Matthews International Capital Management is an investment fund managing more than $452 billion ran by John Kast. There are currently 37 companies in Mr. Kast’s portfolio. The largest investments include PDD Inc and Full Truck Alliance Co, together worth $116 billion.
As of 15th July 2024, Matthews International Capital Management’s top holding is 455,484 shares of PDD Inc currently worth over $60.6 billion and making up 13.4% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, Matthews International Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 6,936,769 shares of Full Truck Alliance Co worth $55.8 billion, whose value grew 24.6% in the past six months.
The third-largest holding is Legend Biotech Corp worth $45.3 billion and the next is Sea Ltd worth $42.9 billion, with 601,345 shares owned.
Currently, Matthews International Capital Management's portfolio is worth at least $452 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Matthews International Capital Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, John Kast serves as the Chief Compliance Officer at Matthews International Capital Management.
In the most recent 13F filing, Matthews International Capital Management revealed that it had opened a new position in
Bilibili Inc and bought 411,030 shares worth $6.35 billion.
This means they effectively own approximately 0.1% of the company.
Bilibili Inc makes up
5.9%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in PDD Inc by buying
94,791 additional shares.
This makes their stake in PDD Inc total 455,484 shares worth $60.6 billion.
PDD Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Matthews International Capital Management is getting rid of from its portfolio.
Matthews International Capital Management closed its position in NVIDIA Corp on 22nd July 2024.
It sold the previously owned 30,331 shares for $27.4 billion.
John Kast also disclosed a decreased stake in Full Truck Alliance Co by approximately 0.1%.
This leaves the value of the investment at $55.8 billion and 6,936,769 shares.
The two most similar investment funds to Matthews International Capital Management are Iowa State Bank and Cheviot Value Management. They manage $452 billion and $452 billion respectively.
Matthews International Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 25.1% of
the total portfolio value.
The fund focuses on investments in the China as
21.6% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
43% of the total holdings value.
On the other hand, small-cap stocks make up only 2.7% of the portfolio.
The average market cap of the portfolio companies is close to $41.9 billion.
These positions were updated on July 22nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
26.28%
455,484
|
$60,556,598,000 | 13.40% |
| Full Truck Alliance Co. Ltd. |
0.75%
6,936,769
|
$55,771,623,000 | 12.34% |
| Legend Biotech Corp |
36.02%
1,022,780
|
$45,298,926,000 | 10.02% |
| Sea Ltd |
92.97%
601,345
|
$42,948,060,000 | 9.50% |
| KE Holdings Inc. |
35.57%
2,369,481
|
$33,528,156,000 | 7.42% |
| Taiwan Semiconductor Mfg Ltd |
2.49%
169,557
|
$29,470,702,000 | 6.52% |
| NVIDIA Corp |
Closed
30,331
|
$27,405,878,000 | |
| Trip.com Group Ltd |
13.01%
560,670
|
$26,351,490,000 | 5.83% |
| Yum China Holdings Inc |
13.71%
779,238
|
$24,031,700,000 | 5.32% |
| Zhihu Inc. |
83.54%
5,359,714
|
$14,632,019,000 | 3.24% |
| Lam Research Corp. |
6.66%
13,339
|
$14,204,034,000 | 3.14% |
| JD.com Inc |
Closed
447,150
|
$12,247,439,000 | |
| Micron Technology Inc. |
7.91%
83,315
|
$10,958,422,000 | 2.42% |
| Kanzhun Limited |
16.27%
581,437
|
$10,936,830,000 | 2.42% |
| Broadcom Inc. |
46.84%
6,451
|
$10,357,274,000 | 2.29% |
| Nu Hldgs Ltd |
0.65%
669,807
|
$8,633,812,000 | 1.91% |
| Acm Resh Inc |
1.16%
360,131
|
$8,304,621,000 | 1.84% |
| NetEase Inc |
7.39%
82,913
|
$7,924,825,000 | 1.75% |
| Bilibili Inc |
Opened
411,030
|
$6,346,303,000 | 1.40% |
| Icici Bank Limited |
76.32%
192,652
|
$5,550,304,000 | 1.23% |
| Tencent Music Entmt Group |
80.23%
357,808
|
$5,027,202,000 | 1.11% |
| Asml Holding N V |
70.73%
4,459
|
$4,560,353,000 | 1.01% |
| New Oriental Ed & Technology |
40.73%
56,253
|
$4,372,546,000 | 0.97% |
| Atour Lifestyle Hldgs Ltd |
Opened
234,955
|
$4,311,424,000 | 0.95% |
| Alibaba Group Hldg Ltd |
45.38%
37,162
|
$2,675,664,000 | 0.59% |
| Miniso Group Hldg Ltd |
4.09%
131,941
|
$2,516,115,000 | 0.56% |
| HDFC Bank Ltd. |
36.93%
38,331
|
$2,465,833,000 | 0.55% |
| Zto Express Cayman Inc |
Closed
109,932
|
$2,301,976,000 | |
| Kaspi Kz Jsc |
Opened
13,376
|
$1,725,638,000 | 0.38% |
| Credicorp Ltd |
51.06%
9,964
|
$1,607,492,000 | 0.36% |
| MercadoLibre Inc |
10.20%
616
|
$1,012,334,000 | 0.22% |
| Coupang, Inc. |
17.69%
41,781
|
$875,312,000 | 0.19% |
| TotalEnergies SE |
36.59%
12,927
|
$861,972,000 | 0.19% |
| Petroleo Brasileiro Sa Petro |
Opened
59,348
|
$859,953,000 | 0.19% |
| Freeport-McMoRan Inc |
59.58%
17,026
|
$827,464,000 | 0.18% |
| Globant S.A. |
48.83%
4,533
|
$808,053,000 | 0.18% |
| Infosys Ltd |
26.36%
39,169
|
$729,327,000 | 0.16% |
| Despegar.com Corp |
111.47%
52,782
|
$698,306,000 | 0.15% |
| Vale S.A. |
62.35%
14,610
|
$163,194,000 | 0.04% |
| Applied Matls Inc |
Closed
679
|
$140,030,000 | |
| Sk Telecom Ltd |
No change
1,259
|
$26,351,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 41 holdings | |||