First Trust Discloses Significant BlackBerry Stake

Ticker: BB · Form: SC 13G · Filed: 2024-01-10T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, beneficial-ownership

TL;DR

**First Trust just revealed a big stake in BlackBerry, signaling institutional confidence.**

AI Summary

First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, collectively reported beneficial ownership of BlackBerry Ltd. (BB) common stock as of December 31, 2023. This filing indicates that these entities, acting as investment advisers and a parent company, hold a significant stake in BlackBerry, which is important for investors as it signals institutional confidence and a potential long-term interest in the company's performance.

Why It Matters

This filing shows that a major institutional investor, First Trust, has a notable position in BlackBerry, which can influence market perception and potentially provide stability to the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of beneficial ownership by an institutional investor and does not indicate any immediate negative risks.

Analyst Insight

An investor should note that First Trust, a significant institutional player, holds a position in BlackBerry. While this doesn't guarantee future performance, it suggests a level of institutional confidence. Investors might consider researching First Trust's investment thesis for BlackBerry or observing if other institutions follow suit.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G filing, which is used to report beneficial ownership of 5% or more of a class of a company's equity securities by passive investors.

Who are the reporting persons in this SC 13G filing?

The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation, as listed under 'Names of Reporting Persons' on the cover page.

What is the CUSIP number for BlackBerry Ltd. common stock mentioned in the filing?

The CUSIP number for BlackBerry Ltd. common stock is 09228F103, as stated on the cover page of the filing.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[ X ] Rule 13d-1(b)' on the cover page.

From the Filing

EDGAR Filing Documents for 0001445546-24-000137 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001445546-24-000137 Filing Date 2024-01-10 Accepted 2024-01-10 09:33:53 Documents 2 Document Format Files Seq Description Document Type Size 1 SCHEDULE 13G sc13g_3.txt SC 13G 12923 2 JOINT FILING AGREEMENT ex99_3.txt EX-99.1 1942 Complete submission text file 0001445546-24-000137.txt 16469 Mailing Address 2200 UNIVERSITY AVENUE EAST WATERLOO A6 N2K 0A7 Business Address 2200 UNIVERSITY AVENUE EAST WATERLOO A6 N2K 0A7 5198887465 BLACKBERRY Ltd (Subject) CIK : 0001070235 (see all company filings) EIN. : 000000000 | Fiscal Year End: 0229 Type: SC 13G | Act: 34 | File No.: 005-56515 | Film No.: 24525114 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology) Mailing Address 12O EAST LIBERTY DRIVE SUITE 400 WHEATON IL 60187 Business Address 12O EAST LIBERTY DRIVE SUITE 400 WHEATON IL 60187 630-765-8000 FIRST TRUST PORTFOLIOS LP (Filed by) CIK : 0001184765 (see all company filings) EIN. : 000000000 | State of Incorp.: IL Type: SC 13G

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