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GAN Ltd

GANDelisted May 27, 2025
Industry
Services-Computer Programming, Data Processing, Etc.
SEC CIK
0001799332

GAN Ltd was delisted on May 27, 2025; its insiders filed their last Form 4 on May 27, 2025; 53 institutions reported holding it in 13F filings for Q1 2025, worth $23.2M in total; no superinvestor held it.

13F holders, Q4 2021

Institutional positions in GAN Ltd as of Dec 31, 2021. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
126
−7 vs. Q3 2021
Shares held
21.0M
+881.6K (+4.4%) vs. Q3 2021
Total value
$192.9M
−$105.7M (−35.4%) vs. Q3 2021
New holders
25
40 more added
Sold out
32
40 more reduced

3 institutions that held it in Q3 2021 haven't filed for Q4 2021 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2021: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting GAN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2021: 126 institutions
Q1 2021: 137 institutionsQ2 2021: 133 institutionsQ3 2021: 136 institutionsQ4 2021: 126 institutionsQ1 2022: 116 institutionsQ2 2022: 93 institutionsQ3 2022: 81 institutionsQ4 2022: 72 institutionsQ1 2023: 63 institutionsQ2 2023: 60 institutionsQ3 2023: 56 institutionsQ4 2023: 53 institutionsQ1 2024: 49 institutionsQ2 2024: 47 institutionsQ3 2024: 45 institutionsQ4 2024: 52 institutionsQ1 2025: 53 institutionsQ2 2025: 1 institutionQ3 2025: 0 institutionsQ4 2025: 0 institutionsQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ4 2021: $192.9M
Q1 2021: $326.8MQ2 2021: $330.4MQ3 2021: $301.2MQ4 2021: $192.9MQ1 2022: $91.2MQ2 2022: $40.8MQ3 2022: $27.2MQ4 2022: $16.4MQ1 2023: $11.0MQ2 2023: $9.92MQ3 2023: $5.98MQ4 2023: $12.1MQ1 2024: $9.51MQ2 2024: $10.5MQ3 2024: $15.6MQ4 2024: $22.0MQ1 2025: $23.2MQ2 2025: $1.29KQ3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
Institutions holding GAN and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20250$0
Q3 20250$0
Q2 20251$1.29K
Q1 202553$23.2M
Q4 202452$22.0M
Q3 202445$15.6M
Q2 202447$10.5M
Q1 202449$9.51M
Q4 202353$12.1M
Q3 202356$5.98M
Q2 202360$9.92M
Q1 202363$11.0M
Q4 202272$16.4M
Q3 202281$27.2M
Q2 202293$40.8M
Q1 2022116$91.2M
Q4 2021126$192.9M
Q3 2021136$301.2M
Q2 2021133$330.4M
Q1 2021137$326.8M

Institutions, Q4 2021

Shares, value and share of portfolio for each institution holding GAN Ltd; share changes are against Q3 2021.

Institutions holding GAN in Q4 2021
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock Inc.2,807,568$25.8M0.00%+78,986+2.9%Added
Wellington Management Group LLP2,054,807$18.9M0.00%+44,216+2.2%Added
Primecap Management Co1,890,785$17.4M0.01%00.0%Unchanged
Zimmer Partners, LP1,875,000$17.2M0.26%−15,419−0.8%Reduced
State Street Corp1,160,821$10.7M0.00%+427,615+58.3%Added
Millennium Management LLC1,130,211$10.4M0.01%+864,413+325.2%Added
Exchange Traded Concepts, LLC893,991$8.22M0.16%+248,751+38.6%Added
Vanguard Group Inc768,923$7.07M0.00%+80,242+11.7%Added
Geode Capital Management, LLC718,670$6.60M0.00%−22,402−3.0%Reduced
Two Sigma Investments, LP695,178$6.39M0.02%+363,109+109.3%Added
AWM Investment Company, Inc.691,682$6.36M0.64%+219,812+46.6%Added
Two Sigma Advisers, LP601,900$5.53M0.01%+580,800+2,752.6%Added
Cooperman Leon G457,388$4.20M0.21%+457,388New
Gamco Investors, Inc. Et Al375,200$3.45M0.03%−23,950−6.0%Reduced
Northern Trust Corp373,559$3.43M0.00%+1,510+0.4%Added
River & Mercantile Asset Management LLP338,220$3.11M0.24%+69,970+26.1%Added
Charles Schwab Investment Management Inc284,023$2.61M0.00%+5,978+2.2%Added
Citadel Advisors LLC236,630$2.17M0.00%−4,612−1.9%Reduced
Cowen Prime Advisors LLC214,100$1.97M0.67%+138,000+181.3%Added
Omni Event Management Ltd207,724$1.91M0.11%+207,724New
Susquehanna International Group, LLP203,110$1.87M0.00%−93,998−31.6%Reduced
Robotti Robert191,748$1.76M0.36%−47,000−19.7%Reduced
Morgan Stanley152,090$1.40M0.00%−142,840−48.4%Reduced
Walleye Capital LLC145,192$1.33M0.04%+145,192New
Bank of New York Mellon Corp139,928$1.29M0.00%−2,054−1.4%Reduced
Bullseye Asset Management LLC136,557$1.25M0.50%−22,950−14.4%Reduced
Teton Advisors, Inc.101,000$928.0K0.13%00.0%Unchanged
Nomura Holdings Inc90,598$840.0K0.00%+44,098+94.8%Added
Gabelli Funds LLC88,200$811.0K0.01%−33,000−27.2%Reduced
Teachers Retirement System of the State of Kentucky83,281$765.0K0.01%00.0%Unchanged
Renaissance Technologies LLC75,107$690.0K0.00%+35,707+90.6%Added
Swiss National Bank74,300$683.0K0.00%00.0%Unchanged
Penn Capital Management Co Inc43,490$647.0K0.06%00.0%Unchanged
Goldman Sachs Group Inc69,752$641.0K0.00%+29,375+72.8%Added
Bank of America Corp63,230$581.0K0.00%+26,608+72.7%Added
Deltec Asset Management LLC63,000$579.0K0.09%−61,500−49.4%Reduced
Group One Trading, L.P.58,200$535.0K0.01%−6,003−9.4%Reduced
Legal & General Group Plc56,983$524.0K0.00%+32,013+128.2%Added
Putnam Investments LLC52,488$482.0K0.00%+52,488New
Cubist Systematic Strategies, LLC50,674$466.0K0.00%−17,407−25.6%Reduced
California State Teachers Retirement System50,353$463.0K0.00%+1,184+2.4%Added
Rhumbline Advisers46,837$430.0K0.00%−729−1.5%Reduced
Jump Financial, LLC46,300$425.0K0.03%+46,300New
Royce & Associates LP44,700$411.0K0.00%00.0%Unchanged
Jane Street Group, LLC42,562$392.0K0.00%−18,287−30.1%Reduced
Stifel Financial Corp37,300$343.0K0.00%−22,350−37.5%Reduced
Wolverine Trading, LLC32,375$304.0K0.00%−19,317−37.4%Reduced
Advisor Group Holdings, Inc.32,290$295.0K0.00%−23,852−42.5%Reduced
Price T Rowe Associates Inc30,355$279.0K0.00%+30,355New
LPL Financial LLC29,905$275.0K0.00%−20,020−40.1%Reduced
New York State Common Retirement Fund28,361$261.0K0.00%+127+0.4%Added
JPMorgan Chase & Co27,886$256.0K0.00%−28,263−50.3%Reduced
The PNC Financial Services Group, Inc.27,590$253.0K0.00%+8,840+47.1%Added
Virtu Financial LLC26,721$246.0K0.03%+844+3.3%Added
Wells Fargo & Company26,456$243.0K0.00%+16,731+172.0%Added
Walleye Trading LLC26,292$242.0K0.00%+26,292New
Deutsche Bank AG25,352$233.0K0.00%+1,282+5.3%Added
Jackson Hole Capital Partners, LLC25,089$231.0K0.07%−22,291−47.0%Reduced
Skandinaviska Enskilda Banken AB (publ)24,242$228.0K0.00%00.0%Unchanged
Credit Suisse AG24,789$227.0K0.00%+3,891+18.6%Added
Dark Forest Capital Management LP24,231$223.0K0.08%+24,231New
UBS Group AG24,243$222.0K0.00%+21,588+813.1%Added
Jefferies Group LLC23,500$216.0K0.00%−16,053−40.6%Reduced
Independent Advisor Alliance23,312$214.0K0.01%−9,235−28.4%Reduced
Paloma Partners Management Co22,735$209.0K0.01%+22,735New
Simplex Trading, LLC22,456$206.0K0.01%+13,950+164.0%Added
Manufacturers Life Insurance Company, The21,645$199.0K0.00%+327+1.5%Added
American International Group, Inc.21,321$196.0K0.00%−638−2.9%Reduced
Trexquant Investment LP20,091$185.0K0.01%+9,318+86.5%Added
Baird Financial Group, Inc.19,901$183.0K0.00%−48,898−71.1%Reduced
Commonwealth Equity Services, LLC18,727$172.0K0.00%+2,899+18.3%Added
Alliancebernstein L.P.17,200$158.0K0.00%00.0%Unchanged
Royal Bank of Canada17,092$157.0K0.00%+4,827+39.4%Added
Qube Research & Technologies Ltd16,954$156.0K0.00%+16,954New
Wiley Bros.-Aintree Capital, LLC16,865$155.0K0.09%−8,050−32.3%Reduced
Quantbot Technologies LP16,800$154.0K0.01%+16,800New
Precision Wealth Strategies, LLC15,942$147.0K0.11%+2,617+19.6%Added
Squarepoint Ops LLC15,590$143.0K0.00%−38,584−71.2%Reduced
Ingalls & Snyder LLC15,550$143.0K0.01%−3,800−19.6%Reduced
Laurion Capital Management LP15,498$142.0K0.00%00.0%Unchanged
Voya Investment Management LLC14,980$138.0K0.00%−408−2.7%Reduced
Invesco Ltd.14,301$131.0K0.00%−1,119−7.3%Reduced
Alpine Global Management, LLC13,797$127.0K0.02%+13,797New
Private Advisor Group, LLC11,857$109.0K0.00%−1,620−12.0%Reduced
UBS Asset Management Americas Inc11,600$106.6K0.00%−15,205−56.7%Reduced
Parallax Volatility Advisers, L.P.11,317$104.0K0.00%−31,519−73.6%Reduced
MAI Capital Management11,300$104.0K0.00%00.0%Unchanged
Citigroup Inc10,925$100.0K0.00%+4,770+77.5%Added
Cambridge Investment Research Advisors, Inc.10,741$99.0K0.00%+10,741New
SG Americas Securities, LLC10,372$95.0K0.00%−13,943−57.3%Reduced
Metropolitan Life Insurance Co10,111$92.9K0.00%+706+7.5%Added
STRS Ohio9,300$85.0K0.00%00.0%Unchanged
Eagle Bay Advisors LLC7,796$72.0K0.05%+4,336+125.3%Added
Toronto Dominion Bank7,000$64.0K0.00%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)6,068$56.0K0.00%+2,921+92.8%Added
MetLife Investment Management5,389$49.5K0.00%−9,181−63.0%Reduced
Cutler Group LP4,383$40.0K0.00%−427−8.9%Reduced
Pinnacle Holdings, LLC3,828$35.2K0.01%−20−0.5%Reduced
Healthcare of Ontario Pension Plan Trust Fund3,400$31.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.3,146$29.0K0.00%00.0%Unchanged