Sndl Inc (SNDL) 13F Positioning & Ownership Changes (Q2 2026)

SNDL ranks #4444 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

SNDL is a disclosed holding of Ken Griffin (Citadel Advisors LLC), one of the tracked superinvestors on AlphaSMO — it makes up 0.0% of that fund's own 13F portfolio.

SNDL is a top-conviction position for Cannell Capital LLC — at 7.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in SNDL belongs to Morgan Stanley, but the position matters far more to Cannell Capital LLC, who has 7.8% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Man Group plc has added to its SNDL position for two straight quarters, increasing it by $347.4K to reach $1.2M today.

Morgan Stanley has trimmed its SNDL position for two straight quarters, cutting it by $6.8M while still holding $13.8M.

SNDL is up 4.4% today, but institutions show net selling of $4.7M this quarter — a divergence between today's price move and the underlying institutional flow.

SNDL reported a net loss of $372.4M in its latest fiscal year.

• Not yet profitable — net loss of $372.4M in the latest fiscal year
• Revenue grew 1168.9% year over year
• Net income declined year over year, from -$226.8M to -$372.4M
• Operating cash flow was negative, using $0.0 in cash
• Current ratio of 5.61x — enough short-term assets to cover short-term liabilities
• Liabilities run 0.18x equity — within a conventional range