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Soros Regrets Early Investment in Peter Thiel’s Palantir (2)

Nov. 17, 2020, 8:07 PM

Soros Fund Management, which revealed that it owned 18.46 million shares of Palantir Technologies Inc., said it made the investment in the data-mining company in 2012 and wouldn’t do the same again today.

“SFM made this investment at a time when the negative social consequences of big data were less understood,” the firm said in a statement Tuesday. “SFM would not make an investment in Palantir today.”

George Soros’s investment firm disclosed the holding in its latest 13F regulatory filing late Friday with the U.S. Securities and Exchange Commission. The position was worth $175 million at the ...