Here’s GROW Small Cap Equity Fund‘s Discussion on Palantir Technologies (PLTR)

1 hour ago 3

Soumya Eswaran

Tue, June 23, 2026 astatine 7:03 AM CDT 2 min read

Grow Funds, an concern Advisor, released its Q1 2026 capitalist missive for "GROW Small Cap Equity Long/Short Fund". A transcript of the missive tin beryllium downloaded here. In Q1 2026, GROW Small Cap Equity Long/Short L.P (Fund) returned 4.18%, outperforming the Russell 2000 Growth Index's –2.80%, HFRI Equity Hedge Index's -0.24%, and the HFRI Fundamental Growth Index's 0.47% returns. Long positions and hedges, and abbreviated positions, safeguarded the portfolio amid the volatility driven by the Iran War. In addition, delight cheque the Strategy's apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Grow Funds highlighted stocks similar Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) is simply a bundle institution that develops and deploys bundle platforms to assistance the quality community. On June 22, 2026, Palantir Technologies Inc. (NASDAQ:PLTR) closed astatine $119.50 per share. One-month instrumentality of Palantir Technologies Inc. (NASDAQ:PLTR) was -12.52%, and its shares mislaid 16.57% implicit the past 52 weeks. Palantir Technologies Inc. (NASDAQ:PLTR) has a marketplace capitalization of $286.48 billion.

Grow Funds stated the pursuing regarding Palantir Technologies Inc. (NASDAQ:PLTR) successful its Q1 2026 capitalist letter:

"Palantir Technologies Inc. (NASDAQ:PLTR) is simply a information analytics institution utilized by governments, militaries, and ample corporations to find patterns and insights. The banal trades for 66x EV/Revenues connected 2026 expectations, by acold the astir costly bundle institution successful the market. While the net person seen affirmative revisions passim the year, we purchased enactment options connected the banal aggregate times connected overvaluation and AI exuberance successful the marketplace arsenic discussed above. We besides shorted Palantir outright during the quarter."

I Don't Own It, But I Recommend It, Says Jim Cramer

Palantir Technologies Inc. (NASDAQ:PLTR) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 96 hedge money portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) astatine the extremity of the archetypal quarter, up from 89 successful the erstwhile quarter. In Q1 2026, Palantir Technologies Inc.'s (NASDAQ:PLTR) gross grew 85% year-over-year and 16% sequentially to $1.633 billion. While we admit the imaginable of Palantir Technologies Inc. (NASDAQ:PLTR) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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