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Yacktman Mutual Fund Doubles Investment in RIM to 4.5% by Buying 12.2 Million Shares

We usually do not mention investments but this one is significant. Bloomberg broke the news this morning that Donald Yacktman, head of Yacktman Asset Management $19 Billion fund, doubled their investment in RIM this past quarter. They bought 12.2 million more shares bringing their stake in RIM to $252 million which is 4.5%. This makes them RIM’s 5th largest investor after Prem Watsa, Mike Lazaridis, Jim Balsillie, and Primecap Management Co.

Check out the details over at Bloomberg. These large investors betting on RIM right before their financial announcements next month is interesting. Most predict that RIM will not announce great results for the past quarter since they will only be releasing new products in the following quarter. Either way it makes me wonder what Yacktman and Watsa know… :)

3 total comments on this postSubmit your comment!
  1. His funds have returned more than 9% the last five years so that says something about his pickings. Might be time to pick up a few shares

  2. This is a huge mistake. RIMM is dead.

    Sincerely,

    Every analyst on the internet

    :)

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