Nokia Oyj Ownership

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

Recent Insider Transactions

SEP:NOKIA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
28 Jul 25	BuyKč16,556	Tommi Uitto	Individual	183	Kč90.47
28 Jul 25	BuyKč16,556	Patrik Hammaren	Individual	183	Kč90.47
15 Aug 24	SellKč16,537,457	Nishant Batra	Individual	180,554	Kč91.59
08 Aug 24	BuyKč284,320	Raghav Sahgal	Individual	3,228	Kč88.08
08 Aug 24	BuyKč181,267	Federico Guillen	Individual	2,058	Kč88.08
08 Aug 24	BuyKč961	Tommi Uitto	Individual	11	Kč87.35
08 Aug 24	BuyKč46,858	Melissa Schoeb	Individual	532	Kč88.08
08 Aug 24	BuyKč240,897	Nishant Batra	Individual	2,735	Kč88.08

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of NOKIA?
Owner Type	Number of Shares	Ownership Percentage
State or Government	2,771,894	0.0514%
Individual Insiders	11,197,495	0.208%
Private Companies	17,944,185	0.333%
Sovereign Wealth Funds	325,000,000	6.03%
Institutions	2,415,622,653	44.8%
General Public	2,618,954,313	48.6%

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

Top Shareholders

Top 25 shareholders own 39.32% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.06%	BlackRock, Inc.	380,600,841	Kč32.7b	0.15%	0.02%
6.03%	Solidium Oy	325,000,000	Kč27.9b	99,900%	13.43%
4.07%	The Vanguard Group, Inc.	219,496,803	Kč18.8b	1.8%	0.01%
2.88%	Artisan Partners Limited Partnership	155,397,232	Kč13.3b	1.71%	0.45%
2.21%	Pzena Investment Management, Inc.	119,344,548	Kč10.2b	-9%	0.85%
1.51%	FMR LLC	81,451,741	Kč7.0b	-1.73%	0.02%
1.47%	Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm	79,300,000	Kč6.8b	106,000%	1.97%
1.36%	Varma Mutual Pension Insurance Company, Asset Management Arm	73,265,945	Kč6.3b	93,500%	1.79%
1.1%	Norges Bank Investment Management	59,483,380	Kč5.1b	0%	0.02%
1.1%	Deutsche Asset & Wealth Management	59,257,744	Kč5.1b	8.86%	0.06%
1.09%	Amundi Asset Management SAS	58,886,972	Kč5.1b	8.15%	0.04%
0.96%	UBS Asset Management AG	51,945,501	Kč4.5b	-0.35%	0.02%
0.9%	Geode Capital Management, LLC	48,722,474	Kč4.2b	-0.27%	0.01%
0.87%	Eurizon Capital SGR SpA	46,685,744	Kč4.0b	1,520%	0.23%
0.85%	Dimensional Fund Advisors LP	45,561,919	Kč3.9b	6.18%	0.02%
0.72%	DNB Asset Management AS	38,574,242	Kč3.3b	0%	0.44%
0.71%	Slate Path Capital LP	38,528,355	Kč3.3b	26.6%	2.33%
0.66%	E. Öhman J:or Wealth Management	35,682,405	Kč3.1b	0%	0.72%
0.66%	Lazard Asset Management LLC	35,415,612	Kč3.0b	54.9%	0.12%
0.65%	Nordea Investment Management, AB	35,045,631	Kč3.0b	308,000%	0.08%
0.6%	Skandia Fonder AB	32,087,422	Kč2.8b	0%	1.0%
0.59%	Arrowstreet Capital, Limited Partnership	32,030,070	Kč2.7b	0%	0.09%
0.5%	State Street Global Advisors, Inc.	26,933,511	Kč2.3b	1.65%	no data
0.38%	Charles Schwab Investment Management, Inc.	20,623,958	Kč1.8b	317%	0.01%
0.38%	JP Morgan Asset Management	20,622,370	Kč1.8b	7.81%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/01 03:07
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