In the second quarter, activist investor Elliott Management Corp. sold all its holdings in Twitter Inc., which is locked in a messy feud with Tesla Inc. CEO Elon Musk.

Musk offered to acquire the microblogging platform for $44 billion in an all-cash, go-private transaction, which was accepted by the Twitter board in April. Musk, however, terminated the deal in July, alleging that Twitter was in "material breach" of obligations under the agreement for failing to provide requested data.

Twitter is fighting the termination, suing Musk in an effort to close the deal. A trial is set for October.

Elliott held a 1.31% stake in Twitter, valued at $386.9 million, as of March 31. The divestment was the firm's largest for the second quarter, based on Form 13F filings analyzed by S&P Global Market Intelligence.

The hedge fund made four exits – all in the energy and utilities and the technology, media and telecommunications sectors – during the three-month period ended June 30. Aside from Twitter, Elliott exited all its holdings in Evergy Inc., AT&T Inc. and APA Corp.

The total value of Elliott's common stock holdings fell to $4.69 billion as of June 30, from $5.53 billion as of March 31.

Elliott's largest common stock investment is a $1.29 billion stake in Howmet Aerospace Inc., representing a 9.87% ownership in the company.

During the quarter, the firm took initial positions in six companies, including Aerojet Rocketdyne Holdings Inc., Pinterest Inc. and PayPal Holdings Inc.

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