Dilation Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Dilation Capital Management LP reported 21 stock positions worth $201.8 million. Its top holding was Boeing (BA) at 12.1% of the portfolio, followed by Nvidia (NVDA, 9.0%) and D.R. Horton (DHI, 6.6%). Compared with Q2 2025, it opened 6 new positions, sold out of 5, added to 7 and reduced 8. The biggest buy was a new position in D.R. Horton (DHI) and the biggest sale an exit from Monday.com (MNDY).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001922880
- Portfolio Value
- $201.8M (Q3 2025)
- SEC Filing
- 0001172661-25-004492 ↗ filed Oct 30, 2025
Holdings Value
Holdings 21 stocks · $201.8M
| BA The Boeing Co. | 12.09% | 113,002 | $24.4M | Add +30.5% |
| NVDA Nvidia Corp. | 9.04% | 97,796 | $18.2M | Reduce -12.2% |
| DHI D.R. Horton Inc. | 6.64% | 79,015 | $13.4M | New |
| AFRM Affirm Holdings Inc. | 6.50% | 179,403 | $13.1M | Reduce -2.7% |
| CP Canadian Pacific Kansas City | 6.29% | 170,269 | $12.7M | Add +4.3% |
| KKR KKR & Co. Inc. | 5.89% | 91,378 | $11.9M | Add +12.3% |
| APP AppLovin Corp. Class A | 5.40% | 15,162 | $10.9M | Reduce -25.0% |
| CLS Celestica Inc. | 5.38% | 44,095 | $10.9M | Reduce -41.8% |
| TDG Transdigm Group Inc. | 5.12% | 7,843 | $10.3M | Add +25.6% |
| AMRZ Amrize Ltd. | 4.96% | 206,280 | $10.0M | New |
| AVGO Broadcom Inc. | 4.47% | 27,364 | $9.0M | Add +28.0% |
| SHW The Sherwin-Williams Co. | 3.90% | 22,746 | $7.9M | Add +60.9% |
| NBIS Nebius Group NV | 3.75% | 67,360 | $7.6M | Reduce -16.6% |
| COIN Coinbase Global Inc. Class A | 3.33% | 19,935 | $6.7M | New |
| HWM Howmet Aerospace Inc. | 3.16% | 32,455 | $6.4M | Reduce -38.0% |
| AXON Axon Enterprise Inc. | 2.70% | 7,596 | $5.5M | Add +64.9% |
| MGNI Magnite Inc. | 2.65% | 245,900 | $5.4M | Reduce -26.5% |
| HSIC Henry Schein Inc. | 2.53% | 76,920 | $5.1M | New |
| TLN Talen Energy Corp. | 2.53% | 11,997 | $5.1M | Reduce -60.9% |
| ORCL Oracle Corp. | 2.24% | 16,080 | $4.5M | New |
| CIEN Ciena Corp. | 1.42% | 19,623 | $2.9M | New |
Portfolio Sells Q2 2025 → Q3 2025
| MNDY Monday.com Ltd. | Sold out | 0.00% | −5.96 |
| VST Vistra Corp. | Sold out | 0.00% | −5.73 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −5.71 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −2.63 |
| TLN Talen Energy Corp. | Reduce -60.9% | 2.53% | −2.22 |
| HWM Howmet Aerospace Inc. | Reduce -38.0% | 3.16% | −2.03 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −1.95 |
| MGNI Magnite Inc. | Reduce -26.5% | 2.65% | −1.65 |
| CLS Celestica Inc. | Reduce -41.8% | 5.38% | −0.91 |
| NVDA Nvidia Corp. | Reduce -12.2% | 9.04% | −0.33 |
| AFRM Affirm Holdings Inc. | Reduce -2.7% | 6.50% | −0.30 |
| NBIS Nebius Group NV | Reduce -16.6% | 3.75% | +1.37 |
| APP AppLovin Corp. Class A | Reduce -25.0% | 5.40% | +1.63 |
Portfolio Buys Q2 2025 → Q3 2025
| DHI D.R. Horton Inc. | New | 6.64% | +6.64 |
| AMRZ Amrize Ltd. | New | 4.96% | +4.96 |
| COIN Coinbase Global Inc. Class A | New | 3.33% | +3.33 |
| HSIC Henry Schein Inc. | New | 2.53% | +2.53 |
| BA The Boeing Co. | Add +30.5% | 12.09% | +2.42 |
| ORCL Oracle Corp. | New | 2.24% | +2.24 |
| CIEN Ciena Corp. | New | 1.42% | +1.42 |
| AVGO Broadcom Inc. | Add +28.0% | 4.47% | +1.33 |
| SHW The Sherwin-Williams Co. | Add +60.9% | 3.90% | +1.32 |
| AXON Axon Enterprise Inc. | Add +64.9% | 2.70% | +0.67 |
| KKR KKR & Co. Inc. | Add +12.3% | 5.89% | +0.12 |
| TDG Transdigm Group Inc. | Add +25.6% | 5.12% | +0.07 |
| CP Canadian Pacific Kansas City | Add +4.3% | 6.29% | −0.60 |
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 |