SEC 13F Intelligence

Managers / Q3 2020

NEW GENERATION ADVISORS, LLC

CIK 0001107211 · 13 ELM STREET, SUITE 2, MANCHESTER, MA, 01944 · 978-704-6200

Reported Value
$46M
Q3 2020
Positions
22
Filings on Record
7
2019–present window
Filed
Nov 16, 2020
original filing

Summary

New Generation Advisors, LLC reported $46M in U.S.-listed holdings across 22 positions for Q3 2020.

Its largest position, GNW, represents 19.6% of the portfolio.

Compared with Q2 2020, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+75.4%
share of reported value
Largest Position
+19.6%
Genworth Financial
New / Exited
2 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $142MQ1 ’19Q2 ’19: $127MQ2 ’19Q3 ’19: $107MQ3 ’19Q4 ’19: $89MQ4 ’19Q1 ’20: $33MQ1 ’20Q2 ’20: $39MQ2 ’20Q3 ’20: $46MQ3 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 88.5%Other: 6.7%REIT: 4.8%
  • Common Stock · 88.5% · $40M
  • Other · 6.7% · $3M
  • REIT · 4.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SICSELECT INTERIOR CONCEPTS, INCNEW+269.9K269.9K+$2M$2M
DIGICEL GROUP 0.5 LTDNEW+1.02M1.02M+$130,000$130,000
EPR PROPERTIES CONV PFD USD1.4375SOLD OUT−53.2K0−$969,000$0
INTELSAT S.A.SOLD OUT−601.1K0−$325,000$0
BATLBATTALION OIL CORPSOLD OUT−9.5K0−$90,000$0
BXCBLUELINX HLDGS INCTRIMMED−111.5K107.3K+$435,000$2M
PCGP G & E CORPADDED+79.6K283.5K+$854,000$3M
CIVEO CORPADDED+840.7K4.56M+$786,000$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GNWGENWORTH FINANCIAL INChistory →CL A19.62%$9M2.67M
2CORNERSTONE BUILDING BRANDS INCCOMMON10.60%$5M605.7K
3CIVEO CORPCOMMON6.76%$3M4.56M
4OSGAMBAC FINANCIAL GROUP, INChistory →COMMON6.35%$3M226.8K
5GLOBALSTAR, INCCOMMON6.14%$3M9.13M
6PCGP G & E CORPhistory →COMMON5.84%$3M283.5K
7NATIONAL CINEMEDIA INCCOMMON5.79%$3M973.3K
8BXCBLUELINX HLDGS INChistory →COMMON5.07%$2M107.3K
9EPREPR PROPERTIEShistory →COMMON4.82%$2M80.0K
10IMAXIMAX CORPhistory →COMMON4.44%$2M169.3K
11SICSELECT INTERIOR CONCEPTS, INChistory →CL A4.08%$2M269.9K
12SDSANDRIDGE ENERGY, INChistory →COMMON3.13%$1M865.4K
13PENN VIRGINIA CORPCOMMON2.62%$1M121.3K
14IHRTIHEARTMEDIA, INChistory →CL A2.48%$1M139.3K
15BONANZA CREEK ENERGY, INCCOMMON2.27%$1M55.1K
16CMLSQCUMULUS MEDIA INChistory →CL A2.27%$1M192.4K
17TTITETRA TECHNOLOGIES INChistory →COMMON1.30%$592,0001.16M
18SILVERBOW RESOURCES, INCCOMMON1.28%$584,000148.7K
19AMPYAMPLIFY ENERGYCOMMON0.69%$316,000370.4K
20DIGICEL GROUP 0.5 LTDNOTE0.29%$130,0001.02M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020$46M22Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$39M23Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$33M20May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$89M21Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$107M28Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$127M32Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$142M33May 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.