New Generation Advisors 13F annual report
New Generation Advisors is an investment fund managing more than $43.6 million ran by Darren Beals. There are currently 19 companies in Mr. Beals’s portfolio. The largest investments include Genworth and Cornerstone Building Brands Inc, together worth $13.8 million.
$43.6 million Assets Under Management (AUM)
As of 9th November 2020, New Generation Advisors’s top holding is 2,670,493 shares of Genworth currently worth over $8.95 million and making up 20.5% of the portfolio value.
Relative to the number of outstanding shares of Genworth, New Generation Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 605,746 shares of Cornerstone Building Brands Inc worth $4.83 million.
The third-largest holding is Civeo worth $3.08 million and the next is Ambac worth $2.9 million, with 226,769 shares owned.
Currently, New Generation Advisors's portfolio is worth at least $43.6 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at New Generation Advisors
The New Generation Advisors office and employees reside in Manchester, Massachusetts. According to the last 13-F report filed with the SEC, Darren Beals serves as the Chief Financial Officer at New Generation Advisors.
Recent trades
In the most recent 13F filing, New Generation Advisors revealed that it had opened a new position in
Select Interior Concepts and bought 269,857 shares worth $1.86 million.
This means they effectively own approximately 0.1% of the company.
Select Interior Concepts makes up
100.0%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Cornerstone Building Brands Inc by buying
30,000 additional shares.
This makes their stake in Cornerstone Building Brands Inc total 605,746 shares worth $4.83 million.
On the other hand, there are companies that New Generation Advisors is getting rid of from its portfolio.
New Generation Advisors closed its position in Epr Properties Conv Pfd Usd1.4375 on 16th November 2020.
It sold the previously owned 53,204 shares for $969 thousand.
Darren Beals also disclosed a decreased stake in Globalstar by approximately 0.1%.
This leaves the value of the investment at $2.8 million and 9,126,567 shares.
One of the smallest hedge funds
The two most similar investment funds to New Generation Advisors are Gso Capital Partners L.P. and Monaco Asset Management Sam. They manage $43.6 million and $43.6 million respectively.
Darren Beals investment strategy
New Generation Advisors’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 27.2% of
the total portfolio value.
The fund focuses on investments in the United States as
78.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
21% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $504 million.
The complete list of New Generation Advisors trades based on 13F SEC filings
These positions were updated on November 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Genworth Financial, Inc. |
No change
2,670,493
|
$8,946,000 | 20.53% |
| Cornerstone Building Brands Inc |
5.21%
605,746
|
$4,834,000 | 11.09% |
| Civeo Corp. |
22.58%
4,563,702
|
$3,081,000 | 7.07% |
| Ambac Financial Group, Inc. |
No change
226,769
|
$2,896,000 | 6.65% |
| Globalstar, Inc. |
3.93%
9,126,567
|
$2,800,000 | 6.43% |
| P G & E Corp |
39.04%
283,487
|
$2,662,000 | 6.11% |
| National CineMedia, Inc. |
No change
973,281
|
$2,642,000 | 6.06% |
| BlueLinx Holdings, Inc. |
50.96%
107,293
|
$2,310,000 | 5.30% |
| EPR Properties |
No change
80,000
|
$2,200,000 | 5.05% |
| IMAX Corp. |
No change
169,300
|
$2,025,000 | 4.65% |
| Select Interior Concepts, Inc. |
Opened
269,857
|
$1,862,000 | 4.27% |
| SandRidge Energy, Inc. |
No change
865,370
|
$1,428,000 | 3.28% |
| Penn Virginia Corp. |
No change
121,298
|
$1,195,000 | 2.74% |
| iHeartMedia, Inc. |
No change
139,328
|
$1,131,000 | 2.60% |
| Bonanza Creek Energy, Inc. |
No change
55,082
|
$1,036,000 | 2.38% |
| Cumulus Media, Inc. |
No change
192,450
|
$1,033,000 | 2.37% |
| Epr Properties Conv Pfd Usd1.4375 |
Closed
53,204
|
$969,000 | |
| TETRA Technologies, Inc. |
No change
1,158,900
|
$592,000 | 1.36% |
| SilverBow Resources, Inc. |
No change
148,724
|
$584,000 | 1.34% |
| Intelsat S.a. |
Closed
601,142
|
$325,000 | |
| Amplify Energy |
5.36%
370,399
|
$316,000 | 0.73% |
| Battalion Oil Corp. |
Closed
9,456
|
$90,000 | |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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