12 West Capital Management LP Institutional Portfolio (13F)

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$592.4M

Reporting period: 2026-03-31 · Number of holdings: 20

12 West Capital Management LP disclosed 20 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $592.4M and a quarterly turnover rate of 54.0%.

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Personality snowflake

Concentration: 43.53
Portfolio Stability: 54.05
Momentum/Contrarian: 100
Sector conviction: 66.53
Diversification: 40
Sizing Uniformity: 88.87

Recent moves

Add TBBB
-3.2%　$2.0M
Trim TOST
-32.5%　-$32.5M
Add KRUS
-17.5%　$2.8M
Add HE
-2.7%　$4.0M
Trim RBLX
-9.5%　-$31.3M
Add AFRM
+52.9%　-$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SHAK	Shake Shack INC - Class A	Stock-Consumer Disc	18.57%	-0.41%	-36.67%
2	GDS	Gds Holdings LTD - Adr	Stock-Other	17.52%	-0.28%	-39.85%
3	TBBB	BBB Foods Inc.	Stock-Other	13.66%	+4.26%	-3.17%
4	RBLX	Roblox CORP -class A	Stock-Comm Services	9.07%	-1.06%	-9.52%
5	TOST	Toast Inc-class A	Stock-Tech	5.58%	-2.23%	-32.47%
6	KRUS	Kura Sushi USA Inc-class A	Stock-Other	5.26%	+1.89%	-17.55%
7	WRBY	Warby Parker Inc-class A	Stock-Other	4.64%	+4.64%	NEW
8	HE	Hawaiian Electric Inds	Stock-Utilities	4.51%	+1.80%	-2.70%
9	AFRM	Affirm Holdings INC	Stock-Financials	4.14%	+1.04%	+52.86%
10	RGEN	Repligen CORP	Stock-Healthcare	3.80%	-0.91%	-20.73%
11	NET	Cloudflare INC - Class A	Stock-Tech	3.66%	-0.21%	-36.36%
12	MRVI	Maravai Lifesciences Hldgs-a	Stock-Other	3.47%	+0.02%	-18.62%
13	HTFL	Heartflow INC	Stock-Other	2.63%	+2.63%	NEW
14	SHOP	Shopify INC - Class A	Stock-Tech	1.04%	+1.04%	NEW
15	OFRM	Once Upon A Farm Pbc	Stock-Other	1.01%	+1.01%	NEW
16	ELF	Elf Beauty INC	Stock-Consumer Staples	0.72%	+0.72%	NEW
17	NU	Nu Holdings Ltd.	Stock-Financials	0.45%	+0.08%	—
18	AEHR	Aehr Test Systems	Stock-Other	0.14%	+0.14%	NEW
19	CRWV	Coreweave Inc-cl A	Stock-Tech	0.09%	+0.09%	NEW
20	ACMR	Acm Research Inc-class A	Stock-Other	0.04%	+0.04%	NEW

Portfolio Performance

Performance for Q3 2026

-15.5%

Performance Last 4 Quarters

-23.7%

Based on 48% of reported portfolio value with available pricing

Stdev: +35.1%
Beta: +1.43
Alpha: -28.4%
Max Drawdown: -32.8%
Annualized Perf: -5.3%
Batting Avg vs S&P: +42.9%
Sortino: +0.02
Stutzer: 0
Treynor: 0
Sterling: -0.18
Calmar: -0.16
Information Ratio: -0.68
Tracking Error: +29.1%
Stdev Down: +22.5%
Winning Months %: +53.6%
Losing Months %: +46.4%
Best 12 Months: +62.4%
Worst 12 Months: -32.8%
Efficiency Ratio: +0.05
Sharpe: +0.01
Stdev Sectors: +10.6%
Skewness: +0.51
Kurtosis: -0.06
Upside Potential: +2.11

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	20	$592.4M	54	1SHAK 2GDS 3TBBB Top holdings2026-03-31 1.SHAK 2.GDS 3.TBBB 4.RBLX 5.TOST 6.KRUS 7.WRBY 8.HE 9.AFRM 10.RGEN
2025-12-31	18	$839.7M	28	1SHAK 2GDS 3RBLX Top holdings2025-12-31 1.SHAK 2.GDS 3.RBLX 4.TBBB 5.TOST 6.KVYO 7.RGEN 8.NET 9.MRVI 10.KRUS
2025-09-30	17	$964.1M	40	1GDS 2SHAK 3RBLX Top holdings2025-09-30 1.GDS 2.SHAK 3.RBLX 4.TBBB 5.TOST 6.KVYO 7.U 8.MRVI 9.NET 10.KRUS
2025-06-30	17	$945.5M	0	1SHAK 2GDS 3RBLX Top holdings2025-06-30 1.SHAK 2.GDS 3.RBLX 4.TOST 5.TBBB 6.KRUS 7.KVYO 8.WING 9.NET 10.MRVI
2025-03-31	17	$677.6M	100	1SHAK 2GDS 3RBLX Top holdings2025-03-31 1.SHAK 2.GDS 3.RBLX 4.TBBB 5.TOST 6.RGEN 7.KRUS 8.MRVI 9.WING 10.FWRG
2024-12-31	16	$954.6M	0	1SHAK 2GDS 3RBLX Top holdings2024-12-31 1.SHAK 2.GDS 3.RBLX 4.TOST 5.MRVI 6.KRUS 7.TBBB 8.DDOG 9.FWRG 10.RGEN
2024-09-30	17	$977.4M	0	1SHAK 2RBLX 3MRVI Top holdings2024-09-30 1.SHAK 2.RBLX 3.MRVI 4.GDS 5.TOST 6.SE 7.KRUS 8.RGEN 9.DDOG 10.FWRG
2024-06-30	19	$972.7M	0	1SHAK 2GO 3RBLX Top holdings2024-06-30 1.SHAK 2.GO 3.RBLX 4.PCOR 5.TOST 6.MRVI 7.GDS 8.SE 9.DDOG 10.RGEN
2024-03-31	25	$1.1B	0	1SHAK 2PCOR 3MRVI Top holdings2024-03-31 1.SHAK 2.PCOR 3.MRVI 4.GO 5.TOST 6.RBLX 7.KRUS 8.RGEN 9.SE 10.ISRG
2023-12-31	20	$1.1B	0	1PCOR 2RBLX 3SHAK Top holdings2023-12-31 1.PCOR 2.RBLX 3.SHAK 4.TOST 5.MRVI 6.RGEN 7.SE 8.DDOG 9.GDS 10.SMARGBP
2023-09-30	24	$1.1B	0	1PCOR 2SHAK 3RBLX Top holdings2023-09-30 1.PCOR 2.SHAK 3.RBLX 4.TOST 5.SMARGBP 6.RGEN 7.MRVI 8.8QR 9.GDS 10.APPF
2023-06-30	23	$1.2B	0	1PCOR 2RBLX 3TOST Top holdings2023-06-30 1.PCOR 2.RBLX 3.TOST 4.8QR 5.SHAK 6.RGEN 7.SMARGBP 8.GDS 9.APPF 10.DDOG
2023-03-31	24	$1.2B	0	1PCOR 2RBLX 3GDS Top holdings2023-03-31 1.PCOR 2.RBLX 3.GDS 4.RGEN 5.SMARGBP 6.SHAK 7.TOST 8.8QR 9.CXM 10.APPF
2022-12-31	21	$989.4M	0	1PCOR 2GDS 3RGEN Top holdings2022-12-31 1.PCOR 2.GDS 3.RGEN 4.RBLX 5.TOST 6.SMARGBP 7.SHAK 8.CXM 9.8QR 10.APPF
2022-09-30	20	$1.1B	0	1PCOR 2RGEN 3GDS Top holdings2022-09-30 1.PCOR 2.RGEN 3.GDS 4.RBLX 5.SMARGBP 6.TOST 7.SHAK 8.CXM 9.SE 10.8QR
2022-06-30	22	$1.2B	0	1GDS 2PCOR 3RGEN Top holdings2022-06-30 1.GDS 2.PCOR 3.RGEN 4.RBLX 5.CXM 6.SE 7.SHAK 8.TXG 9.SMARGBP 10.SPT
2022-03-31	22	$1.6B	0	1GDS 2TXG 3PCOR Top holdings2022-03-31 1.GDS 2.TXG 3.PCOR 4.RGEN 5.SHAK 6.SE 7.RBLX 8.CXM 9.SMARGBP 10.8QR
2021-12-31	19	$2.3B	0	1RBLX 2GDS 3TXG Top holdings2021-12-31 1.RBLX 2.GDS 3.TXG 4.RGEN 5.PCOR 6.SHAK 7.SMARGBP 8.8QR 9.CXM 10.ASAN
2021-09-30	17	$2.2B	0	1GDS 2RGEN 3RBLX Top holdings2021-09-30 1.GDS 2.RGEN 3.RBLX 4.TXG 5.SHAK 6.ASAN 7.PCOR 8.SMARGBP 9.SPT 10.XYZ
2021-06-30	15	$2.4B	22	1GDS 2TXG 3SHAK Top holdings2021-06-30 1.GDS 2.TXG 3.SHAK 4.RGEN 5.RBLX 6.ASAN 7.PCOR 8.SMARGBP 9.XYZ 10.SPT
2021-03-31	14	$2.1B	34	1GDS 2TXG 3SHAK Top holdings2021-03-31 1.GDS 2.TXG 3.SHAK 4.RGEN 5.SMARGBP 6.XYZ 7.RBLX 8.ASAN 9.SPT 10.68269G
2020-12-31	14	$2.3B	25	1GDS 2TXG 3SMARGBP Top holdings2020-12-31 1.GDS 2.TXG 3.SMARGBP 4.SHAK 5.RGEN 6.XYZ 7.ALNY 8.FLT1EUR 9.SPT 10.68269G
2020-09-30	17	$2.1B	26	1GDS 2TXG 3SHAK Top holdings2020-09-30 1.GDS 2.TXG 3.SHAK 4.SMARGBP 5.RGEN 6.ALNY 7.XYZ 8.INSP 9.FLT1EUR 10.68269G
2020-06-30	16	$1.9B	47	1GDS 2SMARGBP 3SHAK Top holdings2020-06-30 1.GDS 2.SMARGBP 3.SHAK 4.RGEN 5.TXG 6.ALNY 7.GDDY 8.FLT1EUR 9.INSP 10.WORK
2020-03-31	18	$1.7B	33	1GDS 2GDDY 3SMARGBP Top holdings2020-03-31 1.GDS 2.GDDY 3.SMARGBP 4.RGEN 5.SHAK 6.ALNY 7.SE 8.FLT1EUR 9.FIVE 10.INSP
2019-12-31	14	$1.6B	40	1GDS 2GDDY 3SMARGBP Top holdings2019-12-31 1.GDS 2.GDDY 3.SMARGBP 4.SHAK 5.ALNY 6.RGEN 7.FLT1EUR 8.GWRE 9.WORK 10.FNKO
2019-09-30	15	$1.6B	19	1GDS 2SHAK 3GDDY Top holdings2019-09-30 1.GDS 2.SHAK 3.GDDY 4.SMARGBP 5.FLT1EUR 6.ALNY 7.RGEN 8.TECH 9.RNG 10.LAUR
2019-06-30	15	$1.3B	21	1GDS 2GDDY 3SHAK Top holdings2019-06-30 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.TECH 6.ALNY 7.SMARGBP 8.WORK 9.LAUR 10.RNG
2019-03-31	14	$1.2B	38	1GDS 2GDDY 3SHAK Top holdings2019-03-31 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.ALNY 6.TECH 7.SMARGBP 8.LAUR 9.RNG 10.MED
2018-12-31	16	$971.5M	40	1GDS 2GDDY 3SHAK Top holdings2018-12-31 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.LAUR 6.ALNY 7.TECH 8.RNG 9.ROKU 10.SMARGBP
2018-09-30	20	$1.4B	46	1GDS 2GDDY 3SHAK Top holdings2018-09-30 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.ALNY 6.LAUR 7.POST 8.WTWEUR 9.TECH 10.ROKU
2018-06-30	22	$1.2B	43	1GDS 2SHAK 3GDDY Top holdings2018-06-30 1.GDS 2.SHAK 3.GDDY 4.WTWEUR 5.FLT1EUR 6.ALNY 7.LAUR 8.POST 9.CXPUSD 10.FIZZ
2018-03-31	19	$909.4M	37	1GDDY 2FLT1EUR 3SHAK Top holdings2018-03-31 1.GDDY 2.FLT1EUR 3.SHAK 4.WTWEUR 5.GDS 6.ALNY 7.POST 8.LAUR 9.CXPUSD 10.EGHT
2017-12-31	18	$827.1M	27	1FLT1EUR 2SHAK 3GDDY Top holdings2017-12-31 1.FLT1EUR 2.SHAK 3.GDDY 4.ALNY 5.POST 6.LAUR 7.CXPUSD 8.WTWEUR 9.ORA 10.EGHT
2017-09-30	19	$715.1M	46	1FLT1EUR 2GDDY 3SHAK Top holdings2017-09-30 1.FLT1EUR 2.GDDY 3.SHAK 4.ALNY 5.POST 6.CXPUSD 7.LAUR 8.WING 9.ORA 10.WTWEUR
2017-06-30	16	$591.0M	61	1FLT1EUR 2GDDY 3SHAK Top holdings2017-06-30 1.FLT1EUR 2.GDDY 3.SHAK 4.DOORUSD 5.ALNY 6.CXPUSD 7.WING 8.CBB 9.DSX 10.WTWEUR
2017-03-31	18	$502.8M	55	1FLT1EUR 2DOORUSD 3GDDY Top holdings2017-03-31 1.FLT1EUR 2.DOORUSD 3.GDDY 4.WMS 5.ALNY 6.SHAK 7.WING 8.CNDT 9.DSX 10.AT
2016-12-31	16	$562.6M	32	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-12-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.98933Q 5.SHAK 6.WING 7.ALNY 8.AT 9.DSX 10.DLTH
2016-09-30	21	$697.4M	34	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-09-30 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.PLAY 6.98933Q 7.WING 8.SHAK 9.AT 10.DLTH
2016-06-30	20	$620.0M	28	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-06-30 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.SHAK 6.WING 7.CMG 8.AT 9.FITEUR 10.98933Q
2016-03-31	19	$719.5M	49	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-03-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.CMG 5.ALNY 6.PODD 7.SHAK 8.Y0017S 9.FITEUR 10.WING
2015-12-31	17	$700.7M	28	1FLT1EUR 2WMS 3DOORUSD Top holdings2015-12-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.400110 6.Y0017S 7.WING 8.DSX 9.Y2069P 10.AT
2015-09-30	17	$685.3M	37	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-09-30 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALNY 5.Y0017S 6.Y2069P 7.DSX 8.400110 9.GLUU 10.G87210
2015-06-30	18	$875.8M	21	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-06-30 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALNY 5.Y0017S 6.ALLE 7.G87210 8.Y2069P 9.DSX 10.AT
2015-03-31	17	$898.8M	24	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-03-31 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALLE 5.ALNY 6.Y0017S 7.G87210 8.Y2069P 9.CWST 10.DSX
2014-12-31	16	$806.2M	40	1FLT1EUR 2DOORUSD 3WMS Top holdings2014-12-31 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALLE 5.ALNY 6.G87210 7.Y0017S 8.Y2069P 9.76132B 10.DSX
2014-09-30	23	$856.9M	74	1FLT1EUR 2DOORUSD3G87210 Top holdings2014-09-30 1.FLT1EUR 2.DOORUSD 3.G87210 4.095180 5.ALNY 6.ASCMA 7.ALLE 8.Y2069P 9.76132B 10.WMS
2014-06-30	16	$780.2M	58	1FLT1EUR 2DOORUSD 3TRIP Top holdings2014-06-30 1.FLT1EUR 2.DOORUSD 3.TRIP 4.G87210 5.951801 6.ALLE 7.436321 8.45166R 9.SHEN 10.Y0017S
2014-03-31	17	$625.7M	21	1FLT1EUR 2DOORUSD3G87210 Top holdings2014-03-31 1.FLT1EUR 2.DOORUSD 3.G87210 4.ASCMA 5.095180 6.SHEN 7.ALLE 8.NA 9.Y0017S 10.LBYYQ
2013-12-31	14	$627.9M	34	1FLT1EUR 2DOORUSD3G87210 Top holdings2013-12-31 1.FLT1EUR 2.DOORUSD 3.G87210 4.095180 5.ASCMA 6.NA 7.SHEN 8.Y0017S 9.CWST 10.LBYYQ
2013-09-30	16	$699.8M	52	1FLT1EUR 2TRIP3G87210 Top holdings2013-09-30 1.FLT1EUR 2.TRIP 3.G87210 4.DOORUSD 5.ASCMA 6.MIC2EUR 7.095180 8.NA 9.Y0017S 10.CWST
2013-06-30	16	$629.7M	0	1FLT1EUR264118V3G87210 Top holdings2013-06-30 1.FLT1EUR 2.64118V 3.G87210 4.TRIP 5.MIC2EUR 6.ASCMA 7.095180 8.NA 9.Y0017S 10.LBYYQ

Holding changes this quarter

12 West Capital Management LP's most significant position changes for 2026-03-31: Sold out: Klaviyo Inc-a (KVYO); New buy: Warby Parker Inc-class A (WRBY); Sold out: Wingstop INC (WING); Sold out: Beta Bionics INC (BBNX); Sold out: First Watch Restaurant Group (FWRG).

Position changes disclosed by 12 West Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TBBB	BBB Foods Inc.	+4.3%	-3.17%	Trim
2	KRUS	Kura Sushi USA Inc-class A	+1.9%	-17.55%	Trim
3	HE	Hawaiian Electric Inds	+1.8%	-2.70%	Trim
4	AFRM	Affirm Holdings INC	+1%	+52.86%	Add
5	NU	Nu Holdings Ltd.	+0.1%	—	Unchanged
6	MRVI	Maravai Lifesciences Hldgs-a	0%	-18.62%	Trim
7	NET	Cloudflare INC - Class A	-0.2%	-36.36%	Trim
8	GDS	Gds Holdings LTD - Adr	-0.3%	-39.85%	Trim
9	SHAK	Shake Shack INC - Class A	-0.4%	-36.67%	Trim
10	RGEN	Repligen CORP	-0.9%	-20.73%	Trim
11	RBLX	Roblox CORP -class A	-1.1%	-9.52%	Trim
12	TOST	Toast Inc-class A	-2.2%	-32.47%	Trim
13	KVYO	Klaviyo Inc-a	—	EXIT	Sold out
14	WRBY	Warby Parker Inc-class A	—	NEW	New buy
15	WING	Wingstop INC	—	EXIT	Sold out
16	BBNX	Beta Bionics INC	—	EXIT	Sold out
17	FWRG	First Watch Restaurant Group	—	EXIT	Sold out
18	HTFL	Heartflow INC	—	NEW	New buy
19	SHOP	Shopify INC - Class A	—	NEW	New buy
20	OFRM	Once Upon A Farm Pbc	—	NEW	New buy
21	CPNG	Coupang INC	—	EXIT	Sold out
22	ELF	Elf Beauty INC	—	NEW	New buy
23	OSCR	Oscar Health INC - Class A	—	EXIT	Sold out
24	AEHR	Aehr Test Systems	—	NEW	New buy
25	CRWV	Coreweave Inc-cl A	—	NEW	New buy
26	ACMR	Acm Research Inc-class A	—	NEW	New buy

FAQ

What is 12 West Capital Management LP and what type of investor is it?

12 West Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $592.4M, spread across 20 disclosed positions.

What are 12 West Capital Management LP's largest equity positions?

Based on the latest 13F filing, 12 West Capital Management LP's top holdings by market value are: 1. Shake Shack INC - Class A (SHAK) — $110.0M (18.6%) 2. Gds Holdings LTD - Adr (GDS) — $103.8M (17.5%) 3. BBB Foods Inc. (TBBB) — $80.9M (13.7%) 4. Roblox CORP -class A (RBLX) — $53.7M (9.1%) 5. Toast Inc-class A (TOST) — $33.1M (5.6%)

What changes did 12 West Capital Management LP make in its most recent portfolio filing?

In the latest reported quarter, 12 West Capital Management LP made 25 notable position adjustments: 8 new positions were initiated, 1 existing holdings were added to, 10 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Klaviyo Inc-a (KVYO); New buy: Warby Parker Inc-class A (WRBY); Sold out: Wingstop INC (WING); Sold out: Beta Bionics INC (BBNX); Sold out: First Watch Restaurant Group (FWRG)

What sectors does 12 West Capital Management LP focus on?

12 West Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 36.0% • Information Technology: 20.1% • Communication Services: 17.6% • Financials: 8.9% • Utilities: 8.7% • Health Care: 7.4%

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12 West Capital Management LP Institutional Portfolio (13F)

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$592.4M

Reporting period: 2026-03-31 · Number of holdings: 20

12 West Capital Management LP disclosed 20 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $592.4M and a quarterly turnover rate of 54.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "0-9"

Personality snowflake

Concentration: 43.53
Portfolio Stability: 54.05
Momentum/Contrarian: 100
Sector conviction: 66.53
Diversification: 40
Sizing Uniformity: 88.87

Recent moves

Add TBBB
-3.2%　$2.0M
Trim TOST
-32.5%　-$32.5M
Add KRUS
-17.5%　$2.8M
Add HE
-2.7%　$4.0M
Trim RBLX
-9.5%　-$31.3M
Add AFRM
+52.9%　-$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SHAK	Shake Shack INC - Class A	Stock-Consumer Disc	18.57%	-0.41%	-36.67%
2	GDS	Gds Holdings LTD - Adr	Stock-Other	17.52%	-0.28%	-39.85%
3	TBBB	BBB Foods Inc.	Stock-Other	13.66%	+4.26%	-3.17%
4	RBLX	Roblox CORP -class A	Stock-Comm Services	9.07%	-1.06%	-9.52%
5	TOST	Toast Inc-class A	Stock-Tech	5.58%	-2.23%	-32.47%
6	KRUS	Kura Sushi USA Inc-class A	Stock-Other	5.26%	+1.89%	-17.55%
7	WRBY	Warby Parker Inc-class A	Stock-Other	4.64%	+4.64%	NEW
8	HE	Hawaiian Electric Inds	Stock-Utilities	4.51%	+1.80%	-2.70%
9	AFRM	Affirm Holdings INC	Stock-Financials	4.14%	+1.04%	+52.86%
10	RGEN	Repligen CORP	Stock-Healthcare	3.80%	-0.91%	-20.73%
11	NET	Cloudflare INC - Class A	Stock-Tech	3.66%	-0.21%	-36.36%
12	MRVI	Maravai Lifesciences Hldgs-a	Stock-Other	3.47%	+0.02%	-18.62%
13	HTFL	Heartflow INC	Stock-Other	2.63%	+2.63%	NEW
14	SHOP	Shopify INC - Class A	Stock-Tech	1.04%	+1.04%	NEW
15	OFRM	Once Upon A Farm Pbc	Stock-Other	1.01%	+1.01%	NEW
16	ELF	Elf Beauty INC	Stock-Consumer Staples	0.72%	+0.72%	NEW
17	NU	Nu Holdings Ltd.	Stock-Financials	0.45%	+0.08%	—
18	AEHR	Aehr Test Systems	Stock-Other	0.14%	+0.14%	NEW
19	CRWV	Coreweave Inc-cl A	Stock-Tech	0.09%	+0.09%	NEW
20	ACMR	Acm Research Inc-class A	Stock-Other	0.04%	+0.04%	NEW

Portfolio Performance

Performance for Q3 2026

-15.5%

Performance Last 4 Quarters

-23.7%

Based on 48% of reported portfolio value with available pricing

Stdev: +35.1%
Beta: +1.43
Alpha: -28.4%
Max Drawdown: -32.8%
Annualized Perf: -5.3%
Batting Avg vs S&P: +42.9%
Sortino: +0.02
Stutzer: 0
Treynor: 0
Sterling: -0.18
Calmar: -0.16
Information Ratio: -0.68
Tracking Error: +29.1%
Stdev Down: +22.5%
Winning Months %: +53.6%
Losing Months %: +46.4%
Best 12 Months: +62.4%
Worst 12 Months: -32.8%
Efficiency Ratio: +0.05
Sharpe: +0.01
Stdev Sectors: +10.6%
Skewness: +0.51
Kurtosis: -0.06
Upside Potential: +2.11

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	20	$592.4M	54	1SHAK 2GDS 3TBBB Top holdings2026-03-31 1.SHAK 2.GDS 3.TBBB 4.RBLX 5.TOST 6.KRUS 7.WRBY 8.HE 9.AFRM 10.RGEN
2025-12-31	18	$839.7M	28	1SHAK 2GDS 3RBLX Top holdings2025-12-31 1.SHAK 2.GDS 3.RBLX 4.TBBB 5.TOST 6.KVYO 7.RGEN 8.NET 9.MRVI 10.KRUS
2025-09-30	17	$964.1M	40	1GDS 2SHAK 3RBLX Top holdings2025-09-30 1.GDS 2.SHAK 3.RBLX 4.TBBB 5.TOST 6.KVYO 7.U 8.MRVI 9.NET 10.KRUS
2025-06-30	17	$945.5M	0	1SHAK 2GDS 3RBLX Top holdings2025-06-30 1.SHAK 2.GDS 3.RBLX 4.TOST 5.TBBB 6.KRUS 7.KVYO 8.WING 9.NET 10.MRVI
2025-03-31	17	$677.6M	100	1SHAK 2GDS 3RBLX Top holdings2025-03-31 1.SHAK 2.GDS 3.RBLX 4.TBBB 5.TOST 6.RGEN 7.KRUS 8.MRVI 9.WING 10.FWRG
2024-12-31	16	$954.6M	0	1SHAK 2GDS 3RBLX Top holdings2024-12-31 1.SHAK 2.GDS 3.RBLX 4.TOST 5.MRVI 6.KRUS 7.TBBB 8.DDOG 9.FWRG 10.RGEN
2024-09-30	17	$977.4M	0	1SHAK 2RBLX 3MRVI Top holdings2024-09-30 1.SHAK 2.RBLX 3.MRVI 4.GDS 5.TOST 6.SE 7.KRUS 8.RGEN 9.DDOG 10.FWRG
2024-06-30	19	$972.7M	0	1SHAK 2GO 3RBLX Top holdings2024-06-30 1.SHAK 2.GO 3.RBLX 4.PCOR 5.TOST 6.MRVI 7.GDS 8.SE 9.DDOG 10.RGEN
2024-03-31	25	$1.1B	0	1SHAK 2PCOR 3MRVI Top holdings2024-03-31 1.SHAK 2.PCOR 3.MRVI 4.GO 5.TOST 6.RBLX 7.KRUS 8.RGEN 9.SE 10.ISRG
2023-12-31	20	$1.1B	0	1PCOR 2RBLX 3SHAK Top holdings2023-12-31 1.PCOR 2.RBLX 3.SHAK 4.TOST 5.MRVI 6.RGEN 7.SE 8.DDOG 9.GDS 10.SMARGBP
2023-09-30	24	$1.1B	0	1PCOR 2SHAK 3RBLX Top holdings2023-09-30 1.PCOR 2.SHAK 3.RBLX 4.TOST 5.SMARGBP 6.RGEN 7.MRVI 8.8QR 9.GDS 10.APPF
2023-06-30	23	$1.2B	0	1PCOR 2RBLX 3TOST Top holdings2023-06-30 1.PCOR 2.RBLX 3.TOST 4.8QR 5.SHAK 6.RGEN 7.SMARGBP 8.GDS 9.APPF 10.DDOG
2023-03-31	24	$1.2B	0	1PCOR 2RBLX 3GDS Top holdings2023-03-31 1.PCOR 2.RBLX 3.GDS 4.RGEN 5.SMARGBP 6.SHAK 7.TOST 8.8QR 9.CXM 10.APPF
2022-12-31	21	$989.4M	0	1PCOR 2GDS 3RGEN Top holdings2022-12-31 1.PCOR 2.GDS 3.RGEN 4.RBLX 5.TOST 6.SMARGBP 7.SHAK 8.CXM 9.8QR 10.APPF
2022-09-30	20	$1.1B	0	1PCOR 2RGEN 3GDS Top holdings2022-09-30 1.PCOR 2.RGEN 3.GDS 4.RBLX 5.SMARGBP 6.TOST 7.SHAK 8.CXM 9.SE 10.8QR
2022-06-30	22	$1.2B	0	1GDS 2PCOR 3RGEN Top holdings2022-06-30 1.GDS 2.PCOR 3.RGEN 4.RBLX 5.CXM 6.SE 7.SHAK 8.TXG 9.SMARGBP 10.SPT
2022-03-31	22	$1.6B	0	1GDS 2TXG 3PCOR Top holdings2022-03-31 1.GDS 2.TXG 3.PCOR 4.RGEN 5.SHAK 6.SE 7.RBLX 8.CXM 9.SMARGBP 10.8QR
2021-12-31	19	$2.3B	0	1RBLX 2GDS 3TXG Top holdings2021-12-31 1.RBLX 2.GDS 3.TXG 4.RGEN 5.PCOR 6.SHAK 7.SMARGBP 8.8QR 9.CXM 10.ASAN
2021-09-30	17	$2.2B	0	1GDS 2RGEN 3RBLX Top holdings2021-09-30 1.GDS 2.RGEN 3.RBLX 4.TXG 5.SHAK 6.ASAN 7.PCOR 8.SMARGBP 9.SPT 10.XYZ
2021-06-30	15	$2.4B	22	1GDS 2TXG 3SHAK Top holdings2021-06-30 1.GDS 2.TXG 3.SHAK 4.RGEN 5.RBLX 6.ASAN 7.PCOR 8.SMARGBP 9.XYZ 10.SPT
2021-03-31	14	$2.1B	34	1GDS 2TXG 3SHAK Top holdings2021-03-31 1.GDS 2.TXG 3.SHAK 4.RGEN 5.SMARGBP 6.XYZ 7.RBLX 8.ASAN 9.SPT 10.68269G
2020-12-31	14	$2.3B	25	1GDS 2TXG 3SMARGBP Top holdings2020-12-31 1.GDS 2.TXG 3.SMARGBP 4.SHAK 5.RGEN 6.XYZ 7.ALNY 8.FLT1EUR 9.SPT 10.68269G
2020-09-30	17	$2.1B	26	1GDS 2TXG 3SHAK Top holdings2020-09-30 1.GDS 2.TXG 3.SHAK 4.SMARGBP 5.RGEN 6.ALNY 7.XYZ 8.INSP 9.FLT1EUR 10.68269G
2020-06-30	16	$1.9B	47	1GDS 2SMARGBP 3SHAK Top holdings2020-06-30 1.GDS 2.SMARGBP 3.SHAK 4.RGEN 5.TXG 6.ALNY 7.GDDY 8.FLT1EUR 9.INSP 10.WORK
2020-03-31	18	$1.7B	33	1GDS 2GDDY 3SMARGBP Top holdings2020-03-31 1.GDS 2.GDDY 3.SMARGBP 4.RGEN 5.SHAK 6.ALNY 7.SE 8.FLT1EUR 9.FIVE 10.INSP
2019-12-31	14	$1.6B	40	1GDS 2GDDY 3SMARGBP Top holdings2019-12-31 1.GDS 2.GDDY 3.SMARGBP 4.SHAK 5.ALNY 6.RGEN 7.FLT1EUR 8.GWRE 9.WORK 10.FNKO
2019-09-30	15	$1.6B	19	1GDS 2SHAK 3GDDY Top holdings2019-09-30 1.GDS 2.SHAK 3.GDDY 4.SMARGBP 5.FLT1EUR 6.ALNY 7.RGEN 8.TECH 9.RNG 10.LAUR
2019-06-30	15	$1.3B	21	1GDS 2GDDY 3SHAK Top holdings2019-06-30 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.TECH 6.ALNY 7.SMARGBP 8.WORK 9.LAUR 10.RNG
2019-03-31	14	$1.2B	38	1GDS 2GDDY 3SHAK Top holdings2019-03-31 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.ALNY 6.TECH 7.SMARGBP 8.LAUR 9.RNG 10.MED
2018-12-31	16	$971.5M	40	1GDS 2GDDY 3SHAK Top holdings2018-12-31 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.LAUR 6.ALNY 7.TECH 8.RNG 9.ROKU 10.SMARGBP
2018-09-30	20	$1.4B	46	1GDS 2GDDY 3SHAK Top holdings2018-09-30 1.GDS 2.GDDY 3.SHAK 4.FLT1EUR 5.ALNY 6.LAUR 7.POST 8.WTWEUR 9.TECH 10.ROKU
2018-06-30	22	$1.2B	43	1GDS 2SHAK 3GDDY Top holdings2018-06-30 1.GDS 2.SHAK 3.GDDY 4.WTWEUR 5.FLT1EUR 6.ALNY 7.LAUR 8.POST 9.CXPUSD 10.FIZZ
2018-03-31	19	$909.4M	37	1GDDY 2FLT1EUR 3SHAK Top holdings2018-03-31 1.GDDY 2.FLT1EUR 3.SHAK 4.WTWEUR 5.GDS 6.ALNY 7.POST 8.LAUR 9.CXPUSD 10.EGHT
2017-12-31	18	$827.1M	27	1FLT1EUR 2SHAK 3GDDY Top holdings2017-12-31 1.FLT1EUR 2.SHAK 3.GDDY 4.ALNY 5.POST 6.LAUR 7.CXPUSD 8.WTWEUR 9.ORA 10.EGHT
2017-09-30	19	$715.1M	46	1FLT1EUR 2GDDY 3SHAK Top holdings2017-09-30 1.FLT1EUR 2.GDDY 3.SHAK 4.ALNY 5.POST 6.CXPUSD 7.LAUR 8.WING 9.ORA 10.WTWEUR
2017-06-30	16	$591.0M	61	1FLT1EUR 2GDDY 3SHAK Top holdings2017-06-30 1.FLT1EUR 2.GDDY 3.SHAK 4.DOORUSD 5.ALNY 6.CXPUSD 7.WING 8.CBB 9.DSX 10.WTWEUR
2017-03-31	18	$502.8M	55	1FLT1EUR 2DOORUSD 3GDDY Top holdings2017-03-31 1.FLT1EUR 2.DOORUSD 3.GDDY 4.WMS 5.ALNY 6.SHAK 7.WING 8.CNDT 9.DSX 10.AT
2016-12-31	16	$562.6M	32	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-12-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.98933Q 5.SHAK 6.WING 7.ALNY 8.AT 9.DSX 10.DLTH
2016-09-30	21	$697.4M	34	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-09-30 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.PLAY 6.98933Q 7.WING 8.SHAK 9.AT 10.DLTH
2016-06-30	20	$620.0M	28	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-06-30 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.SHAK 6.WING 7.CMG 8.AT 9.FITEUR 10.98933Q
2016-03-31	19	$719.5M	49	1FLT1EUR 2WMS 3DOORUSD Top holdings2016-03-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.CMG 5.ALNY 6.PODD 7.SHAK 8.Y0017S 9.FITEUR 10.WING
2015-12-31	17	$700.7M	28	1FLT1EUR 2WMS 3DOORUSD Top holdings2015-12-31 1.FLT1EUR 2.WMS 3.DOORUSD 4.ALNY 5.400110 6.Y0017S 7.WING 8.DSX 9.Y2069P 10.AT
2015-09-30	17	$685.3M	37	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-09-30 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALNY 5.Y0017S 6.Y2069P 7.DSX 8.400110 9.GLUU 10.G87210
2015-06-30	18	$875.8M	21	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-06-30 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALNY 5.Y0017S 6.ALLE 7.G87210 8.Y2069P 9.DSX 10.AT
2015-03-31	17	$898.8M	24	1FLT1EUR 2DOORUSD 3WMS Top holdings2015-03-31 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALLE 5.ALNY 6.Y0017S 7.G87210 8.Y2069P 9.CWST 10.DSX
2014-12-31	16	$806.2M	40	1FLT1EUR 2DOORUSD 3WMS Top holdings2014-12-31 1.FLT1EUR 2.DOORUSD 3.WMS 4.ALLE 5.ALNY 6.G87210 7.Y0017S 8.Y2069P 9.76132B 10.DSX
2014-09-30	23	$856.9M	74	1FLT1EUR 2DOORUSD3G87210 Top holdings2014-09-30 1.FLT1EUR 2.DOORUSD 3.G87210 4.095180 5.ALNY 6.ASCMA 7.ALLE 8.Y2069P 9.76132B 10.WMS
2014-06-30	16	$780.2M	58	1FLT1EUR 2DOORUSD 3TRIP Top holdings2014-06-30 1.FLT1EUR 2.DOORUSD 3.TRIP 4.G87210 5.951801 6.ALLE 7.436321 8.45166R 9.SHEN 10.Y0017S
2014-03-31	17	$625.7M	21	1FLT1EUR 2DOORUSD3G87210 Top holdings2014-03-31 1.FLT1EUR 2.DOORUSD 3.G87210 4.ASCMA 5.095180 6.SHEN 7.ALLE 8.NA 9.Y0017S 10.LBYYQ
2013-12-31	14	$627.9M	34	1FLT1EUR 2DOORUSD3G87210 Top holdings2013-12-31 1.FLT1EUR 2.DOORUSD 3.G87210 4.095180 5.ASCMA 6.NA 7.SHEN 8.Y0017S 9.CWST 10.LBYYQ
2013-09-30	16	$699.8M	52	1FLT1EUR 2TRIP3G87210 Top holdings2013-09-30 1.FLT1EUR 2.TRIP 3.G87210 4.DOORUSD 5.ASCMA 6.MIC2EUR 7.095180 8.NA 9.Y0017S 10.CWST
2013-06-30	16	$629.7M	0	1FLT1EUR264118V3G87210 Top holdings2013-06-30 1.FLT1EUR 2.64118V 3.G87210 4.TRIP 5.MIC2EUR 6.ASCMA 7.095180 8.NA 9.Y0017S 10.LBYYQ

Holding changes this quarter

Position changes disclosed by 12 West Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TBBB	BBB Foods Inc.	+4.3%	-3.17%	Trim
2	KRUS	Kura Sushi USA Inc-class A	+1.9%	-17.55%	Trim
3	HE	Hawaiian Electric Inds	+1.8%	-2.70%	Trim
4	AFRM	Affirm Holdings INC	+1%	+52.86%	Add
5	NU	Nu Holdings Ltd.	+0.1%	—	Unchanged
6	MRVI	Maravai Lifesciences Hldgs-a	0%	-18.62%	Trim
7	NET	Cloudflare INC - Class A	-0.2%	-36.36%	Trim
8	GDS	Gds Holdings LTD - Adr	-0.3%	-39.85%	Trim
9	SHAK	Shake Shack INC - Class A	-0.4%	-36.67%	Trim
10	RGEN	Repligen CORP	-0.9%	-20.73%	Trim
11	RBLX	Roblox CORP -class A	-1.1%	-9.52%	Trim
12	TOST	Toast Inc-class A	-2.2%	-32.47%	Trim
13	KVYO	Klaviyo Inc-a	—	EXIT	Sold out
14	WRBY	Warby Parker Inc-class A	—	NEW	New buy
15	WING	Wingstop INC	—	EXIT	Sold out
16	BBNX	Beta Bionics INC	—	EXIT	Sold out
17	FWRG	First Watch Restaurant Group	—	EXIT	Sold out
18	HTFL	Heartflow INC	—	NEW	New buy
19	SHOP	Shopify INC - Class A	—	NEW	New buy
20	OFRM	Once Upon A Farm Pbc	—	NEW	New buy
21	CPNG	Coupang INC	—	EXIT	Sold out
22	ELF	Elf Beauty INC	—	NEW	New buy
23	OSCR	Oscar Health INC - Class A	—	EXIT	Sold out
24	AEHR	Aehr Test Systems	—	NEW	New buy
25	CRWV	Coreweave Inc-cl A	—	NEW	New buy
26	ACMR	Acm Research Inc-class A	—	NEW	New buy