Telescope Investing

My Portfolio / Every company I’ve owned /

$PLTR · Palantir

My position from May 2024 to Oct 2026 · 2 buys and 5 sells · sold out · AI / Cloud

$20$50$100$20020252026BuySellMy average cost
What the pick did
8.6×
The stock in pounds, while I held it; 9.0× in dollars
S&P 500, same time1.4×
What my money did
4.6×
Pounds back (sold, still held and dividends) for every pound in, after costs
Sold · all of the money in4.6×
S&P 500, same buys and sells1.2×

Every decision

  • 19 October 2026Sold

    Moat rests largely on a deployment playbook that the AI labs are copying + an integration layer that coding agents are making cheap, so even if revenue holds, the multiple may compress towards services-like economics. Government revenue is better protected, but commercial growth may slow as mid-sized customers find they're able to turn to in-house builds or lab-led deployments using state-of-the-art models

  • 11 November 2025Sold

    Trimmed down to 1% on valuation

  • 2 October 2025Sold

    Trim again on valuation, keeping it to 2% allocation

  • 28 April 2025Sold

    Trim most overvalued holdings while market feels very volatile

  • 13 November 2024Sold

    Trim based on valuation while markets are very frothy

  • 3 October 2024Bought

    Military increasing importance with multiple wars escalating, commerical long term strategic positioning as LLM agents become the standard for b2b and b2c

  • 31 May 2024Bought

    On prem AI, importance for defence

On the podcast and in writing

In percentages and multiples, as one portfolio. Past performance is not a guide to future returns. Nothing here is financial advice, and I may buy or sell at any time.