Credit Acceptance
CACC
226 hedge funds and large institutions have $4.4B invested in Credit Acceptance in 2023 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 73 increasing their positions, 70 reducing their positions, and 16 closing their positions.
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
70% more call options, than puts
Call options by funds: $72.7M | Put options by funds: $42.7M
28% more capital invested
Capital invested by funds: $3.44B → $4.4B (+$953M)
8% more funds holding
Funds holding: 209 → 226 (+17)
7.27% more ownership
Funds ownership: 58.36% → 65.63% (+7.3%)
4% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 70
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$399M |
| 2 |
MC
MIG Capital
Newport Beach,
California
|
+$30M |
| 3 |
Morgan Stanley
New York
|
+$21.3M |
| 4 |
CSNH
Crow's Nest Holdings
Richmond,
Virginia
|
+$11.7M |
| 5 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
+$8.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$41.9M |
| 2 |
GC
Gobi Capital
San Francisco,
California
|
-$20.7M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$14.5M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$8.04M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.78M |
CACC Hedge Fund Activity: Q4 2023 in Review
226 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2023, worth a combined $4.4B — up 28% from $3.44B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CACC positions and 16 closed out — a net gain of 19 holders — while 73 added to existing stakes and 70 trimmed.
The largest buyer was Cerity Partners, opening a new position worth an estimated $399M. The largest seller was Vanguard Group, cutting an estimated $41.9M.
- 226 institutional investors held Credit Acceptance (CACC) as of Q4 2023, up from 209 in Q3 2023.
- Funds reported $4.4B of Credit Acceptance stock for Q4 2023, up 28% quarter-over-quarter.
- 35 funds opened new Credit Acceptance positions in Q4 2023 and 16 closed out, a net change of +19 holders.
- The largest Credit Acceptance buyer in Q4 2023 was Cerity Partners, an estimated $399M added.
- The largest Credit Acceptance seller in Q4 2023 was Vanguard Group, an estimated $41.9M sold.
Based on aggregated 13F filings for Q4 2023.