13 Best Performing NASDAQ Stocks According to Hedge Funds

10. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 78

Market Capitalization: $410.41 billion

Year-To-Date Performance: 128.74%

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, the company rejected claims that a new battlefield communications system it co-developed with Anduril is flawed. Palantir stated that no vulnerabilities were found in the system and that the concerns were addressed as part of the normal development process. The company said the concerns reflect an “outdated snapshot” of the program. Anduril echoed Palantir’s position, stating that the Army memo was not representative of the current system and that the risks highlighted are typically resolved during development stages.

Palantir and Anduril’s statements are in response to an internal US Army memo in early September that flagged “fundamental security” flaws in the battlefield communications system, dubbed NGC2. Evidence of the memo surfaced early Friday, October 3, 2025. Written by Chief Technology Officer Gabrielle Chiulli, the memo described the NGC2 prototype as a “very high risk.” It warned that adversaries could potentially gain undetectable access to the system.

But Army officials clarified that the memo is part of an ongoing process to “triage cybersecurity vulnerabilities,” and mitigation steps are underway. They added that security gaps are identified early and are a normal part of the development cycle for complex defense technology projects.

Palantir Technologies Inc. (NASDAQ:PLTR) is a US-based software and data analytics company. It builds and deploys platforms that help governments, corporations, and institutions integrate, manage, and analyze large datasets for decision-making. Its core products include Palantir Gotham, Palantir Foundry, Palantir Apollo, and the Artificial Intelligence Platform (AIP).