Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share (PLTR)

I’m a full-time investor focused on special situations and opportunistic ideas across the public equity markets. My capital is concentrated in a small number of names at any given time. I’d rather own eight to fifteen high-conviction positions than a diversified basket, and I typically hold through multi-quarter or multi-year time horizons rather than trading around short-term price action. Special situations are where I spend most of my research time: spinoffs, post-bankruptcy equities, recapitalizations, activist setups, complex capital structures, forced-seller dynamics, and underfollowed micro- and small-caps where the market is mispricing fundamentals or asymmetrically discounting future cash flows. I’m drawn to ideas where there’s a clear catalyst, where the bear case is well understood, and where information asymmetry creates a window before the broader market catches up. Sector-wise, I gravitate toward companies riding durable secular tailwinds, defense and the broader national-security supply chain, AI infrastructure (the picks-and-shovels layer more than the pure-play LLM names), space and dual-use technology, and digital transformation in legacy industries. The screen is strong unit economics, high incremental returns on invested capital, defensible moats, and management with meaningful skin in the game.