# Primavera Capital Management Ltd: Form 13F holdings

An institutional investment manager in GRAND CAYMAN. SEC CIK 1686305.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $565.1m
- Positions: 5 (5 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1686305/000094562126001040/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [YUM CHINA HLDGS INC. (YUMC)](/companies/yumc.md) | COM | $491.9m | 87.0% | 12,035,635 |  | Unchanged |
| [XPENG INC. (XPEV)](/companies/xpev.md) | ADS | $43.8m | 7.7% | 3,306,567 |  | Unchanged |
| [DSC HOLDINGS LTD (DSC)](/companies/dsc.md) | SPON ADS | $20.8m | 3.7% | 3,770,332 |  | New +3,770,332 |
| [SUNLANDS TECHNOLOGY GROUP (STG)](/companies/stg.md) | SPONSRD ADS NEW | $6.5m | 1.1% | 1,652,778 |  | New +1,652,778 |
| CANGO INC. | ADS | $2.1m | 0.4% | 10,308,662 |  | Unchanged |

Source: SEC EDGAR, Form 13F-HR, accession 0000945621-26-001040. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.