GOLDENTREE ASSET MANAGEMENT LP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 30 quarters, returned +5.4% per quarter — versus +2.2% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 1.50, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 29 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| BHC | $187M | | HOLD |
| CMCSA | $187M | | TRIM |
| MGM | $177M | | HOLD |
| WAY | $107M | | NEW |
| CBRE | $97M | | NEW |
| NCLH | $97M | | ADD |
| JAZZ | $90M | | ADD |
| ALLY | $83M | | ADD |
| ESTC | $71M | | ADD |
| PRKS | $67M | | TRIM |
| REZI | $57M | | ADD |
| ANIP | $51M | | NEW |
| OVV | $49M | | TRIM |
| VSNT | $48M | | NEW |
| GPOR | $46M | | ADD |
| BLCO | $42M | | HOLD |
| SMA | $40M | | ADD |
| CE | $35M | | NEW |
| FBIN | $31M | | ADD |
| TDS | $22M | | NEW |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.