Primavera Capital Management Ltd — 13F Holdings & Portfolio

CIK 1686305 · latest 13F-HR filed 2026-05-15

Primavera Capital Management Ltd manages $647.9M in 13F-reported U.S. long-equity assets across 3 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are YUMC (90.61%), XPEV (8.73%), CANG (0.65%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 0 new positions, exited 0, added to 0, and trimmed 2.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM

$647.9M

Long-equity book

Holdings

3

Distinct positions

Period

2026-03-31

Filed 2026-05-15

Q/Q Activity

+0 / −0 / ↑0 / ↓2

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • No increased positions.
Show all 0

Top Trims

  • CANGO INC.-$11.2M -72.6%
  • XPENG INC.-$10.5M -15.6%
Show all 2

New Positions

  • No new positions this quarter.
Show all 0

Exited Positions

  • No exits this quarter.
Show all 0
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 YUM CHINA HLDGS INC. YUMC 98850P109 $587.1M 90.61% 12,035,635 SH
2 XPENG INC. XPEV 98422D105 $56.6M 8.73% 3,306,567 SH
3 CANGO INC. CANG 137586103 $4.2M 0.65% 10,308,662 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-15 $647.9M 3 0000945621-26-000710
2025-12-31 2026-02-13 $657.1M 3 0000945621-26-000297
2025-09-30 2025-11-13 $615.9M 3 0000945621-25-001075