SNDL Ownership | Who Owns SNDL?

SNDL Ownership Summary

SNDL is owned by 21.56% institutional investors, 4.34% insiders, and 74.10% retail investors. Morgan stanley is the largest institutional shareholder, holding 4.76% of SNDL shares. ETFMG Alternative Harvest ETF is the top mutual fund, with 2.32% of its assets in SNDL shares.

SNDL Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	SNDL	21.56%	4.34%	74.10%
Sector	Healthcare Stocks	42.54%	10.83%	46.63%
Industry	Specialty & Generic Drug Manufacturers Stocks	26.16%	11.89%	61.94%
Idea	Cannabis Stocks List	16.95%	11.09%	71.96%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Morgan stanley	12.35M	4.76%	$33.09M
Cannell capital	8.95M	3.45%	$23.99M
Toroso investments	6.09M	2.35%	$16.31M
Arrowstreet capital, limited partnership	4.62M	1.78%	$12.32M
Advisorshares investments	3.29M	1.27%	$8.82M
Royal bank of canada	2.22M	0.86%	$5.96M
Jpmorgan chase	1.88M	0.73%	$5.04M
Mirae asset global etfs	1.65M	0.64%	$4.41M
Jane street group	1.53M	0.59%	$4.11B
Goldman sachs group	969.57K	0.37%	$2.60M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Cannell capital	8.95M	3.66%	$23.99M
Advisorshares investments	3.29M	1.44%	$8.82M
Ewing morris & co. investment partners	951.22K	1.09%	$2.55M
Connective capital management	149.85K	0.37%	$401.60K
Cable car capital	306.19K	0.35%	$820.60K
R squared	105.00K	0.12%	$281.41K
State of wyoming	346.18K	0.11%	$927.76K
Rbf capital	400.00K	0.05%	$1.07M
Baader bank aktiengesellschaft	252.54K	0.04%	$672.98K
Gsa capital partners llp	182.57K	0.04%	$489.00K

Top Buyers

Holder	Shares	% Assets	Change
Morgan stanley	12.35M	0.00%	8.58M
Arrowstreet capital, limited partnership	4.62M	0.01%	4.06M
Advisorshares investments	3.29M	1.44%	2.21M
Jpmorgan chase	1.88M	0.00%	1.88M
Jane street group	1.53M	0.00%	1.33M

Top Sellers

Holder	Shares	% Assets	Change
Bnp paribas arbitrage, snc	2.68K	-	-4.85M
Toroso investments	6.09M	0.03%	-1.19M
Group one trading	-	-	-328.26K
Hrt financial lp	-	-	-289.53K
Penserra capital management	-	-	-289.53K

New Positions

Holder	Shares	% Assets	Change	Value
Jpmorgan chase	1.88M	0.00%	1.88M	$5.04M
Ewing morris & co. investment partners	951.22K	1.09%	951.22K	$2.55M
Engineers gate manager lp	179.11K	0.01%	179.11K	$480.02K
Connective capital management	149.85K	0.37%	149.85K	$401.60K
Centiva capital, lp	120.58K	0.00%	120.58K	$323.14K

Sold Out

Holder	Change
Parallel advisors	-3.00
Godsey & gibb	-5.00
Fifth third bancorp	-5.00
Nelson, van denburg & campbell wealth management group	-7.00
City	-7.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	125	-4.58%	55,871,066	33.49%	21	8.26%	52	-8.77%	28	12.00%
Jun 30, 2025	123	-0.81%	41,441,547	5.81%	15	7.00%	57	29.55%	24	-25.00%
Mar 31, 2025	122	-7.58%	38,889,588	-4.46%	15	6.37%	43	-28.33%	31	72.22%
Dec 31, 2024	132	5.60%	40,706,613	29.33%	15	10.89%	60	46.34%	18	-28.00%
Sep 30, 2024	125	-1.57%	31,475,162	9.97%	11	10.09%	41	-22.64%	25	4.17%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
ETFMG Alternative Harvest ETF	5.98M	2.32%	-
Global X Marijuana Life Sciences ETF	1.90M	0.74%	-21.82K
AdvisorShares Pure US Cannabis ETF	1.25M	0.49%	224.65K
AdvisorShares Pure Cannabis ETF	1.12M	0.44%	-
Invesco FTSE RAFI US 1500 Small-Mid ETF	807.34K	0.30%	-
Cambria Cannabis ETF	414.95K	0.16%	-
Invesco RAFI US 1500 Small-Mid ETF	384.36K	0.15%	-
SPDR® Portfolio Developed Wld ex-US ETF	264.05K	0.10%	-
Amplify Seymour Cannabis ETF	211.84K	0.08%	-
CANSOUL Fonds Hanf Aktien Global EUR C	173.35K	0.07%	-

SNDL Ownership FAQ

Who Owns SNDL?

SNDL shareholders are primarily institutional investors at 21.56%, followed by 4.34% insiders and 74.10% retail investors. The average institutional ownership in SNDL's industry, Specialty & Generic Drug Manufacturers Stocks, is 26.16%, which SNDL falls below.

Who owns the most shares of SNDL?

SNDL’s largest shareholders are Morgan stanley (12.35M shares, 4.76%), Cannell capital (8.95M shares, 3.45%), and Toroso investments (6.09M shares, 2.35%). Together, they hold 10.57% of SNDL’s total shares outstanding.

Does Blackrock own SNDL?

BlackRock is not among the top 10 institutional shareholders of SNDL.

Who is SNDL’s biggest shareholder by percentage of total assets invested?

Cannell capital is SNDL’s biggest shareholder by percentage of total assets invested, with 3.66% of its assets in 8.95M SNDL shares, valued at 23.99M$.

Who is the top mutual fund holder of SNDL shares?

ETFMG Alternative Harvest ETF is the top mutual fund holder of SNDL shares, with 2.32% of its total shares outstanding invested in 5.98M SNDL shares.

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