Credit Acceptance
CACC
225 hedge funds and large institutions have $5.22B invested in Credit Acceptance in 2019 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 70 increasing their positions, 86 reducing their positions, and 39 closing their positions.
0.68% less ownership
Funds ownership: 60.86% → 60.18% (-0.68%)
5% less funds holding in top 10
Funds holding in top 10: 19 → 18 (-1)
6% less capital invested
Capital invested by funds: $5.53B → $5.22B (-$309M)
7% less funds holding
Funds holding: 241 → 225 (-16)
19% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 86
38% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 39
72% less call options, than puts
Call options by funds: $54M | Put options by funds: $196M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$89.4M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
+$21.6M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$11.1M |
| 4 |
GC
Gobi Capital
San Francisco,
California
|
+$9.88M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$8.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
-$35.6M |
| 2 |
CIP
CAS Investment Partners
Westport,
Connecticut
|
-$31.7M |
| 3 |
HP
Hound Partners
New York
|
-$25.2M |
| 4 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$22.9M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$18.5M |
CACC Hedge Fund Activity: Q3 2019 in Review
225 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2019, worth a combined $5.22B — down 5.6% from $5.53B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of CACC and 24 opened new positions — a net loss of 15 holders — while 86 trimmed existing stakes and 70 added.
The largest buyer was Principal Financial Group, adding an estimated $89.4M. The largest seller was APG Asset Management, exiting entirely with an estimated $35.6M sold.
- 225 institutional investors held Credit Acceptance (CACC) as of Q3 2019, down from 241 in Q2 2019.
- Funds reported $5.22B of Credit Acceptance stock for Q3 2019, down 5.6% quarter-over-quarter.
- 24 funds opened new Credit Acceptance positions in Q3 2019 and 39 closed out, a net change of -15 holders.
- The largest Credit Acceptance buyer in Q3 2019 was Principal Financial Group, an estimated $89.4M added.
- The largest Credit Acceptance seller in Q3 2019 was APG Asset Management, an estimated $35.6M sold.
Based on aggregated 13F filings for Q3 2019.