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

Michael Burry sees a cliff. Norway’s sovereign wealth fund sees a runway. While the "Big Short" investor has warned that Palantir Technologies Inc(NASDAQ:PLTR) could fall 58% based on a bearish Head & Shoulders pattern, the Nordic investment behemoth just did the opposite of panic — it went big.

Norges Bank Investment Management disclosed a $5.15 billion new stake in Palantir, turning a technical debate into a live battle between chart skeptics and institutional conviction.

A $2 Trillion Fund Makes A Top-20 Bet On PLTR

In its fourth quarter 13F, Norges Bank revealed a brand-new Palantir position worth $5.15 billion, equal to about 0.55% of its entire U.S. equity book. That may sound small, but for a fund holding 1,577 U.S. stocks, this places Palantir roughly in its top ~20 positions.

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In plain terms, Norges now owns more Palantir than many classic blue chips — including Exxon Mobil Corp(NYSE:XOM) — and roughly in line with stakes in Netflix Inc(NASDAQ:NFLX) and Welltower Inc(NYSE:WELL).

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

Smart Money Steps In As Shorts Step Back

Burry's call lands after a brutal chapter for Palantir bears — short sellers lost an estimated $15 billion through 2022–24 before retreating.

Retail sold into recent pullbacks; sovereign capital bought the dip. Norges' timing suggests it views Palantir less as a trading stock and more as a strategic data platform with durable defense and enterprise franchises.

Why Airbus Matters More Than Any Chart

The conviction also looks easier to defend after Palantir's multi-year extension with Airbus SE(OTC:EADSY) to scale the Skywise platform — a clear signal that Palantir is not just a military story but a commercial aviation one.

Real contracts, sticky software, recurring revenue.

Why It Matters

Burry is betting on patterns; Norges is betting on platforms. When a $2 trillion fund sizes a position like this, Palantir shifts from controversial to core — even if the chart wars rage on.

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