12 West Capital Management LP
NEW YORK, NY
$535m in 18 US stocks at the end of 30 June 2026. The top 10 are 85.7% of the money. It changed about 23.6% of the portfolio this quarter.
Value
$535m
Stocks
18
Top 10 share
85.7%
Turnover
23.6%
What changed this quarter
New
Bought for the first time this quarter.
- Enphase EnergyENPH0.9% of the fund
- ON SemiconductorON0.9% of the fund
Added
Bought more of a stock they already held.
- RepligenRGEN7.1% of the fund+47%
- ACM ResearchACMR5.3% of the fund+3589%
- HeartflowHTFL5.0% of the fund+41%
Cut
Sold some of their stake.
- BBB FoodsTBBB13.4% of the fund-25%
- Shake ShackSHAK9.0% of the fund-31%
- Maravai Lifesciences HoldingsMRVI8.2% of the fund-3%
- Affirm HoldingsAFRM7.0% of the fund-14%
- Hawaiian Electric IndustriesHE2.8% of the fund-38%
- Kura Sushi USAKRUS1.9% of the fund-61%
Sold out
Sold their entire stake.
- Warby ParkerWRBY-100%
- e.l.f. BeautyELF-100%
- Aehr Test SystemsAEHR-100%
- CoreWeaveCRWV-100%
Holdings
- GDS HldgsGDS
- Share
- 14.4%
- Value
- $77m
- Shares
- 2,563,192
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| GDS HldgsGDS | 14.4% | $77m | 2,563,192 | Held |
| BBB FoodsTBBB | 13.4% | $72m | 1,717,770 | -25% |
| RobloxRBLX | 9.7% | $52m | 950,000 | Held |
| Shake ShackSHAK | 9.0% | $48m | 863,411 | -31% |
| Maravai Lifesciences HoldingsMRVI | 8.2% | $44m | 7,060,195 | -3% |
| RepligenRGEN | 7.1% | $38m | 280,165 | +47% |
| Affirm HoldingsAFRM | 7.0% | $38m | 460,000 | -14% |
| ToastTOST | 6.5% | $35m | 1,247,840 | Held |
| ACM ResearchACMR | 5.3% | $29m | 225,000 | +3589% |
| HeartflowHTFL | 5.0% | $26m | 902,500 | +41% |
| CloudflareNET | 4.8% | $26m | 105,000 | Held |
| Hawaiian Electric IndustriesHE | 2.8% | $15m | 1,125,000 | -38% |
| Kura Sushi USAKRUS | 1.9% | $10m | 175,000 | -61% |
| Once Upon a Farm, PBCOFRM | 1.4% | $7m | 365,000 | Held |
| ShopifySHOP | 1.1% | $6m | 52,000 | Held |
| Enphase EnergyENPH | 0.9% | $5m | 100,000 | New |
| ON SemiconductorON | 0.9% | $5m | 50,000 | New |
| Nu HoldingsNU | 0.5% | $2m | 185,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 43.4% since 30 June 2025.
Where the money is
Health care20.3%
Technology17.4%
Everyday goods14.8%
Financial services14.0%
Retail & consumer10.9%
Industrials5.3%
Utilities2.8%
Other14.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.