Credit Acceptance
CACC
230 hedge funds and large institutions have $3.85B invested in Credit Acceptance in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 78 increasing their positions, 73 reducing their positions, and 33 closing their positions.
6.1% more ownership
Funds ownership: 62.62% → 68.72% (+6.1%)
7% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 73
2% more capital invested
Capital invested by funds: $3.76B → $3.85B (+$88.3M)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
0% less funds holding
Funds holding: 231 → 230 (-1)
3% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 33
56% less call options, than puts
Call options by funds: $42.3M | Put options by funds: $96.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$390M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$33.5M |
| 3 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$23.2M |
| 4 |
CSNH
Crow's Nest Holdings
Richmond,
Virginia
|
+$22M |
| 5 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$123M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$26.7M |
| 3 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$18.8M |
| 4 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
-$13.6M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$13.5M |
CACC Hedge Fund Activity: Q1 2023 in Review
230 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2023, worth a combined $3.85B — up 2.3% from $3.76B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of CACC and 32 opened new positions — a net loss of 1 holder — while 73 trimmed existing stakes and 78 added.
The largest buyer was Cerity Partners, opening a new position worth an estimated $390M. The largest seller was Principal Financial Group, cutting an estimated $123M.
- 230 institutional investors held Credit Acceptance (CACC) as of Q1 2023, down from 231 in Q4 2022.
- Funds reported $3.85B of Credit Acceptance stock for Q1 2023, up 2.3% quarter-over-quarter.
- 32 funds opened new Credit Acceptance positions in Q1 2023 and 33 closed out, a net change of -1 holder.
- The largest Credit Acceptance buyer in Q1 2023 was Cerity Partners, an estimated $390M added.
- The largest Credit Acceptance seller in Q1 2023 was Principal Financial Group, an estimated $123M sold.
Based on aggregated 13F filings for Q1 2023.