Institutional Investors' Sentiment on Palantir Technologies Revealed

2024-03-12

Palantir Technologies (PLTR) was a favored choice among institutional investors, as evidenced by 995 hedge funds holding a significant number of shares, totaling 984,220,382. Additionally, 31 ETFs also had positions in PLTR, collectively holding 49,982,020 shares. Notable institutional holders included Vanguard Group Inc., BlackRock Inc., Renaissance Technologies LLC, State Street Corp, and Geode Capital Management, LLC.

During the last quarter, 466 hedge funds were actively buying PLTR, while 273 were selling their holdings. The data revealed that 96 hedge funds doubled down on their positions in PLTR, signaling strong bullish sentiment. Conversely, 3 hedge funds opted to sell at least 90% of their PLTR shares, reflecting a bearish outlook on the company.

Among the most optimistic institutions regarding PLTR were Millennium Management LLC, Jane Street Group, LLC, BlackRock Inc., Vanguard Group Inc., and Susquehanna International Group, LLP. On the other end of the spectrum, the most pessimistic institutions included D. E. Shaw & Co., Inc., Citadel Advisors LLC, Two Sigma Advisers, LP, and Two Sigma Investments, LP.

This data, sourced from sharkstracker.com, offered a data-driven perspective on the market, providing valuable insights into the sentiment and actions of institutional investors towards Palantir Technologies.