Here is What Tao Value Reports About Credit Acceptance Corporation (CACC)

In a recently released Tao Value’s Q1 2019 Investor Letter, the fund disclosed its quarterly return of 14.03% beating the MSCI All Country World Index (ACWI) that delivered 12.45% in the first three months of 2019. If you are interested you can download a copy of its letter here. In the letter, Tao Value also discussed several position in its portfolio, including the biggest ones, among which was Credit Acceptance Corporation (NASDAQ:CACC).

As of the end of Q1 2019, our top 3 positions are...