Gf Fund Management 13F: Cuts Sandisk (SNDK) Stake by $428M

On October 26, 2026, Gf Fund Management cut its position in Sandisk Corporation (SNDK) by 245,955 shares, bringing its total to 79,727 shares valued at approximately $138.7 million. This information comes from the fund's latest Form 13F filing with the SEC.

Gf Fund Management's reduction reflects a 75.5% decrease in its stake. The fund's total reported value for Sandisk is now about $4.25 billion, with this position accounting for 3.26% of its overall portfolio and ranking 11th among its holdings.

SNDK Sandisk Corporation

$1,238.03 ▲ +349.80% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in Sandisk

Clear Street Group Inc. grew its holdings by 1,758,833 shares, ending with 2,983,392 shares valued at approximately $3.75 billion. Situational Awareness LP also increased its stake, adding 1,355,241 shares to reach a total of 2,495,344 shares worth about $3.13 billion.

Sandisk Corporation Stock Up 1.4%

Sandisk shares recently traded around $1,255.77, which is above the event close of $1,238.03 on October 23, 2026. However, the stock is trading well below its 52-week high of $2,354.39, showing a significant distance from its peak.

Recent Earnings

Sandisk reported a trailing twelve-month revenue of approximately $20.25 billion, with a year-over-year revenue growth of 371.6%. The company is set to announce its next earnings report on October 29, 2026.

Insider Buying and Selling at Sandisk Corporation

Several insiders sold shares recently. On September 8, 2026, Officer Bernard Shek sold 2,308 shares for about $4.08 million. CEO David V. Goeckeler sold 33,838 shares on September 14, 2026, totaling approximately $51.7 million. CFO Lomelin Luis Felipe Visoso sold 1,000 shares for about $1.57 million on September 15, 2026. Goeckeler also sold another 33,841 shares for around $53.3 million on September 17, 2026.

Analysts Set New Price Targets

On October 26, 2026, Cantor Fitzgerald maintained an Overweight rating on Sandisk with a price target of $2,200. Earlier, Mizuho had an Outperform rating with a target of $2,050 on October 6, 2026. The mean price target among analysts is $2,173, with 24 opinions supporting a buy recommendation.

About Sandisk

Sandisk Corporation develops and sells data storage devices and solutions using NAND flash technology. With a market cap of about $178.9 billion, it operates in the technology sector, particularly within computer hardware.

Bottom Line

Investors should keep an eye on Sandisk's upcoming earnings report on October 29, 2026, as well as any further filings from Gf Fund Management. The fund's significant reduction in shares raises questions about its future strategy in this stock.