Will Research In Motion’s Most Important Institutional Investors Hit the Sell Button on Analyst’s iPhone Forecast?

Research in Motion (NASDAQ:RIMM) shares are facing a beating to the downside of over 8% in trading action today. Overall, the stock is only down over 9% since the start of the year, making today a large contributor to the total decline. Heavyweight Piper Jaffray analyst Gene Munster shared with CNBC views this morning his opinion that Apple (NASDAQ:AAPL) will hit $1,000 by 2014, leaving no room for Research in Motion to compete. Are institutional shareholders of RIMM stock cutting their losses now in anticipation of major market share loss to the iPhone and Android phones?

211 institutional firms indicated owning shares of Research In Motion Limited (NASDAQ:RIMM) in both Q3 2011 and Q4 2011. These firms reported owning a total of 258.149 million shares on 09/30/2011 and 228.717 million shares on 12/31/2011. The shares closed at $20.30 on 09/30/2011 and $14.50 on 12/31/2011, for an aggregate market value of $5.24 billion and $3.316 billion, respectively.

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Here are the ten largest positions in Research in Motion’s stock as of the end of December 31st, 2011.

PRIMECAP MANAGEMENT CO/CA/ held 29,058,673 shares on 09/30/2011 which were worth $589,891,062. On 12/31/2011 the firm held 28,413,373 shares worth $411,993,909. This represented a reduction of 645,300 shares or $177,897,153.

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN held 11,798,300 shares on 09/30/2011 which were worth $239,505,490. On 12/31/2011 the firm held 12,798,300 shares worth $185,575,350. This represented an increase of 1,000,000 shares or $53,930,140.

MANUFACTURERES LIFE INSURANCE CO held 6,901,834 shares on 09/30/2011 which were worth $140,107,230. On 12/31/2011 the firm held 10,968,004 shares worth $159,036,058. This represented an increase of 4,066,170 shares or $18,928,828.

INVESCO LTD. held 11,324,361 shares on 09/30/2011 which were worth $229,884,528. On 12/31/2011 the firm held 9,965,267 shares worth $144,496,372. This represented a reduction of 1,359,094 shares or $85,388,157.

YACKTMAN ASSET MANAGEMENT CO/IL held 3,445,855 shares on 09/30/2011 which were worth $69,950,857. On 12/31/2011 the firm held 9,606,454 shares worth $139,293,583. This represented an increase of 6,160,599 shares or $69,342,727.

BLACKROCK INC. held 8,533,051 shares on 09/30/2011 which were worth $173,220,935. On 12/31/2011 the firm held 9,159,473 shares worth $132,812,359. This represented an increase of 626,422 shares or $40,408,577.

ROYAL BANK OF CANADA held 10,702,084 shares on 09/30/2011 which were worth $217,252,305. On 12/31/2011 the firm held 7,330,038 shares worth $106,285,551. This represented a reduction of 3,372,046 shares or $110,966,754.

BMO FINANCIAL CORP held 8,593,136 shares on 09/30/2011 which were worth $174,440,661. On 12/31/2011 the firm held 7,025,103 shares worth $101,863,994. This represented a reduction of 1,568,033 shares or $72,576,667.

TORONTO DOMINION BANK held 5,343,694 shares on 09/30/2011 which were worth $108,476,988. On 12/31/2011 the firm held 6,332,083 shares worth $91,815,204. This represented an increase of 988,389 shares or $16,661,785.

CIBC WORLD MARKETS INC. held 5,163,329 shares on 09/30/2011 which were worth $104,815,579. On 12/31/2011 the firm held 5,461,048 shares worth $79,185,196. This represented an increase of 297,719 shares or $25,630,383.

About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

To contact the reporter on this story: Alex Capel at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com