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GAN

GAN Ltd
GAN

Delisted

GAN was delisted on the 23rd of May, 2025.

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88 hedge funds and large institutions have $162M invested in GAN Ltd in 2020 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

102% more call options, than puts

Call options by funds: $24.4M | Put options by funds: $12.1M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

30% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 23

5.56% more ownership

Funds ownership: 27.62% → 33.19% (+5.6%)

5% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 22

0% more funds holding

Funds holding: 88 → 88 (0)

20% less capital invested

Capital invested by funds: $203M → $162M (-$41.2M)

Holders
88
Holders Change
–
Holders Change %
0%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
23
Increased
30
Reduced
23
Closed
22
Calls
$24.4M
Puts
$12.1M
Net Calls
+$12.3M
Net Calls Change
+$538K

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$15.1M
2
GIM
Granahan Investment Management
Massachusetts
+$12.6M
3
WA
Wasatch Advisors
Utah
+$8.16M
4
CPA
Cowen Prime Advisors
New York
+$6.76M
5
Primecap Management
Primecap Management
California
+$6.02M

Top Sellers

Rank Fund Capital Flow
1
Calamos Advisors
Calamos Advisors
Illinois
-$5.4M
2
RR
Robotti Robert
-$5.2M
3
GPCM
Granite Point Capital Management
Massachusetts
-$5.06M
4
DCM
Driehaus Capital Management
Illinois
-$4.81M
5
CM
Castleark Management
Illinois
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
ISL
26
Ingalls & Snyder LLC
New York
$1.21M -$128K -6,051 -8%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$1.07M +$76.8K +3,623 +6%
Hudson Bay Capital Management
28
Hudson Bay Capital Management
Connecticut
$930K -$1.17M -55,000 -50%
Verition Fund Management
29
Verition Fund Management
Connecticut
$879K +$501K +23,646 +83%
SCM
30
Stamina Capital Management
New York
$845K – – –
Acadian Asset Management
31
Acadian Asset Management
Massachusetts
$833K -$598K -28,207 -36%
DC
32
Davenport & Co
Virginia
$823K +$300K +14,170 +41%
New York State Common Retirement Fund
33
New York State Common Retirement Fund
New York
$761K +$809K +38,200 +562%
EIM
34
Essex Investment Management
Massachusetts
$667K – – –
JG
35
Jefferies Group
New York
$610K +$765K +36,096 New
JF
36
Jump Financial
Illinois
$595K +$746K +35,200 New
Parallax Volatility Advisers
37
Parallax Volatility Advisers
California
$515K +$646K +30,469 New
Bank of New York Mellon
38
Bank of New York Mellon
New York
$381K +$120K +5,668 +34%
CAN
39
Cetera Advisor Networks
California
$361K +$425K +20,050 +1,542%
NA
40
NewEdge Advisors
Louisiana
$352K +$17K +800 +4%
Wolverine Trading
41
Wolverine Trading
Illinois
$328K +$433K +20,437 New
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$277K +$347K +16,387 New
MFIM
43
Mesirow Financial Investment Management
Illinois
$268K +$335K +15,830 New
HSBC Holdings
44
HSBC Holdings
United Kingdom
$261K -$37.7K -1,778 -10%
QP
45
Quilter Plc
United Kingdom
$260K +$326K +15,401 New
Morgan Stanley
46
Morgan Stanley
New York
$256K -$316K -14,921 -50%
Charles Schwab
47
Charles Schwab
California
$253K -$21.8K -1,028 -6%
RJA
48
Raymond James & Associates
Florida
$246K +$309K +14,575 New
PCM
49
Poehling Capital Management
Wisconsin
$220K +$275K +13,000 New
PFPT
50
Pinnacle Financial Partners (Tennessee)
Tennessee
$216K – – –
1
2
3 4 5

GAN Hedge Fund Activity: Q3 2020 in Review

88 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q3 2020, worth a combined $162M — down 20% from $203M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new GAN positions and 22 closed out — a net gain of 1 holder — while 30 added to existing stakes and 23 trimmed.

The largest buyer was Ameriprise, adding an estimated $15.1M. The largest seller was Calamos Advisors, cutting an estimated $5.4M.

  • 88 institutional investors held GAN Ltd (GAN) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $162M of GAN Ltd stock for Q3 2020, down 20% quarter-over-quarter.
  • 23 funds opened new GAN Ltd positions in Q3 2020 and 22 closed out, a net change of +1 holder.
  • The largest GAN Ltd buyer in Q3 2020 was Ameriprise, an estimated $15.1M added.
  • The largest GAN Ltd seller in Q3 2020 was Calamos Advisors, an estimated $5.4M sold.

Based on aggregated 13F filings for Q3 2020.