Primavera Capital Management Ltd — 13F Holdings & Portfolio
CIK 1686305 · latest 13F-HR filed 2026-08-13
Primavera Capital Management Ltd manages $565.1M in 13F-reported U.S. long-equity assets across 5 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are YUMC (87.05%), XPEV (7.75%), DSC (3.68%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 0, added to 0, and trimmed 3.
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.
GRAND CAYMAN KY1-9008
$565.1M
Long-equity book
5
Distinct positions
2026-06-30
Filed 2026-08-13
+2 / −0 / ↑0 / ↓3
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Trims
- YUM CHINA HLDGS INC.-$95.2M -16.2%
- XPENG INC.-$12.8M -22.6%
- CANGO INC.-$2.1M -50.2%
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 | $491.9M | 87.05% | 12,035,635 | SH |
| 2 | XPENG INC. | XPEV | 98422D105 | $43.8M | 7.75% | 3,306,567 | SH |
| 3 | DSC HOLDINGS LTD | DSC | 233369107 | $20.8M | 3.68% | 3,770,332 | SH |
| 4 | SUNLANDS TECHNOLOGY GROUP | STG | 86740P207 | $6.5M | 1.15% | 1,652,778 | SH |
| 5 | CANGO INC. | CANG | 137586103 | $2.1M | 0.37% | 10,308,662 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $565.1M | 5 | 0000945621-26-001040 |
| 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 |