Credit Acceptance
CACC
191 hedge funds and large institutions have $4.47B invested in Credit Acceptance in 2018 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 60 reducing their positions, and 34 closing their positions.
85% more call options, than puts
Call options by funds: $59M | Put options by funds: $31.9M
7% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 60
2% more capital invested
Capital invested by funds: $4.36B → $4.47B (+$107M)
0.33% more ownership
Funds ownership: 69.85% → 70.18% (+0.33%)
3% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 34
2% less funds holding
Funds holding: 194 → 191 (-3)
5% less funds holding in top 10
Funds holding in top 10: 20 → 19 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$117M |
| 2 |
JP Morgan Chase
New York
|
+$53.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$45.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$36.3M |
| 5 |
Goldman Sachs
New York
|
+$27.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$67.5M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
-$45.4M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$19.2M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$18.6M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$13.3M |
CACC Hedge Fund Activity: Q1 2018 in Review
191 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2018, worth a combined $4.47B — up 2.5% from $4.36B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CACC and 33 opened new positions — a net loss of 1 holder — while 60 trimmed existing stakes and 64 added.
The largest buyer was Hound Partners, adding an estimated $117M. The largest seller was Schroder Investment Management Group, cutting an estimated $67.5M.
- 191 institutional investors held Credit Acceptance (CACC) as of Q1 2018, down from 194 in Q4 2017.
- Funds reported $4.47B of Credit Acceptance stock for Q1 2018, up 2.5% quarter-over-quarter.
- 33 funds opened new Credit Acceptance positions in Q1 2018 and 34 closed out, a net change of -1 holder.
- The largest Credit Acceptance buyer in Q1 2018 was Hound Partners, an estimated $117M added.
- The largest Credit Acceptance seller in Q1 2018 was Schroder Investment Management Group, an estimated $67.5M sold.
Based on aggregated 13F filings for Q1 2018.