GAN Ltd
GAN was delisted on the 23rd of May, 2025.
53 hedge funds and large institutions have $12.2M invested in GAN Ltd in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 14 closing their positions.
104% more capital invested
Capital invested by funds: $5.98M → $12.2M (+$6.24M)
34% more call options, than puts
Call options by funds: $243K | Put options by funds: $181K
5.59% more ownership
Funds ownership: 11.51% → 17.09% (+5.6%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
5% less funds holding
Funds holding: 56 → 53 (-3)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Gabelli Funds
Rye,
New York
|
+$1.3M |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$1.29M |
| 3 |
DTL
Dynamic Technology Lab
Singapore
|
+$843K |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$406K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$292K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RGI
River Global Investors
London,
United Kingdom
|
-$955K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$372K |
| 3 |
Millennium Management
New York
|
-$167K |
| 4 |
AWP
Accretive Wealth Partners
Parsippany,
New Jersey
|
-$79.5K |
| 5 |
ISL
Ingalls & Snyder LLC
New York
|
-$77K |
GAN Hedge Fund Activity: Q4 2023 in Review
53 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q4 2023, worth a combined $12.2M — up 104% from $5.98M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GAN and 12 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 13 added.
The largest buyer was Gabelli Funds, adding an estimated $1.3M. The largest seller was River Global Investors, exiting entirely with an estimated $955K sold.
- 53 institutional investors held GAN Ltd (GAN) as of Q4 2023, down from 56 in Q3 2023.
- Funds reported $12.2M of GAN Ltd stock for Q4 2023, up 104% quarter-over-quarter.
- 12 funds opened new GAN Ltd positions in Q4 2023 and 14 closed out, a net change of -2 holders.
- The largest GAN Ltd buyer in Q4 2023 was Gabelli Funds, an estimated $1.3M added.
- The largest GAN Ltd seller in Q4 2023 was River Global Investors, an estimated $955K sold.
Based on aggregated 13F filings for Q4 2023.