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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, Q4 2025

Institutional positions in SNDL Inc. as of Dec 31, 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
122
−5 vs. Q3 2025
Shares held
56.7M
+423.4K (+0.8%) vs. Q3 2025
Total value
$94.2M
−$56.7M (−37.6%) vs. Q3 2025
New holders
19
36 more added
Sold out
24
28 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 122 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 heldQ4 2025: $94.2M
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, Q4 2025

Shares, value and share of portfolio for each institution holding SNDL Inc.; share changes are against Q3 2025.

Institutions holding SNDL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Coston, McIsaac & Partners5$00.00%00.0%Unchanged
Ancora Advisors, LLC2$30.00%00.0%Unchanged
Hollencrest Capital Management5$80.00%00.0%Unchanged
Sound Income Strategies, LLC10$160.00%00.0%Unchanged
Bullseye Investment Management, LLC10$170.00%+10New
Olistico Wealth, LLC12$200.00%+12New
Abound Wealth Management15$250.00%00.0%Unchanged
Game Plan Financial Advisors, LLC20$330.00%00.0%Unchanged
Quaker Wealth Management, LLC20$340.00%00.0%Unchanged
Addison Advisors LLC20$340.00%00.0%Unchanged
Assetmark, Inc24$400.00%−111−82.2%Reduced
Private Trust Co NA26$430.00%00.0%Unchanged
Friedenthal Financial30$500.00%00.0%Unchanged
Tucker Asset Management LLC30$500.00%+30New
SageView Advisory Group, LLC34$570.00%+34New
SHP Wealth Management47$780.00%+47New
Smallwood Wealth Investment Management, LLC50$830.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co60$1000.00%−17,611−99.7%Reduced
Plante Moran Financial Advisors, LLC60$1000.00%00.0%Unchanged
Robinswood Financial LLC65$1070.00%+65New
Cape Investment Advisory, Inc.92$1530.00%00.0%Unchanged
Flagship Harbor Advisors, LLC95$1580.00%+95New
Asset Dedication, LLC100$1660.00%00.0%Unchanged
Darwin Advisors, LLC100$1660.00%00.0%Unchanged
Aventura Private Wealth, LLC130$2160.00%00.0%Unchanged
Prestige Wealth Management Group LLC183$3040.00%00.0%Unchanged
Harbour Investments, Inc.200$3320.00%−260−56.5%Reduced
Clean Yield Group222$3690.00%00.0%Unchanged
CIBC Private Wealth Group, LLC290$4810.00%00.0%Unchanged
Ravenstone Capital Management Inc.383$6300.00%00.0%Unchanged
Farther Finance Advisors, LLC600$9960.00%00.0%Unchanged
FNY Investment Advisers, LLC1,000$1.00K0.00%00.0%Unchanged
Global Retirement Partners, LLC802$1.33K0.00%00.0%Unchanged
National Bank of Canada880$1.40K0.00%+670+319.0%Added
SRS Capital Advisors, Inc.989$1.64K0.00%+130+15.1%Added
Allworth Financial LP1,000$1.66K0.00%00.0%Unchanged
IFP Advisors, Inc1,180$1.96K0.00%+130+12.4%Added
CWM, LLC1,260$2.00K0.00%+1,066+549.5%Added
DV Trading LLC1,400$2.32K0.00%+1,400New
LRI Investments, LLC1,900$3.15K0.00%00.0%Unchanged
Quantbot Technologies LP2,544$4.22K0.00%+2,544New
Louisbourg Investments Inc.2,900$4.81K0.00%00.0%Unchanged
HighMark Wealth Management LLC3,000$4.98K0.00%00.0%Unchanged
GWM Advisors LLC3,263$5.42K0.00%+746+29.6%Added
Caitong International Asset Management Co., Ltd5,218$8.66K0.00%+5,218New
TD Waterhouse Canada Inc.6,459$10.7K0.00%+1,785+38.2%Added
Security National Bank6,445$10.7K0.00%+5,870+1,020.9%Added
Advisor Group Holdings, Inc.7,821$13.0K0.00%+1,120+16.7%Added
PFS Partners, LLC9,000$14.9K0.01%+3,000+50.0%Added
Naples Global Advisors, LLC10,000$16.6K0.00%00.0%Unchanged
Hoey Investments, Inc10,040$16.7K0.00%00.0%Unchanged
Revisor Wealth Management LLC10,630$17.3K0.00%−1,279−10.7%Reduced
CoreCap Advisors, LLC11,136$18.5K0.00%00.0%Unchanged
StoneX Group Inc.13,376$22.2K0.00%+13,376New
Raymond James Financial Inc14,526$24.1K0.00%+14,526New
EntryPoint Capital, LLC18,271$30.3K0.01%00.0%Unchanged
Jeppson Wealth Management, LLC20,000$33.2K0.01%00.0%Unchanged
PFG Investments, LLC20,000$33.2K0.00%+7,000+53.8%Added
FSM Wealth Advisors, LLC20,000$33.2K0.00%+20,000New
Hilton Capital Management, LLC24,634$40.9K0.00%00.0%Unchanged
Royal Bank of Canada24,645$41.0K0.00%−2,199,865−98.9%Reduced
LPL Financial LLC25,280$42.0K0.00%−12,418−32.9%Reduced
Citigroup Inc25,563$42.4K0.00%−3,925−13.3%Reduced
Scotia Capital Inc.27,394$45.3K0.00%−4,019−12.8%Reduced
CI Private Wealth, LLC30,114$50.0K0.00%−11,000−26.8%Reduced
SBI Securities Co., Ltd.33,044$54.9K0.00%−2,169−6.2%Reduced
CAPROCK Group, Inc.35,000$58.1K0.00%+10,000+40.0%Added
Commonwealth Equity Services, LLC35,346$58.7K0.00%−1,075−3.0%Reduced
SG Americas Securities, LLC41,768$69.0K0.00%+41,768New
Vontobel Holding Ltd.42,223$70.1K0.00%00.0%Unchanged
Two Sigma Advisers, LP53,400$88.6K0.00%+700+1.3%Added
Susquehanna Advisors Group, Inc.59,018$98.0K0.00%00.0%Unchanged
R Squared Ltd74,322$123.4K0.06%−30,683−29.2%Reduced
Two Sigma Securities, LLC76,196$126.5K0.02%−785−1.0%Reduced
Squarepoint Ops LLC82,323$136.7K0.00%+24,713+42.9%Added
XTX Topco Ltd83,988$139.4K0.00%+62,758+295.6%Added
Brevan Howard Capital Management LP88,071$146.2K0.00%+88,071New
Oxford Asset Management LLP88,749$147.3K0.05%+88,749New
Leonteq Securities AG89,072$147.9K0.01%−9,606−9.7%Reduced
Federation des caisses Desjardins du Quebec102,550$169.7K0.00%−5,470−5.1%Reduced
Graham Capital Management, L.P.133,694$221.9K0.01%+133,694New
Headlands Technologies LLC133,796$222.1K0.02%+25,148+23.1%Added
Algert Global LLC136,530$226.6K0.00%+54,370+66.2%Added
UBS Group AG144,241$239.4K0.00%+87,799+155.6%Added
Magnus Financial Group LLC148,246$246.1K0.02%00.0%Unchanged
IMC-Chicago, LLC149,217$247.7K0.00%+149,217New
BlackRock, Inc.150,821$250.4K0.00%+84,028+125.8%Added
Engineers Gate Manager LP152,499$253.1K0.00%−26,613−14.9%Reduced
Gsa Capital Partners LLP160,320$266.0K0.02%−22,255−12.2%Reduced
Geode Capital Management, LLC164,900$273.7K0.00%00.0%Unchanged
Point72 Asset Management, L.P.188,449$312.8K0.00%+112,356+147.7%Added
Resources Investment Advisors, LLC.207,528$344.5K0.00%−1,551−0.7%Reduced
RBF Capital, LLC250,000$415.0K0.02%−150,000−37.5%Reduced
Baader Bank INC250,269$415.2K0.03%−2,273−0.9%Reduced
SkyView Investment Advisors, LLC297,828$494.0K0.06%+2,047+0.7%Added
Cable Car Capital LLC306,195$508.3K0.03%00.0%Unchanged
Dimensional Fund Advisors LP328,065$544.6K0.00%00.0%Unchanged
Simplex Trading, LLC332,781$552.4K0.02%−60,775−15.4%Reduced
Mackenzie Financial Corp336,271$553.8K0.00%+84,387+33.5%Added
Bank of America Corp339,043$562.8K0.00%−30,326−8.2%Reduced