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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
RCM
101
Ravenstone Capital Management
$1.01K – – –
Carson Wealth (CWM LLC)
102
Carson Wealth (CWM LLC)
Nebraska
$1K +$68 +34 +21%
CIBC Private Wealth Group
103
CIBC Private Wealth Group
Georgia
$777 – – –
CYG
104
Clean Yield Group
Vermont
$595 – – –
HNB
105
Hilltop National Bank
Wyoming
$536 – – –
ASN
106
Advisory Services Network
Georgia
$536 +$401 +200 New
NEWAS
107
N.E.W. Advisory Services
Wisconsin
$536 +$401 +200 New
PWMG
108
Prestige Wealth Management Group
New Jersey
$491 -$132 -66 -27%
AssetMark Inc
109
AssetMark Inc
California
$362 +$271 +135 New
APW
110
Aventura Private Wealth
Florida
$348 – – –
ADL
111
Asset Dedication LLC
California
$268 – – –
DWM
112
Darwin Wealth Management
Florida
$268 – – –
PA
113
Pineridge Advisors
Missouri
$268 – – –
National Bank of Canada
114
National Bank of Canada
Quebec, Canada
$263 -$35.6K -17,759 -99%
CIA
115
Cape Investment Advisory
Georgia
$247 – – –
PMFA
116
Plante Moran Financial Advisors
Michigan
$161 – – –
SWIM
117
Smallwood Wealth Investment Management
New Jersey
$134 – – –
WANY
118
Wealthspire Advisors (New York)
New York
$134 +$100 +50 New
FF
119
Friedenthal Financial
New Jersey
$81 – – –
PTC
120
Private Trust Company
Ohio
$70 – – –
AA
121
Addison Advisors
Vermont
$54 – – –
GPFA
122
Game Plan Financial Advisors
Ohio
$54 – – –
QWM
123
Quaker Wealth Management
New Jersey
$54 – – –
VCM
124
Versant Capital Management
Arizona
$54 – – –
FP
125
Financial Perspectives
Minnesota
$43 – – –
3 4
5
6 7

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.