Rokos Capital Management 13F: Cuts Sandisk (SNDK) Stake by $49M

Rokos Capital Management has reduced its stake in Sandisk Corporation (NasdaqGS: SNDK) by 28%. The firm sold 22,335 shares, leaving it with 57,063 shares valued at about $112.9 million, according to its latest 13F filing with the SEC for the period ending March 31, 2026.

What Changed in Rokos Capital Management's Sandisk Position

Rokos Capital Management trimmed its Sandisk holdings from 79,398 shares to 57,063 shares, a decrease of 22,335 shares or 28%. The position is now valued at approximately $112.9 million. This reduction reflects a notable shift in the firm's investment strategy regarding Sandisk.

Other Institutional Activity in Sandisk

FMR LLC also reduced its Sandisk position significantly, selling 8,076,300 shares to hold 13,389,985 shares, valued at about $8.5 billion. In contrast, BlackRock, Inc. added 779,039 shares, bringing its total to 10,403,455 shares worth approximately $6.6 billion. Vanguard Capital Management LLC established a position with 9,526,119 shares valued at around $6.05 billion. State Street Corp increased its holdings by 292,330 shares to a total of 5,573,852 shares, valued at $3.54 billion. Geode Capital Management, LLC added 556,912 shares, ending with 4,212,772 shares worth $2.67 billion.

Sandisk Corporation Stock Up 57.1%

Shares of Sandisk Corporation (NasdaqGS: SNDK) traded near $1,979. The company boasts a market cap of $293.2 billion, with a P/E ratio of 67.6 and a forward P/E of 10.8. Sandisk has a 52-week low of $40.10 and a high of $2,021.65. The stock's 50-day moving average is $1,293.36, while the 200-day moving average is $573.06. Sandisk's financial health is strong, with a current ratio of 4.78 and a quick ratio of 3.43.

Recent Earnings

Sandisk reported revenue of $13.18 billion, reflecting growth of 2.51%. The company's net margin stood at 34.2%, with a return on equity of 39.3%. Its earnings per share (EPS) was $29.31. The next earnings report is scheduled for August 24, 2026.

Insider Buying and Selling at Sandisk Corporation

Several insiders have sold shares recently. On June 3, 2026, Chief Legal Officer Bernard Shek sold 600 shares at an average price of $1,736 under a planned sale. EVP and CTO Alper Ilkbahar sold 2,694 shares on June 2, 2026, and 2,000 shares on June 1, 2026. Chairman and CEO David Goeckeler sold 1,569 shares at $1,478.69 on May 25, 2026. These transactions were not part of a planned sale.

Analysts Set New Price Targets

On June 8, 2026, Mizuho maintained its 'buy' rating on Sandisk with a price target of $2,200. B of A Securities also kept its 'buy' rating, setting a target at $2,100. Cantor Fitzgerald maintained a 'buy' rating with a target of $2,900. Morgan Stanley, on June 3, 2026, maintained a 'buy' rating with a $1,750 target. Susquehanna set a high target of $3,250 on May 29, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $1,751.32 based on 22 opinions.

About Sandisk Corporation

Sandisk Corporation, based in Milpitas, California, is a leader in the technology sector, specifically in computer hardware. The company develops and sells data storage devices using NAND flash technology. Its products include solid-state drives for computers and gaming consoles, as well as flash storage for mobile and industrial applications. Sandisk serves a wide range of customers globally, including computer manufacturers, data centers, and cloud service providers. Led by CEO David V. Goeckeler, the company employs about 11,000 people.

Bottom Line

Rokos Capital Management's decision to cut its Sandisk holdings by 28% is a significant move that investors will watch closely. The 13F filings provide a backward-looking snapshot of institutional positions, offering insights into investment strategies. Sandisk's strong market position and analyst optimism suggest continued interest from investors.