Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SNDL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY | 11.4M | $15.1M | -8.1% | 4.402% | 0.00% |
| 2 | CANNELL CAPITAL LLC | 8.8M | $11.6M | 0.0% | 3.380% | 7.29% |
| 3 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.9M | $5.1M | +1.4% | 1.487% | 0.00% |
| 4 | AdvisorShares Investments LLC | 3.5M | $4.6M | -3.5% | 1.354% | 0.84% |
| 5 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 3.0M | $4.0M | -26.7% | 1.156% | 0.00% |
| 6 | CITADEL ADVISORS LLC | 2.9M | $3.8M | — | 1.104% | 0.00% |
| 7 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2.2M | $3.0M | +17.1% | 0.864% | 0.00% |
| 8 | Ewing Morris & Co. Investment Partners Ltd. | 1.3M | $1.7M | +23.8% | 0.502% | 0.78% |
| 9 | GOLDMAN SACHS GROUP INC | 1.2M | $1.6M | -13.4% | 0.456% | 0.00% |
| 10 | LAZARD ASSET MANAGEMENT LLC | 1.1M | $1.4M | +14.4% | 0.405% | 0.00% |
| 11 | Man Group plc | 828K | $1.1M | +56.2% | 0.320% | 0.00% |
| 12 | Qube Research & Technologies Ltd | 801K | $1.1M | +19.2% | 0.309% | 0.00% |
| 13 | State of Wyoming | 654K | $863K | +50.5% | 0.252% | 0.10% |
| 14 | RENAISSANCE TECHNOLOGIES LLC | 602K | $795K | — | 0.232% | 0.00% |
| 15 | WINTON GROUP Ltd | 498K | $658K | +6.7% | 0.192% | 0.02% |
| 16 | STATE STREET CORP | 453K | $598K | +4.8% | 0.175% | 0.00% |
| 17 | UBS Group AG | 425K | $561K | +194.7% | 0.164% | 0.00% |
| 18 | SIMPLEX TRADING, LLC | 398K | $525K | +19.6% | 0.153% | 0.02% |
| 19 | Cambria Investment Management, L.P. | 353K | $466K | -11.9% | 0.136% | 0.03% |
| 20 | DIMENSIONAL FUND ADVISORS LP | 328K | $433K | 0.0% | 0.127% | 0.00% |
| 21 | BlackRock, Inc. | 321K | $423K | +112.7% | 0.124% | 0.00% |
| 22 | Cable Car Capital, LP | 306K | $404K | 0.0% | 0.118% | 0.14% |
| 23 | MILLENNIUM MANAGEMENT LLC | 293K | $387K | -74.6% | 0.113% | 0.00% |
| 24 | GROUP ONE TRADING, L.P. | 270K | $356K | — | 0.104% | 0.01% |
| 25 | XTX Topco Ltd | 261K | $344K | +210.3% | 0.101% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SNDL — a direct measure of their conviction.
Filings activity in SNDL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 104 | 10% | 17.55% | 14.81 pp | $65M | 46% |
| Q4 2025 | 116 | 4.1% | 32.36% | 9.16 pp | $119M | 22% |
| Q3 2025 | 121 | 3.2% | 41.52% | +27.06 pp | $153M | +187% |
| Q2 2025 | 125 | +6.8% | 14.46% | 0.99 pp | $53M | 6.4% |
| Q1 2025 | 117 | 7.9% | 15.45% | 4.99 pp | $57M | 24% |
| Q4 2024 | 127 | +10% | 20.44% | +2.33 pp | $75M | +13% |
| Q3 2024 | 115 | 2.5% | 18.11% | 26.75 pp | $67M | 60% |
| Q2 2024 | 118 | — | 44.86% | — | $165M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SNDL stock.
Based on Q1 2026 13F filings, institutional ownership of SNDL Inc. stands at 17.5%, held across 104 reporting institutions.
MORGAN STANLEY is the largest reported institutional holder of SNDL, with approximately 11,411,121 shares worth $0.02B as of Q1 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of SNDL, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for SNDL is 43 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
15 institutions opened new positions in SNDL during Q1 2026, while 27 fully exited. 10 added to existing positions and 77 trimmed.
SNDL institutional ownership fell by 14.81 percentage points quarter-over-quarter, with a net change of -12 holders.
The top 10 institutions account for 80.1% of all reported 13F value in SNDL, and the top 25 account for 94.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
SNDL Inc. (SNDL) Institutional Ownership