Opti Capital Management, LP

2. Key Holdings

The portfolio is anchored by several large-cap and mid-cap positions, with the top three holdings—Block Inc., Seagate HDD Cayman, and Live Nation Entertainment—each commanding between 7.4% and 7.9% of the portfolio.

• Top Positions: Block Inc. remains the largest holding at $125.56M (7.85%), followed closely by a massive new position in Seagate HDD Cayman at $125.15M (7.82%). Live Nation Entertainment ($118.14M) rounds out the top three, suggesting a strong tilt toward consumer discretionary and technology themes.
• Significant Weightings: InterDigital Inc (6.86%) and Halozyne Therapeutics (5.24%) represent the next tier of concentration. Notably, Novocure Ltd and Teladoc Health Inc still maintain substantial weights of over 4%, despite the latter seeing a significant reduction this quarter.
• Structure: The top 5 holdings comprise nearly 35% of the total portfolio value, indicating that performance in these specific names will have a disproportionate impact on the firm's overall returns.