The broad-based accumulation by both passive and active managers suggests a consensus view on CACC's value or near-term catalyst. However, the 45-day 13F lag means these positions were established by June 30 — the stock may have already re-rated. Watch for Q3 2026 earnings (next 10-Q) to see if fundamentals confirm the thesis. If the stock has lagged peers since quarter-end, the cluster could indicate a buying opportunity; if it has rallied, the signal may be stale.
Executive Summary
A significant institutional cluster in CACC (Credit Acceptance Corp) for Q2 2026 shows strong net buying conviction. 15 institutions added $217.0M in net new holdings, led by major passive and active managers (Goldman Sachs, Fidelity, American Century, BNY Mellon, Principal Financial), while only 7 sellers trimmed a negligible $874K. The buying is dominated by large-scale asset managers and mega-passive funds, suggesting a broad-based re-rating or sector/catalyst-driven thesis rather than activist pressure.
Key Financial Metrics
Institutional Positions
Net institutional flow: $217.0M
▲ Buyers (15)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Goldman Sachs | DOUBLED | +171.4% | $107.6M | $81.2M |
| Fidelity | ADD | +55.8% | $103.4M | $59.3M |
| American Century Companies | ADD | +30% | $75.9M | $37.1M |
| Bank Of New York Mellon | ADD | +70.9% | $19.3M | $11.8M |
| Principal Financial Group | NEW | +0% | $18.0M | $18.0M |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| First Trust Advisors | TRIM | -34% | $14.5M | -$118.3K |
| Lido Advisors | TRIM | -70.8% | $1.0M | -$586.0K |
| Bank Of Montreal /Can | TRIM | -70.4% | $699.0K | -$388.0K |
Key Facts
- 15 institutional buyers added $217.0M in net new CACC holdings in Q2 2026
- 7 sellers trimmed only $874K, a negligible counter-flow
- Goldman Sachs more than doubled its position (+$81.2M), Fidelity added +$59.3M, American Century added +$37.1M
- Principal Financial Group initiated a new $18.0M position
- The cluster is dominated by mega-passive (JPMorgan, Fidelity, Goldman) and large asset managers, not activist or event-driven funds
- No insider open-market buying was detected in the same period (confluence score 24/100, divergent)
Financial Impact
Net institutional buying of $217.0M, with total buyer holdings of $340.9M, against seller reductions of only $874K
Risk Factors
- 13F data is 45+ days stale; positions may have been partially or fully unwound
- Heavy passive buying (Goldman, Fidelity, JPMorgan) may reflect index rebalancing rather than fundamental conviction
- No insider buying to corroborate the institutional thesis
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CACC-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $545.04 | awaiting T+60 | — | — |
Oct 6, 2026 20d ago | 144 | $536.58 | awaiting T+60 | — | — |
Oct 1, 2026 26d ago | Court Ruling | $527.50 | awaiting T+60 | — | — |
Sep 22, 2026 4w ago | Press Release | $555.13 | awaiting T+60 | — | — |
Sep 18, 2026 5w ago | 8-K | $564.27 | awaiting T+60 | — | — |
Sep 17, 2026 5w ago | Press Release | $590.41 | awaiting T+60 | — | — |
Sep 15, 2026 5w ago | Press Release | $601.54 | awaiting T+60 | — | — |
Sep 15, 2026 6w ago | Court Ruling | $601.54 | awaiting T+60 | — | — |
Sep 4, 2026 7w ago | 8-K | $593.78 | awaiting T+60 | — | — |
Aug 15, 2026 10w ago | Institutional Cluster | $573.09 | awaiting T+60 | — | — |
US Market Status
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