GAN Ltd
GAN was delisted on the 23rd of May, 2025.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$15.1M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$12.6M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$8.16M |
| 4 |
CPA
Cowen Prime Advisors
New York
|
+$6.76M |
| 5 |
Primecap Management
Pasadena,
California
|
+$6.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$5.4M |
| 2 |
RR
Robotti Robert
|
-$5.2M |
| 3 |
GPCM
Granite Point Capital Management
Boston,
Massachusetts
|
-$5.06M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.81M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
-$4.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSW
101
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$331K | -13,000 | Closed |
|
102
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
| – | -$238K | -9,335 | Closed |
|
|
LWM
103
Laidlaw Wealth Management
New York City,
New York
| – | -$229K | -9,000 | Closed |
|
|
BSG
104
Black Swift Group
Boulder,
Colorado
| – | -$127K | -5,000 | Closed |
|
|
PFO
105
Pathstone Family Office
Englewood,
New Jersey
| – | -$21K | -830 | Closed |
|
|
FHA
106
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$17K | -697 | Closed |
|
|
APA
107
American Portfolios Advisors
Holbrook,
New York
| – | -$7.63K | -300 | Closed |
|
|
CSS
108
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$8K | -300 | Closed |
|
|
PI
109
PEAK6 Investments
Chicago,
Illinois
| – | +$21 | +1 | New |
|
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.