Credit Acceptance
CACC
144 hedge funds and large institutions have $1.64B invested in Credit Acceptance in 2015 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 59 reducing their positions, and 14 closing their positions.
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
46% more capital invested
Capital invested by funds: $1.12B → $1.64B (+$517M)
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
4% more funds holding
Funds holding: 139 → 144 (+5)
29% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 59
40% less call options, than puts
Call options by funds: $13.9M | Put options by funds: $23.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$45M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$7.32M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$7.01M |
| 4 |
Bank of New York Mellon
New York
|
+$6.02M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$5.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$8.3M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$5.55M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$4.89M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$3.08M |
| 5 |
Morgan Stanley
New York
|
-$2.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DTL
151
Dynamic Technology Lab
Singapore
| – | -$581K | -4,256 | Closed |
|
|
DCM
152
Dupont Capital Management
Wilmington,
Delaware
| – | -$450K | -3,300 | Closed |
|
|
SCM
153
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$398K | -2,919 | Closed |
|
|
CG
154
Clinton Group
New York
| – | -$354K | -2,592 | Closed |
|
155
Nomura Holdings
Tokyo,
Japan
| – | -$266K | -1,933 | Closed |
|
156
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$218K | -1,600 | Closed |
|
|
RFC
157
Russell Frank Company
Seattle,
Washington
| – | -$6K | -46 | Closed |
|
|
BRWA
158
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$4 | -32 | Closed |
|
CACC Hedge Fund Activity: Q1 2015 in Review
144 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2015, worth a combined $1.64B — up 46% from $1.12B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CACC positions and 14 closed out — a net gain of 7 holders — while 42 added to existing stakes and 59 trimmed.
The largest buyer was Vanguard Group, adding an estimated $45M. The largest seller was Renaissance Technologies, cutting an estimated $8.3M.
- 144 institutional investors held Credit Acceptance (CACC) as of Q1 2015, up from 139 in Q4 2014.
- Funds reported $1.64B of Credit Acceptance stock for Q1 2015, up 46% quarter-over-quarter.
- 21 funds opened new Credit Acceptance positions in Q1 2015 and 14 closed out, a net change of +7 holders.
- The largest Credit Acceptance buyer in Q1 2015 was Vanguard Group, an estimated $45M added.
- The largest Credit Acceptance seller in Q1 2015 was Renaissance Technologies, an estimated $8.3M sold.
Based on aggregated 13F filings for Q1 2015.