BlackRock’s third-quarter 2025 investor letter for BlackRock Science and Technology Term Trust is available for download. The fund returned 10.1% on market price and 11.6% on net asset value in Q3. Top holdings include Sandisk Corporation (NASDAQ:SNDK), which saw a one-month return of 18.94% and closed at $244.25 per share on December 29, 2025.

In its investor letter, BlackRock highlighted Sandisk Corporation’s performance amid trade tensions and tariffs affecting the tech sector. Sector allocation to semiconductors and hardware subsectors impacted relative performance. Sandisk Corporation (NASDAQ:SNDK) is not among the 30 most popular stocks among hedge funds, with 61 holding it at the end of Q3.

JPMorgan’s overweight rating for SAP SE (SAP) reflects optimism driven by the company’s strategic pivot. Sandisk Corporation (NASDAQ:SNDK) saw increased hedge fund interest in Q3. While Sandisk Corporation (NASDAQ:SNDK) has investment potential, AI stocks may offer greater upside potential with less downside risk. Explore opportunities in undervalued AI stocks benefiting from current economic trends.

Read more at Yahoo Finance: Here’s Why Sandisk Corporation (SNDK) is on Detractor’s List of BlackRock Science and Technology Term Trust