$540 Million is the total value of GoldenTree Asset Management's 20 reported holdings in Q1 2020. The portfolio turnover from Q4 2019 to Q1 2020 was 120.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VST | Buy | VISTRA ENERGY CORP | $142,268,000 | +211.5% | 8,914,006 | +348.7% | 26.33% | +286.7% |
| BHC | Buy | BAUSCH HEALTH COS INC | $133,990,000 | -37.5% | 8,644,507 | +20.7% | 24.80% | -22.4% |
| ATUS | New | ALTICE USA INCcl a | $34,611,000 | – | 1,552,740 | +100.0% | 6.41% | – |
| DISCA | Buy | DISCOVERY INC | $34,294,000 | -26.0% | 1,764,074 | +24.7% | 6.35% | -8.1% |
| HCA | New | HCA HEALTHCARE INC | $27,245,000 | – | 303,226 | +100.0% | 5.04% | – |
| EGLE | EAGLE BULK SHIPPING INC | $25,487,000 | -59.8% | 13,779,832 | 0.0% | 4.72% | -50.1% | |
| SJR | New | SHAW COMMUNICATIONS INCcl b conv | $22,703,000 | – | 1,401,040 | +100.0% | 4.20% | – |
| WMB | New | WILLIAMS COS INC | $22,176,000 | – | 1,567,213 | +100.0% | 4.10% | – |
| EURN | New | EURONAV NV ANTWERPEN | $13,952,000 | – | 1,236,890 | +100.0% | 2.58% | – |
| GOLD | New | BARRICK GOLD CORPORATION | $12,604,000 | – | 688,000 | +100.0% | 2.33% | – |
| OIBRC | OI SAsponsored adr ne | $12,446,000 | -52.8% | 28,057,918 | 0.0% | 2.30% | -41.4% | |
| SBGI | New | SINCLAIR BROADCAST GROUP INCcl a | $11,622,000 | – | 722,743 | +100.0% | 2.15% | – |
| VOD | New | VODAFONE GROUP PLC NEWsponsored adr | $10,890,000 | – | 790,876 | +100.0% | 2.02% | – |
| FOXA | New | FOX CORP | $10,412,000 | – | 440,639 | +100.0% | 1.93% | – |
| Sell | BAUSCH HEALTH COS INCcall | $7,395,000 | -42.0% | 295,800 | -42.0% | 1.37% | -28.0% | |
| NRP | NATURAL RESOURCE PARTNERS L | $6,837,000 | -39.3% | 560,450 | 0.0% | 1.26% | -24.7% | |
| ORAN | New | ORANGEsponsored adr | $4,996,000 | – | 407,390 | +100.0% | 0.92% | – |
| LAUR | New | LAUREATE EDUCATION INCcl a | $3,541,000 | – | 336,899 | +100.0% | 0.66% | – |
| THC | New | TENET HEALTHCARE CORP | $2,634,000 | – | 182,884 | +100.0% | 0.49% | – |
| AMBCWS | AMBAC FINL GROUP INC*w exp 04/30/202 | $213,000 | -46.3% | 39,906 | 0.0% | 0.04% | -33.9% | |
| PACDQ | Exit | PACIFIC DRILLING SA LUXEMBOU | $0 | – | -160,489 | -100.0% | -0.10% | – |
| ETM | Exit | ENTERCOM COMMUNICATIONS CORPcl a | $0 | – | -423,109 | -100.0% | -0.29% | – |
| EEM | Exit | ISHARES TRmsci emg mkt etf | $0 | – | -150,000 | -100.0% | -1.00% | – |
| GTX | Exit | GARRETT MOTION INC | $0 | – | -1,199,768 | -100.0% | -1.79% | – |
| HUN | Exit | HUNTSMAN CORP | $0 | – | -631,377 | -100.0% | -2.28% | – |
| MT | Exit | ARCELORMITTAL SA LUXEMBOURGny registry sh | $0 | – | -969,645 | -100.0% | -2.54% | – |
| HCC | Exit | WARRIOR MET COAL INC | $0 | – | -833,160 | -100.0% | -2.62% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -90,230 | -100.0% | -3.09% | – |
| SLM | Exit | SLM CORP | $0 | – | -2,944,464 | -100.0% | -3.91% | – |
| NXST | Exit | NEXSTAR MEDIA GROUP INCcl a | $0 | – | -288,439 | -100.0% | -5.04% | – |
| TSU | Exit | TIM PARTICIPACOES S Asponsored adr | $0 | – | -1,974,339 | -100.0% | -5.63% | – |
| PCG | Exit | PG&E CORP | $0 | – | -5,550,187 | -100.0% | -9.00% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-05-15
About GoldenTree Asset Management
GoldenTree Asset Management is a leading global asset management firm that specializes in credit and credit-related investments. The firm was founded in 2000 by Steven Tananbaum, who currently serves as the Chief Investment Officer. GoldenTree has grown significantly since its inception and now manages over $45 billion in assets for a diverse group of institutional investors, including pension funds, endowments, and sovereign wealth funds.
The firm's investment philosophy is centered around a rigorous, research-driven approach to credit analysis. GoldenTree's team of experienced investment professionals conducts extensive due diligence on each investment opportunity, seeking to identify mispricings and inefficiencies in the credit markets. The firm's investment strategies span a range of credit-related asset classes, including high yield bonds, leveraged loans, distressed debt, and structured credit.
GoldenTree's success can be attributed in part to its talented team of investment professionals, which includes seasoned credit analysts, traders, and portfolio managers. In addition to Steven Tananbaum, the firm's leadership team includes COO Robert Matza and President Thomas Humphrey.
Overall, GoldenTree Asset Management has established itself as a leading player in the credit markets, with a track record of delivering strong returns for its investors. While past performance is not indicative of future results, the firm's disciplined investment approach and experienced team suggest that it is well-positioned to continue generating attractive returns for its clients in the years ahead.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| NATURAL RESOURCE PARTNERS L | 23 | Q3 2023 | 4.5% |
| HUNTSMAN CORP | 22 | Q4 2019 | 7.9% |
| BAUSCH HEALTH COS INC | 21 | Q3 2023 | 32.0% |
| DELTA AIR LINES INC DEL | 19 | Q4 2017 | 11.9% |
| AMBAC FINL GROUP INC | 19 | Q1 2023 | 0.1% |
| MGIC INVT CORP WIS | 17 | Q3 2023 | 7.2% |
| VISTRA ENERGY CORP | 16 | Q3 2023 | 26.3% |
| EAGLE BULK SHIPPING INC | 16 | Q2 2020 | 9.6% |
| FAIRPOINT COMMUNICATIONS INC | 15 | Q2 2017 | 10.2% |
| LIBERTY LATIN AMERICA LTD | 14 | Q3 2023 | 4.1% |
View GoldenTree Asset Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| California Resources Corp | February 21, 2023 | 2,543,115 | 3.5% |
| NATURAL RESOURCE PARTNERS LP | February 13, 2023 | 543,469 | 4.3% |
| Noble Corp plc | February 13, 2023 | 697,946 | 0.5% |
| Valaris Ltd | February 13, 2023 | 2,117,025 | 2.8% |
| DENBURY INCSold out | February 10, 2022 | 0 | 0.0% |
| Thryv Holdings, Inc. | February 10, 2022 | 798,704 | 2.4% |
| Eagle Bulk Shipping Inc. | October 06, 2021 | 24 | - |
| NATURAL RESOURCE PARTNERS LP | February 11, 2021 | 560,450 | 4.6% |
| OI S.A. - In Judicial Reorganization | July 02, 2020 | 263,157,080 | 4.5% |
| Kadmon Holdings, Inc. | June 18, 2018 | 3,631,681 | 3.2% |
View GoldenTree Asset Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 4 | 2024-03-12 |
| 4 | 2024-02-20 |
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-13 |
| SC 13G/A | 2024-02-13 |
| SC 13G/A | 2024-02-13 |
| 4 | 2024-02-06 |
| SC 13G | 2023-12-18 |
| 3 | 2023-12-13 |
| 4 | 2023-12-13 |
View GoldenTree Asset Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.