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Credit Acceptance
CACC

131 hedge funds and large institutions have $863M invested in Credit Acceptance in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 47 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $843M → $863M (+$19.3M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

4% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 47

2% less funds holding

Funds holding: 133 → 131 (-2)

Holders
131
Holders Change
-2
Holders Change %
-1.5%
% of All Funds
4.25%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
13
Increased
45
Reduced
47
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
B
BloombergSen
Ontario, Canada
+$9.65M
2
NI
Numeric Investors
Massachusetts
+$2.69M
3
BFA
BlackRock Fund Advisors
California
+$2.33M
4
JCM
Janney Capital Management
Pennsylvania
+$2.14M
5
OAM
Oxford Asset Management
United Kingdom
+$2.09M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$32.7M
2
AA
Ancient Art
Texas
-$11.9M
3
AIA
Affinity Investment Advisors
California
-$3.4M
4
Millennium Management
Millennium Management
New York
-$3.33M
5
Morgan Stanley
Morgan Stanley
New York
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGP
1
Prescott General Partners
Florida
$246M – – –
B
2
BloombergSen
Ontario, Canada
$68.2M +$9.65M +87,116 +16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$58.8M +$1.09M +9,828 +2%
CCM
4
Cantillon Capital Management
New York
$51.2M -$311K -2,807 -0.6%
Renaissance Technologies
5
Renaissance Technologies
New York
$38M – – –
BIT
6
BlackRock Institutional Trust
California
$35.1M -$1.36M -12,309 -4%
WA
7
Wasatch Advisors
Utah
$33.9M +$553K +4,993 +2%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$21.2M -$308K -2,777 -1%
TWS
9
Thomas W. Smith
$21M – – –
BFA
10
BlackRock Fund Advisors
California
$20.6M +$2.33M +21,058 +13%
State Street
11
State Street
Massachusetts
$16.2M -$193K -1,739 -1%
GIG
12
Goodnow Investment Group
Connecticut
$16M +$932K +8,418 +6%
ISL
13
Ingalls & Snyder LLC
New York
$15.9M -$297K -2,686 -2%
Northern Trust
14
Northern Trust
Illinois
$13.2M -$1.22M -10,982 -8%
AM
15
Account Management
Massachusetts
$13M – – –
O
16
OppenheimerFunds
New York
$12.2M +$698K +6,300 +6%
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$11.1M +$821K +7,409 +8%
Norges Bank
18
Norges Bank
Norway
$9.7M – – –
Loomis, Sayles & Company
19
Loomis, Sayles & Company
Massachusetts
$9.08M +$1.49M +13,498 +20%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$8.85M -$32.7M -294,891 -79%
BGIM
21
Brandywine Global Investment Management
Pennsylvania
$7.68M – – –
Geode Capital Management
22
Geode Capital Management
Massachusetts
$6.83M -$492K -4,446 -7%
Millennium Management
23
Millennium Management
New York
$6.8M -$3.33M -30,040 -33%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$5.62M -$249K -2,251 -4%
QBFM
25
QS Batterymarch Financial Management
New York
$5.4M – – –
1
2 3 4 5

CACC Hedge Fund Activity: Q3 2013 in Review

131 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2013, worth a combined $863M — up 2.3% from $843M a quarter earlier.

Fund positioning in CACC was balanced in Q3 2013: 13 funds opened new positions, 13 closed out, 45 added to existing stakes and 47 trimmed.

The largest buyer was BloombergSen, adding an estimated $9.65M. The largest seller was Fidelity Investments, cutting an estimated $32.7M.

  • 131 institutional investors held Credit Acceptance (CACC) as of Q3 2013, down from 133 in Q2 2013.
  • Funds reported $863M of Credit Acceptance stock for Q3 2013, up 2.3% quarter-over-quarter.
  • 13 funds opened new Credit Acceptance positions in Q3 2013 and 13 closed out, a net change of 0 holders.
  • The largest Credit Acceptance buyer in Q3 2013 was BloombergSen, an estimated $9.65M added.
  • The largest Credit Acceptance seller in Q3 2013 was Fidelity Investments, an estimated $32.7M sold.

Based on aggregated 13F filings for Q3 2013.