Dilation Capital Management LP

Long Only Manager • Value

Dilation Capital Management LP is a Value-focused institution based in New York, NY led by Brian Lee Eizenstat, managing $201.8M across 21 long positions as of Q3 2025 with 38% Technology concentration and 67% concentrated in top 10 holdings.

Managing PartnerBrian Lee Eizenstat

Portfolio Value: $201.8M
Positions: 21
Top Holding: BA at 12.09%
Last Reported: Q3 2025

Address767 Fifth Avenue, 18th Floor, New York, NY, 10153, United States

Top Holdings

Largest long holdings in Dilation Capital Management LP's portfolio (67.3% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Boeing BA	Aerospace & Defense Industrials	$24.4M	12.09%	+$5.7M Bought	0.01% 113.0K shares	Q4 2024 Held for 11 months
2 Nvidia NVDA	Semiconductors Technology	$18.2M	9.04%	-$2.5M Sold	0.00% 97.8K shares	Q4 2024 Held for 11 months
3 D.R. Horton DHI	Residential Construction Consumer Cyclical	$13.4M	6.64%	+$13.4M New	0.03% 79.0K shares	Q3 2025 Held for 2 months
4 Affirm Holdings, Inc. AFRM	Software - Infrastructure Technology	$13.1M	6.50%	-$368.8K Sold	0.06% 179.4K shares	Q1 2025 Held for 8 months
5 Canadian Pacific Kansas City CP	Railroads Industrials	$12.7M	6.29%	+$529.3K Bought	0.02% 170.3K shares	Q4 2024 Held for 11 months
6 KKR & Co. KKR	Asset Management Financial Services	$11.9M	5.89%	+$1.3M Bought	0.01% 91.4K shares	Q4 2024 Held for 11 months
7 Applovin Corporation APP	Software - Application Technology	$10.9M	5.40%	-$3.6M Sold	0.00% 15.2K shares	Q2 2025 Held for 5 months
8 Celestica CLS	Hardware, Equipment & Parts Technology	$10.9M	5.38%	-$7.8M Sold	0.04% 44.1K shares	Q2 2025 Held for 5 months
9 TransDigm Group TDG	Aerospace & Defense Industrials	$10.3M	5.12%	+$2.1M Bought	0.01% 7.8K shares	Q4 2024 Held for 11 months
10 Amrize Ltd AMRZ	Unknown Unknown	$10.0M	4.96%	+$10.0M New	0.04% 206.3K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Dilation Capital Management LP's latest filing

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Market Value

$201.8M

Prior: $187.7M

Q/Q Change

+7.49%

+$14.1M

Net Flows % of MV

-7.97%

Turnover Ratio

32.28%

New Purchases

5 stocks

$38.1M

Added To

7 stocks

+$16.7M

Sold Out Of

5 stocks

$41.3M

Reduced Holdings

8 stocks

-$29.6M

Increased Positions

Position	Shares Δ	Change
1 D.R. Horton DHI	New	0 → 79.0K +$13.4M
2 Amrize Ltd AMRZ	New	0 → 206.3K +$10.0M
3 Coinbase Global, Inc. COIN	New	0 → 19.9K +$6.7M
4 Henry Schein HSIC	New	0 → 76.9K +$5.1M
5 Ciena CIEN	New	0 → 19.6K +$2.9M

Decreased Positions

Position	Shares Δ	Change
1 monday.com MNDY	Sold	35.6K → 0 −$11.2M
2 Vistra VST	Sold	55.5K → 0 −$10.8M
3 CyberArk Software CYBR	Sold	26.4K → 0 −$10.7M
4 Atlassian TEAM	Sold	24.3K → 0 −$4.9M
5 Six Flags Entertainment FUN	Sold	120.3K → 0 −$3.7M