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Credit Acceptance
CACC

166 hedge funds and large institutions have $1.92B invested in Credit Acceptance in 2015 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 64 increasing their positions, 54 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

19% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 54

17% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 23

2% more funds holding

Funds holding: 163 → 166 (+3)

6% less capital invested

Capital invested by funds: $2.05B → $1.92B (-$132M)

78% less call options, than puts

Call options by funds: $14.1M | Put options by funds: $64.9M

Holders
166
Holders Change
+3
Holders Change %
+1.84%
% of All Funds
4.63%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.25%
New
27
Increased
64
Reduced
54
Closed
23
Calls
$14.1M
Puts
$64.9M
Net Calls
-$50.8M
Net Calls Change
-$44M

Top Buyers

1
ABI
Abrams Bison Investments
Maryland
+$116M
2
HCM
Herndon Capital Management
Georgia
+$53.4M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$32.9M
4
Federated Hermes
Federated Hermes
Pennsylvania
+$17.2M
5
B
BloombergSen
Ontario, Canada
+$13.8M

Top Sellers

1
Prudential Financial
Prudential Financial
New Jersey
-$6.81M
2
Invesco
Invesco
Georgia
-$5.65M
3
PG
PEAK6 Group
Illinois
-$5.28M
4
WA
Wasatch Advisors
Utah
-$5.18M
5
RFC
Russell Frank Company
Washington
-$4.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGP
1
Prescott General Partners
Florida
$438M – – –
B
2
BloombergSen
Ontario, Canada
$190M +$13.8M +62,861 +7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$139M +$6.22M +28,389 +4%
ABI
4
Abrams Bison Investments
Maryland
$104M +$116M +528,749 New
CCM
5
Cantillon Capital Management
New York
$86.9M -$307K -1,400 -0.3%
BMO
6
Beck Mack & Oliver
New York
$60.1M +$3.14M +14,345 +5%
Renaissance Technologies
7
Renaissance Technologies
New York
$59.4M +$12.1M +55,388 +23%
WA
8
Wasatch Advisors
Utah
$59M -$5.18M -23,671 -7%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$49.5M +$668K +3,051 +1%
HCM
10
Herndon Capital Management
Georgia
$48M +$53.4M +243,871 New
BIT
11
BlackRock Institutional Trust
California
$47.9M +$1.92M +8,757 +4%
PNC Financial Services Group
12
PNC Financial Services Group
Pennsylvania
$43.9M +$346K +1,580 +0.7%
Fidelity Investments
13
Fidelity Investments
Massachusetts
$39.6M +$32.9M +150,316 +296%
GIG
14
Goodnow Investment Group
Connecticut
$37.8M +$4.75M +21,710 +13%
TWS
15
Thomas W. Smith
$37.2M – – –
TCIM
16
TIAA CREF Investment Management
New York
$26.5M -$1.47M -6,717 -5%
Federated Hermes
17
Federated Hermes
Pennsylvania
$19.7M +$17.2M +78,555 +361%
ISL
18
Ingalls & Snyder LLC
New York
$18.5M -$488K -2,230 -2%
State Street
19
State Street
Massachusetts
$17.7M +$2.15M +9,825 +12%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$17.6M -$391K -1,785 -2%
BGIM
21
Brandywine Global Investment Management
Pennsylvania
$17.4M -$83K -379 -0.4%
AM
22
Account Management
Massachusetts
$15.2M -$944K -4,310 -5%
AQR Capital Management
23
AQR Capital Management
Connecticut
$15.1M +$9.74M +44,501 +139%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$14.9M +$1.46M +6,649 +10%
BFA
25
BlackRock Fund Advisors
California
$14.1M +$479K +2,186 +3%
1
2 3 4 5

CACC Hedge Fund Activity: Q3 2015 in Review

166 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2015, worth a combined $1.92B — down 6.4% from $2.05B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new CACC positions and 23 closed out — a net gain of 4 holders — while 64 added to existing stakes and 54 trimmed.

The largest buyer was Abrams Bison Investments, opening a new position worth an estimated $116M. The largest seller was Prudential Financial, cutting an estimated $6.81M.

  • 166 institutional investors held Credit Acceptance (CACC) as of Q3 2015, up from 163 in Q2 2015.
  • Funds reported $1.92B of Credit Acceptance stock for Q3 2015, down 6.4% quarter-over-quarter.
  • 27 funds opened new Credit Acceptance positions in Q3 2015 and 23 closed out, a net change of +4 holders.
  • The largest Credit Acceptance buyer in Q3 2015 was Abrams Bison Investments, an estimated $116M added.
  • The largest Credit Acceptance seller in Q3 2015 was Prudential Financial, an estimated $6.81M sold.

Based on aggregated 13F filings for Q3 2015.