At third quarter's end, a total of 35 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 35% from the second quarter of 2021. The graph below displays the number of hedge funds with bullish position in PLTR over the last 25 quarters. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to Insider Monkey's hedge fund database,ARK Investment Management, managed by Catherine D. Wood, holds the largest position in Palantir Technologies Inc. (NYSE:PLTR). ARK Investment Management has a $895.3 million position in the stock, comprising 2.1% of its 13F portfolio. The second largest stake is Renaissance Technologies, with a $311.5 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Other hedge funds and institutional investors with similar optimism consist of Ken Griffin's Citadel Investment Group, Ken Griffin's Citadel Investment Group and D. E. Shaw's D E Shaw. In terms of the portfolio weights assigned to each position Andar Capital allocated the biggest weight to Palantir Technologies Inc. (NYSE:PLTR), around 9.11% of its 13F portfolio.Crestwood Capital Managementis also relatively very bullish on the stock, earmarking 6.59 percent of its 13F equity portfolio to PLTR.
With a general bullishness amongst the heavyweights, key money managers have been driving this bullishness. ThornTree Capital Partners, managed by Mark Moore, assembled the largest position in Palantir Technologies Inc. (NYSE:PLTR). ThornTree Capital Partners had $26.2 million invested in the company at the end of the quarter. Matthew Hulsizer'sPEAK6 Capital Managementalso made a $21.9 million investment in the stock during the quarter. The other funds with brand new PLTR positions are Joe DiMenna's ZWEIG DIMENNA PARTNERS, Kenneth Tropin's Graham Capital Management, and Michael Gelband's ExodusPoint Capital.
$Palantir Technologies Inc.(PLTR)$
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