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Standard General L.P.

CIK:0001409888
Hedge Fund
$670M AUM
3 holdings
New York, NY, US
Founded:2007
12 employees
Latest filing:Jun 30, 2025

Standard General L.P. is a hedge fund headquartered in New York City, founded in 2007 by Soohyung Kim and Nicholas Singer. The firm specializes in event-driven and opportunistic strategies, focusing on levered U.S. middle-market companies and distressed situations. Its team consists of around 12–17 professionals, serving institutional investors, public and private pension plans, endowments, foundations, high-net-worth individuals, and employees.

Investment Strategy

Standard General pursues an event-driven and opportunistic investment strategy, primarily investing in levered middle-market companies undergoing significant changes or distress. The firm seeks out valuation dislocations, targets control positions in public companies to enable operational or governance improvements, and invests dynamically across the capital structure, including both public and private entities. This approach seeks to generate uncorrelated and differentiated returns, exploiting inefficiencies at the intersection of debt and equity, as well as public and private markets.

Latest 13F Filing Activity

Standard General L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 3 equity positions with a total 13F market value of $384M. The fund increased holdings in Turning PT Brands Inc., Mediaco HLDG Inc., Ballys Corporation. Standard General L.P. reduced exposure to Ballys Corporation, Mediaco HLDG Inc., Turning PT Brands Inc..

Top Buys
B
BALYBALLYS CORPORATION
-$97.3M
M
MDIAMEDIACO HLDG INC
-$1.9M
T
TPBTURNING PT BRANDS INC
+$143.6K
Top Sells
B
BALYBALLYS CORPORATION
-$97.3M
M
MDIAMEDIACO HLDG INC
-$1.9M
T
TPBTURNING PT BRANDS INC
+$143.6K

Top Holdings

B
BALYBALLYS CORPORATION
+89.2%$342.6M
M
MDIAMEDIACO HLDG INC
+10.6%$40.9M
T
TPBTURNING PT BRANDS INC
+0.2%$666.5K

Equity Positions (3)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
BALLYS CORPORATION89.18%$342.6M35,759,744$12.30$9.58-$97.3M
MEDIACO HLDG INC10.65%$40.9M37,531,996$2.43$1.09-$1.9M
TURNING PT BRANDS INC0.17%$666.5K8,796$27.52$75.77+$143.6K

Industry Allocation

HOTELS & MOTELS
+89.0%
RADIO BROADCASTING STATIONS
+10.8%
TOBACCO PRODUCTS
+0.2%