13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
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CIK: 0001028074
申报总市值
US$2.9亿
US$2.9亿
40 檔
65.2%
Matthews International Capital Management LLC 在 Q3 2025 季度的美股仓位总计估值为 US$2.9亿，分散于 40 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q3 2025，Matthews International Capital Management LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 27 个仓位并完全清仓 6 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Matthews International Capital Management LLC 的前 5 大核心持股（包含 PDD, SE, LEGN 等）合计占整体申报市值的 65.2%，反映机构在主要关键仓位上的权重分布。
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | 股票-周期性消费 | 15.20% | -4.81% | -1.24% | |
| 2 | SE | Sea Ltd-adr | 股票-通信服务 | 8.87% | -0.96% | EXIT | |
| 3 | LEGN | Legend Biotech Corp-adr | 股票-其他 | 7.81% | +2.28% | -20.46% | |
| 4 | TCOM | Trip.com Group Ltd-adr | 股票-周期性消费 | 6.80% | -0.80% | EXIT | |
| 5 | BZ | Kanzhun LTD - Adr | 股票-其他 | 5.60% | -0.30% | +8.24% | |
| 6 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 5.59% | +1.54% | -37.87% | |
| 7 | GRAB | Grab Holdings Limited | 股票-科技 | 4.37% | -1.20% | -15.07% | |
| 8 | MMYT | MakeMyTrip Limited | 股票-其他 | 3.93% | — | -2.01% | |
| 9 | TME | Tencent Music Entertainm-adr | 股票-通信服务 | 3.51% | — | -20.23% | |
| 10 | CPNG | Coupang Inc | 股票-周期性消费 | 3.48% | -0.29% | +10.15% | |
| 11 | ZH | Zhihu Inc. | 股票-其他 | 3.42% | — | -18.91% | |
| 12 | BEKE | Ke Holdings Inc-adr | 股票-其他 | 3.23% | — | -10.24% | |
| 13 | YUMC | Yum China Holdings Inc | 股票-周期性消费 | 3.11% | -5.78% | -3.91% | |
| 14 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 2.60% | -0.96% | -3.87% | |
| 15 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.35% | +1.02% | -22.21% | |
| 16 | QFIN | Qfin Holdings Inc-adr | 股票-其他 | 2.16% | +0.57% | +18.20% | |
| 17 | FUTU | Futu Holdings Ltd-adr | 股票-金融 | 1.94% | -3.81% | EXIT | |
| 18 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 1.90% | +0.51% | -1.43% | |
| 19 | ACMR | Acm Research Inc-class A | 股票-其他 | 1.85% | +3.54% | -8.04% | |
| 20 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 1.73% | -1.22% | +82.83% | |
| 21 | ATAT | Atour Lifestyle Holdings-adr | 股票-其他 | 1.71% | +0.54% | -0.51% | |
| 22 | MU | Micron Technology Inc | 股票-科技 | 1.42% | +2.72% | +14.25% | |
| 23 | XPEV | XPeng Inc. | 股票-其他 | 1.40% | +1.09% | NEW | |
| 24 | MELI | Mercadolibre Inc | 股票-周期性消费 | 0.90% | — | -2.14% | |
| 25 | NTES | Netease Inc-adr | 股票-通信服务 | 0.84% | — | -58.56% | |
| 26 | FMX | Fomento Economico Mex-sp Adr | 股票-其他 | 0.71% | -0.04% | -7.80% | |
| 27 | LRCXEUR | Lam Research CORP | 股票-科技 | 0.71% | +0.57% | +7.46% | |
| 28 | CYD | China Yuchai International Limited | 股票-其他 | 0.53% | -1.57% | — | |
| 29 | NU | Nu Holdings Ltd. | 股票-金融 | 0.51% | -0.64% | +30.24% | |
| 30 | ✓ | Grupo Financiero Galicia | 股票-其他 | 0.47% | -0.61% | +1037.92% | |
| 31 | TUYA | Tuya Inc | 股票-其他 | 0.40% | — | — | |
| 32 | ZTO 1.5 09-01-27债券 | Zto Express Ky Inc | 债券 | 0.32% | — | -96.78% | |
| 33 | CHA | Chagee Holdings Ltd-adr | 股票-其他 | 0.21% | — | — | |
| 34 | BVN | Cia De Minas Buenaventur-adr | 股票-其他 | 0.13% | -0.13% | -12.07% | |
| 35 | JD | Jd.com Inc-adr | 股票-周期性消费 | 0.09% | — | -52.51% | |
| 36 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 0.07% | +0.05% | -12.13% | |
| 37 | KSPI | Jsc Kaspi.kz Adr | 股票-其他 | 0.05% | — | -88.64% | |
| 38 | ADVE | Matthews Asia Dividend ETF | ETF-其他 | 0.04% | — | — | |
| 39 | MKOR | Matthews Korea Active ETF | ETF-其他 | 0.04% | +0.02% | -49.84% | |
| 40 | SKM | Sk Telecom Co Ltd-spon Adr | 股票-其他 | 0.01% | -0.04% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | BZ | Kanzhun LTD - Adr | +1.4% | +8.24% | 减仓 |
| 2 | QFIN | Qfin Holdings Inc-adr | +1.3% | +18.20% | 加仓 |
| 3 | MMYT | MakeMyTrip Limited | +1.2% | -2.01% | 加仓 |
| 4 | TME | Tencent Music Entertainm-adr | +1.1% | -20.23% | 减仓 |
| 5 | GRAB | Grab Holdings Limited | +1% | -15.07% | 减仓 |
| 6 | TCOM | Trip.com Group Ltd-adr | +0.8% | +0.85% | 减仓 |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.8% | -22.21% | 减仓 |
| 8 | ITUB | Itau Unibanco H-spon Prf Adr | +0.8% | -1.43% | 加仓 |
| 9 | ACMR | Acm Research Inc-class A | +0.7% | -8.04% | 减仓 |
| 10 | MU | Micron Technology Inc | +0.6% | +14.25% | 减仓 |
| 11 | ATAT | Atour Lifestyle Holdings-adr | +0.4% | -0.51% | 减仓 |
| 12 | MELI | Mercadolibre Inc | +0.3% | -2.14% | 加仓 |
| 13 | ZH | Zhihu Inc. | +0.2% | -18.91% | 减仓 |
| 14 | LRCXEUR | Lam Research CORP | +0.2% | +7.46% | 减仓 |
| 15 | LEGN | Legend Biotech Corp-adr | +0.1% | -20.46% | 减仓 |
| 16 | BVN | Cia De Minas Buenaventur-adr | 0% | -12.07% | 减仓 |
| 17 | MKOR | Matthews Korea Active ETF | — | -49.84% | 减仓 |
| 18 | SKM | Sk Telecom Co Ltd-spon Adr | — | — | 减仓 |
| 19 | FCX | Freeport-mcmoran Inc | 0% | -12.13% | 减仓 |
| 20 | NTES | Netease Inc-adr | -0.1% | -58.56% | 减仓 |
| 21 | NU | Nu Holdings Ltd. | -0.1% | +30.24% | 减仓 |
| 22 | ZTO 1.5 09-01-27债券 | Zto Express Ky Inc | -0.1% | -96.78% | 减仓 |
| 23 | PDD | Pdd Holdings Inc | -0.3% | -1.24% | 减仓 |
| 24 | CPNG | Coupang Inc | -0.4% | +10.15% | 减仓 |
| 25 | JD | Jd.com Inc-adr | -0.9% | -52.51% | 减仓 |
| 26 | BEKE | Ke Holdings Inc-adr | -1.1% | -10.24% | 减仓 |
| 27 | IBN | Icici Bank Ltd-spon Adr | -1.2% | -3.87% | 减仓 |
| 28 | HDB | Hdfc Bank Ltd-adr | -1.9% | +82.83% | 减仓 |
| 29 | YUMC | Yum China Holdings Inc | -2% | -3.91% | 减仓 |
| 30 | SE | Sea Ltd-adr | -2.5% | -33.22% | 减仓 |
| 31 | YMM | Full Truck Alliance -spn Adr | -3.8% | -37.87% | 减仓 |
| 32 | FUTU | Futu Holdings Ltd-adr | — | NEW | 新建仓 |
| 33 | INFY | Infosys Ltd-sp Adr | — | EXIT | 清仓 |
| 34 | XPEV | XPeng Inc. | — | NEW | 新建仓 |
| 35 | FMX | Fomento Economico Mex-sp Adr | — | NEW | 新建仓 |
| 36 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | 清仓 |
| 37 | CYD | China Yuchai International Limited | — | NEW | 新建仓 |
| 38 | ✓ | Grupo Financiero Galicia | — | NEW | 新建仓 |
| 39 | TUYA | Tuya Inc | — | NEW | 新建仓 |
| 40 | AVGO | Broadcom Inc | — | EXIT | 清仓 |
| 41 | CHA | Chagee Holdings Ltd-adr | — | NEW | 新建仓 |
| 42 | ✓ | — | EXIT | 清仓 | |
| 43 | PBR | Petroleo Brasileiro-spon Adr | — | EXIT | 清仓 |
| 44 | VALE | Vale Sa-sp Adr | — | EXIT | 清仓 |
| 45 | KSPI | Jsc Kaspi.kz Adr | — | NEW | 新建仓 |
| 46 | ADVE | Matthews Asia Dividend ETF | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Matthews International Capital Management LLC 在 Q3 2025 季度的美股持仓总市值约为 US$2.9亿，共申报了 40 个公开持股仓位。
在 Q3 2025 季度，Matthews International Capital Management LLC 按市值排列的前三大核心持股分别为：PDD (15.2%)、SE (8.9%)、LEGN (7.8%)。其中最大持股仓位 PDD 占据整体投资组合约 15.2% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
FUTU
市值: US$834.6万
本季最大获利了结 / 清仓标的
INFY
前期市值: US$631.8万
在 Q3 2025 季度中，Matthews International Capital Management LLC 共进行了 46 项持仓异动，包含新建仓 9 个仓位、加仓 4 个仓位、减仓 27 个仓位以及清仓 6 个仓位。 其中最大新建仓标的为 FUTU。 本季清仓仓位包含 INFY。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。