Credit Acceptance
CACC
194 hedge funds and large institutions have $4.61B invested in Credit Acceptance in 2018 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 68 increasing their positions, 64 reducing their positions, and 19 closing their positions.
37% more call options, than puts
Call options by funds: $53.4M | Put options by funds: $39.1M
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
2% more funds holding
Funds holding: 191 → 194 (+3)
6% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 64
3% more capital invested
Capital invested by funds: $4.47B → $4.61B (+$142M)
2.2% less ownership
Funds ownership: 70.18% → 67.98% (-2.2%)
5% less funds holding in top 10
Funds holding in top 10: 19 → 18 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$24.5M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$16.2M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$8.98M |
| 4 |
BlackRock
New York
|
+$7.42M |
| 5 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$6.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$64.2M |
| 2 |
HP
Hound Partners
New York
|
-$37.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$24.6M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$23.5M |
| 5 |
GC
Giverny Capital
Montreal,
Quebec, Canada
|
-$21.6M |
CACC Hedge Fund Activity: Q2 2018 in Review
194 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2018, worth a combined $4.61B — up 3.2% from $4.47B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CACC positions and 19 closed out — a net gain of 5 holders — while 68 added to existing stakes and 64 trimmed.
The largest buyer was Epoch Investment Partners, opening a new position worth an estimated $24.5M. The largest seller was Goldman Sachs, cutting an estimated $64.2M.
- 194 institutional investors held Credit Acceptance (CACC) as of Q2 2018, up from 191 in Q1 2018.
- Funds reported $4.61B of Credit Acceptance stock for Q2 2018, up 3.2% quarter-over-quarter.
- 24 funds opened new Credit Acceptance positions in Q2 2018 and 19 closed out, a net change of +5 holders.
- The largest Credit Acceptance buyer in Q2 2018 was Epoch Investment Partners, an estimated $24.5M added.
- The largest Credit Acceptance seller in Q2 2018 was Goldman Sachs, an estimated $64.2M sold.
Based on aggregated 13F filings for Q2 2018.