Credit Acceptance
CACC
148 hedge funds and large institutions have $2.79B invested in Credit Acceptance in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 63 increasing their positions, 34 reducing their positions, and 17 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 34
11.97% more ownership
Funds ownership: 58.42% → 70.4% (+12%)
8% more capital invested
Capital invested by funds: $2.58B → $2.79B (+$208M)
6% less funds holding
Funds holding: 158 → 148 (-10)
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
13% less call options, than puts
Call options by funds: $23.4M | Put options by funds: $26.8M
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$194M |
| 2 |
HP
Hound Partners
New York
|
+$110M |
| 3 |
BlackRock
New York
|
+$80.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$28.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$42M |
| 2 |
AWG
Alpha Wave Global
New York
|
-$16.7M |
| 3 |
OAM
Origin Asset Management
London,
United Kingdom
|
-$7.55M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$6.15M |
| 5 |
FQ
First Quadrant
Glendale,
California
|
-$5.45M |
CACC Hedge Fund Activity: Q1 2017 in Review
148 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2017, worth a combined $2.79B — up 8.1% from $2.58B a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CACC and 14 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 63 added.
The largest buyer was Ruane, Cunniff & Goldfarb, opening a new position worth an estimated $194M. The largest seller was BloombergSen, cutting an estimated $42M.
- 148 institutional investors held Credit Acceptance (CACC) as of Q1 2017, down from 158 in Q4 2016.
- Funds reported $2.79B of Credit Acceptance stock for Q1 2017, up 8.1% quarter-over-quarter.
- 14 funds opened new Credit Acceptance positions in Q1 2017 and 17 closed out, a net change of -3 holders.
- The largest Credit Acceptance buyer in Q1 2017 was Ruane, Cunniff & Goldfarb, an estimated $194M added.
- The largest Credit Acceptance seller in Q1 2017 was BloombergSen, an estimated $42M sold.
Based on aggregated 13F filings for Q1 2017.