Hedge Fund 12 West Capital Management Acquires 1.9 Million Shares of Utility Stock Hawaiian Electric Industries

12 West Capital Management, a hedge fund, has acquired 1.85 million shares of Hawaiian Electric Industries, a utility stock, valued at $22.75 million. The stake represents 2.71% of the fund's reportable assets under management. Hawaiian Electric's shares have risen 29.9% over the past year, driven by growth in the AI industry and subsequent demand for electricity to power data centers.