Credit Acceptance
CACC
207 hedge funds and large institutions have $4.19B invested in Credit Acceptance in 2020 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 66 increasing their positions, 68 reducing their positions, and 31 closing their positions.
23% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 31
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
2% more funds holding
Funds holding: 202 → 207 (+5)
2% less capital invested
Capital invested by funds: $4.28B → $4.19B (-$93M)
3% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 68
3.24% less ownership
Funds ownership: 71.89% → 68.64% (-3.2%)
42% less call options, than puts
Call options by funds: $73.6M | Put options by funds: $127M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
+$102M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$102M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$64.4M |
| 4 |
Morgan Stanley
New York
|
+$14.6M |
| 5 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$538M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$43.6M |
| 3 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$20.3M |
| 4 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$14.4M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$14.4M |
CACC Hedge Fund Activity: Q4 2020 in Review
207 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q4 2020, worth a combined $4.19B — down 2.2% from $4.28B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CACC positions and 31 closed out — a net gain of 7 holders — while 66 added to existing stakes and 68 trimmed.
The largest buyer was Brave Warrior Advisors, adding an estimated $102M. The largest seller was Vulcan Value Partners, exiting entirely with an estimated $538M sold.
- 207 institutional investors held Credit Acceptance (CACC) as of Q4 2020, up from 202 in Q3 2020.
- Funds reported $4.19B of Credit Acceptance stock for Q4 2020, down 2.2% quarter-over-quarter.
- 38 funds opened new Credit Acceptance positions in Q4 2020 and 31 closed out, a net change of +7 holders.
- The largest Credit Acceptance buyer in Q4 2020 was Brave Warrior Advisors, an estimated $102M added.
- The largest Credit Acceptance seller in Q4 2020 was Vulcan Value Partners, an estimated $538M sold.
Based on aggregated 13F filings for Q4 2020.