Splunk Inc (SPLK) Making Big Gains After Reporting Strong Quarterly Results

What does the smart money think about Splunk Inc (NASDAQ:SPLK)?

Let us find out the latest hedge fund activity surrounding Splunk Inc (NASDAQ:SPLK). Columbus Circle Investors, led by Donald Chiboucis, was the largest shareholder in our database at the end of the second quarter, holding 1.41 million shares worth $98.24 million. John Burbank’s Passport Capital was another investment firm holding a large position in the company, with 777,190 shares valued at $54.11 million. Pine River Capital Management and Polar Capital are other hedge funds having equity positions in Splunk Inc (NASDAQ:SPLK), owning 713,463 shares and 358,520 shares, respectively.

Among the hedge funds initiating new positions in Splunk Inc (NASDAQ:SPLK), Tiger Global Management LLC, led by Chase Coleman, topped the list, with 1.09 million shares holding a market value of $75.91 million. Criterion Capital, led by Christopher Lord, was another firm initiating an equity position, of 606,117 shares valued at $42.20 million. Some hedge funds disposed of their entire stakes in Splunk Inc (NASDAQ:SPLK) during the second quarter instead, including Millennium Management and Visium Asset Management.

The hedge funds had a neutral to slightly bearish sentiment for Splunk Inc (NASDAQ:SPLK). Couple with heavy insider selling, we would not recommend investors to initiate new positions at the moment.

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