Primavera Capital Management Ltd — YUM CHINA HLDGS INC YUMC: Quarterly 13F Position History
Primavera Capital Management Ltd has reported YUM CHINA HLDGS INC (YUMC) on 38 13F-HR filings in Pactolio's tracked window, first appearing in Q4 2016. As of Q1 2026, the position is sized at 12,035,635 shares ($587.1M market value, 90.61% of the equity book).
- 12,035,635Shares Held (Latest Filing)
- $587.1MReported Market Value (Latest Filing)
- 90.61%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 | 90.61% | $48.78 |
| Q4 2025 | 12,035,635 | 0 | — | $574.6M | 87.44% | $47.74 |
| Q3 2025 | 12,035,635 | 0 | — | $516.6M | 83.88% | $42.92 |
| Q2 2025 | 12,035,635 | 0 | — | $538.1M | 86.48% | $44.71 |
| Q1 2025 | 12,035,635 | 0 | — | $626.6M | 87.68% | $52.06 |
| Q4 2024 | 12,035,635 | 0 | — | $579.8M | 90.37% | $48.17 |
| Q3 2024 | 12,035,635 | 0 | — | $541.8M | 91.64% | $45.02 |
| Q2 2024 | 12,035,635 | 0 | — | $371.2M | 71.72% | $30.84 |
| Q1 2024 | 12,035,635 | 0 | — | $478.9M | 77.84% | $39.79 |
| Q4 2023 | 12,035,635 | 0 | — | $510.7M | 79.65% | $42.43 |
| Q3 2023 | 12,035,635 | 0 | — | $670.6M | 82.88% | $55.72 |
| Q2 2023 | 12,035,635 | 1,136,016 | -8.6% | $680.0M | 76.59% | $56.50 |
| Q1 2023 | 13,171,651 | 0 | — | $835.0M | 81.44% | $63.39 |
| Q4 2022 | 13,171,651 | 3,193,127 | -19.5% | $719.8M | 81.65% | $54.65 |
| Q3 2022 | 16,364,778 | 0 | — | $774.5M | 79.33% | $47.33 |
| Q2 2022 | 16,364,778 | 0 | — | $793.7M | 66.15% | $48.50 |
| Q1 2022 | 16,364,778 | 0 | — | $679.8M | 62.39% | $41.54 |
| Q4 2021 | 16,364,778 | 0 | — | $815.6M | 54.61% | $49.84 |
| Q3 2021 | 16,364,778 | 0 | — | $951.0M | 53.91% | $58.11 |
| Q2 2021 | 16,364,778 | 0 | — | $1.08B | 52.33% | $66.25 |
| Q1 2021 | 16,364,778 | 0 | — | $969.0M | 51.96% | $59.21 |
| Q4 2020 | 16,364,778 | 7,511,967 | -31.5% | $934.3M | 95.11% | $57.09 |
| Q3 2020 | 23,876,745 | 0 | — | $1.26B | 95.45% | $52.95 |
| Q2 2020 | 23,876,745 | 0 | — | $1.15B | 92.50% | $48.07 |
| Q1 2020 | 23,876,745 | +19,930 | +0.1% | $1.02B | 62.22% | $42.63 |
| Q4 2019 | 23,856,815 | 7,451,622 | -23.8% | $1.15B | 61.28% | $48.01 |
| Q3 2019 | 31,308,437 | +41,530 | +0.1% | $1.42B | 68.66% | $45.43 |
| Q2 2019 | 31,266,907 | +46,208 | +0.1% | $1.44B | 68.60% | $46.20 |
| Q1 2019 | 31,220,699 | +42,730 | +0.1% | $1.40B | 65.28% | $44.91 |
| Q4 2018 | 31,177,969 | +50,285 | +0.2% | $1.05B | 63.44% | $33.53 |
| Q3 2018 | 31,127,684 | +37,632 | +0.1% | $1.09B | 58.59% | $35.11 |
| Q2 2018 | 31,090,052 | +37,364 | +0.1% | $1.20B | 59.94% | $38.46 |
| Q1 2018 | 31,052,688 | +69,796 | +0.2% | $1.29B | 62.31% | $41.50 |
| Q4 2017 | 30,982,892 | 0 | — | $1.24B | 55.14% | $40.02 |
| Q3 2017 | 30,982,892 | 0 | — | $1.24B | 55.59% | $39.97 |
| Q2 2017 | 30,982,892 | 0 | — | $1.22B | 52.87% | $39.43 |
| Q1 2017 | 30,982,892 | 760,139 | -2.4% | $842.7M | 47.81% | $27.20 |
| Q4 2016 | 31,743,031 | — | — | $829.1M | 52.54% | $26.12 |
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 HLDGS INC (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.