Vault-13

Primavera Capital Management Ltd

GRAND CAYMAN, E9 · CIK 1686305 · 13F filing filed 2026-08-13

Exempt reporting adviser since 2012 · corporation

As an employer

$565.1m reported value -12.8% vs Q1 2026
5positions
100.0%in top 10
2 new 0 added 0 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 YUM CHINA HLDGS INC COM YUMC YUMC 12,035,635 $491.9m87.05% 87.05% UnchangedShares held: Q3 2025 12.0m, Q4 2025 12.0m, Q1 2026 12.0m, Q2 2026 12.0m
2 XPENG INC ADS XPEV XPEV 3,306,567 $43.8m7.75% 7.75% UnchangedShares held: Q3 2025 3.3m, Q4 2025 3.3m, Q1 2026 3.3m, Q2 2026 3.3m
3 DSC HOLDINGS LTD SPON ADS DSC DSC 3,770,332 $20.8m3.68% 3.68% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 3.8m
4 SUNLANDS TECHNOLOGY GROUP SPONSRD ADS NEW STG STG 1,652,778 $6.5m1.15% 1.15% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.7m
5 CANGO INC ADS CANG CANG 10,308,662 $2.1m0.37% 0.37% UnchangedShares held: Q3 2025 5.2m, Q4 2025 10.3m, Q1 2026 10.3m, Q2 2026 10.3m