splunk-1

Top 10 Series: Splunk

Jason Myhre
May 15, 2019 | 3 min read

 splunk_logo

Company Name: Splunk
Weight: 3.34% of Eventide Gilead (#3 of top 10 holdings)
Theme: Big Data, Business Intelligence, IoT

Businesses today have so much data at their disposal. These data hold the answers to what’s working and what’s not. By understanding their data, companies can be nimble and dynamic; they can be smarter and more strategic. Big Data, Business Intelligence, IoTThe problem is wrangling this data and interpreting it. ‘Machine data’ (data that’s produced by software and electronic devices) is growing at a rate 50X that of traditional business data. In the aggregate, this can become what is known as ‘big data’ (on the order of terabytes, even petabytes of data). How can companies make sense of all of it?

Splunk is working on just that. Their name derives from ‘spelunking’ – the term for cave exploration – which offers a helpful metaphor. Their machine data software platform lets companies collect and then visualize these data so they can – like cave explorers – dive into the data to discover what’s there. Splunk is thus helping companies transition away from outmoded business decision-making based on gut, to modern data-driven decision-making that can lead to competitive advantage. Splunk's platform interprets big data for business intelligence and is trusted by 90 of the Fortune 100 companies. (Splunk is based in San Francisco, CA.)

Don't want to wait for the next post? To learn about all ten companies in this series, check out the Eventide Gilead Portfolio Impact Highlights here:

DOWNLOAD NOW

 


*A "Top 10" series is a series of articles based on top 10 holdings of a fund by weight.

Holdings percentages are based on net assets as of December 31, 2018, selected based on portfolio weight. The opinions expressed herein are those of the fund’s investment team as of December 31, 2018, and subject to change. Reliance upon the views expressed herein is at the sole discretion of the reader. Holdings can change at any time and should not be considered investment advice. Historical holdings are provided for informational purposes to help explain Eventide's values-based investment process.  Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.

Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The fund’s ethical values screening criteria could cause it to under perform similar funds that do not have such screening criteria. The fund can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. Companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. Companies in the Industrials sector carry various risks including, but not limited to, risk related to debt loads and intense competition. The fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks.

An investor should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA, which is not affiliated with Eventide Asset Management, LLC.

4688-NLD-5/14/2019

Topic(s): Stories

Jason Myhre
Jason Myhre

Jason serves as Director of Marketing at Eventide. He is responsible for leading Eventide’s brand strategy, marketing, and corporate communications.