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
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 sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of NOKIA?
Owner Type	Number of Shares	Ownership Percentage
State or Government	7,876,898	0.141%
Individual Insiders	13,911,033	0.249%
Private Companies	33,748,265	0.603%
Sovereign Wealth Funds	325,000,000	5.81%
Institutions	2,542,026,007	45.5%
General Public	2,670,410,313	47.7%

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

Top Shareholders

Top 25 shareholders own 37.38% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.81%	Solidium Oy	325,000,000	Kč41.2b	0%	18.1%
4.48%	BlackRock, Inc.	250,491,363	Kč31.8b	0.26%	0.02%
3.99%	The Vanguard Group, Inc.	223,154,892	Kč28.3b	-0.31%	0.02%
2.82%	Artisan Partners Limited Partnership	157,551,064	Kč20.0b	-0.73%	0.68%
2.34%	Pzena Investment Management, Inc.	131,012,225	Kč16.6b	9.78%	1.31%
1.73%	Keskinäinen Eläkevakuutusyhtiö Ilmarinen	96,900,000	Kč12.3b	22.2%	3.52%
1.62%	FMR LLC	90,385,045	Kč11.5b	0.3%	0.03%
1.42%	Norges Bank Investment Management	79,439,812	Kč10.1b	0%	0.03%
1.31%	Keskinäinen työeläkevakuutusyhtiö Varma	73,265,945	Kč9.3b	0%	2.24%
1.14%	Amundi Asset Management SAS	63,740,134	Kč8.1b	-0.24%	0.07%
0.98%	Deutsche Asset & Wealth Management	54,710,582	Kč6.9b	0.54%	0.08%
0.94%	Eurizon Capital SGR SpA	52,336,834	Kč6.6b	0%	0.59%
0.91%	Geode Capital Management, LLC	50,988,845	Kč6.5b	0.06%	0.02%
0.84%	Keskinäinen vakuutusyhtiö Eläke-Fennia	46,969,000	Kč6.0b	17.1%	3.15%
0.83%	Dimensional Fund Advisors LP	46,674,865	Kč5.9b	0.55%	0.04%
0.81%	UBS Asset Management AG	45,294,391	Kč5.7b	3.82%	0.02%
0.78%	Arrowstreet Capital, Limited Partnership	43,448,456	Kč5.5b	50%	0.16%
0.73%	Nordea Investment Management, AB	40,839,689	Kč5.2b	-1.02%	0.13%
0.66%	Slate Path Capital LP	36,887,202	Kč4.7b	-4.26%	3.12%
0.64%	E. Öhman J:or Wealth Management	35,682,405	Kč4.5b	0%	1.05%
0.57%	Skandia Fonder AB	32,087,422	Kč4.1b	0%	1.44%
0.57%	Altrinsic Global Advisors, LLC	31,810,508	Kč4.0b	0%	1.3%
0.55%	Valtion Elakerahasto - State Pension Fund	31,000,000	Kč3.9b	969%	11.22%
0.48%	DNB Asset Management AS	26,790,911	Kč3.4b	0%	0.44%
0.43%	Opstock Asset Management	24,171,469	Kč3.1b	16%	23.65%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/30 06:58
End of Day Share Price	2025/11/28 00:00
Earnings	2025/09/30
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 60 analysts. 21 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