Q3 2025 · 13F-HR
Opti Capital Management, LPholdings as filed
Filed 2025-11-14 · accession 0000919574-25-006977
$1.60B
Reported value
44
Positions
2025-09-30
Period end
The Brief · Opti Capital Management, LP · Q3 2025
AI · grounded in 13F
Opti Capital Management, LP established a new position in BLOCK INC [[stock:XYZ 0.25 11/01/27]] valued at $125.6M. The fund also initiated new holdings in SEAGATE HDD CAYMAN [[stock:STX 3.5 06/01/28]] for $125.2M and LIVE NATION ENTERTAINMENT IN [[stock:LYV 3.125 01/15/29]] for $118.1M. These additions contributed to a total AUM of $1.6B across 44 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC | $125.6M | 7.85% | 137,500,000 | Common | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $125.2M | 7.82% | 43,371,000 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $118.1M | 7.38% | 72,825,000 | Common | SOLE |
| 45867GAD3 | IDCC 3.5 06/01/27 | INTERDIGITAL INC | $109.7M | 6.86% | 24,500,000 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC | $83.8M | 5.24% | 73,000,000 | Common | SOLE |
| 67011XAB9 | NVCR 0 11/01/25 | NOVOCURE LTD | $74.5M | 4.65% | 74,846,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $65.5M | 4.09% | 70,000,000 | Common | SOLE |
| 81141RAG5 | SEALTD 0.25 09/15/26 | SEA LTD | $59.2M | 3.70% | 61,562,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $53.8M | 3.36% | 55,000,000 | Common | SOLE |
| 83304AAH9 | SNAP 0.125 03/01/28 | SNAP INC | $49.7M | 3.11% | 55,454,000 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $47.8M | 2.99% | 50,750,000 | Common | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $44.8M | 2.80% | 45,772,000 | Common | SOLE |
| 89377MAB5 | TMDX 1.5 06/01/28 | TRANSMEDICS GROUP INC | $42.8M | 2.67% | 30,000,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $42.0M | 2.62% | 44,500,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $35.3M | 2.21% | 11,000,000 | Common | SOLE |
| 30063PAB1 | EXAS 0.375 03/15/27 | EXACT SCIENCES CORP | $34.2M | 2.14% | 35,500,000 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $32.8M | 2.05% | 28,500,000 | Common | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $31.0M | 1.94% | 32,000,000 | Common | SOLE |
| 09061GAK7 | BMRN 1.25 05/15/27 | BIOMARIN PHARMACEUTICAL INC | $30.5M | 1.91% | 32,058,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $30.5M | 1.90% | 30,773,000 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIPADVISOR INC | $29.3M | 1.83% | 30,000,000 | Common | SOLE |
| 04351PAD3 | ASND 2.25 04/01/28 | ASCENDIS PHARMA A/S | $28.7M | 1.79% | 21,000,000 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | ETSY INC | $27.7M | 1.73% | 30,000,000 | Common | SOLE |
| 40131MAB5 | GH 0 11/15/27 | GUARDANT HEALTH INC | $26.5M | 1.66% | 27,388,000 | Common | SOLE |
| 33835LAA3 | FVRR 0 11/01/25 | FIVERR INTL LTD | $22.4M | 1.40% | 22,476,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $21.8M | 1.36% | 22,500,000 | Common | SOLE |
| 15677JAD0 | DAY 0.25 03/15/26 | DAYFORCE INC | $21.1M | 1.32% | 21,500,000 | Common | SOLE |
| 91879QAN9 | MTN 0 01/01/26 | VAIL RESORTS INC | $20.2M | 1.26% | 20,445,000 | Common | SOLE |
| 29415FAD6 | NVST 1.75 08/15/28 | ENVISTA HOLDINGS CORPORATION | $19.9M | 1.24% | 21,000,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $19.6M | 1.23% | 21,750,000 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $19.1M | 1.19% | 20,000,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $17.4M | 1.09% | 17,327,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $17.1M | 1.07% | 20,000,000 | Common | SOLE |
| 011642AB1 | ALRM 0 01/15/26 | ALARM COM HLDGS INC | $16.8M | 1.05% | 17,000,000 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC | $10.1M | 0.63% | 10,000,000 | Common | SOLE |
| 501812AB7 | LCII 1.125 05/15/26 | LCI INDS | $8.9M | 0.56% | 9,152,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC | $7.8M | 0.49% | 8,795,000 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. | $6.8M | 0.42% | 6,943,000 | Common | SOLE |
| 453204AD1 | PI 1.125 05/15/27 | IMPINJ INC | $6.2M | 0.39% | 3,710,000 | Common | SOLE |
| 83304AAF3 | SNAP 0 05/01/27 | SNAP INC | $5.1M | 0.32% | 5,500,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC | $4.3M | 0.27% | 4,809,000 | Common | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $3.4M | 0.22% | 2,500,000 | Common | SOLE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $1.9M | 0.12% | 2,000,000 | Common | SOLE |
| 816850AF8 | SMTC 1.625 11/01/27 | SEMTECH CORP | $1.4M | 0.09% | 720,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.