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Credit Acceptance
CACC

145 hedge funds and large institutions have $968M invested in Credit Acceptance in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

23% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $997K

8% more funds holding

Funds holding: 134 → 145 (+11)

13% less capital invested

Capital invested by funds: $1.11B → $968M (-$147M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

24% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 59

Holders
145
Holders Change
+11
Holders Change %
+8.21%
% of All Funds
4.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.14%
New
15
Increased
45
Reduced
59
Closed
4
Calls
$1.23M
Puts
$997K
Net Calls
+$234K
Net Calls Change
-$1.03M

Top Buyers

1
B
BloombergSen
Ontario, Canada
+$18M
2
Norges Bank
Norges Bank
Norway
+$11.5M
3
Bank of America
Bank of America
North Carolina
+$4.09M
4
Invesco
Invesco
Georgia
+$3.25M
5
GI
GAMCO Investors
Connecticut
+$3.04M

Top Sellers

1
BIT
BlackRock Institutional Trust
California
-$9.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$7.11M
3
FNBOO
First National Bank of Omaha
Nebraska
-$3.75M
4
BFA
BlackRock Fund Advisors
California
-$2.98M
5
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nisa Investment Advisors
101
Nisa Investment Advisors
Missouri
$369K – – –
KBC Group
102
KBC Group
Belgium
$357K +$383K +2,904 New
Susquehanna International Group
103
Susquehanna International Group
Pennsylvania
$354K -$325K -2,465 -46%
CSS
104
Cubist Systematic Strategies
Connecticut
$348K +$373K +2,830 New
SCM
105
Stevens Capital Management
Pennsylvania
$345K +$370K +2,801 New
DCM
106
Dupont Capital Management
Delaware
$332K +$356K +2,700 New
CCMG
107
Clark Capital Management Group
Pennsylvania
$327K -$924 -7 -0.3%
Los Angeles Capital Management
108
Los Angeles Capital Management
California
$313K -$16.5K -125 -5%
T. Rowe Price Associates
109
T. Rowe Price Associates
Maryland
$295K – – –
RG
110
Renaissance Group
Kentucky
$263K -$5.67K -43 -2%
ZIM
111
Zacks Investment Management
Illinois
$259K +$19K +144 +7%
Public Employees Retirement Association of Colorado
112
Public Employees Retirement Association of Colorado
Colorado
$255K – – –
William Blair & Company
113
William Blair & Company
Illinois
$233K – – –
MCM
114
Munder Capital Management
Michigan
$229K -$660 -5 -0.3%
Bank of Montreal
115
Bank of Montreal
Ontario, Canada
$215K +$23.6K +179 +11%
GC
116
Globeflex Capital
California
$209K – – –
Principal Financial Group
117
Principal Financial Group
Iowa
$208K -$99K -750 -31%
Envestnet Asset Management
118
Envestnet Asset Management
Illinois
$174K +$151K +1,141 +423%
Canada Pension Plan Investment Board
119
Canada Pension Plan Investment Board
Ontario, Canada
$172K +$39.6K +300 +27%
Fuller & Thaler Asset Management
120
Fuller & Thaler Asset Management
California
$123K – – –
PAM
121
Paradigm Asset Management
New York
$111K +$33K +250 +38%
Royal Bank of Canada
122
Royal Bank of Canada
Ontario, Canada
$107K +$2.9K +22 +3%
RFC
123
Russell Frank Company
Washington
$106K -$31.5K -239 -20%
RA
124
Royce & Associates
New York
$104K – – –
FQ
125
First Quadrant
California
$98K – – –
2 3 4
5
6

CACC Hedge Fund Activity: Q2 2014 in Review

145 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2014, worth a combined $968M — down 13% from $1.11B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CACC positions and 4 closed out — a net gain of 11 holders — while 45 added to existing stakes and 59 trimmed.

The largest buyer was BloombergSen, adding an estimated $18M. The largest seller was BlackRock Institutional Trust, cutting an estimated $9.7M.

  • 145 institutional investors held Credit Acceptance (CACC) as of Q2 2014, up from 134 in Q1 2014.
  • Funds reported $968M of Credit Acceptance stock for Q2 2014, down 13% quarter-over-quarter.
  • 15 funds opened new Credit Acceptance positions in Q2 2014 and 4 closed out, a net change of +11 holders.
  • The largest Credit Acceptance buyer in Q2 2014 was BloombergSen, an estimated $18M added.
  • The largest Credit Acceptance seller in Q2 2014 was BlackRock Institutional Trust, an estimated $9.7M sold.

Based on aggregated 13F filings for Q2 2014.