FifthDelta Cuts BlackBerry Stake to 4.8%, Now Holds 28M Shares

TL;DR

**FifthDelta just trimmed its BlackBerry stake to 4.8%, watch for potential stock dip.**

AI Summary

FifthDelta Ltd, a UK-based investment firm, filed an amendment (SC 13G/A) on January 26, 2024, updating its ownership in BlackBerry Limited. The filing indicates that FifthDelta Ltd now beneficially owns 28,000,000 common shares of BlackBerry, representing 4.8% of the company's outstanding shares. This is a decrease from their previous reported stake, which matters to investors as it signals a reduction in a significant institutional holder's confidence or a strategic portfolio adjustment, potentially impacting stock sentiment.

Why It Matters

This filing shows a major institutional investor, FifthDelta Ltd, has reduced its stake in BlackBerry, which could be interpreted as a bearish signal by other investors and potentially put downward pressure on the stock price.

Risk Assessment

Risk Level: medium — A reduction in ownership by a significant institutional investor like FifthDelta Ltd can signal decreased confidence, posing a moderate risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind FifthDelta Ltd's reduction in stake and consider if this signals a broader negative outlook for BlackBerry before making any investment decisions.

Key Numbers

• 28,000,000 — Common Shares Owned (FifthDelta Ltd's beneficial ownership in BlackBerry Limited)
• 4.8% — Percentage of Class (FifthDelta Ltd's ownership percentage of BlackBerry's common shares)

Key Players & Entities

• FifthDelta Ltd (company) — reporting person, investment firm
• BlackBerry Limited (company) — subject company, issuer of securities
• 28,000,000 (dollar_amount) — number of common shares beneficially owned by FifthDelta Ltd
• 4.8% (dollar_amount) — percentage of BlackBerry's common shares beneficially owned by FifthDelta Ltd
• January 22, 2024 (date) — date of event requiring the filing
• January 26, 2024 (date) — filing date
• United Kingdom (company) — place of organization for FifthDelta Ltd

Forward-Looking Statements

• BlackBerry's stock price may experience short-term downward pressure. (BlackBerry Limited) — medium confidence, target: Within 1-3 months
• Other institutional investors might re-evaluate their positions in BlackBerry. (Institutional Investors) — medium confidence, target: Within 3-6 months

FAQ

Filing Documents

• fifthdeltabb13ga4q2022.htm (SC 13G/A) — 83KB
• 0000945621-24-000121.txt ( ) — 85KB

(a)

Item 1(a). Name of Issuer: BlackBerry Limited (the "Issuer")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 2200 University Ave East, Waterloo, Ontario Canada N2K 0A7

(a)

Item 2(a). Name of Persons Filing: This Schedule 13G is being jointly filed by FIFTHDELTA LTD (the "Manager"), a private limited company organized under the laws of England and Wales and FIFTHDELTA Master Fund Limited (the "Master Fund"), an exempted company incorporated in the Cayman Islands with limited liability with respect to the ownership of ordinary shares of the Issuer (the "Shares") by the Master Fund.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of the Manager is: 15 Sackville Street, 1st Floor London W1S 3DJ United Kingdom The address of the principal business office of the Master Fund is: c/o Walkers Corporate Limited 190 Elgin Avenue George Town, Grand Cayman KY1-9008 Cayman Islands

(c)

Item 2(c). Citizenship: The Manager is organized under the laws of the United Kingdom. The Master Fund is organized under the laws of the Cayman Islands.

(d)

Item 2(d). Title of Class of Securities: Common Shares

(e)

Item 2(e). CUSIP Number: 09228F103 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): Not applicable. Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. A. FIFTHDELTA LTD (a) Amount beneficially owned: 28,394,418 (b) Percent of class: 4.85%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 28,394,418 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 28,394,418 B. FIFTHDELTA Master Fund Limited (a) Amount beneficially owned: 28,394,418 (b) Percent of class: 4.85%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 28,394,418 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 28,394,418 *The beneficial ownership percentage reported herein is based on 585,350,929 Common Shares issued and outstanding as of December 18, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended November 30, 2023, as filed with the Securities and Exchange Commission on December 21, 2023. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.