Hedge fund manager Daniel Loeb, who runs $14 billion Third Point LLC, has disclosed a huge stake in Blackberry.
In his fund’s latest 13F filing, Third Point held 10 million shares of BlackBerry during the fourth quarter ended December 31, 2013.
The position has a current value of $92M, and is good for nearly a 2% stake in the company.
BBRY shares closed at $8.98 today, but are up 3% in after-hours trading.
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