12 West Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, 12 West Capital Management LP maintained a portfolio of 20 distinct positions. The most significant new addition to the portfolio was HAWAIIAN ELEC INDUST, which now represents 2.71% of the total fund value. They heavily accumulated shares in SHAKE SHACK INC, increasing their position by 12.0%. Conversely, 12 West Capital Management LP completely exited their position in SMITH DOUGLAS HOMES .
PCA Score Concentration Risk
Risk ENB
Total Positions
20
Quarter
2025 Q4
Top Holding
SHAK (19.0%)
Top 10 Concentration
86.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-20 of 20
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SHAK
SHAKE SHACK INC
Consumer Cyclical 18.98% 17.03% #1 1
Prev: #2
8.0 210,000 12.0%
P
S
1,963,595 $159,385,006 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GDS
GDS HLDGS LTD
Technology 17.80% 18.15% #2 1
Prev: #1
6.0 -238,200 -5.3%
P
S
4,283,776 $149,503,782 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RBLX
ROBLOX CORP
Communication Services 10.13% 15.30% #3
Prev: #3
5.5 -15,000 -1.4%
P
S
1,050,000 $85,081,500 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TBBB
BBB FOODS INC
Consumer Defensive 9.40% 9.46% #4
Prev: #4
4.3 -1,020,000 -30.2%
P
S
2,362,770 $78,892,890 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TOST
TOAST INC
Technology 7.81% 6.75% #5
Prev: #5
4.1 65,000 3.6%
P
S
1,847,840 $65,616,798 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KVYO
KLAVIYO INC
Technology 7.11% 5.28% #6
Prev: #6
3.8 no change no change
P
S
1,838,000 $59,679,860 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RGEN
REPLIGEN CORP
Healthcare 4.71% 3.34% #7 4
Prev: #11
2.9 no change no change
P
S
241,233 $39,528,439 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NET
CLOUDFLARE INC
Technology 3.87% 3.67% #8 1
Prev: #9
2.5 no change no change
P
S
165,000 $32,529,750 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVI
MARAVAI LIFESCI...
Healthcare 3.45% 3.73% #9 1
Prev: #8
1.4 -3,600,000 -28.8%
P
S
8,921,335 $28,994,339 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KRUS
KURA SUSHI USA ...
Consumer Cyclical 3.37% 3.43% #10
Prev: #10
1.8 -15,000 -2.7%
P
S
541,415 $28,332,247 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AFRM
AFFIRM HLDGS IN...
Financial Services 3.10% 2.65% #11 2
Prev: #13
2.2 no change no change
P
S
350,000 $26,050,500 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HE
HAWAIIAN ELEC I...
Utilities 2.71% #12
Prev: #—
4.6 1,850,000 no change
NEW
1,850,000 $22,755,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WING
WINGSTOP INC
Consumer Cyclical 2.24% 2.98% #13 1
Prev: #12
0.9 -35,000 -30.7%
P
S
79,000 $18,840,710 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BBNX
BETA BIONICS IN...
Healthcare 2.09% #14
Prev: #—
4.3 575,000 no change
NEW
575,000 $17,520,250 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FWRG
FIRST WATCH RES...
Consumer Cyclical 1.92% 2.42% #15 1
Prev: #14
0.8 -420,000 -28.2%
P
S
1,070,701 $16,146,171 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 0.70% #16
Prev: #—
3.8 250,000 no change
NEW
250,000 $5,897,500 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 0.37% 0.46% #17 1
Prev: #16
0.1 -90,000 -32.7%
P
S
185,000 $3,096,900 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
OSCR
OSCAR HEALTH IN...
Healthcare 0.22% 0.37% #18 1
Prev: #17
0.1 -60,000 -32.1%
P
S
126,855 $1,822,906 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SDHC
SMITH DOUGLAS H...
Real Estate 0.00% 0.98%
Sold All 😨
(Was: #15)
0.0 -535,140 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
Technology 0.00% 4.01%
Sold All 😨
(Was: #7)
0.0 -965,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-20 of 20 holdings

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