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Comment by enjoyyourlife | Hacker News Reader

I'm surprised Fidelity is on the list. Your retirement account might still own shares of X

Fidelity has long been known to be one of the owners of X; their markdowns on the value of their X holdings have long been the most common citation of how far X's value has plummeted under Musk's stewardship.

Fidelity is one of the largest asset managers in the world ($4.9T in assets).

They have a piece of almost every pie.

But the other major asset managers don't have nearly the same exposure. Embarrassing for Fidelity.

https://en.wikipedia.org/wiki/List_of_asset_management_firms

IMO it was a pretty good gamble. Even if his mental decline seemed obvious, it wasn't obvious they would be prying X from his cold dead hands at all or nearly this late.

Most of the listed shareholders were shareholders in Twitter well before Musk bought it - in fact, it was during Twitter's IPO roadshow.

For example - DFJ (2010), the Al Saud family (2011), and Fidelity (2011).

In this case, these are minority investors restoring their ownership stake.

I'm not surprised, Fidelity also owns a piece of SpaceX.

Yeah how does owning private stock work for those funds? Kind of interesting. For most funds don’t they constantly sell and buy each stock to rebalance it

There is vast number of different types of funds that invest in nearly anything you can imagine. Real estate, land(farmland and forrest), public stocks, bonds. Also why not private stocks.

ETFs traded on exchanges and index funds is just very special setups. Which don't prevent other forms of funds that is essentially piles of money given out for them to manage often with limitations of pulling it out.

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