12 West Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
12 West Capital Management LP disclosed 17 US equity positions worth $964.1m in its Q3 2025 13F filing. The largest position was GDS at 18.2% of the reported book, followed by SHAK and RBLX. Against the Q2 2025 filing, it opened 1 new position, added to 4 and reduced 3 among the top 17 holdings.
What did 12 West Capital Management LP own in Q3 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GDS GDS HLDGS LTD | Technology | 18.2% | $175.0m | 4,521,976 | -7% | reduced |
| 2 | SHAK SHAKE SHACK INC | Consumer Cyclical | 17.0% | $164.2m | 1,753,595 | 14% | added |
| 3 | RBLX ROBLOX CORP | Communication Services | 15.3% | $147.5m | 1,065,000 | -6% | reduced |
| 4 | TBBB BBB FOODS INC | Consumer Defensive | 9.5% | $91.2m | 3,382,770 | 40% | added |
| 5 | TOST TOAST INC | Technology | 6.8% | $65.1m | 1,782,840 | 1% | added |
| 6 | KVYO KLAVIYO INC | Technology | 5.3% | $50.9m | 1,838,000 | 40% | added |
| 7 | U UNITY SOFTWARE INC | Technology | 4.0% | $38.6m | 965,000 | – | new |
| 8 | MRVI MARAVAI LIFESCIENCES HLDGS I | Healthcare | 3.7% | $35.9m | 12,521,335 | 0% | held |
| 9 | NET CLOUDFLARE INC | Technology | 3.7% | $35.4m | 165,000 | 0% | held |
| 10 | KRUS KURA SUSHI USA INC | 3.4% | $33.1m | 556,415 | 0% | held | |
| 11 | RGEN REPLIGEN CORP | Healthcare | 3.3% | $32.2m | 241,233 | 0% | held |
| 12 | WING WINGSTOP INC | Consumer Cyclical | 3.0% | $28.7m | 114,000 | 0% | held |
| 13 | AFRM AFFIRM HLDGS INC | Financial Services | 2.7% | $25.6m | 350,000 | 0% | held |
| 14 | FWRG FIRST WATCH RESTAURANT GROUP | Consumer Cyclical | 2.4% | $23.3m | 1,490,701 | 0% | held |
| 15 | SDHC SMITH DOUGLAS HOMES CORP | 1.0% | $9.5m | 535,140 | -27% | reduced | |
| 16 | NU NU HLDGS LTD | Financial Services | 0.5% | $4.4m | 275,000 | 0% | held |
| 17 | OSCR OSCAR HEALTH INC | Healthcare | 0.4% | $3.5m | 186,855 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.