Vanguard group dislodges Elon Musk as Twitter's largest shareholder

Musk still remains the largest individual shareholder

Elon Musk, who revealed a 9.2% stake in Twitter earlier in April, has been dislodged as the largest shareholder of the micro-blogging platform after US-based money manager The Vanguard Group disclosed it now owns 10.3% of the firm.

A filing submitted to the U.S. Securities and Exchange Commission shows Vanguard raised its ownership in the firm over the course of the first quarter. Vanguard’s holdings in Twitter are now worth $3.78 billion, based on the stock’s closing price on Wednesday, a report in The Wall Street Journal said.

The development comes right on the heels of a takeover offer from Musk for