SNDL Ownership | Who Owns SNDL?

SNDL Ownership Summary

SNDL is owned by 15.48% institutional investors, 4.50% insiders, and 80.01% retail investors. Morgan stanley is the largest institutional shareholder, holding 3.93% of SNDL shares. ETFMG Alternative Harvest ETF is the top mutual fund, with 2.01% of its assets in SNDL shares.

SNDL Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	SNDL	15.48%	4.50%	80.01%
Sector	Consumer Defensive Stocks	52.39%	16.77%	30.84%
Industry	Beverages - Wineries & Distilleries Stocks	24.76%	9.78%	65.47%
Idea	Cannabis Stocks List	19.04%	11.61%	69.35%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Morgan stanley	10.21M	3.93%	$13.79M
Cannell capital	8.76M	3.33%	$11.56M
Toroso investments	5.33M	2.05%	$7.20M
Arrowstreet capital, limited partnership	2.36M	0.91%	$3.18M
Citadel advisors	2.17M	0.83%	$2.92M
Mirae asset global etfs	2.11M	0.81%	$2.85M
Goldman sachs group	1.97M	0.76%	$2.66M
Susquehanna group, llp	1.91M	0.74%	$2.58M
Ewing morris & co. investment partners	1.48M	0.57%	$1.99M
State of wyoming	1.46M	0.57%	$1.88M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Cannell capital	8.76M	7.10%	$11.56M
Ewing morris & co. investment partners	1.48M	1.04%	$1.99M
State of wyoming	1.46M	0.15%	$1.88M
Connective capital management	95.66K	0.09%	$129.14K
Advisorshares investments	400.73K	0.07%	$540.98K
Skyview investment advisors	310.16K	0.06%	$409.00K
R squared	52.23K	0.04%	$70.50K
Baader bank aktiengesellschaft	250.00K	0.03%	$337.50K
Gsa capital partners llp	285.16K	0.02%	$385.00K
Magnus financial group	229.25K	0.02%	$309.48K

Top Buyers

Holder	Shares	% Assets	Change
State of wyoming	1.46M	0.15%	1.29M
Jane street group	1.17M	0.00%	841.62K
Goldman sachs group	1.97M	0.00%	788.39K
Renaissance	1.05M	0.00%	449.57K
Resources investment advisors, llc.	585.13K	0.01%	369.64K

Top Sellers

Holder	Shares	% Assets	Change
Advisorshares investments	400.73K	0.07%	-3.11M
Morgan stanley	10.21M	0.00%	-1.20M
Arrowstreet capital, limited partnership	2.36M	0.00%	-639.02K
Qube research	164.53K	0.00%	-635.98K
Cambria investment management	-	-	-352.84K

New Positions

Holder	Shares	% Assets	Change	Value
Connective capital management	95.66K	0.09%	95.66K	$129.14K
Susquehanna portfolio strategies	59.89K	0.00%	59.89K	$160.52K
Cibc world market	55.14K	0.00%	55.14K	$74.44K
Mariner	27.75K	-	27.75K	$37.47K
Bayesian capital management, lp	22.60K	0.01%	22.60K	$60.57K

Sold Out

Holder	Change
Parallel advisors	-3.00
Fifth third bancorp	-5.00
Godsey & gibb	-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 %
Jun 30, 2026	112	-3.45%	40,286,844	-25.43%	15	3.59%	47	-4.08%	29	20.83%
Mar 31, 2026	64	-48.80%	11,319,987	-80.05%	4	0.88%	26	-49.02%	10	-66.67%
Dec 31, 2025	84	-38.24%	34,927,003	-38.16%	13	2.86%	28	-50.88%	20	-31.03%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
ETFMG Alternative Harvest ETF	4.95M	2.01%	170.00K
AdvisorShares Pure US Cannabis ETF	2.59M	0.99%	-99.91K
Global X Marijuana Life Sciences ETF	1.65M	0.67%	-475.01K
Lazard US Small Cap Equity WW Dist EUR	910.02K	0.35%	-8.09K
AdvisorShares Pure Cannabis ETF	788.82K	0.32%	-
Invesco FTSE RAFI US 1500 Small-Mid ETF	807.34K	0.30%	-
Lazard Baylight US Sm Cap Eq WW Dist EUR	729.13K	0.30%	-195.50K
Lazard Baylight US Small Cap Equity	729.13K	0.28%	-204.98K
Invesco RAFI US 1500 Small-Mid ETF	384.36K	0.15%	-
Cambria Cannabis ETF	352.84K	0.14%	-

SNDL Ownership FAQ

Who Owns SNDL?

SNDL shareholders are primarily institutional investors at 15.48%, followed by 4.50% insiders and 80.02% retail investors. The average institutional ownership in SNDL's industry, Beverages - Wineries & Distilleries Stocks , is 24.76%, which SNDL falls below.

Who owns the most shares of SNDL?

SNDL’s largest shareholders are Morgan stanley (10.21M shares, 3.93%), Cannell capital (8.76M shares, 3.33%), and Toroso investments (5.33M shares, 2.05%). Together, they hold 9.30% 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 7.10% of its assets in 8.76M SNDL shares, valued at 11.56M$.

Who is the top mutual fund holder of SNDL shares?

ETFMG Alternative Harvest ETF is the top mutual fund holder of SNDL shares, with 2.01% of its total shares outstanding invested in 4.95M SNDL shares.

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