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.
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
Top Buyers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$31.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$24.5M |
| 3 |
D.E. Shaw & Co
New York
|
+$15.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.2M |
| 5 |
Goldman Sachs
New York
|
+$15.1M |
Top Sellers
| 1 |
HP
Hound Partners
New York
|
-$79.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$28.6M |
| 3 |
BG
Baupost Group
Boston,
Massachusetts
|
-$25.4M |
| 4 |
AA
Ancient Art
Austin,
Texas
|
-$23.3M |
| 5 |
HHMI
Howard Hughes Medical Institute
Chevy Chase,
Maryland
|
-$20.3M |
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.