Credit Acceptance
CACC
166 hedge funds and large institutions have $1.92B invested in Credit Acceptance in 2015 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 64 increasing their positions, 54 reducing their positions, and 23 closing their positions.
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
19% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 54
17% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 23
2% more funds holding
Funds holding: 163 → 166 (+3)
6% less capital invested
Capital invested by funds: $2.05B → $1.92B (-$132M)
78% less call options, than puts
Call options by funds: $14.1M | Put options by funds: $64.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$116M |
| 2 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
+$53.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.9M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$17.2M |
| 5 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$6.81M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$5.65M |
| 3 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$5.28M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$5.18M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$4.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRS
176
Virginia Retirement Systems
Richmond,
Virginia
| – | -$1.03M | -4,200 | Closed |
|
177
Millennium Management
New York
| – | -$905K | -3,676 | Closed |
|
|
ZIM
178
Zacks Investment Management
Chicago,
Illinois
| – | -$861K | -3,497 | Closed |
|
|
1SB
179
1ST Source Bank
South Bend,
Indiana
| – | -$663K | -2,694 | Closed |
|
180
Squarepoint
New York
| – | -$615K | -2,500 | Closed |
|
|
NCCM
181
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$542K | -2,200 | Closed |
|
|
CEP
182
Chicago Equity Partners
Chicago,
Illinois
| – | -$378K | -1,535 | Closed |
|
|
IRF
183
IBM Retirement Fund
Armonk,
New York
| – | -$374K | -1,519 | Closed |
|
|
AB
184
Amalgamated Bank
New York
| – | -$241K | -979 | Closed |
|
185
Two Sigma Advisers
New York
| – | -$237K | -962 | Closed |
|
|
AGM
186
Alpine Global Management
New York
| – | -$123K | -498 | Closed |
|
|
PCM
187
Prelude Capital Management
New York
| – | -$78K | -316 | Closed |
|
|
BCM
188
Barometer Capital Management
Toronto,
Ontario, Canada
| – | -$57K | -230 | Closed |
|
|
DA
189
Denali Advisors
San Diego,
California
| – | -$3K | -14 | Closed |
|
CACC Hedge Fund Activity: Q3 2015 in Review
166 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2015, worth a combined $1.92B — down 6.4% from $2.05B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CACC positions and 23 closed out — a net gain of 4 holders — while 64 added to existing stakes and 54 trimmed.
The largest buyer was Abrams Bison Investments, opening a new position worth an estimated $116M. The largest seller was Prudential Financial, cutting an estimated $6.81M.
- 166 institutional investors held Credit Acceptance (CACC) as of Q3 2015, up from 163 in Q2 2015.
- Funds reported $1.92B of Credit Acceptance stock for Q3 2015, down 6.4% quarter-over-quarter.
- 27 funds opened new Credit Acceptance positions in Q3 2015 and 23 closed out, a net change of +4 holders.
- The largest Credit Acceptance buyer in Q3 2015 was Abrams Bison Investments, an estimated $116M added.
- The largest Credit Acceptance seller in Q3 2015 was Prudential Financial, an estimated $6.81M sold.
Based on aggregated 13F filings for Q3 2015.