Credit Acceptance
CACC
164 hedge funds and large institutions have $3.64B invested in Credit Acceptance in 2017 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 61 increasing their positions, 53 reducing their positions, and 11 closing their positions.
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
30% more capital invested
Capital invested by funds: $2.79B → $3.64B (+$850M)
18% more funds holding in top 10
Funds holding in top 10: 17 → 20 (+3)
15% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 53
11% more funds holding
Funds holding: 148 → 164 (+16)
2.66% more ownership
Funds ownership: 70.4% → 73.05% (+2.7%)
16% less call options, than puts
Call options by funds: $62.4M | Put options by funds: $74.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$97.6M |
| 2 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$43.7M |
| 3 |
Millennium Management
New York
|
+$39.1M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$25.1M |
| 5 |
Goldman Sachs
New York
|
+$25.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$49.4M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$32.1M |
| 3 |
BG
Baupost Group
Boston,
Massachusetts
|
-$31.9M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$30.9M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$27.3M |
CACC Hedge Fund Activity: Q2 2017 in Review
164 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2017, worth a combined $3.64B — up 30% from $2.79B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CACC positions and 11 closed out — a net gain of 16 holders — while 61 added to existing stakes and 53 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $97.6M. The largest seller was Hound Partners, cutting an estimated $49.4M.
- 164 institutional investors held Credit Acceptance (CACC) as of Q2 2017, up from 148 in Q1 2017.
- Funds reported $3.64B of Credit Acceptance stock for Q2 2017, up 30% quarter-over-quarter.
- 27 funds opened new Credit Acceptance positions in Q2 2017 and 11 closed out, a net change of +16 holders.
- The largest Credit Acceptance buyer in Q2 2017 was Wellington Management Group, an estimated $97.6M added.
- The largest Credit Acceptance seller in Q2 2017 was Hound Partners, an estimated $49.4M sold.
Based on aggregated 13F filings for Q2 2017.