Opti Capital Management, LP

Name: Opti Capital Management, LP 13F holdings, Q1 2024
Creator: Opti Capital Management, LP
Published: 2024-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Opti Capital Management, LP reported 48 stock positions worth $1.3 billion. Its top holding was Insight Enterprs (nsit 0.75 02/15/25) at 6.9% of the portfolio, followed by Royal Caribbean Cruises (rcl 6 08/15/25) (6.5%) and Unity Software Inc. (u 0 11/15/26) (5.3%). Compared with Q4 2023, it opened 48 new positions. The biggest buy was a new position in Insight Enterprs (nsit 0.75 02/15/25).

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001738654
Portfolio Value: $1.3B (Q1 2024)
SEC Filing: 0000919574-24-003122 ↗ filed May 15, 2024

Holdings Value

Holdings 48 stocks · $1.3B


INSIGHT ENTERPRS (NSIT 0.75 02/15/25)	6.90%	33,111,000	$90.1M	New
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	6.54%	30,000,000	$85.3M	New
UNITY SOFTWARE INC (U 0 11/15/26)	5.30%	81,500,000	$69.2M	New
NOVOCURE LTD (NVCR 0 11/01/25)	5.13%	73,346,000	$67.0M	New
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	5.08%	65,890,000	$66.3M	New
BLACKLINE INC (BL 0 03/15/26)	4.91%	70,666,000	$64.1M	New
FIVE9 INC (FIVN 0.5 06/01/25)	4.13%	57,115,000	$53.9M	New
GLAUKOS CORP (GKOS 2.75 06/15/27)	4.05%	29,500,000	$52.9M	New
ALARM.COM HLDGS INC (ALRM 0 01/15/26)	3.56%	50,065,000	$46.5M	New
NUVASIVE INC (GMED 0.375 03/15/25)	3.44%	46,830,000	$44.9M	New
FASTLY INC (FSLY 0 03/15/26)	3.27%	46,956,000	$42.7M	New
OMNICELL INC (OMCL 0.25 09/15/25)	3.18%	44,000,000	$41.5M	New
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	2.56%	35,500,000	$33.4M	New
INNOVIVA INC (INVA 2.5 08/15/25)	2.47%	30,000,000	$32.3M	New
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26)	2.45%	30,600,000	$31.9M	New
RAPID7 INC (RPD 0.25 03/15/27)	2.22%	33,000,000	$29.0M	New
BLOCK INC (XYZ 0 05/01/26)	2.21%	32,177,000	$28.8M	New
BANDWIDTH INC (BAND 0.25 03/01/26)	2.14%	31,629,000	$27.9M	New
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	2.05%	27,520,000	$26.7M	New
UPWORK INC (UPWK 0.25 08/15/26)	1.97%	29,250,000	$25.7M	New
TECHTARGET HOLDINGS INC (TTGT 0 12/15/26)	1.94%	26,576,000	$25.4M	New
PERFICIENT INC (PRFT 0.125 11/15/26)	1.77%	26,691,000	$23.1M	New
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	1.69%	22,759,000	$22.0M	New
WIX LTD (WIX 0 08/15/25) filed as WIX COM LTD	1.68%	23,635,000	$21.9M	New
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	1.55%	22,476,000	$20.3M	New
SNAP INC (SNAP 0 05/01/27)	1.45%	23,368,000	$18.9M	New
DAYFORCE INC (DAY 0.25 03/15/26)	1.40%	19,926,000	$18.3M	New
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	1.25%	18,500,000	$16.3M	New
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	1.23%	16,969,000	$16.1M	New
3D SYSTEMS CORP (DDD 0 11/15/26) filed as 3D SYS CORP DEL	1.20%	20,000,000	$15.7M	New
NOVA LTD (NVMI 0 10/15/25)	1.11%	6,050,000	$14.5M	New
LIVEPERSON INC (LPSN 0 12/15/26)	1.09%	33,550,000	$14.2M	New
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	0.97%	15,172,000	$12.6M	New
Q2 HOLDINGS INC (QTWO 0.125 11/15/25) filed as Q2 HLDGS INC	0.89%	12,450,000	$11.6M	New
BLOCK INC (XYZ 0.25 11/01/27)	0.83%	13,000,000	$10.9M	New
TRIPADVISOR INC (TRIP 0.25 04/01/26)	0.79%	11,000,000	$10.3M	New
8X8 INC (EGHT 4 02/01/28)	0.79%	12,750,000	$10.3M	New
DROPBOX INC (DBX 0 03/01/26)	0.73%	10,000,000	$9.5M	New
MODEL N INC (MODN 2.625 06/01/25)	0.71%	8,500,000	$9.2M	New
VEECO INSTRUMENTS INC (VECO 3.75 06/01/27)	0.68%	3,383,000	$8.8M	New
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	0.64%	10,000,000	$8.4M	New
BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24)	0.57%	7,600,000	$7.5M	New
GUARDANT HEALTH INC (GH 0 11/15/27)	0.52%	10,000,000	$6.8M	New
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26)	0.47%	3,750,000	$6.2M	New
BANDWIDTH INC (BAND 0.5 04/01/28)	0.19%	3,500,000	$2.5M	New
CUTERA INC (CUTR 2.25 06/01/28)	0.12%	6,500,000	$1.6M	New
BILL HOLDINGS INC (BILL 0 04/01/27)	0.10%	1,500,000	$1.3M	New
CUTERA INC (CUTR 2.25 03/15/26)	0.08%	2,550,000	$1.0M	New

Portfolio Sells Q4 2023 → Q1 2024


None this quarter.

Portfolio Buys Q4 2023 → Q1 2024


INSIGHT ENTERPRS (NSIT 0.75 02/15/25)	New	6.90%	+6.90
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	New	6.54%	+6.54
UNITY SOFTWARE INC (U 0 11/15/26)	New	5.30%	+5.30
NOVOCURE LTD (NVCR 0 11/01/25)	New	5.13%	+5.13
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	New	5.08%	+5.08
BLACKLINE INC (BL 0 03/15/26)	New	4.91%	+4.91
FIVE9 INC (FIVN 0.5 06/01/25)	New	4.13%	+4.13
GLAUKOS CORP (GKOS 2.75 06/15/27)	New	4.05%	+4.05
ALARM.COM HLDGS INC (ALRM 0 01/15/26)	New	3.56%	+3.56
NUVASIVE INC (GMED 0.375 03/15/25)	New	3.44%	+3.44
FASTLY INC (FSLY 0 03/15/26)	New	3.27%	+3.27
OMNICELL INC (OMCL 0.25 09/15/25)	New	3.18%	+3.18
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	New	2.56%	+2.56
INNOVIVA INC (INVA 2.5 08/15/25)	New	2.47%	+2.47
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26)	New	2.45%	+2.45
RAPID7 INC (RPD 0.25 03/15/27)	New	2.22%	+2.22
BLOCK INC (XYZ 0 05/01/26)	New	2.21%	+2.21
BANDWIDTH INC (BAND 0.25 03/01/26)	New	2.14%	+2.14
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	New	2.05%	+2.05
UPWORK INC (UPWK 0.25 08/15/26)	New	1.97%	+1.97
TECHTARGET HOLDINGS INC (TTGT 0 12/15/26)	New	1.94%	+1.94
PERFICIENT INC (PRFT 0.125 11/15/26)	New	1.77%	+1.77
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	New	1.69%	+1.69
WIX LTD (WIX 0 08/15/25)	New	1.68%	+1.68
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	New	1.55%	+1.55
SNAP INC (SNAP 0 05/01/27)	New	1.45%	+1.45
DAYFORCE INC (DAY 0.25 03/15/26)	New	1.40%	+1.40
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	New	1.25%	+1.25
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	New	1.23%	+1.23
3D SYSTEMS CORP (DDD 0 11/15/26)	New	1.20%	+1.20
NOVA LTD (NVMI 0 10/15/25)	New	1.11%	+1.11
LIVEPERSON INC (LPSN 0 12/15/26)	New	1.09%	+1.09
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	New	0.97%	+0.97
Q2 HOLDINGS INC (QTWO 0.125 11/15/25)	New	0.89%	+0.89
BLOCK INC (XYZ 0.25 11/01/27)	New	0.83%	+0.83
TRIPADVISOR INC (TRIP 0.25 04/01/26)	New	0.79%	+0.79
8X8 INC (EGHT 4 02/01/28)	New	0.79%	+0.79
DROPBOX INC (DBX 0 03/01/26)	New	0.73%	+0.73
MODEL N INC (MODN 2.625 06/01/25)	New	0.71%	+0.71
VEECO INSTRUMENTS INC (VECO 3.75 06/01/27)	New	0.68%	+0.68
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	New	0.64%	+0.64
BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24)	New	0.57%	+0.57
GUARDANT HEALTH INC (GH 0 11/15/27)	New	0.52%	+0.52
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26)	New	0.47%	+0.47
BANDWIDTH INC (BAND 0.5 04/01/28)	New	0.19%	+0.19
CUTERA INC (CUTR 2.25 06/01/28)	New	0.12%	+0.12
BILL HOLDINGS INC (BILL 0 04/01/27)	New	0.10%	+0.10
CUTERA INC (CUTR 2.25 03/15/26)	New	0.08%	+0.08

Notes & Other Activity Q4 2023 → Q1 2024


INSIGHT ENTERPRS (NSIT 0.75 02/15/25)	NOTE 0.750% 2/1 · principal	Sold out	33,111,000	$86.1Mbefore exit
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	Sold out	30,000,000	$79.9Mbefore exit
NOVOCURE LTD (NVCR 0 11/01/25)	NOTE 11/0 · principal	Sold out	73,346,000	$64.0Mbefore exit
HUBSPOT INC (HUBS 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	Sold out	28,053,000	$58.3Mbefore exit
PARSONS CORP (PSN 0.25 08/15/25)	NOTE 0.250% 8/1 · principal	Sold out	38,828,000	$55.6Mbefore exit
ALTERYX INC (AYX 0.5 08/01/24)	NOTE 0.500% 8/0 · principal	Sold out	55,149,000	$53.7Mbefore exit
BLACKLINE INC (BL 0 03/15/26)	NOTE 3/1 · principal	Sold out	60,000,000	$53.3Mbefore exit
FIVE9 INC (FIVN 0.5 06/01/25)	NOTE 0.500% 6/0 · principal	Sold out	51,500,000	$49.6Mbefore exit
ALARM.COM HLDGS INC (ALRM 0 01/15/26)	NOTE 1/1 · principal	Sold out	50,065,000	$44.6Mbefore exit
NUVASIVE INC (GMED 0.375 03/15/25)	NOTE 0.375% 3/1 · principal	Sold out	45,330,000	$42.4Mbefore exit
OPKO HEALTH INC (OPK 4.5 02/15/25)	NOTE 4.500% 2/1 · principal	Sold out	40,173,000	$39.6Mbefore exit
LYFT INC (LYFT 1.5 05/15/25)	NOTE 1.500% 5/1 · principal	Sold out	40,000,000	$38.1Mbefore exit
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	Sold out	45,500,000	$37.9Mbefore exit
OMNICELL INC (OMCL 0.25 09/15/25)	NOTE 0.250% 9/1 · principal	Sold out	41,000,000	$37.8Mbefore exit
INNOVIVA INC (INVA 2.5 08/15/25)	NOTE 2.500% 8/1 · principal	Sold out	30,000,000	$32.5Mbefore exit
GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25)	NOTE 1.250% 3/1 · principal	Sold out	29,212,000	$32.3Mbefore exit
3D SYSTEMS CORP (DDD 0 11/15/26)	NOTE 11/1 · principal	Sold out	40,000,000	$30.6Mbefore exit
SPLUNK INC (SPLK 1.125 06/15/27)	NOTE 1.125% 6/1 · principal	Sold out	26,305,000	$25.5Mbefore exit
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25)	NOTE 0.750% 8/0 · principal	Sold out	27,446,000	$25.4Mbefore exit
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	NOTE 0.250% 4/1 · principal	Sold out	27,969,000	$24.7Mbefore exit
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	Sold out	13,000,000	$24.6Mbefore exit
BANDWIDTH INC (BAND 0.25 03/01/26)	NOTE 0.250% 3/0 · principal	Sold out	28,679,000	$23.8Mbefore exit
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	Sold out	24,961,000	$23.5Mbefore exit
WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25)	NOTE 1.500% 4/0 · principal	Sold out	18,287,000	$23.0Mbefore exit
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	NOTE 2.500% 4/1 · principal	Sold out	22,759,000	$21.7Mbefore exit
WIX LTD (WIX 0 08/15/25)	NOTE 8/1 · principal	Sold out	23,635,000	$21.5Mbefore exit
LIVEPERSON INC (LPSN 0 12/15/26)	NOTE 12/1 · principal	Sold out	31,000,000	$20.5Mbefore exit
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	Sold out	22,476,000	$20.1Mbefore exit
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25)	NOTE 0.500% 8/1 · principal	Sold out	20,565,000	$19.4Mbefore exit
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	Sold out	20,677,000	$18.2Mbefore exit
ENVESTNET INC (ENV 0.75 08/15/25)	0.75 8/15/2025 · principal	Sold out	19,252,000	$18.0Mbefore exit
8X8 INC (EGHT 0.5 02/01/24)	NOTE 0.500% 2/0 · principal	Sold out	15,820,000	$15.7Mbefore exit
I3 VERTICALS LLC (IIIV 1 02/15/25)	NOTE 1.000% 2/1 · principal	Sold out	16,000,000	$15.4Mbefore exit
PEGASYSTEMS INC (PEGA 0.75 03/01/25)	NOTE 0.750% 3/0 · principal	Sold out	15,250,000	$14.2Mbefore exit
TECHTARGET HOLDINGS INC (TTGT 0 12/15/26)	NOTE 12/1 · principal	Sold out	16,076,000	$13.4Mbefore exit
OKTA INC (OKTA 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	Sold out	14,650,000	$13.0Mbefore exit
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Sold out	12,250,000	$12.4Mbefore exit
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	Sold out	14,000,000	$12.1Mbefore exit
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Sold out	12,000,000	$10.7Mbefore exit
MANNKIND CORP (MNKD 2.5 03/01/26)	NOTE 2.500% 3/0 · principal	Sold out	10,000,000	$10.2Mbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	Sold out	10,427,000	$9.5Mbefore exit
MODEL N INC (MODN 2.625 06/01/25)	NOTE 2.625% 6/0 · principal	Sold out	8,500,000	$9.1Mbefore exit
Q2 HOLDINGS INC (QTWO 0.125 11/15/25)	NOTE 0.125%11/1 · principal	Sold out	9,450,000	$8.5Mbefore exit
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	Sold out	4,665,000	$8.3Mbefore exit
VEECO INSTRUMENTS INC (VECO 3.75 06/01/27)	NOTE 3.750% 6/0 · principal	Sold out	3,383,000	$7.8Mbefore exit
CHEGG INC (CHGG 0.125 03/15/25)	NOTE 0.125% 3/1 · principal	Sold out	6,400,000	$5.9Mbefore exit
INFINERA CORP (INFN 3.75 08/01/28)	NOTE 3.750% 8/0 · principal	Sold out	3,500,000	$3.4Mbefore exit
FASTLY INC (FSLY 0 03/15/26)	NOTE 3/1 · principal	Sold out	3,750,000	$3.3Mbefore exit
OKTA INC (OKTA 0.125 09/01/25)	NOTE 0.125% 9/0 · principal	Sold out	2,500,000	$2.3Mbefore exit
CUTERA INC (CUTR 2.25 06/01/28)	NOTE 2.250% 6/0 · principal	Sold out	6,500,000	$1.8Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	0	$0
Q1 2026	0	$0
Q4 2025	0	$0
Q3 2025	0	$0
Q2 2025	0	$0
Q1 2025	2	$3.9M	ITGR, GOSS
Q4 2024	2	$249K	GOSS, KPTI
Q3 2024	0	$0
Q2 2024	0	$0
Q1 2024	48	$1.3B	INSIGHT ENTERPRS (NSIT 0.75 02/15/25), ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25), UNITY SOFTWARE INC (U 0 11/15/26), NOVOCURE LTD (NVCR 0 11/01/25), BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)