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Credit Acceptance
CACC

173 hedge funds and large institutions have $3.85B invested in Credit Acceptance in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 54 increasing their positions, 58 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

6% more capital invested

Capital invested by funds: $3.64B → $3.85B (+$214M)

5% more funds holding

Funds holding: 164 → 173 (+9)

7% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 58

1.76% less ownership

Funds ownership: 73.05% → 71.29% (-1.8%)

5% less funds holding in top 10

Funds holding in top 10: 20 → 19 (-1)

36% less call options, than puts

Call options by funds: $87.5M | Put options by funds: $136M

Holders
173
Holders Change
+9
Holders Change %
+5.49%
% of All Funds
4.31%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.47%
New
28
Increased
54
Reduced
58
Closed
18
Calls
$87.5M
Puts
$136M
Net Calls
-$48.5M
Net Calls Change
-$36.3M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.1M
2
Invesco
Invesco
Georgia
+$24.5M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$15.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$15.2M
5
Goldman Sachs
Goldman Sachs
New York
+$15.1M

Top Sellers

1
HP
Hound Partners
New York
-$79.6M
2
American Century Companies
American Century Companies
Missouri
-$28.6M
3
BG
Baupost Group
Massachusetts
-$25.4M
4
AA
Ancient Art
Texas
-$23.3M
5
HHMI
Howard Hughes Medical Institute
Maryland
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWS
26
Thomas W. Smith
$31M – – –
IFLIT
27
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$30.8M – – –
BCM
28
Billings Capital Management
Virginia
$30.4M -$9.33M -35,560 -25%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$29.4M +$489K +1,864 +2%
GEM
30
Global Endowment Management
North Carolina
$28.6M +$2.76M +10,500 +11%
Invesco
31
Invesco
Georgia
$28.6M +$24.5M +93,192 +1,046%
CWAM
32
Columbia Wanger Asset Management
Illinois
$27.7M -$153K -582 -0.6%
ISL
33
Ingalls & Snyder LLC
New York
$24.8M -$648K -2,467 -3%
LP
34
LMR Partners
United Kingdom
$24.1M -$5.85M -22,281 -21%
CCP
35
Clough Capital Partners
Massachusetts
$24.1M -$8.53M -32,500 -27%
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$22.4M -$555K -2,113 -3%
Charles Schwab
37
Charles Schwab
California
$20.3M +$1.36M +5,187 +8%
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$18.8M +$15.9M +60,461 +899%
Northern Trust
39
Northern Trust
Illinois
$18.3M +$911K +3,469 +6%
Bank of New York Mellon
40
Bank of New York Mellon
New York
$15.1M +$1.21M +4,613 +9%
First Trust Advisors
41
First Trust Advisors
Illinois
$15M +$13.8M +52,495 +5,945%
AQR Capital Management
42
AQR Capital Management
Connecticut
$14.9M +$4.88M +18,597 +55%
PPA
43
Parametric Portfolio Associates
Washington
$14.2M +$2.13M +8,097 +19%
QCMNJ
44
Quantum Capital Management (New Jersey)
New Jersey
$14M -$6.17M -23,500 -32%
Victory Capital Management
45
Victory Capital Management
Texas
$13.8M +$6.18M +23,539 +91%
SIG
46
Schaller Investment Group
North Carolina
$9.81M – – –
Bank of America
47
Bank of America
North Carolina
$7.84M +$1.52M +5,804 +26%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$7.68M – – –
TA
49
Teachers Advisors
New York
$7.37M +$3.77M +14,375 +121%
Federated Hermes
50
Federated Hermes
Pennsylvania
$6.69M +$6.16M +23,459 +5,393%
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CACC Hedge Fund Activity: Q3 2017 in Review

173 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2017, worth a combined $3.85B — up 5.9% from $3.64B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new CACC positions and 18 closed out — a net gain of 10 holders — while 54 added to existing stakes and 58 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $31.1M. The largest seller was Hound Partners, cutting an estimated $79.6M.

  • 173 institutional investors held Credit Acceptance (CACC) as of Q3 2017, up from 164 in Q2 2017.
  • Funds reported $3.85B of Credit Acceptance stock for Q3 2017, up 5.9% quarter-over-quarter.
  • 28 funds opened new Credit Acceptance positions in Q3 2017 and 18 closed out, a net change of +10 holders.
  • The largest Credit Acceptance buyer in Q3 2017 was Wellington Management Group, an estimated $31.1M added.
  • The largest Credit Acceptance seller in Q3 2017 was Hound Partners, an estimated $79.6M sold.

Based on aggregated 13F filings for Q3 2017.