Keyframe Capital Partners, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Keyframe Capital Partners, L.P. reported 2 stock positions worth $42.1 million. Its top holding was Garrett Motion (GTX) at 62.6% of the portfolio, followed by Forum Energy Technologies (FET, 37.4%). Compared with Q4 2024, it reduced 1. The biggest sale was Garrett Motion (GTX, shares −13%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001830175
Portfolio Value
$42.1M (Q1 2025)
SEC Filing
0001172661-25-002329 ↗ filed May 15, 2025

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 Q3 2024 Q4 2024: $44.9M Q4 2024 Q1 2025: $42.1M $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 2 stocks · $42.1M
GTX Garrett Motion Inc. 62.59% 3,144,738 $26.3M Reduce -13.3%
FET Forum Energy Technologies Inc. 37.41% 782,197 $15.7M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $450K (not counted above)
SecurityClassShares / PrincipalValueChange
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) NOTE 0.250%12/0 · principal 5,000,000$450KNew

Total filed on the 13F, all lines: $42.5M.

Portfolio Sells Q4 2024 → Q1 2025
GTX Garrett Motion Inc. Reduce -13.3% 62.59% −10.40

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

Notes & Other Activity Q4 2024 → Q1 2025
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) NOTE 0.250%12/0 · principal New 5,000,000 $450K

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