First Acceptance Corp.
FAC
FAC was delisted on the 6th of April, 2018.
28 hedge funds and large institutions have $22.4M invested in First Acceptance Corp. in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 6 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
12% less capital invested
Capital invested by funds: $25.4M → $22.4M (-$3M)
13% less funds holding
Funds holding: 32 → 28 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$1.22M |
| 2 |
SIM
Spark Investment Management
New York
|
+$73.9K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$16.9K |
| 4 |
Renaissance Technologies
New York
|
+$14.5K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.71K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$31.2K | -10,548 | -99% |
|
27
Morgan Stanley
New York
| – | -$4K | -1,110 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | -$3K | -800 | Closed |
|
29
BNP Paribas Financial Markets
Paris,
France
| – | -$3 | -1 | Closed |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| – | +$373 | +126 | New |
|
FAC Hedge Fund Activity: Q3 2015 in Review
28 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in First Acceptance Corp. (FAC) for Q3 2015, worth a combined $22.4M — down 12% from $25.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAC and 3 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was Second Curve Capital, adding an estimated $1.22M. The largest seller was Shepherd Kaplan Krochuk, cutting an estimated $131K.
- 28 institutional investors held First Acceptance Corp. (FAC) as of Q3 2015, down from 32 in Q2 2015.
- Funds reported $22.4M of First Acceptance Corp. stock for Q3 2015, down 12% quarter-over-quarter.
- 3 funds opened new First Acceptance Corp. positions in Q3 2015 and 6 closed out, a net change of -3 holders.
- The largest First Acceptance Corp. buyer in Q3 2015 was Second Curve Capital, an estimated $1.22M added.
- The largest First Acceptance Corp. seller in Q3 2015 was Shepherd Kaplan Krochuk, an estimated $131K sold.
Based on aggregated 13F filings for Q3 2015.