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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
VFA
126
Virtus Fund Advisers
Connecticut
$74K +$79.4K +602 New
RIA
127
Regal Investment Advisors
Michigan
$65K -$1.84M -13,917 -96%
Citigroup
128
Citigroup
New York
$58K -$121K -917 -66%
Canada Life
129
Canada Life
Manitoba, Canada
$56K – – –
MOACM
130
Mutual of America Capital Management
New York
$53K – – –
Schroder Investment Management Group
131
Schroder Investment Management Group
United Kingdom
$49.2K -$2.2M -16,700 -98%
WA
132
WFG Advisors
Texas
$49K – – –
Teacher Retirement System of Texas
133
Teacher Retirement System of Texas
Texas
$47K – – –
LTFS
134
Ladenburg Thalmann Financial Services
Florida
$39K – – –
Toronto Dominion Bank
135
Toronto Dominion Bank
Ontario, Canada
$35K -$22.8K -173 -38%
AAM
136
Advisors Asset Management
Colorado
$35K -$6.07K -46 -14%
BlackRock
137
BlackRock
New York
$25K -$9.24K -70 -26%
US Bancorp
138
US Bancorp
Minnesota
$17K – – –
PCM
139
Prelude Capital Management
New York
$12K +$13.2K +100 New
BNP Paribas Financial Markets
140
BNP Paribas Financial Markets
France
$5.17K +$5.54K +42 New
DA
141
Denali Advisors
California
$3K – – –
Creative Planning
142
Creative Planning
Kansas
$3K +$2.9K +22 New
FHA
143
First Horizon Advisors
Tennessee
$3K +$4.36K +33 New
EFSCE
144
Enterprise Financial Services Corp (EFSC)
Missouri
$1K – – –
AWCI
145
Alpine Woods Capital Investors
New York
$246 – – –
D.E. Shaw & Co
146
D.E. Shaw & Co
New York
– -$1.39M -10,548 Closed
GAM
147
Gotham Asset Management
New York
– -$361K -2,540 Closed
HI
148
HBK Investments
Texas
– -$214K -1,507 Closed
BJ
149
BlackRock Japan
Japan
– -$21K -150 Closed
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.