Credit Acceptance
CACC
215 hedge funds and large institutions have $5.28B invested in Credit Acceptance in 2018 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 70 increasing their positions, 79 reducing their positions, and 13 closing their positions.
169% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 13
15% more capital invested
Capital invested by funds: $4.61B → $5.28B (+$673M)
11% more funds holding
Funds holding: 194 → 215 (+21)
5.46% less ownership
Funds ownership: 67.98% → 62.52% (-5.5%)
6% less funds holding in top 10
Funds holding in top 10: 18 → 17 (-1)
11% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 79
18% less call options, than puts
Call options by funds: $70.8M | Put options by funds: $86.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Axa
Paris,
France
|
+$44.9M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$17M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$11M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.74M |
| 5 |
RA
Rational Advisors
Huntington,
New York
|
+$6.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$221M |
| 2 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$54.5M |
| 3 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$32.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$30.9M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$22.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
226
Giverny Capital
Montreal,
Quebec, Canada
| – | -$351K | -992 | Closed |
|
|
NFGCM
227
Norman Fields Gottscho Capital Management
New York
| – | -$318K | -900 | Closed |
|
228
SEI Investments
Oaks,
Pennsylvania
| – | -$3K | -9 | Closed |
|
CACC Hedge Fund Activity: Q3 2018 in Review
215 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2018, worth a combined $5.28B — up 15% from $4.61B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CACC positions and 13 closed out — a net gain of 22 holders — while 70 added to existing stakes and 79 trimmed.
The largest buyer was Axa, adding an estimated $44.9M. The largest seller was Hound Partners, cutting an estimated $221M.
- 215 institutional investors held Credit Acceptance (CACC) as of Q3 2018, up from 194 in Q2 2018.
- Funds reported $5.28B of Credit Acceptance stock for Q3 2018, up 15% quarter-over-quarter.
- 35 funds opened new Credit Acceptance positions in Q3 2018 and 13 closed out, a net change of +22 holders.
- The largest Credit Acceptance buyer in Q3 2018 was Axa, an estimated $44.9M added.
- The largest Credit Acceptance seller in Q3 2018 was Hound Partners, an estimated $221M sold.
Based on aggregated 13F filings for Q3 2018.