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Credit Acceptance
CACC

173 hedge funds and large institutions have $3.85B invested in Credit Acceptance in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 54 increasing their positions, 58 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

6% more capital invested

Capital invested by funds: $3.64B → $3.85B (+$214M)

5% more funds holding

Funds holding: 164 → 173 (+9)

7% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 58

1.76% less ownership

Funds ownership: 73.05% → 71.29% (-1.8%)

5% less funds holding in top 10

Funds holding in top 10: 20 → 19 (-1)

36% less call options, than puts

Call options by funds: $87.5M | Put options by funds: $136M

Holders
173
Holders Change
+9
Holders Change %
+5.49%
% of All Funds
4.31%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.47%
New
28
Increased
54
Reduced
58
Closed
18
Calls
$87.5M
Puts
$136M
Net Calls
-$48.5M
Net Calls Change
-$36.3M

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.1M
2
Invesco
Invesco
Georgia
+$24.5M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$15.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$15.2M
5
Goldman Sachs
Goldman Sachs
New York
+$15.1M

Top Sellers

Rank Fund Capital Flow
1
HP
Hound Partners
New York
-$79.6M
2
American Century Companies
American Century Companies
Missouri
-$28.6M
3
BG
Baupost Group
Massachusetts
-$25.4M
4
AA
Ancient Art
Texas
-$23.3M
5
HHMI
Howard Hughes Medical Institute
Maryland
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFM
176
Soros Fund Management
New York
– -$6.58M -25,600 Closed
CG
177
Clinton Group
New York
– -$1.62M -6,317 Closed
ACI
178
AMP Capital Investors
Australia
– -$936K -3,600 Closed
PP
179
Paloma Partners
Connecticut
– -$736K -2,863 Closed
CG
180
Cutler Group
California
– -$604K -2,300 Closed
TMC
181
Trellus Management Company
Florida
– -$518K -2,014 Closed
IA
182
Icon Advisers
Colorado
– -$360K -1,400 Closed
BCM
183
BlueCrest Capital Management
Jersey
– -$322K -1,252 Closed
CSS
184
Cubist Systematic Strategies
Connecticut
– -$286K -1,112 Closed
First Manhattan
185
First Manhattan
New York
– -$77K -300 Closed
AIG
186
American International Group
New York
– -$69K -268 Closed
TSW
187
Thompson Siegel & Walmsley
Virginia
– -$52K -204 Closed
AIM
188
Acrospire Investment Management
Illinois
– -$51K -200 Closed
Creative Planning
189
Creative Planning
Kansas
– -$51K -200 Closed
SEC
190
Seven Eight Capital
New York
– -$8K -32 Closed
PHK
191
Point72 Hong Kong
Hong Kong
– -$5K -18 Closed
4 5 6 7
8

CACC Hedge Fund Activity: Q3 2017 in Review

173 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2017, worth a combined $3.85B — up 5.9% from $3.64B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new CACC positions and 18 closed out — a net gain of 10 holders — while 54 added to existing stakes and 58 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $31.1M. The largest seller was Hound Partners, cutting an estimated $79.6M.

  • 173 institutional investors held Credit Acceptance (CACC) as of Q3 2017, up from 164 in Q2 2017.
  • Funds reported $3.85B of Credit Acceptance stock for Q3 2017, up 5.9% quarter-over-quarter.
  • 28 funds opened new Credit Acceptance positions in Q3 2017 and 18 closed out, a net change of +10 holders.
  • The largest Credit Acceptance buyer in Q3 2017 was Wellington Management Group, an estimated $31.1M added.
  • The largest Credit Acceptance seller in Q3 2017 was Hound Partners, an estimated $79.6M sold.

Based on aggregated 13F filings for Q3 2017.