GAN Ltd
GAN was delisted on the 23rd of May, 2025.
63 hedge funds and large institutions have $11M invested in GAN Ltd in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 25 reducing their positions, and 10 closing their positions.
16% more call options, than puts
Call options by funds: $221K | Put options by funds: $190K
5.57% less ownership
Funds ownership: 25.64% → 20.07% (-5.6%)
11% less funds holding
Funds holding: 71 → 63 (-8)
32% less capital invested
Capital invested by funds: $16.3M → $11M (-$5.3M)
36% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 25
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RGI
River Global Investors
London,
United Kingdom
|
+$404K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$331K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$308K |
| 4 |
HF
HRT Financial
New York
|
+$243K |
| 5 |
Millennium Management
New York
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Antara Capital
New York
|
-$2.4M |
| 2 |
Primecap Management
Pasadena,
California
|
-$1.62M |
| 3 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$775K |
| 4 |
Two Sigma Advisers
New York
|
-$187K |
| 5 |
Two Sigma Investments
New York
|
-$128K |
GAN Hedge Fund Activity: Q1 2023 in Review
63 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in GAN Ltd (GAN) for Q1 2023, worth a combined $11M — down 32% from $16.3M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GAN and 5 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 16 added.
The largest buyer was River Global Investors, adding an estimated $404K. The largest seller was Antara Capital, cutting an estimated $2.4M.
- 63 institutional investors held GAN Ltd (GAN) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $11M of GAN Ltd stock for Q1 2023, down 32% quarter-over-quarter.
- 5 funds opened new GAN Ltd positions in Q1 2023 and 10 closed out, a net change of -5 holders.
- The largest GAN Ltd buyer in Q1 2023 was River Global Investors, an estimated $404K added.
- The largest GAN Ltd seller in Q1 2023 was Antara Capital, an estimated $2.4M sold.
Based on aggregated 13F filings for Q1 2023.