What smart money is saying about Palantir Technologies
PLTR · Technology · Software - Infrastructure · Market cap $400.27B
4 funds in our archive have pitched Palantir Technologies — most recently Artisan Partners Global Opportunities Fund in September 2026.
Company profile
Palantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One such product is Palantir Gotham, a sophisticated software system that enables users to uncover hidden patterns within diverse datasets, from signals intelligence to confidential informant reports. Gotham also facilitates the seamless handover between analysts and operational personnel, helping operators strategize and execute real-world responses to threats pinpointed within the platform. The company also offers Palantir Foundry, a platform that revolutionizes organizational operations by providing a central data operating system, allowing individual users to integrate and analyze their essential data in one cohesive environment. Additionally, Palantir provides Apollo, a software solution for delivering applications and updates across an enterprise, enabling clients to deploy their software in virtually any setting. Its Palantir Artificial Intelligence Platform (AIP) offers unified access to open-source, self-hosted, and commercial large language models (LLMs). AIP excels at transforming both structured and unstructured data into LLM-understandable objects, converting an organization's actions and processes into practical tools for human operators and LLM-driven agents alike. Founded in 2003, Palantir Technologies Inc. maintains its headquarters in Denver, Colorado.
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20
Reported positions
10
Bought
1
Sold
39
Letters
Position history
Between Q4 2024 and Q3 2026, 20 fund letters reported a position in Palantir Technologies — 10 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 9 | 4 | 0 | 1 |
| Q2 2026 | 9 | 6 | 1 | 2 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q4 2024 | 1 | 0 | 0 | 0 |
Fund activity · 20 positions · 11 moves
- HoldsAcatisSeptember 2026
“Nvidia is still the third-largest equity position and conti- nues to do well. We still have small residual holdings in Palantir.”
Palantir Technologies - HoldsVision Capital FundSeptember 2026
“Fund Commentary. The top 5 QTD detractors were: Pro Medicus (PME), Tesla (TSLA), The Trade Desk (TTD), Nu (NU), and Wise (WISE). The top 5 QTD contributors were: Palantir (PLTR), CrowdStrike (CRWD), Shopify (SHOP), Cloudflare (NET), and Meta (META).”
Palantir Technologies - New positionJAG Capital Management Large Cap Growth StrategySeptember 2026
“Company Sector Palantir Information Technology Visa Financials Atlassian Information Technology Palantir (PLTR) is a leading data analytics and enterprise software company. We are re-establishing the position as US commercial revenue growth continues to accelerate as enterprises adopt the company’s industry-leading AI solutions.”
Palantir Technologies - September 2026
“We initiated a GardenSM position during the quarter as accelerating US commercial growth provided evidence that Palantir is benefiting from enterprises’ shift from experimenting with AI to deploying it in production, and we continued to add to it as our conviction increased.”
Palantir Technologies - September 2026
“we initiated a GardenSM position during the quarter as accelerating US commercial growth provided evidence that Palantir is benefiting from enterprises’ shift from experimenting with AI to deploying it in production, and we continued to add to it as our conviction increased.”
Palantir Technologies - AddedWCM Global Growth LimitedSeptember 2026
“Enterprise software companies Atlassian and Palantir Technologies were also added, along with Korea’s Samsung Electronics, as part of a deliberate shift towards a more balanced mix of AI exposures.”
Palantir Technologies - September 2026
“ Palantir Technologies Inc (PLTR), a leading provider of data integration and artificial intelligence software, was a top contributor during the quarter following strong operating results.”
Palantir Technologies - HoldsBlueBox Global Technology FundAugust 2026
Listed in BlueBox Global Technology Fund’s reported holdings.
Palantir Technologies - July 2026
“Nvidia has been in the portfolio since 2016, and Palantir since 2022 - long before artificial intelligence became the dominant market topic.”
Palantir Technologies - June 2026
“The most significant detractors from the Portfolio’s relative performance were Palantir Technologies, Lam Research (not owned), and Cameco.”
Palantir Technologies - AddedVision Capital FundJune 2026
“We had strong inflows in early Q2 from our largest investors (us included) seeking to take advantage of buying opportunities. We deployed some of that new capital to 10 of our existing positions (in alphabetical order): Cloudflare (NET), MercadoLibre (MELI), Meta (META), Nu (NU), Palantir (PLTR), Pro Medicus (PME), Sea Limited (SE), ServiceNow (NOW), Shopify (SHOP), and Zscaler (ZS).”
Palantir Technologies - June 2026
“Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.”
Palantir Technologies - New positionBrown Advisory Large-Cap Growth StrategyJune 2026
“During the quarter, we initiated positions in Arista Networks Inc (ANET), Palantir Technologies Inc (PLTR), and Viking Holdings (VIK), while exiting Autodesk Inc (ADSK) and DraftKings Inc (DKNG).”
Palantir Technologies - June 2026
“Palantir (-21%), a 0.4 point cost from a 1.3% average position, was the mirror image: a superb business attached to a valuation that had run ahead of it. First quarter revenue grew 85% year on year, with US commercial revenue up 133%, yet the shares gave back their spring gains in June as the market repriced its most expensive software names and European contract disputes added noise. Even after the fall the stock trades at more than 100 times earnings; nothing operational deteriorated, and we used the weakness to add modestly.”
Palantir Technologies - June 2026
“Palantir (-21%) is the only enterprise software company we own, precisely because it operates in the hardest to replicate part of the stack, but it could not escape the derating that swept the sector as the market repriced AI disruption risk. We acted on the weakness, roughly doubling our unit holding: forward deployed engineering and the AIP platform embed Palantir in customer operations in a way seat based software never achieved; we judge it a beneficiary of agents, not a casualty.”
Palantir Technologies - June 2026
“Palantir (-21%), a 0.4 point cost from a 1.3% average position, was the mirror image: a superb business attached to a valuation that had run ahead of it. First quarter revenue grew 85% year on year, with US commercial revenue up 133%, yet the shares gave back their spring gains in June as the market repriced its most expensive software names and European contract disputes added noise. Even after the fall the stock trades at more than 100 times earnings; nothing operational deteriorated, and we used the weakness to add modestly.”
Palantir Technologies - June 2026
“Palantir (-21%) is the only enterprise software company we own, precisely because it operates in the hardest to replicate part of the stack, but it could not escape the derating that swept the sector as the market repriced AI disruption risk. We acted on the weakness, roughly doubling our unit holding: forward deployed engineering and the AIP platform embed Palantir in customer operations in a way seat based software never achieved; we judge it a beneficiary of agents, not a casualty.”
Palantir Technologies - June 2026
“Portfolio Performance & Attribution During the second quarter of 2026, the Polen 5Perspectives Growth Opportunities Portfolio (the “Portfolio”) returned 25.16% net of fees compared to the 17.05% return of the Russell 3000 Growth Index (the “Index”). The top contributors to the Portfolio’s relative performance in the quarter were Bloom Energy, Advanced Micro Devices, and Nebius Group. Bloom Energy is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, “always-on” power at scale. Shares outperformed as a notable second-order effects of the AI buildout has been the growing need for dependable power generation outside the traditional grid. That backdrop, along with strong quarterly execution and a more constructive view on data center-related demand, supported the stock during the period. Advanced Micro Devices contributed meaningfully as investor appetite for AI infrastructure remained strong through much of the quarter. The company continued to benefit from enthusiasm around its role in data center CPUs1 and accelerators, while broader semiconductor leadership remained supported by expectations for sustained AI-related capital spending. In that environment, shares participated in the strong advance across much of the semiconductor complex. Nebius Group, a leading neocloud provider, was another notable contributor. The company is viewed by the market as a way to participate in expanding AI-related infrastructure and compute demand, and shares benefited as investors broadened their search for businesses tied to the increase in AI workloads beyond the largest platform companies. The stock’s move reflected both that thematic support and the market’s willingness during the period to reward emerging beneficiaries of the AI buildout. The most significant detractors from the Portfolio’s relative performance in the quarter were Fastly, BWX Technologies, and Palantir Technologies.”
Palantir Technologies - June 2025
“If Sector % of Portfolio Holding % of Portfolio Technology 29.26% AppLovin Corp. Class A 4.31% Financial Services 15.98% Palantir Technologies Inc. Class A 3.99%”
Palantir Technologies - HoldsIthaka groupDecember 2024
“Palantir Technologies Inc. (PLTR) From the front-lines of warzones to Fortune 500 enterprises, Palantir Technologies builds software to address high-level action items, respond to defense and security concerns, and improve organizational efficiency. The company offers a number of software products from data analysis and curation (Palantir Gotham and Foundry) to a cloud-based operations software (Apollo). The company rose to popularity, in part, due to several government contracts (~55% of revenues) arising from recent and continuous global conflicts. In addition to creating generative AI defense solutions for governments across the globe, commercial customers (~45% of revenues) have flocked to the company’s security and data analysis solutions to monitor and analyze business data and protect sensitive information. The stock’s meteoric rise in the quarter was due to a strong earnings report that beat Street expectations as well as investor excitement with regard to the company’s ability to further monetize its AI product across its growing customer base.”
Palantir Technologies
Also mentioned · 18
These funds discuss Palantir Technologies — as a competitor, benchmark or comparable — without disclosing a position in it.
- September 2026
“The largest relative detractors were ASML, W.W. Grainger, an underweight to Microsoft and not holding Palantir Technologies and CrowdStrike.”
Palantir Technologies - September 2026
“The largest detractors were ASML, TJX, underweights to Microsoft and Meta Platforms and not owning Palantir Technologies.”
Palantir Technologies - September 2026
“• Zeta Global (ZETA) – Zeta operates an AI-powered marketing cloud that helps large consumer brands acquire, retain, and grow customers using Zeta's proprietary consumer data. The stock rose +60%, contributing +216 basis points, after its 20th consecutive beat-and-raise quarter: revenue grew +44% and management raised 2026 guidance across the board. According to management, adoption of Athena, Zeta's AI agent, is accelerating, and the company's heaviest AI users are growing faster and retaining better than the rest of the base. Partnerships with Palantir (new), OpenAI and Snowflake broaden the opportunity beyond marketing.”
Palantir Technologies - MentionedHarding Loevner Global EquityAugust 2026
Named in a table in Harding Loevner Global Equity’s letter.
Palantir Technologies - August 2026
Named in a table in Harding Loevner Global Developed Markets Equity’s letter.
Palantir Technologies - MentionedO'Keefe Stevens NVIDIA StrategyJuly 2026
“With partners such as Palantir and Dell, we are enabling customers to stand up AI platforms in any country, region, or field environment where privacy, sovereignty, resilience, and control matter most.”
Palantir Technologies - June 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir.”
Palantir Technologies - MentionedBaron SMID Cap StrategyJune 2026
“Palantir (@PalantirTech). “Your AI sovereignty dictates your institution’s future...”
Palantir Technologies - MentionedMassif Capital Real Assets StrategyJune 2026
“Within days, Rio de Janeiro published a municipal model built on Alibaba’s Qwen, and a Japanese lab released a model marketed on the explicit promise of frontier capability without export-control risk. Even Palantir, a US defense contractor, advised its customers to pursue corporate “sovereignty” through open-weight models so they could control their fate (also notice the injection of geopolitical language into a corporate level discussion).”
Palantir Technologies - MentionedBaron SMID Cap ETFJune 2026
“Palantir (@PalantirTech).”
Palantir Technologies - MentionedVoss Value FundJune 2026
“ New management is going “all in” strategically on AI infrastructure and positioning Rackspace as the experts that will guide corporations on best practices in building (or rebuilding) their technological infrastructure in the age of AI. For instance, a strategic partnership with Palantir (who took a small stake in Rackspace recently) is a joint initiative whereby Rackspace and Palantir work in tandem to hand-hold customers in developing their AI strategy with Palantir providing their Foundry and AI Platform (AIP), with Rackspace providing the cloud backbone and jointly trained Forward Deployed Engineers (FDEs).”
Palantir Technologies - MentionedCopeland Capital Management Dividend Growth StrategyJune 2026
“Alex Karp, the CEO of Palantir, argues that governments and enterprises “want to know they own the means of production.”7”
Palantir Technologies - June 2026
“Where Does Value Accrue in the AI Era? Our latest thinking on this question centers on what we internally call the SRM layer, the smart routing and middle layer that sits between the large language models (LLMs) on one side and an enterprise’s proprietary data and workflows on the other. The LLM's keep improving, but increasingly behave like utilities: token prices are falling 50-80% per year, sophisticated enterprises already run multiple models in production, and free open-source routers are making basic model-switching easier. We believe durable economics will accrue to the SRM layer that combines model-agnostic routing with a customer’s proprietary data, permissions, and persistent automated workflows. The cleanest public expressions today are large caps, such as Palantir (PLTR) and Snowflake (SNOW), but this framework still matters for the portfolio in two ways.”
Palantir Technologies - MentionedCopeland Capital Management Dividend GrowthJune 2026
“Alex Karp, the CEO of Palantir, argues that governments and enterprises “want to know they own the means of production.””
Palantir Technologies - September 2025
“Palantir trades at c.100x revenue and OpenAI at c.40x.”
Palantir Technologies - MentionedKinsman OakJune 2025
Named in a table in Kinsman Oak’s letter.
Palantir Technologies - June 2025
“Please note Palantir (PLTR), a ~$300 billion market-cap software company trading at a lofty multiple over 80 times this year's sales, averaged nearly 8% of the benchmark by weight and drove 4 points of its 18% gain in the quarter.”
Palantir Technologies - MentionedHerford CapitalMarch 2025
“Peter Thiel – co-founder of PayPal and Palantir, and an early investor in Airbnb, Facebook, SpaceX, Stripe, Spotify, and Trade Republic, among others –”
Palantir Technologies
Fund coverage · 4 theses
- Artisan Partners Global Opportunities FundSeptember 2026
Palantir Technologies benefits from rapid growth and a differentiated ontology-based platform for enterprise AI workflows.
Read the full thesis - Liontrust Global Technology FundJune 2026
Palantir is owned because its forward-deployed engineering and AIP platform embed it deeply in customer operations and should benefit from AI agents.
Read the full thesis Palantir Technologies offers mission-critical data and AI software with strong commercial momentum and durable growth potential.
Read the full thesis- Sands Capital Technology InnovatorsDecember 2025
Palantir Technologies is an operational AI platform with deep integration and broad budgets exposure, benefiting from AI adoption and government modernization.
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