Dilation Capital Management LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Dilation Capital Management LP reported 20 stock positions worth $199.2 million. Its top holding was Boeing (BA) at 10.9% of the portfolio, followed by Nvidia (NVDA, 7.7%) and Sherwin-Williams (SHW, 7.7%). Compared with Q4 2025, it opened 9 new positions, sold out of 8, added to 3 and reduced 8. The biggest buy was a new position in Lumentum (LITE) and the biggest sale an exit from AppLovin Class A (APP).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001922880
- Portfolio Value
- $199.2M (Q1 2026)
- SEC Filing
- 0001172661-26-001558 ↗ filed Apr 29, 2026
Holdings Value
Holdings 20 stocks · $199.2M
| BA The Boeing Co. | 10.88% | 108,877 | $21.7M | Reduce -11.0% |
| NVDA Nvidia Corp. | 7.70% | 87,981 | $15.3M | Reduce -27.8% |
| SHW The Sherwin-Williams Co. | 7.66% | 47,590 | $15.3M | Add +62.1% |
| CLS Celestica Inc. | 7.11% | 50,267 | $14.2M | Reduce -12.0% |
| LITE Lumentum Holdings Inc. | 6.44% | 18,257 | $12.8M | New |
| CP Canadian Pacific Kansas City | 6.32% | 160,102 | $12.6M | Add +4.1% |
| ECHO Echostar Corp. Class A | 6.00% | 102,135 | $12.0M | New |
| WMB Williams Cos Inc. | 5.50% | 150,605 | $11.0M | New |
| HWM Howmet Aerospace Inc. | 5.44% | 47,001 | $10.8M | Add +25.6% |
| SNDK Sandisk Corp. | 4.34% | 13,615 | $8.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 4.32% | 25,475 | $8.6M | Reduce -24.4% |
| EWY iShares MSCI South Korea ETF | 4.05% | 65,572 | $8.1M | New |
| GE General Electric filed as GE AEROSPACE | 4.01% | 28,115 | $8.0M | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 3.68% | 5,555 | $7.3M | New |
| WDC Western Digital Corp. | 3.54% | 26,090 | $7.1M | New |
| AVGO Broadcom Inc. | 3.48% | 22,379 | $6.9M | Reduce -46.2% |
| LIN Linde PLC | 3.15% | 12,645 | $6.3M | New |
| AFRM Affirm Holdings Inc. | 2.57% | 111,717 | $5.1M | Reduce -48.2% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 2.21% | 59,841 | $4.4M | Reduce -24.7% |
| NBIS Nebius Group NV | 1.57% | 30,212 | $3.1M | Reduce -45.7% |
Portfolio Sells Q4 2025 → Q1 2026
| APP AppLovin Corp. Class A | Sold out | 0.00% | −6.89 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −6.66 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −5.23 |
| AFRM Affirm Holdings Inc. | Reduce -48.2% | 2.57% | −4.81 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −4.76 |
| AVGO Broadcom Inc. | Reduce -46.2% | 3.48% | −3.14 |
| NVDA Nvidia Corp. | Reduce -27.8% | 7.70% | −2.75 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −2.67 |
| CIEN Ciena Corp. | Sold out | 0.00% | −2.60 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −2.12 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −1.90 |
| BA The Boeing Co. | Reduce -11.0% | 10.88% | −1.33 |
| CLS Celestica Inc. | Reduce -12.0% | 7.11% | −0.66 |
| NBIS Nebius Group NV | Reduce -45.7% | 1.57% | −0.57 |
| HSIC Henry Schein Inc. | Reduce -24.7% | 2.21% | −0.55 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.4% | 4.32% | −0.39 |
Portfolio Buys Q4 2025 → Q1 2026
| LITE Lumentum Holdings Inc. | New | 6.44% | +6.44 |
| ECHO Echostar Corp. Class A | New | 6.00% | +6.00 |
| WMB Williams Cos Inc. | New | 5.50% | +5.50 |
| SNDK Sandisk Corp. | New | 4.34% | +4.34 |
| EWY iShares MSCI South Korea ETF | New | 4.05% | +4.05 |
| GE General Electric | New | 4.01% | +4.01 |
| ASML ASML Holding NV-NY Reg SHS | New | 3.68% | +3.68 |
| WDC Western Digital Corp. | New | 3.54% | +3.54 |
| SHW The Sherwin-Williams Co. | Add +62.1% | 7.66% | +3.28 |
| LIN Linde PLC | New | 3.15% | +3.15 |
| HWM Howmet Aerospace Inc. | Add +25.6% | 5.44% | +1.91 |
| CP Canadian Pacific Kansas City | Add +4.1% | 6.32% | +1.11 |
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 |