Palantir Technologies (PLTR) Surged on Robust Results in Q2

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks rebounded in the second quarter, delivering a strong recovery. The Russell Midcap Growth Index (up 18.20%) outperformed the Russell Midcap® Value Index (up 5.34%) in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community.  The one-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was -2.46%, and its shares gained 397.81% of their value over the last 52 weeks. On August 29, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) stock closed at $156.71 per share, with a market capitalization of $371.769 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its second quarter 2025 investor letter:

“Palantir Technologies Inc. (NASDAQ:PLTR), a leader in artificial intelligence (AI) software and services to governmental organizations, reported robust results and provided a strong outlook, as both the U.S. military and NATO purchased large contracts. Palantir also has had success penetrating non-military agencies of the U.S. government, as well as the commercial (corporate) side of the market with AI use cases that deliver quantifiable added value through its bootcamp product demonstrations.”

Palantir Technologies Inc. (PLTR): I Don't Own It, But I Recommend It, Says Jim Cramer

Palantir Technologies Inc. (NASDAQ:PLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 78 hedge fund portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) at the end of the second quarter, which was 77 in the previous quarter. While we acknowledge the risk and potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Palantir Technologies Inc. (NASDAQ:PLTR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Palantir Technologies Inc. (NASDAQ:PLTR) and shared the list of stocks that Jim Cramer recently discussed. ClearBridge Mid Cap Growth Strategy exited Palantir Technologies Inc. (NASDAQ:PLTR) during Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.