12 West Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
12 West Capital Management LP disclosed 18 US equity positions worth $839.7m in its Q4 2025 13F filing. The largest position was SHAK at 19.0% of the reported book, followed by GDS and RBLX. Against the Q3 2025 filing, it opened 3 new positions, added to 2 and reduced 9 among the top 18 holdings.
What did 12 West Capital Management LP own in Q4 2025? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SHAK SHAKE SHACK INC | Consumer Cyclical | 19.0% | $159.4m | 1,963,595 | 12% | added |
| 2 | GDS GDS HLDGS LTD | Technology | 17.8% | $149.5m | 4,283,776 | -5% | reduced |
| 3 | RBLX ROBLOX CORP | Communication Services | 10.1% | $85.1m | 1,050,000 | -1% | reduced |
| 4 | TBBB BBB FOODS INC | Consumer Defensive | 9.4% | $78.9m | 2,362,770 | -30% | reduced |
| 5 | TOST TOAST INC | Technology | 7.8% | $65.6m | 1,847,840 | 4% | added |
| 6 | KVYO KLAVIYO INC | Technology | 7.1% | $59.7m | 1,838,000 | 0% | held |
| 7 | RGEN REPLIGEN CORP | Healthcare | 4.7% | $39.5m | 241,233 | 0% | held |
| 8 | NET CLOUDFLARE INC | Technology | 3.9% | $32.5m | 165,000 | 0% | held |
| 9 | MRVI MARAVAI LIFESCIENCES HLDGS I | Healthcare | 3.5% | $29.0m | 8,921,335 | -29% | reduced |
| 10 | KRUS KURA SUSHI USA INC | 3.4% | $28.3m | 541,415 | -3% | reduced | |
| 11 | AFRM AFFIRM HLDGS INC | Financial Services | 3.1% | $26.1m | 350,000 | 0% | held |
| 12 | HE HAWAIIAN ELEC INDUSTRIES | Utilities | 2.7% | $22.8m | 1,850,000 | – | new |
| 13 | WING WINGSTOP INC | Consumer Cyclical | 2.2% | $18.8m | 79,000 | -31% | reduced |
| 14 | BBNX BETA BIONICS INC | Healthcare | 2.1% | $17.5m | 575,000 | – | new |
| 15 | FWRG FIRST WATCH RESTAURANT GROUP | Consumer Cyclical | 1.9% | $16.1m | 1,070,701 | -28% | reduced |
| 16 | CPNG COUPANG INC | Consumer Cyclical | 0.7% | $5.9m | 250,000 | – | new |
| 17 | NU NU HLDGS LTD | Financial Services | 0.4% | $3.1m | 185,000 | -33% | reduced |
| 18 | OSCR OSCAR HEALTH INC | Healthcare | 0.2% | $1.8m | 126,855 | -32% | reduced |
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.