Opti Capital Management, LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	FASTLY INC	89,646,000	$100,179	7.3%	$1.12	—	NOTE 7.750% 6/0	31188VAD2
—	DEXCOM INC	58,000,000	$53,551	3.9%	$0.92	—	NOTE 0.375% 5/1	252131AM9
—	MARA HOLDINGS INC	51,088,000	$43,106	3.1%	$0.84	—	NOTE 6/0	565788AH9
—	BLACKLINE INC	34,940,000	$37,036	2.7%	$1.06	—	NOTE 1.000% 6/0	09239BAF6
—	ALIBABA GROUP HLDG LTD	20,000,000	$31,125	2.3%	$1.56	—	NOTE 0.500% 6/0	01609WBG6
—	CONFLUENT INC	30,000,000	$29,250	2.1%	$0.97	—	NOTE 1/1	20717MAB9
—	BILL HOLDINGS INC	30,000,000	$27,713	2.0%	$0.92	—	NOTE 4/0	090043AF7
—	VARONIS SYS INC	28,668,000	$26,697	1.9%	$0.93	—	NOTE 1.000% 9/1	922280AD4
—	ADVANCED ENERGY INDS	14,338,000	$23,568	1.7%	$1.64	—	NOTE 2.500% 9/1	007973AE0
—	WORLD KINECT CORPORATION	16,750,000	$17,693	1.3%	$1.06	—	NOTE 3.250% 7/0	98149GAB6
—	SHAKE SHACK INC	7,000,000	$6,619	0.5%	$0.95	—	NOTE 3/0	819047AB7
—	NUTANIX INC	5,000,000	$4,825	0.4%	$0.96	—	NOTE 0.500%12/1	67059NAK4
—	ENOVIS CORPORATION	4,500,000	$4,413	0.3%	$0.98	—	NOTE 3.875%10/1	194014AB2
—	REPLIGEN CORP	2,181,000	$2,399	0.2%	$1.10	—	NOTE 1.000%12/1	759916AD1

Increased Positions (9)

— FIVE9 INC 2.0%

Value ($000) $27,066 (+246.3%) Shares 30,000,000 (+241.1%) Est. Cost $0.90 Unrealized —

— BENTLEY SYS INC 4.4%

Value ($000) $60,323 (+43.7%) Shares 64,000,000 (+43.8%) Est. Cost $0.94 Unrealized —

— MICROCHIP TECHNOLOGY INC. 1.7%

Value ($000) $23,715 (+251.0%) Shares 24,168,000 (+248.1%) Est. Cost $0.98 Unrealized —

— SNAP INC 4.6%

Value ($000) $63,377 (+27.5%) Shares 69,454,000 (+25.2%) Est. Cost $0.86 Unrealized —

— DRAFTKINGS INC NEW 2.3%

Value ($000) $31,866 (+62.4%) Shares 34,750,000 (+59.8%) Est. Cost $0.91 Unrealized —

— TRANSMEDICS GROUP INC 3.8%

Value ($000) $52,539 (+22.8%) Shares 35,000,000 (+16.7%) Est. Cost $1.45 Unrealized —

— BANDWIDTH INC 1.6%

Value ($000) $21,528 (+25.7%) Shares 24,500,000 (+22.5%) Est. Cost $0.84 Unrealized —

— WORKIVA INC 2.5%

Value ($000) $33,766 (+10.8%) Shares 34,000,000 (+10.5%) Est. Cost $0.99 Unrealized —

— BOX INC 0.9%

Value ($000) $12,183 (+20.5%) Shares 12,500,000 (+25.0%) Est. Cost $1.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	FIVE9 INC	30,000,000 (+241.1%)	$27,066 (+246.3%)	2.0%	$0.90	—	NOTE 1.000% 3/1	338307AF8
—	BENTLEY SYS INC	64,000,000 (+43.8%)	$60,323 (+43.7%)	4.4%	$0.94	—	NOTE 0.375% 7/0	08265TAD1
—	MICROCHIP TECHNOLOGY INC.	24,168,000 (+248.1%)	$23,715 (+251.0%)	1.7%	$0.98	—	NOTE 0.750% 6/0	595017BG8
—	SNAP INC	69,454,000 (+25.2%)	$63,377 (+27.5%)	4.6%	$0.86	—	NOTE 0.125% 3/0	83304AAH9
—	DRAFTKINGS INC NEW	34,750,000 (+59.8%)	$31,866 (+62.4%)	2.3%	$0.91	—	NOTE 3/1	26142RAB0
—	TRANSMEDICS GROUP INC	35,000,000 (+16.7%)	$52,539 (+22.8%)	3.8%	$1.45	—	NOTE 1.500% 6/0	89377MAB5
—	BANDWIDTH INC	24,500,000 (+22.5%)	$21,528 (+25.7%)	1.6%	$0.84	—	NOTE 0.500% 4/0	05988JAD5
—	WORKIVA INC	34,000,000 (+10.5%)	$33,766 (+10.8%)	2.5%	$0.99	—	NOTE 1.250% 8/1	98139AAD7
—	BOX INC	12,500,000 (+25.0%)	$12,183 (+20.5%)	0.9%	$1.00	—	NOTE 1.500% 9/1	10316TAD6

Exited Positions (15)

— SEAGATE HDD CAYMAN 9.1%

Value ($000) $125,152 Shares 43,371,000 Est. Cost $2.89 Unrealized —

— INTERDIGITAL INC 8.0%

Value ($000) $109,709 Shares 24,500,000 Est. Cost $2.38 Unrealized —

— HALOZYME THERAPEUTICS INC 6.1%

Value ($000) $83,842 Shares 73,000,000 Est. Cost $1.02 Unrealized —

— NOVOCURE LTD 5.4%

Value ($000) $74,472 Shares 74,846,000 Est. Cost $0.25 Unrealized —

— WESTERN DIGITAL CORP 2.6%

Value ($000) $35,285 Shares 11,000,000 Est. Cost $3.21 Unrealized —

— EXACT SCIENCES CORP 2.5%

Value ($000) $34,213 Shares 35,500,000 Est. Cost $0.94 Unrealized —

— ITRON INC 2.4%

Value ($000) $32,757 Shares 28,500,000 Est. Cost $1.15 Unrealized —

— ASCENDIS PHARMA A/S 2.1%

Value ($000) $28,679 Shares 21,000,000 Est. Cost $1.37 Unrealized —

— GUARDANT HEALTH INC 1.9%

Value ($000) $26,506 Shares 27,388,000 Est. Cost $0.89 Unrealized —

— FIVERR INTL LTD 1.6%

Value ($000) $22,392 Shares 22,476,000 Est. Cost $0.83 Unrealized —

— UPWORK INC 1.6%

Value ($000) $21,825 Shares 22,500,000 Est. Cost $0.00 Unrealized —

— IMPINJ INC 0.5%

Value ($000) $6,214 Shares 3,710,000 Est. Cost $1.43 Unrealized —

— NUTANIX INC 0.3%

Value ($000) $3,445 Shares 2,500,000 Est. Cost $1.38 Unrealized —

— EXACT SCIENCES CORP 0.1%

Value ($000) $1,858 Shares 2,000,000 Est. Cost $0.93 Unrealized —

— SEMTECH CORP 0.1%

Value ($000) $1,419 Shares 720,000 Est. Cost $1.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEAGATE HDD CAYMAN	43,371,000	$125,152	9.1%	$2.89	—	—	81180WBL4
—	INTERDIGITAL INC	24,500,000	$109,709	8.0%	$2.38	—	—	45867GAD3
—	HALOZYME THERAPEUTICS INC	73,000,000	$83,842	6.1%	$1.02	—	—	40637HAD1
—	NOVOCURE LTD	74,846,000	$74,472	5.4%	$0.25	—	—	67011XAB9
—	WESTERN DIGITAL CORP	11,000,000	$35,285	2.6%	$3.21	—	—	958102AT2
—	EXACT SCIENCES CORP	35,500,000	$34,213	2.5%	$0.94	—	—	30063PAB1
—	ITRON INC	28,500,000	$32,757	2.4%	$1.15	—	—	465741AQ9
—	ASCENDIS PHARMA A/S	21,000,000	$28,679	2.1%	$1.37	—	—	04351PAD3
—	GUARDANT HEALTH INC	27,388,000	$26,506	1.9%	$0.89	—	—	40131MAB5
—	FIVERR INTL LTD	22,476,000	$22,392	1.6%	$0.83	—	—	33835LAA3
—	UPWORK INC	22,500,000	$21,825	1.6%	$0.00	—	—	91688FAB0
—	IMPINJ INC	3,710,000	$6,214	0.5%	$1.43	—	—	453204AD1
—	NUTANIX INC	2,500,000	$3,445	0.3%	$1.38	—	—	67059NAH1
—	EXACT SCIENCES CORP	2,000,000	$1,858	0.1%	$0.93	—	—	30063PAC9
—	SEMTECH CORP	720,000	$1,419	0.1%	$1.97	—	—	816850AF8

Decreased Positions (5)

— SEA LTD 0.2%

Value ($000) $2,430 (-95.9%) Shares 2,500,000 (-95.9%) Est. Cost $0.95 Unrealized —

— FASTLY INC 0.5%

Value ($000) $7,395 (-83.5%) Shares 7,432,000 (-83.8%) Est. Cost $0.53 Unrealized —

— LIVE NATION ENTERTAINMENT IN 6.3%

Value ($000) $86,394 (-26.9%) Shares 59,377,000 (-18.5%) Est. Cost $1.58 Unrealized —

— PAR TECHNOLOGY CORP 1.8%

Value ($000) $24,006 (-22.7%) Shares 24,500,000 (-23.4%) Est. Cost $1.10 Unrealized —

— RAPID7 INC 3.3%

Value ($000) $45,927 (-4.0%) Shares 48,250,000 (-4.9%) Est. Cost $0.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEA LTD	2,500,000 (-95.9%)	$2,430 (-95.9%)	0.2%	$0.95	—	NOTE 0.250% 9/1	81141RAG5
—	FASTLY INC	7,432,000 (-83.8%)	$7,395 (-83.5%)	0.5%	$0.53	—	NOTE 3/1	31188VAB6
—	LIVE NATION ENTERTAINMENT IN	59,377,000 (-18.5%)	$86,394 (-26.9%)	6.3%	$1.58	—	NOTE 3.125% 1/1	538034BA6
—	PAR TECHNOLOGY CORP	24,500,000 (-23.4%)	$24,006 (-22.7%)	1.8%	$1.10	—	NOTE 1.500%10/1	698884AE3
—	RAPID7 INC	48,250,000 (-4.9%)	$45,927 (-4.0%)	3.3%	$0.40	—	NOTE 0.250% 3/1	753422AF1

Unchanged Positions (15)

— BLOCK INC 9.3%

Value ($000) $127,291 Shares 137,500,000 Est. Cost $0.79 Unrealized —

— TELADOC HEALTH INC 4.9%

Value ($000) $66,675 Shares 70,000,000 Est. Cost $0.89 Unrealized —

— ENPHASE ENERGY INC 4.0%

Value ($000) $54,516 Shares 55,000,000 Est. Cost $0.96 Unrealized —

— BIOMARIN PHARMACEUTICAL INC 2.3%

Value ($000) $30,896 Shares 32,058,000 Est. Cost $0.95 Unrealized —

— ENVISTA HOLDINGS CORPORATION 1.5%

Value ($000) $20,246 Shares 21,000,000 Est. Cost $0.91 Unrealized —

— TRIPADVISOR INC 2.2%

Value ($000) $29,625 Shares 30,000,000 Est. Cost $0.68 Unrealized —

— DAYFORCE INC 1.6%

Value ($000) $21,328 Shares 21,500,000 Est. Cost $0.61 Unrealized —

— VAIL RESORTS INC 1.5%

Value ($000) $20,431 Shares 20,445,000 Est. Cost $0.94 Unrealized —

— ALARM COM HLDGS INC 1.2%

Value ($000) $16,983 Shares 17,000,000 Est. Cost $0.87 Unrealized —

— PROGRESS SOFTWARE CORP 1.3%

Value ($000) $17,262 Shares 17,327,000 Est. Cost $1.23 Unrealized —

— LCI INDS 0.7%

Value ($000) $9,083 Shares 9,152,000 Est. Cost $1.02 Unrealized —

— ETSY INC 2.0%

Value ($000) $27,843 Shares 30,000,000 Est. Cost $0.92 Unrealized —

— CONMED CORP 1.4%

Value ($000) $19,225 Shares 20,000,000 Est. Cost $0.93 Unrealized —

— SNAP INC 0.4%

Value ($000) $5,170 Shares 5,500,000 Est. Cost $0.93 Unrealized —

— ETSY INC 0.3%

Value ($000) $4,298 Shares 4,809,000 Est. Cost $0.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BLOCK INC	137,500,000	$127,291	9.3%	$0.79	—	NOTE 0.250%11/0	852234AK9
—	TELADOC HEALTH INC	70,000,000	$66,675	4.9%	$0.89	—	NOTE 1.250% 6/0	87918AAF2
—	ENPHASE ENERGY INC	55,000,000	$54,516	4.0%	$0.96	—	NOTE 3/0	29355AAH0
—	BIOMARIN PHARMACEUTICAL INC	32,058,000	$30,896	2.3%	$0.95	—	NOTE 1.250% 5/1	09061GAK7
—	ENVISTA HOLDINGS CORPORATION	21,000,000	$20,246	1.5%	$0.91	—	NOTE 1.750% 8/1	29415FAD6
—	TRIPADVISOR INC	30,000,000	$29,625	2.2%	$0.68	—	NOTE 0.250% 4/0	896945AD4
—	DAYFORCE INC	21,500,000	$21,328	1.6%	$0.61	—	NOTE 0.250% 3/1	15677JAD0
—	VAIL RESORTS INC	20,445,000	$20,431	1.5%	$0.94	—	NOTE 1/0	91879QAN9
—	ALARM COM HLDGS INC	17,000,000	$16,983	1.2%	$0.87	—	NOTE 1/1	011642AB1
—	PROGRESS SOFTWARE CORP	17,327,000	$17,262	1.3%	$1.23	—	NOTE 1.000% 4/1	743312AB6
—	LCI INDS	9,152,000	$9,083	0.7%	$1.02	—	NOTE 1.125% 5/1	501812AB7
—	ETSY INC	30,000,000	$27,843	2.0%	$0.92	—	NOTE 0.125% 9/0	29786AAL0
—	CONMED CORP	20,000,000	$19,225	1.4%	$0.93	—	NOTE 2.250% 6/1	207410AH4
—	SNAP INC	5,500,000	$5,170	0.4%	$0.93	—	NOTE 5/0	83304AAF3
—	ETSY INC	4,809,000	$4,298	0.3%	$0.89	—	NOTE 0.250% 6/1	29786AAN6