Primavera Capital Management Ltd — Q2 2025 13F-HR

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Q2 2025 · 13F-HR

Primavera Capital Management Ltdholdings as filed

Filed 2025-08-11 · accession 0000945621-25-000715

$622.2M

Reported value

Positions

2025-06-30

Period end

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The Brief · Primavera Capital Management Ltd · Q2 2025

AI · grounded in 13F

Primavera Capital Management Ltd established a new position in YUMC valued at $538.1M. The fund also added new holdings in XPEV for $59.1M and 9C0A for $25M. These three positions comprise the fund's total AUM of $622.2M.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
98850P109	YUMC	YUM CHINA HLDGS INC.	$538.1M	86.5%	12,035,635	Common	SOLE
98422D105	XPEV	XPENG INC.	$59.1M	9.50%	3,306,567	Common	SOLE
137586103	9C0A	CANGO INC.	$25.0M	4.02%	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.