King Street Capital Management, L.P. disclosed a 12.3% passive stake in New Fortress Energy Inc.'s Series A Mandatorily Convertible Preferred Stock via a Schedule 13G filed October 7, 2026. The stake consists of 301,730 preferred shares, held in the ordinary course of business with no intent to influence control. This is a new passive disclosure by a notable hedge fund, but the filing is routine for a 13G and the preferred stock structure limits common equity implications.
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Executive Summary
King Street Capital Management, L.P. disclosed a 12.3% passive stake in New Fortress Energy Inc.'s Series A Mandatorily Convertible Preferred Stock via a Schedule 13G filed October 7, 2026. The stake consists of 301,730 preferred shares, held in the ordinary course of business with no intent to influence control. This is a new passive disclosure by a notable hedge fund, but the filing is routine for a 13G and the preferred stock structure limits common equity implications.
Key Facts
- King Street Capital Management disclosed a 12.3% stake in New Fortress Energy's Series A Mandatorily Convertible Preferred Stock
- Stake comprises 301,730 preferred shares as of September 30, 2026
- Percentage based on 2,454,936 preferred shares outstanding as of September 11, 2026 per company 8-K
- Filed as passive (Rule 13d-1(b)) with certification of no intent to change or influence control
- Joint filing by King Street Capital Management, L.P., King Street Capital Management GP, L.L.C., and Brian J. Higgins
- This is a new disclosure; no prior 13G from King Street on this security was found in the provided context
Financial Impact
301,730 preferred shares representing 12.3% of the preferred stock series; no dollar value disclosed
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000895345-26-000449 |
| Document: 0000895345-26-000449-index-headers.html | 0000895345-26-000449 |
| Document: 0000895345-26-000449-index.html | 0000895345-26-000449 |
| Document: 0000895345-26-000449.txt | 0000895345-26-000449 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | SC 13D/A | $3.98 $3.76 | ▲ +5.53% | ▲ +5.98% | $3.45 (+13.32%) |
Oct 7, 2026 19d ago | SC 13G | $4.32 $4.18 | ▼ −3.24% | ▼ −2.96% | $3.45 (−20.14%) |
Oct 7, 2026 19d ago | SC 13G | $4.96 $3.98 | ▼ −19.68% | ▼ −18.70% | $3.45 (−30.37%) |
Oct 6, 2026 20d ago | SC 13G | $4.96 $3.98 | ▼ −19.68% | ▼ −18.70% | $3.45 (−30.37%) |
Oct 5, 2026 22d ago | 8-K | $5.87 $4.22 | ▲ +28.11% | ▲ +28.53% | $3.45 (+41.23%) |
Oct 1, 2026 25d ago | 3 | $6.57 $4.35 | ▼ −33.79% | ▼ −34.95% | $3.45 (−47.49%) |
Sep 23, 2026 4w ago | 3 | $6.40 $6.27 | ▼ −2.03% | ▼ −1.36% | $3.45 (−46.09%) |
Sep 18, 2026 5w ago | SC 13D | $10.82 $6.48 | ▼ −40.11% | ▼ −39.09% | $3.45 (−68.11%) |
Sep 15, 2026 5w ago | SC 13D/A | $12.51 $6.40 | ▼ −48.84% | ▼ −50.67% | $3.45 (−72.42%) |
Jun 25, 2026 17w ago | 8-K | $0.3359 $0.3781 | ▼ −12.56% | ▼ −9.51% | $3.45 (−927.09%) |
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