Goldentree Asset Management LP

Name: GOLDENTREE ASSET MANAGEMENT LP 13F holdings, Q3 2025
Creator: GOLDENTREE ASSET MANAGEMENT LP
Published: 2025-11-14

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Goldentree Asset Management LP reported 23 stock positions worth $1.2 billion. Its top holding was Bausch Health Cos (BHC) at 18.8% of the portfolio, followed by Jazz Pharmaceuticals (JAZZ, 12.5%) and MGM Resorts International (MGM, 12.0%). Compared with Q2 2025, it opened 8 new positions, sold out of 10, added to 6 and reduced 7. The biggest buy was a new position in Jazz Pharmaceuticals (JAZZ) and the biggest sale MGM Resorts International (MGM, shares −23%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001278951
Portfolio Value: $1.2B (Q3 2025)
SEC Filing: 0001278951-25-000002 ↗ filed Nov 14, 2025

Holdings Value

Holdings 23 stocks · $1.2B


BHC Bausch Health Cos Inc.	18.77%	34,833,431	$224.4M	Add +1.7%
JAZZ Jazz Pharmaceuticals PLC	12.51%	1,137,106	$149.6M	New
MGM MGM Resorts International	12.04%	4,155,183	$144.0M	Reduce -23.1%
NCLH Norwegian Cruise Line Holdin	6.81%	3,313,561	$81.5M	Reduce -17.1%
PRKS United Parks & Resorts Inc.	5.73%	1,328,507	$68.6M	Add +9.1%
VSXY Victoria's Secret & Co.	5.55%	2,448,507	$66.3M	Reduce -18.1%
CMCSA Comcast Corp. Class A	5.34%	2,034,630	$63.8M	New
GPOR Gulfport Energy Corp.	3.74%	246,796	$44.7M	New
SMA Smartstop Self Storage REIT	3.71%	1,181,767	$44.4M	Add +24.5%
INDV Indivior Ltd.	3.57%	1,771,482	$42.6M	New
BLCO Bausch + Lomb Corp.	3.35%	2,660,508	$40.0M	Add +3.0%
PHM Pultegroup Inc.	3.34%	303,092	$40.0M	New
CRM Salesforce Inc.	3.33%	168,186	$39.8M	New
ALLY Ally Financial Inc.	3.19%	975,205	$38.2M	New
PFSI Pennymac Financial Services	3.06%	296,441	$36.6M	Add +0.8%
ARDT Ardent Health Inc.	1.27%	1,153,113	$15.2M	No change
MPLX MPLX LP	1.22%	293,069	$14.6M	Add +16.1%
CABO Cable One Inc.	1.09%	74,043	$13.0M	New
ASTL Algoma Steel Group Inc.	0.74%	2,493,548	$8.9M	No change
ET Energy Transfer LP	0.60%	415,993	$7.1M	Reduce -24.2%
SNEX Stonex Group Inc.	0.48%	57,191	$5.8M	Reduce -84.0%
NRP Natural Resource Partners LP	0.40%	45,811	$4.8M	Reduce -28.2%
TIMB Tim SA-ADR	0.15%	82,834	$1.8M	Reduce -17.2%

Other holdings (2): bonds, preferreds, convertibles and warrants · $14.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	DEB 3.750% 2/1 · principal	92,401,000	$7.7M	No change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	DEB 4.000%11/1 · principal	75,030,000	$6.8M	No change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q2 2025 → Q3 2025


MGM MGM Resorts International	Reduce -23.1%	12.04%	−6.20
XLV SS Health Care Select Sector	Sold out	0.00%	−4.62
TDW Tidewater Inc.	Sold out	0.00%	−3.30
BYD Boyd Gaming Corp.	Sold out	0.00%	−3.10
THC Tenet Healthcare Corp.	Sold out	0.00%	−3.09
SNEX Stonex Group Inc.	Reduce -84.0%	0.48%	−2.71
WBD Warner Bros Discovery Inc.	Sold out	0.00%	−2.62
LLYVK Liberty Media Corp.-Liberty-C	Sold out	0.00%	−1.98
LILAK Liberty Latin Americ Class C	Sold out	0.00%	−1.35
NCLH Norwegian Cruise Line Holdin	Reduce -17.1%	6.81%	−1.13
MCY Mercury General Corp.	Sold out	0.00%	−1.07
ET Energy Transfer LP	Reduce -24.2%	0.60%	−0.38
NRP Natural Resource Partners LP	Reduce -28.2%	0.40%	−0.20
JBS JBS NV-A	Sold out	0.00%	−0.19
VOD Vodafone Group PLC-SP ADR	Sold out	0.00%	−0.06
TIMB Tim SA-ADR	Reduce -17.2%	0.15%	−0.04
VSXY Victoria's Secret & Co.	Reduce -18.1%	5.55%	+0.12

Portfolio Buys Q2 2025 → Q3 2025


JAZZ Jazz Pharmaceuticals PLC	New	12.51%	+12.51
CMCSA Comcast Corp. Class A	New	5.34%	+5.34
GPOR Gulfport Energy Corp.	New	3.74%	+3.74
INDV Indivior Ltd.	New	3.57%	+3.57
PHM Pultegroup Inc.	New	3.34%	+3.34
CRM Salesforce Inc.	New	3.33%	+3.33
ALLY Ally Financial Inc.	New	3.19%	+3.19
CABO Cable One Inc.	New	1.09%	+1.09
SMA Smartstop Self Storage REIT	Add +24.5%	3.71%	+0.34
PFSI Pennymac Financial Services	Add +0.8%	3.06%	+0.19
PRKS United Parks & Resorts Inc.	Add +9.1%	5.73%	+0.11
BLCO Bausch + Lomb Corp.	Add +3.0%	3.35%	+0.05
MPLX MPLX LP	Add +16.1%	1.22%	−0.05
BHC Bausch Health Cos Inc.	Add +1.7%	18.77%	−3.60

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	29	$1.7B	CMCSA, BHC, WAY, CHTR, CBRE
Q1 2026	27	$1.7B	BHC, CMCSA, MGM, WAY, CBRE
Q4 2025	27	$1.8B	IVV, BHC, CMCSA, MGM, NCLH
Q3 2025Amended	23	$1.2B	BHC, JAZZ, MGM, NCLH, PRKS
Q2 2025	25	$1.0B	BHC, MGM, NCLH, PRKS, VSXY
Q1 2025	31	$1.2B	BHC, MGM, BXP, OC, WBD
Q4 2024	25	$1.2B	IVV, BHC, OC, BXP, TDW
Q3 2024	28	$1.2B	BHC, MGM, CCL, PRKS, BLCO
Q2 2024	36	$1.1B	BHC, PRKS, CCL, BLCO, MGM
Q1 2024	31	$1.2B	BHC, BLCO, PRKS, AER, CRESCENT PT ENERGY CORP