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Credit Acceptance
CACC

173 hedge funds and large institutions have $3.85B invested in Credit Acceptance in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 54 increasing their positions, 58 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

6% more capital invested

Capital invested by funds: $3.64B → $3.85B (+$214M)

5% more funds holding

Funds holding: 164 → 173 (+9)

7% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 58

1.76% less ownership

Funds ownership: 73.05% → 71.29% (-1.8%)

5% less funds holding in top 10

Funds holding in top 10: 20 → 19 (-1)

36% less call options, than puts

Call options by funds: $87.5M | Put options by funds: $136M

Holders
173
Holders Change
+9
Holders Change %
+5.49%
% of All Funds
4.31%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.47%
New
28
Increased
54
Reduced
58
Closed
18
Calls
$87.5M
Puts
$136M
Net Calls
-$48.5M
Net Calls Change
-$36.3M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.1M
2
Invesco
Invesco
Georgia
+$24.5M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$15.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$15.2M
5
Goldman Sachs
Goldman Sachs
New York
+$15.1M

Top Sellers

1
HP
Hound Partners
New York
-$79.6M
2
American Century Companies
American Century Companies
Missouri
-$28.6M
3
BG
Baupost Group
Massachusetts
-$25.4M
4
AA
Ancient Art
Texas
-$23.3M
5
HHMI
Howard Hughes Medical Institute
Maryland
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Board of Administration of Florida Retirement System
76
State Board of Administration of Florida Retirement System
Florida
$2.88M – – –
Wells Fargo
77
Wells Fargo
California
$2.74M +$1.61M +6,116 +166%
CS
78
Credit Suisse
Switzerland
$2.49M +$699K +2,664 +43%
OAM
79
Oxford Asset Management
United Kingdom
$2.31M +$2.18M +8,293 New
CEP
80
Chicago Equity Partners
Illinois
$2.26M +$2.12M +8,065 New
Citigroup
81
Citigroup
New York
$2.19M -$665K -2,532 -24%
CO
82
Caldwell & Orkin
Georgia
$2.16M -$210K -800 -9%
Janus Henderson Group
83
Janus Henderson Group
United Kingdom
$2.07M +$1.94M +7,397 New
Fidelity Investments
84
Fidelity Investments
Massachusetts
$2.04M – – –
B
85
Barings
North Carolina
$1.98M +$906K +3,450 +95%
UBS AM
86
UBS AM
Illinois
$1.98M +$517K +1,968 +39%
JIR
87
James Investment Research
Ohio
$1.85M -$503K -1,915 -22%
QIM
88
Quantitative Investment Management
Virginia
$1.82M -$5.59M -21,300 -77%
AllianceBernstein
89
AllianceBernstein
Tennessee
$1.57M -$236K -900 -14%
Wolverine Trading
90
Wolverine Trading
Illinois
$1.54M -$2.51M -9,572 -64%
Ohio Public Employees Retirement System (OPERS)
91
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.45M -$32.8K -125 -2%
AP
92
AHL Partners
United Kingdom
$1.45M +$1.36M +5,171 New
SBA
93
Seven Bridges Advisors
New York
$1.37M -$158K -602 -11%
T. Rowe Price Associates
94
T. Rowe Price Associates
Maryland
$1.21M +$1.05K +4 +0.1%
CCMG
95
Clark Capital Management Group
Pennsylvania
$1.21M +$37.8K +144 +3%
Ameriprise
96
Ameriprise
Minnesota
$1.2M +$33.9K +129 +3%
CCM
97
Cadence Capital Management
Massachusetts
$1.19M +$1.12M +4,259 New
SGA
98
Strategic Global Advisors
California
$1.19M – – –
RA
99
Rational Advisors
New York
$1.18M +$1.11M +4,211 New
TCM
100
Tuttle Capital Management
Connecticut
$1.18M +$1.11M +4,211 New
2 3
4
5 6

CACC Hedge Fund Activity: Q3 2017 in Review

173 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2017, worth a combined $3.85B — up 5.9% from $3.64B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new CACC positions and 18 closed out — a net gain of 10 holders — while 54 added to existing stakes and 58 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $31.1M. The largest seller was Hound Partners, cutting an estimated $79.6M.

  • 173 institutional investors held Credit Acceptance (CACC) as of Q3 2017, up from 164 in Q2 2017.
  • Funds reported $3.85B of Credit Acceptance stock for Q3 2017, up 5.9% quarter-over-quarter.
  • 28 funds opened new Credit Acceptance positions in Q3 2017 and 18 closed out, a net change of +10 holders.
  • The largest Credit Acceptance buyer in Q3 2017 was Wellington Management Group, an estimated $31.1M added.
  • The largest Credit Acceptance seller in Q3 2017 was Hound Partners, an estimated $79.6M sold.

Based on aggregated 13F filings for Q3 2017.