Dilation Capital Management LP Quant / Systematic

CIK: 0001922880 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $217,442 (100.0% shares, 0.0% debt)

Holdings (19)

New Positions (2)

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.7%

Value ($000) $10,238 Shares 33,690 Est. Cost $303.89 Unrealized —

SPGI S&P GLOBAL INC 2.1%

Value ($000) $4,617 Shares 8,835 Est. Cost $494.21 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	33,690	$10,238	4.7%	$303.89	—	SPONSORED ADS	874039100
SPGI	S&P GLOBAL INC	8,835	$4,617	2.1%	$494.21	0.0%	COM	78409V104

Increased Positions (12)

CLS CELESTICA INC 7.8%

Value ($000) $16,890 (+55.5%) Shares 57,137 (+29.6%) Est. Cost $150.82 Unrealized +99.8%

AVGO BROADCOM INC 6.6%

Value ($000) $14,396 (+59.5%) Shares 41,594 (+52.0%) Est. Cost $275.94 Unrealized +29.4%

TLN TALEN ENERGY CORP 4.8%

Value ($000) $10,358 (+103.0%) Shares 27,632 (+130.3%) Est. Cost $314.09 Unrealized +23.7%

NVDA NVIDIA CORPORATION 10.5%

Value ($000) $22,727 (+24.6%) Shares 121,861 (+24.6%) Est. Cost $142.43 Unrealized +30.7%

APP APPLOVIN CORP 6.9%

Value ($000) $14,974 (+37.4%) Shares 22,222 (+46.6%) Est. Cost $421.39 Unrealized +49.5%

AFRM AFFIRM HLDGS INC 7.4%

Value ($000) $16,054 (+22.4%) Shares 215,688 (+20.2%) Est. Cost $58.31 Unrealized +23.4%

CIEN CIENA CORP 2.6%

Value ($000) $5,660 (+98.0%) Shares 24,203 (+23.3%) Est. Cost $119.28 Unrealized +62.6%

KKR KKR & CO INC 6.7%

Value ($000) $14,477 (+21.9%) Shares 113,565 (+24.3%) Est. Cost $134.49 Unrealized -7.6%

BA BOEING CO 12.2%

Value ($000) $26,549 (+8.9%) Shares 122,277 (+8.2%) Est. Cost $180.96 Unrealized +13.7%

SHW SHERWIN WILLIAMS CO 4.4%

Value ($000) $9,514 (+20.8%) Shares 29,361 (+29.1%) Est. Cost $354.26 Unrealized -5.7%

HWM HOWMET AEROSPACE INC 3.5%

Value ($000) $7,675 (+20.5%) Shares 37,435 (+15.3%) Est. Cost $124.36 Unrealized +60.0%

HSIC HENRY SCHEIN INC 2.8%

Value ($000) $6,006 (+17.6%) Shares 79,465 (+3.3%) Est. Cost $69.26 Unrealized +1.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLS	CELESTICA INC	57,137 (+29.6%)	$16,890 (+55.5%)	7.8%	$150.82	+99.8%	COM	15101Q207
AVGO	BROADCOM INC	41,594 (+52.0%)	$14,396 (+59.5%)	6.6%	$275.94	+29.4%	COM	11135F101
TLN	TALEN ENERGY CORP	27,632 (+130.3%)	$10,358 (+103.0%)	4.8%	$314.09	+23.7%	COM	87422Q109
NVDA	NVIDIA CORPORATION	121,861 (+24.6%)	$22,727 (+24.6%)	10.5%	$142.43	+30.7%	COM	67066G104
APP	APPLOVIN CORP	22,222 (+46.6%)	$14,974 (+37.4%)	6.9%	$421.39	+49.5%	COM CL A	03831W108
AFRM	AFFIRM HLDGS INC	215,688 (+20.2%)	$16,054 (+22.4%)	7.4%	$58.31	+23.4%	COM CL A	00827B106
CIEN	CIENA CORP	24,203 (+23.3%)	$5,660 (+98.0%)	2.6%	$119.28	+62.6%	COM NEW	171779309
KKR	KKR & CO INC	113,565 (+24.3%)	$14,477 (+21.9%)	6.7%	$134.49	-7.6%	COM	48251W104
BA	BOEING CO	122,277 (+8.2%)	$26,549 (+8.9%)	12.2%	$180.96	+13.7%	COM	097023105
SHW	SHERWIN WILLIAMS CO	29,361 (+29.1%)	$9,514 (+20.8%)	4.4%	$354.26	-5.7%	COM	824348106
HWM	HOWMET AEROSPACE INC	37,435 (+15.3%)	$7,675 (+20.5%)	3.5%	$124.36	+60.0%	COM	443201108
HSIC	HENRY SCHEIN INC	79,465 (+3.3%)	$6,006 (+17.6%)	2.8%	$69.26	+1.6%	COM	806407102

Exited Positions (4)

COIN COINBASE GLOBAL INC 3.1%

Value ($000) $6,728 Shares 19,935 Est. Cost $339.07 Unrealized -12.1%

AXON AXON ENTERPRISE INC 2.5%

Value ($000) $5,451 Shares 7,596 Est. Cost $711.28 Unrealized -12.8%

MGNI MAGNITE INC 2.5%

Value ($000) $5,356 Shares 245,900 Est. Cost $14.73 Unrealized +12.7%

ORCL ORACLE CORP 2.1%

Value ($000) $4,522 Shares 16,080 Est. Cost $254.17 Unrealized -6.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COIN	COINBASE GLOBAL INC	19,935	$6,728	3.1%	$339.07	-12.1%	—	19260Q107
AXON	AXON ENTERPRISE INC	7,596	$5,451	2.5%	$711.28	-12.8%	—	05464C101
MGNI	MAGNITE INC	245,900	$5,356	2.5%	$14.73	+12.7%	—	55955D100
ORCL	ORACLE CORP	16,080	$4,522	2.1%	$254.17	-6.3%	—	68389X105

Decreased Positions (4)

AMRZ AMRIZE LTD 1.9%

Value ($000) $4,123 (-58.8%) Shares 76,242 (-63.0%) Est. Cost $50.99 Unrealized +0.1%

TDG TRANSDIGM GROUP INC 2.7%

Value ($000) $5,815 (-43.7%) Shares 4,373 (-44.2%) Est. Cost $1277.93 Unrealized +2.6%

NBIS NEBIUS GROUP N.V. 2.1%

Value ($000) $4,661 (-38.4%) Shares 55,682 (-17.3%) Est. Cost $34.43 Unrealized +201.0%

CP CANADIAN PACIFIC KANSAS CITY 5.2%

Value ($000) $11,328 (-10.7%) Shares 153,847 (-9.6%) Est. Cost $76.47 Unrealized -3.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMRZ	AMRIZE LTD	76,242 (-63.0%)	$4,123 (-58.8%)	1.9%	$50.99	+0.1%	SHS	H2927K103
TDG	TRANSDIGM GROUP INC	4,373 (-44.2%)	$5,815 (-43.7%)	2.7%	$1277.93	+2.6%	COM	893641100
NBIS	NEBIUS GROUP N.V.	55,682 (-17.3%)	$4,661 (-38.4%)	2.1%	$34.43	+201.0%	SHS CLASS A	N97284108
CP	CANADIAN PACIFIC KANSAS CITY	153,847 (-9.6%)	$11,328 (-10.7%)	5.2%	$76.47	-3.7%	COM	13646K108

Unchanged Positions (1)

DHI D R HORTON INC 5.2%

Value ($000) $11,381 Shares 79,015 Est. Cost $156.63 Unrealized -2.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHI	D R HORTON INC	79,015	$11,381	5.2%	$156.63	-2.9%	COM	23331A109