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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 108 | $66.4M |
| Q1 2026 | 111 | $71.3M |
| Q4 2025 | 122 | $94.2M |
| Q3 2025 | 130 | $151.4M |
| Q2 2025 | 128 | $50.8M |
| Q1 2025 | 122 | $55.4M |
| Q4 2024 | 130 | $73.5M |
| Q3 2024 | 119 | $64.8M |
| Q2 2024 | 123 | $54.5M |
| Q1 2024 | 114 | $55.1M |
| Q4 2023 | 109 | $24.4M |
| Q3 2023 | 100 | $24.7M |
| Q2 2023 | 100 | $13.6M |
| Q1 2023 | 107 | $27.4M |
| Q4 2022 | 99 | $11.8M |
| Q3 2022 | 90 | $38.9M |
| Q2 2022 | 160 | $42.4M |
| Q1 2022 | 160 | $123.0M |
| Q4 2021 | 159 | $63.1M |
| Q3 2021 | 150 | $58.2M |
| Q2 2021 | 170 | $147.0M |
| Q1 2021 | 142 | $78.9M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding SNDL Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Virtu Financial LLC | 361,260 | $600.0K | 0.02% | +296,953+461.8% | Added |
| Cambria Investment Management, L.P. | 400,682 | $665.1K | 0.04% | −124,924−23.8% | Reduced |
| State Street Corp | 432,441 | $717.9K | 0.00% | +11,152+2.6% | Added |
| State of Wyoming | 434,150 | $720.7K | 0.08% | +87,970+25.4% | Added |
| Winton Group Ltd | 467,009 | $775.2K | 0.03% | +112,501+31.7% | Added |
| Man Group plc | 530,328 | $880.3K | 0.00% | +66,740+14.4% | Added |
| Qube Research & Technologies Ltd | 671,553 | $1.11M | 0.00% | +340,878+103.1% | Added |
| HRT Financial LP | 811,395 | $1.35M | 0.00% | +811,395 | New |
| Lazard Asset Management LLC | 918,107 | $1.52M | 0.00% | +123,508+15.5% | Added |
| Ewing Morris & Co. Investment Partners Ltd. | 1,051,222 | $1.75M | 0.77% | +100,000+10.5% | Added |
| Millennium Management LLC | 1,156,161 | $1.92M | 0.00% | +630,870+120.1% | Added |
| Susquehanna International Group, LLP | 1,240,368 | $2.06M | 0.00% | +1,162,846+1,500.0% | Added |
| JPMorgan Chase & Co | 1,284,775 | $2.13M | 0.00% | −595,407−31.7% | Reduced |
| Goldman Sachs Group Inc | 1,365,158 | $2.27M | 0.00% | +395,585+40.8% | Added |
| Jane Street Group, LLC | 1,806,100 | $3.00M | 0.00% | +271,782+17.7% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 1,912,386 | $3.17M | 0.00% | +266,386+16.2% | Added |
| Citadel Advisors LLC | 2,156,636 | $3.58M | 0.00% | −24,218−1.1% | Reduced |
| AdvisorShares Investments LLC | 3,637,388 | $6.04M | 1.01% | +344,896+10.5% | Added |
| Arrowstreet Capital, Limited Partnership | 4,087,827 | $6.77M | 0.00% | −534,959−11.6% | Reduced |
| Toroso Investments, LLC | 5,173,898 | $8.59M | 0.04% | −912,419−15.0% | Reduced |
| Cannell Capital LLC | 8,761,155 | $14.5M | 9.28% | −190,600−2.1% | Reduced |
| Morgan Stanley | 12,417,045 | $20.6M | 0.00% | +70,907+0.6% | Added |
| Invesco Ltd. | 0 | $0 | 0.00% | −194,304−100.0% | Sold out |
| Connective Capital Management, LLC | 0 | $0 | 0.00% | −149,849−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −120,576−100.0% | Sold out |
| Kingsview Wealth Management, LLC | 0 | $0 | 0.00% | −79,238−100.0% | Sold out |
| Susquehanna Portfolio Strategies, LLC | 0 | $0 | 0.00% | −59,894−100.0% | Sold out |
| Connor, Clark & Lunn Investment Management Ltd. | 0 | $0 | 0.00% | −55,762−100.0% | Sold out |
| Omers Administration Corp | 0 | $0 | 0.00% | −51,100−100.0% | Sold out |
| Bayesian Capital Management, LP | 0 | $0 | 0.00% | −22,600−100.0% | Sold out |
| Bank of Montreal | 0 | $0 | 0.00% | −17,814−100.0% | Sold out |
| Equitable Holdings, Inc. | 0 | $0 | 0.00% | −14,140−100.0% | Sold out |
| Mariner, LLC | 0 | $0 | 0.00% | −13,323−100.0% | Sold out |
| Tower Research Capital LLC (TRC) | 0 | $0 | 0.00% | −12,441−100.0% | Sold out |
| HighTower Advisors, LLC | 0 | $0 | 0.00% | −10,863−100.0% | Sold out |
| Traynor Capital Management, Inc. | 0 | $0 | 0.00% | −10,013−100.0% | Sold out |
| MAI Capital Management | 0 | $0 | 0.00% | −5,374−100.0% | Sold out |
| BNP Paribas Arbitrage, SA | 0 | $0 | 0.00% | −2,684−100.0% | Sold out |
| Horrell Capital Management, Inc. | 0 | $0 | 0.00% | −2,000−100.0% | Sold out |
| Larson Financial Group LLC | 0 | $0 | 0.00% | −400−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −200−100.0% | Sold out |
| N.E.W. Advisory Services LLC | 0 | $0 | 0.00% | −200−100.0% | Sold out |
| Hilltop National Bank | 0 | $0 | 0.00% | −200−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −50−100.0% | Sold out |
| Versant Capital Management, Inc | 0 | $0 | 0.00% | −20−100.0% | Sold out |
| Financial Perspectives, Inc | 0 | $0 | 0.00% | −16−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Wolverine Trading, LLC | – | – | – | – | Not filed |
| Pineridge Advisors LLC | – | – | – | – | Not filed |