In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Tiger Pacific Capital LP reported 9 stock positions worth $215.4 million . Its top holding was Tal Education Group- ADR (TAL) at 35.5% of the portfolio, followed by Coupang (CPNG, 27.0% ) and Vnet Group Inc.-ADR (VNET, 10.9% ). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 2 and reduced 1. The biggest buy was Coupang (CPNG, shares +75% ) and the biggest sale an exit from PDD (PDD).
Location NEW YORK, NY
CIK 0001664492
Portfolio Value $215.4M (Q2 2026) Holdings 9 stocks · $215.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 TAL Tal Education Group- ADR filed as TAL ED GROUP 7,977,772 $76.3M No change CPNG Coupang Inc. 3,343,754 $58.1M Add +75.5% VNET Vnet Group Inc.-ADR 2,909,886 $23.4M Add +279.8% NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 1,880,865 $18.8M No change QFIN Qfin Holdings Inc.-ADR 954,921 $15.1M No change MMYT Makemytrip Ltd. 166,051 $8.8M No change RERE Atrenew Inc. 2,069,435 $8.0M No change MOMO Hello Group Inc. -SPN ADR 1,131,194 $6.6M Reduce -3.3% CBRS Cerebras Systems Inc. Class A 1,000 $221K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.9M (not counted above) Security Class Shares / Principal Value Change QFIN HOLDINGS INC NOTE 0.500% 4/0 · principal 3,300,000 $2.9M New
Total filed on the 13F, all lines: $218.3M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ PDD PDD Holdings Inc. Sold out 0.00% −12.94 MOMO Hello Group Inc. -SPN ADR Reduce -3.3% 3.05% −0.09
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ CPNG Coupang Inc. Add +75.5% 26.97% +10.19 VNET Vnet Group Inc.-ADR Add +279.8% 10.86% +7.87 CBRS Cerebras Systems Inc. Class A New 0.10% +0.10
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 300,000 $195.1Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ QFIN HOLDINGS INC NOTE 0.500% 4/0 · principal New 3,300,000 $2.9M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 9 $215.4M TAL, CPNG, VNET, NOAH, QFIN Q1 2026 9 $214.4M TAL, CPNG, PDD, NOAH, QFIN Q4 2025 10 $373.8M SE, TAL, MMYT, TSM, EDU Q3 2025 14 $395.4M TAL, SE, EDU, NTES, PDD Q2 2025 8 $301.3M TAL, SE, EDU, AS, NOAH Q1 2025 10 $277.6M TAL, QFIN, SE, JOYY, LU Q4 2024 14 $374.0M TAL, TSM, QFIN, JOYY, NOAH Q3 2024 15 $490.5M TAL, ZTO, TSM, PDD, QFIN Q2 2024 12 $346.9M TAL, TSM, ZTO, QFIN, GOTU Q1 2024 13 $430.6M ZTO, TAL, TSM, QFIN, GOTU