Goldentree Asset Management LP

Name: GOLDENTREE ASSET MANAGEMENT LP 13F holdings, Q4 2025
Creator: GOLDENTREE ASSET MANAGEMENT LP
Published: 2026-02-17

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Goldentree Asset Management LP reported 27 stock positions worth $1.8 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 14.0% of the portfolio, followed by Bausch Health Cos (BHC, 13.1%) and Comcast Class A (CMCSA, 12.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 4, added to 7 and reduced 10. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale Jazz Pharmaceuticals (JAZZ, shares −63%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001278951
Portfolio Value: $1.8B (Q4 2025)
SEC Filing: 0001278951-26-000001 ↗ filed Feb 17, 2026

Holdings Value

Holdings 27 stocks · $1.8B


IVV iShares Core S&P 500 ETF	14.03%	376,000	$257.5M	New
BHC Bausch Health Cos Inc.	13.11%	34,665,731	$240.6M	Reduce -0.5%
CMCSA Comcast Corp. Class A	12.73%	7,824,614	$233.6M	Add +284.6%
MGM MGM Resorts International	9.41%	4,734,946	$172.8M	Add +13.9%
NCLH Norwegian Cruise Line Holdin	5.56%	4,582,391	$102.1M	Add +38.3%
PRKS United Parks & Resorts Inc.	4.82%	2,438,437	$88.4M	Add +83.5%
JAZZ Jazz Pharmaceuticals PLC	3.89%	420,341	$71.3M	Reduce -63.0%
OVV Ovintiv Inc.	3.35%	1,570,000	$61.5M	New
OC Owens Corning	3.22%	528,201	$59.0M	New
COF Capital One Financial Corp.	3.11%	235,684	$57.0M	New
ALLY Ally Financial Inc.	2.87%	1,165,205	$52.7M	Add +19.5%
ESTC Elastic NV	2.69%	655,020	$49.3M	New
SOLS Solstice Adv Materials Inc.	2.58%	975,345	$47.3M	New
BLCO Bausch + Lomb Corp.	2.47%	2,660,508	$45.3M	No change
REZI Resideo Technologies Inc.	2.43%	1,273,489	$44.6M	New
INDV Indivior Ltd.	2.42%	1,241,482	$44.5M	Reduce -29.9%
FBIN Fortune Brands Innovations I	2.11%	774,102	$38.6M	New
SMA Smartstop Self Storage REIT	1.96%	1,166,075	$36.0M	Reduce -1.3%
GPOR Gulfport Energy Corp.	1.71%	151,096	$31.4M	Reduce -38.8%
PFSI Pennymac Financial Services	1.63%	227,377	$29.9M	Reduce -23.3%
MPLX MPLX LP	1.24%	424,886	$22.7M	Add +45.0%
ARDT Ardent Health Inc.	1.11%	2,303,113	$20.3M	Add +99.7%
ASTL Algoma Steel Group Inc.	0.56%	2,493,548	$10.2M	No change
CABO Cable One Inc.	0.45%	73,180	$8.2M	Reduce -1.2%
ET Energy Transfer LP	0.30%	338,993	$5.6M	Reduce -18.5%
NRP Natural Resource Partners LP	0.18%	31,460	$3.3M	Reduce -31.3%
TIMB Tim SA-ADR	0.07%	65,010	$1.3M	Reduce -21.5%

Other holdings (2): bonds, preferreds, convertibles and warrants · $10.3M (not counted above)

Security	Class	Shares / Principal	Value	Change
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	DEB 3.750% 2/1 · principal	94,975,000	$5.7M	Add +2.8%
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	DEB 4.000%11/1 · principal	75,030,000	$4.5M	No change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q3 2025 → Q4 2025


JAZZ Jazz Pharmaceuticals PLC	Reduce -63.0%	3.89%	−8.62
BHC Bausch Health Cos Inc.	Reduce -0.5%	13.11%	−5.65
VSXY Victoria's Secret & Co.	Sold out	0.00%	−5.55
PHM Pultegroup Inc.	Sold out	0.00%	−3.34
CRM Salesforce Inc.	Sold out	0.00%	−3.33
GPOR Gulfport Energy Corp.	Reduce -38.8%	1.71%	−2.02
SMA Smartstop Self Storage REIT	Reduce -1.3%	1.96%	−1.75
PFSI Pennymac Financial Services	Reduce -23.3%	1.63%	−1.43
INDV Indivior Ltd.	Reduce -29.9%	2.42%	−1.14
CABO Cable One Inc.	Reduce -1.2%	0.45%	−0.64
SNEX Stonex Group Inc.	Sold out	0.00%	−0.48
ET Energy Transfer LP	Reduce -18.5%	0.30%	−0.29
NRP Natural Resource Partners LP	Reduce -31.3%	0.18%	−0.22
TIMB Tim SA-ADR	Reduce -21.5%	0.07%	−0.09

Portfolio Buys Q3 2025 → Q4 2025


IVV iShares Core S&P 500 ETF	New	14.03%	+14.03
CMCSA Comcast Corp. Class A	Add +284.6%	12.73%	+7.39
OVV Ovintiv Inc.	New	3.35%	+3.35
OC Owens Corning	New	3.22%	+3.22
COF Capital One Financial Corp.	New	3.11%	+3.11
ESTC Elastic NV	New	2.69%	+2.69
SOLS Solstice Adv Materials Inc.	New	2.58%	+2.58
REZI Resideo Technologies Inc.	New	2.43%	+2.43
FBIN Fortune Brands Innovations I	New	2.11%	+2.11
MPLX MPLX LP	Add +45.0%	1.24%	+0.01
ARDT Ardent Health Inc.	Add +99.7%	1.11%	−0.17
ALLY Ally Financial Inc.	Add +19.5%	2.87%	−0.32
PRKS United Parks & Resorts Inc.	Add +83.5%	4.82%	−0.92
NCLH Norwegian Cruise Line Holdin	Add +38.3%	5.56%	−1.25
MGM MGM Resorts International	Add +13.9%	9.41%	−2.63

Notes & Other Activity Q3 2025 → Q4 2025


LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	DEB 3.750% 2/1 · principal	Add +2.8%	94,975,000	$5.7M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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