New Generation Advisors 13F-HR/A Quarterly holdings report by institutional manager (amended)

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACCO BRANDS CORP	COMMON	00081T108	2,308	345,465	SH		SOLE	NONE	345,465	0	0
ACCURIDE CORP	COMMON	00439T206	4,424	820,703	SH		SOLE	NONE	820,703	0	0
AMEX ENERGY SELECT INDEX 'SPDR'	ETF	81369Y506	17,908	225,803	SH		SOLE	NONE	225,803	0	0
BALTIC TRADING LTD	COMMON	Y0553W103	2,459	601,212	SH		SOLE	NONE	601,212	0	0
BANK OF AMERICA CORP	COMMON	060505104	4,589	376,796	SH		SOLE	NONE	376,796	0	0
BANK OF AMERICA CORP 30.7900 EXP10/28/2018	WTS	060505153	3,688	5,051,476	SH		SOLE	NONE	5,051,476	0	0
BEAZER HOMES USA, INC	COMMON	07556Q881	5,371	339,085	SH		SOLE	NONE	339,085	0	0
BLUELINX HOLDINGS INC	COMMON	09624H109	7,163	2,513,296	SH		SOLE	NONE	2,513,296	0	0
BUILDERS FIRSTSOURCE, INC	COMMON	12008R107	6,360	1,085,281	SH		SOLE	NONE	1,085,281	0	0
COMERICA INCORPORATED 29.4000 EXP11/14/2018	WTS	200340115	2,922	282,365	SH		SOLE	NONE	282,365	0	0
DELTA AIR LINES, INC	COMMON	247361702	10,323	625,235	SH		SOLE	NONE	625,235	0	0
DORAL FINANCIAL CORP	COMMON	25811P886	4,712	6,685,937	SH		SOLE	NONE	6,685,937	0	0
DRYSHIPS INC	COMMON	Y2109Q101	3,742	1,834,545	SH		SOLE	NONE	1,834,545	0	0
EUROSEAS LTD	COMMON	Y23592200	3,710	3,225,895	SH		SOLE	NONE	3,225,895	0	0
EXIDE TECHNOLOGIES	COMMON	302051206	1,835	679,652	SH		SOLE	NONE	679,652	0	0
FAIRPOINT COMMUNICATIONS, INC	COMMON	305560302	10,737	1,437,375	SH		SOLE	NONE	1,437,375	0	0
FELCOR LODGING TRUST INC	COMMON	31430F101	9,147	1,537,378	SH		SOLE	NONE	1,537,378	0	0
GENERAL MOTORS CO 10.0000 EXP07/10/2016	WTS	37045V118	5,839	314,616	SH		SOLE	NONE	314,616	0	0
GENERAL MOTORS CO 18.3300 EXP07/10/2019	WTS	37045V126	6,180	524,180	SH		SOLE	NONE	524,180	0	0
GLOBAL SHIP LEASE, INC	CL A	Y27183105	1,798	399,523	SH		SOLE	NONE	399,523	0	0
JPMORGAN CHASE & CO. 42.4200 EXP10/28/2018	WTS	46634E114	6,406	449,576	SH		SOLE	NONE	449,576	0	0
LEAP WIRELESS INTL INC	COMMON	521863308	4,519	766,660	SH		SOLE	NONE	766,660	0	0
LEAR CORP	COMMON	521865204	6,675	121,651	SH		SOLE	NONE	121,651	0	0
MGIC INVESTMENT CORP	COMMON	552848103	22,208	4,486,473	SH		SOLE	NONE	4,486,473	0	0
METROPCS COMMUNICATIONS, INC	COMMON	591708102	8,507	780,463	SH		SOLE	NONE	780,463	0	0
NATIONAL BANK HOLDINGS CORP CMN CLASS A	CL A	633707104	6,862	374,958	SH		SOLE	NONE	374,958	0	0
PENNYMAC MTG INVT TR	COMMON	70931T103	7,552	291,683	SH		SOLE	NONE	291,683	0	0
THE PNC FINANCIAL SERVICES GROUP, INC. 67.3300 EXP12/31/2018	WTS	693475121	6,169	503,619	SH		SOLE	NONE	503,619	0	0
RADIAN GROUP INC	COMMON	750236101	17,740	1,656,400	SH		SOLE	NONE	1,656,400	0	0
REGIONS FINANCIAL CORP	COMMON	7591EP100	4,613	563,264	SH		SOLE	NONE	563,264	0	0
REVLON INC	CL A	761525609	3,830	171,288	SH		SOLE	NONE	171,288	0	0
SAFE BULKERS INC	COMMON	Y7388L103	1,526	307,600	SH		SOLE	NONE	307,600	0	0
STERLING FINANCIAL CORP	COMMON	859319303	3,134	144,504	SH		SOLE	NONE	144,504	0	0
SUNTRUST BANKS INC	COMMON	867914103	2,929	101,663	SH		SOLE	NONE	101,663	0	0
U.S. CONCRETE INC	COMMON	90333L201	12,960	938,475	SH		SOLE	NONE	938,475	0	0
US AIRWAYS GROUP INC	COMMON	90341W108	644	37,941	SH		SOLE	NONE	37,941	0	0
UNITED CONTINENTAL HOLDING INC	COMMON	910047109	10,780	336,778	SH		SOLE	NONE	336,778	0	0
WELLS FARGO & CO 34.0100 EXP10/28/2018	WTS	949746119	5,312	442,679	SH		SOLE	NONE	442,679	0	0