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Sundial Growers
SNDL

130 hedge funds and large institutions have $151M invested in Sundial Growers in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 29 increasing their positions, 31 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more capital invested

Capital invested by funds: $50.8M → $151M (+$101M)

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

5.66% more ownership

Funds ownership: 16.31% → 21.97% (+5.7%)

2% more funds holding

Funds holding: 128 → 130 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 31

13% less call options, than puts

Call options by funds: $9.39M | Put options by funds: $10.8M

Holders
130
Holders Change
+2
Holders Change %
+1.56%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
27
Increased
29
Reduced
31
Closed
22
Calls
$9.39M
Puts
$10.8M
Net Calls
-$1.46M
Net Calls Change
+$1.4M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$17.2M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$8.14M
3
AI
AdvisorShares Investments
Maryland
+$4.43M
4
Citadel Advisors
Citadel Advisors
Florida
+$4.38M
5
JP Morgan Chase
JP Morgan Chase
New York
+$3.77M

Top Sellers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$9.74M
2
Millennium Management
Millennium Management
New York
-$3.79M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.73M
4
TI
Tidal Investments
Wisconsin
-$2.38M
5
Group One Trading
Group One Trading
Illinois
-$659K
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
51
Squarepoint
New York
$154K -$110K -54,779 -49%
UBS Group
52
UBS Group
Switzerland
$151K +$68.8K +34,271 +155%
Connor, Clark & Lunn Investment Management (CC&L)
53
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$149K +$69.3K +34,515 +162%
Two Sigma Advisers
54
Two Sigma Advisers
New York
$141K -$11K -5,500 -9%
OAC
55
OMERS Administration Corp
Ontario, Canada
$137K +$103K +51,100 New
Vontobel Holding
56
Vontobel Holding
Switzerland
$113K +$84.7K +42,223 New
Corient Private Wealth
57
Corient Private Wealth
Florida
$110K +$22.1K +11,000 +37%
LPL Financial
58
LPL Financial
California
$101K +$17.9K +8,915 +31%
Commonwealth Equity Services
59
Commonwealth Equity Services
Massachusetts
$98K -$12.5K -6,238 -15%
SS
60
SBI Securities
Japan
$94.4K -$2.88K -1,433 -4%
SC
61
Scotia Capital
Ontario, Canada
$79.4K +$8.19K +4,078 +15%
Citigroup
62
Citigroup
New York
$79K +$59.2K +29,488 New
CG
63
Caprock Group
Idaho
$67K +$50.2K +25,000 New
HCM
64
Hilton Capital Management
New York
$66K – – –
BCM
65
Bayesian Capital Management
New York
$60.6K +$45.4K +22,600 New
XT
66
XTX Topco
Cayman Islands
$56.9K -$98.3K -48,984 -70%
JWM
67
Jeppson Wealth Management
California
$53.6K – – –
EC
68
EntryPoint Capital
New York
$49K +$2.85K +1,420 +8%
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$47.7K +$11.7K +5,825 +49%
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$47.4K +$1.31K +654 +4%
Wolverine Trading
71
Wolverine Trading
Illinois
$43.8K -$3.68K -1,833 -10%
EH
72
Equitable Holdings
New York
$37.9K -$17.5K -8,700 -38%
Mariner
73
Mariner
Kansas
$35.7K +$26.7K +13,323 New
PI
74
PFG Investments
New York
$34.8K – – –
RWM
75
Revisor Wealth Management
Ohio
$33.5K – – –
1 2
3
4 5

SNDL Hedge Fund Activity: Q3 2025 in Review

130 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Sundial Growers (SNDL) for Q3 2025, worth a combined $151M — up 198% from $50.8M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new SNDL positions and 22 closed out — a net gain of 5 holders — while 29 added to existing stakes and 31 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $17.2M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $9.74M.

  • 130 institutional investors held Sundial Growers (SNDL) as of Q3 2025, up from 128 in Q2 2025.
  • Funds reported $151M of Sundial Growers stock for Q3 2025, up 198% quarter-over-quarter.
  • 27 funds opened new Sundial Growers positions in Q3 2025 and 22 closed out, a net change of +5 holders.
  • The largest Sundial Growers buyer in Q3 2025 was Morgan Stanley, an estimated $17.2M added.
  • The largest Sundial Growers seller in Q3 2025 was BNP Paribas Financial Markets, an estimated $9.74M sold.

Based on aggregated 13F filings for Q3 2025.