Keyframe Capital Partners, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Keyframe Capital Partners, L.P. reported 5 stock positions worth $52.0 million. Its top holding was Garrett Motion (GTX) at 57.1% of the portfolio, followed by Forum Energy Technologies (FET, 22.2%) and PBF Energy Class A (PBF, 19.2%). Compared with Q2 2024, it opened 1 new position and added to 1. The biggest buy was PBF Energy Class A (PBF, shares +53%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001830175
Portfolio Value
$52.0M (Q3 2024)
SEC Filing
0001172661-24-005201 ↗ filed Nov 14, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $73.8M Q1 2024 Q2 2024: $54.2M Q2 2024 Q3 2024: $52.0M $52.0M Q3 2024 Q4 2024: $44.9M Q4 2024 Q1 2025: $42.1M Q1 2025 Q2 2025: $36.0M Q2 2025 Q3 2025: $40.8M Q3 2025 Q4 2025: $21.8M Q4 2025 Q1 2026: $229K Q1 2026 Q2 2026: $202K Q2 2026

Holdings 5 stocks · $52.0M
GTX Garrett Motion Inc. 57.05% 3,627,427 $29.7M No change
FET Forum Energy Technologies Inc. 22.18% 746,047 $11.5M No change
PBF PBF Energy Inc. Class A 19.16% 322,000 $10.0M Add +53.3%
EVVAQ Enviva LLC 1.42% 1,823,986 $738K No change
HE Hawaiian Electric Inds 0.19% 10,000 $97K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.4M (not counted above)
SecurityClassShares / PrincipalValueChange
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal 3,475,270$3.4MReduce -49.5%

Total filed on the 13F, all lines: $55.4M.

Portfolio Sells Q2 2024 → Q3 2024
None this quarter.

Portfolio Buys Q2 2024 → Q3 2024
PBF PBF Energy Inc. Class A Add +53.3% 19.16% +1.33
HE Hawaiian Electric Inds New 0.19% +0.19

Notes & Other Activity Q2 2024 → Q3 2024
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal Reduce -49.5% 3,475,270 $3.4M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1$202KSTEM
Q1 2026 1$229KSTEM
Q4 2025 2$21.8MFET, STEM
Q3 2025 3$40.8MFET, GTX, STEM
Q2 2025 2$36.0MGTX, FET
Q1 2025 2$42.1MGTX, FET
Q4 2024 2$44.9MGTX, FET
Q3 2024 5$52.0MGTX, FET, PBF, EVVAQ, HE
Q2 2024 4$54.2MGTX, FET, PBF, EVVAQ
Q1 2024 4$73.8MGTX, FET, PBF, EVVAQ