Credit Acceptance
CACC
225 hedge funds and large institutions have $4.31B invested in Credit Acceptance in 2023 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 65 increasing their positions, 78 reducing their positions, and 36 closing their positions.
12% more capital invested
Capital invested by funds: $3.85B → $4.31B (+$462M)
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
2% less funds holding
Funds holding: 230 → 225 (-5)
2.62% less ownership
Funds ownership: 68.72% → 66.1% (-2.6%)
14% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 36
17% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 78
42% less call options, than puts
Call options by funds: $71.2M | Put options by funds: $122M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$11.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$8.41M |
| 3 |
CCM
Cantillon Capital Management
New York
|
+$7.18M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$3.25M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$50.8M |
| 2 |
GC
Gobi Capital
San Francisco,
California
|
-$28.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$15.8M |
| 4 |
KC
Kize Capital
New York
|
-$12.5M |
| 5 |
Renaissance Technologies
New York
|
-$12.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWC
251
MBM Wealth Consultants
Chesterfield,
Missouri
| – | -$17K | -48 | Closed |
|
|
MC
252
Machina Capital
Paris,
France
| – | -$19.2K | -44 | Closed |
|
|
AF
253
Advisornet Financial
Minnetonka,
Minnesota
| – | -$2.18K | -5 | Closed |
|
|
BA
254
Bellwether Advisors
Lincoln,
Nebraska
| – | -$2.18K | -5 | Closed |
|
|
BTI
255
Blue Trust Inc
Alpharetta,
Georgia
| – | -$2K | -5 | Closed |
|
|
CMBA
256
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$2.18K | -5 | Closed |
|
257
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1.74K | -4 | Closed |
|
|
SC
258
Schubert & Co
Mckinney,
Texas
| – | -$1.75K | -4 | Closed |
|
|
EI
259
Ellevest Inc
New York
| – | -$872 | -2 | Closed |
|
|
CFB
260
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$436 | -1 | Closed |
|
|
TWA
261
TCI Wealth Advisors
Tucson,
Arizona
| – | -$437 | -1 | Closed |
|
CACC Hedge Fund Activity: Q2 2023 in Review
225 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2023, worth a combined $4.31B — up 12% from $3.85B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of CACC and 31 opened new positions — a net loss of 5 holders — while 78 trimmed existing stakes and 65 added.
The largest buyer was Jarislowsky, Fraser Ltd, adding an estimated $11.5M. The largest seller was BloombergSen, cutting an estimated $50.8M.
- 225 institutional investors held Credit Acceptance (CACC) as of Q2 2023, down from 230 in Q1 2023.
- Funds reported $4.31B of Credit Acceptance stock for Q2 2023, up 12% quarter-over-quarter.
- 31 funds opened new Credit Acceptance positions in Q2 2023 and 36 closed out, a net change of -5 holders.
- The largest Credit Acceptance buyer in Q2 2023 was Jarislowsky, Fraser Ltd, an estimated $11.5M added.
- The largest Credit Acceptance seller in Q2 2023 was BloombergSen, an estimated $50.8M sold.
Based on aggregated 13F filings for Q2 2023.