12 West Capital Buys 1.85M Hawaiian Electric Shares
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- 12 West Capital Management disclosed a new 1,850,000-share position in Hawaiian Electric Industries in a February 17, 2026 SEC filing, valued at an estimated $22.75 million based on Q4 2025 average pricing.
- The stake represents 2.71% of the New York-based hedge fund's 13F reportable assets under management, and the filing confirms it was a brand-new position rather than an addition to an existing one.
- Hawaiian Electric Industries shares were trading at $14.28 as of March 19, 2026, up 29.9% over the prior year; the source notes a recent pullback tied to growing local opposition to data center development.
- 12 West's remaining top holdings are concentrated in growth and tech names, led by Shake Shack at $159.39 million (19.0% of AUM), GDS Holdings at $149.50 million (17.8%), Roblox at $85.08 million (10.1%), BBB Foods at $78.89 million (9.4%), and Toast at $65.62 million (7.8%).
- Hawaiian Electric Industries is a diversified holding company running regulated electric utilities, a community bank, and renewable energy investments across multiple Hawaiian islands, serving residential, commercial, military, and agricultural customers.
Why it matters: The fund allocated 2.71% of its 13F AUM to Hawaiian Electric — its only utility position — alongside growth-heavy top holdings like Roblox, Toast, and GDS. The utility is up 29.9% over the past year but has pulled back recently amid local opposition to data center expansion, giving 12 West a softer entry than the Q4 2025 average.
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