Matthews International Capital Management LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

YUMC, BEKE, 0A2S.IL, LEGN, YMM, TSM, BABA, TCOM, ZH, 0A2Z.IL, AVGO, MNSO, ACMR, NTES, SE, BZ, 0A2P.IL, 49BA.SG, NVDA, BIDU, MU, ASML, LRCX, ZTO, HDB, IBN, TOT, INFY, GLOB, AMAT, 0A2I.IL, NU, VINP, CPNG, ASR, VALE, FCX, SKM, NFLX, V, MELI, MPWR, ALGM, LULU, STAA, BILI, TDCX

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Title: Top Holdings Comparison: Matthews International Capital Management Q2 2023 vs. Q3 2023

Introduction:

In the ever-changing world of investments, fund holdings play a crucial role in determining the success of a portfolio. Matthews International Capital Management LLC is a prominent investment management firm that recently released its 13F holdings report comparing the second and third quarters of 2023. This article analyzes the significant changes in the company's top holdings during this period, shedding light on the dynamic nature of the investment landscape.

YUM CHINA HLDGS INC (YUMC):

YUMC's position witnessed a decline of 11.9% from Q2 2023 to Q3 2023. The number of shares held decreased from 3,029,502 to 2,707,194, and the value dropped from $171,166,000 to $150,844,000. Despite the decline, YUMC remains a significant holding for Matthews International Capital Management LLC.

KE HLDGS INC (BEKE):

BEKE's position experienced a remarkable 17.1% increase in shares held from Q2 2023 to Q3 2023. The number of shares surged from 7,113,463 to 7,969,313, along with an increase in value from $105,634,000 to $123,683,000. This substantial growth demonstrates Matthews International Capital Management LLC's confidence in BEKE's potential.

PDD HOLDINGS INC (0A2S.IL):

PDD witnessed a notable 57.2% increase in shares held, highlighting the company's growth in popularity. The number of shares held expanded from 988,879 to 1,096,238, while the value soared from $68,371,000 to $107,508,000. Matthews International Capital Management LLC recognizes the potential of PDD and has significantly increased its position.

LEGEND BIOTECH CORP (LEGN):

Though the change was minor, LEGN witnessed a slight increase from 1,123,692 to 1,123,828 shares held. On the value front, there was a slight decrease from $77,568,000 to $75,487,000, representing a marginal decline of 2.7%. Despite the minor fluctuations, LEGN remains a consistent holding for Matthews International Capital Management LLC.

FULL TRUCK ALLIANCE CO LTD (YMM):

YMM experienced significant growth in shares held from Q2 2023 to Q3 2023, with an increase of 40.9%. The number of shares soared from 6,490,404 to 9,119,529, resulting in a surge in value from $40,370,000 to $64,201,000. This notable increase reflects the growing confidence Matthews International Capital Management LLC has in YMM.

TAIWAN SEMICONDUCTOR MFG LTD (TSM):

TSM witnessed a significant decline in shares held of 41.1% from Q2 2023 to Q3 2023. The number of shares dropped from 567,723 to 388,150, accompanied by a decrease in value from $57,294,000 to $33,730,000. This indicates a shift in the investment strategy of Matthews International Capital Management LLC.

ALIBABA GROUP HLDG LTD (BABA):

BABA's position experienced a decrease of 21.8% in shares held, with the number of shares declining from 449,453 to 337,837. The value of the holding also decreased from $37,461,000 to $29,303,000. Such fluctuations highlight the volatility in the tech sector and the resulting adjustments made by Matthews International Capital Management LLC.

TRIP COM GROUP LTD (TCOM):

TCOM witnessed a remarkable increase in shares held, with an impressive 52.9% growth from Q2 2023 to Q3 2023. The number of shares surged from 536,975 to 821,790, accompanied by an increase in value from $18,794,000 to $28,737,000. Matthews International Capital Management LLC's growing trust in TCOM is apparent from this significant increase.

ZHIHU INC (ZH):

ZH surged in popularity, with Matthews International Capital Management LLC increasing its position by 63.1% from Q2 2023 to Q3 2023. The number of shares held rose from 14,543,461 to 25,770,807, accompanied by a minor increase in value from $16,434,000 to $26,801,000. This notable rise indicates the firm's belief in the growth potential of ZH.

TENCENT MUSIC ENTMT GROUP (0A2Z.IL):

0A2Z.IL experienced exponential growth, with shares held increasing by an impressive 119.9% from Q2 2023 to Q3 2023. The number of shares skyrocketed from 1,345,378 to 3,421,650, overshadowing the significant increase in value from $9,928,000 to $21,830,000. Matthews International Capital Management LLC recognizes the expanding influence of 0A2Z.IL and has made substantial adjustments to its position.

Conclusion:

Matthews International Capital Management LLC's Q2 2023 vs. Q3 2023 13F holdings comparison provides valuable insights into the company's investment strategy. While some holdings experienced minor fluctuations, others showcased significant growth or decline. This dynamic nature of investments reflects the ever-changing market conditions and the continuous adjustments made by seasoned investment managers. As the investment landscape evolves, Matthews International Capital Management LLC remains agile in reallocating its portfolio to optimize returns and minimize risks.