12 West Capital Management LP Diversified Active

Location: New York, NY

CIK: 0001540531 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $592M (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (8)

WRBY WARBY PARKER INC 4.6%

Value $27.49M Shares 1,304,727 Est. Cost $25.21 Unrealized 0.0%

HTFL HEARTFLOW INC 2.6%

Value $15.57M Shares 640,000 Est. Cost $28.97 Unrealized 0.0%

SHOP SHOPIFY INC 1.0%

Value $6.168M Shares 52,000 Est. Cost $136.45 Unrealized 0.0%

OFRM ONCE UPON A FARM PBC 1.0%

Value $5.968M Shares 365,000 Est. Cost $16.35 Unrealized —

ELF E L F BEAUTY INC 0.7%

Value $4.243M Shares 70,000 Est. Cost $85.68 Unrealized 0.0%

AEHR AEHR TEST SYS 0.1%

Value $816K Shares 22,000 Est. Cost $28.06 Unrealized 0.0%

CRWV COREWEAVE INC 0.1%

Value $542K Shares 7,000 Est. Cost $91.48 Unrealized 0.0%

ACMR ACM RESH INC 0.0%

Value $240K Shares 6,100 Est. Cost $57.07 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WRBY	WARBY PARKER INC	1,304,727	$27.49M	4.6%	$25.21	0.0%	CL A COM	93403J106
HTFL	HEARTFLOW INC	640,000	$15.57M	2.6%	$28.97	0.0%	COM	42238D107
SHOP	SHOPIFY INC	52,000	$6.168M	1.0%	$136.45	0.0%	CL A SUB VTG SHS	82509L107
OFRM	ONCE UPON A FARM PBC	365,000	$5.968M	1.0%	$16.35	—	COM	68237F108
ELF	E L F BEAUTY INC	70,000	$4.243M	0.7%	$85.68	0.0%	COM	26856L103
AEHR	AEHR TEST SYS	22,000	$816K	0.1%	$28.06	0.0%	COM	00760J108
CRWV	COREWEAVE INC	7,000	$542K	0.1%	$91.48	0.0%	COM CL A	21873S108
ACMR	ACM RESH INC	6,100	$240K	0.0%	$57.07	0.0%	COM CL A	00108J109

Increased Positions (1)

AFRM AFFIRM HLDGS INC 4.1%

Value $24.51M (-5.9%) Shares 535,000 (+52.9%) Est. Cost $60.79 Unrealized +6.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AFRM	AFFIRM HLDGS INC	535,000 (+52.9%)	$24.51M (-5.9%)	4.1%	$60.79	+6.4%	COM CL A	00827B106

Exited Positions (6)

KVYO KLAVIYO INC 10.1%

Value $59.68M Shares 1,838,000 Est. Cost $31.86 Unrealized -28.4%

WING WINGSTOP INC 3.2%

Value $18.84M Shares 79,000 Est. Cost $260.10 Unrealized +1.7%

BBNX BETA BIONICS INC 3.0%

Value $17.52M Shares 575,000 Est. Cost $26.70 Unrealized -36.0%

FWRG FIRST WATCH RESTAURANT GROUP 2.7%

Value $16.15M Shares 1,070,701 Est. Cost $17.16 Unrealized -6.9%

CPNG COUPANG INC 1.0%

Value $5.897M Shares 250,000 Est. Cost $28.45 Unrealized -30.2%

OSCR OSCAR HEALTH INC 0.3%

Value $1.823M Shares 126,855 Est. Cost $13.70 Unrealized +7.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KVYO	KLAVIYO INC	1,838,000	$59.68M	10.1%	$31.86	-28.4%	—	49845K101
WING	WINGSTOP INC	79,000	$18.84M	3.2%	$260.10	+1.7%	—	974155103
BBNX	BETA BIONICS INC	575,000	$17.52M	3.0%	$26.70	-36.0%	—	08659B102
FWRG	FIRST WATCH RESTAURANT GROUP	1,070,701	$16.15M	2.7%	$17.16	-6.9%	—	33748L101
CPNG	COUPANG INC	250,000	$5.897M	1.0%	$28.45	-30.2%	—	22266T109
OSCR	OSCAR HEALTH INC	126,855	$1.823M	0.3%	$13.70	+7.5%	—	687793109

Decreased Positions (10)

SHAK SHAKE SHACK INC 18.6%

Value $110M (-31.0%) Shares 1,243,595 (-36.7%) Est. Cost $64.27 Unrealized +44.6%

GDS GDS HLDGS LTD 17.5%

Value $104M (-30.6%) Shares 2,576,576 (-39.9%) Est. Cost $29.96 Unrealized —

TOST TOAST INC 5.6%

Value $33.08M (-49.6%) Shares 1,247,840 (-32.5%) Est. Cost $21.72 Unrealized +42.8%

RBLX ROBLOX CORP 9.1%

Value $53.73M (-36.8%) Shares 950,000 (-9.5%) Est. Cost $43.04 Unrealized +66.7%

RGEN REPLIGEN CORP 3.8%

Value $22.53M (-43.0%) Shares 191,233 (-20.7%) Est. Cost $78.48 Unrealized +94.2%

NET CLOUDFLARE INC 3.7%

Value $21.67M (-33.4%) Shares 105,000 (-36.4%) Est. Cost $27.93 Unrealized +552.9%

MRVI MARAVAI LIFESCIENCES HLDGS I 3.5%

Value $20.55M (-29.1%) Shares 7,260,195 (-18.6%) Est. Cost $9.06 Unrealized -61.7%

HE HAWAIIAN ELEC INDS INC MTN B 4.5%

Value $26.71M (+17.4%) Shares 1,800,000 (-2.7%) Est. Cost $11.59 Unrealized +31.6%

KRUS KURA SUSHI USA INC 5.3%

Value $31.16M (+10.0%) Shares 446,415 (-17.5%) Est. Cost $75.15 Unrealized -7.1%

TBBB BBB FOODS INC 13.7%

Value $80.92M (+2.6%) Shares 2,287,770 (-3.2%) Est. Cost $29.01 Unrealized +22.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHAK	SHAKE SHACK INC	1,243,595 (-36.7%)	$110M (-31.0%)	18.6%	$64.27	+44.6%	CL A	819047101
GDS	GDS HLDGS LTD	2,576,576 (-39.9%)	$104M (-30.6%)	17.5%	$29.96	—	SPONSORED ADS	36165L108
TOST	TOAST INC	1,247,840 (-32.5%)	$33.08M (-49.6%)	5.6%	$21.72	+42.8%	CL A	888787108
RBLX	ROBLOX CORP	950,000 (-9.5%)	$53.73M (-36.8%)	9.1%	$43.04	+66.7%	CL A	771049103
RGEN	REPLIGEN CORP	191,233 (-20.7%)	$22.53M (-43.0%)	3.8%	$78.48	+94.2%	COM	759916109
NET	CLOUDFLARE INC	105,000 (-36.4%)	$21.67M (-33.4%)	3.7%	$27.93	+552.9%	CL A COM	18915M107
MRVI	MARAVAI LIFESCIENCES HLDGS I	7,260,195 (-18.6%)	$20.55M (-29.1%)	3.5%	$9.06	-61.7%	COM CL A	56600D107
HE	HAWAIIAN ELEC INDS INC MTN B	1,800,000 (-2.7%)	$26.71M (+17.4%)	4.5%	$11.59	+31.6%	COM	419870100
KRUS	KURA SUSHI USA INC	446,415 (-17.5%)	$31.16M (+10.0%)	5.3%	$75.15	-7.1%	CL A COM	501270102
TBBB	BBB FOODS INC	2,287,770 (-3.2%)	$80.92M (+2.6%)	13.7%	$29.01	+22.7%	CL A COM	G0896C103

Unchanged Positions (1)

NU NU HLDGS LTD 0.4%

Value $2.658M Shares 185,000 Est. Cost $11.82 Unrealized +46.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HLDGS LTD	185,000	$2.658M	0.4%	$11.82	+46.7%	ORD SHS CL A	G6683N103