Managers / Q1 2020 · view latest →
NEW GENERATION ADVISORS, LLC
CIK 0001107211 · 13 ELM STREET, SUITE 2, MANCHESTER, MA, 01944 · 978-704-6200
Summary
New Generation Advisors, LLC reported $33M in U.S.-listed holdings across 20 positions for Q1 2020.
The portfolio is heavily concentrated: GNW alone accounts for 29.0% of reported value.
Compared with Q4 2019, the fund opened 2 new positions and exited 3.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 87.3% · $29M
- Other · 12.7% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CORNERSTONE BUILDING BRANDS INC | NEW | +533.5K | 533.5K | +$2M | $2M |
| BATLBATTALION OIL CORP | NEW | +101.5K | 101.5K | +$475,000 | $475,000 |
| NII HOLDINGS, INC | SOLD OUT | −6.29M | 0 | −$14M | $0 |
| SANOFI-AVENTIS EXP12/31/2020 | SOLD OUT | −5.74M | 0 | −$5M | $0 |
| DOEURDIAMOND OFFSHORE DRILLING, INC | SOLD OUT | −571.8K | 0 | −$4M | $0 |
| SDSANDRIDGE ENERGY, INC | ADDED | +441.5K | 1.03M | −$2M | $930,000 |
| GLOBALSTAR, INC | ADDED | +3.13M | 9.50M | −$507,000 | $3M |
| PCGP G & E CORP | TRIMMED | −120.1K | 203.9K | −$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GNWGENWORTH FINANCIAL INChistory → | CL A | 29.00% | $10M | 2.87M |
| 2 | GLOBALSTAR, INC | COMMON | 8.52% | $3M | 9.50M |
| 3 | OSGAMBAC FINANCIAL GROUP, INChistory → | COMMON | 8.51% | $3M | 226.8K |
| 4 | BXCBLUELINX HLDGS INChistory → | COMMON | 8.33% | $3M | 552.8K |
| 5 | CORNERSTONE BUILDING BRANDS INC | COMMON | 7.40% | $2M | 533.5K |
| 6 | PCGP G & E CORPhistory → | COMMON | 5.58% | $2M | 203.9K |
| 7 | CIVEO CORP | COMMON | 4.67% | $2M | 3.72M |
| 8 | CMLSQCUMULUS MEDIA INChistory → | CL A | 3.17% | $1M | 192.4K |
| 9 | IHRTIHEARTMEDIA, INChistory → | CL A | 3.10% | $1M | 139.3K |
| 10 | BONANZA CREEK ENERGY, INC | COMMON | 2.99% | $981,000 | 87.2K |
| 11 | SDSANDRIDGE ENERGY, INChistory → | COMMON | 2.83% | $930,000 | 1.03M |
| 12 | INTELSAT S.A. | COMMON | 2.80% | $920,000 | 601.1K |
| 13 | SILVERBOW RESOURCES, INC | COMMON | 1.49% | $491,000 | 198.7K |
| 14 | BATLBATTALION OIL CORPhistory → | COMMON | 1.45% | $475,000 | 101.5K |
| 15 | URBAN ONE INC | COMMON | 1.28% | $422,000 | 443.9K |
| 16 | PENN VIRGINIA CORP | COMMON | 1.14% | $376,000 | 121.8K |
| 17 | TTITETRA TECHNOLOGIES INChistory → | COMMON | 1.13% | $371,000 | 1.16M |
| 18 | AMPYAMPLIFY ENERGY | COMMON | 0.94% | $308,000 | 544.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2020 | $46M | 22 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $39M | 23 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $33M | 20 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $89M | 21 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $107M | 28 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $127M | 32 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $142M | 33 | May 15, 2019 | 13F-HR | changes · 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 ↗.