13F-HR 1 gtam3q06.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2006 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GoldenTree Asset Management, LP Address: 300 Park Avenue 20th Floor New York, NY 10022 13F File Number: 28-10632 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: George Travers Title: Chief Compliance Officer Phone: 212-847-3459 Signature, Place, and Date of Signing: /s/ George Travers New York, NY November 13, 2006 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 58 Form13F Information Table Value Total: $1,406,280 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALERIS INTL INC COM 014477103 6110 120900 SH SOLE 120900 0 0 AMERICAN INTL GROUP INC COM 026874107 25131 379280 SH SOLE 379280 0 0 AMKOR TECHNOLOGY INC COM 031652100 4576 886874 SH SOLE 886874 0 0 AMR CORP COM 001765106 15393 665210 SH SOLE 665210 0 0 ANADARKO PETE CORP COM 032511107 12284 280270 SH SOLE 280270 0 0 ANNALY CAP MGMT INC COM 035710409 21326 1623015 SH SOLE 1623015 0 0 AQUILA INC COM 03840P102 4618 1066555 SH SOLE 1066555 0 0 ARROW ELECTRS INC COM 042735100 13389 488100 SH SOLE 488100 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 15370 318160 SH SOLE 318160 0 0 CAREMARK RX INC COM 141705103 7662 135200 SH SOLE 135200 0 0 CBS CORP NEW CL B 124857202 24150 857308 SH SOLE 857308 0 0 CELANESE CORP DEL COM SER A 150870103 16815 939380 SH SOLE 939380 0 0 CEMEX SAB DE CV SPON ADR 5 ORD 151290889 26522 879180 SH SOLE 879180 0 0 CHEMTURA CORP COM 163893100 32195 3713370 SH SOLE 3713370 0 0 CLEAR CHANNEL COMMUNICATIONS CALL 184502902 39213 1568500 SH CALL SOLE 1568500 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 27200 942820 SH SOLE 942820 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 4278 209700 SH SOLE 209700 0 0 CROWN HOLDINGS INC COM 228368106 66954 3599700 SH SOLE 3599700 0 0 D R HORTON INC COM 23331A109 16936 707140 SH SOLE 707140 0 0 EDISON INTL COM 281020107 17714 425420 SH SOLE 425420 0 0 FEDERAL NATL MTG ASSN COM 313586109 33096 591950 SH SOLE 591950 0 0 FOREST OIL CORP COM PAR $0.01 346091705 23308 737840 SH SOLE 737840 0 0 FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 51581 1355600 SH SOLE 1355600 0 0 HCA INC COM 404119109 92332 1850710 SH SOLE 1850710 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 28347 848716 SH SOLE 848716 0 0 HUNTSMAN CORP COM 447011107 44843 2463880 SH SOLE 2463880 0 0 ICO GLOBAL COMM HLDGS LTD DE CL A 44930K108 165 28259 SH SOLE 28259 0 0 JABIL CIRCUIT INC COM 466313103 33885 1186020 SH SOLE 1186020 0 0 LIBERTY GLOBAL INC COM SER C 530555309 31731 1266203 SH SOLE 1266203 0 0 LIBERTY GLOBAL INC COM SER A 530555101 70793 2750298 SH SOLE 2750298 0 0 LORAL SPACE & COMMUNICATNS L COM 543881106 8903 338245 SH SOLE 338245 0 0 M D C HLDGS INC COM 552676108 16767 360975 SH SOLE 360975 0 0 NOVELIS INC COM 67000X106 11188 437190 SH SOLE 437190 0 0 NRG ENERGY INC COM NEW 629377508 30525 673844 SH SOLE 673844 0 0 NTL INC DEL COM 62941W101 33419 1314925 SH SOLE 1314925 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 18805 390870 SH SOLE 390870 0 0 PHELPS DODGE CORP COM 717265102 70140 828100 SH SOLE 828100 0 0 PLAINS EXPL& PRODTN CO COM 726505100 24605 573420 SH SOLE 573420 0 0 PORTLAND GEN ELEC CO COM NEW 736508847 16210 664086 SH SOLE 664086 0 0 PULTE HOMES INC COM 745867101 8964 281370 SH SOLE 281370 0 0 R H DONNELLEY CORP COM NEW 74955W307 76003 1436724 SH SOLE 1436724 0 0 RANGE RES CORP COM 75281A109 14883 589650 SH SOLE 589650 0 0 RTI INTL METALS INC COM 74973W107 16848 386600 SH SOLE 386600 0 0 SINCLAIR BROADCAST GROUP INC CL A 829226109 29941 3814138 SH SOLE 3814138 0 0 SONY CORP ADR NEW 835699307 4478 110600 SH SOLE 110600 0 0 SOVEREIGN BANCORP INC COM 845905108 10619 493680 SH SOLE 493680 0 0 SPRINT NEXTEL CORP CALL 852061900 27165 1811000 SH CALL SOLE 1811000 0 0 SPRINT NEXTEL CORP COM FON 852061100 2976 173500 SH SOLE 173500 0 0 TEMPLE INLAND INC COM 879868107 12706 316850 SH SOLE 316850 0 0 TIME WARNER INC COM 887317105 45098 2473845 SH SOLE 2473845 0 0 TOLL BROTHERS INC COM 889478103 15286 544370 SH SOLE 544370 0 0 TRIBUNE CO NEW CALL 896047907 15990 533000 SH CALL SOLE 533000 0 0 TRIBUNE CO NEW COM 896047107 9325 285000 SH SOLE 285000 0 0 UAL CORP COM NEW 902549807 8537 321285 SH SOLE 321285 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 8446 369859 SH SOLE 369859 0 0 WILLIAMS COS INC DEL COM 969457100 45964 1925590 SH SOLE 1925590 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 12976 463933 SH SOLE 463933 0 0 ZENITH NATL INS CORP COM 989390109 1596 40000 SH SOLE 40000 0 0