Tiger Pacific Capital LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Tiger Pacific Capital LP reported 8 stock positions worth $301.3 million. Its top holding was Tal Education Group- ADR (TAL) at 31.3% of the portfolio, followed by Sea Ltd.-ADR (SE, 25.6%) and New Oriental Educatio-SP ADR (EDU, 12.6%). Compared with Q1 2025, it opened 1 new position, sold out of 3, added to 3 and reduced 2. The biggest buy was a new position in New Oriental Educatio-SP ADR (EDU) and the biggest sale Qfin Holdings Inc.-ADR (QFIN, shares −66%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001664492
Portfolio Value
$301.3M (Q2 2025)
SEC Filing
0001085146-25-005129 ↗ filed Aug 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $430.6M Q1 2024 Q2 2024: $346.9M Q2 2024 Q3 2024: $490.5M Q3 2024 Q4 2024: $374.0M Q4 2024 Q1 2025: $277.6M Q1 2025 Q2 2025: $301.3M $301.3M Q2 2025 Q3 2025: $395.4M Q3 2025 Q4 2025: $373.8M Q4 2025 Q1 2026: $214.4M Q1 2026 Q2 2026: $215.4M Q2 2026

Holdings 8 stocks · $301.3M
TAL Tal Education Group- ADR 31.32% 9,233,398 $94.4M Add +6.2%
SE Sea Ltd.-ADR 25.63% 482,805 $77.2M Add +72.0%
EDU New Oriental Educatio-SP ADR 12.63% 705,393 $38.1M New
AS Amer Sports Inc. 10.13% 787,495 $30.5M Add +153.1%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 7.45% 1,880,865 $22.5M No change
LU Lufax Holding Ltd.-ADR 6.00% 6,476,524 $18.1M Reduce -4.2%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 4.55% 316,359 $13.7M Reduce -66.5%
RERE Atrenew Inc. 2.27% 2,069,435 $6.8M No change

Portfolio Sells Q1 2025 → Q2 2025
QFIN Qfin Holdings Inc.-ADR Reduce -66.5% 4.55% −10.71
JOYY Joyy Inc.-ADR Sold out 0.00% −8.35
MOMO Hello Group Inc. -SPN ADR Sold out 0.00% −2.26
LU Lufax Holding Ltd.-ADR Reduce -4.2% 6.00% −1.23
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.77

Portfolio Buys Q1 2025 → Q2 2025
EDU New Oriental Educatio-SP ADR New 12.63% +12.63
SE Sea Ltd.-ADR Add +72.0% 25.63% +12.44
AS Amer Sports Inc. Add +153.1% 10.13% +7.14
TAL Tal Education Group- ADR Add +6.2% 31.32% −10.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$215.4MTAL, CPNG, VNET, NOAH, QFIN
Q1 2026 9$214.4MTAL, CPNG, PDD, NOAH, QFIN
Q4 2025 10$373.8MSE, TAL, MMYT, TSM, EDU
Q3 2025 14$395.4MTAL, SE, EDU, NTES, PDD
Q2 2025 8$301.3MTAL, SE, EDU, AS, NOAH
Q1 2025 10$277.6MTAL, QFIN, SE, JOYY, LU
Q4 2024 14$374.0MTAL, TSM, QFIN, JOYY, NOAH
Q3 2024 15$490.5MTAL, ZTO, TSM, PDD, QFIN
Q2 2024 12$346.9MTAL, TSM, ZTO, QFIN, GOTU
Q1 2024 13$430.6MZTO, TAL, TSM, QFIN, GOTU