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	2,323	357,965	SH		SOLE	NONE	357,965	0	0
ACCURIDE CORP	COMMON	00439T206	5,881	1,262,077	SH		SOLE	NONE	1,262,077	0	0
AMEX ENERGY SELECT INDEX 'SPDR'	ETF	81369Y506	16,817	229,000	SH		SOLE	NONE	229,000	0	0
BALTIC TRADING LTD	COMMON	Y0553W103	1,259	389,836	SH		SOLE	NONE	389,836	0	0
BEAZER HOMES USA, INC	COMMON	07556Q881	5,804	327,000	SH		SOLE	NONE	327,000	0	0
BLUELINX HOLDINGS INC	COMMON	09624H109	4,042	1,727,407	SH		SOLE	NONE	1,727,407	0	0
BUILDERS FIRSTSOURCE, INC	COMMON	12008R107	7,559	1,456,498	SH		SOLE	NONE	1,456,498	0	0
COMERICA INC 29.4000 EXP11/14/2018	WTS	200340115	2,108	290,365	SH		SOLE	NONE	290,365	0	0
DELTA AIR LINES, INC	COMMON	247361702	5,072	553,758	SH		SOLE	NONE	553,758	0	0
DORAL FINANCIAL CORP	COMMON	25811P886	3,693	3,926,122	SH		SOLE	NONE	3,926,122	0	0
EUROSEAS LTD	COMMON	Y23592200	3,053	2,725,895	SH		SOLE	NONE	2,725,895	0	0
EXIDE TECHNOLOGIES	COMMON	302051206	4,090	1,319,342	SH		SOLE	NONE	1,319,342	0	0
FAIRPOINT COMMUNICATIONS, INC	COMMON	305560302	11,000	1,455,040	SH		SOLE	NONE	1,455,040	0	0
FELCOR LODGING TRUST INC	COMMON	31430F101	4,124	870,000	SH		SOLE	NONE	870,000	0	0
FIFTH THIRD BANCORP	COMMON	316773100	2,364	152,445	SH		SOLE	NONE	152,445	0	0
GENERAL MOTORS CO	COMMON	37045V100	3,844	168,965	SH		SOLE	NONE	168,965	0	0
GENERAL MOTORS CO 10.0000 EXP07/10/2016	WTS	37045V118	4,344	315,254	SH		SOLE	NONE	315,254	0	0
GENERAL MOTORS CO 18.3300 EXP07/10/2019	WTS	37045V126	2,769	335,239	SH		SOLE	NONE	335,239	0	0
GLOBAL SHIP LEASE, INC	CL A	Y27183105	399	117,101	SH		SOLE	NONE	117,101	0	0
KEMET CORP	COMMON	488360207	1,770	402,283	SH		SOLE	NONE	402,283	0	0
LEAP WIRELESS INTL INC	COMMON	521863308	2,919	428,660	SH		SOLE	NONE	428,660	0	0
LEAR CORP	COMMON	521865204	9,758	258,219	SH		SOLE	NONE	258,219	0	0
LENNAR CORP	CL A	526057104	5,661	162,805	SH		SOLE	NONE	162,805	0	0
METROPCS COMMUNICATIONS, INC	COMMON	591708102	8,842	755,092	SH		SOLE	NONE	755,092	0	0
MGIC INVESTMENT CORP	COMMON	552848103	7,310	4,777,898	SH		SOLE	NONE	4,777,898	0	0
PARAGON SHIPPING INC	CL A	69913R309	786	1,827,106	SH		SOLE	NONE	1,827,106	0	0
PENNYMAC MTG INVT TR	COMMON	70931T103	6,049	258,843	SH		SOLE	NONE	258,843	0	0
THE PNC FINANCIAL SERVICES GROUP, INC 67.3300 EXP12/31/2018	WTS	693475121	2,943	276,305	SH		SOLE	NONE	276,305	0	0
RADIAN GROUP INC	COMMON	750236101	7,887	1,817,380	SH		SOLE	NONE	1,817,380	0	0
REGIONS FINANCIAL CORP	COMMON	7591EP100	4,053	563,264	SH		SOLE	NONE	563,264	0	0
REVLON INC	CL A	761525609	3,587	232,288	SH		SOLE	NONE	232,288	0	0
STERLING FINANCIAL CORP	COMMON	859319303	554	24,860	SH		SOLE	NONE	24,860	0	0
SUNTRUST BANKS INC	COMMON	867914103	5,738	202,961	SH		SOLE	NONE	202,961	0	0
SUPERVALU INC	COMMON	868536103	482	200,000	SH		SOLE	NONE	200,000	0	0
TENET HEALTHCARE CORP	COMMON	88033G100	2,200	350,867	SH		SOLE	NONE	350,867	0	0
U.S. CONCRETE INC	COMMON	90333L201	6,097	940,910	SH		SOLE	NONE	940,910	0	0
UNITED CONTINENTAL HOLDING INC	COMMON	910047109	6,548	335,778	SH		SOLE	NONE	335,778	0	0
US AIRWAYS GROUP INC	COMMON	90341W108	7,079	676,793	SH		SOLE	NONE	676,793	0	0
VISHAY INTERTECHNOLOGY	COMMON	928298108	2,990	304,179	SH		SOLE	NONE	304,179	0	0
VISTEON CORPORATION	COMMON	92839U206	1,445	32,500	SH		SOLE	NONE	32,500	0	0
WELLS FARGO & CO 34.0100 EXP10/28/2018	WTS	949746119	4,360	441,790	SH		SOLE	NONE	441,790	0	0