New York (CNN Business) Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September. Soros Fund Management, run by billionaire investor and philanthropist George Soros , and Third Point, the firm led by occasional activist investor Dan Loeb, both disclosed late Friday that they own shares of Palantir. Soros Fund Management acquired 18.5 million shares of Palantir while Third Point took a more modest position of 2.4 million shares. Palantir's stock is currently trading at just under $16 a share, so the Soros stake is now valued at about $294 million. Spotify SPOT Slack WORK Palantir went public through a direct listing of existing stock on the New York Stock Exchange.

Source: CNN November 16, 2020 18:15 UTC