In its latest Form 13F filing, First Citizens Bank & Trust Co. reported an 8.5% increase in its holding of Palantir Technologies shares during the third quarter. The bank purchased an additional 6,871 shares, bringing its total position to 87,483 shares valued at $15.96 million as of quarter-end. This incremental purchase underscores First Citizens’ confidence in Palantir’s long-term growth prospects and reflects a meaningful allocation within its institutional equity portfolio.

Other asset managers have been both adding to and trimming their Palantir positions over recent quarters. Bison Wealth LLC raised its stake by 37.4%, acquiring 4,667 shares for a total holding of 17,130 shares valued at $1.30 million. Capstone Wealth Management Group LLC similarly lifted its ownership by 38.0%, adding 4,722 shares to reach 17,147 shares worth $1.45 million. TD Private Client Wealth LLC expanded its position by 39.7%, buying 2,158 shares to total 7,597 shares valued at $1.04 million. In contrast, Revolve Wealth Partners LLC initiated a new $450,000 position, while Congress Asset Management Co. added 7,886 shares (a 13.3% increase) to bring its stake to 67,000 shares worth $9.13 million. Overall, institutional investors now account for 45.65% of Palantir’s outstanding float.

Over the past 90 days, corporate insiders have disposed of 1,023,444 Palantir shares for aggregate proceeds of $167.39 million, reducing insider ownership to 9.23% of the company’s total shares. Notably, Ryan D. Taylor sold 36,048 shares on November 24 for total proceeds of $5.85 million, cutting his personal stake by 12.54% to 251,409 shares. Earlier, on November 20, co-founder Stephen Cohen divested 308,635 shares for $50.61 million, a 99.81% reduction in his holdings, leaving him with just 592 shares. These transactions were disclosed in SEC filings and may merit close attention from investors monitoring insider alignment with shareholder interests.