DOSSIER · 13F-HR · Q2 2026

Primavera Capital Management Ltd

$565M in tracked AUM across 5 positions as of Q2 2026.

PC
CIK 0001686305 · last filed Jun 30, 2026
Total AUM
$565M
as of Q2 2026
Holdings
5
positions
Whale Score
75
75
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Primavera Capital Management Ltd’s 13F filing for the period ending September 30, 2025, reveals a highly concentrated portfolio with a total value of approximately $594.01 million. This represents a decrease of 4.5% from the previous quarter's value of $622.23 million. The portfolio is exceptionally narrow in scope, containing only two holdings. This lack of diversification suggests a high-conviction strategy where the firm allocates capital exclusively to its best ideas ...

Key Holdings

The portfolio is dominated by two major positions within the Consumer Cyclical sector, both focused on the Chinese market.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
YUMC
YUM CHINA HLDGS INC.
$492M12.0M87.0%
02
XPEV
XPENG INC.
$44M3.3M7.7%
03
DSC
DSC HOLDINGS LTD
$21M3.8M3.7%
04
STG
SUNLANDS TECHNOLOGY GROUP
$6M1.7M1.1%
05
9C0A
CANGO INC.
$2M10.3M0.4%

Filing history

2026Q2Jun 30
$565M 12.8%
5 positionsView →
2026Q1Mar 31
$648M 1.4%
3 positionsView →
2025Q4Dec 31
$657M 10.6%
3 positionsView →
2025Q3Sep 30
$594M 4.5%
2 positionsView →
2025Q2Jun 30
$622M 10.5%
3 positionsLocked
2025Q1Mar 31
$695M 8.4%
2 positionsLocked
2024Q4Dec 31
$642M 8.5%
3 positionsLocked
2024Q3Sep 30
$591M 14.2%
3 positionsLocked
2024Q2Jun 30
$518M 15.9%
4 positionsLocked
2024Q1Mar 31
$615M 4.0%
4 positionsLocked
2023Q4Dec 31
$641M 20.8%
4 positionsLocked
2023Q3Sep 30
$809M 8.9%
4 positionsLocked
Showing 12 of 37