Credit Acceptance
CACC
150 hedge funds and large institutions have $2.1B invested in Credit Acceptance in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 55 reducing their positions, and 20 closing their positions.
17% more capital invested
Capital invested by funds: $1.8B → $2.1B (+$302M)
0% more funds holding in top 10
Funds holding in top 10: 16 → 16 (0)
3% less funds holding
Funds holding: 154 → 150 (-4)
15% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 20
16% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 55
27% less call options, than puts
Call options by funds: $4.95M | Put options by funds: $6.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$101M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$22.9M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$19.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$16.2M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
-$28.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$13.5M |
| 3 |
MP
Makaira Partners
La Jolla,
California
|
-$9.77M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.38M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$3.42M |
CACC Hedge Fund Activity: Q3 2016 in Review
150 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2016, worth a combined $2.1B — up 17% from $1.8B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CACC and 17 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 46 added.
The largest buyer was Hound Partners, opening a new position worth an estimated $101M. The largest seller was Coatue Management, exiting entirely with an estimated $28.9M sold.
- 150 institutional investors held Credit Acceptance (CACC) as of Q3 2016, down from 154 in Q2 2016.
- Funds reported $2.1B of Credit Acceptance stock for Q3 2016, up 17% quarter-over-quarter.
- 17 funds opened new Credit Acceptance positions in Q3 2016 and 20 closed out, a net change of -3 holders.
- The largest Credit Acceptance buyer in Q3 2016 was Hound Partners, an estimated $101M added.
- The largest Credit Acceptance seller in Q3 2016 was Coatue Management, an estimated $28.9M sold.
Based on aggregated 13F filings for Q3 2016.