The Ontario Teachers’ Pension Plan bought millions of shares of BlackBerry in the third quarter.
In its 13F filing with the U.S. Securities and Exchange Commission (SEC), Teachers’ reported owning more than 8.2 million shares of the Waterloo, Ont.-based company.
At the end of the second quarter, it held just 439,500 BlackBerry shares.
The plan also bought a couple exchange-traded funds (ETFs) in the third quarter.
Teachers’ bought an additional nine million shares of the iShares MSCI Emerging Markets ETF to hold 48.9 million shares. And it purchased 150,000 shares of the iShares MSCI South Korea Capped ETF. It held no shares in the ETF at the end of the second quarter.
The plan also significantly reduced its holding in Bank of America. It owned about 13.2 million shares of the bank at the end of the third quarter, down from more than 30.8 million at the end of the previous quarter.
Institutional investment managers with more than US$100 million in securities traded, such as Teachers’, must file a 13F form with the SEC within 45 days of the end of a calendar quarter.
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