Credit Acceptance
CACC
232 hedge funds and large institutions have $5.29B invested in Credit Acceptance in 2019 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 61 increasing their positions, 95 reducing their positions, and 34 closing their positions.
18% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 34
16% more capital invested
Capital invested by funds: $4.58B → $5.29B (+$718M)
2% more funds holding
Funds holding: 227 → 232 (+5)
0% more funds holding in top 10
Funds holding in top 10: 20 → 20 (0)
0.33% less ownership
Funds ownership: 62.09% → 61.76% (-0.33%)
36% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 95
52% less call options, than puts
Call options by funds: $63.4M | Put options by funds: $131M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$38.6M |
| 2 |
GC
Gobi Capital
San Francisco,
California
|
+$25.7M |
| 3 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$16.2M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$14.4M |
| 5 |
LP
LMR Partners
London,
United Kingdom
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$70.5M |
| 2 |
HP
Hound Partners
New York
|
-$26.1M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$22.9M |
| 4 |
Renaissance Technologies
New York
|
-$22M |
| 5 |
Axa
Paris,
France
|
-$20.4M |
CACC Hedge Fund Activity: Q1 2019 in Review
232 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2019, worth a combined $5.29B — up 16% from $4.58B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CACC positions and 34 closed out — a net gain of 6 holders — while 61 added to existing stakes and 95 trimmed.
The largest buyer was Ameriprise, adding an estimated $38.6M. The largest seller was Abrams Bison Investments, cutting an estimated $70.5M.
- 232 institutional investors held Credit Acceptance (CACC) as of Q1 2019, up from 227 in Q4 2018.
- Funds reported $5.29B of Credit Acceptance stock for Q1 2019, up 16% quarter-over-quarter.
- 40 funds opened new Credit Acceptance positions in Q1 2019 and 34 closed out, a net change of +6 holders.
- The largest Credit Acceptance buyer in Q1 2019 was Ameriprise, an estimated $38.6M added.
- The largest Credit Acceptance seller in Q1 2019 was Abrams Bison Investments, an estimated $70.5M sold.
Based on aggregated 13F filings for Q1 2019.