# Dilation Capital Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1922880. Source: https://holderbook.com/funds/1922880-dilation-capital-management-lp/

- Reported value: $247.8M
- Positions: 20
- Weight of the ten largest: 69.1%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $27.1M | 125,077 | 10.9% | 7 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $26.0M | 11,420 | 10.5% | 2 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $24.1M | 165,945 | 9.7% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $19.6M | 52,385 | 7.9% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $16.1M | 46,615 | 6.5% | 7 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $13.0M | 20,280 | 5.2% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $11.9M | 44,081 | 4.8% | 7 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $11.8M | 32,232 | 4.7% | 5 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $11.0M | 826,480 | 4.4% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $10.9M | 5,470 | 4.4% | 2 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $10.0M | 36,835 | 4.0% | 1 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $9.8M | 175,875 | 4.0% | 1 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $9.6M | 111,167 | 3.9% | 7 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $9.5M | 314,960 | 3.8% | 1 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $8.9M | 197,895 | 3.6% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $7.1M | 14,875 | 2.9% | 3 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $7.0M | 41,100 | 2.8% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.9M | 29,519 | 2.4% | 7 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $5.1M | 5,910 | 2.0% | 2 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $3.7M | 35,955 | 1.5% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +36.4% | +14.8% | +21.6% | 100% |
| Q1 2026 | -8.4% | -4.6% | -3.8% | 100% |
| Q4 2025 | -2.6% | +2.4% | -5.0% | 100% |
| Q3 2025 | +11.4% | +7.8% | +3.6% | 100% |
| Q2 2025 | +29.6% | +10.5% | +19.1% | 100% |
| Q1 2025 | -9.7% | -4.6% | -5.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $247.8M | 20 |
| Q1 2026 | $199.2M | 20 |
| Q4 2025 | $217.4M | 19 |
| Q3 2025 | $201.8M | 21 |
| Q2 2025 | $187.7M | 20 |
| Q1 2025 | $82.3M | 15 |
| Q4 2024 | $108.4M | 20 |