Opti Capital Management, LP

New York, NY · CIK 1738654 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2018 · limited partnership

Assets managed$1.8bn
Staff6 · 6 in investment roles
Main clients (by assets)Private funds 71%, Other advisers 29%
Private funds1 (1 hedge) · $657.4m gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityOpti Capital Management, LP (US)

Kindhedge funds
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 1

$1.6bn reported value +18.0% vs Q1 2026

46positions

43.2%in top 10

19 new 5 added 9 reduced 9 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	59,377,000	$105.9m6.46%	6.46%	Unchanged
2	BLACKLINE INC NOTE 1.000% 6/0 · principal BL 1 06.01.29 · principal	BL 1 06.01.29	90,500,000	$83.6m5.11%	5.11%	Unchanged
3	RAPID7 INC NOTE 0.250% 3/1 · principal RPD 0.25 03.15.27 · principal	RPD 0.25 03.15.27	80,959,000	$78.1m4.77%	4.77%	Added +26.5m	+26,500,000 48.7%
4	DRAFTKINGS INC NEW NOTE 3/1 · principal DKNG 0 03.15.28 · principal	DKNG 0 03.15.28	82,250,000	$76.8m4.69%	4.69%	Unchanged
5	UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal	UGI 5 06.01.28	55,000,000	$74.0m4.52%	4.52%	New
6	DEXCOM INC NOTE 0.375% 5/1 · principal DXCM 0.375 05.15.28 · principal	DXCM 0.375 05.15.28	68,917,000	$64.5m3.94%	3.94%	Unchanged
7	SNAP INC NOTE 0.125% 3/0 · principal SNAP 0.125 03.01.28 · principal	SNAP 0.125 03.01.28	69,454,000	$64.2m3.92%	3.92%	Unchanged
8	FIVE9 INC NOTE 1.000% 3/1 · principal FIVN 1 03.15.29 · principal	FIVN 1 03.15.29	65,000,000	$58.0m3.54%	3.54%	Reduced -26.4m	-26,441,000 -28.9%
9	VERTEX INC NOTE 0.750% 5/0 · principal VERX 0.75 05.01.29 · principal	VERX 0.75 05.01.29	59,500,000	$53.5m3.27%	3.27%	Reduced -17.2m	-17,244,000 -22.5%
10	TELADOC HEALTH INC NOTE 1.250% 6/0 · principal TDOC 1.25 06.01.27 · principal	TDOC 1.25 06.01.27	50,000,000	$48.8m2.98%	2.98%	Unchanged
11	BOX INC NOTE 1.500% 9/1 · principal BOX 1.5 09.15.29 · principal	BOX 1.5 09.15.29	49,500,000	$48.5m2.96%	2.96%	Unchanged
12	ENPHASE ENERGY INC NOTE 3/0 · principal ENPH 0 03.01.28 · principal	ENPH 0 03.01.28	51,189,000	$48.0m2.93%	2.93%	Added +29.1m	+29,054,000 131.3%
13	MAKEMYTRIP LIMITED MAURITIUS NOTE 7/0 · principal MMYT 0 07.01.30 · principal	MMYT 0 07.01.30	50,500,000	$46.2m2.82%	2.82%	New
14	ETSY INC NOTE 0.125% 9/0 · principal ETSY 0.125 09.01.27 · principal	ETSY 0.125 09.01.27	48,000,000	$45.5m2.78%	2.78%	Unchanged
15	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	41,000,000	$45.3m2.77%	2.77%	Added +6.0m	+6,000,000 17.1%
16	WORKIVA INC NOTE 1.250% 8/1 · principal WK 1.25 08.15.28 · principal	WK 1.25 08.15.28	41,945,000	$39.6m2.41%	2.41%	Added +4.0m	+4,000,000 10.5%
17	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	39,500,000	$39.0m2.38%	2.38%	New
18	BENTLEY SYS INC NOTE 0.375% 7/0 · principal BSY 0.375 07.01.27 · principal	BSY 0.375 07.01.27	40,500,000	$38.9m2.38%	2.38%	Reduced -5.5m	-5,500,000 -12.0%
19	BILL HOLDINGS INC NOTE 4/0 · principal BILL 0 04.01.30 · principal	BILL 0 04.01.30	44,000,000	$38.5m2.35%	2.35%	Unchanged
20	WORLD KINECT CORPORATION NOTE 3.250% 7/0 · principal WKC 3.25 07.01.28 · principal	WKC 3.25 07.01.28	27,463,000	$36.1m2.20%	2.20%	Reduced -5.0m	-5,000,000 -15.4%
21	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	30,000,000	$35.4m2.16%	2.16%	New
22	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	30,000,000	$35.1m2.14%	2.14%	Added +7.5m	+7,500,000 33.3%
23	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	33,500,000	$30.2m1.84%	1.84%	Reduced -3.0m	-3,000,000 -8.2%
24	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	30,403,000	$30.1m1.84%	1.84%	New
25	BIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 · principal BMRN 1.25 05.15.27 · principal	BMRN 1.25 05.15.27	28,058,000	$27.3m1.67%	1.67%	Unchanged
26	TANDEM DIABETES CARE INC NOTE 1.500% 3/1 · principal TNDM 1.5 03.15.29 2024 · principal	TNDM 1.5 03.15.29 2024	27,500,000	$26.4m1.61%	1.61%	New
27	GREENBRIER COS INC NOTE 2.875% 4/1 · principal GBX 2.875 04.15.28 · principal	GBX 2.875 04.15.28	22,810,000	$26.2m1.60%	1.60%	New
28	FLUOR CORP NOTE 1.125% 8/1 · principal FLR 1.125 08.15.29 · principal	FLR 1.125 08.15.29	18,500,000	$24.6m1.50%	1.50%	New
29	SHAKE SHACK INC NOTE 3/0 · principal SHAK 0 03.01.28 · principal	SHAK 0 03.01.28	25,768,000	$24.1m1.47%	1.47%	Unchanged
30	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	20,000,000	$23.9m1.46%	1.46%	New
31	BLOCK INC NOTE 0.250%11/0 · principal XYZ 0.25 11.01.27 · principal	XYZ 0.25 11.01.27	25,000,000	$23.8m1.45%	1.45%	Reduced -62.5m	-62,500,000 -71.4%
32	ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal	ITRI 1.375 07.15.30	21,523,000	$21.5m1.31%	1.31%	New
33	VARONIS SYS INC NOTE 1.000% 9/1 · principal VRNS 1 09.15.29 · principal	VRNS 1 09.15.29	21,500,000	$21.1m1.29%	1.29%	Reduced -14.2m	-14,168,000 -39.7%
34	LIVANOVA PLC NOTE 2.500% 3/1 · principal LIVN 2.5 03.15.29 · principal	LIVN 2.5 03.15.29	14,271,000	$19.5m1.19%	1.19%	New
35	ETSY INC NOTE 0.250% 6/1 · principal ETSY 0.25 06.15.28 · principal	ETSY 0.25 06.15.28	20,000,000	$18.3m1.12%	1.12%	Reduced -29.8m	-29,809,000 -59.9%
36	ETSY INC NOTE 1.000% 6/1 · principal ETSY 1 06.15.30 · principal	ETSY 1 06.15.30	15,000,000	$17.4m1.06%	1.06%	New
37	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 · principal TMDX 1.5 06.01.28 · principal	TMDX 1.5 06.01.28	15,000,000	$16.3m1.00%	1.00%	Reduced -20.0m	-20,000,000 -57.1%
38	IMMUNOCORE HLDGS PLC NOTE 2.500% 2/0 · principal IMCR 2.5 02.01.30 · principal	IMCR 2.5 02.01.30	15,500,000	$14.3m0.87%	0.87%	New
39	MERIT MED SYS INC NOTE 3.000% 2/0 · principal MMSI 3 02.01.29 · principal	MMSI 3 02.01.29	12,000,000	$13.0m0.79%	0.79%	New
40	ALIGNMENT HEALTHCARE INC NOTE 4.250%11/1 · principal ALHC 4.25 11.15.29 · principal	ALHC 4.25 11.15.29	7,500,000	$12.9m0.79%	0.79%	New
41	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	10,000,000	$10.2m0.62%	0.62%	New
42	NUTANIX INC NOTE 0.500%12/1 · principal NTNX 0.5 12.15.29 · principal	NTNX 0.5 12.15.29	10,000,000	$9.9m0.60%	0.60%	New
43	STRIDE INC NOTE 1.125% 9/0 · principal LRN 1.125 09.01.27 · principal	LRN 1.125 09.01.27	5,000,000	$8.5m0.52%	0.52%	New
44	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	2,700,000	$8.0m0.49%	0.49%	New
45	SNAP INC NOTE 5/0 · principal SNAP 0 05.01.27 · principal	SNAP 0 05.01.27	5,500,000	$5.3m0.32%	0.32%	Unchanged
46	SEA LTD NOTE 0.250% 9/1 · principal SEALTD 0.25 09.15.26 · principal	SEALTD 0.25 09.15.26	2,500,000	$2.5m0.15%	0.15%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CONMED CORP CNMD 2.25 06.15.27	CNMD 2.25 06.15.27	29,073,000	$28.4m29.1m shares
LCI INDS LCII 3 03.01.30	LCII 3 03.01.30	19,650,000	$23.8m19.6m shares
ETSY INC ETSY 0.125 10.01.26	ETSY 0.125 10.01.26	22,251,000	$21.9m22.3m shares
PROGRESS SOFTWARE CORP PRGS 1 04.15.26	PRGS 1 04.15.26	20,827,000	$20.8m20.8m shares
MICROCHIP TECHNOLOGY INC. MCHP 0.75 06.01.30	MCHP 0.75 06.01.30	14,168,000	$14.1m14.2m shares
HAEMONETICS CORP MASS HAE 2.5 06.01.29	HAE 2.5 06.01.29	12,500,000	$11.9m12.5m shares
BANDWIDTH INC BAND 0.5 04.01.28	BAND 0.5 04.01.28	8,000,000	$7.2m8.0m shares
REPLIGEN CORP RGEN 1 12.15.28	RGEN 1 12.15.28	6,581,000	$6.4m6.6m shares
LCI INDS LCII 1.125 05.15.26	LCII 1.125 05.15.26	5,000,000	$5.0m5.0m shares