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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, Q3 2025

Institutional positions in SNDL Inc. as of Sep 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
130
+5 vs. Q2 2025
Shares held
56.5M
+14.6M (+34.7%) vs. Q2 2025
Total value
$151.4M
+$100.6M (+198.3%) vs. Q2 2025
New holders
27
29 more added
Sold out
22
31 more reduced

3 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 130 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 heldQ3 2025: $151.4M
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, Q3 2025

Shares, value and share of portfolio for each institution holding SNDL Inc.; share changes are against Q2 2025.

Institutions holding SNDL in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Coston, McIsaac & Partners5$00.00%00.0%Unchanged
Ancora Advisors, LLC2$50.00%00.0%Unchanged
Hollencrest Capital Management5$130.00%00.0%Unchanged
Sound Income Strategies, LLC10$280.00%−700−98.6%Reduced
Abound Wealth Management15$410.00%00.0%Unchanged
Financial Perspectives, Inc16$430.00%00.0%Unchanged
Quaker Wealth Management, LLC20$540.00%00.0%Unchanged
Addison Advisors LLC20$540.00%00.0%Unchanged
Versant Capital Management, Inc20$540.00%00.0%Unchanged
Game Plan Financial Advisors, LLC20$540.00%00.0%Unchanged
Private Trust Co NA26$700.00%00.0%Unchanged
Friedenthal Financial30$810.00%00.0%Unchanged
Smallwood Wealth Investment Management, LLC50$1340.00%00.0%Unchanged
Wealthspire Advisors, LLC50$1340.00%+50New
Plante Moran Financial Advisors, LLC60$1610.00%00.0%Unchanged
Cape Investment Advisory, Inc.92$2470.00%00.0%Unchanged
National Bank of Canada210$2630.00%−17,759−98.8%Reduced
Asset Dedication, LLC100$2680.00%00.0%Unchanged
Darwin Advisors, LLC100$2680.00%00.0%Unchanged
Pineridge Advisors LLC100$2680.00%00.0%Unchanged
Aventura Private Wealth, LLC130$3480.00%00.0%Unchanged
Assetmark, Inc135$3620.00%+135New
Prestige Wealth Management Group LLC183$4910.00%−66−26.5%Reduced
Hilltop National Bank200$5360.00%00.0%Unchanged
Advisory Services Network, LLC200$5360.00%+200New
N.E.W. Advisory Services LLC200$5360.00%+200New
Clean Yield Group222$5950.00%00.0%Unchanged
CIBC Private Wealth Group, LLC290$7770.00%00.0%Unchanged
CWM, LLC194$1.00K0.00%+34+21.3%Added
Ravenstone Capital Management Inc.383$1.01K0.00%00.0%Unchanged
Larson Financial Group LLC400$1.07K0.00%+400New
Harbour Investments, Inc.460$1.23K0.00%+300+187.5%Added
Security National Bank575$1.54K0.00%00.0%Unchanged
Farther Finance Advisors, LLC600$1.61K0.00%−4,200−87.5%Reduced
FNY Investment Advisers, LLC1,000$2.00K0.00%00.0%Unchanged
Global Retirement Partners, LLC802$2.15K0.00%−110−12.1%Reduced
SRS Capital Advisors, Inc.859$2.30K0.00%00.0%Unchanged
Allworth Financial LP1,000$2.68K0.00%−1−0.1%Reduced
IFP Advisors, Inc1,050$2.81K0.00%00.0%Unchanged
LRI Investments, LLC1,900$5.09K0.00%00.0%Unchanged
Horrell Capital Management, Inc.2,000$5.36K0.00%+2,000New
GWM Advisors LLC2,517$6.75K0.00%+2,490+9,222.2%Added
BNP Paribas Arbitrage, SA2,684$7.19K0.00%−4,850,833−99.9%Reduced
Louisbourg Investments Inc.2,900$7.77K0.00%00.0%Unchanged
HighMark Wealth Management LLC3,000$8.04K0.00%00.0%Unchanged
TD Waterhouse Canada Inc.4,674$11.9K0.00%−88−1.8%Reduced
MAI Capital Management5,374$14.4K0.00%+5,374New
PFS Partners, LLC6,000$16.1K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.6,701$18.0K0.00%+1,191+21.6%Added
Naples Global Advisors, LLC10,000$26.8K0.00%00.0%Unchanged
Traynor Capital Management, Inc.10,013$26.8K0.00%+10,013New
Hoey Investments, Inc10,040$26.9K0.00%00.0%Unchanged
HighTower Advisors, LLC10,863$29.1K0.00%−61−0.6%Reduced
CoreCap Advisors, LLC11,136$29.8K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)12,441$33.3K0.00%+11,484+1,200.0%Added
Revisor Wealth Management LLC11,909$33.5K0.01%00.0%Unchanged
PFG Investments, LLC13,000$34.8K0.00%00.0%Unchanged
Mariner, LLC13,323$35.7K0.00%+13,323New
Equitable Holdings, Inc.14,140$37.9K0.00%−8,700−38.1%Reduced
Wolverine Trading, LLC15,996$43.8K0.00%−1,833−10.3%Reduced
Northwestern Mutual Wealth Management Co17,671$47.4K0.00%+654+3.8%Added
Bank of Montreal17,814$47.7K0.00%+5,825+48.6%Added
EntryPoint Capital, LLC18,271$49.0K0.02%+1,420+8.4%Added
Jeppson Wealth Management, LLC20,000$53.6K0.02%00.0%Unchanged
XTX Topco Ltd21,230$56.9K0.00%−48,984−69.8%Reduced
Bayesian Capital Management, LP22,600$60.6K0.01%+22,600New
Hilton Capital Management, LLC24,634$66.0K0.01%00.0%Unchanged
CAPROCK Group, Inc.25,000$67.0K0.00%+25,000New
Citigroup Inc29,488$79.0K0.00%+29,488New
Scotia Capital Inc.31,413$79.4K0.00%+4,078+14.9%Added
SBI Securities Co., Ltd.35,213$94.4K0.00%−1,433−3.9%Reduced
Commonwealth Equity Services, LLC36,421$98.0K0.00%−6,238−14.6%Reduced
LPL Financial LLC37,698$101.0K0.00%+8,915+31.0%Added
CI Private Wealth, LLC41,114$110.2K0.00%+11,000+36.5%Added
Vontobel Holding Ltd.42,223$113.2K0.00%+42,223New
Omers Administration Corp51,100$136.9K0.00%+51,100New
Two Sigma Advisers, LP52,700$141.2K0.00%−5,500−9.5%Reduced
Connor, Clark & Lunn Investment Management Ltd.55,762$149.4K0.00%+34,515+162.4%Added
UBS Group AG56,442$151.3K0.00%+34,271+154.6%Added
Squarepoint Ops LLC57,610$154.4K0.00%−54,779−48.7%Reduced
Susquehanna Advisors Group, Inc.59,018$158.2K0.00%00.0%Unchanged
Susquehanna Portfolio Strategies, LLC59,894$160.5K0.00%+59,894New
Virtu Financial LLC64,307$172.0K0.01%+21,985+51.9%Added
BlackRock, Inc.66,793$179.0K0.00%−3,583−5.1%Reduced
Point72 Asset Management, L.P.76,093$203.9K0.00%+76,093New
Two Sigma Securities, LLC76,981$206.3K0.03%−16,299−17.5%Reduced
Susquehanna International Group, LLP77,522$207.8K0.00%−1,358,101−94.6%Reduced
Kingsview Wealth Management, LLC79,238$212.4K0.00%+79,238New
Algert Global LLC82,160$220.2K0.00%+82,160New
Leonteq Securities AG98,678$264.5K0.01%−3,388−3.3%Reduced
Federation des caisses Desjardins du Quebec108,020$272.7K0.00%+14,684+15.7%Added
R Squared Ltd105,005$281.4K0.12%−35,676−25.4%Reduced
Headlands Technologies LLC108,648$291.2K0.02%+108,648New
Centiva Capital, LP120,576$323.1K0.03%+120,576New
Magnus Financial Group LLC148,246$397.3K0.03%00.0%Unchanged
Connective Capital Management, LLC149,849$401.6K0.37%+149,849New
Geode Capital Management, LLC164,900$441.9K0.00%00.0%Unchanged
Engineers Gate Manager LP179,112$480.0K0.01%+179,112New
Gsa Capital Partners LLP182,575$489.0K0.04%−38,537−17.4%Reduced
Invesco Ltd.194,304$520.7K0.00%−198,485−50.5%Reduced