GAN Ltd
GAN was delisted on the 23rd of May, 2025.
53 hedge funds and large institutions have $23.2M invested in GAN Ltd in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
5% more capital invested
Capital invested by funds: $22M → $23.2M (+$1.17M)
2.06% more ownership
Funds ownership: 26.52% → 28.58% (+2.1%)
2% more funds holding
Funds holding: 52 → 53 (+1)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLF
Groupe la Francaise
Paris,
France
|
+$2.34M |
| 2 |
DIS
Diversified Investment Strategies
Baton Rouge,
Louisiana
|
+$785K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$562K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$243K |
| 5 |
FIA
FNY Investment Advisers
New York
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCM
Black Maple Capital Management
Milwaukee,
Wisconsin
|
-$196K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$159K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$77.6K |
| 4 |
RC
Rangeley Capital
New Canaan,
Connecticut
|
-$72.3K |
| 5 |
DTL
Dynamic Technology Lab
Singapore
|
-$59.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $35 | – | – | – |
|
|
CA
52
CoreCap Advisors
Southfield,
Michigan
| $28 | – | – | – |
|
|
BCM
53
Bridgeway Capital Management
Houston,
Texas
| – | -$159K | -87,289 | Closed |
|
|
54
Citadel Advisors
Miami,
Florida
| – | -$77.6K | -42,611 | Closed |
|
|
HF
55
HRT Financial
New York
| – | -$35K | -19,280 | Closed |
|
|
ACP
56
Aveo Capital Partners
Englewood,
Colorado
| – | -$28.6K | -15,723 | Closed |
|
|
EWS
57
Evergreen Wealth Solutions
Williamsport,
Pennsylvania
| – | -$28.3K | -15,533 | Closed |
|
|
IA
58
IFP Advisors
Tampa,
Florida
| – | -$91 | -50 | Closed |
|
59
Bessemer Group
Woodbridge,
New Jersey
| – | +$2 | +1 | New |
|
GAN Hedge Fund Activity: Q1 2025 in Review
53 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q1 2025, worth a combined $23.2M — up 5.3% from $22M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GAN positions and 6 closed out — a net gain of 3 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Groupe la Francaise, opening a new position worth an estimated $2.34M. The largest seller was Black Maple Capital Management, cutting an estimated $196K.
- 53 institutional investors held GAN Ltd (GAN) as of Q1 2025, up from 52 in Q4 2024.
- Funds reported $23.2M of GAN Ltd stock for Q1 2025, up 5.3% quarter-over-quarter.
- 9 funds opened new GAN Ltd positions in Q1 2025 and 6 closed out, a net change of +3 holders.
- The largest GAN Ltd buyer in Q1 2025 was Groupe la Francaise, an estimated $2.34M added.
- The largest GAN Ltd seller in Q1 2025 was Black Maple Capital Management, an estimated $196K sold.
Based on aggregated 13F filings for Q1 2025.