Keyframe Capital Partners, L.P.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Keyframe Capital Partners, L.P. reported 2 stock positions worth $36.0 million. Its top holding was Garrett Motion (GTX) at 54.1% of the portfolio, followed by Forum Energy Technologies (FET, 45.9%). Compared with Q1 2025, it added to 1 and reduced 1. The biggest buy was Forum Energy Technologies (FET, shares +8%) and the biggest sale Garrett Motion (GTX, shares −41%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001830175
Portfolio Value
$36.0M (Q2 2025)
SEC Filing
0001172661-25-003517 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $36.0M $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 · $36.0M
GTX Garrett Motion Inc. 54.06% 1,849,438 $19.4M Reduce -41.2%
FET Forum Energy Technologies Inc. 45.94% 848,519 $16.5M Add +8.5%

Portfolio Sells Q1 2025 → Q2 2025
GTX Garrett Motion Inc. Reduce -41.2% 54.06% −8.54

Portfolio Buys Q1 2025 → Q2 2025
FET Forum Energy Technologies Inc. Add +8.5% 45.94% +8.54

Notes & Other Activity Q1 2025 → Q2 2025
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) NOTE 0.250%12/0 · principal Sold out 5,000,000 $450Kbefore exit

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