Sandisk to join Nasdaq-100 on April 20, replacing Atlassian, prompting $600B fund inflows
Nasdaq-100 will add Sandisk on April 20, 2026, replacing Atlassian in its index composition. The change is poised to trigger institutional buying into QQQ and other products tracking the $600 billion-indexed assets under management.
1. Index Reshuffle Details
On April 20, 2026, Sandisk will replace Atlassian in the Nasdaq-100 index, reflecting Sandisk’s recent market cap expansion and its growing role in data storage and semiconductor segments.
2. Impact on ETF Flows
The inclusion is expected to drive substantial buying by passive funds tracking the Nasdaq-100, including the Invesco QQQ Trust and similar products, collectively representing $600 billion in assets under management.
3. Outlook for Atlassian
Atlassian’s exit may exert short-term selling pressure as index-tracking vehicles divest its shares, even as the company maintains leadership in collaboration software and navigates a challenging valuation backdrop.