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[BUSINESS] · United States · 2 sources

Institutions shift stakes in Pinterest and Palantir stocks

Erste Asset Management GmbH cut its Pinterest position in the fourth quarter, selling 210,000 shares and reducing its holding to 2.3 million shares, about 0.34% of the company and roughly $59.5 million in value. The sale follows other recent institutional activity, including purchases by Elevated Capital Advisors and additions by Atlantic Union Bankshares.

Syon Capital LLC increased its stake in Palantir Technologies during the same period, buying 5,755 shares to bring its total to 20,863 shares, valued at about $3.7 million—a 38.1% increase. Other investors such as Milestone Asset Management and Vanguard also adjusted their Palantir holdings.

Sources