Institutional
12 West Capital Management LP
CIK 0001540531
$592.4M
Reported AUM
20
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · 12 West Capital Management LP · Q1 2026
AI · grounded in 13F
12 West Capital Management LP closed its position in KVYO, reducing exposure by $59.68M. The fund also exited WING with a $18.84M sale and trimmed holdings in GDS by 39.85% and SHAK by 36.67%. To offset these exits, the fund established new positions in WRBY for $27.49M and HTFL for $15.57M.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | SHAK | SHAKE SHACK INC | $110.0M | 18.57% | -720,000 | -36.7% |
| 2 | GDS | GDS HLDGS LTD | $103.8M | 17.52% | -1,707,200 | -39.9% |
| 3 | TBBB | BBB FOODS INC | $80.9M | 13.66% | -75,000 | -3.2% |
| 4 | RBLX | ROBLOX CORP | $53.7M | 9.07% | -100,000 | -9.5% |
| 5 | TOST | TOAST INC | $33.1M | 5.58% | -600,000 | -32.5% |
| 6 | KRUS | KURA SUSHI USA INC | $31.2M | 5.26% | -95,000 | -17.5% |
| 7 | WRBY | WARBY PARKER INC | $27.5M | 4.64% | +1,304,727 | NEW |
| 8 | HE | HAWAIIAN ELEC INDS INC MTN B | $26.7M | 4.51% | -50,000 | -2.7% |
| 9 | AFRM | AFFIRM HLDGS INC | $24.5M | 4.14% | +185,000 | +52.9% |
| 10 | RGEN | REPLIGEN CORP | $22.5M | 3.80% | -50,000 | -20.7% |
| 11 | NET | CLOUDFLARE INC | $21.7M | 3.66% | -60,000 | -36.4% |
| 12 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $20.5M | 3.47% | -1,661,140 | -18.6% |
| 13 | HTFL | HEARTFLOW INC | $15.6M | 2.63% | +640,000 | NEW |
| 14 | SHOP | SHOPIFY INC | $6.2M | 1.04% | +52,000 | NEW |
| 15 | OFRM | ONCE UPON A FARM PBC | $6.0M | 1.01% | +365,000 | NEW |
| 16 | ELF | E L F BEAUTY INC | $4.2M | 0.72% | +70,000 | NEW |
| 17 | NU | NU HLDGS LTD | $2.7M | 0.45% | — | HELD |
| 18 | AEHR | AEHR TEST SYS | $816K | 0.14% | +22,000 | NEW |
| 19 | CRWV | COREWEAVE INC | $542K | 0.09% | +7,000 | NEW |
| 20 | ACMR | ACM RESH INC | $240K | 0.04% | +6,100 | NEW |
| 21 | KVYO | KLAVIYO INC | — | — | -1,838,000 | EXITED |
| 22 | WING | WINGSTOP INC | — | — | -79,000 | EXITED |
| 23 | BBNX | BETA BIONICS INC | — | — | -575,000 | EXITED |
| 24 | FWRG | FIRST WATCH RESTAURANT GROUP | — | — | -1,070,701 | EXITED |
| 25 | CPNG | COUPANG INC | — | — | -250,000 | EXITED |
| 26 | OSCR | OSCAR HEALTH INC | — | — | -126,855 | EXITED |
Source: SEC EDGAR · accession 0001540531-26-000003. 13F discloses long positions only — shorts, foreign equities, and options are excluded.