Primavera Capital Management Ltd — Q1 2025 13F-HR

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Q1 2025 · 13F-HR

Primavera Capital Management Ltdholdings as filed

Filed 2025-05-13 · accession 0000945621-25-000462

$714.6M

Reported value

Positions

2025-03-31

Period end

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Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
98850P109	YUMC	YUM CHINA HLDGS INC.	$626.6M	87.7%	12,035,635	Common	SOLE
98422D105	XPEV	XPENG INC.	$68.5M	9.59%	3,306,567	Common	SOLE
137586103	9C0A	CANGO INC.	$19.5M	2.73%	5,154,331	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.