New York City Comptroller Mark Levine is raising concerns about Palantir Technologies and the city’s pension fund investments in the company, citing fiduciary oversight issues and its involvement with U.S. immigration enforcement agencies.
In a statement accompanying a letter posted on the website of the New York City Comptroller's Office, Levine addressed Palantir’s role in U.S. Immigration and Customs Enforcement (ICE) operations.
"Palantir purposefully declined to contract with ICE’s Enforcement and Removal Operations over risks of disproportionate immigration enforcement but has since expanded its involvement in ERO’s operations," said Levine. "This stark reversal represents a material change in the Company’s role in these activities."
The letter was issued in Levine’s capacity as investment adviser and trustee for the city’s pension systems and focuses on governance and oversight of technology companies that contract with federal agencies.
The five New York City public pension systems collectively manage about $311 billion in assets and are long-term shareholders in Palantir Technologies. The funds provide retirement benefits to city workers and retirees and invest across a diversified portfolio that includes major technology firms, according to the comptroller’s office.
ICE reported increased interior enforcement activity during 2025, including higher levels of arrests and removals under federal immigration laws, according to agency statistics. The agency has said its operations focus on enforcing existing immigration laws nationwide.
Levine became New York City comptroller on Jan. 1, 2026, after winning election the previous November. He previously served as Manhattan borough president from 2022 to 2025 and as a New York City Council member representing Manhattan’s 7th District from 2014 to 2021. Earlier in his career, he worked as a bilingual math and science teacher in the South Bronx and founded a community credit union.
