GOLDENTREE ASSET MANAGEMENT LP
Long book
$1.68B
Q1 2026
Positions
27
Top-10 weight
69%
concentration
Last quarter
+5.7%
SPY +14.8%
Turnover
46%
of book per quarter
Strategy in plain words
auto-generated from filingsGOLDENTREE ASSET MANAGEMENT LP is a concentrated fundamental stock-picker, running a $1.68B US long book across 27 positions.
The portfolio is concentrated: the top 10 names carry 69% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BAUSCH HEALTH COS INC, COMCAST CORP-CLASS A, MGM RESORTS INTERNATIONAL, WAYSTAR HOLDING CORP, CBRE GROUP INC - A.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.9%
Q2 2024
+10.6%
Q3 2024
+5.4%
Q4 2024
-12.3%
Q1 2025
+7.1%
Q2 2025
+9.4%
Q3 2025
+10.9%
Q4 2025
-4.3%
Q1 2026
+5.7%
Sector allocation
Healthcare 24%
Communications 16%
Services media 15%
Technology 12%
Industrials 7%
Energy 7%
Real estate 6%
Financials 5%
Long book by quarter
What does GOLDENTREE ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BHC BAUSCH HEALTH COS INC | Healthcare | 34.7M | $187.0M | 11.1% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 6.5M | $187.0M | 11.1% | -16.7% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 4.8M | $176.6M | 10.5% | +0.8% |
| WAY WAYSTAR HOLDING CORP | Technology | 4.4M | $107.0M | 6.4% | New |
| CBRE CBRE GROUP INC - A | Real estate | 718.6K | $97.2M | 5.8% | New |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 5.2M | $97.0M | 5.8% | +13.4% |
| JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 475.6K | $89.8M | 5.3% | +13.1% |
| ALLY ALLY FINANCIAL INC | Financials | 2.1M | $83.4M | 5.0% | +82.7% |
| ESTC ELASTIC NV | Technology | 1.4M | $71.3M | 4.2% | +118.2% |
| PRKS UNITED PARKS & RESORTS INC | Services media | 2.1M | $67.2M | 4.0% | -15.5% |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 1.7M | $56.9M | 3.4% | +32.8% |
| ANIP ANI PHARMACEUTICALS INC | Healthcare | 668.0K | $51.3M | 3.1% | New |
| OVV OVINTIV INC | Energy | 825.5K | $49.0M | 2.9% | -47.4% |
| VSNT VERSANT MEDIA GROUP INC | Communications | 1.3M | $48.3M | 2.9% | New |
| GPOR GULFPORT ENERGY CORP | Energy | 216.3K | $45.8M | 2.7% | +43.1% |
| BLCO BAUSCH + LOMB CORP | Healthcare | 2.7M | $42.2M | 2.5% | Held |
| CE CELANESE CORP | Materials | 530.9K | $34.9M | 2.1% | New |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 806.3K | $31.4M | 1.9% | +4.2% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 516.0K | $21.7M | 1.3% | New |
| WK WORKIVA INC | Technology | 358.2K | $21.3M | 1.3% | New |
| ARDT ARDENT HEALTH INC | Healthcare | 2.3M | $19.7M | 1.2% | Held |
| MPLX MPLX LP | Energy | 344.7K | $19.7M | 1.2% | -18.9% |
| OC OWENS CORNING | Industrials | 176.2K | $19.0M | 1.1% | -66.6% |
| CABO CABLE ONE INC | Communications | 73.2K | $6.6M | 0.4% | Held |
| ET ENERGY TRANSFER LP | Utilities | 259.8K | $5.0M | 0.3% | -23.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 29 | $1.69B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 29 | $1.85B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ANEW HOLDINGS | Dec 2, 2025 | 2 | $192.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 23 | $1.02B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 27 | $1.04B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 34 | $1.40B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 28 | $1.30B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 32 | $1.25B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 41 | $1.20B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 28, 2024 | 37 | $1.26B | canonical | SEC ↗ |
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