New Positions
24 managers initiated
Top five by reported value
- Leonteq Securities AG$296.7K
- IMC-Chicago, LLC$247.7K
- Graham Capital Management, L.P.$221.9K
- OXFORD ASSET MANAGEMENT LLP$147.3K
- Brevan Howard Capital Management LP$146.2K
SNDL Inc NASDAQ NMS - GLOBAL MARKET:SNDL
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
24 new38 added56 reduced28 exited
Total Institutional Holders
118
as of 2025-12-31
Top Holder
MORGAN STANLEY
$20.6M
Largest QoQ Increase
HRT FINANCIAL LP
+811,395 sh
Largest QoQ Decrease
Royal Bank of Canada
-2,410,549 sh
New Positions(24)
Added To(38)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MORGAN STANLEY | 12,417,045 | +70,907 | $20.6M | -$12.5M | 0.6% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3,802,568 | +69,046 | $6.3M | -$3.7M | 1.8% |
| CITADEL ADVISORS LLC | 3,261,336 | +87,482 | $5.4M | -$3.1M | 2.8% |
| AdvisorShares Investments LLC | 3,637,388 | +344,896 | $6.0M | -$2.8M | 10.5% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,912,386 | +266,386 | $3.2M | -$1.2M | 16.2% |
| JANE STREET GROUP, LLC | 1,915,700 | +304,782 | $3.2M | -$1.1M | 18.9% |
| Ewing Morris & Co. Investment Partners Ltd. | 1,051,222 | +100,000 | $1.8M | -$794.8K | 10.5% |
| LAZARD ASSET MANAGEMENT LLC | 918,107 | +123,508 | $1.5M | -$605.5K | 15.5% |
| MILLENNIUM MANAGEMENT LLC | 1,156,161 | +630,870 | $1.9M | +$511.4K | 120.1% |
| STATE STREET CORP | 432,441 | +11,152 | $717.9K | -$411.2K | 2.6% |
| Man Group plc | 530,328 | +66,740 | $880.3K | -$362.1K | 14.4% |
| GOLDMAN SACHS GROUP INC | 1,365,158 | +395,585 | $2.3M | -$332.3K | 40.8% |
| RBF Capital, LLC | 500,000 | +100,000 | $830.0K | -$242.0K | 25.0% |
| Qube Research & Technologies Ltd | 671,553 | +340,878 | $1.1M | +$228.6K | 103.1% |
| Cambria Investment Management, L.P. | 400,682 | +30,312 | $665.1K | +$217.0K | 8.2% |
| State of Wyoming | 434,150 | +87,970 | $720.7K | -$207.1K | 25.4% |
| Squarepoint Ops LLC | 251,623 | +24,213 | $417.7K | -$191.8K | 10.6% |
| WINTON GROUP Ltd | 467,009 | +112,501 | $775.2K | -$174.8K | 31.7% |
| MACKENZIE FINANCIAL CORP | 336,271 | +84,387 | $553.8K | -$121.3K | 33.5% |
| Point72 Asset Management, L.P. | 188,449 | +112,356 | $312.8K | +$108.9K | 147.7% |
| UBS Group AG | 144,241 | +87,799 | $239.4K | +$88.2K | 155.6% |
| XTX Topco Ltd | 83,988 | +62,758 | $139.4K | +$82.5K | 295.6% |
| BlackRock, Inc. | 150,821 | +84,028 | $250.4K | +$71.4K | 125.8% |
| Headlands Technologies LLC | 133,796 | +25,148 | $222.1K | -$69.1K | 23.1% |
| TWO SIGMA ADVISERS, LP | 53,400 | +700 | $88.6K | -$52.6K | 1.3% |
| Security National Bank | 6,445 | +5,870 | $10.7K | +$9.2K | 1020.9% |
| CAPROCK Group, Inc. | 35,000 | +10,000 | $58.1K | -$8.9K | 40.0% |
| ADVISOR GROUP HOLDINGS, INC. | 7,821 | +1,120 | $13.0K | -$5.0K | 16.7% |
| Prestige Wealth Management Group LLC | 1,428 | +1,245 | $2.6K | +$2.1K | 680.3% |
| PFG Investments, LLC | 20,000 | +7,000 | $33.2K | -$1.6K | 53.8% |
| NewEdge Advisors, LLC | 3,263 | +746 | $5.4K | -$1.3K | 29.6% |
| TD Waterhouse Canada Inc. | 6,459 | +1,785 | $10.7K | -$1.2K | 38.2% |
| PFS Partners, LLC | 9,000 | +3,000 | $14.9K | -$1.1K | 50.0% |
| NATIONAL BANK OF CANADA /FI/ | 880 | +670 | $1.4K | +$1.1K | 319.0% |
| SRS Capital Advisors, Inc. | 989 | +130 | $1.6K | -$661 | 15.1% |
| Virtu Financial LLC | 361,260 | +296,953 | $600 | +$428 | 461.8% |
| ALGERT GLOBAL LLC | 136,530 | +54,370 | $227 | +$7 | 66.2% |
| CWM, LLC | 1,260 | +1,066 | $2 | +$1 | 549.5% |
Reduced(56)
Sold Out(28)
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| MORGAN STANLEY | 12,417,045 | $20.6M | +70,907 | 0.6% |
| CANNELL CAPITAL LLC | 8,761,155 | $14.5M | -190,600 | -2.1% |
| Toroso Investments, LLC | 5,173,898 | $8.6M | -912,419 | -15.0% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 4,087,827 | $6.8M | -534,959 | -11.6% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3,802,568 | $6.3M | +69,046 | 1.8% |
| AdvisorShares Investments LLC | 3,637,388 | $6.0M | +344,896 | 10.5% |
| CITADEL ADVISORS LLC | 3,261,336 | $5.4M | +87,482 | 2.8% |
| JANE STREET GROUP, LLC | 1,915,700 | $3.2M | +304,782 | 18.9% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,912,386 | $3.2M | +266,386 | 16.2% |
| GOLDMAN SACHS GROUP INC | 1,365,158 | $2.3M | +395,585 | 40.8% |
| JPMORGAN CHASE & CO | 1,284,775 | $2.1M | -595,407 | -31.7% |
| MILLENNIUM MANAGEMENT LLC | 1,156,161 | $1.9M | +630,870 | 120.1% |
| Ewing Morris & Co. Investment Partners Ltd. | 1,051,222 | $1.8M | +100,000 | 10.5% |
| LAZARD ASSET MANAGEMENT LLC | 918,107 | $1.5M | +123,508 | 15.5% |
| Qube Research & Technologies Ltd | 671,553 | $1.1M | +340,878 | 103.1% |
| Man Group plc | 530,328 | $880.3K | +66,740 | 14.4% |
| RBF Capital, LLC | 500,000 | $830.0K | +100,000 | 25.0% |
| WINTON GROUP Ltd | 467,009 | $775.2K | +112,501 | 31.7% |
| State of Wyoming | 434,150 | $720.7K | +87,970 | 25.4% |
| STATE STREET CORP | 432,441 | $717.9K | +11,152 | 2.6% |
New & Closed Positions this quarter
Closed Positions
28 managers exited
Top five by prior-quarter value
- WOLVERINE TRADING, LLC$841.4K
- Cubist Systematic Strategies, LLC$538.2K
- Invesco Ltd.$520.7K
- Connective Capital Management, LLC$401.6K
- Centiva Capital, LP$323.1K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for SNDL against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.