Primavera Capital Management
GRAND CAYMAN, E9files as Primavera Capital Management Ltd
$565m in 5 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 4.8% of the portfolio this quarter.
Value
$565m
Stocks
5
Top 10 share
100.0%
Turnover
4.8%
What changed this quarter
New
Bought for the first time this quarter.
- DSC HoldingsDSC3.7% of the fund
- Sunlands Technology GroupSTG1.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- XpengXPEV
- Share
- 7.7%
- Value
- $44m
- Shares
- 3,306,567
Held
- DSC HoldingsDSC
- Share
- 3.7%
- Value
- $21m
- Shares
- 3,770,332
New
- Sunlands Technology GroupSTG
- Share
- 1.1%
- Value
- $6m
- Shares
- 1,652,778
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Yum China HoldingsYUMC | 87.0% | $492m | 12,035,635 | Held |
| XpengXPEV | 7.7% | $44m | 3,306,567 | Held |
| DSC HoldingsDSC | 3.7% | $21m | 3,770,332 | New |
| Sunlands Technology GroupSTG | 1.1% | $6m | 1,652,778 | New |
| CangoCANG | 0.4% | $2m | 10,308,662 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 9.2% since 30 June 2025.
Where the money is
Retail & consumer87.0%
Financial services0.4%
Other12.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.