Dilation Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Dilation Capital Management LP reported 20 stock positions worth $187.7 million. Its top holding was Boeing (BA) at 9.7% of the portfolio, followed by Nvidia (NVDA, 9.4%) and Canadian Pacific Kansas City (CP, 6.9%). Compared with Q1 2025, it opened 8 new positions, sold out of 3, added to 9 and reduced 3. The biggest buy was a new position in Celestica (CLS) and the biggest sale an exit from Vertiv Class A (VRT).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001922880
- Portfolio Value
- $187.7M (Q2 2025)
- SEC Filing
- 0001172661-25-003112 ↗ filed Aug 13, 2025
Holdings Value
Holdings 20 stocks · $187.7M
| BA The Boeing Co. | 9.67% | 86,599 | $18.1M | Add +26.3% |
| NVDA Nvidia Corp. | 9.38% | 111,411 | $17.6M | Add +104.5% |
| CP Canadian Pacific Kansas City | 6.89% | 163,164 | $12.9M | Add +33.6% |
| AFRM Affirm Holdings Inc. | 6.79% | 184,450 | $12.8M | Add +99.9% |
| CLS Celestica Inc. | 6.30% | 75,710 | $11.8M | New |
| MNDY Monday.com Ltd. | 5.96% | 35,590 | $11.2M | New |
| KKR KKR & Co. Inc. | 5.77% | 81,403 | $10.8M | Add +33.7% |
| VST Vistra Corp. | 5.73% | 55,509 | $10.8M | Add +124.1% |
| CYBR Cyberark Software Ltd./Israel | 5.71% | 26,350 | $10.7M | New |
| HWM Howmet Aerospace Inc. | 5.19% | 52,340 | $9.7M | Reduce -25.5% |
| TDG Transdigm Group Inc. | 5.06% | 6,243 | $9.5M | Add +44.7% |
| TLN Talen Energy Corp. | 4.75% | 30,682 | $8.9M | Add +88.8% |
| MGNI Magnite Inc. | 4.30% | 334,725 | $8.1M | New |
| APP AppLovin Corp. Class A | 3.77% | 20,220 | $7.1M | New |
| AVGO Broadcom Inc. | 3.14% | 21,380 | $5.9M | Add +167.9% |
| TEAM Atlassian Corp. Class A | 2.63% | 24,335 | $4.9M | Reduce -3.0% |
| SHW The Sherwin-Williams Co. | 2.59% | 14,141 | $4.9M | Reduce -12.6% |
| NBIS Nebius Group NV | 2.38% | 80,790 | $4.5M | New |
| AXON Axon Enterprise Inc. | 2.03% | 4,607 | $3.8M | New |
| FUN Six Flags Entertainment Corp. | 1.95% | 120,285 | $3.7M | New |
Portfolio Sells Q1 2025 → Q2 2025
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −6.07 |
| HWM Howmet Aerospace Inc. | Reduce -25.5% | 5.19% | −5.88 |
| SHW The Sherwin-Williams Co. | Reduce -12.6% | 2.59% | −4.28 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −3.93 |
| TEAM Atlassian Corp. Class A | Reduce -3.0% | 2.63% | −3.83 |
| APG Api Group Corp. | Sold out | 0.00% | −3.83 |
Portfolio Buys Q1 2025 → Q2 2025
| CLS Celestica Inc. | New | 6.30% | +6.30 |
| MNDY Monday.com Ltd. | New | 5.96% | +5.96 |
| CYBR Cyberark Software Ltd./Israel | New | 5.71% | +5.71 |
| MGNI Magnite Inc. | New | 4.30% | +4.30 |
| APP AppLovin Corp. Class A | New | 3.77% | +3.77 |
| NBIS Nebius Group NV | New | 2.38% | +2.38 |
| NVDA Nvidia Corp. | Add +104.5% | 9.38% | +2.20 |
| VST Vistra Corp. | Add +124.1% | 5.73% | +2.20 |
| AXON Axon Enterprise Inc. | New | 2.03% | +2.03 |
| FUN Six Flags Entertainment Corp. | New | 1.95% | +1.95 |
| AFRM Affirm Holdings Inc. | Add +99.9% | 6.79% | +1.73 |
| AVGO Broadcom Inc. | Add +167.9% | 3.14% | +1.52 |
| TLN Talen Energy Corp. | Add +88.8% | 4.75% | +0.81 |
| TDG Transdigm Group Inc. | Add +44.7% | 5.06% | −2.19 |
| KKR KKR & Co. Inc. | Add +33.7% | 5.77% | −2.78 |
| CP Canadian Pacific Kansas City | Add +33.6% | 6.89% | −3.53 |
| BA The Boeing Co. | Add +26.3% | 9.67% | −4.54 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $247.8M | BA, SNDK, TKR, GE, SHW |
| Q1 2026 | 20 | $199.2M | BA, NVDA, SHW, CLS, LITE |
| Q4 2025 | 19 | $217.4M | BA, NVDA, CLS, AFRM, APP |
| Q3 2025 | 21 | $201.8M | BA, NVDA, DHI, AFRM, CP |
| Q2 2025 | 20 | $187.7M | BA, NVDA, CP, AFRM, CLS |
| Q1 2025 | 15 | $82.3M | BA, HWM, CP, KKR, TDG |
| Q4 2024 | 20 | $108.4M | CP, BA, NVDA, TDG, MNDY |