Matthews International Capital Management has significantly reduced its stake in Futu Holdings, selling 82,183 shares valued at approximately $12.78 million, according to a SEC filing dated May 4, 2026. This sale decreased Matthews’ holdings in Futu from 7.5% to 3.81% of its reportable assets under management (AUM), with the position no longer among its top five holdings. Futu shares, priced at $156.04, have seen a remarkable 58.26% increase over the past year, outperforming the S&P 500.
This divestment raises questions among investors, particularly as Matthews has also trimmed other high-growth positions, reflecting a broader decline of over $80 million in total AUM for the quarter. While some may interpret this as a sign of potential weakness in Futu’s business, it is essential to contextualize the move as profit-taking amid strong performance.
Investors should consider focusing on Futu’s long-term growth potential and user base expansion rather than reacting solely to institutional trading activity.
Source: fool.com