Credit Acceptance
CACC
159 hedge funds and large institutions have $2.1B invested in Credit Acceptance in 2015 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 56 increasing their positions, 57 reducing their positions, and 35 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
9% more capital invested
Capital invested by funds: $1.92B → $2.1B (+$178M)
2% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 57
4% less funds holding
Funds holding: 166 → 159 (-7)
17% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 35
75% less call options, than puts
Call options by funds: $13.2M | Put options by funds: $53.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$95.1M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$25.2M |
| 3 |
Coatue Management
New York
|
+$7.54M |
| 4 |
BMO
Beck Mack & Oliver
New York
|
+$7.05M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$6.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$48M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$34.3M |
| 3 |
Renaissance Technologies
New York
|
-$22.1M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$13.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$12.1M |
CACC Hedge Fund Activity: Q4 2015 in Review
159 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2015, worth a combined $2.1B — up 9.3% from $1.92B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CACC and 29 opened new positions — a net loss of 6 holders — while 57 trimmed existing stakes and 56 added.
The largest buyer was Abrams Bison Investments, adding an estimated $95.1M. The largest seller was Herndon Capital Management, exiting entirely with an estimated $48M sold.
- 159 institutional investors held Credit Acceptance (CACC) as of Q4 2015, down from 166 in Q3 2015.
- Funds reported $2.1B of Credit Acceptance stock for Q4 2015, up 9.3% quarter-over-quarter.
- 29 funds opened new Credit Acceptance positions in Q4 2015 and 35 closed out, a net change of -6 holders.
- The largest Credit Acceptance buyer in Q4 2015 was Abrams Bison Investments, an estimated $95.1M added.
- The largest Credit Acceptance seller in Q4 2015 was Herndon Capital Management, an estimated $48M sold.
Based on aggregated 13F filings for Q4 2015.