12 West Capital Management LP Diversified Active

Location: New York, NY

CIK: 0001540531 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $840M (100.0% shares, 0.0% debt)

Holdings (18)

SHAK SHAKE SHACK INC 19.0%

Value $159M Shares 1,963,595 Est. Cost $64.27 Unrealized +37.2%

GDS GDS HLDGS LTD 17.8%

Value $150M Shares 4,283,776 Est. Cost $29.96 Unrealized —

RBLX ROBLOX CORP 10.1%

Value $85.08M Shares 1,050,000 Est. Cost $43.04 Unrealized +146.7%

TBBB BBB FOODS INC 9.4%

Value $78.89M Shares 2,362,770 Est. Cost $29.01 Unrealized +3.1%

TOST TOAST INC 7.8%

Value $65.62M Shares 1,847,840 Est. Cost $21.72 Unrealized +66.0%

KVYO KLAVIYO INC 7.1%

Value $59.68M Shares 1,838,000 Est. Cost $31.86 Unrealized -12.1%

RGEN REPLIGEN CORP 4.7%

Value $39.53M Shares 241,233 Est. Cost $78.48 Unrealized +99.6%

NET CLOUDFLARE INC 3.9%

Value $32.53M Shares 165,000 Est. Cost $27.93 Unrealized +657.2%

MRVI MARAVAI LIFESCIENCES HLDGS I 3.5%

Value $28.99M Shares 8,921,335 Est. Cost $9.06 Unrealized -62.8%

KRUS KURA SUSHI USA INC 3.4%

Value $28.33M Shares 541,415 Est. Cost $75.15 Unrealized -27.4%

AFRM AFFIRM HLDGS INC 3.1%

Value $26.05M Shares 350,000 Est. Cost $58.72 Unrealized +22.6%

HE HAWAIIAN ELEC INDUSTRIES 2.7%

Value $22.75M Shares 1,850,000 Est. Cost $11.59 Unrealized 0.0%

WING WINGSTOP INC 2.2%

Value $18.84M Shares 79,000 Est. Cost $260.10 Unrealized -4.8%

BBNX BETA BIONICS INC 2.1%

Value $17.52M Shares 575,000 Est. Cost $26.70 Unrealized 0.0%

FWRG FIRST WATCH RESTAURANT GROUP 1.9%

Value $16.15M Shares 1,070,701 Est. Cost $17.16 Unrealized -1.8%

CPNG COUPANG INC 0.7%

Value $5.897M Shares 250,000 Est. Cost $28.45 Unrealized 0.0%

NU NU HLDGS LTD 0.4%

Value $3.097M Shares 185,000 Est. Cost $11.82 Unrealized +36.0%

OSCR OSCAR HEALTH INC 0.2%

Value $1.823M Shares 126,855 Est. Cost $13.70 Unrealized +26.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHAK	SHAKE SHACK INC	1,963,595	$159M	19.0%	$64.27	+37.2%	CL A	819047101
GDS	GDS HLDGS LTD	4,283,776	$150M	17.8%	$29.96	—	SPONSORED ADS	36165L108
RBLX	ROBLOX CORP	1,050,000	$85.08M	10.1%	$43.04	+146.7%	CL A	771049103
TBBB	BBB FOODS INC	2,362,770	$78.89M	9.4%	$29.01	+3.1%	CL A COM	G0896C103
TOST	TOAST INC	1,847,840	$65.62M	7.8%	$21.72	+66.0%	CL A	888787108
KVYO	KLAVIYO INC	1,838,000	$59.68M	7.1%	$31.86	-12.1%	COM SER A	49845K101
RGEN	REPLIGEN CORP	241,233	$39.53M	4.7%	$78.48	+99.6%	COM	759916109
NET	CLOUDFLARE INC	165,000	$32.53M	3.9%	$27.93	+657.2%	CL A COM	18915M107
MRVI	MARAVAI LIFESCIENCES HLDGS I	8,921,335	$28.99M	3.5%	$9.06	-62.8%	COM CL A	56600D107
KRUS	KURA SUSHI USA INC	541,415	$28.33M	3.4%	$75.15	-27.4%	CL A COM	501270102
AFRM	AFFIRM HLDGS INC	350,000	$26.05M	3.1%	$58.72	+22.6%	COM CL A	00827B106
HE	HAWAIIAN ELEC INDUSTRIES	1,850,000	$22.75M	2.7%	$11.59	0.0%	COM	419870100
WING	WINGSTOP INC	79,000	$18.84M	2.2%	$260.10	-4.8%	COM	974155103
BBNX	BETA BIONICS INC	575,000	$17.52M	2.1%	$26.70	0.0%	COM	08659B102
FWRG	FIRST WATCH RESTAURANT GROUP	1,070,701	$16.15M	1.9%	$17.16	-1.8%	COM	33748L101
CPNG	COUPANG INC	250,000	$5.897M	0.7%	$28.45	0.0%	CL A	22266T109
NU	NU HLDGS LTD	185,000	$3.097M	0.4%	$11.82	+36.0%	ORD SHS CL A	G6683N103
OSCR	OSCAR HEALTH INC	126,855	$1.823M	0.2%	$13.70	+26.3%	CL A	687793109