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Credit Acceptance
CACC

132 hedge funds and large institutions have $1.02B invested in Credit Acceptance in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 43 increasing their positions, 55 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

6% more capital invested

Capital invested by funds: $968M → $1.02B (+$55.2M)

9% less funds holding

Funds holding: 145 → 132 (-13)

22% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 55

25% less call options, than puts

Call options by funds: $5.58M | Put options by funds: $7.46M

57% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 23

Holders
132
Holders Change
-13
Holders Change %
-8.97%
% of All Funds
3.83%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.17%
New
10
Increased
43
Reduced
55
Closed
23
Calls
$5.58M
Puts
$7.46M
Net Calls
-$1.88M
Net Calls Change
-$2.11M

Top Buyers

1
BMO
Beck Mack & Oliver
New York
+$32.9M
2
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
+$13.1M
3
B
BloombergSen
Ontario, Canada
+$9.24M
4
AA
Ancient Art
Texas
+$9.18M
5
WA
Wasatch Advisors
Utah
+$4.58M

Top Sellers

1
Norges Bank
Norges Bank
Norway
-$10.7M
2
Bank of America
Bank of America
North Carolina
-$5.17M
3
Renaissance Technologies
Renaissance Technologies
New York
-$4.25M
4
Invesco
Invesco
Georgia
-$3.82M
5
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$3.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGP
1
Prescott General Partners
Florida
$280M – – –
B
2
BloombergSen
Ontario, Canada
$107M +$9.24M +75,398 +10%
Vanguard Group
3
Vanguard Group
Pennsylvania
$57.4M -$1.19M -9,748 -2%
CCM
4
Cantillon Capital Management
New York
$57.2M -$503K -4,100 -0.9%
WA
5
Wasatch Advisors
Utah
$42.7M +$4.58M +37,333 +12%
Renaissance Technologies
6
Renaissance Technologies
New York
$37.4M -$4.25M -34,700 -10%
BIT
7
BlackRock Institutional Trust
California
$34.6M -$2.94M -24,018 -8%
BMO
8
Beck Mack & Oliver
New York
$33.8M +$32.9M +268,455 New
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$27.9M +$2.59M +21,140 +11%
TWS
10
Thomas W. Smith
$23.8M – – –
GIG
11
Goodnow Investment Group
Connecticut
$20.3M +$669K +5,460 +4%
PNC Financial Services Group
12
PNC Financial Services Group
Pennsylvania
$19.6M +$622K +5,074 +3%
BFA
13
BlackRock Fund Advisors
California
$19.3M -$597K -4,874 -3%
State Street
14
State Street
Massachusetts
$16.9M -$593K -4,839 -3%
ISL
15
Ingalls & Snyder LLC
New York
$14.5M -$450K -3,675 -3%
IFLIT
16
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$13.4M +$13.1M +106,585 New
Northern Trust
17
Northern Trust
Illinois
$12.3M -$525K -4,286 -4%
BGIM
18
Brandywine Global Investment Management
Pennsylvania
$11.9M +$1.54M +12,530 +15%
AM
19
Account Management
Massachusetts
$11.5M -$1.15M -9,375 -9%
Norges Bank
20
Norges Bank
Norway
$11M -$10.7M -87,514 -50%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$9.46M +$588K +4,800 +7%
AA
22
Ancient Art
Texas
$9.44M +$9.18M +74,869 New
American Century Companies
23
American Century Companies
Missouri
$8.49M +$721K +5,883 +10%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$8.46M +$1.88M +15,315 +30%
QCMNJ
25
Quantum Capital Management (New Jersey)
New Jersey
$7.46M +$170K +1,386 +2%
1
2 3 4 5

CACC Hedge Fund Activity: Q3 2014 in Review

132 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2014, worth a combined $1.02B — up 5.7% from $968M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CACC and 10 opened new positions — a net loss of 13 holders — while 55 trimmed existing stakes and 43 added.

The largest buyer was Beck Mack & Oliver, opening a new position worth an estimated $32.9M. The largest seller was Norges Bank, cutting an estimated $10.7M.

  • 132 institutional investors held Credit Acceptance (CACC) as of Q3 2014, down from 145 in Q2 2014.
  • Funds reported $1.02B of Credit Acceptance stock for Q3 2014, up 5.7% quarter-over-quarter.
  • 10 funds opened new Credit Acceptance positions in Q3 2014 and 23 closed out, a net change of -13 holders.
  • The largest Credit Acceptance buyer in Q3 2014 was Beck Mack & Oliver, an estimated $32.9M added.
  • The largest Credit Acceptance seller in Q3 2014 was Norges Bank, an estimated $10.7M sold.

Based on aggregated 13F filings for Q3 2014.