Q4 2025 · 13F-HR
Tiger Pacific Capital LPholdings as filed
Filed 2026-02-17 · accession 0001664492-26-000004
$373.8M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Tiger Pacific Capital LP · Q4 2025
AI · grounded in 13F
Tiger Pacific Capital LP established a new position in MMYT valued at $40.9M. The fund also opened new stakes in GDS for $20.9M and CPNG for $18.8M. On the sell side, the fund closed its positions in NTES, PDD, and LU, reducing those holdings by $29M, $24.8M, and $22.2M respectively. Additionally, the fund increased its share counts in TSM by 191.3% and SE by 80.6%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81141R100 | SE | SEA LTD | $105.7M | 28.3% | 828,410 | Common | SOLE |
| 874080104 | TAL | TAL EDUCATION GROUP | $87.0M | 23.3% | 7,977,772 | Common | SOLE |
| V5633W109 | MMYT | MAKEMYTRIP LIMITED MAURITIUS | $40.9M | 10.9% | 497,923 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $28.0M | 7.50% | 92,200 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $23.6M | 6.31% | 428,532 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $20.9M | 5.59% | 599,097 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $19.0M | 5.10% | 294,141 | Common | SOLE |
| 65487X102 | NOAH | NOAH HLDGS LTD | $18.9M | 5.05% | 1,880,865 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $18.8M | 5.03% | 797,169 | Common | SOLE |
| 00138L108 | RERE | ATRENEW INC | $11.0M | 2.93% | 2,069,435 | 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.