12 West Capital Management LP
Filing Date
Global Rank
#2,391
/ 8,605
▼ 383
· as of Mar 2026
Top Industry
Restaurants
23.8%
3Y Alpha vs SPY
-11.9%
Period ended 3 months ago
Filed May 15, 2026 · 55d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+29.0%
SPY
+76.5%
Annualised alpha
-12.0%
Max drawdown
−37.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
20 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
18.6%
−0.4 pts
Top 5
64.4%
+0.3 pts
Top 10
86.8%
+0.1 pts
HHI
1,088
Diversified+17
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.1% | $166,322,510 |
| Consumer Cyclical | 23.8% | $141,176,151 |
| Consumer Defensive | 15.4% | $91,128,874 |
| Healthcare | 14.5% | $86,139,220 |
| Communication Services | 9.1% | $53,732,000 |
| Financial Services | 4.6% | $27,172,150 |
| Utilities | 4.5% | $26,712,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AFRM | Affirm Holdings, Inc. | +185,000 | 535,000 | $24,513,700 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GDS | GDS Holdings Ltd | −1,707,200 | 2,576,576 | $103,810,247 | |
| MRVI | Maravai Lifesciences Holdings, Inc. | −1,661,140 | 7,260,195 | $20,546,351 | |
| SHAK | Shake Shack Inc. | −720,000 | 1,243,595 | $110,020,849 | |
| TOST | Toast, Inc. | −600,000 | 1,247,840 | $33,080,238 | |
| RBLX | Roblox Corp | −100,000 | 950,000 | $53,732,000 | |
| KRUS | Kura Sushi USA, Inc. | −95,000 | 446,415 | $31,155,302 | |
| TBBB | Bbb Foods Inc | −75,000 | 2,287,770 | $80,918,424 | |
| NET | Cloudflare, Inc. | −60,000 | 105,000 | $21,665,700 | |
| HE | Hawaiian Electric Industries Inc | −50,000 | 1,800,000 | $26,712,000 | |
| RGEN | Repligen Corp | −50,000 | 191,233 | $22,531,072 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| WRBY | Warby Parker Inc. | 1,304,727 | $27,490,597 | |
| HTFL | Heartflow, Inc. | 640,000 | $15,571,200 | |
| SHOP | Shopify Inc. | 52,000 | $6,168,240 | |
| OFRM | Once Upon a Farm, PBC | 365,000 | $5,967,750 | |
| ELF | e.l.f. Beauty, Inc. | 70,000 | $4,242,700 | |
| AEHR | Aehr Test Systems | 22,000 | $815,760 | |
| CRWV | CoreWeave, Inc. | 7,000 | $542,290 | |
| ACMR | ACM Research, Inc. | 6,100 | $240,035 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KVYO | Klaviyo, Inc. | 1,838,000 | $59,679,860 | |
| WING | Wingstop Inc. | 79,000 | $18,840,710 | |
| BBNX | Beta Bionics, Inc. | 575,000 | $17,520,250 | |
| FWRG | First Watch Restaurant Group, Inc. | 1,070,701 | $16,146,171 | |
| CPNG | Coupang, Inc. | 250,000 | $5,897,500 | |
| OSCR | Oscar Health, Inc. | 126,855 | $1,822,906 | |
| No positions match the current search. | ||||
20 positions ·
$592,382,905 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SHAK |
Shake Shack Inc.
Consumer Cyclical
|
Reduced | 1,243,595 | $110,020,849 | 18.57% | |
| GDS |
GDS Holdings Ltd
Technology
|
Reduced | 2,576,576 | $103,810,247 | 17.52% | |
| TBBB |
Bbb Foods Inc
Consumer Defensive
|
Reduced | 2,287,770 | $80,918,424 | 13.66% | |
| RBLX |
Roblox Corp
Communication Services
|
Reduced | 950,000 | $53,732,000 | 9.07% | |
| TOST |
Toast, Inc.
Technology
|
Reduced | 1,247,840 | $33,080,238 | 5.58% | |
| KRUS |
Kura Sushi USA, Inc.
Consumer Cyclical
|
Reduced | 446,415 | $31,155,302 | 5.26% | |
| WRBY |
Warby Parker Inc.
Healthcare
|
NEW | 1,304,727 | $27,490,597 | 4.64% | |
| HE |
Hawaiian Electric Industries Inc
Utilities
|
Reduced | 1,800,000 | $26,712,000 | 4.51% | |
| AFRM |
Affirm Holdings, Inc.
Financial Services
|
Added | 535,000 | $24,513,700 | 4.14% | |
| RGEN |
Repligen Corp
Healthcare
|
Reduced | 191,233 | $22,531,072 | 3.80% | |
| NET |
Cloudflare, Inc.
Technology
|
Reduced | 105,000 | $21,665,700 | 3.66% | |
| MRVI |
Maravai Lifesciences Holdings, Inc.
Healthcare
|
Reduced | 7,260,195 | $20,546,351 | 3.47% | |
| HTFL |
Heartflow, Inc.
Healthcare
|
NEW | 640,000 | $15,571,200 | 2.63% | |
| SHOP |
Shopify Inc.
Technology
|
NEW | 52,000 | $6,168,240 | 1.04% | |
| OFRM |
Once Upon a Farm, PBC
Consumer Defensive
|
NEW | 365,000 | $5,967,750 | 1.01% | |
| ELF |
e.l.f. Beauty, Inc.
Consumer Defensive
|
NEW | 70,000 | $4,242,700 | 0.72% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Held | 185,000 | $2,658,450 | 0.45% | |
| AEHR |
Aehr Test Systems
Technology
|
NEW | 22,000 | $815,760 | 0.14% | |
| CRWV |
CoreWeave, Inc.
Technology
|
NEW | 7,000 | $542,290 | 0.09% | |
| ACMR |
ACM Research, Inc.
Technology
|
NEW | 6,100 | $240,035 | 0.04% |