Tiger Pacific Capital LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Tiger Pacific Capital LP reported 10 stock positions worth $277.6 million. Its top holding was Tal Education Group- ADR (TAL) at 41.4% of the portfolio, followed by Qfin Holdings Inc.-ADR (QFIN, 15.3%) and Sea Ltd.-ADR (SE, 13.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 7, added to 2 and reduced 3. The biggest buy was a new position in Sea Ltd.-ADR (SE) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001664492
- Portfolio Value
- $277.6M (Q1 2025)
- SEC Filing
- 0001085146-25-003182 ↗ filed May 15, 2025
Holdings Value
Holdings 10 stocks · $277.6M
| TAL Tal Education Group- ADR | 41.36% | 8,691,479 | $114.8M | Reduce -36.9% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 15.26% | 943,227 | $42.4M | Reduce -10.6% |
| SE Sea Ltd.-ADR | 13.19% | 280,654 | $36.6M | New |
| JOYY Joyy Inc.-ADR | 8.35% | 552,114 | $23.2M | Reduce -18.9% |
| LU Lufax Holding Ltd.-ADR | 7.23% | 6,757,978 | $20.1M | Add +71.7% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 6.40% | 1,880,865 | $17.8M | No change |
| AS Amer Sports Inc. | 3.00% | 311,110 | $8.3M | New |
| MOMO Hello Group Inc. -SPN ADR | 2.26% | 993,408 | $6.3M | New |
| RERE Atrenew Inc. | 2.19% | 2,069,435 | $6.1M | No change |
| MBLY Mobileye Global Inc. Class A | 0.77% | 147,821 | $2.1M | Add +9.8% |
Portfolio Sells Q4 2024 → Q1 2025
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −18.73 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −4.63 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −2.53 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −2.31 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Sold out | 0.00% | −2.20 |
| LEGN Legend Biotech Corp.-ADR | Sold out | 0.00% | −1.93 |
| KC Kingsoft Cloud Holdings-ADR | Sold out | 0.00% | −1.61 |
| JOYY Joyy Inc.-ADR | Reduce -18.9% | 8.35% | +0.73 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -10.6% | 15.26% | +4.44 |
| TAL Tal Education Group- ADR | Reduce -36.9% | 41.36% | +4.46 |
Portfolio Buys Q4 2024 → Q1 2025
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 |