
Shared
0.00
None
0.00
HDFC BANK LTD
SOLEShares217.27K
TypeSH
Market value$7.42M
1.73%
Sole
217.27K
Shared
0.00
None
0.00
ATOUR LIFESTYLE HLDGS LTD
SOLEShares195.74K
TypeSH
Market value$7.36M
1.71%
Sole
195.74K
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares36.34K
TypeSH
Market value$6.08M
1.42%
Sole
36.34K
Shared
0.00
None
0.00
XP INC
SOLEShares320.05K
TypeSH
Market value$6.01M
1.40%
Sole
320.05K
Shared
0.00
None
0.00
MERCADOLIBRE INC
SOLEShares1.65K
TypeSH
Market value$3.84M
0.90%
Sole
1.65K
Shared
0.00
None
0.00
NETEASE INC
SOLEShares23.68K
TypeSH
Market value$3.60M
0.84%
Sole
23.68K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCSOLE | SPONSORED ADS | 493.80K | SH | $65.27M 15.20% | 493.80K | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 213.23K | SH | $38.11M 8.87% | 213.23K | 0.00 | 0.00 |
LEGEND BIOTECH CORPSOLE | SPONSORED ADS | 1.03M | SH | $33.54M 7.81% | 1.03M | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | ADS | 388.14K | SH | $29.19M 6.80% | 388.14K | 0.00 | 0.00 |
KANZHUN LIMITEDSOLE | SPONSORED ADS | 1.03M | SH | $24.06M 5.60% | 1.03M | 0.00 | 0.00 |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 1.85M | SH | $24.01M 5.59% | 1.85M | 0.00 | 0.00 |
GRAB HOLDINGS LIMITEDSOLE | CLASS A ORD | 3.12M | SH | $18.76M 4.37% | 3.12M | 0.00 | 0.00 |
MAKEMYTRIP LIMITEDSOLE | SHS | 180.12K | SH | $16.86M 3.93% | 180.12K | 0.00 | 0.00 |
TENCENT MUSIC ENTMT GROUPSOLE | SPON ADS | 646.35K | SH | $15.09M 3.51% | 646.35K | 0.00 | 0.00 |
COUPANG INCSOLE | CL A | 463.59K | SH | $14.93M 3.48% | 463.59K | 0.00 | 0.00 |
ZHIHU INCSOLE | ADS | 2.90M | SH | $14.70M 3.42% | 2.90M | 0.00 | 0.00 |
KE HLDGS INCSOLE | SPONSORED ADS | 729.69K | SH | $13.86M 3.23% | 729.69K | 0.00 | 0.00 |
YUM CHINA HLDGS INCSOLE | COM | 311.29K | SH | $13.36M 3.11% | 311.29K | 0.00 | 0.00 |
ICICI BANK LIMITEDSOLE | ADR | 369.77K | SH | $11.18M 2.60% | 369.77K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 36.13K | SH | $10.09M 2.35% | 36.13K | 0.00 | 0.00 |
QFIN HOLDINGS INCSOLE | AMERICAN DEP | 322.85K | SH | $9.29M 2.16% | 322.85K | 0.00 | 0.00 |
FUTU HLDGS LTDSOLE | SPON ADS CL A | 47.99K | SH | $8.35M 1.94% | 47.99K | 0.00 | 0.00 |
ITAU UNIBANCO HLDG S ASOLE | SPON ADR REP PFD | 1.11M | SH | $8.15M 1.90% | 1.11M | 0.00 | 0.00 |
ACM RESH INCSOLE | COM CL A | 203.51K | SH | $7.96M 1.85% | 203.51K | 0.00 | 0.00 |
HDFC BANK LTDSOLE | SPONSORED ADS | 217.27K | SH | $7.42M 1.73% | 217.27K | 0.00 | 0.00 |
ATOUR LIFESTYLE HLDGS LTDSOLE | SPONSORED ADS | 195.74K | SH | $7.36M 1.71% | 195.74K | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 36.34K | SH | $6.08M 1.42% | 36.34K | 0.00 | 0.00 |
XP INCSOLE | Cl A | 320.05K | SH | $6.01M 1.40% | 320.05K | 0.00 | 0.00 |
MERCADOLIBRE INCSOLE | COM | 1.65K | SH | $3.84M 0.90% | 1.65K | 0.00 | 0.00 |
NETEASE INCSOLE | SPONSORED ADS | 23.68K | SH | $3.60M 0.84% | 23.68K | 0.00 | 0.00 |
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