Opti Capital Management, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Opti Capital Management, LP reported 2 stock positions worth $3.9 million. Its top holding was Integer (ITGR) at 88.2% of the portfolio, followed by Gossamer Bio (GOSS, 11.8%). Compared with Q4 2024, it opened 1 new position, sold out of 1 and added to 1. The biggest buy was a new position in Integer (ITGR) and the biggest sale an exit from Karyopharm Therapeutics (KPTI).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001738654
- Portfolio Value
- $3.9M (Q1 2025)
- SEC Filing
- 0000919574-25-003227 ↗ filed May 15, 2025
Holdings Value
Holdings 2 stocks · $3.9M
| ITGR Integer Holdings Corp. | 88.19% | 28,832 | $3.4M | New |
| GOSS Gossamer Bio Inc. | 11.81% | 414,152 | $456K | Add +127.2% |
Other holdings (51): bonds, preferreds, convertibles and warrants · $1.6B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 146,000,000 | $129.4M | Reduce -3.0% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 127,720,000 | $117.3M | Add +53.8% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 32,000,000 | $86.1M | Add +10.3% |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 74,846,000 | $72.4M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 77,133,000 | $65.6M | Add +163.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 61,500,000 | $63.9M | Add +2.5% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 60,000,000 | $63.8M | Add +137.6% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 62,115,000 | $61.6M | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 52,000,000 | $49.1M | Add +44.4% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 51,750,000 | $47.7M | Add +8.9% |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 51,309,000 | $46.9M | Add +36.2% |
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | 18,127,000 | $44.7M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 44,142,000 | $43.1M | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 44,000,000 | $43.0M | Add +37.5% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 45,877,000 | $43.0M | New |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 42,772,000 | $40.5M | Add +9.5% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 29,285,000 | $35.8M | No change |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | 24,625,000 | $33.0M | Add +947.9% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 30,126,000 | $32.3M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 27,283,000 | $31.0M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 30,000,000 | $28.8M | Reduce -24.9% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 31,000,000 | $28.0M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 22,949,000 | $26.2M | New |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 29,666,000 | $25.6M | Add +46.7% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 22,151,000 | $25.5M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 25,000,000 | $23.2M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 22,500,000 | $21.9M | Reduce -25.0% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 22,476,000 | $21.8M | No change |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 22,500,000 | $21.1M | No change |
| HEALTH CATALYST INC (HCAT 2.5 04/15/25) | NOTE 2.500% 4/1 · principal | 21,039,000 | $21.0M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 23,000,000 | $20.4M | Reduce -23.3% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 20,445,000 | $19.7M | No change |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 18,684,000 | $18.4M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 17,635,000 | $17.3M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 17,565,000 | $17.2M | Add +20.6% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 17,000,000 | $16.3M | Reduce -55.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 16,500,000 | $15.8M | Reduce -55.1% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 34,850,000 | $15.7M | Add +3.9% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 15,000,000 | $14.3M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 13,733,000 | $13.0M | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 14,322,000 | $12.4M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 13,861,000 | $11.8M | Add +158.6% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 11,500,000 | $9.4M | New |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 9,100,000 | $9.1M | No change |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 9,152,000 | $8.9M | Reduce -76.1% |
| VEECO INSTRUMENTS INC (VECO 3.75 06/01/27) | NOTE 3.750% 6/0 · principal | 3,383,000 | $5.0M | No change |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 5,896,000 | $4.2M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 3,500,000 | $3.0M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,500,000 | $2.2M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 2,500,000 | $2.2M | Reduce -93.9% |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 4,725,000 | $765K | Add +57.5% |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q4 2024 → Q1 2025
| KPTI Karyopharm Therapeutics Inc. | Sold out | 0.00% | −33.89 |
Portfolio Buys Q4 2024 → Q1 2025
Notes & Other Activity Q4 2024 → Q1 2025
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Sold out | 57,230,000 | $149.5Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 152,021,000 | $132.4Mbefore exit |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Reduce -3.0% | 146,000,000 | $129.4M |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Add +53.8% | 127,720,000 | $117.3M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 125,949,000 | $115.4Mbefore exit |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 39,526,000 | $104.6Mbefore exit |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Add +10.3% | 32,000,000 | $86.1M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 36,217,000 | $78.8Mbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +163.9% | 77,133,000 | $65.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +2.5% | 61,500,000 | $63.9M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +137.6% | 60,000,000 | $63.8M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 50,250,000 | $59.3Mbefore exit |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Add +44.4% | 52,000,000 | $49.1M |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Add +8.9% | 51,750,000 | $47.7M |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | Add +36.2% | 51,309,000 | $46.9M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Sold out | 46,830,000 | $46.3Mbefore exit |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | Add +37.5% | 44,000,000 | $43.0M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | New | 45,877,000 | $43.0M |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Add +9.5% | 42,772,000 | $40.5M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Sold out | 38,939,000 | $38.6Mbefore exit |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | Add +947.9% | 24,625,000 | $33.0M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Sold out | 18,000,000 | $31.9Mbefore exit |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Reduce -24.9% | 30,000,000 | $28.8M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | New | 22,949,000 | $26.2M |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | Add +46.7% | 29,666,000 | $25.6M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | New | 22,151,000 | $25.5M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | New | 25,000,000 | $23.2M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -25.0% | 22,500,000 | $21.9M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Sold out | 13,807,000 | $21.4Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -23.3% | 23,000,000 | $20.4M |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | Add +20.6% | 17,565,000 | $17.2M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Reduce -55.8% | 17,000,000 | $16.3M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -55.1% | 16,500,000 | $15.8M |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Add +3.9% | 34,850,000 | $15.7M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 9,629,000 | $15.4Mbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | New | 15,000,000 | $14.3M |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | New | 14,322,000 | $12.4M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Add +158.6% | 13,861,000 | $11.8M |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | Sold out | 10,000,000 | $9.9Mbefore exit |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | New | 11,500,000 | $9.4M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Sold out | 10,000,000 | $9.0Mbefore exit |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Reduce -76.1% | 9,152,000 | $8.9M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Sold out | 9,500,000 | $8.5Mbefore exit |
| ACCOLADE INC (ACCD 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | Sold out | 8,730,000 | $8.2Mbefore exit |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | Sold out | 8,370,000 | $7.9Mbefore exit |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | Sold out | 7,700,000 | $7.1Mbefore exit |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | New | 5,896,000 | $4.2M |
| COMMERCE.COM INC (CMRC 0.25 10/01/26) | NOTE 0.250%10/0 · principal | Sold out | 4,500,000 | $4.0Mbefore exit |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | Sold out | 3,285,000 | $3.1Mbefore exit |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 3,500,000 | $3.0M |
Showing the first 50 of 57.
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) |