Elon Musk Is Suddenly Twitter’s Largest Shareholder: Here’s a List of the Top 10 Holders

By PAVA REPORTER On Apr 29, 2022

Musk takes 9.2% stake in social-media company, exceeding large institutions and former CEO Jack Dorsey

Elon Musk’s newly disclosed 9.2% stake in Twitter Inc. TWTR 0.97%▲ has made him the largest shareholder of the social media-company, topping co-founder and former Chief Executive Jack Dorsey and elbowing out numerous financial institutions.

Mr. Musk reported owning almost 73.5 million shares of Twitter as of March 14, according to a securities filing Monday.

His stake is now worth $3.7 billion based on Monday’s closing price.

Mr. Musk’s stake bumped Vanguard Group from Twitter’s top shareholder to No. 2, according to FactSet. Morgan Stanley Investment Management Inc. slid to No. 3.

Vanguard and Morgan Stanley declined to comment.

Mr. Dorsey, the only individual other than Mr. Musk who made the top 10 shareholder list, dropped one spot to No. 7. Representatives for Mr. Dorsey didn’t respond to a request for comment.

Jack Dorsey is the only other individual in Twitter’s top 10 shareholder list.PHOTO: JIM WATSON/AGENCE FRANCE-PRESSE/GETTY IMAGES

Mr. Musk is the world’s richest person with a net worth of $273 billion as of Monday, according to the Bloomberg Billionaires Index. He runs electric-vehicle company Tesla Inc. as well as rocket company Space Exploration Technologies Corp., as SpaceX is formally known, and tunneler The Boring Co.

Mr. Musk didn’t disclose plans or intentions behind his Twitter purchase. On Monday he tweeted: “Oh hi lol.”

Twitter CEO Parag Agrawal owns about 507,000 shares of Twitter as of March 1, representing a stake of $19.9 million based on Friday’s closing price, according to FactSet. He became CEO late last year.

Here’s a list of the top 10 Twitter shareholders, according to FactSet.

Top Twitter Shareholders

Top 10 holders in the social-media company

SHAREHOLDER	POSITION (SHARES IN MILLIONS)	PERCENTAGE OUTSTANDING	MARKET VALUE	REPORT DATE	SOURCE
Elon Musk	73.5	9.2%	$2.9 billion	3/14/2022	13G
Vanguard Group	67.2	8.4%	$2.6 billion	12/31/2021	13F
Morgan Stanley Investment Management	64.7	8.1%	$2.5 billion	12/31/2021	13F
BlackRock Fund Advisors	36.5	4.6%	$1.4 billion	12/31/2021	13F
SSgA Funds Management	36.4	4.5%	$1.4 billion	12/31/2021	13F
Aristotle Capital Management	20.1	2.5%	$778 million	12/31/2021	13F
Jack Dorsey	18.0	2.3%	$698 million	04/05/2021	Proxy
ARK Investment Management	17.2	2.2%	$667 million	12/31/2021	13F
Fidelity Management & Research	17.1	2.1%	$662 million	12/31/2021	13F
ClearBridge Investments	16.7	2.1%	$647 million	12/31/2021	13F

Market values are based on Friday’s closing price. Musk’s 13G, filed Monday, reported his Twitter position as of March 14.

Source: FactSet, public filings

Elon Musk, who is now the largest shareholder of Twitter, hasn’t disclosed plans or intentions behind his purchase.PHOTO: CHRISTIAN MARQUARDT/POOL/SHUTTERSTOCK

Write to Joseph De Avila at joseph.deavila@wsj.com and Will Feuer at Will.Feuer@wsj.com

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