In this article, you will learn who are the top 5 Twitter shareholders. According to the SEC filing, as of April 2022, Elon Musk held 9% of the company, making him the biggest individual Twitter shareholder. Among the company insiders, Saudi Arabian investor Prince Alwaleed bin Talal and Twitter founder Jack Dorsey were major Twitter shareholders with 4.57% and 2.67% holdings, respectively.
Who are the Top 5 Twitter Shareholders?
- Vanguard Group
Pennsylvania-based investment advisor Vanguard Group was the largest shareholder of Twitter with a shareholding of about 10.3%, according to its form 13G filing dated 31 March 2022. WallStreetZen data, as of 25 July, showed the company owned 10.78% of Twitter.
- Elon Musk
On 4 April 2022. a SEC filing revealed that Tesla founder Musk had accumulated over 73.1 million shares in Twitter, representing 9.1% of company stock, to make him Twitter’s largest individual shareholder.
- Blackrock
Blackrock is the largest asset manager in the world with AUM worth about $9.5bn, as of the company’s latest earnings report.
The global investment firm held over 52 million shares in Twitter, representing 6.5% of the company’s common stock, according to a SEC filing on 8 February 2022. WallStreetZen data as of 25 July showed that the asset manager held 6.7% of Twitter stock.
- Morgan Stanley
Investment bank Morgan Stanley (MS) was Twitter’s third largest institutional Twitter shareholder and fourth biggest investor of Twitter overall.
According to the company’s SEC filing on 10 February 2022. Morgan Stanley held over 67 million shares in Twitter amounting to 8.4% of the company’s common shares.However, the WallStreetZen data as of 25 July showed that the company held 4.97% of the total Twitter stock.
- State Street Corp
Institutional investment services provider State Street Corporation is another of the major Twitter shareholders. It held over 36.4 million shares at the end of the first quarter of 2022. representing about 4.5% of the company’s total outstanding shares. The WallStreetZen data as of 25 July showed that the company held 4.78% of the total Twitter stock.
What is Twitter?
Twitter is a micro-blogging platform which was founded in 2006 by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams. The company, based in San Francisco, became listed on New York Stock Exchange (NYSE) in 2013 under the ticker TWTR.
On 29 November 2021. Twitter announced that co-founder Jack Dorsey has decided to step down as CEO. Parag Agrawal, who was serving as CTO, was chosen as Dorsey’s successor.
In April 2022. Agrawal faced a trial by fire as Tesla (TSLA) co-founder and Twitter shareholder Elon Musk disclosed a 9% stake in the company and launched an unsolicited bid to buy Twitter with an all-cash offer of $54.20 a share.
Musk also voiced this intent to take the company private. The parties agreed to a deal on 25 April 2022 upon the closure of which Twitter would be delisted from the NYSE.
However, less than three months later Musk sent a notice to Twitter to terminate the acquisition deal citing alleged breach of information sharing agreement and “materially inaccurate representations”, among others. In response, Twitter has filed a lawsuit against Musk. The trial is being scheduled for October 2022. according to the company.
Bottom Line
Knowing who owns the most of Twitter’s stock can help in understanding the company's objectives. Big investors typically have substantial influence over the future potential of the company. This article is about who are the top 3 Twitter shareholders.
