Primavera Capital Management Ltd: YUM CHINA HO (YUMC): Quarterly 13F Position History
As of Q1 2026, Primavera Capital Management Ltd reported 12,035,635 shares of YUM CHINA HO (YUMC), worth $587.1M and representing 90.6% of its 13F equity book. The position first appeared in Q4 2016 and has been disclosed across 38 13F-HR filings in Pactolio's tracked window.
- 12,035,635Shares Held (Latest Filing)
- $587.1MReported Market Value (Latest Filing)
- 90.6%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- +$12.5MQuarter-over-Quarter Value Change
- 31,743,031Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 38 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 12,035,635 | 0 | — | $587.1M | 90.6% | $48.8 |
| Q4 2025 | 12,035,635 | 0 | — | $574.6M | 87.4% | $47.7 |
| Q3 2025 | 12,035,635 | 0 | — | $516.6M | 83.9% | $42.9 |
| Q2 2025 | 12,035,635 | 0 | — | $538.1M | 86.5% | $44.7 |
| Q1 2025 | 12,035,635 | 0 | — | $626.6M | 87.7% | $52.1 |
| Q4 2024 | 12,035,635 | 0 | — | $579.8M | 90.4% | $48.2 |
| Q3 2024 | 12,035,635 | 0 | — | $541.8M | 91.6% | $45.0 |
| Q2 2024 | 12,035,635 | 0 | — | $371.2M | 71.7% | $30.8 |
| Q1 2024 | 12,035,635 | 0 | — | $478.9M | 77.8% | $39.8 |
| Q4 2023 | 12,035,635 | 0 | — | $510.7M | 79.7% | $42.4 |
| Q3 2023 | 12,035,635 | 0 | — | $670.6M | 82.9% | $55.7 |
| Q2 2023 | 12,035,635 | 1,136,016 | -8.6% | $680.0M | 76.6% | $56.5 |
| Q1 2023 | 13,171,651 | 0 | — | $835.0M | 81.4% | $63.4 |
| Q4 2022 | 13,171,651 | 3,193,127 | -19.5% | $719.8M | 81.7% | $54.6 |
| Q3 2022 | 16,364,778 | 0 | — | $774.5M | 79.3% | $47.3 |
| Q2 2022 | 16,364,778 | 0 | — | $793.7M | 66.1% | $48.5 |
| Q1 2022 | 16,364,778 | 0 | — | $679.8M | 62.4% | $41.5 |
| Q4 2021 | 16,364,778 | 0 | — | $815.6M | 54.6% | $49.8 |
| Q3 2021 | 16,364,778 | 0 | — | $951.0M | 53.9% | $58.1 |
| Q2 2021 | 16,364,778 | 0 | — | $1.1B | 52.3% | $66.3 |
| Q1 2021 | 16,364,778 | 0 | — | $969.0M | 52.0% | $59.2 |
| Q4 2020 | 16,364,778 | 7,511,967 | -31.5% | $934.3M | 95.1% | $57.1 |
| Q3 2020 | 23,876,745 | 0 | — | $1.3B | 95.4% | $53.0 |
| Q2 2020 | 23,876,745 | 0 | — | $1.1B | 92.5% | $48.1 |
| Q1 2020 | 23,876,745 | +19,930 | +0.1% | $1.0B | 62.2% | $42.6 |
| Q4 2019 | 23,856,815 | 7,451,622 | -23.8% | $1.1B | 61.3% | $48.0 |
| Q3 2019 | 31,308,437 | +41,530 | +0.1% | $1.4B | 68.7% | $45.4 |
| Q2 2019 | 31,266,907 | +46,208 | +0.1% | $1.4B | 68.6% | $46.2 |
| Q1 2019 | 31,220,699 | +42,730 | +0.1% | $1.4B | 65.3% | $44.9 |
| Q4 2018 | 31,177,969 | +50,285 | +0.2% | $1.0B | 63.4% | $33.5 |
| Q3 2018 | 31,127,684 | +37,632 | +0.1% | $1.1B | 58.6% | $35.1 |
| Q2 2018 | 31,090,052 | +37,364 | +0.1% | $1.2B | 59.9% | $38.5 |
| Q1 2018 | 31,052,688 | +69,796 | +0.2% | $1.3B | 62.3% | $41.5 |
| Q4 2017 | 30,982,892 | 0 | — | $1.2B | 55.1% | $40.0 |
| Q3 2017 | 30,982,892 | 0 | — | $1.2B | 55.6% | $40.0 |
| Q2 2017 | 30,982,892 | 0 | — | $1.2B | 52.9% | $39.4 |
| Q1 2017 | 30,982,892 | 760,139 | -2.4% | $842.7M | 47.8% | $27.2 |
| Q4 2016 | 31,743,031 | — | — | $829.1M | 52.5% | $26.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Primavera Capital Management Ltd first disclose a YUMC position in 13F-HR filings?
Primavera Capital Management Ltd first reported YUM CHINA HO (YUMC) on its 13F-HR filing for the period ending 2016-12-31 (Q4 2016). The position has appeared on 38 reported quarters within Pactolio's tracked window.
What was Primavera Capital Management Ltd's most recent quarter-over-quarter share-count change in YUMC?
Primavera Capital Management Ltd held the same 12,035,635 shares of YUMC between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent Primavera Capital Management Ltd's cost basis in YUMC?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.