Top 5 Stock Picks of Wen Han Li’s Andar Capital

2. Palantir Technologies Inc. (NYSE:PLTR)

Andar Capital’s Stake Value: $11,419,000

Percentage of Andar Capital’s 13F Portfolio: 9.10% 

Number of Hedge Fund Holders: 26

Palantir Technologies Inc. (NYSE:PLTR), a data analytics software company, is one of Wen Han Li’s top stock picks as of September this year, with his investment firm holding an $11.4 million stake in the company. Palantir Technologies Inc. (NYSE:PLTR) accounts for 9.10% of Andar Capital’s Q3 13F portfolio. 

The database of Insider Monkey indicates that 26 hedge funds held stakes in Palantir Technologies Inc. (NYSE:PLTR) as of June this year, with Ken Griffin’s Citadel Investment Group being one of the leading Palantir Technologies Inc. (NYSE:PLTR) stakeholders, holding a $145.7 million position in the company. 

Palantir Technologies Inc. (NYSE:PLTR) on November 9 posted its Q3 results. EPS in the period totaled $0.04, in line with analysts’ expectations. The $392.15 million revenue was up 35.52% from the prior-year quarter, beating estimates by $5.86 million. Credit Suisse analyst Phil Winslow initiated coverage of Palantir Technologies Inc. (NYSE:PLTR) with a Neutral rating and a $25 price target on November 16. 

Here is what Guardian Fund has to say about Palantir Technologies Inc. (NYSE:PLTR) in its Q2 2021 investor letter:

“The success of the private sector to innovate in order to help people through the lockdowns and to produce vaccines at record speed at scale has been impressive. The fact that almost every public institution was struggling to be effective no matter how hard some of the people worked, shows the fundamental need of the public sector to become data-driven and invest in data infrastructure.

Government institutions have to partner with enterprises such as Palantir to become digital native. The public sector will always struggle to attract the most talented engineers as compensations cannot be justified with tax money and therefore this must be a partnership with specialized private enterprises. This is a great opportunity for Palantir especially as it has already shown to be capable of working with demanding and complex public institutions entrusting it to work on the most critical and sensitive matters.

The news section of Palantir’s website gives insight into where new business is coming from. The main opportunity is in enterprise software and the faster onboarding time and increased self-service of clients is a positive sign. We believe Palantir is becoming one of the more important global software companies.

In addition, Palantir has quietly become a significant investor, investing well over USD 200 million in eight companies. Therefore, it is following the lead of companies like Tencent, Alphabet, and Shopify in establishing valuable investment portfolios.”