Primavera Capital Management Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Primavera Capital Management Ltd reported 3 stock positions worth $622.2 million. Its top holding was Yum China (YUMC) at 86.5% of the portfolio, followed by Xpeng Inc. - ADR (XPEV, 9.5%) and Cango Inc./KY - ADR (CANG, 4.0%). Its holdings were unchanged from Q1 2025.

Most Recent 13F
Q2 2026
Location
GRAND CAYMAN, E9
CIK
0001686305
Portfolio Value
$622.2M (Q2 2025)
SEC Filing
0000945621-25-000715 ↗ filed Aug 11, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $136.4M Q1 2024 Q2 2024: $517.6M Q2 2024 Q3 2024: $591.3M Q3 2024 Q4 2024: $641.5M Q4 2024 Q1 2025: $714.6M Q1 2025 Q2 2025: $622.2M $622.2M Q2 2025 Q3 2025: $615.9M Q3 2025 Q4 2025: $657.1M Q4 2025 Q1 2026: $647.9M Q1 2026 Q2 2026: $565.1M Q2 2026

Holdings 3 stocks · $622.2M
YUMC Yum China Holdings Inc. 86.48% 12,035,635 $538.1M No change
XPEV Xpeng Inc. - ADR 9.50% 3,306,567 $59.1M No change
CANG Cango Inc./KY - ADR 4.02% 5,154,331 $25.0M No change

Portfolio Sells Q1 2025 → Q2 2025
None this quarter.

Portfolio Buys Q1 2025 → Q2 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$565.1MYUMC, XPEV, DSC, STG, CANG
Q1 2026 3$647.9MYUMC, XPEV, CANG
Q4 2025 3$657.1MYUMC, XPEV, CANG
Q3 2025 3$615.9MYUMC, XPEV, CANG
Q2 2025 3$622.2MYUMC, XPEV, CANG
Q1 2025 3$714.6MYUMC, XPEV, CANG
Q4 2024 3$641.5MYUMC, XPEV, CANG
Q3 2024 3$591.3MYUMC, XPEV, CANG
Q2 2024 4$517.6MYUMC, PLTR, XPEV, CANG
Q1 2024 3$136.4MPLTR, XPEV, CANG