Standard General L.P.

Standard General L.P. is a diversified fundamental manager, specialised in services_media (93% of the long book), running a $336.5M US long book across 2 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BALLY'S CORP, MEDIACO HOLDING INC-CL A.

Over the last 9 quarters its long book ran on average 49.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.