What smart money is saying about Palantir
3 funds in our archive have pitched Palantir — most recently Liontrust Global Technology Fund in June 2026.
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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Position history
Between Q4 2025 and Q3 2026, 8 fund letters reported a position in Palantir — 6 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 7 | 6 | 1 | 2 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 8 positions · 7 moves
- July 2026
“Nvidia has been in the portfolio since 2016, and Palantir since 2022 - long before artificial intelligence became the dominant market topic.”
Palantir - 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 - June 2026
“Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.”
Palantir - 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 - 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 - 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 - 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 - 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
Also mentioned · 6
These funds discuss Palantir — as a competitor, benchmark or comparable — without disclosing a position in it.
- 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 - MentionedBaron SMID Cap StrategyJune 2026
“Palantir (@PalantirTech). “Your AI sovereignty dictates your institution’s future...”
Palantir - 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 - MentionedBaron SMID Cap ETFJune 2026
“Palantir (@PalantirTech).”
Palantir - 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 - MentionedGranahan Investment Management Focused Growth StrategyJune 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
Fund coverage · 3 theses
- 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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