updated
24 results Total investment of current selection: $ 396 M
| # | Name | Name | Name | Type | Country of HQ | Country of HQ | Country of HQ | Sectors | subsidiaries | Shares $M | Bonds $M | Total $M | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Reliance Industries Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | $ 98 M | $ 98 M | ||||||
| 2 | ITOCHU Corporation | Matthews International Capital Management | investment | United States | Japan | North America | East Asia | Itochu Treasury KK | $ 54 M | $ 54 M | |||||
| 3 | Tata Power Co Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | Bhira Investments Pte Ltd, Khopoli Investments Ltd, Maithon Power Ltd, Industrial Energy Ltd | $ 40 M | $ 40 M | |||||
| 4 | Mitsubishi Corporation | Matthews International Capital Management | investment | United States | Japan | North America | East Asia | Mitsubishi Corporation Finance PLC, Mitsubishi Corp Energy Solutions Co Ltd, Mitsubishi Corp Finance PLC | $ 24 M | $ 24 M | |||||
| 5 | Bharat Heavy Electricals Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | $ 23 M | $ 23 M | ||||||
| 6 | China National Petroleum Corporation (CNPC) | Matthews International Capital Management | investment | United States | China | North America | East Asia | SNPS-Aktobemunaygaz AO, PetroChina Company Ltd, CNPC Capital Co Ltd, KunLun Energy Company Ltd, CNPC General Capital Ltd, Petrochina Kunlun Gas Co Ltd | $ 23 M | $ 23 M | |||||
| 7 | Yangzijiang Shipbuilding (Holdings) Ltd | Matthews International Capital Management | investment | United States | China | North America | East Asia | $ 21 M | $ 21 M | ||||||
| 8 | ENN Natural Gas Co Ltd | Matthews International Capital Management | investment | United States | China | North America | East Asia | $ 19 M | $ 19 M | ||||||
| 9 | Guangdong Investment Ltd | Matthews International Capital Management | investment | United States | China | North America | East Asia | $ 16 M | $ 16 M | ||||||
| 10 | NTPC Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | Jhabua Power Ltd, Patratu Vidyut Utpadan Nigam Ltd, Bhartiya Rail Bijlee Co Ltd, Kanti Bijlee Utpadan Nigam Ltd, Nabinagar Power Generating Co Ltd, THDC India Ltd, NTPC Mining Ltd | $ 13 M | $ 13 M | |||||
| 11 | Hyundai Motor Company | Matthews International Capital Management | investment | United States | South Korea | North America | East Asia | $ 13 M | $ 13 M | ||||||
| 12 | Grand Titan Capital Holdings Inc | Matthews International Capital Management | investment | United States | Philippines | North America | South-East Asia | GT Capital Holdings Inc | $ 12 M | $ 12 M | |||||
| 13 | UltraTech Cement Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | $ 11 M | $ 1 M | $ 12 M | |||||
| 14 | Adani Group | Matthews International Capital Management | investment | United States | India | North America | South Asia | Adani Australia Pty Ltd, Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, North Queensland Export Terminal Pty Ltd, PT Adani Global, Bravus Mining and Resources, Pench Thermal Energy (MP) Ltd, Adani Power Dahej Ltd, Adani Power (Jharkhand) Ltd, Karaikal Port Pvt Ltd, Adani Krishnapatnam Port Ltd, Mahan Energen Ltd, Bowen Rail Co Pty Ltd, Stratatech Mineral Resources Pvt Ltd, Adani Electricity Mumbai Ltd, NQXT Capital Pty Ltd, Adani Rugby Run Finance Pty Ltd, Mahanadi Mines and Minerals Pvt Ltd, CG Natural Resources Pvt Ltd, MP Natural Resources Pvt Ltd, Anuppur Thermal Energy (MP) Pvt Ltd, Katni Thermal Energy (MP) Ltd, Mirzapur Thermal Energy (UP) Pvt Ltd, Adani Infra (India) Ltd, Kalinga Alumina Ltd, Ambuja Cements Ltd | $ 11 M | $ 11 M | |||||
| 15 | Woodside Energy Group Ltd | Matthews International Capital Management | investment | United States | Australia | North America | Oceania | Woodside Finance Ltd | $ 4 M | $ 4 M | |||||
| 16 | Banco BTG Pactual SA | Matthews International Capital Management | investment | United States | Brazil | North America | South America | $ 2 M | $ 2 M | ||||||
| 17 | PT Indika Energy Tbk | Matthews International Capital Management | investment | United States | Indonesia | North America | South-East Asia | PT Indika Inti Corpindo, PT Kideco Jaya Agung, PT Multi Tambangjaya Utama, Indika Energy Trading Pte Ltd, Indika Capital Investment Pte Ltd, Indika Energy Capital Pte Ltd, Indika Energy Capital II Pte Ltd, Indika Energy Capital III Pte Ltd, Indika Energy Capital IV Pte Ltd | $ 2 M | $ 2 M | |||||
| 18 | PT Adaro Energy Indonesia Tbk | Matthews International Capital Management | investment | United States | Indonesia | North America | South-East Asia | PT Tanjung Power Indonesia, PT Adaro Power, PT Makmur Sejahtera Wisesa, PT Adaro Indonesia, PT Adaro Logistics, Adaro Capital Ltd, Arindo Holdings Mauritius Ltd, PT Bukit Enim Energi, PT Kaltara Power Indonesia | $ 2 M | $ 2 M | |||||
| 19 | Petro Rio SA (PRIO) | Matthews International Capital Management | investment | United States | Brazil | North America | South America | $ 1 M | $ 1 M | ||||||
| 20 | TotalEnergies SE | Matthews International Capital Management | investment | United States | France | North America | Europe (EU) | Total Finance SAS, Total Treasury SAS, TotalEnergies Capital SA, TotalEnergies Capital Canada Ltd, TotalEnergies Capital International SA, East African Crude Oil Pipeline (EACOP) Ltd | $ 1 M | $ 1 M | |||||
| 21 | Ayala Corporation | Matthews International Capital Management | investment | United States | Philippines | North America | South-East Asia | Acen Corporation, Enex Energy Corporation | $ 1 M | $ 1 M | |||||
| 22 | Wanhua Chemical Group Co Ltd | Matthews International Capital Management | investment | United States | China | North America | East Asia | Wanhua Chemical (Ningbo) Thermal Power Co Ltd, Wanhua Chemical (YANTAI) CHLOR-ALKALI Thermal POWER Co Ltd | $ 1 M | $ 1 M | |||||
| 23 | JSW Steel Ltd | Matthews International Capital Management | investment | United States | India | North America | South Asia | JSW Utkal Steel Ltd | $ <1 M | $ <1 M | |||||
| 24 | Sembcorp Industries Ltd | Matthews International Capital Management | investment | United States | Singapore | North America | South-East Asia | $ <1 M | $ <1 M |
Remarks
Financial data is drawn from the commercial database Refinitiv (now known as LSEG Data & Analytics). For a selection of pension and sovereign wealth funds, data was collected from the fund disclosures and SEC filings in individual cases. The data was retrieved in May 2024, but filings can be older than that and might have changed since. This might especially be the case if an investor introduced a fossil fuel policy in the meantime. We acknowledge that shares and bonds of some Russian companies can't be traded on all markets anymore and were written off some investors’ portfolios.
This report is meant for information purposes only and not as a source of any specific investment recommendation. Nothing herein shall constitute or be construed as a recommendation, endorsement, or sponsorship of any company or fund. You should determine on your own whether you agree with the content of this information and data provided.
For more information read our detailed Methodology!