PC
Primavera Capital Management Ltd
Concentrated strategySector-focusedQuality / disciplined sizing
Total reported value
$647.9M
Reporting period: 2026-03-31 · Number of holdings: 3
Primavera Capital Management Ltd disclosed 3 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $647.9M and a quarterly turnover rate of 5.2%.
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 5.25
- Momentum/Contrarian
- 50
- Sector conviction
- 100
- Diversification
- 6
- Sizing Uniformity
- 85.07
Recent moves
Add YUMC
0.0% $12.5M
Trim 9C0A
0.0% -$11.2M
Trim XPEV
0.0% -$10.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | YUMC | Yum China Holdings INC | Stock-Consumer Disc | 90.61% | +3.17% | — | |
| 2 | XPEV | Xpeng INC - Adr | Stock-Other | 8.73% | -1.47% | — | |
| 3 | 9C0A | Cango Inc/ky - Adr | Stock-Other | 0.65% | -1.70% | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 3 | $647.9M | 5 | |
| 2025-12-31 | 3 | $657.1M | 12 | |
| 2025-09-30 | 3 | $615.9M | 20 | |
| 2025-06-30 | 3 | $622.2M | 0 | |
| 2025-03-31 | 3 | $714.6M | 100 | |
| 2024-12-31 | 3 | $641.5M | 0 | |
| 2024-09-30 | 3 | $591.3M | 0 | |
| 2024-06-30 | 4 | $517.6M | 0 | |
| 2024-03-31 | 4 | $615.3M | 0 | |
| 2023-12-31 | 4 | $641.1M | 0 | |
| 2023-09-30 | 4 | $809.2M | 0 | |
| 2023-06-30 | 4 | $887.9M | 0 | |
| 2023-03-31 | 4 | $1.0B | 0 | |
| 2022-12-31 | 4 | $881.6M | 0 | |
| 2022-09-30 | 4 | $976.4M | 0 | |
| 2022-06-30 | 4 | $1.2B | 0 | |
| 2022-03-31 | 5 | $1.1B | 0 | |
| 2021-12-31 | 5 | $1.5B | 0 | |
| 2021-09-30 | 5 | $1.8B | 0 | |
| 2021-06-30 | 5 | $2.1B | 95 | |
| 2021-03-31 | 5 | $1.9B | 62 | |
| 2020-12-31 | 4 | $982.3M | 31 | |
| 2020-09-30 | 4 | $1.3B | 15 | |
| 2020-06-30 | 4 | $1.2B | 50 | |
| 2020-03-31 | 6 | $1.6B | 13 | |
| 2019-12-31 | 6 | $1.9B | 19 | |
| 2019-09-30 | 6 | $2.1B | 3 | |
| 2019-06-30 | 6 | $2.1B | 6 | |
| 2019-03-31 | 6 | $2.1B | 28 | |
| 2018-12-31 | 6 | $1.6B | 12 | |
| 2018-09-30 | 6 | $1.9B | 18 | |
| 2018-06-30 | 4 | $2.0B | 6 | |
| 2018-03-31 | 4 | $2.1B | 29 | |
| 2017-12-31 | 3 | $2.2B | 1 | |
| 2017-09-30 | 2 | $2.2B | 5 | |
| 2017-06-30 | 2 | $2.3B | 27 | |
| 2017-03-31 | 2 | $1.8B | 11 | |
| 2016-12-31 | 2 | $1.6B | 79 | |
| 2016-09-30 | 1 | $902.4M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | YUMC | Yum China Holdings INC | +3.2% | — | Unchanged |
| 2 | XPEV | Xpeng INC - Adr | -1.5% | — | Unchanged |
| 3 | 9C0A | Cango Inc/ky - Adr | -1.7% | — | Unchanged |
FAQ
What is Primavera Capital Management Ltd and what type of investor is it?
Primavera Capital Management Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $647.9M, spread across 3 disclosed positions.
What are Primavera Capital Management Ltd's largest equity positions?
Based on the latest 13F filing, Primavera Capital Management Ltd's top holdings by market value are:
1. Yum China Holdings INC (YUMC) — $587.1M (90.6%)
2. Xpeng INC - Adr (XPEV) — $56.6M (8.7%)
3. Cango Inc/ky - Adr (9C0A) — $4.2M (0.7%)
What changes did Primavera Capital Management Ltd make in its most recent portfolio filing?
No notable portfolio changes were recorded for Primavera Capital Management Ltd in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Primavera Capital Management Ltd focus on?
Primavera Capital Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 100.0%