Managers / Q2 2025 · view latest →
Dilation Capital Management LP
CIK 0001922880 · 767 FIFTH AVENUE, 18TH FLOOR, NEW YORK, NY, 10153 · 917-912-5665
Summary
Dilation Capital Management LP reported $188M in U.S.-listed holdings across 20 positions for Q2 2025.
Its largest position, BA, represents 9.7% of the portfolio.
Compared with Q1 2025, the fund opened 8 new positions and exited 3.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 85.9% · $161M
- Other · 14.1% · $26M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CLSCELESTICA INC | NEW | +75.7K | 75.7K | +$12M | $12M |
| MONDAY COM LTD | NEW | +35.6K | 35.6K | +$11M | $11M |
| CYBERARK SOFTWARE LTD | NEW | +26.4K | 26.4K | +$11M | $11M |
| MGNIMAGNITE INC | NEW | +334.7K | 334.7K | +$8M | $8M |
| APPAPPLOVIN CORP | NEW | +20.2K | 20.2K | +$7M | $7M |
| NEBIUS GROUP N.V. | NEW | +80.8K | 80.8K | +$4M | $4M |
| AXONAXON ENTERPRISE INC | NEW | +4.6K | 4.6K | +$4M | $4M |
| FUNSIX FLAGS ENTERTAINMENT CORP | NEW | +120.3K | 120.3K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABOEING COhistory → | COM | 9.67% | $18M | 86.6K |
| 2 | NVDANVIDIA CORPORATIONhistory → | COM | 9.38% | $18M | 111.4K |
| 3 | CPCANADIAN PACIFIC KANSAS CITYhistory → | COM | 6.89% | $13M | 163.2K |
| 4 | AFRMAFFIRM HLDGS INChistory → | COM CL A | 6.79% | $13M | 184.4K |
| 5 | CLSCELESTICA INChistory → | COM | 6.30% | $12M | 75.7K |
| 6 | MONDAY COM LTD | SHS | 5.96% | $11M | 35.6K |
| 7 | KKRKKR & CO INChistory → | COM | 5.77% | $11M | 81.4K |
| 8 | VSTVISTRA CORPhistory → | COM | 5.73% | $11M | 55.5K |
| 9 | CYBERARK SOFTWARE LTD | SHS | 5.71% | $11M | 26.4K |
| 10 | HWMHOWMET AEROSPACE INChistory → | COM | 5.19% | $10M | 52.3K |
| 11 | T7DTRANSDIGM GROUP INChistory → | COM | 5.06% | $9M | 6.2K |
| 12 | TLNTALEN ENERGY CORPhistory → | COM | 4.75% | $9M | 30.7K |
| 13 | MGNIMAGNITE INChistory → | COM | 4.30% | $8M | 334.7K |
| 14 | APPAPPLOVIN CORPhistory → | COM CL A | 3.77% | $7M | 20.2K |
| 15 | AVGOBROADCOM INChistory → | COM | 3.14% | $6M | 21.4K |
| 16 | TEAM1EURATLASSIAN CORPORATIONhistory → | CL A | 2.63% | $5M | 24.3K |
| 17 | SHWSHERWIN WILLIAMS COhistory → | COM | 2.59% | $5M | 14.1K |
| 18 | NEBIUS GROUP N.V. | SHS CLASS A | 2.38% | $4M | 80.8K |
| 19 | AXONAXON ENTERPRISE INChistory → | COM | 2.03% | $4M | 4.6K |
| 20 | FUNSIX FLAGS ENTERTAINMENT CORPhistory → | COM | 1.95% | $4M | 120.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $199M | 20 | Apr 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $217M | 19 | Feb 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $202M | 21 | Oct 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $188M | 20 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $82M | 15 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $108M | 20 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.