Salem Investment Counselors Cuts Palantir Holdings by 10.8%

Firm still holds $113.45 million in Palantir Technologies stock

Mar. 24, 2026 at 11:18am

Got story updates? Submit your updates here. ›

Salem Investment Counselors Inc. reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.8% during the fourth quarter, according to a recent SEC filing. The firm now owns 638,251 shares of the company's stock, valued at $113,449,000, making Palantir its sixth-largest holding.

Why it matters

Palantir is a major player in the data analytics and software industry, and institutional investors' holdings in the company are closely watched. This move by Salem Investment Counselors provides insight into how some large investors are adjusting their Palantir positions.

The details

According to the filing, Salem Investment Counselors sold 77,619 Palantir shares during the fourth quarter, reducing its total holdings to 638,251 shares. The firm cited Palantir's valuation and market performance as reasons for the reduction in its position.

  • Salem Investment Counselors made the portfolio changes in the fourth quarter of 2025.

The players

Salem Investment Counselors Inc.

A Massachusetts-based investment management firm that oversees approximately $3.5 billion in client assets.

Palantir Technologies Inc.

An American software company that specializes in big data analytics and works with government agencies and large corporations.

Got photos? Submit your photos here. ›

The takeaway

This move by a prominent investment firm highlights the volatility and uncertainty surrounding Palantir's stock, as large investors carefully weigh the company's valuation and growth prospects when making portfolio decisions.