World's Biggest Wealth Fund Just Snubbed Michael Burry's Palantir Warning

Michael Burry sees a cliff. Norway’s sovereign wealthiness money sees a runway. While the "Big Short" capitalist has warned that Palantir Technologies Inc (NASDAQ:PLTR) could autumn 58% based connected a bearish Head & Shoulders pattern, the Nordic concern behemoth conscionable did the other of panic — it went big.

Norges Bank Investment Management disclosed a $5.15 cardinal caller involvement successful Palantir, turning a method statement into a unrecorded conflict betwixt illustration skeptics and organization conviction.

In its 4th fourth 13F, Norges Bank revealed a brand-new Palantir presumption worthy $5.15 billion, adjacent to astir 0.55% of its full U.S. equity book. That whitethorn dependable small, but for a money holding 1,577 U.S. stocks, this places Palantir astir successful its apical ~20 positions.

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In plain terms, Norges present owns much Palantir than galore classical bluish chips — including Exxon Mobil Corp (NYSE:XOM) — and astir successful enactment with stakes successful Netflix Inc (NASDAQ:NFLX) and Welltower Inc (NYSE:WELL).

That's not speculation; that's portfolio architecture.

Burry's telephone lands aft a brutal section for Palantir bears — abbreviated sellers mislaid an estimated $15 cardinal done 2022–24 earlier retreating.

Retail sold into caller pullbacks; sovereign superior bought the dip. Norges' timing suggests it views Palantir little arsenic a trading banal and much arsenic a strategical information level with durable defence and endeavor franchises.

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The condemnation besides looks easier to support aft Palantir's multi-year hold with Airbus SE (OTC:EADSY) to standard the Skywise level — a wide awesome that Palantir is not conscionable a subject communicative but a commercialized aviation one.

Real contracts, sticky software, recurring revenue.

Burry is betting connected patterns; Norges is betting connected platforms. When a $2 trillion money sizes a presumption similar this, Palantir shifts from arguable to halfway — adjacent if the illustration wars rage on.

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