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STANDARD GENERAL L.P.

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NEW YORK NY Investment Advisor Hedge Fund Activist Investor
13F Summary
Standard General is based out of New York. Standard General is a hedge fund with 22 clients and discretionary assets under management (AUM) of $710,540,000 (Form ADV from 2024-05-13). Their last reported 13F filing for Q4 2024 included $202,693,670 in managed 13F securities and a top 10 holdings concentration of 100.0%. Standard General's largest holding is Ballys Corporation with shares held of 8,849,849. Whalewisdom has at least 54 13F filings, 161 13D filings, 25 13G filings, and 88 Form 4 filings
Business Description
Standard General L.P. (Standard General) is a registered investment adviser that provides information about its qualifications and business practices in its firm brochure. The brochure has not been approved or verified by the United States Securities and Exchange Commission (SEC) or any state securities authority. Standard General's advisory business involves providing investment advice and recommendations to clients, as well as buying or selling securities and other financial instruments for its own account or that of certain Funds. Standard General's due diligence process includes dialogue with company management, competitors, suppliers, and customers to understand fundamental performance in the context of business conditions. For event-driven investments, Standard General may reach out to lawyers, financial advisors, and regulatory bodies to grasp the risks involved. Standard General may also employ consultants and industry specialists to better understand the competitive dynamics in a specific industry.
Investment Strategy
Standard General's investment approach emphasizes minimizing frequent portfolio turnover while actively managing portfolio risk and monitoring investment positions. The Chief Investment Officer and team regularly assess the portfolio's investment policy, suitability of investments, cash availability, and investment objectives. They review each investment daily to identify changes that could impact risk or potential return and ensure early recognition of any value diminution. Standard General employs fundamental analysis to evaluate potential investments, considering quantitative and qualitative factors such as a company's business, industry trends, competitive position, financial performance, asset valuation, management team, and legal risks. They approach investing as a potential owner buying a private business, focusing on building positions with optimal risk-reward characteristics and sizing exposures based on their relative attractiveness.
Owners
  • MAUSE, JOSEPH, DANIEL - CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER
  • KIM, SOOHYUNG, (NMN) - CEO & CIO, MANAGING PARTNER
  • STANDARD GENERAL HOLDINGS L.P. - GENERAL PARTNER
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31

Top Buys (13F)

Name % Change

2024-12-31

Top Sells (13F)

Name % Change
BALY Ballys Corporation 0.68%

2024-12-31

13F Holdings Summary

Name $ Change
BALY Ballys Corporation 78.11%
MDIA Mediaco Holding Inc 21.11%
TPB Turning Point Brands 0.78%

2024-12-31

13F Activity

Market Value $203m, Prior: $232m
Inflows (Outflows) as % of Total MV (-15.3575)%
New Purchases 0 stocks
Added To 0 stocks
Sold out of 0 stocks
Reduced holdings in 1 stocks
Top 10 Holdings % 100%
Turnover %[1] 0%
Turnover Alt %[2] 0%
Time Held Top 20 23.6667 quarters
Time Held Top 10 23.3333 quarters
Time Held All 25.33 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance