Credit Acceptance
CACC
229 hedge funds and large institutions have $5.04B invested in Credit Acceptance in 2019 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 65 increasing their positions, 83 reducing their positions, and 40 closing their positions.
18% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 40
2% more funds holding
Funds holding: 225 → 229 (+4)
0.9% more ownership
Funds ownership: 60.18% → 61.08% (+0.9%)
3% less capital invested
Capital invested by funds: $5.22B → $5.04B (-$182M)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
22% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 83
65% less call options, than puts
Call options by funds: $31.3M | Put options by funds: $89.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$155M |
| 2 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$144M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$37.5M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$31.7M |
| 5 |
HP
Hound Partners
New York
|
+$26.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$55.7M |
| 2 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$37.9M |
| 3 |
JP Morgan Chase
New York
|
-$35.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$32.9M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$23.4M |
CACC Hedge Fund Activity: Q4 2019 in Review
229 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2019, worth a combined $5.04B — down 3.5% from $5.22B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CACC positions and 40 closed out — a net gain of 7 holders — while 65 added to existing stakes and 83 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $155M. The largest seller was Vanguard Group, cutting an estimated $55.7M.
- 229 institutional investors held Credit Acceptance (CACC) as of Q4 2019, up from 225 in Q3 2019.
- Funds reported $5.04B of Credit Acceptance stock for Q4 2019, down 3.5% quarter-over-quarter.
- 47 funds opened new Credit Acceptance positions in Q4 2019 and 40 closed out, a net change of +7 holders.
- The largest Credit Acceptance buyer in Q4 2019 was Principal Financial Group, an estimated $155M added.
- The largest Credit Acceptance seller in Q4 2019 was Vanguard Group, an estimated $55.7M sold.
Based on aggregated 13F filings for Q4 2019.