Hudson Bay, Morgan Stanley took positions in Trump social media firm in Q1


FILE PHOTO: The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) - Hudson Bay Capital Management, Geode Capital Management and Morgan Stanley were among the large institutional investors that took positions in Donald Trump's Trump Media & Technology Group in the first quarter, securities filings showed on Wednesday.

The former president, who is running as the Republican candidate in the Nov. 5 presidential election, holds a majority stake in the company. It owns social media site Truth Social, where Trump has 7 million followers and is a prolific poster.

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