12 West Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), 12 West Capital Management LP reported 17 stock positions worth $945.5 million. Its top holding was Shake Shack Class A (SHAK) at 23.0% of the portfolio, followed by GDS Holdings Ltd. - ADR (GDS, 15.7%) and Roblox Class A (RBLX, 12.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 3 and reduced 3. The biggest buy was a new position in Klaviyo Class A (KVYO) and the biggest sale an exit from Warby Parker Class A (WRBY).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001540531
- Portfolio Value
- $945.5M (Q2 2025)
- SEC Filing
- 0001540531-25-000006 ↗ filed Aug 14, 2025
Holdings Value
Holdings 17 stocks · $945.5M
| SHAK Shake Shack Inc. Class A | 22.95% | 1,543,595 | $217.0M | Reduce -4.6% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 15.73% | 4,864,476 | $148.7M | No change |
| RBLX Roblox Corp. Class A | 12.61% | 1,133,000 | $119.2M | Reduce -4.2% |
| TOST Toast Inc. Class A | 8.26% | 1,762,840 | $78.1M | No change |
| TBBB BBB Foods Inc. Class A | 7.10% | 2,419,058 | $67.2M | Add +5.7% |
| KRUS Kura Sushi USA Inc. Class A | 5.07% | 556,415 | $47.9M | No change |
| KVYO Klaviyo Inc. Class A | 4.66% | 1,313,000 | $44.1M | New |
| WING Wingstop Inc. | 4.06% | 114,000 | $38.4M | No change |
| NET Cloudflare Inc. Class A | 3.42% | 165,000 | $32.3M | No change |
| MRVI Maravai Lifesciences Hldgs-A | 3.19% | 12,521,335 | $30.2M | No change |
| RGEN Repligen Corp. | 3.17% | 241,233 | $30.0M | No change |
| AFRM Affirm Holdings Inc. | 2.56% | 350,000 | $24.2M | Add +7.7% |
| FWRG First Watch Restaurant Group | 2.53% | 1,490,701 | $23.9M | No change |
| SN Sharkninja Inc. | 2.37% | 226,000 | $22.4M | Add +201.3% |
| SDHC Smith Douglas Homes Corp. | 1.50% | 732,351 | $14.2M | New |
| OSCR Oscar Health Inc. Class A | 0.42% | 186,855 | $4.0M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.40% | 275,000 | $3.8M | Reduce -80.0% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
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 |