Nokia Oyj Ownership

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

Recent Insider Transactions

XTRA:NOA3 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Nov 25	Buy€30	Tommi Uitto	Individual	5	€6.06
13 Nov 25	Buy€818	Louise Fisk	Individual	135	€6.06
13 Nov 25	Buy€13,284	Raghav Sahgal	Individual	2,192	€6.06
29 Oct 25	Sell€364,078	Tommi Uitto	Individual	57,589	€6.32
27 Oct 25	Buy€670	Tommi Uitto	Individual	125	€5.36
14 Aug 25	Buy€21	Tommi Uitto	Individual	6	€3.58
14 Aug 25	Buy€11,124	Raghav Sahgal	Individual	3,108	€3.58
14 Aug 25	Buy€1,085	Louise Fisk	Individual	303	€3.58
14 Aug 25	Buy€18	Patrik Hammaren	Individual	5	€3.58
14 Aug 25	Buy€10,251	Nishant Batra	Individual	2,864	€3.58
28 Jul 25	Buy€673	Tommi Uitto	Individual	183	€3.68
28 Jul 25	Buy€673	Patrik Hammaren	Individual	183	€3.68

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NOA3?
Owner Type	Number of Shares	Ownership Percentage
State or Government	7,160,086	0.128%
Individual Insiders	15,913,370	0.284%
Private Companies	31,558,052	0.563%
Sovereign Wealth Funds	325,000,000	5.8%
General Public	2,524,844,974	45.1%
Institutions	2,698,471,359	48.2%

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

Top Shareholders

Top 25 shareholders own 40.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.8%	Solidium Oy	325,000,000	€2.1b	0%	19.21%
4.45%	BlackRock, Inc.	249,232,679	€1.6b	1.18%	0.02%
4.07%	The Vanguard Group, Inc.	228,026,197	€1.5b	-0.43%	0.02%
3%	FMR LLC	167,919,284	€1.1b	85.8%	0.06%
2.97%	GPU Ventures	166,389,351	€1.1b	0%	7.15%
2.68%	Artisan Partners Limited Partnership	150,055,000	€964.0m	-4.77%	0.78%
1.81%	Pzena Investment Management, Inc.	101,166,662	€649.9m	13%	1.11%
1.63%	Keskinäinen työeläkevakuutusyhtiö Varma	91,265,945	€586.3m	24.6%	3.11%
1.42%	Norges Bank Investment Management	79,439,812	€510.3m	0%	0.04%
1.41%	Keskinäinen Eläkevakuutusyhtiö Ilmarinen	79,261,357	€509.2m	-18.2%	3.38%
1.12%	Amundi Asset Management SAS	62,688,300	€402.7m	0%	0.08%
1.03%	Eurizon Capital SGR SpA	57,643,939	€370.3m	1.37%	0.63%
1.02%	Deutsche Asset & Wealth Management	57,396,794	€368.7m	0.3%	0.09%
0.97%	UBS Asset Management AG	54,095,340	€347.5m	11.4%	0.03%
0.96%	Geode Capital Management, LLC	53,843,887	€345.9m	0.23%	0.02%
0.85%	Dimensional Fund Advisors LP	47,383,437	€304.4m	1.26%	0.05%
0.84%	Arrowstreet Capital, Limited Partnership	47,344,819	€304.1m	8.97%	0.2%
0.72%	Nordea Investment Management, AB	40,220,923	€258.4m	-1.52%	0.16%
0.65%	Keskinäinen vakuutusyhtiö Eläke-Fennia	36,242,000	€232.8m	-22.8%	2.79%
0.6%	Slate Path Capital LP	33,686,602	€216.4m	-8.68%	3.4%
0.49%	Goldman Sachs Asset Management, L.P.	27,344,521	€175.7m	0.14%	0.04%
0.48%	Valtion Elakerahasto - State Pension Fund	27,000,000	€173.4m	-12.9%	10.67%
0.47%	Strategic Advisers LLC	26,311,498	€169.0m	106%	0.05%
0.47%	Point72 Asset Management, L.P.	26,104,442	€167.7m	23.5%	0.32%
0.37%	State Street Global Advisors, Inc.	20,955,329	€134.6m	1.99%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/22 09:39
End of Day Share Price	2026/02/20 00:00
Earnings	2025/12/31
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 57 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
Richard Kramer	Arete Research Services LLP
James Kelleher	Argus Research Company