Forgot your password?

Fairfax Financial & Third Point Trim Their BlackBerry Holdings

Prem Watsa Discussion

The latest news over the weekend is that two of BlackBerry’s major investors have cut down a bit of their holdings in BlackBerry stock. Prem Watsa’s Fairfax Financial has sold off 5.2 million shares and Dan Loeb’s Third Point LLC sold off the 10 million shares it picked up last year. This puts Fairfax owning 46.7 million shares which is about 9% of the company and now only the second largest investor after Primecap Management’s 10.4%.

My guess is Fairfax just found an opportune time but they still have a large share in the company. Check out the details over at the Financial Post.

6 total comments on this postSubmit your comment!
  1. hey ronen, U are wrong!!!!! It is called rebalancing!!!!!!!

  2. This is normal practice for Billionairs. Nothing wrong with selling some of its shares. Where there is a seller, there’s always a buyer.

  3. Did they lose money on the sale or make a profit?

  4. Actually, this was reported after mkt close on Thursday.

    In a couple of days, the newspapers will report that Point72 (formerly SAC capital) initiated a position in bbry. 😉

BlackBerry© is a registered Trademark of BlackBerry Limited. BerryReview is in no way affiliated with BlackBerry Limited though sometimes their lawyers send us love letters...

Copyright © 2007-‘2016’ BerryReview LLC