GAN Ltd
GAN was delisted on the 23rd of May, 2025.
125 hedge funds and large institutions have $193M invested in GAN Ltd in 2021 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 40 reducing their positions, and 32 closing their positions.
51% more call options, than puts
Call options by funds: $9.07M | Put options by funds: $6.02M
1.48% more ownership
Funds ownership: 48.2% → 49.68% (+1.5%)
3% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 40
8% less funds holding
Funds holding: 136 → 125 (-11)
22% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 32
36% less capital invested
Capital invested by funds: $301M → $193M (-$108M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$10.6M |
| 2 |
Two Sigma Advisers
New York
|
+$7.1M |
| 3 |
CLG
Cooperman Leon G
|
+$5.59M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.23M |
| 5 |
Two Sigma Investments
New York
|
+$4.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$20M |
| 2 |
SC
Samjo Capital
New York
|
-$4.39M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.94M |
| 4 |
KC
Kepos Capital
New York
|
-$2.6M |
| 5 |
1C
1060 Capital
Denver,
Colorado
|
-$2.07M |
GAN Hedge Fund Activity: Q4 2021 in Review
125 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q4 2021, worth a combined $193M — down 36% from $301M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of GAN and 25 opened new positions — a net loss of 7 holders — while 40 trimmed existing stakes and 39 added.
The largest buyer was Millennium Management, adding an estimated $10.6M. The largest seller was Ameriprise, exiting entirely with an estimated $20M sold.
- 125 institutional investors held GAN Ltd (GAN) as of Q4 2021, down from 136 in Q3 2021.
- Funds reported $193M of GAN Ltd stock for Q4 2021, down 36% quarter-over-quarter.
- 25 funds opened new GAN Ltd positions in Q4 2021 and 32 closed out, a net change of -7 holders.
- The largest GAN Ltd buyer in Q4 2021 was Millennium Management, an estimated $10.6M added.
- The largest GAN Ltd seller in Q4 2021 was Ameriprise, an estimated $20M sold.
Based on aggregated 13F filings for Q4 2021.