Q1 2026 · 13F-HR
12 West Capital Management LPholdings as filed
Filed 2026-05-15 · accession 0001540531-26-000003
$592.4M
Reported value
20
Positions
2026-03-31
Period end
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.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 819047101 | SHAK | SHAKE SHACK INC | $110.0M | 18.6% | 1,243,595 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $103.8M | 17.5% | 2,576,576 | Common | SOLE |
| G0896C103 | TBBB | BBB FOODS INC | $80.9M | 13.7% | 2,287,770 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $53.7M | 9.07% | 950,000 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $33.1M | 5.58% | 1,247,840 | Common | SOLE |
| 501270102 | KRUS | KURA SUSHI USA INC | $31.2M | 5.26% | 446,415 | Common | SOLE |
| 93403J106 | WRBY | WARBY PARKER INC | $27.5M | 4.64% | 1,304,727 | Common | SOLE |
| 419870100 | HE | HAWAIIAN ELEC INDS INC MTN B | $26.7M | 4.51% | 1,800,000 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $24.5M | 4.14% | 535,000 | Common | SOLE |
| 759916109 | RGEN | REPLIGEN CORP | $22.5M | 3.80% | 191,233 | Common | SOLE |
| 18915M107 | NET | CLOUDFLARE INC | $21.7M | 3.66% | 105,000 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $20.5M | 3.47% | 7,260,195 | Common | SOLE |
| 42238D107 | HTFL | HEARTFLOW INC | $15.6M | 2.63% | 640,000 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $6.2M | 1.04% | 52,000 | Common | SOLE |
| 68237F108 | OFRM | ONCE UPON A FARM PBC | $6.0M | 1.01% | 365,000 | Common | SOLE |
| 26856L103 | ELF | E L F BEAUTY INC | $4.2M | 0.72% | 70,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $2.7M | 0.45% | 185,000 | Common | SOLE |
| 00760J108 | AEHR | AEHR TEST SYS | $815,760 | 0.14% | 22,000 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $542,290 | 0.09% | 7,000 | Common | SOLE |
| 00108J109 | ACMR | ACM RESH INC | $240,035 | 0.04% | 6,100 | 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.