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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, Q1 2023

Institutional positions in GAN Ltd as of Mar 31, 2023. 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
63
−6 vs. Q4 2022
Shares held
8.55M
−2.31M (−21.3%) vs. Q4 2022
Total value
$11.0M
−$5.24M (−32.2%) vs. Q4 2022
New holders
5
16 more added
Sold out
11
25 more reduced

3 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2022: 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 holdersQ1 2023: 63 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 heldQ1 2023: $11.0M
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, Q1 2023

Shares, value and share of portfolio for each institution holding GAN Ltd; share changes are against Q4 2022.

Institutions holding GAN in Q1 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Antara Capital LP1,418,143$1.83M0.49%−1,319,310−48.2%Reduced
River & Mercantile Asset Management LLP948,697$1.23M0.25%+221,980+30.5%Added
BlackRock Inc.659,894$851.3K0.00%−63,165−8.7%Reduced
Primecap Management Co626,980$808.8K0.00%−892,305−58.7%Reduced
Vanguard Group Inc565,055$728.9K0.00%00.0%Unchanged
Millennium Management LLC534,516$690.0K0.00%+117,680+28.2%Added
Gsa Capital Partners LLP409,039$528.0K0.05%+181,995+80.2%Added
Geode Capital Management, LLC407,600$525.8K0.00%+11,149+2.8%Added
Exchange Traded Concepts, LLC374,098$482.6K0.01%−425,723−53.2%Reduced
Renaissance Technologies LLC369,574$477.0K0.00%−35,836−8.8%Reduced
Two Sigma Advisers, LP334,600$431.6K0.00%−103,000−23.5%Reduced
Two Sigma Investments, LP307,940$397.2K0.00%−70,593−18.6%Reduced
Bridgeway Capital Management, LLC215,800$278.4K0.01%+169,300+364.1%Added
HRT Financial LP133,637$172.0K0.00%+133,637New
State Street Corp132,458$170.9K0.00%00.0%Unchanged
Skandinaviska Enskilda Banken AB (publ)100,000$130.0K0.00%−27,199−21.4%Reduced
Marshall Wace, LLP95,457$123.1K0.00%+25,657+36.8%Added
Gamco Investors, Inc. Et Al81,700$105.4K0.00%−25,600−23.9%Reduced
Northern Trust Corp73,307$94.6K0.00%+5,263+7.7%Added
Susquehanna International Group, LLP71,757$92.6K0.00%+10,077+16.3%Added
Price T Rowe Associates Inc68,600$89.0K0.00%00.0%Unchanged
State of Wisconsin Investment Board65,500$84.5K0.00%−33,700−34.0%Reduced
Morgan Stanley58,001$74.8K0.00%+7,307+14.4%Added
Goldman Sachs Group Inc46,788$60.4K0.00%+46,788New
The PNC Financial Services Group, Inc.42,320$54.6K0.00%−5,698−11.9%Reduced
Tudor Investment Corp Et Al40,536$52.0K0.00%00.0%Unchanged
Occudo Quantitative Strategies LP32,764$42.3K0.00%+6,829+26.3%Added
Charles Schwab Investment Management Inc31,476$40.6K0.00%00.0%Unchanged
LPL Financial LLC28,132$36.3K0.00%−1,200−4.1%Reduced
Teton Advisors, Inc.28,000$36.1K0.01%00.0%Unchanged
Gabelli Funds LLC25,500$32.9K0.00%00.0%Unchanged
Group One Trading, L.P.19,841$25.6K0.00%−81−0.4%Reduced
Deltec Asset Management LLC18,017$23.2K0.01%00.0%Unchanged
Jane Street Group, LLC16,788$21.7K0.00%−47,352−73.8%Reduced
Bank of New York Mellon Corp16,160$20.8K0.00%00.0%Unchanged
Independent Advisor Alliance16,025$20.7K0.00%−1,000−5.9%Reduced
Toronto Dominion Bank15,000$19.0K0.00%+8,000+114.3%Added
Eagle Bay Advisors LLC14,000$18.1K0.01%00.0%Unchanged
Commonwealth Equity Services, LLC14,399$18.0K0.00%+1,600+12.5%Added
Advisor Group Holdings, Inc.13,716$17.7K0.00%−975−6.6%Reduced
Squarepoint Ops LLC13,381$17.3K0.00%+13,381New
Ingalls & Snyder LLC10,850$14.0K0.00%−20,000−64.8%Reduced
FMR LLC7,795$10.1K0.00%−4,158−34.8%Reduced
Mascoma Wealth Management LLC5,558$9.23K0.00%00.0%Unchanged
Federated Hermes, Inc.5,697$7.35K0.00%−3,023−34.7%Reduced
JPMorgan Chase & Co5,136$7.00K0.00%+5,000+3,676.5%Added
UBS Group AG4,462$5.76K0.00%−7,056−61.3%Reduced
Royal Bank of Canada3,502$5.00K0.00%+3,502New
Simplex Trading, LLC3,770$4.00K0.00%+729+24.0%Added
Citadel Advisors LLC2,858$3.69K0.00%+845+42.0%Added
Quantbot Technologies LP2,348$3.03K0.00%−600−20.4%Reduced
Cutler Group LP3,010$3.00K0.00%−3,001−49.9%Reduced
Wells Fargo & Company2,081$2.69K0.00%+7+0.3%Added
Federation des caisses Desjardins du Quebec1,785$2.30K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,605$2.00K0.00%−12,226−88.4%Reduced
Bank of America Corp1,246$1.61K0.00%−12,754−91.1%Reduced
Advisory Services Network, LLC630$8130.00%00.0%Unchanged
Baillie Gifford & Co572$7380.00%00.0%Unchanged
Rise Advisors, LLC55$710.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC50$650.00%00.0%Unchanged
Cary Street Partner Investment Advisory LLC50$650.00%+50New
Northwestern Mutual Wealth Management Co8$100.00%−92−92.0%Reduced
IFP Advisors, Inc51––00.0%Unchanged
HBK Sorce Advisory LLC0$00.00%−70,000−100.0%Sold out
Man Group plc0$00.00%−27,600−100.0%Sold out
Two Sigma Securities, LLC0$00.00%−21,092−100.0%Sold out
Octavia Wealth Advisors, LLC0$00.00%−13,272−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−12,900−100.0%Sold out
Snowden Capital Advisors LLC0$00.00%−10,137−100.0%Sold out
U.S. Capital Wealth Advisors, LLC0$00.00%−5,000−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−3,400−100.0%Sold out
Newbridge Financial Services Group, Inc.0$00.00%−400−100.0%Sold out
Money Concepts Capital Corp0$00.00%−255−100.0%Sold out
Sofos Investments, Inc.0$00.00%−2−100.0%Sold out
Alpha Paradigm Partners, LLC––––Not filed
Tyler-Stone Wealth Management––––Not filed
CoreCap Advisors, LLC––––Not filed