Trouble Ahead? BlackBerry’s Biggest Investors Reduce Stakes, Board of Directors Thins Out

BlackBerry board member Bert Nordberg will be leaving the company’s board next month, according to a filing Thursday with the U.S. Securities and Exchange Commission, while BlackBerry’s two biggest investors are reducing their stakes in the Waterloo-based smartphone maker.

Nordberg won’t be seeking re-election. And Prem Watsa’s Fairfax Financial Holdings and activist fund manager Dan Loeb are both trimming their positions: Fairfax shed five million shares while Loeb’s Third Point LLC sold 10 million.