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Credit Acceptance
CACC

262 hedge funds and large institutions have $4.4B invested in Credit Acceptance in 2024 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 64 increasing their positions, 87 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

285% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 13

78% more call options, than puts

Call options by funds: $51M | Put options by funds: $28.6M

16% more funds holding

Funds holding: 226 → 262 (+36)

0% more capital invested

Capital invested by funds: $4.4B → $4.4B (+$7.51M)

0.72% less ownership

Funds ownership: 65.63% → 64.91% (-0.72%)

7% less funds holding in top 10

Funds holding in top 10: 15 → 14 (-1)

26% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 87

Holders
262
Holders Change
+36
Holders Change %
+15.93%
% of All Funds
3.77%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.2%
New
50
Increased
64
Reduced
87
Closed
13
Calls
$51M
Puts
$28.6M
Net Calls
+$22.4M
Net Calls Change
-$7.64M

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$13.1M
2
BMO
Beck Mack & Oliver
New York
+$10.8M
3
QC
Quadrature Capital
United Kingdom
+$6.8M
4
CCIA
Campbell & Co Investment Adviser
Maryland
+$6.16M
5
QCMNJ
Quantum Capital Management (New Jersey)
New Jersey
+$6.05M

Top Sellers

1
LP
LMR Partners
United Kingdom
-$53.9M
2
Cerity Partners
Cerity Partners
New York
-$48.6M
3
KC
Kize Capital
New York
-$24.5M
4
BlackRock
BlackRock
New York
-$18M
5
RCG
Ruane, Cunniff & Goldfarb
New York
-$16.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGP
1
Prescott General Partners
Florida
$860M – – –
Cerity Partners
2
Cerity Partners
New York
$440M -$48.6M -88,646 -10%
RCG
3
Ruane, Cunniff & Goldfarb
New York
$396M -$16.1M -29,316 -4%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$340M +$2.28M +4,162 +0.7%
Vanguard Group
5
Vanguard Group
Pennsylvania
$269M -$5.29M -9,645 -2%
GC
6
Gobi Capital
California
$202M +$549K +1,000 +0.3%
BMO
7
Beck Mack & Oliver
New York
$189M +$10.8M +19,727 +6%
BlackRock
8
BlackRock
New York
$145M -$18M -32,723 -11%
CCM
9
Cantillon Capital Management
New York
$136M -$2.73M -4,979 -2%
SCM
10
Smead Capital Management
Arizona
$105M +$4.28M +7,793 +4%
ABI
11
Abrams Bison Investments
Maryland
$96.5M +$6.03M +11,000 +7%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$95.2M -$10.9M -19,923 -10%
RC
13
RV Capital
Switzerland
$75.9M -$4.5M -8,200 -6%
State Street
14
State Street
Massachusetts
$60.6M +$793K +1,446 +1%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$59.6M +$1.77M +3,232 +3%
HSBC Holdings
16
HSBC Holdings
United Kingdom
$50.8M -$5.49M -10,000 -10%
IFLIT
17
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$50.7M -$5.49M -10,000 -10%
AC
18
Alfreton Capital
United Kingdom
$44.1M -$4.39M -8,000 -9%
Morgan Stanley
19
Morgan Stanley
New York
$42.1M -$12.2M -22,193 -23%
Charles Schwab
20
Charles Schwab
California
$41.6M -$238K -433 -0.6%
GIG
21
Goodnow Investment Group
Connecticut
$40.8M -$2.2M -4,010 -5%
KC
22
Kize Capital
New York
$39.9M -$24.5M -44,742 -38%
JFL
23
Jarislowsky, Fraser Ltd
Quebec, Canada
$38.4M -$874K -1,593 -2%
CSNH
24
Crow's Nest Holdings
Virginia
$37.2M -$13.4M -24,500 -27%
MC
25
MIG Capital
California
$36.8M – – –
1
2 3 4 5

CACC Hedge Fund Activity: Q1 2024 in Review

262 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Credit Acceptance (CACC) for Q1 2024, worth a combined $4.4B — up 0.17% from $4.4B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new CACC positions and 13 closed out — a net gain of 37 holders — while 64 added to existing stakes and 87 trimmed.

The largest buyer was UBS Group, adding an estimated $13.1M. The largest seller was LMR Partners, cutting an estimated $53.9M.

  • 262 institutional investors held Credit Acceptance (CACC) as of Q1 2024, up from 226 in Q4 2023.
  • Funds reported $4.4B of Credit Acceptance stock for Q1 2024, up 0.17% quarter-over-quarter.
  • 50 funds opened new Credit Acceptance positions in Q1 2024 and 13 closed out, a net change of +37 holders.
  • The largest Credit Acceptance buyer in Q1 2024 was UBS Group, an estimated $13.1M added.
  • The largest Credit Acceptance seller in Q1 2024 was LMR Partners, an estimated $53.9M sold.

Based on aggregated 13F filings for Q1 2024.