Nokia Oyj Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

WBAG:NOKI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
28 Jul 25	Buy€673	Tommi Uitto	Individual	183	€3.68
28 Jul 25	Buy€673	Patrik Hammaren	Individual	183	€3.68
15 Aug 24	Sell€655,682	Nishant Batra	Individual	180,554	€3.63
08 Aug 24	Buy€11,250	Raghav Sahgal	Individual	3,228	€3.49
08 Aug 24	Buy€7,173	Federico Guillen	Individual	2,058	€3.49
08 Aug 24	Buy€38	Tommi Uitto	Individual	11	€3.46
08 Aug 24	Buy€1,854	Melissa Schoeb	Individual	532	€3.49
08 Aug 24	Buy€9,532	Nishant Batra	Individual	2,735	€3.49

Insider Trading Volume

Insider Buying: NOKI insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NOKI?
Owner Type	Number of Shares	Ownership Percentage
State or Government	7,060,790	0.131%
Individual Insiders	11,197,495	0.208%
Private Companies	24,149,185	0.448%
Sovereign Wealth Funds	325,000,000	6.03%
General Public	2,483,507,963	46.1%
Institutions	2,540,575,107	47.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 40.98% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.06%	BlackRock, Inc.	380,600,841	€1.3b	0.15%	0.02%
6.03%	Solidium Oy	325,000,000	€1.1b	99,900%	14.09%
4.42%	Artisan Partners Limited Partnership	238,557,223	€832.0m	53.5%	0.7%
4.07%	The Vanguard Group, Inc.	219,496,803	€765.5m	1.8%	0.01%
2.21%	Pzena Investment Management, Inc.	119,344,548	€416.2m	-9%	0.85%
1.51%	FMR LLC	81,451,741	€284.1m	-1.73%	0.02%
1.47%	Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm	79,300,000	€276.6m	106,000%	2.1%
1.36%	Varma Mutual Pension Insurance Company, Asset Management Arm	73,265,945	€255.5m	93,500%	1.9%
1.1%	Norges Bank Investment Management	59,483,380	€207.4m	0%	0.02%
1.1%	Deutsche Asset & Wealth Management	59,257,744	€206.7m	8.86%	0.06%
1.09%	Amundi Asset Management SAS	58,886,972	€205.4m	8.15%	0.04%
0.96%	UBS Asset Management AG	51,945,501	€181.2m	-0.35%	0.02%
0.9%	Geode Capital Management, LLC	48,722,474	€169.9m	-0.27%	0.01%
0.87%	Eurizon Capital SGR SpA	46,685,744	€162.8m	1,520%	0.24%
0.85%	Dimensional Fund Advisors LP	45,561,919	€158.9m	6.18%	0.02%
0.77%	Nordea Investment Management, AB	41,260,370	€143.9m	363,000%	0.1%
0.72%	DNB Asset Management AS	38,574,242	€134.5m	0%	0.46%
0.71%	Slate Path Capital LP	38,528,355	€134.4m	26.6%	2.3%
0.66%	E. Öhman J:or Wealth Management	35,682,405	€124.4m	0%	0.76%
0.66%	Lazard Asset Management LLC	35,415,612	€123.5m	54.9%	0.13%
0.6%	Skandia Fonder AB	32,087,422	€111.9m	0%	1.05%
0.59%	Arrowstreet Capital, Limited Partnership	32,030,070	€111.7m	0%	0.09%
0.5%	State Street Global Advisors, Inc.	26,933,511	€93.9m	1.65%	no data
0.39%	Opstock Asset Management	20,835,039	€72.7m	16.6%	14.04%
0.38%	Charles Schwab Investment Management, Inc.	20,623,958	€71.9m	317%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/03 09:59
End of Day Share Price	2025/08/01 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nokia Oyj is covered by 90 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Jean-Michel Salvador	AlphaValue
Richard Kramer	Arete Research Services LLP