Credit Acceptance
CACC
227 hedge funds and large institutions have $4.58B invested in Credit Acceptance in 2018 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 70 increasing their positions, 78 reducing their positions, and 26 closing their positions.
50% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 26
18% more funds holding in top 10
Funds holding in top 10: 17 → 20 (+3)
6% more funds holding
Funds holding: 215 → 227 (+12)
4% more call options, than puts
Call options by funds: $49.9M | Put options by funds: $47.9M
0.43% less ownership
Funds ownership: 62.52% → 62.09% (-0.43%)
10% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 78
13% less capital invested
Capital invested by funds: $5.28B → $4.58B (-$705M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$20.9M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$11.7M |
| 3 |
Axa
Paris,
France
|
+$11.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$10.7M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$60.1M |
| 2 |
PGP
Prescott General Partners
Boca Raton,
Florida
|
-$28.7M |
| 3 |
HP
Hound Partners
New York
|
-$22.4M |
| 4 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$21.5M |
| 5 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
-$14.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$72K | -165 | Closed |
|
|
IA
252
IFP Advisors
Tampa,
Florida
| – | -$31K | -70 | Closed |
|
|
SWM
253
SeaCrest Wealth Management
Purchase,
New York
| – | -$27K | -61 | Closed |
|
CACC Hedge Fund Activity: Q4 2018 in Review
227 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2018, worth a combined $4.58B — down 13% from $5.28B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CACC positions and 26 closed out — a net gain of 13 holders — while 70 added to existing stakes and 78 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $20.9M. The largest seller was Abrams Bison Investments, cutting an estimated $60.1M.
- 227 institutional investors held Credit Acceptance (CACC) as of Q4 2018, up from 215 in Q3 2018.
- Funds reported $4.58B of Credit Acceptance stock for Q4 2018, down 13% quarter-over-quarter.
- 39 funds opened new Credit Acceptance positions in Q4 2018 and 26 closed out, a net change of +13 holders.
- The largest Credit Acceptance buyer in Q4 2018 was Renaissance Technologies, an estimated $20.9M added.
- The largest Credit Acceptance seller in Q4 2018 was Abrams Bison Investments, an estimated $60.1M sold.
Based on aggregated 13F filings for Q4 2018.