Credit Acceptance
CACC
197 hedge funds and large institutions have $3.19B invested in Credit Acceptance in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 65 increasing their positions, 69 reducing their positions, and 60 closing their positions.
7.72% more ownership
Funds ownership: 61.08% → 68.8% (+7.7%)
6% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 69
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
14% less funds holding
Funds holding: 229 → 197 (-32)
32% less call options, than puts
Call options by funds: $54.5M | Put options by funds: $80M
37% less capital invested
Capital invested by funds: $5.04B → $3.19B (-$1.84B)
48% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$451M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$136M |
| 3 |
IC
Immersion Capital
London,
United Kingdom
|
+$97.9M |
| 4 |
GC
Gobi Capital
San Francisco,
California
|
+$79.6M |
| 5 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$31.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PGP
Prescott General Partners
Boca Raton,
Florida
|
-$151M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$123M |
| 3 |
HP
Hound Partners
New York
|
-$39.1M |
| 4 |
Axa
Paris,
France
|
-$36.1M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$31.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
251
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$51K | -115 | Closed |
|
|
ACM
252
Allred Capital Management
Dallas,
Texas
| – | -$19.5K | -44 | Closed |
|
253
Rockefeller Capital Management
New York
| – | -$6K | -14 | Closed |
|
|
SQA
254
Simon Quick Advisors
Morristown,
New Jersey
| – | -$4K | -9 | Closed |
|
|
WT
255
Whittier Trust
South Pasadena,
California
| – | -$2K | -5 | Closed |
|
|
RFM
256
Royal Fund Management
Lady Lake,
Florida
| – | -$1K | -3 | Closed |
|
CACC Hedge Fund Activity: Q1 2020 in Review
197 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2020, worth a combined $3.19B — down 37% from $5.04B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of CACC and 31 opened new positions — a net loss of 29 holders — while 69 trimmed existing stakes and 65 added.
The largest buyer was Vulcan Value Partners, adding an estimated $451M. The largest seller was Prescott General Partners, cutting an estimated $151M.
- 197 institutional investors held Credit Acceptance (CACC) as of Q1 2020, down from 229 in Q4 2019.
- Funds reported $3.19B of Credit Acceptance stock for Q1 2020, down 37% quarter-over-quarter.
- 31 funds opened new Credit Acceptance positions in Q1 2020 and 60 closed out, a net change of -29 holders.
- The largest Credit Acceptance buyer in Q1 2020 was Vulcan Value Partners, an estimated $451M added.
- The largest Credit Acceptance seller in Q1 2020 was Prescott General Partners, an estimated $151M sold.
Based on aggregated 13F filings for Q1 2020.