New Generation Advisors 13F-HR Quarterly holdings report by institutional manager

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
Estimated average burden
hours per response:		23.8

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
AMBAC FINANCIAL GROUP, INC 16.6700 EXP04/30/2023	COMMON	023139116	2,958	355,549	SH	Call	SOLE	NONE	355,549	0	0
AMBAC FINANCIAL GROUP, INC	COMMON	023139884	4,621	236,345	SH		SOLE	NONE	236,345	0	0
BLUELINX HLDGS INC	COMMON	09624H208	11,826	365,805	SH		SOLE	NONE	365,805	0	0
BONANZA CREEK ENERGY, INC	COMMON	097793400	1,952	87,182	SH		SOLE	NONE	87,182	0	0
C&J OLDCO, INC	COMMON	12674R100	2,866	267,123	SH		SOLE	NONE	267,123	0	0
CIVEO CORP	COMMON	17878Y108	5,004	3,940,296	SH		SOLE	NONE	3,940,296	0	0
CLEAR CHANNEL OUTDOOR HOLDINGS, INC	COMMON	18453H106	444	176,269	SH		SOLE	NONE	176,269	0	0
CONTURA ENERGY, INC	COMMON	21241B100	3,970	141,987	SH		SOLE	NONE	141,987	0	0
CUMULUS MEDIA INC	CL A	231082801	3,081	211,899	SH		SOLE	NONE	211,899	0	0
GENWORTH FINANCIAL INC	CL A	37247D106	13,325	3,028,370	SH		SOLE	NONE	3,028,370	0	0
GLOBALSTAR, INC	COMMON	378973408	3,929	9,497,881	SH		SOLE	NONE	9,497,881	0	0
HIGHPOINT RESOURCES CORP	COMMON	43114K108	1,516	953,210	SH		SOLE	NONE	953,210	0	0
HOVNANIAN ENTERPRISES, INC	COMMON	442487401	196	10,200	SH		SOLE	NONE	10,200	0	0
IHEARTMEDIA, INC	CL A	45174J509	1,039	69,268	SH		SOLE	NONE	69,268	0	0
INTELSAT S.A.	COMMON	L5140P101	11,084	486,142	SH		SOLE	NONE	486,142	0	0
NII HOLDINGS, INC	CL B	62913F508	12,336	6,293,953	SH		SOLE	NONE	6,293,953	0	0
P G & E CORP	COMMON	69331C108	2,795	279,492	SH		SOLE	NONE	279,492	0	0
PACIFIC DRILLING S.A.	COMMON	L7257P205	956	244,394	SH		SOLE	NONE	244,394	0	0
PENN VIRGINIA CORP	COMMON	70788V102	2,817	96,902	SH		SOLE	NONE	96,902	0	0
SANDRIDGE ENERGY, INC	COMMON	80007P869	1,806	384,263	SH		SOLE	NONE	384,263	0	0
SANOFI-AVENTIS EXP12/31/2020	RTS	80105N113	3,387	5,941,870	SH		SOLE	NONE	5,941,870	0	0
SEADRILL LIMITED	COMMON	G7998G106	688	327,526	SH		SOLE	NONE	327,526	0	0
SILVERBOW RESOURCES, INC	COMMON	82836G102	1,926	198,724	SH		SOLE	NONE	198,724	0	0
TETRA TECHNOLOGIES INC	COMMON	88162F105	4,699	2,337,889	SH		SOLE	NONE	2,337,889	0	0
URBAN ONE INC	COMMON	91705J204	1,620	843,869	SH		SOLE	NONE	843,869	0	0
VALARIS PLC	COMMON	G9402V109	2,703	561,981	SH		SOLE	NONE	561,981	0	0
VISTRA ENERGY CORP 35.0000 EXP02/02/2024	COMMON	92840M128	189	92,138	SH	Call	SOLE	NONE	92,138	0	0
VISTRA ENERGY CORP	COMMON	92840M102	3,247	121,462	SH		SOLE	NONE	121,462	0	0