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GAN

GAN Ltd
GAN

Delisted

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

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130 hedge funds and large institutions have $351M invested in GAN Ltd in 2020 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 46 increasing their positions, 18 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

280% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 15

156% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 18

117% more capital invested

Capital invested by funds: $162M → $351M (+$189M)

71% more call options, than puts

Call options by funds: $29.9M | Put options by funds: $17.5M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

48% more funds holding

Funds holding: 88 → 130 (+42)

15.61% more ownership

Funds ownership: 33.19% → 48.8% (+16%)

Holders
130
Holders Change
+42
Holders Change %
+47.73%
% of All Funds
2.3%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
57
Increased
46
Reduced
18
Closed
15
Calls
$29.9M
Puts
$17.5M
Net Calls
+$12.4M
Net Calls Change
+$68K

Top Buyers

1
HRCM
Hood River Capital Management
Florida
+$14.1M
2
BlackRock
BlackRock
New York
+$12.9M
3
DCM
Driehaus Capital Management
Illinois
+$10.6M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$10.1M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.91M

Top Sellers

1
GIM
Granahan Investment Management
Massachusetts
-$9.99M
2
Wells Fargo
Wells Fargo
California
-$7.99M
3
SAM
Silvercrest Asset Management
New York
-$4.4M
4
RR
Robotti Robert
-$3.62M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
NC
26
Nokomis Capital
Texas
$4.06M +$3.35M +200,000 New
OP
27
Omni Partners
United Kingdom
$3.77M +$3.12M +186,083 New
Geode Capital Management
28
Geode Capital Management
Massachusetts
$3.67M +$1.97M +117,269 +184%
MWNA
29
Marshall Wace North America
New York
$2.87M +$2.37M +141,334 New
PCM
30
Penn Capital Management
Pennsylvania
$2.53M +$2.09M +124,597 New
Balyasny Asset Management
31
Balyasny Asset Management
Illinois
$2.22M -$1.27M -75,643 -41%
GI
32
GAMCO Investors
Connecticut
$2.15M +$1.78M +106,050 New
Alyeska Investment Group
33
Alyeska Investment Group
Illinois
$2.03M +$1.68M +100,000 New
JP Morgan Chase
34
JP Morgan Chase
New York
$1.88M +$1.5M +89,566 +2,688%
Point72 Asset Management
35
Point72 Asset Management
Connecticut
$1.82M -$2.81M -167,408 -65%
Morgan Stanley
36
Morgan Stanley
New York
$1.69M +$1.14M +67,951 +448%
ISL
37
Ingalls & Snyder LLC
New York
$1.58M +$108K +6,461 +9%
Citadel Advisors
38
Citadel Advisors
Florida
$1.58M -$1.18M -70,257 -47%
Wells Fargo
39
Wells Fargo
California
$1.46M -$7.99M -476,745 -87%
GIPM
40
G2 Investment Partners Management
New York
$1.32M +$1.09M +65,000 New
APP
41
Alpha Paradigm Partners
Illinois
$1.29M +$1.06M +63,403 New
Verition Fund Management
42
Verition Fund Management
Connecticut
$1.26M +$168K +10,000 +19%
BBCM
43
Boardman Bay Capital Management
New York
$1.22M +$1.01M +60,000 New
JG
44
Jefferies Group
New York
$1.17M +$365K +21,804 +60%
Nomura Holdings
45
Nomura Holdings
Japan
$1.17M +$964K +57,500 New
Squarepoint
46
Squarepoint
New York
$1.12M +$922K +55,026 New
Group One Trading
47
Group One Trading
Illinois
$1.09M +$899K +53,667 New
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$1.07M +$610K +36,405 +222%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$1.06M +$500K +29,841 +132%
GF
50
Gabelli Funds
New York
$1.03M +$855K +51,000 New
1
2
3 4 5

GAN Hedge Fund Activity: Q4 2020 in Review

130 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q4 2020, worth a combined $351M — up 117% from $162M a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new GAN positions and 15 closed out — a net gain of 42 holders — while 46 added to existing stakes and 18 trimmed.

The largest buyer was Hood River Capital Management, opening a new position worth an estimated $14.1M. The largest seller was Granahan Investment Management, cutting an estimated $9.99M.

  • 130 institutional investors held GAN Ltd (GAN) as of Q4 2020, up from 88 in Q3 2020.
  • Funds reported $351M of GAN Ltd stock for Q4 2020, up 117% quarter-over-quarter.
  • 57 funds opened new GAN Ltd positions in Q4 2020 and 15 closed out, a net change of +42 holders.
  • The largest GAN Ltd buyer in Q4 2020 was Hood River Capital Management, an estimated $14.1M added.
  • The largest GAN Ltd seller in Q4 2020 was Granahan Investment Management, an estimated $9.99M sold.

Based on aggregated 13F filings for Q4 2020.