Highland Capital Management 13F: New $3.5M Stake in SNDK

Highland Capital Management disclosed a new position in Sandisk Corporation (SNDK) on October 26, 2026, taking 2,020 shares valued at approximately $3.5 million. This information comes from the fund's latest Form 13F filing with the SEC.

SNDK Sandisk Corporation

$1,238.03 ▲ +349.80% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Highland Capital's Sandisk Position

Highland Capital Management opened a new position in Sandisk, acquiring 2,020 shares. The reported value of this stake is about $3.5 million, representing 0.42% of the fund's total reported value of $833 million, ranking it 25th among the fund's holdings.

Where Sandisk Fits in Highland Capital's Portfolio

This new position in Sandisk is a relatively small addition to Highland's overall portfolio, making up 0.42% of its total holdings.

Other Institutional Activity in Sandisk

On the same day, other funds also made moves in Sandisk. Ag2R la Mondiale Gestion D'Actifs opened a new position with 7,061 shares valued at about $12.3 million. Tokio Marine Asset Management also took a new position with 5,773 shares, worth approximately $10 million. Meanwhile, Gf Fund Management cut its stake by 245,955 shares, bringing its total to 79,727 shares valued at about $138.7 million.

Sandisk Corporation Stock Up 1.4%

Sandisk shares are currently trading around $1,255.77, which is about equal to the closing price of $1,255.58 on October 26, 2026. The stock is below its 50-day moving average by about 20.8% but is above its 200-day average by about 1.2%. Compared to its 52-week high of $2,354.39, the stock is down about 46.7%, but it remains significantly above its 52-week low of $164.56.

Recent Earnings

Sandisk reported trailing twelve-month revenue of about $20.2 billion, with a net margin of 56.5% and a return on equity of 91.6%. The next earnings report is scheduled for October 29, 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. Analysts generally favor Sandisk, reflected in a consensus buy rating and a mean price target of $2,143.83 based on 24 opinions.

About Sandisk

Sandisk Corporation, headquartered in Milpitas, California, develops and sells data storage devices and solutions using NAND flash technology. It serves customers across the Americas, Europe, the Middle East, Africa, and Asia.

Bottom Line

Investors should keep an eye on Sandisk's upcoming earnings report on October 29, 2026, as well as any further filings from Highland Capital Management regarding their new position. This new stake adds to the growing interest from various institutional investors in Sandisk.