Palantir (PLTR) Stock Today: Bull and Bear Case as HSBC…
By Tobi Opeyemi Amure
AI summary of the source article
Palantir shares fell 0.8 percent to $192.60 as HSBC Asset Management reviews whether to remove the company from its $9 billion Islamic Global Equity Index fund following questions from UK pension schemes Nest and People's Pension.
Why it matters
Removing Palantir means either HSBC overriding its index or pressing S&P to change the screen, setting "a precedent other faith-based and ESG mandates can follow" with pressure originating from Nest, the UK's largest workplace pension by members.
Key facts
- HSBC Asset Management is reviewing whether to remove Palantir from its roughly $9 billion Islamic Global Equity Index fund, which holds $38.3 million in Palantir shares.
- UK pension schemes Nest and People's Pension questioned or contacted HSBC over the holding, citing Palantir's US and Israeli defence work.
- Palantir closed at $192.60 on October 20, with a market capitalization of $462.8 billion and a trailing P/E of 164.7.
Source excerpt · FinanceFeeds
Updated 21 October 2026. Palantir (PLTR) closed at $192.60 on Tuesday 20 October, down $1.55 or 0.8 percent, after trading $189.42-$196.11, and was $193.44 in after-hours trading at 19:59 ET (StockAnalysis). The new overhang: HSBC Asset Management is reviewing whether Palantir stays in its roughly $9 billion Islamic Global Equity Index fund after questions from UK pension schemes Nest and People's…