Credit Acceptance
CACC
197 hedge funds and large institutions have $5.38B invested in Credit Acceptance in 2020 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 62 increasing their positions, 67 reducing their positions, and 37 closing their positions.
69% more capital invested
Capital invested by funds: $3.19B → $5.38B (+$2.19B)
20% more funds holding in top 10
Funds holding in top 10: 15 → 18 (+3)
3.96% more ownership
Funds ownership: 68.76% → 72.72% (+4%)
3% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 37
0% more funds holding
Funds holding: 197 → 197 (0)
7% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 67
23% less call options, than puts
Call options by funds: $151M | Put options by funds: $196M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$123M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
+$42.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$25.9M |
| 4 |
RC
RV Capital
Schindellegi,
Switzerland
|
+$19.4M |
| 5 |
GC
Gobi Capital
San Francisco,
California
|
+$16.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$67.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$26.4M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$12.4M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$11.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.5M |
CACC Hedge Fund Activity: Q2 2020 in Review
197 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q2 2020, worth a combined $5.38B — up 69% from $3.19B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CACC positions and 37 closed out — a net gain of 1 holder — while 62 added to existing stakes and 67 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $123M. The largest seller was Vulcan Value Partners, cutting an estimated $67.3M.
- 197 institutional investors held Credit Acceptance (CACC) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $5.38B of Credit Acceptance stock for Q2 2020, up 69% quarter-over-quarter.
- 38 funds opened new Credit Acceptance positions in Q2 2020 and 37 closed out, a net change of +1 holder.
- The largest Credit Acceptance buyer in Q2 2020 was Principal Financial Group, an estimated $123M added.
- The largest Credit Acceptance seller in Q2 2020 was Vulcan Value Partners, an estimated $67.3M sold.
Based on aggregated 13F filings for Q2 2020.