Credit Acceptance
CACC
209 hedge funds and large institutions have $3.44B invested in Credit Acceptance in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 65 increasing their positions, 78 reducing their positions, and 30 closing their positions.
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
7% less funds holding
Funds holding: 225 → 209 (-16)
7.74% less ownership
Funds ownership: 66.1% → 58.36% (-7.7%)
17% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 78
20% less capital invested
Capital invested by funds: $4.31B → $3.44B (-$868M)
47% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 30
50% less call options, than puts
Call options by funds: $52.7M | Put options by funds: $105M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$22.5M |
| 2 |
BlackRock
New York
|
+$16.5M |
| 3 |
CSNH
Crow's Nest Holdings
Richmond,
Virginia
|
+$9.11M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.09M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
-$451M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$35.7M |
| 3 |
GC
Gobi Capital
San Francisco,
California
|
-$32.5M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$11.8M |
| 5 |
KC
Kize Capital
New York
|
-$11.3M |
CACC Hedge Fund Activity: Q3 2023 in Review
209 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q3 2023, worth a combined $3.44B — down 20% from $4.31B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CACC and 16 opened new positions — a net loss of 14 holders — while 78 trimmed existing stakes and 65 added.
The largest buyer was Wellington Management Group, adding an estimated $22.5M. The largest seller was Cerity Partners, exiting entirely with an estimated $451M sold.
- 209 institutional investors held Credit Acceptance (CACC) as of Q3 2023, down from 225 in Q2 2023.
- Funds reported $3.44B of Credit Acceptance stock for Q3 2023, down 20% quarter-over-quarter.
- 16 funds opened new Credit Acceptance positions in Q3 2023 and 30 closed out, a net change of -14 holders.
- The largest Credit Acceptance buyer in Q3 2023 was Wellington Management Group, an estimated $22.5M added.
- The largest Credit Acceptance seller in Q3 2023 was Cerity Partners, an estimated $451M sold.
Based on aggregated 13F filings for Q3 2023.