15 Stocks
finance.yahoo.com/news/...id-shaw-quant-models-211927154.html
Percent of Portfolio: 0.46%
Palantir Technologies Inc. (NASDAQ:PLTR) is one of Shaw's top quantitative investing stocks in technology. The company builds and deploys software applications for the intelligence community that assist in counterterrorism investigations and operations. Palantir Technologies Inc. (NASDAQ:PLTR) also offers platforms that allow users to identify patterns hidden deep within datasets.
Palantir Technologies Inc. (NASDAQ:PLTR) has more than doubled in value after a 150% plus rally benefiting from the artificial intelligence-fuelled rally. The rally has come on the company emerging as an ideal data mining and AI specialist as it continues to develop next-generation algorithms. Its improving financial reels have also strengthened its sentiments.
Palantir Technologies Inc. (NASDAQ:PLTR) had more hedge fund investors in Q2 2023 than in the previous quarter, according to Insider Monkey's database. Of the 910 hedge funds they tracked, 39 had stakes in the company, up from 31 in Q1 2023. This shows that Palantir Technologies Inc. (NASDAQ: PLTR) is a growing and attractive stock among hedge fund investors. The largest stakeholder in the company was D E Shaw. The firm owned 29.65 million shares of the company, which were valued at $454.51 million.
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