Credit Acceptance
CACC
158 hedge funds and large institutions have $2.58B invested in Credit Acceptance in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 49 increasing their positions, 52 reducing their positions, and 19 closing their positions.
58.42% more ownership
Funds ownership: 0% → 58.42% (+58%)
58% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 19
25% more capital invested
Capital invested by funds: $2.06B → $2.58B (+$522M)
19% more call options, than puts
Call options by funds: $13.6M | Put options by funds: $11.4M
19% more funds holding in top 10
Funds holding in top 10: 16 → 19 (+3)
5% more funds holding
Funds holding: 150 → 158 (+8)
6% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$75.6M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
+$49.4M |
| 3 |
BG
Baupost Group
Boston,
Massachusetts
|
+$28M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$27.7M |
| 5 |
AWG
Alpha Wave Global
New York
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Makaira Partners
La Jolla,
California
|
-$26.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$10M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
-$6.59M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$4.07M |
| 5 |
CCM
Cantillon Capital Management
New York
|
-$3.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
US Bancorp
Minneapolis,
Minnesota
| – | -$97K | -484 | Closed |
|
177
EARNEST Partners
Atlanta,
Georgia
| – | +$388 | +2 | New |
|
CACC Hedge Fund Activity: Q4 2016 in Review
158 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2016, worth a combined $2.58B — up 25% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new CACC positions and 19 closed out — a net gain of 11 holders — while 49 added to existing stakes and 52 trimmed.
The largest buyer was Hound Partners, adding an estimated $75.6M. The largest seller was Makaira Partners, cutting an estimated $26.2M.
- 158 institutional investors held Credit Acceptance (CACC) as of Q4 2016, up from 150 in Q3 2016.
- Funds reported $2.58B of Credit Acceptance stock for Q4 2016, up 25% quarter-over-quarter.
- 30 funds opened new Credit Acceptance positions in Q4 2016 and 19 closed out, a net change of +11 holders.
- The largest Credit Acceptance buyer in Q4 2016 was Hound Partners, an estimated $75.6M added.
- The largest Credit Acceptance seller in Q4 2016 was Makaira Partners, an estimated $26.2M sold.
Based on aggregated 13F filings for Q4 2016.