Vault-13

SNDL INC SNDL

COM · Common Stock · CUSIP 83307B101 · ISIN CA83307B1013

107 institutional holders -4 vs Q1 2026
48,922,22848.9m shares reported held*
$66.1mreported value*
15 new 31 added 28 reduced 18 sold out net sold ≈ $6.4m (-4.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.35. Options: 7 managers hold calls ($1.5m notional), 6 hold puts ($6.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 90Q4 22: 101Q1 23: 108Q2 23: 101Q3 23: 103Q4 23: 110Q1 24: 116Q2 24: 124Q3 24: 120Q4 24: 131Q1 25: 123Q2 25: 129Q3 25: 130Q4 25: 121Q1 26: 111Q2 26: 107107Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202290
Q4 2022101
Q1 2023108
Q2 2023101
Q3 2023103
Q4 2023110
Q1 2024116
Q2 2024124
Q3 2024120
Q4 2024131
Q1 2025123
Q2 2025129
Q3 2025130
Q4 2025121
Q1 2026111
Q2 2026107

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 43 bought or addedQ3 24: 42 cut or sold outQ4 24: 56 bought or addedQ4 24: 35 cut or sold outQ4 24Q1 25: 42 bought or addedQ1 25: 52 cut or sold outQ2 25: 56 bought or addedQ2 25: 46 cut or sold outQ2 25Q3 25: 55 bought or addedQ3 25: 51 cut or sold outQ4 25: 53 bought or addedQ4 25: 50 cut or sold outQ4 25Q1 26: 48 bought or addedQ1 26: 47 cut or sold outQ2 26: 46 bought or addedQ2 26: 46 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244342
Q4 20245635
Q1 20254252
Q2 20255646
Q3 20255551
Q4 20255350
Q1 20264847
Q2 20264646

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ3 25 calls: $9.4mQ3 25 puts: $10.8mQ3 25P/C 1.16Q4 25 calls: $4.3mQ4 25 puts: $7.6mQ4 25P/C 1.77Q1 26 calls: $1.6mQ1 26 puts: $6.0mQ1 26P/C 3.81Q2 26 calls: $1.5mQ2 26 puts: $6.4mQ2 26P/C 4.18
Numbers
QuarterCallsPutsP/C
Q3 2025$9.4m$10.8m1.16
Q4 2025$4.3m$7.6m1.77
Q1 2026$1.6m$6.0m3.81
Q2 2026$1.5m$6.4m4.18

Biggest buyers

JANE STREET GROUP, LLC Added +841,619+841.6k
GOLDMAN SACHS GROUP INC Added +788,392+788.4k
RENAISSANCE TECHNOLOGIES LLC Added +449,567+449.6k
OneDigital Investment Advisors LLC Added +369,642+369.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +351,097+351.1k
CITADEL ADVISORS LLC Added +286,969+287.0k
Ewing Morris & Co. Investment Partners Ltd. Added +180,000+180.0k
GROUP ONE TRADING LLC Added +161,926+161.9k
Connective Capital Management, LLC New +95,656+95.7k
Aquatic Capital Management LLC Added +86,483+86.5k

Biggest sellers

AdvisorShares Investments LLC Reduced -3,109,133-3.1m
MORGAN STANLEY Reduced -1,197,108-1.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -639,022-639.0k
Qube Research & Technologies Ltd Reduced -635,984-636.0k
State of Wyoming Reduced -479,513-479.5k
Cambria Investment Management, L.P. Sold out -352,842-352.8k
HRT FINANCIAL LP Sold out -231,812-231.8k
UBS Group AG Reduced -195,620-195.6k
LAZARD ASSET MANAGEMENT LLC Reduced -185,845-185.8k
Tidal Investments LLC Reduced -176,305-176.3k

Biggest calls

GROUP ONE TRADING LLC Reduced $381.9k282.9k shares
CITADEL ADVISORS LLC Added $337.0k249.6k shares
IMC-Chicago, LLC Added $316.7k234.6k shares
JANE STREET GROUP, LLC Reduced $203.2k150.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $202.9k150.3k shares
SIMPLEX TRADING, LLC Reduced $95.7k70.9k shares
FNY Investment Advisers, LLC Unchanged $015 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m2.1m shares
GROUP ONE TRADING LLC Added $1.5m1.1m shares
CITADEL ADVISORS LLC Reduced $1.1m809.3k shares
SIMPLEX TRADING, LLC Added $680.7k504.2k shares
IMC-Chicago, LLC Reduced $184.0k136.3k shares
JANE STREET GROUP, LLC Reduced $125.1k92.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,214,01310.2m $13.8m $13.8m 0.00% Reduced -1.2m -1,197,108
2 CANNELL CAPITAL LLC 8.14% of their portfolio ALTA, WY 8,639,3818.6m $11.7m $11.7m 8.14% Reduced -121.8k -121,774
3 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 5,334,3705.3m $7.2m $7.2m 0.02% Reduced -176.3k -176,305
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 2,357,4012.4m $3.2m $3.2m 0.00% Reduced -639.0k -639,022
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,165,0812.2m $2.9m $2.9m 0.00% Added +287.0k +286,969
6 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 2,113,9762.1m $2.9m $2.9m 0.00% Reduced -125.4k -125,388
7 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,970,4672.0m $2.7m $2.7m 0.00% Added +788.4k +788,392
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,913,4181.9m $2.6m $2.6m 0.00% Added +351.1k +351,097
9 Ewing Morris & Co. Investment Partners Ltd. 1.04% of their portfolio TORONTO, Z4 1,481,2221.5m $2.0m $2.0m 1.04% Added +180.0k +180,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,262,5531.3m $1.7m $1.7m 0.00% Reduced -135.8k -135,767
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,165,0931.2m $1.6m $1.6m 0.00% Added +841.6k +841,619
12 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 1,051,7921.1m $1.4m $1.4m 0.00% Added +449.6k +449,567
13 Man Group plc 0.00% of their portfolio LONDON, X0 909,470909.5k $1.2m $1.2m 0.00% Added +81.0k +80,976
14 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 864,433864.4k $1.2m $1.2m 0.00% Reduced -185.8k -185,845
15 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 585,135585.1k $789.9k $789.9k 0.01% Added +369.6k +369,642
16 WINTON GROUP Ltd 0.02% of their portfolio LONDON, X0 500,453500.5k $675.6k $675.6k 0.02% Added +2.0k +2,020
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 454,423454.4k $613.5k $613.5k 0.00% Added +1.3k +1,304
18 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 442,677442.7k $597.6k $597.6k 0.02% Added +44.7k +44,743
19 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 431,853431.9k $583.0k $583.0k 0.02% Added +161.9k +161,926
20 AdvisorShares Investments LLC 0.07% of their portfolio BETHESDA, MD 400,728400.7k $541.0k $541.0k 0.07% Reduced -3.1m -3,109,133
21 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 328,065328.1k $442.9k $442.9k 0.00% Unchanged
22 Cable Car Capital, LP 0.02% of their portfolio SAN FRANCISCO, CA 306,195306.2k $413.4k $413.4k 0.02% Unchanged
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 301,640301.6k $407.2k $407.2k 0.00% Reduced -19.1k -19,115
24 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 285,157285.2k $385.0k $385.0k 0.02% Reduced -53.9k -53,911
25 RBF Capital, LLC 0.01% of their portfolio RENO, NV 250,000250.0k $337.5k $337.5k 0.01% Unchanged
26 Baader Bank Aktiengesellschaft 0.03% of their portfolio Unterschleissheim, 2M 250,000250.0k $337.5k $337.5k 0.03% Reduced -718 -718
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 229,480229.5k $309.8k $309.8k 0.00% Reduced -195.6k -195,620
28 Magnus Financial Group LLC 0.02% of their portfolio NEW YORK, NY 229,246229.2k $309.5k $309.5k 0.02% Added +61.0k +61,000
29 State of Wyoming 0.02% of their portfolio CHEYENNE, WY 174,091174.1k $235.0k $235.0k 0.02% Reduced -479.5k -479,513
30 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 169,584169.6k $228.9k $228.9k 0.00% Reduced -123.9k -123,885
31 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 164,900164.9k $222.6k $222.6k 0.00% Unchanged
32 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 164,535164.5k $222.1k $222.1k 0.00% Reduced -636.0k -635,984
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 160,738160.7k $217.0k $217.0k 0.00% Added +5.5k +5,487
34 IMC-Chicago, LLC 0.00% of their portfolio CHICAGO, IL 123,101123.1k $166.2k $166.2k 0.00% Reduced -42.2k -42,231
35 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 122,479122.5k $165.3k $165.3k 0.01% Added +23.9k +23,850
36 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 118,813118.8k $160.4k $160.4k 0.00% Reduced -128.0k -128,002
37 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 112,658112.7k $152.1k $152.1k 0.01% Added +86.5k +86,483
38 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 108,255108.3k $145.6k $145.6k 0.00% Added +5.8k +5,820
39 Connective Capital Management, LLC 0.09% of their portfolio PALO ALTO, CA 95,65695.7k $129.1k $129.1k 0.09% New
40 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 89,26689.3k $120.5k $120.5k 0.00% Reduced -171.3k -171,331
41 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 77,99578.0k $105.3k $105.3k 0.01% Reduced -29.7k -29,654
42 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 59,01859.0k $79.7k $79.7k 0.00% Unchanged
43 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 55,14055.1k $74.4k $74.4k 0.00% New
44 R Squared Ltd 0.04% of their portfolio HONG KONG, K3 52,22552.2k $70.5k $70.5k 0.04% Reduced -40.3k -40,278
45 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 51,00751.0k $68.9k $68.9k 0.00% Reduced -43.1k -43,057
46 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 47,40047.4k $64.0k $64.0k 0.00% Reduced -6.3k -6,300
47 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,14043.1k $58.2k $58.2k 0.00% Added +43.1k +43,117
48 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 36,97637.0k $49.9k $49.9k 0.00% Added +3.6k +3,600
49 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 36,61336.6k $49.0k $49.0k 0.00% Reduced -14.1k -14,054
50 Caprock Group, LLC 0.00% of their portfolio BOISE, ID 35,00035.0k $47.2k $47.2k 0.00% Unchanged
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,36334.4k $46.4k $46.4k 0.00% Added +273 +273
52 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 34,21434.2k $46.7k $46.7k 0.00% Unchanged
53 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 33,46433.5k $46.2k $46.2k 0.00% New
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 27,75527.8k $37.5k $37.5k 0.00% New
55 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 24,67824.7k $33.3k $33.3k 0.00% Reduced -4.9k -4,920
56 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 22,95423.0k $31.0k $31.0k 0.00% Added +1.6k +1,563
57 JEPPSON WEALTH MANAGEMENT, LLC 0.01% of their portfolio MANHATTAN BEACH, CA 20,00020.0k $27.0k $27.0k 0.01% Unchanged
58 FSM Wealth Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 20,00020.0k $27.0k $27.0k 0.00% Unchanged
59 PFG Investments, LLC 0.00% of their portfolio WOODBURY, NY 20,00020.0k $27.0k $27.0k 0.00% Unchanged
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,54318.5k $26.0k $26.0k 0.00% Reduced -8.2k -8,219
61 PFS Partners, LLC 0.01% of their portfolio MINE HILL, NJ 18,00018.0k $24.3k $24.3k 0.01% Added +9.0k +9,000
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 14,95115.0k $20.2k $20.2k 0.00% Added +269 +269
63 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,73014.7k $19.9k $19.9k 0.00% Reduced -89 -89
64 AXQ CAPITAL, LP 0.00% of their portfolio JERSEY CITY, NJ 11,35611.4k $15.3k $15.3k 0.00% New
65 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 11,13611.1k $15.0k $15.0k 0.00% Unchanged
66 HOEY INVESTMENTS, INC 0.00% of their portfolio COATESVILLE, PA 10,04010.0k $13.6k $13.6k 0.00% Unchanged
67 NAPLES GLOBAL ADVISORS, LLC 0.00% of their portfolio NAPLES, FL 10,00010.0k $13.5k $13.5k 0.00% Unchanged
68 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,0278.0k $10.8k $10.8k 0.00% Added +65 +65
69 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 7,0277.0k $9.6k $9.6k 0.00% Reduced -242 -242
70 LRI Investments, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 6,4046.4k $8.6k $8.6k 0.00% Added +4.1k +4,104
71 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 4,7364.7k $6.4k $6.4k 0.00% Added +2.5k +2,490
72 HighMark Wealth Management LLC 0.00% of their portfolio ST. PAUL, MN 3,0003.0k $4.0k $4.0k 0.00% Unchanged
73 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,2512.3k $3.0k $3.0k 0.00% Added +6 +6
74 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 1,5001.5k $2.0k $2.0k 0.00% Added +500 +500
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,3301.3k $1.8k $1.8k 0.00% Added +150 +150
76 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,0001.0k $1.4k $1.4k 0.00% Unchanged
77 Quarry LP 0.00% of their portfolio NEW YORK, NY 940940 $1.3k $1.3k 0.00% New
78 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 802802 $1.1k $1.1k 0.00% First filing
79 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 500500 $675 $675 0.00% New
80 Ravenstone Capital Management Inc. 0.00% of their portfolio TORONTO, A6 383383 $514 $514 0.00% Unchanged
81 Clean Yield Group 0.00% of their portfolio NORWICH, VT 222222 $300 $300 0.00% Unchanged
82 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 200200 $270 $270 0.00% New
83 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 180180 $243 $243 0.00% New
84 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 150150 $203 $203 0.00% Unchanged
85 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 133133 $179 $179 0.00% Added +43 +43
86 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 130130 $176 $176 0.00% Added +47 +47
87 Aventura Private Wealth, LLC 0.00% of their portfolio AVENTURA, FL 130130 $176 $176 0.00% Unchanged
88 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $135 $135 0.00% Unchanged
89 Darwin Wealth Management, LLC 0.00% of their portfolio TAMPA, FL 100100 $135 $135 0.00% Unchanged
90 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 9292 $124 $124 0.00% New
91 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5050 $68 $68 0.00% Unchanged
92 Smallwood Wealth Investment Management, LLC 0.00% of their portfolio RED BANK, NJ 5050 $67 $67 0.00% Unchanged
93 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 4747 $63 $63 0.00% New
94 SHP Wealth Management 0.00% of their portfolio PLYMOUTH, MA 4747 $63 $63 0.00% Unchanged
95 Montgomery Financial Services LLC 0.00% of their portfolio OCEAN CITY, MD 3030 $41 $41 0.00% First filing
96 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 2626 $35 $35 0.00% Unchanged
97 Center for Financial Planning, Inc. 0.00% of their portfolio SOUTHFIED, MI 2525 $34 $34 0.00% New
98 Quaker Wealth Management, LLC 0.00% of their portfolio MOORESTOWN, NJ 2020 $27 $27 0.00% Reduced -51 -51
99 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 2020 $27 $27 0.00% Unchanged
100 Addison Advisors LLC 0.00% of their portfolio MIDDLEBURY, VT 2020 $27 $27 0.00% Unchanged