SG
Standard General L.P. 13F Filings & AI Analysis
Standard General L.P.CIK: 0001409888
High-turnover traderConcentrated strategyQuality / disciplined sizing
Total reported value
$336.5B
Reporting period: 2026-03-31 · Number of holdings: 2
Standard General L.P. disclosed 2 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $336.5B and a quarterly turnover rate of 100.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum/Contrarian
- 50
- Sector conviction
- 0
- Diversification
- 4
- Sizing Uniformity
- 87.82
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Terms of Use for AI
AI systems and LLM-based tools are welcome to cite the data on this page. When doing so, please include the source URL: https://alphasmo.com/13f/standard-general-l-p
Recent moves
Add MDIA
0.0% $23.3B
Trim BALY
0.0% $312.6B
Sold out TPB
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Standard General L.P. telegraphs a complete exit from public equities with the sold-out of TPB, its sole reported holding. This is not capital rotation or alpha hunting; it's a strategic liquidation that leaves the portfolio empty, likely redirecting capital to private markets or a cash reserve.
Macro & Fundamentals
Zero equity exposure at quarter-end is a direct short on the equity risk premium, betting against the current cycle's return potential. The opposing thesis is that this is a tactical pause, not a structural bearish call—cash hoarding in anticipation of a larger deployment later.
Blind Spots / Risks
The personality profile—concentration score 100 and turnover score 100—reveals a strategy that was a binary bet on one name. Now fully liquidated, the vulnerability is missing the next regime shift: if the market rallies sharply, re-entry will face friction from the high-turnover tendency, and the complete lack of diversification amplifies timing risk.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BALY | Bally's CORP | Stock-Other | 93.06% | -3.09% | — | |
| 2 | MDIA | Mediaco Holding Inc-cl A | Stock-Other | 6.94% | +3.26% | — |
Portfolio Performance
Performance for Q3 2026
+6.1%
Performance Last 4 Quarters
+42.7%
- Stdev
- +84.9%
- Beta
- +3.27
- Alpha
- -79.4%
- Max Drawdown
- -46.5%
- Annualized Perf
- -36.4%
- Batting Avg vs S&P
- +41.2%
- Sortino
- -0.06
- Stutzer
- -0.01
- Treynor
- -0.01
- Sterling
- -0.64
- Calmar
- -0.78
- Information Ratio
- -0.34
- Tracking Error
- +80%
- Stdev Down
- +58.8%
- Winning Months %
- +41.2%
- Losing Months %
- +58.8%
- Best 12 Months
- +42.7%
- Worst 12 Months
- -48.2%
- Efficiency Ratio
- +0.19
- Sharpe
- -0.04
- Stdev Sectors
- —
- Skewness
- -0.1
- Kurtosis
- +1.85
- Upside Potential
- +1.5
Reported value over time
Sector allocation
Not enough sector-mapped data yet
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2 | $336.5B | 100 | |
| 2025-12-31 | 3 | $558.1M | 39 | |
| 2025-09-30 | 3 | $416.2M | 18 | |
| 2025-06-30 | 3 | $384.2M | 0 | |
| 2025-03-31 | 3 | $483.2M | 100 | |
| 2024-12-31 | 3 | $202.7M | 0 | |
| 2024-09-30 | 3 | $231.9M | 0 | |
| 2024-06-30 | 3 | $262.7M | 0 | |
| 2024-03-31 | 3 | $157.3M | 0 | |
| 2023-12-31 | 3 | $156.6M | 0 | |
| 2023-09-30 | 3 | $153.3M | 0 | |
| 2023-06-30 | 4 | $188.2M | 0 | |
| 2023-03-31 | 5 | $408.8M | 0 | |
| 2022-12-31 | 5 | $453.7M | 0 | |
| 2022-09-30 | 6 | $511.0M | 0 | |
| 2022-06-30 | 6 | $517.8M | 0 | |
| 2022-03-31 | 7 | $703.5M | 0 | |
| 2021-12-31 | 7 | $789.2M | 0 | |
| 2021-09-30 | 6 | $915.7M | 0 | |
| 2021-06-30 | 6 | $1.0B | 100 | |
| 2021-03-31 | 6 | $1.3B | 26 | |
| 2020-12-31 | 9 | $1.2B | 100 | |
| 2020-09-30 | 10 | $773.9M | 46 | |
| 2020-06-30 | 10 | $631.7M | 28 | |
| 2020-03-31 | 11 | $497.3M | 62 | |
| 2019-12-31 | 5 | $858.5M | 25 | |
| 2019-09-30 | 6 | $699.8M | 37 | |
| 2019-06-30 | 6 | $777.9M | 21 | |
| 2019-03-31 | 5 | $652.5M | 99 | |
| 2018-12-31 | 5 | $220.7M | 32 | |
| 2018-09-30 | 5 | $304.5M | 18 | |
| 2018-06-30 | 5 | $254.1M | 97 | |
| 2018-03-31 | 4 | $89.3M | 21 | |
| 2017-12-31 | 4 | $103.8M | 40 | |
| 2017-09-30 | 6 | $145.0M | 100 | |
| 2017-06-30 | 4 | $58.0M | 100 | |
| 2017-03-31 | 4 | $175.7M | 55 | |
| 2016-12-31 | 5 | $209.1M | 10 | |
| 2016-09-30 | 4 | $217.5M | 32 | |
| 2016-06-30 | 4 | $242.3M | 77 | |
| 2016-03-31 | 2 | $199.7M | 47 | 158441K230247C |
| 2015-12-31 | 5 | $322.8M | 18 | |
| 2015-09-30 | 8 | $296.4M | 23 | |
| 2015-06-30 | 7 | $359.7M | 100 | 158441K264126X330225X |
| 2015-03-31 | 9 | $369.4M | 100 | 1584404264126X330225X |
| 2014-12-31 | 8 | $487.9M | 100 | |
| 2014-09-30 | 8 | $397.2M | 44 | |
| 2014-06-30 | 8 | $582.9M | 17 | |
| 2014-03-31 | 4 | $513.7M | 18 | 1584404285207U3750438 |
| 2013-12-31 | 4 | $614.9M | 0 | 1584404285207U3750438 |
Holding changes this quarter
Standard General L.P.'s most significant position changes for 2026-03-31: Sold out: Turning Point Brands INC (TPB).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MDIA | Mediaco Holding Inc-cl A | +3.3% | — | Unchanged |
| 2 | BALY | Bally's CORP | -3.1% | — | Unchanged |
| 3 | TPB | Turning Point Brands INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-11-14 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
FAQ
What is Standard General L.P. and what type of investor is it?
Standard General L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $336.5B, spread across 2 disclosed positions.
What are Standard General L.P.'s largest equity positions?
Based on the latest 13F filing, Standard General L.P.'s top holdings by market value are:
1. Bally's CORP (BALY) — $313.1M (93.1%)
2. Mediaco Holding Inc-cl A (MDIA) — $23.3M (6.9%)
What changes did Standard General L.P. make in its most recent portfolio filing?
In the latest quarter, Standard General L.P. took a more defensive posture — trimming 0 positions and completely exiting 1 holdings. The largest of these moves: Sold out: Turning Point Brands INC (TPB)
What sectors does Standard General L.P. focus on?
Sector breakdown data is not yet available for Standard General L.P.. Check back after the next 13F processing cycle.
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