Credit Acceptance
CACC
202 hedge funds and large institutions have $4.28B invested in Credit Acceptance in 2020 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 59 increasing their positions, 70 reducing their positions, and 27 closing their positions.
26% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 27
3% more funds holding
Funds holding: 197 → 202 (+5)
0.83% less ownership
Funds ownership: 72.72% → 71.89% (-0.83%)
16% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 70
20% less capital invested
Capital invested by funds: $5.37B → $4.28B (-$1.09B)
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
51% less call options, than puts
Call options by funds: $94.9M | Put options by funds: $192M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$142M |
| 2 |
BWA
Brave Warrior Advisors
New York
|
+$59.7M |
| 3 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$35.8M |
| 4 |
Renaissance Technologies
New York
|
+$34.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Immersion Capital
London,
United Kingdom
|
-$108M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$52.4M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
-$51.3M |
| 4 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$34.6M |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$31.5M |
CACC Hedge Fund Activity: Q3 2020 in Review
202 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2020, worth a combined $4.28B — down 20% from $5.37B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new CACC positions and 27 closed out — a net gain of 7 holders — while 59 added to existing stakes and 70 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $142M. The largest seller was Immersion Capital, exiting entirely with an estimated $108M sold.
- 202 institutional investors held Credit Acceptance (CACC) as of Q3 2020, up from 197 in Q2 2020.
- Funds reported $4.28B of Credit Acceptance stock for Q3 2020, down 20% quarter-over-quarter.
- 34 funds opened new Credit Acceptance positions in Q3 2020 and 27 closed out, a net change of +7 holders.
- The largest Credit Acceptance buyer in Q3 2020 was Vulcan Value Partners, an estimated $142M added.
- The largest Credit Acceptance seller in Q3 2020 was Immersion Capital, an estimated $108M sold.
Based on aggregated 13F filings for Q3 2020.