Credit Acceptance
CACC
241 hedge funds and large institutions have $5.53B invested in Credit Acceptance in 2019 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 69 increasing their positions, 94 reducing their positions, and 21 closing their positions.
52% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 21
4% more funds holding
Funds holding: 232 → 241 (+9)
4% more capital invested
Capital invested by funds: $5.29B → $5.53B (+$233M)
0.91% less ownership
Funds ownership: 61.76% → 60.86% (-0.91%)
5% less funds holding in top 10
Funds holding in top 10: 20 → 19 (-1)
27% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 94
58% less call options, than puts
Call options by funds: $77M | Put options by funds: $182M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$62M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
+$33.7M |
| 3 |
Renaissance Technologies
New York
|
+$21.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$18.7M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$48.1M |
| 2 |
HP
Hound Partners
New York
|
-$41.5M |
| 3 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$39.7M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$22.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$22.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HFM
251
Harvest Fund Management
Beijing,
China
| – | -$275K | -608 | Closed |
|
|
ECM
252
Element Capital Management
New York
| – | -$248K | -548 | Closed |
|
|
TSS
253
Two Sigma Securities
New York
| – | -$221K | -490 | Closed |
|
254
Simplex Trading
Chicago,
Illinois
| – | -$223K | -469 | Closed |
|
|
BSAM
255
Blue Sky Asset Management
Greenwood Village,
Colorado
| – | -$84K | -186 | Closed |
|
256
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$79K | -174 | Closed |
|
|
GAM
257
GQ Asset Management
New York City,
New York
| – | -$65K | -143 | Closed |
|
|
KPW
258
Kore Private Wealth
New York
| – | -$12K | -27 | Closed |
|
|
MIM
259
MetLife Investment Management
Whippany,
New Jersey
| – | -$6.78K | -15 | Closed |
|
|
CAM
260
Cresset Asset Management
Chicago,
Illinois
| – | -$2K | -5 | Closed |
|
|
QT
261
Quantamental Technologies
White Plains,
New York
| – | -$1K | -3 | Closed |
|
CACC Hedge Fund Activity: Q2 2019 in Review
241 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2019, worth a combined $5.53B — up 4.4% from $5.29B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CACC positions and 21 closed out — a net gain of 11 holders — while 69 added to existing stakes and 94 trimmed.
The largest buyer was Nuveen, adding an estimated $62M. The largest seller was Ameriprise, cutting an estimated $48.1M.
- 241 institutional investors held Credit Acceptance (CACC) as of Q2 2019, up from 232 in Q1 2019.
- Funds reported $5.53B of Credit Acceptance stock for Q2 2019, up 4.4% quarter-over-quarter.
- 32 funds opened new Credit Acceptance positions in Q2 2019 and 21 closed out, a net change of +11 holders.
- The largest Credit Acceptance buyer in Q2 2019 was Nuveen, an estimated $62M added.
- The largest Credit Acceptance seller in Q2 2019 was Ameriprise, an estimated $48.1M sold.
Based on aggregated 13F filings for Q2 2019.