Credit Acceptance
CACC
194 hedge funds and large institutions have $4.36B invested in Credit Acceptance in 2017 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 57 increasing their positions, 68 reducing their positions, and 18 closing their positions.
128% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 18
35% more call options, than puts
Call options by funds: $99.8M | Put options by funds: $74.1M
13% more capital invested
Capital invested by funds: $3.85B → $4.36B (+$505M)
12% more funds holding
Funds holding: 173 → 194 (+21)
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
1.45% less ownership
Funds ownership: 71.29% → 69.85% (-1.4%)
16% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 68
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$60.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$54.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.5M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$18.9M |
| 5 |
GC
Giverny Capital
Montreal,
Quebec, Canada
|
+$17.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$105M |
| 2 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$63.7M |
| 3 |
AA
Ancient Art
Austin,
Texas
|
-$49.4M |
| 4 |
Millennium Management
New York
|
-$32.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$12.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZIM
201
Zacks Investment Management
Chicago,
Illinois
| – | -$898K | -3,206 | Closed |
|
|
BCM
202
Bayesian Capital Management
Brooklyn,
New York
| – | -$842K | -3,004 | Closed |
|
203
Pacer Advisors
Malvern,
Pennsylvania
| – | -$676K | -2,413 | Closed |
|
|
NI
204
Numeric Investors
Boston,
Massachusetts
| – | -$650K | -2,320 | Closed |
|
|
BRF
205
B. Riley Financial
Los Angeles,
California
| – | -$580K | -2,070 | Closed |
|
206
American Century Companies
Kansas City,
Missouri
| – | -$346K | -1,236 | Closed |
|
|
KI
207
Koch Industries
Wichita,
Kansas
| – | -$322K | -1,148 | Closed |
|
208
SG Americas Securities
New York
| – | -$309K | -1,104 | Closed |
|
|
VIA
209
Vident Investment Advisory
Alpharetta,
Georgia
| – | -$256K | -912 | Closed |
|
|
TG
210
TLP Group
Evanston,
Illinois
| – | -$25K | -88 | Closed |
|
|
GWM
211
Geneos Wealth Management
Englewood,
Colorado
| – | -$8K | -29 | Closed |
|
|
PFGIA
212
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$1K | -5 | Closed |
|
CACC Hedge Fund Activity: Q4 2017 in Review
194 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2017, worth a combined $4.36B — up 13% from $3.85B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CACC positions and 18 closed out — a net gain of 23 holders — while 57 added to existing stakes and 68 trimmed.
The largest buyer was Schroder Investment Management Group, adding an estimated $60.3M. The largest seller was Hound Partners, cutting an estimated $105M.
- 194 institutional investors held Credit Acceptance (CACC) as of Q4 2017, up from 173 in Q3 2017.
- Funds reported $4.36B of Credit Acceptance stock for Q4 2017, up 13% quarter-over-quarter.
- 41 funds opened new Credit Acceptance positions in Q4 2017 and 18 closed out, a net change of +23 holders.
- The largest Credit Acceptance buyer in Q4 2017 was Schroder Investment Management Group, an estimated $60.3M added.
- The largest Credit Acceptance seller in Q4 2017 was Hound Partners, an estimated $105M sold.
Based on aggregated 13F filings for Q4 2017.