PRIMECAP Maintains Large BlackBerry Stake: 34.8M Shares

TL;DR

**PRIMECAP still owns a ton of BlackBerry shares, signaling long-term confidence.**

AI Summary

PRIMECAP Management Company, a major investment firm, has updated its holdings in BlackBerry Limited as of December 31, 2023. This Amendment No. 15 to their Schedule 13G filing shows they beneficially own 34,835,822 shares, with sole voting power over 34,401,572 shares. This matters to investors because PRIMECAP is a significant institutional holder, and their continued large stake signals confidence in BlackBerry's long-term prospects, potentially influencing other investors.

Why It Matters

This filing shows a major institutional investor, PRIMECAP Management Company, continues to hold a substantial position in BlackBerry, indicating their ongoing belief in the company's value.

Risk Assessment

Risk Level: low — This filing indicates a stable, large institutional holding, which generally reduces volatility and provides a vote of confidence.

Analyst Insight

A smart investor would note PRIMECAP's continued large holding as a sign of institutional confidence, but also research BlackBerry's fundamentals to understand the basis of this long-term investment rather than solely relying on this filing.

Key Numbers

• 34,835,822 — Total Shares Owned (Represents PRIMECAP Management Company's aggregate beneficial ownership in BlackBerry Limited as of December 31, 2023.)
• 34,401,572 — Sole Voting Power Shares (Indicates the number of shares PRIMECAP Management Company can vote independently.)

Key Players & Entities

• PRIMECAP Management Company (company) — the reporting person and institutional investor
• BlackBerry Limited (company) — the issuer of the securities
• 34,835,822 (dollar_amount) — aggregate amount of shares beneficially owned by PRIMECAP
• 34,401,572 (dollar_amount) — shares over which PRIMECAP has sole voting power
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• PRIMECAP Management Company will maintain a significant stake in BlackBerry Limited for the foreseeable future. (PRIMECAP Management Company) — high confidence, target: 2025-12-31
• BlackBerry's stock price will experience less volatility due to the stability provided by large institutional holders like PRIMECAP. (BlackBerry Limited) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• bba15_21224.htm (SC 13G/A) — 25KB
• 0001085146-24-001098.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: BlackBerry Limited

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2200 University Ave. East, Waterloo, Ontario Canada N2K0A7

(a)

ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105

(c)

ITEM 2(c). CITIZENSHIP: U.S.A.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM

(e)

ITEM 2(e). CUSIP NUMBER: 09228F103 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. OWNERSHIP (a) Amount beneficially owned: 34,835,822 (b) Percent of class: 5.95% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: PRIMECAP Management Company: 34,401,572 (ii) shared power to vote or to direct the vote: PRIMECAP Management Company: 0 (iii) sole power to dispose or direct the disposition of: PRIMECAP Management Company: 34,835,822 (iv) shared power to dispose or to direct the disposition of: PRIMECAP Management Company: 0 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 dat