Palantir Technologies Inc. (NYSE: PLTR) develops software that helps governments and businesses analyze massive amounts of data to make better decisions. Its platforms, including Gotham and Foundry, are widely used in defense, intelligence, healthcare, and finance, making Palantir a central player in the growing AI economy.
The stock has been one of the biggest winners of the AI boom, climbing more than 420% in the past year. Recently trading around $157 per share with a market value of about $382 billion, Palantir has transformed from a secretive government contractor into a global powerhouse in artificial intelligence software.
Backed by a growing reputation as an AI leader, Palantir has shifted from founder-led controversy to institutional favorite. Co-founder Peter Thiel still holds a sizable stake, but the majority of shares now sit with some of the world’s largest asset managers, sovereign funds, and active managers betting on its long-term role in the AI economy.
Checking out who owns the stock and how insiders are trading gives a clearer picture of how investors feel about Palantir after such a big run.
Who Are Palantir’s Top Shareholders?
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Palantir develops software that helps governments and businesses analyze large and complex datasets. Its platforms are used across defense, intelligence, healthcare, and finance, making it a key player in the AI-driven data economy.
The company’s stock is mostly held by large passive managers, alongside founder stakes and a few active funds making notable shifts.
- The Vanguard Group: 204.8M shares (9.0%), ~$32.9B. Added 7.15M (+3.6%).
- BlackRock Institutional Trust: 118.4M shares (5.2%), ~$19.0B. Trimmed 13.7M (-10.4%).
- State Street Global Advisors: 94.5M shares (4.2%), ~$15.2B. Added 6.1M (+6.9%).
- Peter Thiel (Co-Founder): 70.9M shares (3.1%), ~$11.4B. No change.
- Geode Capital: 49.7M shares (2.2%), ~$8.0B. Cut 5.7M (-10.3%).
- Invesco (QQQ Trust): 46.5M shares (2.0%), ~$7.5B. Slight trim (-0.6%).
- Norges Bank: 24.3M shares (1.1%), ~$3.9B. Added 6.3M (+34.9%).
- BlackRock Asset Mgmt. Ireland: 21.4M shares (0.9%), ~$3.4B. Added 1.1M (+5.2%).
- Fidelity Management: 18.4M shares (0.8%), ~$3.0B. Added 5.5M (+42.2%).
- BofA Global Research: 15.8M shares (0.7%), ~$2.5B. Added 2.4M (+18.2%).
One highlight from last quarter is Jane Street Group’s aggressive increase, boosting its Palantir stake by over 1,085%. The firm now owns about 1.68 million shares worth $229 million, suggesting a sharp rise in conviction.
Another notable move came from Millennium Management, which lifted its position by 282% to roughly 5.0 million shares valued at $683 million. That looks like a strong bet on Palantir’s growth trajectory.
Squarepoint Ops also made a bold move, raising its holdings by 206% to about 1.6 million shares worth $219 million, signaling confidence at current levels.
Passive giants like Vanguard and State Street provide stability since much of their exposure comes from index funds. Hedge funds including Jane Street, Millennium, and Squarepoint have sharply boosted their positions, which may reflect rising conviction in Palantir’s long-term role in AI.
Still, BlackRock’s reduction shows that not all large investors are ready to stay overweight after such a steep rally.
See whether Palantir’s top shareholders are buying or selling today >>>
Palantir’s Recent Insider Trades
Insider trading activity often gives investors a window into how leadership views the company’s current valuation. For a stock that has soared as quickly as Palantir, insider moves can be especially telling.
While not always a direct signal of future performance, patterns of buying or selling may hint at whether executives see more upside ahead or are taking the opportunity to lock in gains.
Here are some recent insider sales:
- Alexander Karp (CEO): Reported sales of 96K shares at ~$155 and 78K shares at ~$156. However, most of the sales were tied to receiving compensation of 186K shares.
- Shyam Sankar (COO): Reported multiple sales from ~775 shares up to 40K shares, priced around $154–$162. Also exercised or purchased 30K shares in one filing.
The absence of significant insider buying may suggest leadership is cautious about adding to their Palantir position at current levels after such a large run.
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What the Ownership & Insider Trade Data Tell Us
Palantir’s ownership is anchored by passive giants like Vanguard and State Street, which helps keep the stock broadly held across global portfolios. Some long-term managers such as Fidelity and Norges Bank have added significantly, which may reflect growing confidence in Palantir’s role in the AI economy. At the same time, BlackRock’s sizable reduction shows that not all large investors are convinced the rally can sustain itself.
Insider activity appears tilted toward selling, largely from co-founders Alexander Karp and Shyam Sankar. These trades may be linked to diversification or planned disposals, and Karp’s large share grant helps offset some of the sales. Still, the lack of notable insider buying suggests leadership might be cautious about committing more at today’s valuation.
For investors, the picture looks mixed. Palantir is well established in major portfolios and has attracted conviction from certain institutions, but insider selling and selective trimming by large holders show that confidence is not unanimous. The stock remains institutionally strong, yet sentiment appears divided after such a steep run.
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