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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$18M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$11.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.09M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.25M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$9.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.11M |
| 3 |
FNBOO
First National Bank of Omaha
Omaha,
Nebraska
|
-$3.75M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$2.98M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
-$2.84M |
CACC Hedge Fund Activity: Q2 2014 in Review
145 of the 3,491 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.