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Credit Acceptance
CACC

145 hedge funds and large institutions have $968M invested in Credit Acceptance in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

23% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $997K

8% more funds holding

Funds holding: 134 → 145 (+11)

13% less capital invested

Capital invested by funds: $1.11B → $968M (-$147M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

24% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 59

Holders
145
Holders Change
+11
Holders Change %
+8.21%
% of All Funds
4.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.14%
New
15
Increased
45
Reduced
59
Closed
4
Calls
$1.23M
Puts
$997K
Net Calls
+$234K
Net Calls Change
-$1.03M

Top Buyers

1
B
BloombergSen
Ontario, Canada
+$18M
2
Norges Bank
Norges Bank
Norway
+$11.5M
3
Bank of America
Bank of America
North Carolina
+$4.09M
4
Invesco
Invesco
Georgia
+$3.25M
5
GI
GAMCO Investors
Connecticut
+$3.04M

Top Sellers

1
BIT
BlackRock Institutional Trust
California
-$9.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$7.11M
3
FNBOO
First National Bank of Omaha
Nebraska
-$3.75M
4
BFA
BlackRock Fund Advisors
California
-$2.98M
5
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAM
76
Martingale Asset Management
Massachusetts
$666K – – –
State Board of Administration of Florida Retirement System
77
State Board of Administration of Florida Retirement System
Florida
$641K – – –
SCC
78
Second Curve Capital
Pennsylvania
$616K +$660K +5,000 New
AA
79
AlphaMark Advisors
Kentucky
$606K -$132K -1,000 -17%
BUB
80
BBVA USA Bancshares
Texas
$592K +$67.6K +512 +12%
Tudor Investment Corp
81
Tudor Investment Corp
Connecticut
$590K +$422K +3,200 +201%
Manulife (Manufacturers Life Insurance)
82
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$586K -$121K -914 -16%
VOYA Investment Management
83
VOYA Investment Management
Georgia
$572K – – –
AIG
84
American International Group
New York
$567K -$29.6K -224 -5%
BA
85
BlackRock Advisors
Delaware
$560K -$96.7K -733 -14%
GC
86
Guggenheim Capital
Illinois
$547K -$20.2K -153 -3%
Jacobs Levy Equity Management
87
Jacobs Levy Equity Management
New Jersey
$540K -$132K -1,000 -19%
AA
88
ALPS Advisors
Colorado
$516K +$14.3K +108 +3%
PI
89
Placemark Investments
Illinois
$495K +$62.6K +474 +13%
UBS AM
90
UBS AM
Illinois
$468K – – –
OAM
91
Oxford Asset Management
United Kingdom
$460K +$491K +3,717 New
WCA
92
Waratah Capital Advisors
Ontario, Canada
$455K +$488K +3,700 New
BG
93
BlackRock Group
United Kingdom
$451K -$403K -3,056 -46%
Ameriprise
94
Ameriprise
Minnesota
$443K -$185K -1,399 -29%
JIM
95
Jensen Investment Management
Oregon
$441K +$472K +3,580 New
ProShare Advisors
96
ProShare Advisors
Maryland
$422K -$495K -3,754 -52%
VAM
97
Visium Asset Management
New York
$420K +$451K +3,414 New
Nomura Holdings
98
Nomura Holdings
Japan
$409K -$260K -1,972 -37%
ZIM
99
ZPR Investment Management
Florida
$382K +$409K +3,099 New
AG
100
Aperio Group
California
$369K -$269K -2,035 -40%
2 3
4
5 6

CACC Hedge Fund Activity: Q2 2014 in Review

145 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2014, worth a combined $968M — down 13% from $1.11B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CACC positions and 4 closed out — a net gain of 11 holders — while 45 added to existing stakes and 59 trimmed.

The largest buyer was BloombergSen, adding an estimated $18M. The largest seller was BlackRock Institutional Trust, cutting an estimated $9.7M.

  • 145 institutional investors held Credit Acceptance (CACC) as of Q2 2014, up from 134 in Q1 2014.
  • Funds reported $968M of Credit Acceptance stock for Q2 2014, down 13% quarter-over-quarter.
  • 15 funds opened new Credit Acceptance positions in Q2 2014 and 4 closed out, a net change of +11 holders.
  • The largest Credit Acceptance buyer in Q2 2014 was BloombergSen, an estimated $18M added.
  • The largest Credit Acceptance seller in Q2 2014 was BlackRock Institutional Trust, an estimated $9.7M sold.

Based on aggregated 13F filings for Q2 2014.