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On Monday, December 10th, both Fidelity and T. Rowe Price filed reports with the SEC indicating that they each made significant Big Bets in VRSN.

Fidelity increased their existing holdings by more than 130%, making an apparent Big Bet of more than $500 million.

T. Rowe Price increased their existing holdings by more than 55%, making an apparent Big Bet of almost $400 million.

Interestingly, it’s a rare occurrence when two large institutional investors make such Big Bets in the same stock in the same month.
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