During the three months ended March 31, 2022, $Palantir Technologies Inc.(PLTR)$has invested $89.5mil in publicly-traded marketable securities, that is about 20% of its Q1 2022 revenue. Let’s look at the top four entities its has invested in. It is interesting to note that in year 2021, PLTR has purchased $50.9mil of gold bars. May be as a hedging against inflation?
1) Fast Radius (FSRD)$Fast Radius, Inc.(FSRD)$
“Fast Radius is a cloud manufacturing company. The Fast Radius Cloud Manufacturing Platform provides an end-to-end solution for manufacturers to efficiently and sustainably design, make, and move parts. Just as cloud computing solved challenges of exponential increases in data use, cloud manufacturing solves the demands of manufacturing scale and complexity, creating opportunities for new advanced technologies. Fast Radius is on a mission to make new things possible to improve the state of the world.”
Basically FSRD is a an additive manufacturing company (3D printing) that helps companies to maintain digital inventory. Which means you print the part you want when you need it. FSRD share price is now at about $0.51. From PLTR 10Q report, PLTR has purchased the security at $10. No wonder it loss so much (Unrealized and realized loss from marketable securities, net = $62.843mil). In Tiger Trade app, checking at Shareholder Ranking of FSRD, Palantir Technologies Inc., Investment Arm hold 2mil shares (2.73% ratio), while another well-know company, United Parcel Service, Inc (UPS) holds 13.9mil shared (18.98% ratio). FSRD is a start-up player in Industry 4.0 technology. It was named one of the most advanced factories in the world.
2) Allego (ALLG)$Allego(ALLG)$
“Allego’s mission is to ensure that people have the skills and knowledge they need to succeed. Allego's Sales Enablement Platform uses the power of mobile technology to ensure teams can quickly create and share interactive content to train, reinforce, onboard, coach, and drive productivity anywhere, anytime.”
Allego (ALLG) uses mobile technology and interactive video to deliver learning, communication and collaboration at the moment of need. It is trying to disrupt the traditional training which they said is soon obsolete. During the pandemic, many has realised online training can be more cost effective than in-person training.
3) Starry Group Holdings (STRY)$Starry Group Holdings Inc(STRY)$
“We believe the future is built on connectivity and that connecting people and communities to high-speed, broadband internet should be simple and affordable. Using our innovative, wideband hybrid-fiber fixed wireless technology, Starry is deploying gigabit capable broadband to the home without bundles, data caps, or long-term contracts. Starry is a different kind of internet service provider. We’re building a platform for the future by putting our customers first, protecting their privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority.”
STRY is a network operator and internet service provider which build its network assets on existing mobile towers and rooftops, which allows rapid expansion and lower cost. In Tiger Trade app, checking at Shareholder Ranking of STRY, Palantir Technologies Inc., Investment Arm hold 2.13mil shares (1.28% ratio).
4) Tritium (DCFC)$Tritium DCFC Limited(DCFC)$
“Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.”
DCFC is DC fast charger manufacturer. With rapid adoption of electric vehicles, its total addressable market is huge. In Tiger Trade app, checking at Shareholder Ranking of STRY, Palantir Technologies Inc., Investment Arm hold 2.50mil shares (1.85% ratio), sitting an top.
These entities are innovative and part of the mega trend (additive manufacturing, 5G, EV). However, none is profitable as of now. You can choose to buy each individual stock or just hold on to PLTR if you too believe the future in these companies.
Comments