Nokia Oyj Ownership

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

Recent Insider Transactions

BATS-CHIXE:NOKIAS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
15 Aug 24	SellSEK 7,570,626	Nishant Batra	Individual	180,554	SEK 41.93
08 Aug 24	BuySEK 129,282	Raghav Sahgal	Individual	3,228	SEK 40.05
08 Aug 24	BuySEK 82,423	Federico Guillen	Individual	2,058	SEK 40.05
08 Aug 24	BuySEK 437	Tommi Uitto	Individual	11	SEK 39.72
08 Aug 24	BuySEK 21,307	Melissa Schoeb	Individual	532	SEK 40.05
08 Aug 24	BuySEK 109,537	Nishant Batra	Individual	2,735	SEK 40.05
23 Jul 24	BuySEK 7,075	Tommi Uitto	Individual	177	SEK 39.97
10 May 24	BuySEK 117,131	Ricky Corker	Individual	2,857	SEK 41.00
10 May 24	BuySEK 491	Tommi Uitto	Individual	12	SEK 40.89
10 May 24	BuySEK 172,971	Raghav Sahgal	Individual	4,219	SEK 41.00
10 May 24	BuySEK 146,117	Nishant Batra	Individual	3,564	SEK 41.00
10 May 24	BuySEK 22,795	Melissa Schoeb	Individual	556	SEK 41.00
10 May 24	BuySEK 109,711	Federico Guillen	Individual	2,676	SEK 41.00

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 NOKIAS?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	344,983	0.0064%
State or Government	2,771,894	0.0514%
Individual Insiders	4,889,005	0.0907%
Institutions	2,087,962,170	38.7%
General Public	3,293,697,635	61.1%

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

Top Shareholders

Top 25 shareholders own 29.49% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.05%	BlackRock, Inc.	380,026,801	SEK 17.8b	-0.03%	0.03%
3.93%	The Vanguard Group, Inc.	211,589,002	SEK 9.9b	1.13%	0.02%
2.83%	Artisan Partners Limited Partnership	152,778,025	SEK 7.2b	-0.09%	0.66%
2.5%	Pzena Investment Management, Inc.	134,525,283	SEK 6.3b	-4.98%	1.37%
1.1%	Norges Bank Investment Management	59,483,380	SEK 2.8b	0%	0.03%
1.03%	Amundi Asset Management SAS	55,452,268	SEK 2.6b	-0.02%	0.06%
1%	FMR LLC	53,758,522	SEK 2.5b	6.95%	0.02%
0.96%	Deutsche Asset & Wealth Management	51,938,625	SEK 2.4b	0.74%	0.08%
0.95%	UBS Asset Management AG	51,146,731	SEK 2.4b	0.35%	0.03%
0.9%	Geode Capital Management, LLC	48,580,056	SEK 2.3b	0.56%	0.02%
0.79%	Dimensional Fund Advisors LP	42,834,447	SEK 2.0b	6.37%	0.04%
0.72%	DNB Asset Management AS	38,574,242	SEK 1.8b	0%	0.72%
0.66%	E. Öhman J:or Wealth Management	35,682,405	SEK 1.7b	0%	1.06%
0.6%	Skandia Fonder AB	32,087,422	SEK 1.5b	0%	1.51%
0.56%	Slate Path Capital LP	30,438,987	SEK 1.4b	15.6%	3.37%
0.54%	Arrowstreet Capital, Limited Partnership	29,083,917	SEK 1.4b	0%	0.13%
0.53%	State Street Global Advisors, Inc.	28,681,510	SEK 1.3b	7.91%	0.01%
0.46%	Jupiter Fund Management Plc	24,972,126	SEK 1.2b	0%	0.37%
0.46%	SEI Investments Management Corporation	24,858,641	SEK 1.2b	-7.87%	0.24%
0.4%	Lazard Asset Management LLC	21,667,950	SEK 1.0b	0%	0.11%
0.37%	JP Morgan Asset Management	19,794,686	SEK 927.5m	0.37%	0.01%
0.33%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	17,768,256	SEK 832.6m	0.58%	0.73%
0.28%	OP Varainhoito Oy	14,833,000	SEK 695.0m	0%	0.71%
0.27%	KBC Asset Management NV	14,507,028	SEK 679.8m	0%	0.14%
0.26%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	14,104,871	SEK 660.9m	174%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/25 05:06
End of Day Share Price	2025/03/31 00:00
Earnings	2025/03/31
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 89 analysts. 19 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