Credit Acceptance
CACC
164 hedge funds and large institutions have $1.77B invested in Credit Acceptance in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 70 increasing their positions, 51 reducing their positions, and 17 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 51
35% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 17
3% more funds holding
Funds holding: 159 → 164 (+5)
16% less capital invested
Capital invested by funds: $2.1B → $1.77B (-$326M)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
33% less call options, than puts
Call options by funds: $8.01M | Put options by funds: $12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$23.7M |
| 2 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$18.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$17.9M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$9.82M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$4.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.1M |
| 2 |
Renaissance Technologies
New York
|
-$28.6M |
| 3 |
SJV
Scott J. Vassalluzzo
|
-$24.6M |
| 4 |
Bank of New York Mellon
New York
|
-$9.44M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Simplex Trading
Chicago,
Illinois
| – | -$147K | -770 | Closed |
|
|
PG
177
PEAK6 Group
Chicago,
Illinois
| – | -$125K | -586 | Closed |
|
|
IR
178
Invictus RG
Hamilton,
Bermuda
| – | -$54K | -254 | Closed |
|
|
PVH
179
Psagot Value Holdings
Tel Aviv,
Israel
| – | -$22K | -105 | Closed |
|
|
EFSCE
180
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$2K | -11 | Closed |
|
|
PCP
181
Proficio Capital Partners
Newton,
Massachusetts
| – | +$381 | +2 | New |
|
CACC Hedge Fund Activity: Q1 2016 in Review
164 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2016, worth a combined $1.77B — down 16% from $2.1B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CACC positions and 17 closed out — a net gain of 6 holders — while 70 added to existing stakes and 51 trimmed.
The largest buyer was Coatue Management, adding an estimated $23.7M. The largest seller was Fidelity Investments, cutting an estimated $29.1M.
- 164 institutional investors held Credit Acceptance (CACC) as of Q1 2016, up from 159 in Q4 2015.
- Funds reported $1.77B of Credit Acceptance stock for Q1 2016, down 16% quarter-over-quarter.
- 23 funds opened new Credit Acceptance positions in Q1 2016 and 17 closed out, a net change of +6 holders.
- The largest Credit Acceptance buyer in Q1 2016 was Coatue Management, an estimated $23.7M added.
- The largest Credit Acceptance seller in Q1 2016 was Fidelity Investments, an estimated $29.1M sold.
Based on aggregated 13F filings for Q1 2016.