Q2 2026 13F · SEC CIK 1686305
Primavera Capital Management Ltd
Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $565.1M
- Reported positions
- 5
- Holdings vs S&P 500, 3 yrs
- —
- Average holding period
- 3.0 yrs
Primavera Capital Management Ltd is a hedge fund that reported 5 positions worth $565.1M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Yum China Hldgs Inc (YUMC, 87.0%), Xpeng Inc (XPEV, 7.7%), Dsc Holdings Ltd (DSC, 3.7%).
Primavera Capital Management Ltd holdings all 5 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2022. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| YUMCYum China Hldgs Inc | 87.0% | -26.5% | $491.9M |
| XPEVXpeng Inc | 7.7% | -66.7% | $43.8M |
| DSCDsc Holdings Ltd | 3.7% | — | $20.8M |
| STGSunlands Technology Group | 1.1% | — | $6.5M |
| CANGCango Inc. | 0.4% | +100.0% | $2.1M |
What Primavera Capital Management Ltd bought and sold in Q2 2026, against Q1 2022.
New positions
- DSC Dsc Holdings Ltd3.7% of 13F
- STG Sunlands Technology Group1.1% of 13F
Added to
- CANG Cango Inc.+100.0% shares
Reduced
- XPEV Xpeng Inc-66.7% shares
- YUMC Yum China Hldgs Inc-26.5% shares
Sold out
- PLTR Palantir Technologies Incwas 11.1%
- XNET Xunlei Ltd ADRwas 0.2%
Share counts compared with the Q1 2022 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- —
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $565.1M | 5 |
| Q1 2022 | $1.1B | 5 |
| Q4 2021 | $1.5B | 5 |
| Q3 2021 | $1.8B | 5 |
| Q2 2021 | $2.1B | 5 |
| Q1 2021 | $1.9B | 5 |
| Q1 2020 | $1.6B | 6 |
| Q4 2019 | $1.9B | 6 |
| Q3 2019 | $2.1B | 6 |
| Q2 2019 | $2.1B | 6 |
| Q1 2019 | $2.1B | 6 |
| Q4 2018 | $1.6B | 6 |
Questions about Primavera Capital Management Ltd's portfolio
What stocks does Primavera Capital Management Ltd own?
Primavera Capital Management Ltd's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 5 positions worth $565.1M. The largest are Yum China Hldgs Inc (YUMC) at 87.0%, Xpeng Inc (XPEV) at 7.7%, Dsc Holdings Ltd (DSC) at 3.7%, Sunlands Technology Group (STG) at 1.1% and Cango Inc. (CANG) at 0.4%.
What did Primavera Capital Management Ltd buy last quarter?
In Q2 2026, Primavera Capital Management Ltd added a new position in Dsc Holdings Ltd (DSC), a new position in Sunlands Technology Group (STG) and Cango Inc. (CANG) (+100.0% shares), compared with its Q1 2022 filing.
What did Primavera Capital Management Ltd sell last quarter?
In Q2 2026, Primavera Capital Management Ltd sold all of Palantir Technologies Inc (PLTR), sold all of Xunlei Ltd ADR (XNET), Xpeng Inc (XPEV) (-66.7% shares) and Yum China Hldgs Inc (YUMC) (-26.5% shares), compared with its Q1 2022 filing.
When is Primavera Capital Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Primavera Capital Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.