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Credit Acceptance
CACC

131 hedge funds and large institutions have $863M invested in Credit Acceptance in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 47 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $843M → $863M (+$19.3M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

4% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 47

2% less funds holding

Funds holding: 133 → 131 (-2)

Holders
131
Holders Change
-2
Holders Change %
-1.5%
% of All Funds
4.25%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
13
Increased
45
Reduced
47
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
B
BloombergSen
Ontario, Canada
+$9.65M
2
NI
Numeric Investors
Massachusetts
+$2.69M
3
BFA
BlackRock Fund Advisors
California
+$2.33M
4
JCM
Janney Capital Management
Pennsylvania
+$2.14M
5
OAM
Oxford Asset Management
United Kingdom
+$2.09M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$32.7M
2
AA
Ancient Art
Texas
-$11.9M
3
AIA
Affinity Investment Advisors
California
-$3.4M
4
Millennium Management
Millennium Management
New York
-$3.33M
5
Morgan Stanley
Morgan Stanley
New York
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
126
BlackRock
New York
$30K – – –
Envestnet Asset Management
127
Envestnet Asset Management
Illinois
$4K -$4.21K -38 -54%
DA
128
Denali Advisors
California
$2K +$2.44K +22 New
EFSCE
129
Enterprise Financial Services Corp (EFSC)
Missouri
$1K – – –
RIA
130
Regal Investment Advisors
Michigan
$1K – – –
Manulife (Manufacturers Life Insurance)
131
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$664 -$29.1K -263 -4%
AA
132
Ancient Art
Texas
– -$11.9M -113,251 Closed
AIA
133
Affinity Investment Advisors
California
– -$3.4M -32,384 Closed
HCS
134
Harvest Capital Strategies
California
– -$1.58M -15,000 Closed
ARC
135
Absolute Return Capital
Massachusetts
– -$1.36M -12,970 Closed
NAM
136
NorthCoast Asset Management
Connecticut
– -$754K -7,179 Closed
BIM
137
Bogle Investment Management
Massachusetts
– -$647K -6,164 Closed
EMG
138
Ellington Management Group
Connecticut
– -$525K -5,000 Closed
GC
139
Guggenheim Capital
Illinois
– -$363K -3,455 Closed
Tudor Investment Corp
140
Tudor Investment Corp
Connecticut
– -$357K -3,400 Closed
Two Sigma Investments
141
Two Sigma Investments
New York
– -$309K -2,935 Closed
ACI
142
AMP Capital Investors
Australia
– -$296K -2,726 Closed
NCCM
143
Nine Chapters Capital Management
New Jersey
– -$221K -2,100 Closed
AL
144
Airain Ltd
Guernsey
– -$201K -1,913 Closed
2 3 4 5
6

CACC Hedge Fund Activity: Q3 2013 in Review

131 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2013, worth a combined $863M — up 2.3% from $843M a quarter earlier.

Fund positioning in CACC was balanced in Q3 2013: 13 funds opened new positions, 13 closed out, 45 added to existing stakes and 47 trimmed.

The largest buyer was BloombergSen, adding an estimated $9.65M. The largest seller was Fidelity Investments, cutting an estimated $32.7M.

  • 131 institutional investors held Credit Acceptance (CACC) as of Q3 2013, down from 133 in Q2 2013.
  • Funds reported $863M of Credit Acceptance stock for Q3 2013, up 2.3% quarter-over-quarter.
  • 13 funds opened new Credit Acceptance positions in Q3 2013 and 13 closed out, a net change of 0 holders.
  • The largest Credit Acceptance buyer in Q3 2013 was BloombergSen, an estimated $9.65M added.
  • The largest Credit Acceptance seller in Q3 2013 was Fidelity Investments, an estimated $32.7M sold.

Based on aggregated 13F filings for Q3 2013.