Who Owns Palantir? Top Shareholders and Recent Insider Trades

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 bigger winners of the AI boom, up about 28% over the past year. Recently trading around $163 per share with a market value of approximately $375 billion, Palantir has transformed from a secretive government contractor into a global powerhouse in artificial intelligence software. The company now ranks among the most valuable public companies by market capitalization.

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 significant run.

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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.

• Vanguard Capital Management: 144.8M shares (6.31%), $22.7B. New position.
• BlackRock Institutional Trust: 127.1M shares (5.54%), $19.9B. Reduced 1.2M (-0.91%).
• State Street Investment Management: 101.6M shares (4.43%), $15.9B. Reduced 758,723 (-0.74%).
• Peter Thiel (Co-Founder): 68.9M shares (3.00%), $10.8B. Reduced 2.0M (-2.82%).
• Geode Capital Management: 55.9M shares (2.43%), $8.7B. Added 1.7M (+3.08%).
• Vanguard Portfolio Management: 50.0M shares (2.18%), $7.8B. New position.
• Invesco (QQQ Trust): 49.0M shares (2.14%), $7.7B. Added 773,042 (+1.60%).
• Norges Bank: 29.0M shares (1.26%), $4.5B. Added 4.7M (+19.41%).
• BlackRock Asset Management Ireland: 22.7M shares (0.99%), $3.5B. Reduced 1.8M (-7.25%).
• Invesco Capital Management LLC: 17.2M shares (0.75%), $2.7B. Reduced 1.5M (-8.09%).

The most notable move last quarter came from JP Morgan Asset Management, which cut its Palantir position by 54.31%, selling roughly 13.3 million shares to land at 11.2 million shares worth $1.8 billion. That represents a substantial shift in allocation.

On the buying side, Norges Bank, Norway’s sovereign wealth fund, added 19.41% to its stake, bringing its total to 29.0 million shares valued at $4.5 billion. BofA Global Research increased its position by 19.85% and Goldman Sachs Asset Management added 18.29%, both meaningful build-ups from large institutions.

Among the largest holders, the picture was mixed. Vanguard Capital Management is now the top holder at 144.8 million shares (6.31%), worth $22.7 billion. BlackRock Institutional Trust trimmed 0.91% and State Street reduced 0.74%, while Geode Capital added 3.08% and the Invesco QQQ Trust added 1.60%.

Peter Thiel, Palantir’s co-founder, reduced his stake by about 2.0 million shares (-2.82%) to 68.9 million shares, still representing 3.00% of shares outstanding.

Across the top shareholders, the activity was split rather than one-directional. Several large managers trimmed, including JP Morgan, Invesco Capital Management LLC (-8.09%), BlackRock Asset Management Ireland (-7.25%), and Fidelity (-1.87%), while sovereign and active managers like Norges Bank, BofA, and Goldman Sachs added. That divergence may reflect differing views on Palantir’s valuation after its run.

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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 recent insider transactions, all reported in May 2026:

• Alexander C. Karp (CEO, Officer and Director): The most active insider. On May 20, 2026 he acquired 397,744 shares (0.02%), likely through option exercise, and sold close to the same amount across multiple transactions at prices ranging from $132.95 to $136.61. The net effect on his holdings was roughly flat.
• Ryan Douglas Taylor (Officer): Sold about 19,700 shares on May 20, 2026 at prices between $132.95 and $136.61.
• Jeffrey Johansing Buckley (Officer): Sold roughly 2,500 shares across May 20 and May 22, 2026 at prices from $132.95 to $137.41.
• Elaina Friedman (Director): Filed a Form 144 on May 29, 2026, a notice of intent to sell, with no shares transacted yet.

The transactions show steady selling across officers at prices in the $133 to $137 range. The one offset came from Karp, whose sales were matched by an equal-sized acquisition tied to compensation, leaving his net position little changed. The absence of open-market buying at current levels may suggest insiders view the stock as fairly valued after its significant run.

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What the Ownership & Insider Trade Data Tell Us

Palantir’s ownership is anchored by passive giants like Vanguard, BlackRock, and State Street, which helps keep the stock broadly held across global portfolios. Active and sovereign managers including Norges Bank, BofA, and Goldman Sachs added meaningfully this period, which may reflect growing confidence in Palantir’s role in the AI economy. At the same time, JP Morgan’s 54.31% cut and trims from BlackRock Asset Management Ireland, Invesco, and Fidelity show that not all large investors are convinced the rally can sustain itself.

Insider activity appears tilted toward selling, largely from CEO Alexander Karp and other officers such as Ryan Taylor and Jeffrey Buckley. Karp’s sales were offset by an equal-sized option exercise, so his net position changed little. 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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