Tiger Pacific Capital LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Tiger Pacific Capital LP reported 13 stock positions worth $430.6 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 24.1% of the portfolio, followed by Tal Education Group- ADR (TAL, 21.8%) and Taiwan Semiconductor-SP ADR (TSM, 15.0%). Compared with Q4 2023, it opened 1 new position, sold out of 3, added to 3 and reduced 6. The biggest buy was Gaotu Techedu (GOTU, shares +72%) and the biggest sale Kanzhun Ltd. - ADR (BZ, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001664492
- Portfolio Value
- $430.6M (Q1 2024)
- SEC Filing
- 0001085146-24-002497 ↗ filed May 15, 2024
Holdings Value
Holdings 13 stocks · $430.6M
| ZTO Zto Express Cayman Inc.-ADR | 24.12% | 4,959,885 | $103.9M | Reduce -2.6% |
| TAL Tal Education Group- ADR | 21.75% | 8,252,700 | $93.7M | Reduce -15.9% |
| TSM Taiwan Semiconductor-SP ADR | 15.01% | 474,944 | $64.6M | Add +1.1% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 9.75% | 2,277,404 | $42.0M | Reduce -20.7% |
| GOTU Gaotu Techedu Inc. | 7.70% | 5,059,072 | $33.1M | Add +71.7% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 4.99% | 1,880,865 | $21.5M | No change |
| EDU New Oriental Educatio-SP ADR | 3.84% | 190,689 | $16.6M | Add +57.1% |
| AS Amer Sports Inc. | 3.80% | 1,003,800 | $16.4M | New |
| CPNG Coupang Inc. | 2.71% | 656,316 | $11.7M | No change |
| RLX RLX Technology Inc.-ADR | 2.44% | 5,466,231 | $10.5M | Reduce -32.7% |
| BZ Kanzhun Ltd. - ADR | 1.66% | 408,857 | $7.2M | Reduce -83.7% |
| PDD PDD Holdings Inc. | 1.38% | 51,200 | $6.0M | Reduce -37.2% |
| RERE Atrenew Inc. | 0.85% | 2,069,435 | $3.6M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| BZ Kanzhun Ltd. - ADR | Reduce -83.7% | 1.66% | −7.19 |
| TAL Tal Education Group- ADR | Reduce -15.9% | 21.75% | −4.64 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −2.43 |
| PDD PDD Holdings Inc. | Reduce -37.2% | 1.38% | −1.16 |
| RLX RLX Technology Inc.-ADR | Reduce -32.7% | 2.44% | −1.02 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Sold out | 0.00% | −0.23 |
| SMFG Sumitomo Mitsui-Spons ADR | Sold out | 0.00% | −0.14 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -20.7% | 9.75% | +0.08 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -2.6% | 24.12% | +1.05 |
Portfolio Buys Q4 2023 → Q1 2024
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 |