Two Funds Calling In With Top BlackBerry Ownership

It's not unusual for a stock to show obvious volatility on a daily chart. But even the weekly chart of

indicates a stock that's prone to wide price swings, and may be difficult to hold. In fact, its beta is 1.18, a sign of its volatility.

The stock climbed higher, albeit in tepid trading volume, on news of the company's new Classic smartphone.

The stock has been a disappointment in recent years, while the broader market has rallied to all-time highs. Institutional ownership pushes stock prices higher, but fund ownership of

has essentially remained stagnant over the past four quarters. Around 530 domestic

and

currently own shares. That number has decreased over the past couple of years.

A fund with a large position in the stock is

. It holds 3.28 percent of BlackBerry shares, accounting for 2.82 percent of fund assets.

This is an actively managed fund that invests mainly in domestic companies with good earnings growth prospects. It has no constraints when it comes to market capitalization or sector, although it's traditionally been most heavily weighted toward small- and mid-cap stocks.

The fund's year-to-date total return is 12 percent. Total assets are $5.7 billion.

BlackBerry is the fund's top holding.

The

owns 1.98 percent of BlackBerry shares, for a total of 0.23 percent of fund assets. This fund invests in stocks the managers believe have good growth potential, but are currently undervalued. Managers invest primarily in large- and mid-cap stocks.

The fund has total assets of $46.7 billion. Technology and healthcare are the top sectors represented. Its year-to-date return is 15.31 percent.

Top fund holdings are: