Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Dan Loeb Bought 10 Million Shares Of BlackBerry

Julia La RocheFeb 15, 2014, 03:58 IST

REUTERS/Steve Marcus

Hedge fund manager Daniel Loeb, who runs $14 billion Third Point LLC, disclosed a huge stake in Blackberry Ltd.

In his fund's latest 13F filing, Third Point held 10 million shares of BlackBerry during the fourth quarter ended December 31, 2013.

BBRY share closed at $8.98 today, but are up 3% in after-hours trading.

Hedge funds only have to disclose their long equity holdings in these securities filings. Also, keep in mind 13Fs are filed 45 days after the end of each quarter.