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Credit Acceptance
CACC

145 hedge funds and large institutions have $968M invested in Credit Acceptance in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

23% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $997K

8% more funds holding

Funds holding: 134 → 145 (+11)

13% less capital invested

Capital invested by funds: $1.11B → $968M (-$147M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

24% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 59

Holders
145
Holders Change
+11
Holders Change %
+8.21%
% of All Funds
4.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.14%
New
15
Increased
45
Reduced
59
Closed
4
Calls
$1.23M
Puts
$997K
Net Calls
+$234K
Net Calls Change
-$1.03M

Top Buyers

1
B
BloombergSen
Ontario, Canada
+$18M
2
Norges Bank
Norges Bank
Norway
+$11.5M
3
Bank of America
Bank of America
North Carolina
+$4.09M
4
Invesco
Invesco
Georgia
+$3.25M
5
GI
GAMCO Investors
Connecticut
+$3.04M

Top Sellers

1
BIT
BlackRock Institutional Trust
California
-$9.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$7.11M
3
FNBOO
First National Bank of Omaha
Nebraska
-$3.75M
4
BFA
BlackRock Fund Advisors
California
-$2.98M
5
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGP
1
Prescott General Partners
Florida
$274M – – –
B
2
BloombergSen
Ontario, Canada
$95.7M +$18M +136,755 +21%
Vanguard Group
3
Vanguard Group
Pennsylvania
$57.2M -$7.11M -53,866 -10%
CCM
4
Cantillon Capital Management
New York
$56.4M +$66K +500 +0.1%
Renaissance Technologies
5
Renaissance Technologies
New York
$40.8M +$528K +4,000 +1%
WA
6
Wasatch Advisors
Utah
$37.1M -$1.21M -9,187 -3%
BIT
7
BlackRock Institutional Trust
California
$36.7M -$9.7M -73,506 -20%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$24.6M +$1.25M +9,505 +5%
TWS
9
Thomas W. Smith
$23.3M – – –
Norges Bank
10
Norges Bank
Norway
$21.5M +$11.5M +87,514 +100%
BFA
11
BlackRock Fund Advisors
California
$19.5M -$2.98M -22,550 -12%
GIG
12
Goodnow Investment Group
Connecticut
$19.2M -$47.5K -360 -0.2%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$18.5M +$2.28M +17,288 +13%
State Street
14
State Street
Massachusetts
$17.1M -$451K -3,421 -2%
ISL
15
Ingalls & Snyder LLC
New York
$14.6M -$266K -2,017 -2%
Northern Trust
16
Northern Trust
Illinois
$12.5M -$1.47M -11,128 -10%
AM
17
Account Management
Massachusetts
$12.4M +$2.62M +19,840 +25%
BGIM
18
Brandywine Global Investment Management
Pennsylvania
$10.1M -$152K -1,155 -1%
Loomis, Sayles & Company
19
Loomis, Sayles & Company
Massachusetts
$9.65M -$210K -1,595 -2%
Invesco
20
Invesco
Georgia
$8.85M +$3.25M +24,651 +52%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$8.65M +$148K +1,123 +2%
American Century Companies
22
American Century Companies
Missouri
$7.57M +$160K +1,209 +2%
QCMNJ
23
Quantum Capital Management (New Jersey)
New Jersey
$7.12M +$1.65M +12,522 +28%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$6.37M +$259K +1,964 +4%
Bank of America
25
Bank of America
North Carolina
$6.11M +$4.09M +31,019 +167%
1
2 3 4 5

CACC Hedge Fund Activity: Q2 2014 in Review

145 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2014, worth a combined $968M — down 13% from $1.11B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CACC positions and 4 closed out — a net gain of 11 holders — while 45 added to existing stakes and 59 trimmed.

The largest buyer was BloombergSen, adding an estimated $18M. The largest seller was BlackRock Institutional Trust, cutting an estimated $9.7M.

  • 145 institutional investors held Credit Acceptance (CACC) as of Q2 2014, up from 134 in Q1 2014.
  • Funds reported $968M of Credit Acceptance stock for Q2 2014, down 13% quarter-over-quarter.
  • 15 funds opened new Credit Acceptance positions in Q2 2014 and 4 closed out, a net change of +11 holders.
  • The largest Credit Acceptance buyer in Q2 2014 was BloombergSen, an estimated $18M added.
  • The largest Credit Acceptance seller in Q2 2014 was BlackRock Institutional Trust, an estimated $9.7M sold.

Based on aggregated 13F filings for Q2 2014.