Who owns SNDA (SNDA)
Which tracked institutional funds hold SNDA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SNDA company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SNDA is one-sided between 2025-Q4 and 2026-Q1: 71 added or opened and 9 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SNDA’s largest tracked holder by dollar value, Conversant Capital LLC, sizes it at 63.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 63.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SNDA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 230 tracked filers holding SNDA, 204 increased or opened the position and 24 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SNDA between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 53
- Capital International Investors$56M
- VANGUARD CAPITAL MANAGEMENT LLC$12M
- JANE STREET GROUP, LLC$9M
- LuminArx Capital Management LP$8M
- DigitalBridge Group, Inc.$7M
- RUSH ISLAND MANAGEMENT, LP$7M
Full exits 4
- VANGUARD GROUP INC$12M
- Alyeska Investment Group, L.P.$9M
- Davidson Kempner Capital Management LP$5M
- Militia Capital Partners, LP$977K
Largest adds
- Conversant Capital LLC$169M
- Irenic Capital Management LP$36M
- J. Goldman & Co LP$12M
- MORGAN STANLEY$4M
- CITADEL ADVISORS LLC$3M
- Obion Capital Management LP$2M
Largest trims
- Tyro Capital Management LLC$17M
- Hazelview Securities Inc.$3M
- Arbiter Partners Capital Management LLC$1M
- BlackRock, Inc.$790K
- Solas Capital Management, LLC$475K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Conversant Capital LLC added | 14,605,874 | $471M | 54.4% | 2026-Q1 |
| Capital International Investors new | 1,743,572 | $56M | 6.5% | 2026-Q1 |
| Irenic Capital Management LP added | 1,219,747 | $39M | 4.5% | 2026-Q1 |
| Hazelview Securities Inc. trimmed | 668,647 | $22M | 2.5% | 2026-Q1 |
| J. Goldman & Co LP added | 550,676 | $18M | 2.1% | 2026-Q1 |
| Solas Capital Management, LLC trimmed | 445,879 | $14M | 1.7% | 2026-Q1 |
| BlackRock, Inc. trimmed | 424,510 | $14M | 1.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 363,741 | $12M | 1.4% | 2026-Q1 |
| Clayton Partners LLC added | 311,076 | $10M | 1.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 273,428 | $9M | 1.0% | 2026-Q1 |
| Obion Capital Management LP added | 268,793 | $9M | 1.0% | 2026-Q1 |
| LuminArx Capital Management LP new | 258,750 | $8M | 1.0% | 2026-Q1 |
| Emmett Investment Management, LP added | 234,824 | $8M | 0.9% | 2026-Q1 |
| DigitalBridge Group, Inc. new | 226,400 | $7M | 0.8% | 2026-Q1 |
| RUSH ISLAND MANAGEMENT, LP new | 218,171 | $7M | 0.8% | 2026-Q1 |
| GARNET EQUITY CAPITAL HOLDINGS, INC. new | 191,928 | $6M | 0.7% | 2026-Q1 |
| MAKENA CAPITAL MANAGEMENT LLC | 185,000 | $6M | 0.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 159,830 | $5M | 0.6% | 2026-Q1 |
| Arbiter Partners Capital Management LLC trimmed | 152,231 | $5M | 0.6% | 2026-Q1 |
| MORGAN STANLEY added | 142,996 | $5M | 0.5% | 2026-Q1 |
| STATE STREET CORP added | 140,189 | $5M | 0.5% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 134,776 | $4M | 0.5% | 2026-Q1 |
| CenterBook Partners LP added | 131,971 | $4M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 127,066 | $4M | 0.5% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. new | 122,530 | $4M | 0.5% | 2026-Q1 |
| LPL Financial LLC new | 123,331 | $4M | 0.5% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 118,701 | $4M | 0.4% | 2026-Q1 |
| BlueCrest Capital Management Ltd new | 89,909 | $3M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC new | 89,212 | $3M | 0.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 85,668 | $3M | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 74,080 | $2M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC new | 72,095 | $2M | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 61,942 | $2M | 0.2% | 2026-Q1 |
| UBS Group AG added | 59,927 | $2M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 54,985 | $2M | 0.2% | 2026-Q1 |
| EverSource Wealth Advisors, LLC new | 6,561 | $2M | 0.2% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 50,614 | $2M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 50,359 | $2M | 0.2% | 2026-Q1 |
| Manatuck Hill Partners, LLC new | 50,000 | $2M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 49,436 | $2M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. new | 45,513 | $1M | 0.2% | 2026-Q1 |
| FJ Capital Management LLC new | 45,472 | $1M | 0.2% | 2026-Q1 |
| Quadrature Capital Ltd new | 43,669 | $1M | 0.2% | 2026-Q1 |
| Tyro Capital Management LLC trimmed | 36,451 | $1M | 0.1% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 35,700 | $1M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers new | 33,813 | $1M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 34,674 | $1M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC new | 32,136 | $1M | 0.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 32,107 | $1M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 30,100 | $971K | 0.1% | 2026-Q1 |
| XTX Topco Ltd new | 29,848 | $963K | 0.1% | 2026-Q1 |
| Eversept Partners, LP added | 28,437 | $917K | 0.1% | 2026-Q1 |
| BYRNE FINANCIAL FREEDOM, LLC new | 27,385 | $883K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 27,051 | $873K | 0.1% | 2026-Q1 |
| NorthRock Partners, LLC new | 26,876 | $867K | 0.1% | 2026-Q1 |
| Capital Management Associates, Inc new | 26,434 | $852K | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. new | 26,422 | $852K | 0.1% | 2026-Q1 |
| Fisher Asset Management, LLC new | 25,169 | $812K | 0.1% | 2026-Q1 |
| Creative Planning new | 25,118 | $810K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC added | 24,936 | $804K | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 22,162 | $715K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC added | 21,856 | $705K | 0.1% | 2026-Q1 |
| BlueStem Wealth Partners, LLC new | 21,613 | $697K | 0.1% | 2026-Q1 |
| Pekin Hardy Strauss, Inc. new | 20,695 | $667K | 0.1% | 2026-Q1 |
| Gaddis Premier Wealth Advisors LLC new | 20,366 | $657K | 0.1% | 2026-Q1 |
| COBALT CAPITAL MANAGEMENT, INC. new | 20,328 | $656K | 0.1% | 2026-Q1 |
| EntryPoint Capital, LLC new | 19,986 | $645K | 0.1% | 2026-Q1 |
| BlueChip Wealth Advisors LLC new | 19,726 | $636K | 0.1% | 2026-Q1 |
| Merit Financial Group, LLC new | 19,613 | $633K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC new | 19,523 | $630K | 0.1% | 2026-Q1 |
| Sovran Advisors, LLC new | 16,477 | $625K | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 18,165 | $586K | 0.1% | 2026-Q1 |
| Militia Capital Management LLC new | 17,854 | $576K | 0.1% | 2026-Q1 |
| Prescott Group Capital Management, L.L.C. | 17,604 | $568K | 0.1% | 2026-Q1 |
| Hudson Bay Capital Management LP new | 17,174 | $554K | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 17,037 | $549K | 0.1% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT new | 16,899 | $545K | 0.1% | 2026-Q1 |
| Destiny Wealth Partners, LLC new | 16,592 | $535K | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 16,107 | $519K | 0.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 16,090 | $519K | 0.1% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 15,871 | $512K | 0.1% | 2026-Q1 |
| HighPoint Advisor Group LLC new | 15,665 | $505K | 0.1% | 2026-Q1 |
| Gateway Wealth Partners, LLC new | 15,226 | $491K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance new | 15,041 | $485K | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP trimmed | 14,443 | $466K | 0.1% | 2026-Q1 |
| Proficio Capital Partners LLC added | 14,047 | $453K | 0.1% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC new | 13,367 | $431K | 0.0% | 2026-Q1 |
| WealthPlan Investment Management, LLC new | 12,878 | $415K | 0.0% | 2026-Q1 |
| CWM, LLC added | 12,522 | $404K | 0.0% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC new | 12,014 | $387K | 0.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 11,923 | $385K | 0.0% | 2026-Q1 |
| Cannon Wealth Management Services, LLC new | 11,913 | $384K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 373,557 | $12M | 1.4% | 2025-Q4 stale |
| Gotham Asset Management, LLC added | 237,422 | $11M | 1.2% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. trimmed | 288,865 | $9M | 1.1% | 2025-Q4 stale |
| Davidson Kempner Capital Management LP new | 166,666 | $5M | 0.6% | 2025-Q4 stale |
| NICOLA WEALTH MANAGEMENT LTD. trimmed | 54,977 | $1M | 0.2% | 2025-Q2 stale |
| State of Wyoming trimmed | 39,205 | $978K | 0.1% | 2025-Q2 stale |
| Militia Capital Partners, LP added | 29,954 | $977K | 0.1% | 2025-Q4 stale |
| Sandia Investment Management LP | 12,612 | $411K | 0.0% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.