Norway’s $5.15B Bet on Palantir Overcomes Burry’s 58% Collapse Call
Michael Burry warned of a 58% Palantir collapse, but Norges Bank Investment Management added a $5.15 billion stake in Q4, equal to 0.55% of its U.S. equity holdings and making Palantir a top-20 position. The move highlights institutional conviction after bears lost $15 billion and follows an Airbus Skywise extension.
1. Sovereign Wealth Fund Takes Significant Palantir Position
In its Q4 13F filing, Norges Bank Investment Management revealed a new $5.15 billion Palantir stake, representing about 0.55% of its U.S. equity portfolio. This allocation places Palantir among the top 20 holdings of the $2 trillion fund, surpassing stakes in legacy blue-chip names.
2. Bearish Calls Countered by Institutional Confidence
Michael Burry’s technical forecast projected a 58% Palantir decline, yet short sellers lost an estimated $15 billion over the past two years before reducing their positions. Norges’ entry into Palantir underscores a shift from trading speculation to long-term strategic positioning.
3. Commercial Expansion Supports Conviction
The fund’s timing aligns with Palantir’s extension of its Skywise platform with Airbus, reinforcing its commercial aviation footprint. Recurring revenue from longer-term contracts and deeper enterprise integrations underpins the fund’s confidence in durable growth prospects.