Q4 2025 · 13F-HR
12 West Capital Management LPholdings as filed
Filed 2026-02-17 · accession 0001540531-26-000002
$839.7M
Reported value
18
Positions
2025-12-31
Period end
The Brief · 12 West Capital Management LP · Q4 2025
AI · grounded in 13F
12 West Capital Management LP established a new position in SHAK valued at $159.4M. The fund also initiated new stakes in GDS for $149.5M and RBLX for $85.1M. Additional new positions include TBBB at $78.9M, TOST at $65.6M, and KVYO at $59.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 819047101 | SHAK | SHAKE SHACK INC | $159.4M | 19.0% | 1,963,595 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $149.5M | 17.8% | 4,283,776 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $85.1M | 10.1% | 1,050,000 | Common | SOLE |
| G0896C103 | TBBB | BBB FOODS INC | $78.9M | 9.40% | 2,362,770 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $65.6M | 7.81% | 1,847,840 | Common | SOLE |
| 49845K101 | KVYO | KLAVIYO INC | $59.7M | 7.11% | 1,838,000 | Common | SOLE |
| 759916109 | RGEN | REPLIGEN CORP | $39.5M | 4.71% | 241,233 | Common | SOLE |
| 18915M107 | NET | CLOUDFLARE INC | $32.5M | 3.87% | 165,000 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $29.0M | 3.45% | 8,921,335 | Common | SOLE |
| 501270102 | KRUS | KURA SUSHI USA INC | $28.3M | 3.37% | 541,415 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $26.1M | 3.10% | 350,000 | Common | SOLE |
| 419870100 | HE | HAWAIIAN ELEC INDUSTRIES | $22.8M | 2.71% | 1,850,000 | Common | SOLE |
| 974155103 | WING | WINGSTOP INC | $18.8M | 2.24% | 79,000 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $17.5M | 2.09% | 575,000 | Common | SOLE |
| 33748L101 | FWRG | FIRST WATCH RESTAURANT GROUP | $16.1M | 1.92% | 1,070,701 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $5.9M | 0.70% | 250,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $3.1M | 0.37% | 185,000 | Common | SOLE |
| 687793109 | OSCR | OSCAR HEALTH INC | $1.8M | 0.22% | 126,855 | 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.