Polen Capital, an investment management company, released its second-quarter 2026 investor letter for “Polen 5Perspectives Small-Mid Growth Strategy”. A copy of the letter can be downloaded here. Polen 5Perspectives Small-Mid Growth Composite Portfolio returned 28.4% gross and 28.2% net of fees, respectively, compared to the 24.0% return of the Russell 2500 Growth Index. Markets rebounded strongly during the quarter as concerns over economic growth, trade policy, and the durability of AI investment eased, helping SMID-cap growth stocks deliver one of their strongest quarterly performances in the past 25 years. The firm highlighted that continued investment by hyperscalers and enterprise customers reinforced confidence in the AI infrastructure cycle, while growing electricity demand supported opportunities across power generation, grid infrastructure, and electrification. Aerospace and defense modernization also remained key long-term secular growth themes. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Polen 5Perspectives Small-Mid Growth Strategy highlighted Sandisk Corporation (NASDAQ:SNDK). Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology. On July 21, 2026, Sandisk Corporation (NASDAQ:SNDK) closed at $1,589.40 per share. One-month return of Sandisk Corporation (NASDAQ:SNDK) was -15.82% and its shares gained 3,647.95% over the past 52 weeks. Sandisk Corporation (NASDAQ:SNDK) has a market capitalization of $235.37 billion.
Polen 5Perspectives Small-Mid Growth Strategy stated the following regarding in its Q2 2026 investor letter:
“Sandisk Corporation (NASDAQ:SNDK) is a provider of NAND flash memory and storage solutions serving consumer, enterprise and cloud computing markets. Shares outperformed during the quarter as improving pricing dynamics across the memory market and growing demand from AI-related infrastructure increased investor confidence in the company’s earning outlook. As supply and demand conditions continued to normalise, the market became more constructive on the sustainability of the industry’s recovery and Sandisk’s positioning to potentially benefit from higher storage demand.”
Sandisk Corporation (NASDAQ:SNDK) is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 114 hedge fund portfolios held Sandisk Corporation (NASDAQ:SNDK) at the end of the first quarter which was 75 in the previous quarter. While we acknowledge the risk and potential of Sandisk Corporation (NASDAQ:SNDK) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Sandisk Corporation (NASDAQ:SNDK) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered (NASDAQ:SNDK) and shared a bullish thesis on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
