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
15 May 26	BuyKč395,120	Raghav Sahgal	Individual	1,344	Kč293.99
15 May 26	BuyKč141,702	David Heard	Individual	482	Kč293.99
15 May 26	BuyKč35,573	Louise Fisk	Individual	121	Kč293.99
28 Apr 26	BuyKč18,806,392	Justin Hotard	Individual	84,404	Kč222.81
28 Apr 26	BuyKč11,077,823	Timo Ihamuotila	Individual	50,000	Kč221.65
19 Mar 26	SellKč5,733,938	Thomas Dannenfeldt	Individual	33,500	Kč171.16
10 Mar 26	SellKč24,548,024	Raghav Sahgal	Individual	150,000	Kč163.65
19 Feb 26	BuyKč365,399	Raghav Sahgal	Individual	2,391	Kč152.82
19 Feb 26	BuyKč26,591	Louise Fisk	Individual	174	Kč152.82
19 Feb 26	BuyKč38,358	David Heard	Individual	251	Kč152.82
13 Nov 25	BuyKč732	Tommi Uitto	Individual	5	Kč146.31
13 Nov 25	BuyKč19,761	Louise Fisk	Individual	135	Kč146.38
13 Nov 25	BuyKč320,863	Raghav Sahgal	Individual	2,192	Kč146.38
29 Oct 25	SellKč8,859,662	Tommi Uitto	Individual	57,589	Kč153.84
27 Oct 25	BuyKč16,297	Tommi Uitto	Individual	125	Kč130.38
14 Aug 25	BuyKč526	Tommi Uitto	Individual	6	Kč87.62
14 Aug 25	BuyKč272,571	Raghav Sahgal	Individual	3,108	Kč87.70
14 Aug 25	BuyKč26,573	Louise Fisk	Individual	303	Kč87.70
14 Aug 25	BuyKč438	Patrik Hammaren	Individual	5	Kč87.62
14 Aug 25	BuyKč251,172	Nishant Batra	Individual	2,864	Kč87.70
28 Jul 25	BuyKč16,556	Tommi Uitto	Individual	183	Kč90.47
28 Jul 25	BuyKč16,556	Patrik Hammaren	Individual	183	Kč90.47

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	6,253,036	0.115%
Individual Insiders	19,646,434	0.36%
Private Companies	33,947,848	0.622%
Sovereign Wealth Funds	325,000,000	5.95%
General Public	2,154,789,038	39.5%
Institutions	2,919,747,101	53.5%

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

Top Shareholders

Top 25 shareholders own 43.57% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.29%	FMR LLC	507,094,075	Kč139.2b	-10.5%	0.28%
5.95%	Solidium Oy	325,000,000	Kč89.2b	0%	30.68%
4.36%	BlackRock, Inc.	238,154,573	Kč65.4b	-4.82%	0.03%
3.05%	GPU Ventures	166,389,351	Kč45.7b	0%	5.47%
2.88%	Vanguard Capital Management, LLC	157,334,518	Kč43.2b	0.59%	0.03%
2.47%	Artisan Partners Limited Partnership	134,774,623	Kč37.0b	-9.06%	1.08%
1.67%	Keskinäinen työeläkevakuutusyhtiö Varma	91,265,945	Kč25.1b	0%	4.66%
1.56%	Norges Bank Investment Management	85,402,266	Kč23.4b	0%	0.06%
1.37%	Keskinäinen Eläkevakuutusyhtiö Ilmarinen	74,963,082	Kč20.6b	-5.42%	4.94%
1.18%	Pzena Investment Management, Inc.	64,477,882	Kč17.7b	-30.7%	1.07%
0.99%	Geode Capital Management, LLC	53,776,552	Kč14.8b	-5.25%	0.03%
0.91%	Amundi Asset Management SAS	49,928,270	Kč13.7b	1.43%	0.09%
0.87%	Dimensional Fund Advisors LP	47,761,277	Kč13.1b	-0.76%	0.07%
0.84%	Vanguard Fiduciary Trust Company	46,082,814	Kč12.7b	0.5%	0.07%
0.82%	UBS Asset Management AG	44,981,944	Kč12.3b	4.73%	0.04%
0.77%	Arrowstreet Capital, Limited Partnership	41,881,377	Kč11.5b	0.01%	0.24%
0.74%	Nordea Investment Management, AB	40,349,639	Kč11.1b	63.7%	0.27%
0.66%	Slate Path Capital LP	35,838,802	Kč9.8b	6.39%	4.74%
0.63%	Deutsche Asset & Wealth Management	34,191,981	Kč9.4b	2.15%	0.09%
0.55%	Keskinäinen vakuutusyhtiö Eläke-Fennia	29,898,000	Kč8.2b	-17.5%	3.84%
0.47%	Vanguard Asset Management, Limited	25,496,638	Kč7.0b	1.4%	0.11%
0.42%	Charles Schwab Investment Management, Inc.	23,108,457	Kč6.3b	2.85%	0.03%
0.37%	ARGA Investment Management, LLC	20,388,202	Kč5.6b	166%	6.06%
0.37%	Altrinsic Global Advisors, LLC	20,168,203	Kč5.5b	-14.4%	1.73%
0.37%	DNB Asset Management AS	20,085,629	Kč5.5b	0%	0.59%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/07 17:38
End of Day Share Price	2026/07/07 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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 60 analysts. 24 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
Richard Kramer	Arete Research Services LLP
James Kelleher	Argus Research Company