We are live on ! Find out more
GAN

GAN Ltd
GAN

Delisted

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

Back to rankings

56 hedge funds and large institutions have $5.98M invested in GAN Ltd in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more call options, than puts

Call options by funds: $199K | Put options by funds: $179K

2.01% less ownership

Funds ownership: 13.52% → 11.51% (-2%)

7% less funds holding

Funds holding: 60 → 56 (-4)

40% less capital invested

Capital invested by funds: $9.92M → $5.98M (-$3.93M)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

42% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 19

Holders
56
Holders Change
-4
Holders Change %
-6.67%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
19
Closed
10
Calls
$199K
Puts
$179K
Net Calls
+$20K
Net Calls Change
+$36K

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$122K
2
ISL
Ingalls & Snyder LLC
New York
+$87K
3
Citadel Advisors
Citadel Advisors
Florida
+$66.8K
4
IWC
Integrated Wealth Concepts
Massachusetts
+$62.3K
5
XT
XTX Topco
Cayman Islands
+$56.7K

Top Sellers

1
ETC
Exchange Traded Concepts
Oklahoma
-$694K
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$245K
3
RGI
River Global Investors
United Kingdom
-$185K
4
Two Sigma Investments
Two Sigma Investments
New York
-$150K
5
Primecap Management
Primecap Management
California
-$117K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWA
51
Sutton Wealth Advisors
Florida
$81 – – –
RA
52
Rise Advisors
New York
$64 – – –
CSPIA
53
Cary Street Partners Investment Advisory
Virginia
$58 – – –
SPIA
54
Steward Partners Investment Advisory
New York
$58 – – –
Qube Research & Technologies (QRT)
55
Qube Research & Technologies (QRT)
United Kingdom
$2 +$3 +2 New
ETC
56
Exchange Traded Concepts
Oklahoma
– -$694K -423,472 Closed
Primecap Management
57
Primecap Management
California
– -$117K -71,600 Closed
Cerity Partners
58
Cerity Partners
New York
– -$77.9K -47,500 Closed
CCM
59
Corsair Capital Management
New York
– -$49.2K -30,000 Closed
State of Wisconsin Investment Board
60
State of Wisconsin Investment Board
Wisconsin
– -$47.6K -29,000 Closed
Simplex Trading
61
Simplex Trading
Illinois
– -$43.5K -27,637 -99%
D.E. Shaw & Co
62
D.E. Shaw & Co
New York
– -$36.3K -22,116 Closed
Wolverine Trading
63
Wolverine Trading
Illinois
– -$29.5K -20,037 Closed
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
– -$8K -4,843 Closed
Federated Hermes
65
Federated Hermes
Pennsylvania
– -$1.32K -808 Closed
IA
66
IFP Advisors
Florida
– -$156 -95 Closed
1 2
3

GAN Hedge Fund Activity: Q3 2023 in Review

56 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q3 2023, worth a combined $5.98M — down 40% from $9.92M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of GAN and 6 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 11 added.

The largest buyer was Renaissance Technologies, adding an estimated $122K. The largest seller was Exchange Traded Concepts, exiting entirely with an estimated $694K sold.

  • 56 institutional investors held GAN Ltd (GAN) as of Q3 2023, down from 60 in Q2 2023.
  • Funds reported $5.98M of GAN Ltd stock for Q3 2023, down 40% quarter-over-quarter.
  • 6 funds opened new GAN Ltd positions in Q3 2023 and 10 closed out, a net change of -4 holders.
  • The largest GAN Ltd buyer in Q3 2023 was Renaissance Technologies, an estimated $122K added.
  • The largest GAN Ltd seller in Q3 2023 was Exchange Traded Concepts, an estimated $694K sold.

Based on aggregated 13F filings for Q3 2023.