Opti Capital Management, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Opti Capital Management, LP reported 0 stock positions worth $0. Its holdings were unchanged from Q3 2025.
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001738654
- Portfolio Value
- $0 (Q4 2025)
- SEC Filing
- 0000919574-26-001163 ↗ filed Feb 17, 2026
Holdings Value
Holdings 0 stocks · $0
| None this quarter. | ||||
Other holdings (43): bonds, preferreds, convertibles and warrants · $1.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 137,500,000 | $127.3M | No change |
| FASTLY INC (FSLY 7.75 06/01/28) | NOTE 7.750% 6/0 · principal | 89,646,000 | $100.2M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 59,377,000 | $86.4M | Reduce -18.5% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 70,000,000 | $66.7M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 69,454,000 | $63.4M | Add +25.3% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 64,000,000 | $60.3M | Add +43.8% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 55,000,000 | $54.5M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 58,000,000 | $53.6M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 35,000,000 | $52.5M | Add +16.7% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 48,250,000 | $45.9M | Reduce -4.9% |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 51,088,000 | $43.1M | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 34,940,000 | $37.0M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 34,000,000 | $33.8M | Add +10.5% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 34,750,000 | $31.9M | Add +59.8% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 20,000,000 | $31.1M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 32,058,000 | $30.9M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 30,000,000 | $29.6M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 30,000,000 | $29.3M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 30,000,000 | $27.8M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 30,000,000 | $27.7M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 30,000,000 | $27.1M | Add +241.1% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 28,668,000 | $26.7M | New |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 24,500,000 | $24.0M | Reduce -23.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 24,168,000 | $23.7M | Add +248.1% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 14,338,000 | $23.6M | New |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 24,500,000 | $21.5M | Add +22.5% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 21,500,000 | $21.3M | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 20,445,000 | $20.4M | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 21,000,000 | $20.2M | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 20,000,000 | $19.2M | No change |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 16,750,000 | $17.7M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 17,327,000 | $17.3M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 17,000,000 | $17.0M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 12,500,000 | $12.2M | Add +25.0% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 9,152,000 | $9.1M | No change |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 7,432,000 | $7.4M | Reduce -83.8% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 7,000,000 | $6.6M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 5,500,000 | $5.2M | No change |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 5,000,000 | $4.8M | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 4,500,000 | $4.4M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,809,000 | $4.3M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 2,500,000 | $2.4M | Reduce -95.9% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 2,181,000 | $2.4M | New |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q3 2025 → Q4 2025
| None this quarter. | |||
Portfolio Buys Q3 2025 → Q4 2025
| None this quarter. | |||
Notes & Other Activity Q3 2025 → Q4 2025
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 43,371,000 | $125.2Mbefore exit |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Sold out | 24,500,000 | $109.7Mbefore exit |
| FASTLY INC (FSLY 7.75 06/01/28) | NOTE 7.750% 6/0 · principal | New | 89,646,000 | $100.2M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -18.5% | 59,377,000 | $86.4M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Sold out | 73,000,000 | $83.8Mbefore exit |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 74,846,000 | $74.5Mbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +25.3% | 69,454,000 | $63.4M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Add +43.8% | 64,000,000 | $60.3M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 58,000,000 | $53.6M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +16.7% | 35,000,000 | $52.5M |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Reduce -4.9% | 48,250,000 | $45.9M |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 51,088,000 | $43.1M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | New | 34,940,000 | $37.0M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Sold out | 11,000,000 | $35.3Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Sold out | 35,500,000 | $34.2Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +10.5% | 34,000,000 | $33.8M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Sold out | 28,500,000 | $32.8Mbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +59.8% | 34,750,000 | $31.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 20,000,000 | $31.1M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | New | 30,000,000 | $29.3M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Sold out | 21,000,000 | $28.7Mbefore exit |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 30,000,000 | $27.7M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +241.1% | 30,000,000 | $27.1M |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | New | 28,668,000 | $26.7M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Sold out | 27,388,000 | $26.5Mbefore exit |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Reduce -23.4% | 24,500,000 | $24.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +248.1% | 24,168,000 | $23.7M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | New | 14,338,000 | $23.6M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 22,476,000 | $22.4Mbefore exit |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 22,500,000 | $21.8Mbefore exit |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Add +22.5% | 24,500,000 | $21.5M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | New | 16,750,000 | $17.7M |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | Add +25.0% | 12,500,000 | $12.2M |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Reduce -83.8% | 7,432,000 | $7.4M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | New | 7,000,000 | $6.6M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Sold out | 3,710,000 | $6.2Mbefore exit |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 5,000,000 | $4.8M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | New | 4,500,000 | $4.4M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 2,500,000 | $3.4Mbefore exit |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -95.9% | 2,500,000 | $2.4M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | New | 2,181,000 | $2.4M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 2,000,000 | $1.9Mbefore exit |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Sold out | 720,000 | $1.4Mbefore 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) |