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Credit Acceptance
CACC

194 hedge funds and large institutions have $4.61B invested in Credit Acceptance in 2018 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 68 increasing their positions, 64 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more call options, than puts

Call options by funds: $53.4M | Put options by funds: $39.1M

26% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 19

2% more funds holding

Funds holding: 191 → 194 (+3)

6% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 64

3% more capital invested

Capital invested by funds: $4.47B → $4.61B (+$142M)

2.2% less ownership

Funds ownership: 70.18% → 67.98% (-2.2%)

5% less funds holding in top 10

Funds holding in top 10: 19 → 18 (-1)

Holders
194
Holders Change
+3
Holders Change %
+1.57%
% of All Funds
4.44%
Holding in Top 10
18
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.26%
% of All Funds
0.41%
New
24
Increased
68
Reduced
64
Closed
19
Calls
$53.4M
Puts
$39.1M
Net Calls
+$14.3M
Net Calls Change
-$12.9M

Top Buyers

Rank Fund Capital Flow
1
EIP
Epoch Investment Partners
New York
+$24.5M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$16.2M
3
N
Nuveen
North Carolina
+$8.98M
4
BlackRock
BlackRock
New York
+$7.42M
5
SCM
SG Capital Management
Illinois
+$6.81M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$64.2M
2
HP
Hound Partners
New York
-$37.6M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$24.6M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$23.5M
5
GC
Giverny Capital
Quebec, Canada
-$21.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wolverine Trading
76
Wolverine Trading
Illinois
$3.02M – – –
FNBOO
77
First National Bank of Omaha
Nebraska
$2.96M – – –
BCM
78
Bridgeway Capital Management
Texas
$2.95M +$2.87M +8,360 New
Citigroup
79
Citigroup
New York
$2.77M +$68.6K +200 +3%
Victory Capital Management
80
Victory Capital Management
Texas
$2.76M +$322K +938 +14%
Franklin Resources
81
Franklin Resources
California
$2.7M +$2.63M +7,651 New
OAC
82
OMERS Administration Corp
Ontario, Canada
$2.65M +$2.57M +7,500 New
Squarepoint
83
Squarepoint
New York
$2.61M +$447K +1,303 +21%
KC
84
Kepos Capital
New York
$2.27M +$932K +2,715 +73%
QIM
85
Quantitative Investment Management
Virginia
$2.23M +$2.16M +6,300 New
Deutsche Bank
86
Deutsche Bank
Germany
$2.15M +$693K +2,018 +50%
Barclays
87
Barclays
United Kingdom
$2.13M +$1.45M +4,222 +234%
AllianceBernstein
88
AllianceBernstein
Tennessee
$2.08M +$204K +595 +11%
Legal & General Group
89
Legal & General Group
United Kingdom
$1.82M -$75.2K -219 -4%
USAA
90
United Services Automobile Association
Texas
$1.75M – – –
Royal Bank of Canada
91
Royal Bank of Canada
Ontario, Canada
$1.7M +$825K +2,405 +100%
PI
92
PineBridge Investments
New York
$1.66M +$1.62M +4,707 New
VCM
93
Virtue Capital Management
Tennessee
$1.64M +$553K +1,611 +53%
T. Rowe Price Associates
94
T. Rowe Price Associates
Maryland
$1.55M +$12K +35 +0.8%
FIM
95
Freedom Investment Management
Connecticut
$1.53M +$1.48M +4,324 New
CCM
96
Cadence Capital Management
Massachusetts
$1.47M +$1.72K +5 +0.1%
Ohio Public Employees Retirement System (OPERS)
97
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.42M -$87.9K -256 -6%
VRS
98
Virginia Retirement Systems
Virginia
$1.38M +$1.34M +3,900 New
TU
99
TDAM USA
Ontario, Canada
$1.22M +$1.19M +3,458 New
VOYA Investment Management
100
VOYA Investment Management
Georgia
$1.22M -$170K -496 -13%
2 3
4
5 6

CACC Hedge Fund Activity: Q2 2018 in Review

194 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2018, worth a combined $4.61B — up 3.2% from $4.47B a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new CACC positions and 19 closed out — a net gain of 5 holders — while 68 added to existing stakes and 64 trimmed.

The largest buyer was Epoch Investment Partners, opening a new position worth an estimated $24.5M. The largest seller was Goldman Sachs, cutting an estimated $64.2M.

  • 194 institutional investors held Credit Acceptance (CACC) as of Q2 2018, up from 191 in Q1 2018.
  • Funds reported $4.61B of Credit Acceptance stock for Q2 2018, up 3.2% quarter-over-quarter.
  • 24 funds opened new Credit Acceptance positions in Q2 2018 and 19 closed out, a net change of +5 holders.
  • The largest Credit Acceptance buyer in Q2 2018 was Epoch Investment Partners, an estimated $24.5M added.
  • The largest Credit Acceptance seller in Q2 2018 was Goldman Sachs, an estimated $64.2M sold.

Based on aggregated 13F filings for Q2 2018.