12 West Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), 12 West Capital Management LP reported 16 stock positions worth $954.6 million. Its top holding was Shake Shack Class A (SHAK) at 24.0% of the portfolio, followed by GDS Holdings Ltd. - ADR (GDS, 14.0%) and Roblox Class A (RBLX, 12.5%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 3 and reduced 6. The biggest buy was a new position in BBB Foods Class A (TBBB) and the biggest sale Roblox Class A (RBLX, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001540531
- Portfolio Value
- $954.6M (Q4 2024)
- SEC Filing
- 0001540531-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 16 stocks · $954.6M
| SHAK Shake Shack Inc. Class A | 23.99% | 1,764,118 | $229.0M | Reduce -1.6% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 13.96% | 5,609,137 | $133.3M | Reduce -1.3% |
| RBLX Roblox Corp. Class A | 12.50% | 2,061,988 | $119.3M | Reduce -48.9% |
| TOST Toast Inc. Class A | 11.74% | 3,074,840 | $112.1M | Reduce -18.1% |
| MRVI Maravai Lifesciences Hldgs-A | 6.62% | 11,591,335 | $63.2M | Reduce -17.3% |
| KRUS Kura Sushi USA Inc. Class A | 5.28% | 556,415 | $50.4M | Add +12.8% |
| TBBB BBB Foods Inc. Class A | 5.09% | 1,716,558 | $48.5M | New |
| DDOG Datadog Inc. Class A | 3.99% | 266,500 | $38.1M | No change |
| FWRG First Watch Restaurant Group | 3.93% | 2,013,406 | $37.5M | Add +20.2% |
| RGEN Repligen Corp. | 3.72% | 246,875 | $35.5M | Reduce -2.4% |
| GO Grocery Outlet Holding Corp. | 1.91% | 1,170,000 | $18.3M | Add +1.7% |
| NET Cloudflare Inc. Class A | 1.86% | 165,000 | $17.8M | No change |
| VSXY Victoria's Secret & Co. | 1.84% | 422,962 | $17.5M | New |
| TPR Tapestry Inc. | 1.71% | 250,000 | $16.3M | New |
| GAP The Gap Inc. | 1.61% | 650,000 | $15.4M | New |
| OSCR Oscar Health Inc. Class A | 0.26% | 186,855 | $2.5M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| RBLX Roblox Corp. Class A | Reduce -48.9% | 12.50% | −5.80 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −5.46 |
| MRVI Maravai Lifesciences Hldgs-A | Reduce -17.3% | 6.62% | −5.32 |
| ENFN Enfusion Inc. Class A | Sold out | 0.00% | −1.85 |
| SN Sharkninja Inc. | Sold out | 0.00% | −1.62 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −1.45 |
| RGEN Repligen Corp. | Reduce -2.4% | 3.72% | −0.14 |
| TOST Toast Inc. Class A | Reduce -18.1% | 11.74% | +0.84 |
| GDS GDS Holdings Ltd. - ADR | Reduce -1.3% | 13.96% | +2.07 |
| SHAK Shake Shack Inc. Class A | Reduce -1.6% | 23.99% | +5.01 |
Portfolio Buys Q3 2024 → Q4 2024
| TBBB BBB Foods Inc. Class A | New | 5.09% | +5.09 |
| VSXY Victoria's Secret & Co. | New | 1.84% | +1.84 |
| TPR Tapestry Inc. | New | 1.71% | +1.71 |
| GAP The Gap Inc. | New | 1.61% | +1.61 |
| FWRG First Watch Restaurant Group | Add +20.2% | 3.93% | +1.24 |
| KRUS Kura Sushi USA Inc. Class A | Add +12.8% | 5.28% | +1.20 |
| GO Grocery Outlet Holding Corp. | Add +1.7% | 1.91% | −0.16 |
Notes & Other Activity Q3 2024 → Q4 2024
| GRND.WS Grindr Inc. -26 | *W EXP 11/18/202 | Sold out | 755,000 | $2.3Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $534.7M | GDS, TBBB, RBLX, SHAK, MRVI |
| Q1 2026 | 20 | $592.4M | SHAK, GDS, TBBB, RBLX, TOST |
| Q4 2025 | 18 | $839.7M | SHAK, GDS, RBLX, TBBB, TOST |
| Q3 2025 | 17 | $964.1M | GDS, SHAK, RBLX, TBBB, TOST |
| Q2 2025 | 17 | $945.5M | SHAK, GDS, RBLX, TOST, TBBB |
| Q1 2025 | 17 | $677.6M | SHAK, GDS, RBLX, TBBB, TOST |
| Q4 2024 | 16 | $954.6M | SHAK, GDS, RBLX, TOST, MRVI |
| Q3 2024 | 16 | $975.1M | SHAK, RBLX, MRVI, GDS, TOST |
| Q2 2024 | 18 | $970.3M | SHAK, GO, RBLX, PCOR, TOST |
| Q1 2024 | 23 | $1.1B | SHAK, PCOR, MRVI, GO, TOST |