Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SANG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | PenderFund Capital Management Ltd. | 2.8M | $11.1M | -0.0% | 8.492% | 1.74% |
| 2 | Alberta Investment Management Corp | 766K | $3.0M | — | 2.307% | 0.02% |
| 3 | INTACT INVESTMENT MANAGEMENT INC. | 717K | $2.8M | +10.0% | 2.160% | 0.08% |
| 4 | Ewing Morris & Co. Investment Partners Ltd. | 668K | $2.6M | +35.3% | 2.012% | 1.18% |
| 5 | PPM AMERICA INC/IL | 689K | $2.6M | 0.0% | 2.073% | 15.72% |
| 6 | TD Waterhouse Canada Inc. | 457K | $1.7M | +1.0% | 1.376% | 0.01% |
| 7 | Connor, Clark & Lunn Investment Management Ltd. | 235K | $925K | -16.3% | 0.707% | 0.00% |
| 8 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 172K | $677K | -0.8% | 0.517% | 0.00% |
| 9 | NATIONAL BANK OF CANADA /FI/ | 97K | $379K | -2.9% | 0.293% | 0.00% |
| 10 | ROYAL BANK OF CANADA | 60K | $234K | -41.9% | 0.182% | 0.00% |
| 11 | BARD ASSOCIATES INC | 60K | $232K | -3.2% | 0.180% | 0.06% |
| 12 | GOLDMAN SACHS GROUP INC | 35K | $135K | — | 0.105% | 0.00% |
| 13 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 24K | $91K | -5.6% | 0.072% | 0.00% |
| 14 | MORGAN STANLEY | 20K | $77K | +0.5% | 0.060% | 0.00% |
| 15 | CITADEL ADVISORS LLC | 13K | $48K | -2.2% | 0.038% | 0.00% |
| 16 | Legacy Advisors, LLC | 10K | $39K | 0.0% | 0.030% | 0.00% |
| 17 | Tower Research Capital LLC (TRC) | 3K | $13K | +310.1% | 0.010% | 0.00% |
| 18 | Federation des caisses Desjardins du Quebec | 2K | $7K | +36.1% | 0.005% | 0.00% |
| 19 | UBS Group AG | 212 | $823 | -28.6% | 0.001% | 0.00% |
| 20 | CLARET ASSET MANAGEMENT Corp | 167K | $659 | +0.0% | 0.503% | 0.08% |
| 21 | ACADIAN ASSET MANAGEMENT LLC | 165K | $639 | +7.2% | 0.495% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SANG — a direct measure of their conviction.
Filings activity in SANG during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 21 | +5.0% | 22.32% | 2.45 pp | $27M | 9.9% |
| Q4 2025 | 20 | +5.3% | 24.77% | +1.17 pp | $30M | +4.9% |
| Q3 2025 | 19 | 17% | 23.60% | 8.14 pp | $28M | 26% |
| Q2 2025 | 23 | +0.0% | 31.74% | 2.67 pp | $38M | 7.8% |
| Q1 2025 | 23 | 4.2% | 34.41% | 18.77 pp | $41M | 35% |
| Q4 2024 | 24 | 7.7% | 53.18% | +19.55 pp | $64M | +58% |
| Q3 2024 | 26 | +13% | 33.63% | 57.27 pp | $40M | 63% |
| Q2 2024 | 23 | — | 90.90% | — | $109M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SANG stock.
Based on Q1 2026 13F filings, institutional ownership of Sangoma Technologies Corporation stands at 22.3%, held across 21 reporting institutions.
PenderFund Capital Management Ltd. is the largest reported institutional holder of SANG, with approximately 2,820,933 shares worth $0.01B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of SANG, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for SANG is 50 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
2 institutions opened new positions in SANG during Q1 2026, while 1 fully exited. 3 added to existing positions and 16 trimmed.
SANG institutional ownership fell by 2.45 percentage points quarter-over-quarter, with a net change of +1 holders.
The top 10 institutions account for 97.6% of all reported 13F value in SANG, and the top 25 account for 100.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Sangoma Technologies Corporation (SANG) Institutional Ownership