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Credit Acceptance
CACC

145 hedge funds and large institutions have $968M invested in Credit Acceptance in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

23% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $997K

8% more funds holding

Funds holding: 134 → 145 (+11)

13% less capital invested

Capital invested by funds: $1.11B → $968M (-$147M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

24% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 59

Holders
145
Holders Change
+11
Holders Change %
+8.21%
% of All Funds
4.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.14%
New
15
Increased
45
Reduced
59
Closed
4
Calls
$1.23M
Puts
$997K
Net Calls
+$234K
Net Calls Change
-$1.03M

Top Buyers

Rank Fund Capital Flow
1
B
BloombergSen
Ontario, Canada
+$18M
2
Norges Bank
Norges Bank
Norway
+$11.5M
3
Bank of America
Bank of America
North Carolina
+$4.09M
4
Invesco
Invesco
Georgia
+$3.25M
5
GI
GAMCO Investors
Connecticut
+$3.04M

Top Sellers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
-$9.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$7.11M
3
FNBOO
First National Bank of Omaha
Nebraska
-$3.75M
4
BFA
BlackRock Fund Advisors
California
-$2.98M
5
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
QBFM
26
QS Batterymarch Financial Management
New York
$5.81M -$567K -4,300 -8%
TCIM
27
TIAA CREF Investment Management
New York
$5.47M -$69.2K -524 -1%
Wells Fargo
28
Wells Fargo
California
$4.41M +$199K +1,506 +4%
ZCM
29
Zebra Capital Management
Connecticut
$4.25M -$197K -1,495 -4%
AQR Capital Management
30
AQR Capital Management
Connecticut
$4.16M +$1.87M +14,166 +72%
PVH
31
Psagot Value Holdings
Israel
$4.11M – – –
TCM
32
Tributary Capital Management
Nebraska
$3.91M – – –
Charles Schwab
33
Charles Schwab
California
$3.67M +$29.8K +226 +0.8%
Morgan Stanley
34
Morgan Stanley
New York
$3.39M -$2.03M -15,371 -36%
BNP Paribas Asset Management
35
BNP Paribas Asset Management
France
$3.23M -$2.84M -21,491 -45%
SAM
36
Shell Asset Management
Netherlands
$3.2M +$111K +839 +3%
NAP
37
New Amsterdam Partners
New York
$3.08M +$768K +5,816 +30%
GI
38
GAMCO Investors
Connecticut
$3.02M +$3.04M +23,000 +1,494%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$2.67M +$198K +1,500 +7%
Prudential Financial
40
Prudential Financial
New Jersey
$2.67M +$153K +1,161 +6%
BIM
41
BlackRock Investment Management
Delaware
$2.39M -$37.6K -285 -1%
CS
42
Credit Suisse
Switzerland
$2.25M +$659K +4,992 +38%
AllianceBernstein
43
AllianceBernstein
Tennessee
$2.15M -$26.7K -202 -1%
Mawer Investment Management
44
Mawer Investment Management
Alberta, Canada
$2.14M +$21.1K +160 +0.9%
GF
45
Gabelli Funds
New York
$2.04M +$165K +1,250 +8%
MCM
46
Matarin Capital Management
New York
$2.01M +$384K +2,906 +22%
PP
47
PDT Partners
New York
$1.92M +$658K +4,985 +47%
Lazard Asset Management
48
Lazard Asset Management
New York
$1.75M -$182K -1,376 -9%
PI
49
Putnam Investments
Massachusetts
$1.73M -$760K -5,761 -29%
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$1.58M -$23.6K -179 -1%
1
2
3 4 5

CACC Hedge Fund Activity: Q2 2014 in Review

145 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2014, worth a combined $968M — down 13% from $1.11B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CACC positions and 4 closed out — a net gain of 11 holders — while 45 added to existing stakes and 59 trimmed.

The largest buyer was BloombergSen, adding an estimated $18M. The largest seller was BlackRock Institutional Trust, cutting an estimated $9.7M.

  • 145 institutional investors held Credit Acceptance (CACC) as of Q2 2014, up from 134 in Q1 2014.
  • Funds reported $968M of Credit Acceptance stock for Q2 2014, down 13% quarter-over-quarter.
  • 15 funds opened new Credit Acceptance positions in Q2 2014 and 4 closed out, a net change of +11 holders.
  • The largest Credit Acceptance buyer in Q2 2014 was BloombergSen, an estimated $18M added.
  • The largest Credit Acceptance seller in Q2 2014 was BlackRock Institutional Trust, an estimated $9.7M sold.

Based on aggregated 13F filings for Q2 2014.