Vault-13

NOKIA CORP NOK

SPONSORED ADR · ADR · CUSIP 654902204 · ISIN US6549022043

Finnish multinational telecommunications and information technology company

517 institutional holders +16 vs Q1 2025
567,902,144567.9m shares reported held*
$3.0bnreported value*
82 new 167 added 117 reduced 64 sold out net sold ≈ $57.7m (-13.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($11.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.20. Options: 13 managers hold calls ($26.7m notional), 14 hold puts ($31.0m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 498Q4 22: 501Q1 23: 485Q2 23: 480Q3 23: 467Q4 23: 456Q1 24: 441Q2 24: 442Q3 24: 438Q4 24: 467Q1 25: 501Q2 25: 517517Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022498
Q4 2022501
Q1 2023485
Q2 2023480
Q3 2023467
Q4 2023456
Q1 2024441
Q2 2024442
Q3 2024438
Q4 2024467
Q1 2025501
Q2 2025517

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 179 bought or addedQ3 23: 204 cut or sold outQ4 23: 131 bought or addedQ4 23: 253 cut or sold outQ4 23Q1 24: 191 bought or addedQ1 24: 182 cut or sold outQ2 24: 195 bought or addedQ2 24: 168 cut or sold outQ2 24Q3 24: 186 bought or addedQ3 24: 178 cut or sold outQ4 24: 200 bought or addedQ4 24: 153 cut or sold outQ4 24Q1 25: 256 bought or addedQ1 25: 151 cut or sold outQ2 25: 249 bought or addedQ2 25: 181 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023179204
Q4 2023131253
Q1 2024191182
Q2 2024195168
Q3 2024186178
Q4 2024200153
Q1 2025256151
Q2 2025249181

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 24 calls: $71.8mQ3 24 puts: $19.9mQ3 24P/C 0.28Q4 24 calls: $65.2mQ4 24 puts: $58.7mQ4 24P/C 0.90Q1 25 calls: $46.5mQ1 25 puts: $24.0mQ1 25P/C 0.51Q2 25 calls: $26.7mQ2 25 puts: $31.0mQ2 25P/C 1.16
Numbers
QuarterCallsPutsP/C
Q3 2024$71.8m$19.9m0.28
Q4 2024$65.2m$58.7m0.90
Q1 2025$46.5m$24.0m0.51
Q2 2025$26.7m$31.0m1.16

Biggest buyers

Point72 Asset Management, L.P. Added +19,442,640+19.4m
FMR LLC Added +12,190,591+12.2m
MORGAN STANLEY Added +4,308,707+4.3m
MILLENNIUM MANAGEMENT LLC Added +3,336,429+3.3m
CITADEL ADVISORS LLC Added +3,176,687+3.2m
Woodline Partners LP New +2,554,141+2.6m
TSP Capital Management Group, LLC New +2,273,192+2.3m
ROYAL BANK OF CANADA Added +2,039,907+2.0m
Artisan Partners Limited Partnership Added +1,957,524+2.0m
Penserra Capital Management LLC Added +1,916,098+1.9m

Biggest sellers

PZENA INVESTMENT MANAGEMENT LLC Reduced -11,799,730-11.8m
UBS Group AG Reduced -7,607,688-7.6m
GOLDMAN SACHS GROUP INC Reduced -6,133,505-6.1m
Balyasny Asset Management L.P. Reduced -5,840,010-5.8m
Optiver Holding B.V. Sold out -4,978,498-5.0m
LMR Partners LLP Reduced -4,787,267-4.8m
DEUTSCHE BANK AG\ Reduced -4,381,457-4.4m
ACADIAN ASSET MANAGEMENT LLC Reduced -3,844,907-3.8m
RENAISSANCE TECHNOLOGIES LLC Reduced -3,206,200-3.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -3,062,350-3.1m

Biggest calls

Optiver Holding B.V. Added $12.9m2.5m shares
GROUP ONE TRADING LLC Added $2.3m453.2k shares
SIMPLEX TRADING, LLC Reduced $2.2m420.2k shares
IMC-Chicago, LLC Added $1.8m344.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.7m334.2k shares
ARDSLEY ADVISORY PARTNERS LP New $1.2m240.0k shares
CITADEL ADVISORS LLC Reduced $1.2m235.2k shares
Walleye Trading LLC Added $1.1m209.8k shares
JANE STREET GROUP, LLC Added $738.1k142.5k shares
PEAK6 LLC Reduced $654.8k126.4k shares

Biggest puts

Optiver Holding B.V. Added $10.6m2.0m shares
PEAK6 LLC Added $9.1m1.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.7m902.1k shares
CITADEL ADVISORS LLC Added $3.3m642.8k shares
IMC-Chicago, LLC Reduced $959.9k185.3k shares
GROUP ONE TRADING LLC Reduced $578.1k111.6k shares
SIMPLEX TRADING, LLC Reduced $508.0k98.2k shares
UBS Group AG New $354.3k68.4k shares
Walleye Trading LLC Reduced $326.9k63.1k shares
WOLVERINE TRADING, LLC Reduced $207.3k40.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Artisan Partners Limited Partnership 0.83% of their portfolio Milwaukee, WI 108,136,988108.1m $560.1m $560.1m 0.83% Added +2.0m +1,957,524
2 FMR LLC 0.03% of their portfolio BOSTON, MA 90,740,71790.7m $470.0m $470.0m 0.03% Added +12.2m +12,190,591
3 PZENA INVESTMENT MANAGEMENT LLC 1.16% of their portfolio NEW YORK, NY 68,662,24068.7m $355.7m $355.7m 1.16% Reduced -11.8m -11,799,730
4 Slate Path Capital LP 3.44% of their portfolio New York, NY 38,528,35538.5m $199.6m $199.6m 3.44% Unchanged
5 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio BOSTON, MA 28,942,03028.9m $149.9m $149.9m 0.11% Reduced -3.1m -3,062,350
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 23,359,37623.4m $121.0m $121.0m 0.01% Added +4.3m +4,308,707
7 Point72 Asset Management, L.P. 0.25% of their portfolio STAMFORD, CT 20,686,20020.7m $107.2m $107.2m 0.25% Added +19.4m +19,442,640
8 OAKTREE CAPITAL MANAGEMENT LP 1.93% of their portfolio LOS ANGELES, CA 18,752,22918.8m $97.1m $97.1m 1.93% Added +2 +2
9 Freestone Grove Partners LP 0.66% of their portfolio San Francisco, CA 16,803,39516.8m $87.0m $87.0m 0.66% Added +554.1k +554,134
10 FOLKETRYGDFONDET 1.19% of their portfolio OSLO, Q8 10,430,04310.4m $53.4m $53.4m 1.19% Added +178.8k +178,753
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,407,2599.4m $48.7m $48.7m 0.00% Added +1.4m +1,397,419
12 UBS Group AG 0.01% of their portfolio ZURICH, V8 9,126,9269.1m $47.3m $47.3m 0.01% Reduced -7.6m -7,607,688
13 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 8,349,6758.3m $43.3m $43.3m 0.01% Reduced -41.2k -41,154
14 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 6,416,7696.4m $33.2m $33.2m 0.01% Reduced -6.1m -6,133,505
15 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 6,177,9876.2m $32.0m $32.0m 0.03% Added +3.3m +3,336,429
16 Penserra Capital Management LLC 0.41% of their portfolio ORINDA, CA 5,623,9555.6m $29.1m $29.1m 0.41% Added +1.9m +1,916,098
17 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 5,582,3835.6m $28.9m $28.9m 0.03% Added +414.3k +414,303
18 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 5,333,0845.3m $27.6m $27.6m 0.02% Added +3.2m +3,176,687
19 ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio Boston, MA 4,743,4104.7m $24.5m $24.5m 0.05% Reduced -3.8m -3,844,907
20 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 4,496,2414.5m $23.3m $23.3m 0.03% Reduced -134.4k -134,421
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,273,9964.3m $22.1m $22.1m 0.00% Added +2.0m +2,039,907
22 Harvey Partners, LLC 2.17% of their portfolio Tarrytown, NY 4,203,9524.2m $21.8m $21.8m 2.17% Added +26.5k +26,452
23 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,191,4034.2m $21.7m $21.7m 0.01% Reduced -4.4m -4,381,457
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 4,161,1044.2m $21.6m $21.6m 0.00% Added +257.3k +257,279
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 3,367,4303.4m $17.4m $17.4m 0.00% Reduced -420.4k -420,427
26 State of Tennessee, Department of Treasury 0.05% of their portfolio NASHVILLE, TN 2,771,8942.8m $14.4m $14.4m 0.05% Unchanged
27 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 2,756,1022.8m $14.3m $14.3m 0.01% Reduced -198.4k -198,381
28 Woodline Partners LP 0.07% of their portfolio San Francisco, CA 2,554,1412.6m $13.2m $13.2m 0.07% New
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,374,7022.4m $12.3m $12.3m 0.00% Reduced -150.2k -150,212
30 TSP Capital Management Group, LLC 3.70% of their portfolio Summit, NJ 2,273,1922.3m $11.8m $11.8m 3.70% New
31 Aquatic Capital Management LLC 0.24% of their portfolio CHICAGO, IL 2,245,5042.2m $11.6m $11.6m 0.24% Added +1.9m +1,871,700
32 LMR Partners LLP 0.16% of their portfolio LONDON, X0 2,000,0002.0m $10.4m $10.4m 0.16% Reduced -4.8m -4,787,267
33 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 1,587,6461.6m $8.2m $8.2m 0.01% Reduced -1.0m -1,040,637
34 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 1,520,0001.5m $7.9m $7.9m 0.03% Unchanged
35 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 1,387,4651.4m $7.2m $7.2m 0.01% Added +1.3m +1,331,713
36 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,377,1551.4m $7.1m $7.1m 0.00% Added +112.5k +112,520
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,309,3061.3m $6.8m $6.8m 0.00% Reduced -2.7m -2,688,868
38 ExodusPoint Capital Management, LP 0.07% of their portfolio NEW YORK, NY 1,152,8671.2m $6.0m $6.0m 0.07% Added +652.8k +652,817
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 1,125,9201.1m $5.8m $5.8m 0.01% Reduced -618.2k -618,215
40 LEUTHOLD GROUP, LLC 0.65% of their portfolio MINNEAPOLIS, MN 1,048,6131.0m $5.4m $5.4m 0.65% Added +313.0k +313,034
41 Henry James International Management Inc. 1.66% of their portfolio NEW YORK, NY 975,379975.4k $5.1m $5.1m 1.66% Unchanged
42 QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio BERWYN, PA 927,657927.7k $4.8m $4.8m 0.04% Added +22.8k +22,841
43 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 901,962902.0k $4.7m $4.7m 0.01% Added +672.9k +672,929
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 825,733825.7k $4.3m $4.3m 0.00% Added +35.4k +35,414
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 769,011769.0k $4.0m $4.0m 0.00% Reduced -21.5k -21,545
46 ABN AMRO INVESTMENT SOLUTIONS 0.08% of their portfolio PARIS CEDEX 008, I0 734,577734.6k $3.8m $3.8m 0.08% Reduced -80.0k -80,033
47 Nishkama Capital, LLC 0.59% of their portfolio DORADO, PR 700,000700.0k $3.6m $3.6m 0.59% New
48 Waterfront Wealth Inc. 0.78% of their portfolio OVERLAND PARK, KS 673,350673.4k $3.5m $3.5m 0.78% Reduced -95.5k -95,475
49 Manatuck Hill Partners, LLC 1.22% of their portfolio WESTPORT, CT 623,400623.4k $3.2m $3.2m 1.22% Added +323.4k +323,400
50 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 621,910621.9k $3.2m $3.2m 0.00% Added +78.8k +78,822
51 Murphy Pohlad Asset Management LLC 1.33% of their portfolio EDEN PRAIRIE, MN 608,199608.2k $3.2m $3.2m 1.33% Reduced -15.2k -15,200
52 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 603,973604.0k $3.1m $3.1m 0.01% Reduced -36.2k -36,250
53 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 591,784591.8k $3.1m $3.1m 0.01% Reduced -29.9k -29,875
54 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 561,915561.9k $2.9m $2.9m 0.00% Added +294.7k +294,696
55 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 556,209556.2k $2.9m $2.9m 0.00% Added +87.3k +87,270
56 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 522,882522.9k $2.7m $2.7m 0.00% Unchanged
57 Crossmark Global Holdings, Inc. 0.04% of their portfolio HOUSTON, TX 477,355477.4k $2.5m $2.5m 0.04% Added +98.0k +97,964
58 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 460,180460.2k $2.4m $2.4m 0.00% Reduced -3.2m -3,206,200
59 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 421,340421.3k $2.2m $2.2m 0.00% Added +7.1k +7,148
60 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 410,095410.1k $2.1m $2.1m 0.01% Added +103.6k +103,631
61 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 405,133405.1k $2.1m $2.1m 0.00% Reduced -198.1k -198,067
62 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 393,456393.5k $2.0m $2.0m 0.00% Reduced -24.7k -24,736
63 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 382,746382.7k $2.0m $2.0m 0.00% Reduced -111.2k -111,179
64 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 382,694382.7k $2.0m $2.0m 0.00% Added +195.7k +195,697
65 Lesa Sroufe & Co 1.82% of their portfolio SEATTLE, WA 382,106382.1k $2.0m $2.0m 1.82% Added +13.1k +13,124
66 ARDSLEY ADVISORY PARTNERS LP 0.32% of their portfolio Norwalk, CT 380,000380.0k $2.0m $2.0m 0.32% New
67 Maxi Investments CY Ltd 0.33% of their portfolio LIMASSOL, G4 377,500377.5k $2.0m $2.0m 0.33% Reduced -148.0k -147,982
68 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 364,082364.1k $1.9m $1.9m 0.02% Reduced -300.1k -300,094
69 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 353,458353.5k $1.8m $1.8m 0.00% Reduced -48.2k -48,215
70 Clean Yield Group 0.54% of their portfolio NORWICH, VT 347,972348.0k $1.8m $1.8m 0.54% Reduced -51.1k -51,061
71 Ethic Inc. 0.03% of their portfolio NEW YORK, NY 334,537334.5k $1.7m $1.7m 0.03% Added +24.6k +24,585
72 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 319,660319.7k $1.7m $1.7m 0.01% Added +18.3k +18,346
73 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 318,609318.6k $1.7m $1.7m 0.00% Added +33.8k +33,825
74 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 287,118287.1k $1.5m $1.5m 0.01% Reduced -38.0k -38,000
75 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 284,105284.1k $1.5m $1.5m 0.00% Added +94.3k +94,343
76 Dorsey Wright & Associates 0.35% of their portfolio PASADENA, CA 283,143283.1k $1.5m $1.5m 0.35% New
77 Vident Advisory, LLC 0.02% of their portfolio Alpharetta, GA 266,405266.4k $1.4m $1.4m 0.02% Added +143.8k +143,825
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 257,450257.4k $1.3m $1.3m 0.00% Reduced -114.3k -114,259
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 255,508255.5k $1.3m $1.3m 0.00% Added +37.6k +37,608
80 TCW GROUP INC 0.01% of their portfolio LOS ANGELES, CA 248,908248.9k $1.3m $1.3m 0.01% Added +168.3k +168,268
81 Savoie Capital LLC 0.14% of their portfolio CHICAGO, IL 225,000225.0k $1.2m $1.2m 0.14% Unchanged
82 DIVERSIFY WEALTH MANAGEMENT, LLC 0.06% of their portfolio SANDY, UT 223,190223.2k $924.0k $924.0k 0.06% Added +40.1k +40,081
83 CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio PARIS, I0 219,601219.6k $1.1m $1.1m 0.01% Reduced -225.0k -225,023
84 JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio London, X0 216,593216.6k $1.1m $1.1m 0.01% Unchanged
85 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 211,642211.6k $1.1m $1.1m 0.00% Reduced -7.0k -6,984
86 Laird Norton Wetherby Wealth Management, LLC 0.05% of their portfolio Seattle, WA 209,983210.0k $1.1m $1.1m 0.05% First filing
87 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 207,187207.2k $1.1m $1.1m 0.00% Added +85.5k +85,504
88 AdvisorShares Investments LLC 0.19% of their portfolio BETHESDA, MD 204,506204.5k $1.1m $1.1m 0.19% New
89 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 190,492190.5k $986.7k $986.7k 0.03% New
90 Aigen Investment Management, LP 0.13% of their portfolio NEW YORK, NY 188,614188.6k $977.0k $977.0k 0.13% Added +136.7k +136,717
91 Forum Financial Management, LP 0.01% of their portfolio LOMBARD, IL 188,309188.3k $975.4k $975.4k 0.01% Reduced -6.2k -6,165
92 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 186,965187.0k $968.0k $968.0k 0.01% Reduced -1.3m -1,278,761
93 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 185,246185.2k $959.6k $959.6k 0.02% Reduced -39.3k -39,334
94 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 182,813182.8k $947.0k $947.0k 0.01% New
95 QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio CINCINNATI, OH 171,566171.6k $888.7k $888.7k 0.03% Reduced -1.4k -1,440
96 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 164,800164.8k $854.0k $854.0k 0.00% New
97 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 158,590158.6k $821.5k $821.5k 0.01% Added +50.8k +50,775
98 INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV 0.38% of their portfolio ATLANTA, GA 158,482158.5k $820.9k $820.9k 0.38% Added +3.5k +3,500
99 Atom Investors LP 0.07% of their portfolio AUSTIN, TX 157,934157.9k $818.1k $818.1k 0.07% New
100 Amundi 0.00% of their portfolio Paris, I0 155,799155.8k $810.2k $810.2k 0.00% Unchanged