Dilation Capital Management LP

High-turnover traderSector-focusedContrarian

Total reported value

$199.2M

Reporting period: 2026-03-31 · Number of holdings: 20

Dilation Capital Management LP disclosed 20 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $199.2M and a quarterly turnover rate of 96.4%.

Personality snowflake

Concentration: 23.86
Portfolio Stability: 96.41
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 40
Sizing Uniformity: 95.49

Recent moves

Trim AFRM
-48.2%　-$10.9M
Add SHW
+62.1%　$5.7M
Trim AVGO
-46.2%　-$7.5M
Trim NVDA
-27.8%　-$7.4M
Add HWM
+25.6%　$3.2M
Trim BA
-11.0%　-$4.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BA	Boeing Co/the	Stock-Industrials	10.88%	-1.33%	-10.96%
2	NVDA	Nvidia CORP	Stock-Tech	7.70%	-2.75%	-27.80%
3	SHW	Sherwin-williams Co/the	Stock-Materials	7.66%	+3.28%	+62.09%
4	CLS	Celestica INC	Stock-Tech	7.11%	-0.66%	-12.02%
5	LITE	Lumentum Holdings INC	Stock-Tech	6.44%	+6.44%	NEW
6	CP	Canadian Pacific Kansas City	Stock-Industrials	6.32%	+1.11%	+4.07%
7	ECHO	Echostar Corp-a	Stock-Comm Services	6.00%	+6.00%	NEW
8	WMB	Williams Cos INC	Stock-Energy	5.50%	+5.50%	NEW
9	HWM	Howmet Aerospace INC	Stock-Industrials	5.44%	+1.91%	+25.55%
10	SNDK	Sandisk CORP	Stock-Tech	4.34%	+4.34%	NEW
11	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	4.32%	-0.39%	-24.38%
12	EWY	Ishares Msci South Korea ETF	ETF-Other	4.05%	+4.05%	NEW
13	GE	General Electric	Stock-Industrials	4.01%	+4.01%	NEW
14	ASML	ASML Holding N.V.	Stock-Tech	3.68%	+3.68%	NEW
15	WDC	Western Digital CORP	Stock-Tech	3.54%	+3.54%	NEW
16	AVGO	Broadcom INC	Stock-Tech	3.48%	-3.14%	-46.20%
17	LIN	Linde plc	Stock-Materials	3.15%	+3.15%	NEW
18	AFRM	Affirm Holdings INC	Stock-Financials	2.57%	-4.81%	-48.20%
19	HSIC	Henry Schein INC	Stock-Healthcare	2.21%	-0.55%	-24.70%
20	NBIS	Nebius Group NV	Stock-Other	1.57%	-0.57%	-45.74%

Portfolio Performance

Performance for Q3 2026

-5.4%

Performance Last 4 Quarters

+3.6%

Based on 67% of reported portfolio value with available pricing

Stdev: +27%
Beta: +1.7
Alpha: -11.7%
Max Drawdown: -12.9%
Annualized Perf: +17%
Batting Avg vs S&P: +47.1%
Sortino: +1.37
Stutzer: +0.21
Treynor: +0.11
Sterling: +0.74
Calmar: +1.32
Information Ratio: +0.06
Tracking Error: +16.5%
Stdev Down: +13.9%
Winning Months %: +58.8%
Losing Months %: +41.2%
Best 12 Months: +40.5%
Worst 12 Months: +3.6%
Efficiency Ratio: +0.25
Sharpe: +0.71
Stdev Sectors: +11.3%
Skewness: +0.56
Kurtosis: +0.16
Upside Potential: +3.23

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	20	$199.2M	96	1BA 2NVDA 3SHW Top holdings2026-03-31 1.BA 2.NVDA 3.SHW 4.CLS 5.LITE 6.CP 7.ECHO 8.WMB 9.HWM 10.SNDK
2025-12-31	19	$217.4M	44	1BA 2NVDA 3CLS Top holdings2025-12-31 1.BA 2.NVDA 3.CLS 4.AFRM 5.APP 6.KKR 7.AVGO 8.DHI 9.CP 10.TLN
2025-09-30	21	$201.8M	84	1BA 2NVDA 3DHI Top holdings2025-09-30 1.BA 2.NVDA 3.DHI 4.AFRM 5.CP 6.KKR 7.APP 8.CLS 9.TDG 10.AMRZ
2025-06-30	20	$187.7M	0	1BA 2NVDA 3CP Top holdings2025-06-30 1.BA 2.NVDA 3.CP 4.AFRM 5.CLS 6.MNDY 7.KKR 8.VST 9.M2682V 10.HWM
2025-03-31	15	$82.3M	0	1BA 2HWM 3CP Top holdings2025-03-31 1.BA 2.HWM 3.CP 4.KKR 5.TDG 6.NVDA 7.SHW 8.TEAM 9.VRT 10.AFRM
2024-12-31	20	$108.4M	0	1CP 2BA 3NVDA Top holdings2024-12-31 1.CP 2.BA 3.NVDA 4.TDG 5.MNDY 6.KKR 7.DDOG 8.HWM 9.TSM 10.TEAM

Holding changes this quarter

Dilation Capital Management LP's most significant position changes for 2026-03-31: Sold out: Applovin Corp-class A (APP); Sold out: Kkr & Co INC (KKR); New buy: Lumentum Holdings INC (LITE); New buy: Echostar Corp-a (ECHO); Sold out: Dr Horton INC (DHI).

Position changes disclosed by Dilation Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SHW	Sherwin-williams Co/the	+3.3%	+62.09%	Add
2	HWM	Howmet Aerospace INC	+1.9%	+25.55%	Add
3	CP	Canadian Pacific Kansas City	+1.1%	+4.07%	Add
4	TSM	Taiwan Semiconductor-sp Adr	-0.4%	-24.38%	Trim
5	HSIC	Henry Schein INC	-0.6%	-24.70%	Trim
6	NBIS	Nebius Group NV	-0.6%	-45.74%	Trim
7	CLS	Celestica INC	-0.7%	-12.02%	Trim
8	BA	Boeing Co/the	-1.3%	-10.96%	Trim
9	NVDA	Nvidia CORP	-2.8%	-27.80%	Trim
10	AVGO	Broadcom INC	-3.1%	-46.20%	Trim
11	AFRM	Affirm Holdings INC	-4.8%	-48.20%	Trim
12	APP	Applovin Corp-class A	—	EXIT	Sold out
13	KKR	Kkr & Co INC	—	EXIT	Sold out
14	LITE	Lumentum Holdings INC	—	NEW	New buy
15	ECHO	Echostar Corp-a	—	NEW	New buy
16	DHI	Dr Horton INC	—	EXIT	Sold out
17	WMB	Williams Cos INC	—	NEW	New buy
18	TLN	Talen Energy CORP	—	EXIT	Sold out
19	SNDK	Sandisk CORP	—	NEW	New buy
20	EWY	Ishares Msci South Korea ETF	—	NEW	New buy
21	GE	General Electric	—	NEW	New buy
22	ASML	ASML Holding N.V.	—	NEW	New buy
23	WDC	Western Digital CORP	—	NEW	New buy
24	LIN	Linde plc	—	NEW	New buy
25	TDG	Transdigm Group INC	—	EXIT	Sold out
26	CIEN	Ciena CORP	—	EXIT	Sold out
27	SPGI	S&p Global INC	—	EXIT	Sold out
28	AMRZ	Amrize Ltd	—	EXIT	Sold out

FAQ

What is Dilation Capital Management LP and what type of investor is it?

Dilation Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $199.2M, spread across 20 disclosed positions.

What are Dilation Capital Management LP's largest equity positions?

Based on the latest 13F filing, Dilation Capital Management LP's top holdings by market value are: 1. Boeing Co/the (BA) — $21.7M (10.9%) 2. Nvidia CORP (NVDA) — $15.3M (7.7%) 3. Sherwin-williams Co/the (SHW) — $15.3M (7.7%) 4. Celestica INC (CLS) — $14.2M (7.1%) 5. Lumentum Holdings INC (LITE) — $12.8M (6.4%)

What changes did Dilation Capital Management LP make in its most recent portfolio filing?

In the latest reported quarter, Dilation Capital Management LP made 28 notable position adjustments: 9 new positions were initiated, 3 existing holdings were added to, 8 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Applovin Corp-class A (APP); Sold out: Kkr & Co INC (KKR); New buy: Lumentum Holdings INC (LITE); New buy: Echostar Corp-a (ECHO); Sold out: Dr Horton INC (DHI)

What sectors does Dilation Capital Management LP focus on?

Dilation Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 45.8% • Industrials: 35.8% • Materials: 18.4%