Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

SNDL Inc.

CIK 0001766600SNDL· quarter ending 2026-06-30

Shares outstanding

263,359,123

as of 2025-12-31 · 40-F cover page, filed 2026-03-12

Held by 13F filers

49,172,281

18.7% of shares outstanding

Holders

108

-3 vs 2026-03-31 · 17 new, 20 exited

Value

$66.4M

shares -9.0% vs prior quarter

Share classes (cover page of the 40-F filed 2026-03-12, as of 2025-12-31)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	SNDL · NASDAQ	263,359,123	49,172,281	18.7%	108	83307B101

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	83307B101	COM	108	49,172,281	263,359,123	18.7%	$66.4M	4 call / 3 put	NPORT	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings. 1 further CUSIPs map to this company (mostly bonds) but no 13F filer held them this quarter.

Top holders (108 of 108 · 83307B101)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	MORGAN STANLEY	10,214,013	3.88%	$13.8M	-1,197,108 (-10.5%)
2	CANNELL CAPITAL LLC	8,639,381	3.28%	$11.7M	-121,774 (-1.4%)
3	Tidal Investments LLC	5,334,370	2.03%	$7.2M	-176,305 (-3.2%)
4	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	2,357,401	0.90%	$3.2M	-639,022 (-21.3%)
5	CITADEL ADVISORS LLC	2,165,081	0.82%	$2.9M	+286,969 (+15.3%)
6	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	2,113,976	0.80%	$2.9M	-125,388 (-5.6%)
7	GOLDMAN SACHS GROUP INC	1,970,467	0.75%	$2.7M	+788,392 (+66.7%)
8	SUSQUEHANNA INTERNATIONAL GROUP, LLP	1,913,418	0.73%	$2.6M	+351,097 (+22.5%)
9	Ewing Morris & Co. Investment Partners Ltd.	1,481,222	0.56%	$2.0M	+180,000 (+13.8%)
10	JPMORGAN CHASE & CO	1,262,553	0.48%	$1.7M	-135,767 (-9.7%)
11	JANE STREET GROUP, LLC	1,165,093	0.44%	$1.6M	+841,619 (+260.2%)
12	RENAISSANCE TECHNOLOGIES LLC	1,051,792	0.40%	$1.4M	+449,567 (+74.7%)
13	Man Group plc	909,470	0.35%	$1.2M	+80,976 (+9.8%)
14	LAZARD ASSET MANAGEMENT LLC	864,433	0.33%	$1.2M	-185,845 (-17.7%)
15	OneDigital Investment Advisors LLC	585,135	0.22%	$790K	+369,642 (+171.5%)
16	WINTON GROUP Ltd	500,453	0.19%	$676K	+2,020 (+0.4%)
17	STATE STREET CORP	454,423	0.17%	$613K	+1,304 (+0.3%)
18	SIMPLEX TRADING, LLC	442,677	0.17%	$598K	+44,743 (+11.2%)
19	GROUP ONE TRADING LLC	431,853	0.16%	$583K	+161,926 (+60.0%)
20	AdvisorShares Investments LLC	400,728	0.15%	$541K	-3,109,133 (-88.6%)
21	DIMENSIONAL FUND ADVISORS LP	328,065	0.12%	$443K	—
22	Cable Car Capital, LP	306,195	0.12%	$413K	—
23	BlackRock, Inc.	301,640	0.11%	$407K	-19,115 (-6.0%)
24	GSA CAPITAL PARTNERS LLP	285,157	0.11%	$385K	-53,911 (-15.9%)
25	Baader Bank Aktiengesellschaft	250,000	0.09%	$338K	-718 (-0.3%)
26	RBF Capital, LLC	250,000	0.09%	$338K	—
27	SkyView Investment Advisors, LLC	250,000	0.09%	$338K	-60,158 (-19.4%)
28	UBS Group AG	229,480	0.09%	$310K	-195,620 (-46.0%)
29	Magnus Financial Group LLC	229,246	0.09%	$309K	+61,000 (+36.3%)
30	State of Wyoming	174,091	0.07%	$235K	-479,513 (-73.4%)
31	MILLENNIUM MANAGEMENT LLC	169,584	0.06%	$229K	-123,885 (-42.2%)
32	GEODE CAPITAL MANAGEMENT, LLC	164,900	0.06%	$223K	—
33	Qube Research & Technologies Ltd	164,535	0.06%	$222K	-635,984 (-79.4%)
34	BANK OF AMERICA CORP /DE/	160,738	0.06%	$217K	+5,487 (+3.5%)
35	IMC-Chicago, LLC	123,101	0.05%	$166K	-42,231 (-25.5%)
36	Leonteq Securities AG	122,479	0.05%	$165K	+23,850 (+24.2%)
37	Quadrature Capital Ltd	118,813	0.05%	$160K	-128,002 (-51.9%)
38	Aquatic Capital Management LLC	112,658	0.04%	$152K	+86,483 (+330.4%)
39	Federation des caisses Desjardins du Quebec	108,255	0.04%	$146K	+5,820 (+5.7%)
40	Connective Capital Management, LLC	95,656	0.04%	$129K	NEW
41	XTX Topco Ltd	89,266	0.03%	$121K	-171,331 (-65.7%)
42	Headlands Technologies LLC	77,995	0.03%	$105K	-29,654 (-27.5%)
43	SUSQUEHANNA ADVISORS GROUP, INC.	59,018	0.02%	$80K	—
44	CIBC WORLD MARKET INC.	55,140	0.02%	$74K	NEW
45	R Squared Ltd	52,225	0.02%	$71K	-40,278 (-43.5%)
46	Point72 Asset Management, L.P.	51,007	0.02%	$69K	-43,057 (-45.8%)
47	TWO SIGMA INVESTMENTS, LP	47,400	0.02%	$64K	-6,300 (-11.7%)
48	CITIGROUP INC	43,140	0.02%	$58K	+43,117 (+187465.2%)
49	SBI Securities Co., Ltd.	36,976	0.01%	$50K	+3,600 (+10.8%)
50	SG Americas Securities, LLC	36,613	0.01%	$49K	-14,054 (-27.7%)
51	Caprock Group, LLC	35,000	0.01%	$47K	—
52	COMMONWEALTH EQUITY SERVICES, LLC	34,363	0.01%	$46K	+273 (+0.8%)
53	HSBC HOLDINGS PLC	34,214	0.01%	$47K	—
54	StoneX Group Inc.	33,464	0.01%	$46K	NEW
55	Mariner, LLC	27,755	0.01%	$37K	NEW
56	TWO SIGMA SECURITIES, LLC	24,678	0.01%	$33K	-4,920 (-16.6%)
57	Tower Research Capital LLC (TRC)	22,954	0.01%	$31K	+1,563 (+7.3%)
58	FSM Wealth Advisors, LLC	20,000	0.01%	$27K	—
59	PFG Investments, LLC	20,000	0.01%	$27K	—
60	JEPPSON WEALTH MANAGEMENT, LLC	20,000	0.01%	$27K	—
61	ROYAL BANK OF CANADA	18,543	0.01%	$26K	-8,219 (-30.7%)
62	PFS Partners, LLC	18,000	0.01%	$24K	+9,000 (+100.0%)
63	RAYMOND JAMES FINANCIAL INC	14,951	0.01%	$20K	+269 (+1.8%)
64	LPL Financial LLC	14,730	0.01%	$20K	-89 (-0.6%)
65	AXQ CAPITAL, LP	11,356	0.00%	$15K	NEW
66	CoreCap Advisors, LLC	11,136	0.00%	$15K	—
67	HOEY INVESTMENTS, INC	10,040	0.00%	$14K	—
68	NAPLES GLOBAL ADVISORS, LLC	10,000	0.00%	$14K	—
69	OSAIC HOLDINGS, INC.	8,027	0.00%	$11K	+65 (+0.8%)
70	TD Waterhouse Canada Inc.	7,027	0.00%	$10K	-242 (-3.3%)
71	LRI Investments, LLC	6,404	0.00%	$9K	+4,104 (+178.4%)
72	Caitong International Asset Management Co., Ltd	4,736	0.00%	$6K	+2,490 (+110.9%)
73	HighMark Wealth Management LLC	3,000	0.00%	$4K	—
74	Farther Finance Advisors, LLC	2,251	0.00%	$3K	+6 (+0.3%)
75	FNY Investment Advisers, LLC	1,500	0.00%	$2K	+500 (+50.0%)
76	IFP Advisors, Inc	1,330	0.00%	$2K	+150 (+12.7%)
77	Allworth Financial LP	1,000	0.00%	$1K	—
78	Quarry LP	940	0.00%	$1K	NEW
79	Global Retirement Partners, LLC	802	0.00%	$1K	NEW
80	WELLS FARGO & COMPANY/MN	500	0.00%	$675	NEW
81	Ravenstone Capital Management Inc.	383	0.00%	$514	—
82	Clean Yield Group	222	0.00%	$300	—
83	Activest Wealth Management	200	0.00%	$270	NEW
84	Ameritas Advisory Services, LLC	180	0.00%	$243	NEW
85	Rockefeller Capital Management L.P.	150	0.00%	$203	—
86	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	133	0.00%	$179	+43 (+47.8%)
87	Arax Advisory Partners	130	0.00%	$176	+47 (+56.6%)
88	Aventura Private Wealth, LLC	130	0.00%	$176	—
89	Asset Dedication, LLC	100	0.00%	$135	—
90	SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/	100	0.00%	$135	NEW
91	Darwin Wealth Management, LLC	100	0.00%	$135	—
92	Cape Investment Advisory, Inc.	92	0.00%	$124	NEW
93	Smallwood Wealth Investment Management, LLC	50	0.00%	$67	—
94	HARBOUR INVESTMENTS, INC.	50	0.00%	$68	—
95	SHP Wealth Management	47	0.00%	$63	—
96	Montgomery Financial Services LLC	30	0.00%	$41	NEW
97	PRIVATE TRUST CO NA	26	0.00%	$35	—
98	Center for Financial Planning, Inc.	25	0.00%	$34	NEW
99	Addison Advisors LLC	20	0.00%	$27	—
100	Game Plan Financial Advisors, LLC	20	0.00%	$27	—
101	Quaker Wealth Management, LLC	20	0.00%	$27	-51 (-71.8%)
102	Steward Partners Investment Advisory, LLC	15	0.00%	$20	NEW
103	Abound Wealth Management	15	0.00%	$21	—
104	Continuum Advisory, LLC	10	0.00%	$14	NEW
105	IFG Advisory, LLC	8	0.00%	$11	NEW
106	HOLLENCREST CAPITAL MANAGEMENT	5	0.00%	$7	—
107	Coston, McIsaac & Partners	5	0.00%	$0	—
108	Ancora Advisors LLC	2	0.00%	$3	—

Exited since 2026-03-31 (20 filers; largest 20 shown)

Cambria Investment Management, L.P.	−352,842
HRT FINANCIAL LP	−231,812
Engineers Gate Manager LP	−149,915
ALGERT GLOBAL LLC	−136,530
Virtu Financial LLC	−91,431
AlphaCore Capital LLC	−34,900
Corient Private Wealth LLC	−30,014
SCOTIA CAPITAL INC.	−22,193
Private Advisor Group, LLC	−20,969
EntryPoint Capital, LLC	−18,271
OXFORD ASSET MANAGEMENT LLP	−13,568
CWM, LLC	−12,248
Revisor Wealth Management LLC	−10,630
Security National Bank	−6,445
NATIONAL BANK OF CANADA /FI/	−4,400
Advisory Services Network, LLC	−163
Merkkuri Wealth Advisors LLC	−70
Robinswood Financial LLC	−65
Sound Income Strategies, LLC	−10
MATHER GROUP, LLC.	−10

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Armistice Capital, LLC	SCHEDULE 13G/A	2025-08-20	2025-06-30	754,867	0.29%
Steven Boyd	SCHEDULE 13G/A	2025-08-20	2025-06-30	754,867	0.29%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.