GAN Ltd
GAN was delisted on the 23rd of May, 2025.
136 hedge funds and large institutions have $301M invested in GAN Ltd in 2021 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 50 increasing their positions, 35 reducing their positions, and 16 closing their positions.
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
43% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 35
5% more funds holding
Funds holding: 130 → 136 (+6)
5% more call options, than puts
Call options by funds: $16.9M | Put options by funds: $16.2M
0.61% more ownership
Funds ownership: 47.59% → 48.2% (+0.61%)
8% less capital invested
Capital invested by funds: $329M → $301M (-$27.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.63M |
| 2 |
BlackRock
New York
|
+$7.55M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.14M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$4.55M |
| 5 |
Two Sigma Investments
New York
|
+$4.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
-$14.1M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$11.2M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$6.78M |
| 4 |
TGCMU
Titan Global Capital Management USA
New York
|
-$5.2M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.47M |
GAN Hedge Fund Activity: Q3 2021 in Review
136 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q3 2021, worth a combined $301M — down 8.3% from $329M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new GAN positions and 16 closed out — a net gain of 8 holders — while 50 added to existing stakes and 35 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $8.63M. The largest seller was Primecap Management, cutting an estimated $14.1M.
- 136 institutional investors held GAN Ltd (GAN) as of Q3 2021, up from 130 in Q2 2021.
- Funds reported $301M of GAN Ltd stock for Q3 2021, down 8.3% quarter-over-quarter.
- 24 funds opened new GAN Ltd positions in Q3 2021 and 16 closed out, a net change of +8 holders.
- The largest GAN Ltd buyer in Q3 2021 was Wellington Management Group, an estimated $8.63M added.
- The largest GAN Ltd seller in Q3 2021 was Primecap Management, an estimated $14.1M sold.
Based on aggregated 13F filings for Q3 2021.