First Citizens Bank & Trust 13F: Adds $3.5M to PLTR Stake

The bank increased its holdings in Palantir Technologies by nearly 20%, reflecting confidence in the tech firm.

By TradeTexts Research Desk · Published Oct 15, 2026, 9:40 PM EDT · Updated Oct 15, 2026, 9:44 PM EDT

Reviewed by automated data checks against the source filing. How we make and check alerts

First Citizens Bank & Trust added 18,634 shares to its stake in Palantir Technologies Inc. ($PLTR), a 19.96% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 112,012 shares worth $20.95 million at the end of the quarter.

Since the filing, $PLTR is down 7.4% to date (from the $200.97 close on Oct 14, 2026).

Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR

PLTR Palantir Technologies Inc.

$186.03 +10.82% year to date

Daily close · Oct 16, 2026

Key Points

First Citizens Bank & Trust increased its stake in Palantir Technologies Inc. (PLTR) by 19.96%, adding 18,634 shares to reach a total of 112,012 shares valued at $20.95 million.
Palantir Technologies, a software company in the tech sector, has a market cap of $481.8 billion and a P/E ratio of 172.8, with shares trading between $106.37 and $212.94 over the past year.
The company is set to report its next earnings on November 2, 2026, with analysts recommending a 'buy' and a mean price target of $206.43.

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First Citizens Bank & Trust has boosted its stake in Palantir Technologies Inc. (NasdaqGS: PLTR) by 19.96%, according to its latest Form 13F filing with the SEC. The bank added 18,634 shares, bringing its total to 112,012 shares valued at approximately $20.95 million as of the reporting period.

13F track record

First Citizens Bank & Trust vs. the S&P 500

YTD return +4.17% hypothetical

All-time return +4.17% S&P 500 +4.11%

vs. S&P 500 +0.06% ahead of the index

Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.

What Changed in First Citizens Bank & Trust's Palantir Position

First Citizens Bank & Trust increased its holdings in Palantir Technologies by 19.96%, raising its share count from 93,378 to 112,012 shares. The move reflects an addition of 18,634 shares, with the total stake valued at about $20.95 million.

Palantir Technologies Inc. Stock Down 7.3%

On Friday, shares of Palantir Technologies Inc. traded around their previous close of $200.97. The company, which operates in the software infrastructure industry, has a market capitalization of $481.8 billion. Palantir's stock has a P/E ratio of 172.8 and a forward P/E of 85.3, indicating high investor expectations for future earnings growth. The stock has seen a 52-week low of $106.37 and a high of $212.94. Its 50-day moving average stands at $181.13, while the 200-day moving average is $152.54. The firm maintains a strong liquidity position with a current ratio of 7.23 and a quick ratio of 7.10.

Recent Earnings

Palantir Technologies reported revenue of $6.16 billion, with a growth rate of 92.8%. The company's net margin is 49.0%, and it boasts a return on equity of 38.1%. Investors are looking ahead to the next earnings report, scheduled for November 2, 2026.

About Palantir Technologies Inc.

Palantir Technologies Inc., headquartered in Aventura, Florida, develops software platforms designed to assist intelligence and defense operations. Its products, such as Palantir Gotham and Palantir Foundry, integrate data from various sources to provide actionable insights for both government and commercial clients. The company was founded in 2003 and is led by CEO Dr. Alexander C. Karp.

Bottom Line

First Citizens Bank & Trust's decision to increase its stake in Palantir Technologies highlights the bank's confidence in the company's growth prospects. Investors follow these filings to gauge institutional sentiment, though it's important to remember that 13F filings reflect past positions and may not indicate current holdings.

More on this

Source: First Citizens Bank & Trust's 13F filing on $PLTR (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts