GAN Ltd
GAN was delisted on the 23rd of May, 2025.
130 hedge funds and large institutions have $352M invested in GAN Ltd in 2020 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 46 increasing their positions, 18 reducing their positions, and 15 closing their positions.
280% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 15
156% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 18
117% more capital invested
Capital invested by funds: $162M → $352M (+$189M)
71% more call options, than puts
Call options by funds: $29.9M | Put options by funds: $17.5M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
48% more funds holding
Funds holding: 88 → 130 (+42)
15.61% more ownership
Funds ownership: 33.19% → 48.8% (+16%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$14.1M |
| 2 |
BlackRock
New York
|
+$12.9M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.6M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$10.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$9.99M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.99M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$4.4M |
| 4 |
RR
Robotti Robert
|
-$3.62M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$2.81M |
GAN Hedge Fund Activity: Q4 2020 in Review
130 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q4 2020, worth a combined $352M — up 117% from $162M a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new GAN positions and 15 closed out — a net gain of 42 holders — while 46 added to existing stakes and 18 trimmed.
The largest buyer was Hood River Capital Management, opening a new position worth an estimated $14.1M. The largest seller was Granahan Investment Management, cutting an estimated $9.99M.
- 130 institutional investors held GAN Ltd (GAN) as of Q4 2020, up from 88 in Q3 2020.
- Funds reported $352M of GAN Ltd stock for Q4 2020, up 117% quarter-over-quarter.
- 57 funds opened new GAN Ltd positions in Q4 2020 and 15 closed out, a net change of +42 holders.
- The largest GAN Ltd buyer in Q4 2020 was Hood River Capital Management, an estimated $14.1M added.
- The largest GAN Ltd seller in Q4 2020 was Granahan Investment Management, an estimated $9.99M sold.
Based on aggregated 13F filings for Q4 2020.