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.