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Credit Acceptance
CACC

166 hedge funds and large institutions have $1.92B invested in Credit Acceptance in 2015 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 64 increasing their positions, 54 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

19% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 54

17% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 23

2% more funds holding

Funds holding: 163 → 166 (+3)

6% less capital invested

Capital invested by funds: $2.05B → $1.92B (-$132M)

78% less call options, than puts

Call options by funds: $14.1M | Put options by funds: $64.9M

Holders
166
Holders Change
+3
Holders Change %
+1.84%
% of All Funds
4.63%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.25%
New
27
Increased
64
Reduced
54
Closed
23
Calls
$14.1M
Puts
$64.9M
Net Calls
-$50.8M
Net Calls Change
-$44M

Top Buyers

1
ABI
Abrams Bison Investments
Maryland
+$116M
2
HCM
Herndon Capital Management
Georgia
+$53.4M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$32.9M
4
Federated Hermes
Federated Hermes
Pennsylvania
+$17.2M
5
B
BloombergSen
Ontario, Canada
+$13.8M

Top Sellers

1
Prudential Financial
Prudential Financial
New Jersey
-$6.81M
2
Invesco
Invesco
Georgia
-$5.65M
3
PG
PEAK6 Group
Illinois
-$5.28M
4
WA
Wasatch Advisors
Utah
-$5.18M
5
RFC
Russell Frank Company
Washington
-$4.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
Norges Bank
26
Norges Bank
Norway
$12.9M -$2.22M -10,130 -13%
American Century Companies
27
American Century Companies
Missouri
$12.1M +$147K +673 +1%
Northern Trust
28
Northern Trust
Illinois
$11.2M -$3.22M -14,690 -21%
IFLIT
29
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$10.9M – – –
Wells Fargo
30
Wells Fargo
California
$9.43M +$350K +1,597 +3%
Bank of America
31
Bank of America
North Carolina
$9.26M +$8.4M +38,371 +442%
JIM
32
Jupiter Investment Management
United Kingdom
$8.68M +$6.68M +30,493 +225%
Goldman Sachs
33
Goldman Sachs
New York
$8.5M +$8.16M +37,291 +635%
Robeco Institutional Asset Management
34
Robeco Institutional Asset Management
Netherlands
$8.23M +$8.6M +39,261 +1,547%
Invesco
35
Invesco
Georgia
$8.21M -$5.65M -25,810 -38%
GEM
36
Global Endowment Management
North Carolina
$7.88M +$2.19M +10,000 +33%
QCMNJ
37
Quantum Capital Management (New Jersey)
New Jersey
$7.16M +$3.33M +15,211 +72%
First Trust Advisors
38
First Trust Advisors
Illinois
$7.15M +$7.95M +36,303 New
Arrowstreet Capital
39
Arrowstreet Capital
Massachusetts
$7.14M +$7.7M +35,153 +3,176%
OAM
40
Origin Asset Management
United Kingdom
$6.48M -$400K -1,825 -5%
Charles Schwab
41
Charles Schwab
California
$5.47M +$2.79M +12,742 +85%
Deutsche Bank
42
Deutsche Bank
Germany
$5.46M +$1.35M +6,158 +29%
Macquarie Group
43
Macquarie Group
Australia
$5.42M +$6.02M +27,507 New
CCA
44
Catalyst Capital Advisors
New York
$5.41M – – –
Loomis, Sayles & Company
45
Loomis, Sayles & Company
Massachusetts
$5.39M – – –
PCM
46
Panning Capital Management
New York
$5.38M +$5.98M +27,300 New
Prudential Financial
47
Prudential Financial
New Jersey
$4.64M -$6.81M -31,100 -57%
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$4.53M -$131K -600 -3%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$4.42M +$4.53M +20,693 +1,177%
NAP
50
New Amsterdam Partners
New York
$4.41M +$98.1K +448 +2%
1
2
3 4 5

CACC Hedge Fund Activity: Q3 2015 in Review

166 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2015, worth a combined $1.92B — down 6.4% from $2.05B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new CACC positions and 23 closed out — a net gain of 4 holders — while 64 added to existing stakes and 54 trimmed.

The largest buyer was Abrams Bison Investments, opening a new position worth an estimated $116M. The largest seller was Prudential Financial, cutting an estimated $6.81M.

  • 166 institutional investors held Credit Acceptance (CACC) as of Q3 2015, up from 163 in Q2 2015.
  • Funds reported $1.92B of Credit Acceptance stock for Q3 2015, down 6.4% quarter-over-quarter.
  • 27 funds opened new Credit Acceptance positions in Q3 2015 and 23 closed out, a net change of +4 holders.
  • The largest Credit Acceptance buyer in Q3 2015 was Abrams Bison Investments, an estimated $116M added.
  • The largest Credit Acceptance seller in Q3 2015 was Prudential Financial, an estimated $6.81M sold.

Based on aggregated 13F filings for Q3 2015.