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Credit Acceptance

191 hedge funds and large institutions have $4.47B invested in Credit Acceptance in 2018 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 60 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more call options, than puts

Call options by funds: $59M | Put options by funds: $31.9M

7% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 60

2% more capital invested

Capital invested by funds: $4.36B → $4.47B (+$107M)

0.33% more ownership

Funds ownership: 69.85%70.18% (+0.33%)

3% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 34

2% less funds holding

Funds holding: 194191 (-3)

5% less funds holding in top 10

Funds holding in top 10: 2019 (-1)

Holders
191
Holders Change
-3
Holders Change %
-1.55%
% of All Funds
4.38%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.44%
New
33
Increased
64
Reduced
60
Closed
34
Calls
$59M
Puts
$31.9M
Net Calls
+$27.2M
Net Calls Change
+$1.48M
Name Holding Trade Value Shares
Change
Change in
Stake
Arrowstreet Capital
51
Arrowstreet Capital
Massachusetts
$8.13M +$1.73M +5,211 +27%
BNP Paribas Financial Markets
52
BNP Paribas Financial Markets
France
$7.05M +$1.98M +5,968 +39%
AM
53
Account Management
Massachusetts
$6.86M -$166K -500 -2%
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$6.55M +$902K +2,722 +16%
DZ Bank
55
DZ Bank
Germany
$6.38M
Bank of America
56
Bank of America
North Carolina
$6.3M +$60K +181 +1%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$5.7M -$198K -599 -3%
BNP Paribas Asset Management
58
BNP Paribas Asset Management
France
$5.27M +$2.17M +6,546 +70%
RhumbLine Advisers
59
RhumbLine Advisers
Massachusetts
$4.76M -$86.5K -261 -2%
Mackenzie Financial
60
Mackenzie Financial
Ontario, Canada
$4.56M -$2.92M -8,813 -39%
Allianz Asset Management
61
Allianz Asset Management
Germany
$4.31M +$88.1K +266 +2%
Axa
62
Axa
France
$4.26M +$4.27M +12,900 New
BGIM
63
Brandywine Global Investment Management
Pennsylvania
$4.07M -$19.2M -58,048 -82%
Janus Henderson Group
64
Janus Henderson Group
United Kingdom
$3.98M -$199K -602 -5%
Swiss National Bank
65
Swiss National Bank
Switzerland
$3.89M
CS
66
Credit Suisse
Switzerland
$3.87M +$859K +2,592 +28%
State Board of Administration of Florida Retirement System
67
State Board of Administration of Florida Retirement System
Florida
$3.86M +$178K +538 +5%
William Blair & Company
68
William Blair & Company
Illinois
$3.82M
MM
69
Midas Management
New York
$3.8M
UBS AM
70
UBS AM
Illinois
$3.79M -$2.09M -6,316 -36%
MSL
71
Mackay Shields LLC
New York
$3.53M +$3.54M +10,694 New
Morgan Stanley
72
Morgan Stanley
New York
$3.45M -$996K -3,006 -22%
TRSOTSOK
73
Teachers Retirement System of the State of Kentucky
Kentucky
$3.33M -$49K -148 -1%
Fidelity Investments
74
Fidelity Investments
Massachusetts
$3.03M +$133K +400 +5%
Wolverine Trading
75
Wolverine Trading
Illinois
$3.02M +$1.52M +4,592 +101%

CACC Hedge Fund Activity: Q1 2018 in Review

191 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2018, worth a combined $4.47B — up 2.5% from $4.36B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of CACC and 33 opened new positions — a net loss of 1 holder — while 60 trimmed existing stakes and 64 added.

The largest buyer was Hound Partners, adding an estimated $117M. The largest seller was Schroder Investment Management Group, cutting an estimated $67.5M.

  • 191 institutional investors held Credit Acceptance (CACC) as of Q1 2018, down from 194 in Q4 2017.
  • Funds reported $4.47B of Credit Acceptance stock for Q1 2018, up 2.5% quarter-over-quarter.
  • 33 funds opened new Credit Acceptance positions in Q1 2018 and 34 closed out, a net change of -1 holder.
  • The largest Credit Acceptance buyer in Q1 2018 was Hound Partners, an estimated $117M added.
  • The largest Credit Acceptance seller in Q1 2018 was Schroder Investment Management Group, an estimated $67.5M sold.

Based on aggregated 13F filings for Q1 2018.