Institutional Manager · CIK 0001540531
12 West Capital Management LP
NEW YORK, NY · File #028-15388
Latest AUM
$839.7M
Positions
18
Top-10 Concentration
86.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | UNITY SOFTWARE INC | 91332U101 | -965,000 | -$38.6M | $0 |
| REDUCE | BBB FOODS INC | TBBB | -1,020,000 | -$34.1M | +$21.8M |
| NEW | HAWAIIAN ELEC INDUSTRIES | 419870100 | +1,850,000 | +$22.8M | $0 |
| NEW | BETA BIONICS INC | BBNX | +575,000 | +$17.5M | $0 |
| ADD | SHAKE SHACK INC | SHAK | +210,000 | +$17.0M | -$21.8M |
| REDUCE | MARAVAI LIFESCIENCES HLDGS I | MARA | -3,600,000 | -$11.7M | +$4.8M |
| EXITED | SMITH DOUGLAS HOMES CORP | 83207R107 | -535,140 | -$9.5M | $0 |
| REDUCE | WINGSTOP INC | WING | -35,000 | -$8.3M | -$1.5M |
| REDUCE | GDS HLDGS LTD | GDHLF | -238,200 | -$8.3M | -$17.2M |
| REDUCE | FIRST WATCH RESTAURANT GROUP | FWRG | -420,000 | -$6.3M | -$834,793 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202518 pos · $839.7M
- 13F HOLDINGS REPORTQ/E Sep 202517 pos · $964.1M
- 13F HOLDINGS REPORTQ/E Jun 202517 pos · $945.5M
- 13F HOLDINGS REPORTQ/E Mar 202517 pos · $677.6M
- 13F HOLDINGS REPORTQ/E Dec 202416 pos · $954.6M
- 13F HOLDINGS REPORTQ/E Sep 202417 pos · $977.4M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $972.7M
- 13F HOLDINGS REPORTQ/E Mar 202425 pos · $39.5M
- 13F HOLDINGS REPORTQ/E Dec 202324 pos · $1.10B
Top 18 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SHAKE SHACK INC | SHAK | 1,963,595 | $159.4M | 18.98% |
| 2 | GDS HLDGS LTD | GDHLF | 4,283,776 | $149.5M | 17.80% |
| 3 | ROBLOX CORP | RBLX | 1,050,000 | $85.1M | 10.13% |
| 4 | BBB FOODS INC | TBBB | 2,362,770 | $78.9M | 9.40% |
| 5 | TOAST INC | TOST | 1,847,840 | $65.6M | 7.81% |
| 6 | KLAVIYO INC | KVYO | 1,838,000 | $59.7M | 7.11% |
| 7 | REPLIGEN CORP | RGEN | 241,233 | $39.5M | 4.71% |
| 8 | CLOUDFLARE INC | NET | 165,000 | $32.5M | 3.87% |
| 9 | MARAVAI LIFESCIENCES HLDGS I | MARA | 8,921,335 | $29.0M | 3.45% |
| 10 | KURA SUSHI USA INC | KRUS | 541,415 | $28.3M | 3.37% |
| 11 | AFFIRM HLDGS INC | AFRM | 350,000 | $26.1M | 3.10% |
| 12 | HAWAIIAN ELEC INDUSTRIES | 419870100 | 1,850,000 | $22.8M | 2.71% |
| 13 | WINGSTOP INC | WING | 79,000 | $18.8M | 2.24% |
| 14 | BETA BIONICS INC | BBNX | 575,000 | $17.5M | 2.09% |
| 15 | FIRST WATCH RESTAURANT GROUP | FWRG | 1,070,701 | $16.1M | 1.92% |
| 16 | COUPANG INC | CPNG | 250,000 | $5.9M | 0.70% |
| 17 | NU HLDGS LTD | NU | 185,000 | $3.1M | 0.37% |
| 18 | OSCAR HEALTH INC | OSCR | 126,855 | $1.8M | 0.22% |