Credit Acceptance
CACC
163 hedge funds and large institutions have $2.05B invested in Credit Acceptance in 2015 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 54 increasing their positions, 57 reducing their positions, and 12 closing their positions.
158% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 12
25% more capital invested
Capital invested by funds: $1.64B → $2.05B (+$417M)
13% more funds holding
Funds holding: 144 → 163 (+19)
5% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 57
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
32% less call options, than puts
Call options by funds: $14.3M | Put options by funds: $21.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$23.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.04M |
| 3 |
CCA
Catalyst Capital Advisors
Huntington,
New York
|
+$6.09M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$5.15M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$4.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$21.9M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
-$12.8M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$11.6M |
| 4 |
State Street
Boston,
Massachusetts
|
-$8.17M |
| 5 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
-$7.46M |
CACC Hedge Fund Activity: Q2 2015 in Review
163 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2015, worth a combined $2.05B — up 25% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CACC positions and 12 closed out — a net gain of 19 holders — while 54 added to existing stakes and 57 trimmed.
The largest buyer was TIAA CREF Investment Management, adding an estimated $23.2M. The largest seller was BlackRock Fund Advisors, cutting an estimated $21.9M.
- 163 institutional investors held Credit Acceptance (CACC) as of Q2 2015, up from 144 in Q1 2015.
- Funds reported $2.05B of Credit Acceptance stock for Q2 2015, up 25% quarter-over-quarter.
- 31 funds opened new Credit Acceptance positions in Q2 2015 and 12 closed out, a net change of +19 holders.
- The largest Credit Acceptance buyer in Q2 2015 was TIAA CREF Investment Management, an estimated $23.2M added.
- The largest Credit Acceptance seller in Q2 2015 was BlackRock Fund Advisors, an estimated $21.9M sold.
Based on aggregated 13F filings for Q2 2015.