13F-HR 1 acn1q11.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: March 31, 2011 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 21st Floor New York, New York 10022 13F File Number: 028-10632 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: 212-847-3549 Signature, Place, and Date of Signing: George Travers New York, NY May 13, 2011 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 Form 13F Information Table Entry Total: 24 Form 13F Information Table Value Total: $848,747 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALCOA INC COM 013817101 10332 585055 SH SOLE 585055 0 0 AVNET INC COM 053807103 10429 305937 SH SOLE 305937 0 0 CACI INTL INC CL A 127190304 8819 143813 SH SOLE 143813 0 0 CAPITAL ONE FINL CORP COM 14040H105 10531 202680 SH SOLE 202680 0 0 CEDAR FAIR L P DEPOSITRY UNIT 150185106 1173 61095 SH SOLE 61095 0 0 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 28079 554595 SH SOLE 554595 0 0 CHEMTURA CORP COM NEW 163893209 10244 595580 SH SOLE 595580 0 0 DANA HLDG CORP COM 235825205 5604 322270 SH SOLE 322270 0 0 DILLARDS INC CL A 254067101 5398 134555 SH SOLE 134555 0 0 DORAL FINL CORP COM NEW 25811P886 1466 1332701 SH SOLE 1332701 0 0 GANNETT INC COM 364730101 41772 2742736 SH SOLE 2742736 0 0 ISHARES TR PUT 464287954 151900 3500000 SH PUT SOLE 3500000 0 0 ISHARES TR PUT 464287955 404875 5469800 SH PUT SOLE 5469800 0 0 KKR & CO L P DEL COM UNITS 48248M102 7746 472000 SH SOLE 472000 0 0 KROGER CO COM 501044101 7065 294757 SH SOLE 294757 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 12127 301690 SH SOLE 301690 0 0 MACYS INC COM 55616P104 10037 413710 SH SOLE 413710 0 0 PACKAGING CORP AMER COM 695156109 7196 249079 SH SOLE 249079 0 0 POPULAR INC COM 733174106 13611 4661260 SH SOLE 4661260 0 0 ROWAN COS INC COM 779382100 12091 273673 SH SOLE 273673 0 0 SAFEWAY INC COM NEW 786514208 10283 436825 SH SOLE 436825 0 0 SPDR S&P 500 ETF TR PUT 78462F953 43700 950000 SH PUT SOLE 950000 0 0 VIACOM INC NEW CL B 92553P201 13454 289200 SH SOLE 289200 0 0 WHITING PETE CORP NEW COM 966387102 20815 283385 SH SOLE 283385 0 0