Opti Capital Management, LP
CIK: 0001738654Latest portfolio: $1.4B · Q4 2025
Holdings
43
Total Value
$1.4B
New Positions
14
Closed Positions
15
Top Holdings
View All 43 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | XYZ 0.25 11/01/27BLOCK INC | 137,500,000 | $127.3M | 9.28% | — | |
| 2 | FSLY 7.75 06/01/28FASTLY INC | 89,646,000 | $100.2M | 7.30% | NEW | |
| 3 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN | 59,377,000 | $86.4M | 6.30% | -13,448,000 | |
| 4 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 70,000,000 | $66.7M | 4.86% | — | |
| 5 | SNAP 0.125 03/01/28SNAP INC | 69,454,000 | $63.4M | 4.62% | +14.0M | |
| 6 | BSY 0.375 07/01/27BENTLEY SYS INC | 64,000,000 | $60.3M | 4.40% | +19.5M | |
| 7 | ENPH 0 03/01/26ENPHASE ENERGY INC | 55,000,000 | $54.5M | 3.97% | — | |
| 8 | DXCM 0.375 05/15/28DEXCOM INC | 58,000,000 | $53.6M | 3.90% | NEW | |
| 9 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC | 35,000,000 | $52.5M | 3.83% | +5.0M | |
| 10 | RPD 0.25 03/15/27RAPID7 INC | 48,250,000 | $45.9M | 3.35% | -2,500,000 | |
| 11 | MARA 0 06/01/31MARA HOLDINGS INC | 51,088,000 | $43.1M | 3.14% | NEW | |
| 12 | BL 1 06/01/29BLACKLINE INC | 34,940,000 | $37.0M | 2.70% | NEW | |
| 13 | WK 1.25 08/15/28WORKIVA INC | 34,000,000 | $33.8M | 2.46% | +3.2M | |
| 14 | DKNG 0 03/15/28DRAFTKINGS INC NEW | 34,750,000 | $31.9M | 2.32% | +13.0M | |
| 15 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 20,000,000 | $31.1M | 2.27% | NEW | |
| 16 | BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC | 32,058,000 | $30.9M | 2.25% | — | |
| 17 | TRIP 0.25 04/01/26TRIPADVISOR INC | 30,000,000 | $29.6M | 2.16% | — | |
| 18 | CFLT 0 01/15/27CONFLUENT INC | 30,000,000 | $29.3M | 2.13% | NEW | |
| 19 | ETSY 0.125 09/01/27ETSY INC | 30,000,000 | $27.8M | 2.03% | — | |
| 20 | BILL 0 04/01/30BILL HOLDINGS INC | 30,000,000 | $27.7M | 2.02% | NEW | |
| 21 | FIVN 1 03/15/29FIVE9 INC | 30,000,000 | $27.1M | 1.97% | +21.2M | |
| 22 | VRNS 1 09/15/29VARONIS SYS INC | 28,668,000 | $26.7M | 1.95% | NEW | |
| 23 | PAR 1.5 10/15/27PAR TECHNOLOGY CORP | 24,500,000 | $24.0M | 1.75% | -7,500,000 | |
| 24 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC. | 24,168,000 | $23.7M | 1.73% | +17.2M | |
| 25 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 14,338,000 | $23.6M | 1.72% | NEW |
Quarterly Changes
New Positions
- $100.2M
- $53.6M
- $43.1M
- $37.0M
- $31.1M
- $29.3M
- $27.7M
- $26.7M
- $23.6M
- $17.7M
Closed Positions
- STX 3.5 06/01/28CLOSED$125.2B
- IDCC 3.5 06/01/27CLOSED$109.7B
- HALO 0.25 03/01/27CLOSED$83.8B
- NVCR 0 11/01/25CLOSED$74.5B
- WDC 3 11/15/28CLOSED$35.3B
- EXAS 0.375 03/15/27CLOSED$34.2B
- ITRI 1.375 07/15/30CLOSED$32.8B
- ASND 2.25 04/01/28CLOSED$28.7B
- GH 0 11/15/27CLOSED$26.5B
- FVRR 0 11/01/25CLOSED$22.4B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| BSY 0.375 07/01/27 | 64.0M | +19.5M |
| SNAP 0.125 03/01/28 | 69.5M | +14.0M |
| DKNG 0 03/15/28 | 34.8M | +13.0M |
| TMDX 1.5 06/01/28 | 35.0M | +5.0M |
| BAND 0.5 04/01/28 | 24.5M | +4.5M |
| WK 1.25 08/15/28 | 34.0M | +3.2M |
| BOX 1.5 09/15/29 | 12.5M | +2.5M |
| FSLY 0 03/15/26 | 7.4M | +-38340000 |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| SEALTD 0.25 09/15/26 | 2.5M | -59062000 |
| LYV 3.125 01/15/29 | 59.4M | -13448000 |
| PAR 1.5 10/15/27 | 24.5M | -7500000 |
| RPD 0.25 03/15/27 | 48.3M | -2500000 |
| MCHP 0.75 06/01/30 | 24.2M | 17.2M |
| FIVN 1 03/15/29 | 30.0M | 21.2M |
Sector Breakdown
Unknown0.0% ($1.2729010017986395e+193T)
Technology0.0% ($17.3M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $1.4B | 43 |
| Q3 2025 | Nov 14, 2025 | $1.6T | 44 |
| Q2 2025 | Aug 14, 2025 | $1.8T | 46 |
| Q1 2025 | May 15, 2025 | $1.6T | 53 |
| Q4 2024 | Feb 14, 2025 | $2.2T | 66 |
| Q3 2024 | Nov 14, 2024 | $1707.0T | 55 |
| Q2 2024 | Aug 14, 2024 | $1344.1T | 56 |
| Q1 2024 | May 15, 2024 | $1.3T | 48 |
| Q4 2023 | Feb 14, 2024 | $1323.6T | 50 |
| Q3 2023 | Nov 14, 2023 | $1.4T | 56 |
| Q2 2023 | Aug 14, 2023 | $1182.9T | 49 |
| Q1 2023 | May 15, 2023 | $1237.1T | 53 |
| Q4 2022 | Feb 14, 2023 | $1159.6T | 63 |
| Q3 2022 | Nov 14, 2022 | $1.1T | 57 |
| Q2 2022 | Aug 15, 2022 | $1.0T | 43 |
| Q1 2022 | May 16, 2022 | $1.2T | 42 |
| Q4 2021 | Feb 14, 2022 | $1.3T | 37 |
| Q3 2021 | Nov 15, 2021 | $1.1T | 35 |
| Q2 2021 | Aug 16, 2021 | $932.8B | 35 |
| Q1 2021 | May 17, 2021 | $819.3B | 35 |
| Q4 2020 | Feb 16, 2021 | $897.1B | 34 |
| Q3 2020 | Nov 16, 2020 | $817.2B | 32 |
| Q2 2020 | Aug 14, 2020 | $585.3B | 31 |
| Q1 2020 | May 15, 2020 | $488.1B | 31 |
| Q4 2019 | Feb 14, 2020 | $664.9B | 24 |
| Q3 2019 | Nov 14, 2019 | $577.8B | 29 |
| Q2 2019 | Aug 14, 2019 | $608.2B | 30 |
| Q1 2019 | May 13, 2019 | $373.7B | 23 |
| Q4 2018 | Feb 14, 2019 | $209.9B | 25 |
Fund Information
Opti Capital Management, LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $1.4B across 43 holdings. The largest position is BLOCK INC (XYZ 0.25 11/01/27), representing 9.3% of the portfolio. Compared to the previous quarter, the fund opened 14 new positions and closed 15 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.