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GOLDENTREE ASSET MANAGEMENT LP

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13F filer, CIK 1278951, NEW YORK, NY

GOLDENTREE ASSET MANAGEMENT LP reported $1,845,426,597 across 29 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 72.82% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001278951-26-000001

Period
2025-12-31
Reported value
$1.85B
Holdings
29
Top 10 weight
72.82%
New
8
Sold out
4

Part of the filer group GOLDENTREE ASSET MANAGEMENT LP

How groups are built

Stakes and trades reported after 2025-12-31

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • QVCG QVC GROUP INC: 13D/A 12,679,754 shares, 25.4% of the class, 13D/A filed 2026-10-14, 0001493152-26-047052Timeline
    Accepted , ingested
  • MALLINCKRODT PLC: 13D/A 8,442,827 shares, 21.3% of the class, 13D/A filed 2026-10-06, 0001493152-26-045957
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
IVVnew+376,000$258M
CMCSAadded+5,789,984$173M
OVVnew+1,570,000$61.5M
OCnew+528,201$59M
COFnew+235,684$57M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
JAZZreduced-716,765-$122M
VSXYexited-2,448,507-$66.3M
PHMexited-303,092-$40M
CRMexited-168,186-$39.8M
GPORreduced-95,700-$19.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001278951-26-000001, largest first. % of portfolio is the value over $1,845,426,597, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 545,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 376,000 shares 376,000$258M13.96%newTimeline
BHCBAUSCH HEALTH COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,395,745 shares; 2024Q4: 27,540,075 shares; 2025Q1: 30,250,000 shares; 2025Q2: 34,254,889 shares; 2025Q3: 34,833,431 shares; 2025Q4: 34,665,731 shares 34,665,731$241M13.04%-167,700Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,034,630 shares; 2025Q4: 7,824,614 shares 7,824,614$234M12.66%+5,789,984Timeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000,000 shares; 2024Q4: not reported; 2025Q1: 4,477,282 shares; 2025Q2: 5,402,092 shares; 2025Q3: 4,155,183 shares; 2025Q4: 4,734,946 shares 4,734,946$173M9.36%+579,763Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 970,329 shares; 2025Q1: 3,225,837 shares; 2025Q2: 3,997,792 shares; 2025Q3: 3,313,561 shares; 2025Q4: 4,582,391 shares 4,582,391$102M5.53%+1,268,830Timeline
PRKSUNITED PARKS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,422,652 shares; 2024Q4: 804,795 shares; 2025Q1: 1,335,924 shares; 2025Q2: 1,217,470 shares; 2025Q3: 1,328,507 shares; 2025Q4: 2,438,437 shares 2,438,437$88.4M4.79%+1,109,930Timeline
JAZZJAZZ PHARMACEUTICALS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,137,106 shares; 2025Q4: 420,341 shares 420,341$71.3M3.87%-716,765Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,570,000 shares 1,570,000$61.5M3.33%newTimeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 247,339 shares; 2024Q4: 544,024 shares; 2025Q1: 479,068 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 528,201 shares 528,201$59M3.2%newTimeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 235,684 shares 235,684$57M3.09%newTimeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 975,205 shares; 2025Q4: 1,165,205 shares 1,165,205$52.7M2.85%+190,000Timeline
ESTCELASTIC N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 655,020 shares 655,020$49.3M2.67%newTimeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 975,345 shares 975,345$47.3M2.56%newTimeline
BLCOBAUSCH PLUS LOMB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,355,437 shares; 2024Q4: 1,732,197 shares; 2025Q1: 2,248,269 shares; 2025Q2: 2,583,185 shares; 2025Q3: 2,660,508 shares; 2025Q4: 2,660,508 shares 2,660,508$45.3M2.46%0Timeline
REZIRESIDEO TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,273,489 shares 1,273,489$44.6M2.42%newTimeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,771,482 shares; 2025Q4: 1,241,482 shares 1,241,482$44.5M2.41%-530,000
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 774,102 shares 774,102$38.6M2.09%newTimeline
SMASMARTSTOP SELF STORAG REIT IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 949,301 shares; 2025Q3: 1,181,767 shares; 2025Q4: 1,166,075 shares 1,166,075$36M1.95%-15,692Timeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 246,796 shares; 2025Q4: 151,096 shares 151,096$31.4M1.7%-95,700Timeline
PFSIPENNYMAC FINL SVCS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 294,199 shares; 2025Q3: 296,441 shares; 2025Q4: 227,377 shares 227,377$29.9M1.62%-69,064Timeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 252,500 shares; 2025Q2: 252,500 shares; 2025Q3: 293,069 shares; 2025Q4: 424,886 shares 424,886$22.7M1.23%+131,817Timeline
ARDTARDENT HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,248,611 shares; 2024Q4: 1,348,611 shares; 2025Q1: 1,348,611 shares; 2025Q2: 1,153,113 shares; 2025Q3: 1,153,113 shares; 2025Q4: 2,303,113 shares 2,303,113$20.3M1.1%+1,150,000Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,493,548 shares; 2024Q4: 2,493,548 shares; 2025Q1: 2,493,548 shares; 2025Q2: 2,493,548 shares; 2025Q3: 2,493,548 shares; 2025Q4: 2,493,548 shares 2,493,548$10.2M0.55%0Timeline
CABOCABLE ONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 74,043 shares; 2025Q4: 73,180 shares 73,180$8.21M0.45%-863Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 281,949 shares; 2025Q2: 548,720 shares; 2025Q3: 415,993 shares; 2025Q4: 338,993 shares 338,993$5.59M0.3%-77,000Timeline
NRPNATURAL RESOURCE PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,173 shares; 2024Q4: 63,842 shares; 2025Q1: 63,842 shares; 2025Q2: 63,842 shares; 2025Q3: 45,811 shares; 2025Q4: 31,460 shares 31,460$3.28M0.18%-14,351Timeline
TIMBTIM S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 82,834 shares; 2025Q4: 65,010 shares 65,010$1.26M0.07%-17,824Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1principal94,975,000$5.72M+2,574,000
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1principal75,030,000$4.54M0

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VSXYVICTORIAS SECRET AND CO2,448,507$66.3Mshares
PHMPULTE GROUP INC303,092$40Mshares
CRMSALESFORCE INC168,186$39.8Mshares
SNEXSTONEX GROUP INC57,191$5.77Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001278951-26-000001 base2026-02-17acceptance time not in the bulk data set