# Palantir Investors Ownership and capital map for [[Palantir]] (NASDAQ: PLTR). Tracks **who owns the company economically** versus who controls it. Governance/voting control is covered in [[Palantir Leadership]]; this page is the money side. > All ownership percentages drift quarterly. Verify against 13F filings (institutions), Form 4s (insiders), and the latest proxy. Figures below reflect 2026 reporting. ## Ownership structure (2026) Roughly **54%** of economic shares are held by institutions, **~5%** by Palantir insiders, and **~41%** by retail investors — an unusually large retail float for a company this size. The September 2024 S&P 500 inclusion triggered mechanical index-fund buying that pushed institutional ownership up sharply. ## Largest institutional holders | Holder | Approx. stake (2026) | Nature | |---|---|---| | [[The Vanguard Group]] | ~8.5% | Passive index funds | | [[BlackRock]] | ~6.5% | Passive index funds | | [[State Street Corporation]] | ~4.5% | Passive index / custody | These "Big Three" stakes are largely mechanical consequences of index inclusion, not active bets. They carry voting weight on Class A shares but cannot override the founders' Class F voting bloc. ## Insiders - [[Peter Thiel]] — Chairman; among the largest individual holders, but has steadily reduced his **economic** stake through planned sales while retaining **Class F voting power**. - [[Alex Karp]] — CEO; significant holder, also a persistent net seller under planned trading programs. - [[Stephen Cohen]] — President; founder holder, Class F. Watch insider selling via Form 4 filings — large, sustained founder sales are a recurring market and narrative event. Logged in [[Palantir Watch Log]]. ## Pre-IPO capital history Before its September 2020 direct listing, Palantir raised roughly **$2.46B across 12+ private rounds**. The foundational early money came from [[Peter Thiel]] personally and a ~$2M seed from [[In-Q-Tel]], the CIA's venture arm — the original government-capital tie that shaped the company's customer base. [[Founders Fund]] was an early backer. The full pre-IPO round-by-round map lives in [[Musk-Thiel Funding Map]]. ## Open questions to track - Quarter-over-quarter changes in the Big Three stakes (13F deltas). - Cumulative founder insider sales and any acceleration. - Entry/exit of notable active managers or sovereign funds. ## See Also - [[Palantir]] — company page - [[Palantir Dossier]] — dossier front door - [[Palantir Leadership]] — voting control / governance - [[Musk-Thiel Funding Map]] — full pre-IPO capital map - [[In-Q-Tel]] - [[Founders Fund]]