Activists urge Swiss National Bank to sell Palantir stake
A Minneapolis delegation asked the Swiss National Bank on Friday to sell its 1.1 billion dollar stake in Palantir. They cite concerns over immigration enforcement.
Campaigners from Minneapolis have formally urged the central bank of Switzerland to divest from its significant holding in PALANTIR TECHNOLOGIES INC-A, citing ethical concerns regarding the firm's involvement in immigration enforcement. The request was presented during a shareholder meeting in Bern on Friday, highlighting a $1.1 billion stake held by the Swiss National Bank (SNB).
According to recent filings with the U.S. Securities and Exchange Commission, the SNB held 6.24 million shares of the data analytics company at the end of 2025. This investment is part of a broader 725 billion Swiss franc ($922 billion) foreign currency portfolio managed by the bank. The delegation from the United States argued that the company's contracts with U.S. Immigration and Customs Enforcement (ICE) to develop surveillance systems conflict with the central bank's investment guidelines.
