Elon Musk’s Portfolio: 5 Biggest Investments

3. Twitter, Inc. (NYSE:TWTR)

Number of Hedge Fund Holders: 83

Latest securities filings reveal that Elon Musk has spent more than $2.6 billion on Twitter, Inc. (NYSE:TWTR) since the end of January, building up a stake in the firm that represents over 9% of the firm. A few days after this filing, Musk offered to buy Twitter for $54.20 per share, valuing the firm at close to $43 billion. In a letter sent to Twitter Chairman Bret Taylor, and also part of the filing, Musk said that “free speech is a societal imperative for a functioning democracy” and Twitter had the potential to be the “the platform for free speech around the globe”. 

Musk’s offer represents a 54% premium on the share price of Twitter, Inc. (NYSE:TWTR) a day before Musk began investing in the company. Musk owns around 73,115,038 Twitter shares that are valued at more than $3.7 billion. 

At the end of the fourth quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $3.1 billion in Twitter, Inc. (NYSE:TWTR), compared to 94 in the preceding quarter worth $6.3 billion. 

ClearBridge Investments, in its Q4 2021 investor letter, mentioned Twitter, Inc. (NYSE:TWTR). Here is what the fund has to say in its letter:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Twitter, Inc. (NYSE:TWTR) shares sold off following weaker than expected third-quarter results, but under new leadership, we see the potential for improved execution and performance as live events and entertainment return to pre-pandemic levels.”