Most billionaires haven’t sold Palantir stock because they didn’t own it in the first place.
Billionaires probably aren’t fans of Palantir due to its nosebleed valuation.
Some investors don’t worry about Palantir’s valuation because they believe the company is unique.
10 stocks we like better than Palantir Technologies ›
Only eight members of the S&P 500 (SNPINDEX: ^GSPC) have delivered year-to-date gains of more than 100%. Palantir Technologies (NASDAQ: PLTR) is one of them.
However, the luster of this high-flying artificial intelligence (AI) stock has been somewhat tarnished lately. In recent weeks, Palantir’s share price has pulled back roughly 20% below its all-time high set in early November.
But while many investors are selling Palantir stock, most billionaires aren’t. And there’s a simple reason why.
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Pick any billionaire investor. Review the most recent 13F filing with the U.S. Securities and Exchange Commission for the organization run by the individual. The odds are high that you’ll see no sales of Palantir shares.
Bill Ackman’s Pershing Square Capital Management hedge fund? No sales of Palantir stock in the third quarter of 2025. Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)? Ditto. It’s the same story for Chase Coleman’s Tiger Global Management, Stanley Druckenmiller’s Duquesne Family Office, and David Tepper’s Appaloosa hedge fund.
Why didn’t these ultra-wealthy, super-successful investors sell Palantir recently? That’s an easy question to answer: They didn’t own the AI stock in the first place.
To be fair, Druckenmiller owned some shares of Palantir in the past, but he exited the position in early 2025. Also, a few billionaires do hold stakes in Palantir. The list includes hedge funds run by Ken Griffin and Israel “Izzy” Englander.
However, these funds’ portfolios include thousands of stocks. It would be highly surprising if these hedge funds didn’t own at least some shares of Palantir, considering the company’s market cap of roughly $390 billion.
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