State of Michigan Retirement System 13F: Cuts PLTR Stake by $5.5M

On October 27, 2026, the State of Michigan Retirement System trimmed its position in Palantir Technologies Inc. (PLTR) by 29,467 shares, bringing its total to 918,814 shares. This change was disclosed in a filing with the SEC and reflects a reduction in the fund's total investment in the company, valued at approximately $171.9 million after the trim.

PLTR Palantir Technologies Inc.

$198.84 ▲ +18.46% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Palantir Fits in State of Michigan Retirement System's Portfolio

The State of Michigan Retirement System now holds 918,814 shares of Palantir, which represents about 1.56% of its total reported 13F value of $11 billion. This position ranks 18th among the fund's 966 positions. The recent trim of 29,467 shares corresponds to a decrease of approximately 3.1% in its stake.

Other Institutional Activity in Palantir

Several other funds have recently adjusted their positions in Palantir. Verdence Capital Advisors grew its holdings by 14,374 shares, bringing its total to 32,093 shares valued at about $6 million. Asset Management One also increased its stake by 57,957 shares, raising its total to 1,006,806 shares worth approximately $188.3 million. In contrast, J. Safra Sarasin Holding reduced its position by 64,049 shares, now holding 85,910 shares valued at around $15.6 million.

Palantir Technologies Inc. Stock Up 1.0%

Palantir shares recently traded around $198.75, which is about equal to the closing price of $198.84 on October 26, 2026. The stock is currently above its 50-day moving average by 7.3% and its 200-day moving average by 29.7%. However, it remains below its 52-week high of $212.94 by about 6.7%.

Recent Earnings

Palantir reported trailing twelve-month revenue of approximately $6.16 billion, with a year-over-year growth of 92.8%. The company has a net margin of 49.0% and a return on equity of 38.1%. Its next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at Palantir Technologies Inc.

Recent insider activity includes several sales. On October 8, 2026, Officer Ryan Douglas Taylor sold 18,000 shares at an average price of $201.15, totaling about $3.62 million. Director Lauren Elaina Friedman Stat sold 5,026 shares at $199, valued at approximately $1 million. Additionally, Director Eric H. Woersching sold 1,000 shares at $205, totaling $205,000.

Analysts Set New Price Targets

On October 27, 2026, Rosenblatt maintained a Buy rating on Palantir with a price target of $260. Earlier, Citigroup also maintained a Buy rating, increasing its target to $250. Mizuho maintained an Outperform rating with a target of $245, up from $215.

About Palantir Technologies Inc.

Palantir Technologies Inc. builds software platforms for various industries, focusing on data analysis and operational efficiency. The company primarily serves the intelligence community and has expanded its applications internationally, making it a significant player in the technology sector.

Bottom Line

Investors will be watching Palantir closely as it approaches its next earnings date on November 2, 2026. The recent adjustments by institutional investors, including the State of Michigan Retirement System's trim, reflect ongoing interest and activity in the stock. Keep an eye on further filings and analyst ratings as they develop.