Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track more than 700 prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile gigantic failures like hedge funds’ recent losses in Valeant. Let’s take a closer look at what the funds we track think about Splunk Inc (NASDAQ:SPLK) in this article.
Splunk Inc (NASDAQ:SPLK) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 23 hedge funds’ portfolios at the end of the third quarter of 2015. At the end of this article we will also compare SPLK to other stocks including Pinnacle West Capital Corporation (NYSE:PNW), Aramark (NYSE:ARMK), and DENTSPLY International Inc. (NASDAQ:XRAY) to get a better sense of its popularity.
Now, we’re going to take a look at the new action regarding Splunk Inc (NASDAQ:SPLK).
Hedge fund activity in Splunk Inc (NASDAQ:SPLK)
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Criterion Capital, managed by Christopher Lord, holds the number one position in Splunk Inc (NASDAQ:SPLK). Criterion Capital has a $92.8 million position in the stock, comprising 3.2% of its 13F portfolio. The second most bullish fund manager is Columbus Circle Investors, which holds a $77.2 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Some other professional money managers that hold long positions consist of Chase Coleman’s Tiger Global Management LLC, Ken Griffin’s Citadel Investment Group and Brian Ashford-Russell and Tim Woolley’s Polar Capital.