Credit Acceptance
CACC
132 hedge funds and large institutions have $1.02B invested in Credit Acceptance in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 43 increasing their positions, 55 reducing their positions, and 23 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
6% more capital invested
Capital invested by funds: $968M → $1.02B (+$55.2M)
9% less funds holding
Funds holding: 145 → 132 (-13)
22% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 55
25% less call options, than puts
Call options by funds: $5.58M | Put options by funds: $7.46M
57% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMO
Beck Mack & Oliver
New York
|
+$32.9M |
| 2 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
+$13.1M |
| 3 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$9.24M |
| 4 |
AA
Ancient Art
Austin,
Texas
|
+$9.18M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$10.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.17M |
| 3 |
Renaissance Technologies
New York
|
-$4.25M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$3.82M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$3.71M |
CACC Hedge Fund Activity: Q3 2014 in Review
132 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2014, worth a combined $1.02B — up 5.7% from $968M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CACC and 10 opened new positions — a net loss of 13 holders — while 55 trimmed existing stakes and 43 added.
The largest buyer was Beck Mack & Oliver, opening a new position worth an estimated $32.9M. The largest seller was Norges Bank, cutting an estimated $10.7M.
- 132 institutional investors held Credit Acceptance (CACC) as of Q3 2014, down from 145 in Q2 2014.
- Funds reported $1.02B of Credit Acceptance stock for Q3 2014, up 5.7% quarter-over-quarter.
- 10 funds opened new Credit Acceptance positions in Q3 2014 and 23 closed out, a net change of -13 holders.
- The largest Credit Acceptance buyer in Q3 2014 was Beck Mack & Oliver, an estimated $32.9M added.
- The largest Credit Acceptance seller in Q3 2014 was Norges Bank, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2014.