The fund bought 1.5 million shares of Research In Motion ( RIMM), initiating a stake worth $43.3 million during the second quarter, which is a 0.8% portfolio allocation. The company is best known for being an early innovator of wireless-communications devices with its BlackBerry product line, but it has lost market share to Apple's ( AAPL) iPhones and Motorola's ( MMI) Android line of devices. The Waterloo, Ontario-based company announced the layoff of 2,000 workers on July 25 as part of a "cost-optimization program," whereas Apple has been hiring staff. Research in Motion has a market value of $13.1 billion and its shares have a forward price-to-earnings ratio of 4.7 versus the Standard & Poor's 500's 14.2. It had an annual average earnings growth of 53.4% over the past five years, while its revenue grew from $300 million in fiscal 2003 to almost $20 billion in fiscal 2011. But its shares are down 49% over the past three months and 57% this year. Over the past three years its shares have averaged an annual decline of 41%.