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SNDL Inc.

SNDL
Exchange
Nasdaq
Industry
Medicinal Chemicals & Botanical Products
SEC CIK
0001766600

No open-market purchases or sales by SNDL Inc. insiders were filed in the last 90 days; 108 institutions reported holding it in 13F filings for Q2 2026, worth $66.4M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in SNDL Inc. as of Jun 30, 2025. 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
128
+7 vs. Q1 2025
Shares held
42.0M
+2.70M (+6.9%) vs. Q1 2025
Total value
$50.8M
−$4.62M (−8.3%) vs. Q1 2025
New holders
28
31 more added
Sold out
21
25 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SNDL 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 holdersQ2 2025: 128 institutions
Q1 2021: 142 institutionsQ2 2021: 170 institutionsQ3 2021: 150 institutionsQ4 2021: 159 institutionsQ1 2022: 160 institutionsQ2 2022: 160 institutionsQ3 2022: 90 institutionsQ4 2022: 99 institutionsQ1 2023: 107 institutionsQ2 2023: 100 institutionsQ3 2023: 100 institutionsQ4 2023: 109 institutionsQ1 2024: 114 institutionsQ2 2024: 123 institutionsQ3 2024: 119 institutionsQ4 2024: 130 institutionsQ1 2025: 122 institutionsQ2 2025: 128 institutionsQ3 2025: 130 institutionsQ4 2025: 122 institutionsQ1 2026: 111 institutionsQ2 2026: 108 institutions
Value heldQ2 2025: $50.8M
Q1 2021: $78.9MQ2 2021: $147.0MQ3 2021: $58.2MQ4 2021: $63.1MQ1 2022: $123.0MQ2 2022: $42.4MQ3 2022: $38.9MQ4 2022: $11.8MQ1 2023: $27.4MQ2 2023: $13.6MQ3 2023: $24.7MQ4 2023: $24.4MQ1 2024: $55.1MQ2 2024: $54.5MQ3 2024: $64.8MQ4 2024: $73.5MQ1 2025: $55.4MQ2 2025: $50.8MQ3 2025: $151.4MQ4 2025: $94.2MQ1 2026: $71.3MQ2 2026: $66.4M
Institutions holding SNDL and their total value by quarter
QuarterHoldersValue
Q2 2026108$66.4M
Q1 2026111$71.3M
Q4 2025122$94.2M
Q3 2025130$151.4M
Q2 2025128$50.8M
Q1 2025122$55.4M
Q4 2024130$73.5M
Q3 2024119$64.8M
Q2 2024123$54.5M
Q1 2024114$55.1M
Q4 2023109$24.4M
Q3 2023100$24.7M
Q2 2023100$13.6M
Q1 2023107$27.4M
Q4 202299$11.8M
Q3 202290$38.9M
Q2 2022160$42.4M
Q1 2022160$123.0M
Q4 2021159$63.1M
Q3 2021150$58.2M
Q2 2021170$147.0M
Q1 2021142$78.9M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding SNDL Inc.; share changes are against Q1 2025.

Institutions holding SNDL in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Cannell Capital LLC8,951,755$10.8M3.38%−42,669−0.5%Reduced
Toroso Investments, LLC7,272,668$8.80M0.06%+178,622+2.5%Added
BNP Paribas Arbitrage, SA4,853,517$5.87M0.00%+338,278+7.5%Added
Morgan Stanley3,766,224$4.56M0.00%+578,125+18.1%Added
Millennium Management LLC2,413,558$2.92M0.00%+1,897,735+367.9%Added
Royal Bank of Canada2,403,100$2.91M0.00%+2,371,006+7,387.7%Added
Mirae Asset Global ETFs Holdings Ltd.1,920,586$2.32M0.00%−50,925−2.6%Reduced
Susquehanna International Group, LLP1,435,623$1.74M0.00%+44,935+3.2%Added
AdvisorShares Investments LLC1,084,332$1.31M0.24%−81,660−7.0%Reduced
Arrowstreet Capital, Limited Partnership564,996$683.6K0.00%−1,155,988−67.2%Reduced
RBF Capital, LLC425,000$514.3K0.03%00.0%Unchanged
State of Wyoming421,689$510.2K0.06%−228,821−35.2%Reduced
Invesco Ltd.392,789$475.3K0.00%−224,507−36.4%Reduced
State Street Corp379,432$459.1K0.00%+4,757+1.3%Added
Cambria Investment Management, L.P.370,370$448.1K0.03%+46,956+14.5%Added
Qube Research & Technologies Ltd354,965$429.5K0.00%+155,854+78.3%Added
Bank of America Corp348,438$421.6K0.00%−10,243−2.9%Reduced
Group One Trading, L.P.328,262$397.2K0.01%−29,323−8.2%Reduced
Dimensional Fund Advisors LP328,065$397.0K0.00%−11,689−3.4%Reduced
Cable Car Capital LLC306,195$370.5K0.16%00.0%Unchanged
SkyView Investment Advisors, LLC288,301$355.0K0.05%+12,467+4.5%Added
Simplex Trading, LLC279,500$338.0K0.01%−46,475−14.3%Reduced
Gsa Capital Partners LLP221,112$268.0K0.02%+221,112New
Resources Investment Advisors, LLC.211,284$255.7K0.00%+596+0.3%Added
Jane Street Group, LLC207,893$251.6K0.00%+112,670+118.3%Added
Baader Bank INC173,650$209.9K0.02%−594−0.3%Reduced
Geode Capital Management, LLC164,900$199.5K0.00%+673+0.4%Added
Magnus Financial Group LLC148,246$179.4K0.02%+28,000+23.3%Added
R Squared Ltd140,681$170.2K0.09%+105,161+296.1%Added
Goldman Sachs Group Inc128,497$155.5K0.00%−295,820−69.7%Reduced
Cubist Systematic Strategies, LLC123,232$149.1K0.00%+31,206+33.9%Added
Squarepoint Ops LLC112,389$136.0K0.00%+17,722+18.7%Added
Leonteq Securities AG102,066$123.5K0.01%+2,891+2.9%Added
Graham Capital Management, L.P.96,453$116.7K0.00%−82,061−46.0%Reduced
Federation des caisses Desjardins du Quebec93,336$113.0K0.00%+53,541+134.5%Added
Two Sigma Securities, LLC93,280$112.9K0.01%+50,869+119.9%Added
BlackRock, Inc.70,376$85.2K0.00%+5,573+8.6%Added
XTX Topco Ltd70,214$85.0K0.00%+70,214New
Newman Dignan & Sheerar, Inc.64,420$77.9K0.02%00.0%Unchanged
Susquehanna Advisors Group, Inc.59,018$71.4K0.00%00.0%Unchanged
Two Sigma Advisers, LP58,200$70.4K0.00%+22,700+63.9%Added
Dark Forest Capital Management LP45,416$55.0K0.00%+45,416New
Aquatic Capital Management LLC43,676$52.8K0.00%+43,676New
Commonwealth Equity Services, LLC42,659$52.0K0.00%−78−0.2%Reduced
Virtu Financial LLC42,322$51.0K0.00%−40,594−49.0%Reduced
Man Group plc37,800$45.7K0.00%00.0%Unchanged
SBI Securities Co., Ltd.36,646$44.3K0.00%+70+0.2%Added
Oxford Asset Management LLP36,083$43.7K0.01%+36,083New
CI Private Wealth, LLC30,114$36.4K0.00%−9,200−23.4%Reduced
LPL Financial LLC28,783$34.8K0.00%−37,878−56.8%Reduced
Scotia Capital Inc.27,335$33.1K0.00%−1,972−6.7%Reduced
Hilton Capital Management, LLC24,634$29.8K0.00%+24,634New
Equitable Holdings, Inc.22,840$27.6K0.00%−30.0%Reduced
UBS Group AG22,171$26.8K0.00%−13,294−37.5%Reduced
Connor, Clark & Lunn Investment Management Ltd.21,247$25.7K0.00%00.0%Unchanged
Jeppson Wealth Management, LLC20,000$24.2K0.01%00.0%Unchanged
Wolverine Trading, LLC17,829$21.9K0.00%−3,176−15.1%Reduced
Northwestern Mutual Wealth Management Co17,017$20.6K0.00%+16,951+25,683.3%Added
EntryPoint Capital, LLC16,851$20.4K0.01%−649−3.7%Reduced
Caliber Wealth Management, LLC16,204$19.6K0.00%00.0%Unchanged
Revisor Wealth Management LLC11,909$16.9K0.01%+11,909New
StoneX Group Inc.13,620$16.5K0.00%+13,620New
PFG Investments, LLC13,000$15.7K0.00%00.0%Unchanged
Bank of Montreal11,989$14.5K0.00%+413+3.6%Added
CoreCap Advisors, LLC11,136$13.5K0.00%00.0%Unchanged
Winton Group Ltd11,036$13.4K0.00%+11,036New
HighTower Advisors, LLC10,924$13.2K0.00%+550+5.3%Added
National Bank of Canada17,969$13.2K0.00%−19,262−51.7%Reduced
1832 Asset Management L.P.10,497$12.7K0.00%00.0%Unchanged
Hoey Investments, Inc10,040$12.1K0.00%+6,000+148.5%Added
Naples Global Advisors, LLC10,000$12.1K0.00%00.0%Unchanged
PFS Partners, LLC6,000$7.26K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.5,510$6.66K0.00%+2,060+59.7%Added
Caitong International Asset Management Co., Ltd4,936$5.97K0.00%+2,989+153.5%Added
Farther Finance Advisors, LLC4,800$5.81K0.00%00.0%Unchanged
TD Waterhouse Canada Inc.4,762$5.75K0.00%+3,510+280.4%Added
HighMark Wealth Management LLC3,000$3.63K0.00%+3,000New
Louisbourg Investments Inc.2,900$3.51K0.00%00.0%Unchanged
LRI Investments, LLC1,900$2.30K0.00%+1,900New
Raymond James Financial Inc1,775$2.15K0.00%+1,775New
IFP Advisors, Inc1,050$1.27K0.00%+1,050New
Allworth Financial LP1,001$1.21K0.00%+1,001New
Tower Research Capital LLC (TRC)957$1.16K0.00%−1,217−56.0%Reduced
Global Retirement Partners, LLC912$1.10K0.00%+912New
SRS Capital Advisors, Inc.859$1.04K0.00%00.0%Unchanged
FNY Investment Advisers, LLC1,000$1.00K0.00%+300+42.9%Added
Sound Income Strategies, LLC710$8590.00%00.0%Unchanged
Mount Yale Investment Advisors, LLC600$7260.00%+600New
Security National Bank575$6960.00%00.0%Unchanged
Ravenstone Capital Management Inc.383$4640.00%00.0%Unchanged
CIBC Private Wealth Group, LLC290$3510.00%00.0%Unchanged
Kessler Investment Group, LLC268$3240.00%00.0%Unchanged
Prestige Wealth Management Group LLC249$3020.00%00.0%Unchanged
Ameritas Advisory Services, LLC247$2990.00%+247New
Clean Yield Group222$2690.00%00.0%Unchanged
Hilltop National Bank200$2420.00%+200New
Harbour Investments, Inc.160$1940.00%00.0%Unchanged
Aventura Private Wealth, LLC130$1570.00%00.0%Unchanged
Darwin Advisors, LLC100$1210.00%00.0%Unchanged
Asset Dedication, LLC100$1210.00%00.0%Unchanged