undamentalytics Newsletter

Sndl Inc.: which funds bought and sold

Institutions that bought and sold Sndl shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 46 institutions that filed 13F reports for both quarters added to or opened positions in Sndl, and 46 cut or closed them. Together they sold a net 4.8M shares, −8.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.2M shares (−12.4%); index fund managers were net sellers of 18K shares (−1.9%). 15 opened a new position and 18 sold out entirely.

Bought, Q2 2026 46 institutions, 15 of them new holders Sold, Q2 2026 46 institutions, 18 of them sold out
Net change, all compared −4.8M shares (−8.9%)
Net change, active managers −1.2M shares (−12.4%), 4 bought, 9 sold

Buyers versus sellers

institutions compared, 121
Active managers and hedge funds 4 bought · 9 sold · −1.2M
Index fund managers 1 bought · 1 sold · −18K
Other institutions 41 bought · 36 sold · −3.5M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Jane Street Group, LLC +842K +260.2% 1.2M $1.6M
Goldman Sachs Group Inc +788K +66.7% 2.0M $2.7M
Renaissance Technologies LLC Hedge fund +450K +74.7% 1.1M $1.4M
Onedigital Investment Advisors LLC +370K +171.5% 585K $789,932
Susquehanna International Group, LLP +351K +22.5% 1.9M $2.6M
Citadel Advisors LLC Hedge fund +287K +15.3% 2.2M $2.9M
Ewing Morris & Co. Investment Partners Ltd. +180K +13.8% 1.5M $2M
Group One Trading LLC +162K +60.0% 432K $583,002
Connective Capital Management, LLC +96K New position 96K $129,136
Aquatic Capital Management LLC +86K +330.4% 113K $152,088
Man Group PLC Hedge fund +81K +9.8% 909K $1.2M
Magnus Financial Group LLC +61K +36.3% 229K $309,482
CIBC World Market Inc. +55K New position 55K $74,439
Simplex Trading, LLC +45K +11.2% 443K $597,613
Citigroup Inc +43K +187465.2% 43K $58,239
Stonex Group Inc. +33K New position 33K $46,236
Mariner, LLC +28K New position 28K $37,470
Leonteq Securities AG +24K +24.2% 122K $165,347
Axq Capital, LP +11K New position 11K $15,331
Pfs Partners, LLC +9,000 +100.0% 18K $24,300

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Advisorshares Investments LLC −3.1M −88.6% 401K $540,983
Morgan Stanley −1.2M −10.5% 10.2M $13.8M
Arrowstreet Capital, Limited Partnership Hedge fund −639K −21.3% 2.4M $3.2M
Qube Research & Technologies Ltd Hedge fund −636K −79.4% 165K $222,122
State Of Wyoming −480K −73.4% 174K $235,023
Cambria Investment Management, L.P. −353K Sold out 0 —
HRT Financial LP −232K Sold out 0 —
UBS Group AG −196K −46.0% 229K $309,798
Lazard Asset Management LLC Active manager −186K −17.7% 864K $1.2M
Tidal Investments LLC −176K −3.2% 5.3M $7.2M
Xtx Topco Ltd −171K −65.7% 89K $120,509
Engineers Gate Manager LP Hedge fund −150K Sold out 0 —
Algert Global LLC Hedge fund −137K Sold out 0 —
Jpmorgan Chase & Co −136K −9.7% 1.3M $1.7M
Quadrature Capital Ltd Hedge fund −128K −51.9% 119K $160,398
Mirae Asset Global Etfs Holdings Ltd. −125K −5.6% 2.1M $2.9M
Millennium Management LLC Hedge fund −124K −42.2% 170K $228,938
Cannell Capital LLC −122K −1.4% 8.6M $11.7M
Virtu Financial LLC −91K Sold out 0 —
Gsa Capital Partners LLP −54K −15.9% 285K $385,000

New positions

largest by value
InstitutionSharesValue June 30, 2026
Connective Capital Management, LLC 96K $129,136
CIBC World Market Inc. 55K $74,439
Stonex Group Inc. 33K $46,236
Mariner, LLC 28K $37,470
Axq Capital, LP 11K $15,331
Quarry LP 940 $1,269
Wells Fargo & Company 500 $675
Activest Wealth Management 200 $270
Ameritas Advisory Services, LLC 180 $243
Cape Investment Advisory, Inc. 92 $124

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Cambria Investment Management, L.P. 353K $465,751
HRT Financial LP 232K $305,000
Engineers Gate Manager LPHedge fund 150K $197,888
Algert Global LLCHedge fund 137K $180,220
Virtu Financial LLC 91K $121,000
Alphacore Capital LLC 35K $46,068
Corient Private Wealth LP 30K $39,618
Scotia Capital Inc. 22K $28,621
Private Advisor Group, LLC 21K $27,680
Entrypoint Capital, LLC 18K $24,118

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
105
Ten largest holders
76.6%
of 13F-reported shares
Index fund managers
1.9%
of 13F-reported shares
Active managers and hedge funds
17.8%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 4 9 0 2 −1.2M −12.4%
Index fund managers 1 1 0 0 −18K −1.9%
Other institutions 41 36 15 16 −3.5M −8.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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