Q1 2026 · 13F-HR
Opti Capital Management, LPholdings as filed
Filed 2026-05-15 · accession 0000919574-26-003413
The Brief · Opti Capital Management, LP · Q1 2026
AI · grounded in 13F
Opti Capital Management, LP closed its position in [[stock:FSLY 7.75 06/01/28]], reducing exposure by $100.2M. The fund also exited positions in [[stock:ENPH 0 03/01/26]] and [[stock:MARA 0 06/01/31]], totaling losses of $54.5M and $43.1M respectively. On the buy side, the manager established a new position in [[stock:VERX 0.75 05/01/29]] worth $67.3M and added [[stock:IRTC 1.5 09/01/29]] with a $38.5M investment.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $90.7M | 6.53% | 59,377,000 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC | $85.2M | 6.14% | 90,500,000 | Common | SOLE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC | $82.2M | 5.92% | 87,500,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC | $79.9M | 5.76% | 91,441,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $74.5M | 5.37% | 82,250,000 | Common | SOLE |
| 92538JAB2 | VERX 0.75 05/01/29 | VERTEX INC | $67.3M | 4.85% | 76,744,000 | Common | SOLE |
| 83304AAH9 | SNAP 0.125 03/01/28 | SNAP INC | $63.8M | 4.60% | 69,454,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $63.8M | 4.59% | 68,917,000 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $51.9M | 3.74% | 54,459,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $48.0M | 3.46% | 50,000,000 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC | $45.7M | 3.29% | 49,500,000 | Common | SOLE |
| 89377MAB5 | TMDX 1.5 06/01/28 | TRANSMEDICS GROUP INC | $45.4M | 3.27% | 35,000,000 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | ETSY INC | $44.9M | 3.24% | 48,000,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC | $44.8M | 3.23% | 49,809,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $43.9M | 3.16% | 46,000,000 | Common | SOLE |
| 090043AF7 | BILL 0 04/01/30 | BILL HOLDINGS INC | $39.2M | 2.83% | 44,000,000 | Common | SOLE |
| 450056AB2 | IRTC 1.5 09/01/29 | IRHYTHM HOLDINGS INC | $38.5M | 2.77% | 35,000,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $35.8M | 2.58% | 37,945,000 | Common | SOLE |
| 98149GAB6 | WKC 3.25 07/01/28 | WORLD KINECT CORPORATION | $34.3M | 2.47% | 32,463,000 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC | $32.3M | 2.33% | 36,500,000 | Common | SOLE |
| 922280AD4 | VRNS 1 09/15/29 | VARONIS SYS INC | $31.2M | 2.24% | 35,668,000 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $28.4M | 2.05% | 29,073,000 | Common | SOLE |
| 09061GAK7 | BMRN 1.25 05/15/27 | BIOMARIN PHARMACEUTICAL INC | $27.1M | 1.95% | 28,058,000 | Common | SOLE |
| 358039AB1 | FRPT 3 04/01/28 | FRESHPET INC | $26.0M | 1.87% | 22,500,000 | Common | SOLE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC | $24.6M | 1.77% | 25,768,000 | Common | SOLE |
| 501812AD3 | LCII 3 03/01/30 | LCI INDS | $23.8M | 1.71% | 19,650,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $21.9M | 1.58% | 22,251,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $20.8M | 1.50% | 20,827,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC | $19.8M | 1.43% | 22,135,000 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. | $14.1M | 1.02% | 14,168,000 | Common | SOLE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP MASS | $11.9M | 0.86% | 12,500,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $7.2M | 0.52% | 8,000,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $6.4M | 0.46% | 6,581,000 | Common | SOLE |
| 83304AAF3 | SNAP 0 05/01/27 | SNAP INC | $5.2M | 0.38% | 5,500,000 | Common | SOLE |
| 501812AB7 | LCII 1.125 05/15/26 | LCI INDS | $5.0M | 0.36% | 5,000,000 | Common | SOLE |
| 81141RAG5 | SEALTD 0.25 09/15/26 | SEA LTD | $2.5M | 0.18% | 2,500,000 | 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.