Vault-13

NOKIA CORP NOK

SPONSORED ADR · ADR · CUSIP 654902204 · ISIN US6549022043

Finnish multinational telecommunications and information technology company

547 institutional holders +73 vs Q3 2025
955,573,377955.6m shares reported held*
$6.2bnreported value*
95 new 183 added 112 reduced 41 sold out net bought ≈ $2.1bn (+316.4m 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 ($20.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.49. Options: 17 managers hold calls ($100.7m notional), 22 hold puts ($95.1m).

Trends to Q4 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: 517Q3 25: 474Q4 25: 547547Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025474
Q4 2025547

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 174 bought or addedQ3 25: 257 cut or sold outQ4 25: 278 bought or addedQ4 25: 153 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024191182
Q2 2024195168
Q3 2024186178
Q4 2024200153
Q1 2025256151
Q2 2025249181
Q3 2025174257
Q4 2025278153

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 25 calls: $46.5mQ1 25 puts: $24.0mQ1 25P/C 0.51Q2 25 calls: $26.7mQ2 25 puts: $31.0mQ2 25P/C 1.16Q3 25 calls: $47.3mQ3 25 puts: $25.1mQ3 25P/C 0.53Q4 25 calls: $100.7mQ4 25 puts: $95.1mQ4 25P/C 0.95
Numbers
QuarterCallsPutsP/C
Q1 2025$46.5m$24.0m0.51
Q2 2025$26.7m$31.0m1.16
Q3 2025$47.3m$25.1m0.53
Q4 2025$100.7m$95.1m0.95

Biggest buyers

NVIDIA CORP New +166,389,351+166.4m
FMR LLC Added +70,554,494+70.6m
Analog Century Management LP New +16,111,905+16.1m
PZENA INVESTMENT MANAGEMENT LLC Added +11,612,590+11.6m
Alyeska Investment Group, L.P. Added +11,035,002+11.0m
MILLENNIUM MANAGEMENT LLC Added +9,774,328+9.8m
ARGA Investment Management, LP New +7,654,181+7.7m
AMERIPRISE FINANCIAL INC Added +7,413,332+7.4m
Ceredex Value Advisors LLC New +7,175,011+7.2m
CITADEL ADVISORS LLC Added +6,245,023+6.2m

Biggest sellers

Artisan Partners Limited Partnership Reduced -7,508,990-7.5m
Freestone Grove Partners LP Reduced -6,054,283-6.1m
Woodline Partners LP Sold out -5,910,688-5.9m
LMR Partners LLP Reduced -4,350,000-4.3m
Slate Path Capital LP Reduced -3,200,600-3.2m
FOLKETRYGDFONDET Reduced -2,727,911-2.7m
JANE STREET GROUP, LLC Reduced -2,632,454-2.6m
Polar Asset Management Partners Inc. Sold out -2,476,179-2.5m
TSP Capital Management Group, LLC Sold out -2,473,592-2.5m
GOLDMAN SACHS GROUP INC Reduced -2,055,944-2.1m

Biggest calls

Optiver Holding B.V. Added $16.3m2.5m shares
MILLENNIUM MANAGEMENT LLC New $15.6m2.4m shares
PEAK6 LLC New $13.0m2.0m shares
GROUP ONE TRADING LLC Added $11.6m1.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.3m1.6m shares
SIMPLEX TRADING, LLC Added $10.2m1.6m shares
CITADEL ADVISORS LLC Added $8.8m1.4m shares
IMC-Chicago, LLC Added $5.8m901.4k shares
JANE STREET GROUP, LLC Added $4.2m649.8k shares
Walleye Trading LLC Added $2.3m362.7k shares

Biggest puts

Optiver Holding B.V. Added $22.2m3.4m shares
PEAK6 LLC Added $17.1m2.6m shares
CITADEL ADVISORS LLC Added $10.9m1.7m shares
MILLENNIUM MANAGEMENT LLC New $9.0m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.5m1.2m shares
D. E. Shaw & Co., Inc. New $5.8m900.0k shares
GROUP ONE TRADING LLC Added $3.5m543.0k shares
Centiva Capital, LP New $3.2m500.0k shares
SIMPLEX TRADING, LLC Added $3.1m484.5k shares
UBS Group AG Unchanged $2.6m401.1k 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 Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NVIDIA CORP 8.21% of their portfolio SANTA CLARA, CA 166,389,351166.4m $1.1bn $1.1bn 8.21% New
2 FMR LLC 0.05% of their portfolio BOSTON, MA 165,279,651165.3m $1.1bn $1.1bn 0.05% Added +70.6m +70,554,494
3 Artisan Partners Limited Partnership 0.98% of their portfolio Milwaukee, WI 99,477,17099.5m $643.6m $643.6m 0.98% Reduced -7.5m -7,508,990
4 PZENA INVESTMENT MANAGEMENT LLC 1.78% of their portfolio NEW YORK, NY 91,942,50791.9m $594.9m $594.9m 1.78% Added +11.6m +11,612,590
5 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.18% of their portfolio BOSTON, MA 47,321,05847.3m $306.2m $306.2m 0.18% Added +3.9m +3,896,363
6 Slate Path Capital LP 2.94% of their portfolio New York, NY 33,686,60233.7m $218.0m $218.0m 2.94% Reduced -3.2m -3,200,600
7 Point72 Asset Management, L.P. 0.26% of their portfolio STAMFORD, CT 26,104,44226.1m $168.9m $168.9m 0.26% Added +5.0m +4,972,710
8 OAKTREE CAPITAL MANAGEMENT LP 1.97% of their portfolio LOS ANGELES, CA 18,752,22918.8m $121.3m $121.3m 1.97% Unchanged
9 Alyeska Investment Group, L.P. 0.32% of their portfolio CHICAGO, IL 17,490,10117.5m $113.2m $113.2m 0.32% Added +11.0m +11,035,002
10 UBS Group AG 0.02% of their portfolio ZURICH, V8 16,324,75216.3m $105.6m $105.6m 0.02% Added +5.5m +5,529,268
11 Analog Century Management LP 5.13% of their portfolio NEW YORK, NY 16,111,90516.1m $104.2m $104.2m 5.13% New
12 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 15,937,65815.9m $103.1m $103.1m 0.07% Added +6.2m +6,245,023
13 FOLKETRYGDFONDET 2.21% of their portfolio OSLO, Q8 14,652,61914.7m $94.8m $94.8m 2.21% Reduced -2.7m -2,727,911
14 Thrivent Financial for Lutherans 0.17% of their portfolio Minneapolis, MN 14,489,70514.5m $93.7m $93.7m 0.17% Added +1.8m +1,834,562
15 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 13,448,17913.4m $87.0m $87.0m 0.06% Added +9.8m +9,774,328
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,608,63411.6m $75.1m $75.1m 0.00% Added +328.1k +328,106
17 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 10,342,28510.3m $66.9m $66.9m 0.02% Added +7.4m +7,413,332
18 Penserra Capital Management LLC 0.68% of their portfolio ORINDA, CA 8,878,7618.9m $57.4m $57.4m 0.68% Added +1.1m +1,118,261
19 Defiance ETFs, LLC 1.89% of their portfolio NEW YORK, NY 8,878,7618.9m $57.8m $57.8m 1.89% First filing
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,340,3248.3m $54.0m $54.0m 0.00% Reduced -525.6k -525,561
21 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 7,918,9027.9m $51.2m $51.2m 0.01% Reduced -2.1m -2,055,944
22 ARGA Investment Management, LP 1.35% of their portfolio STAMFORD, CT 7,654,1817.7m $49.5m $49.5m 1.35% New
23 Ceredex Value Advisors LLC 1.40% of their portfolio WINTER PARK, FL 7,175,0117.2m $46.4m $46.4m 1.40% New
24 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 6,627,3786.6m $42.9m $42.9m 0.04% Added +459.2k +459,185
25 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 6,623,1456.6m $42.9m $42.9m 0.04% Reduced -147.0k -147,047
26 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 6,218,0486.2m $40.2m $40.2m 0.01% Reduced -127.0k -126,998
27 Freestone Grove Partners LP 0.27% of their portfolio San Francisco, CA 5,776,8835.8m $37.4m $37.4m 0.27% Reduced -6.1m -6,054,283
28 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 5,748,7805.7m $37.2m $37.2m 0.06% New
29 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 5,074,2985.1m $32.8m $32.8m 0.05% Added +4.4m +4,355,205
30 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 5,062,3415.1m $32.8m $32.8m 0.04% Added +115.7k +115,657
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 4,688,7024.7m $30.3m $30.3m 0.04% Added +344.4k +344,396
32 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,683,2184.7m $30.3m $30.3m 0.01% Added +183.5k +183,529
33 ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio Boston, MA 4,151,8304.2m $26.8m $26.8m 0.04% Added +2.5m +2,506,355
34 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 3,855,2923.9m $24.9m $24.9m 0.00% Reduced -48.6k -48,554
35 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 3,545,2903.5m $22.9m $22.9m 0.02% Reduced -847.9k -847,946
36 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,475,4033.5m $22.5m $22.5m 0.00% Reduced -115.0k -114,951
37 Harvey Partners, LLC 1.94% of their portfolio Tarrytown, NY 3,337,7823.3m $21.6m $21.6m 1.94% Reduced -953.7k -953,718
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 3,067,8603.1m $19.8m $19.8m 0.00% Added +26.2k +26,157
39 State of Tennessee, Department of Treasury 0.06% of their portfolio NASHVILLE, TN 2,871,1902.9m $18.5m $18.5m 0.06% Reduced -716.8k -716,812
40 TSP Capital Management Group, LLC 3.90% of their portfolio Summit, NJ 2,466,5922.5m $16.0m $16.0m 3.90% New
41 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 2,314,3162.3m $15.0m $15.0m 0.01% Added +1.6m +1,639,771
42 MASTERS CAPITAL MANAGEMENT LLC 1.79% of their portfolio ATLANTA, GA 2,000,0002.0m $12.9m $12.9m 1.79% New
43 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 1,947,3001.9m $12.6m $12.6m 0.05% Added +427.3k +427,300
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,829,9141.8m $11.8m $11.8m 0.00% Added +128.4k +128,366
45 Old West Investment Management, LLC 1.84% of their portfolio Los Angeles, CA 1,591,5711.6m $10.3m $10.3m 1.84% Added +853.4k +853,366
46 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 1,589,1391.6m $10.3m $10.3m 0.01% New
47 Aquatic Capital Management LLC 0.29% of their portfolio CHICAGO, IL 1,557,9291.6m $10.1m $10.1m 0.29% Reduced -402.7k -402,687
48 Azimuth Capital Investment Management LLC 0.35% of their portfolio BLOOMFIELD HILLS, MI 1,521,9401.5m $9.8m $9.8m 0.35% New
49 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,485,9421.5m $9.6m $9.6m 0.00% Added +70.6k +70,632
50 ExodusPoint Capital Management, LP 0.10% of their portfolio NEW YORK, NY 1,411,0021.4m $9.1m $9.1m 0.10% Reduced -1.0m -1,039,106
51 WESTERLY CAPITAL MANAGEMENT, LLC 2.63% of their portfolio SAN FRANCISCO, CA 1,350,0001.4m $8.7m $8.7m 2.63% New
52 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,312,4311.3m $8.5m $8.5m 0.01% Reduced -2.6m -2,632,454
53 Henry James International Management Inc. 2.48% of their portfolio NEW YORK, NY 1,216,8251.2m $7.9m $7.9m 2.48% Added +241.6k +241,600
54 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,213,2941.2m $7.9m $7.9m 0.01% Added +1.1m +1,101,984
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,186,0981.2m $7.7m $7.7m 0.00% Added +356.5k +356,503
56 Portolan Capital Management, LLC 0.37% of their portfolio BOSTON, MA 1,076,1221.1m $7.0m $7.0m 0.37% New
57 SALT Holding Corp. 5.49% of their portfolio WILMINGTON, DE 1,075,2001.1m $7.0m $7.0m 5.49% New
58 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 755,542755.5k $4.9m $4.9m 0.01% New
59 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 711,426711.4k $4.6m $4.6m 0.00% Added +179.5k +179,525
60 LMR Partners LLP 0.04% of their portfolio LONDON, X0 650,000650.0k $4.2m $4.2m 0.04% Reduced -4.3m -4,350,000
61 ABN AMRO INVESTMENT SOLUTIONS 0.06% of their portfolio PARIS CEDEX 008, I0 624,346624.3k $4.0m $4.0m 0.06% Reduced -392.5k -392,471
62 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 599,231599.2k $3.9m $3.9m 0.00% Added +74.6k +74,648
63 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 594,872594.9k $3.8m $3.8m 0.00% Reduced -18.8k -18,750
64 ARDSLEY ADVISORY PARTNERS LP 0.47% of their portfolio Norwalk, CT 560,000560.0k $3.7m $3.7m 0.47% Added +225.1k +225,094
65 QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio BERWYN, PA 539,926539.9k $3.5m $3.5m 0.04% Added +138.9k +138,935
66 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 493,924493.9k $3.2m $3.2m 0.01% Reduced -177.1k -177,109
67 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 471,239471.2k $3.0m $3.0m 0.00% Added +281.5k +281,482
68 Havemeyer Place LP 0.58% of their portfolio GREENWICH, CT 455,225455.2k $2.9m $2.9m 0.58% First filing
69 Crossmark Global Holdings, Inc. 0.04% of their portfolio HOUSTON, TX 449,122449.1k $2.9m $2.9m 0.04% Reduced -46.8k -46,797
70 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 426,542426.5k $2.8m $2.8m 0.00% Added +127.6k +127,564
71 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 418,323418.3k $2.7m $2.7m 0.00% Added +352.7k +352,653
72 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 389,829389.8k $2.5m $2.5m 0.00% Added +29.4k +29,404
73 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 385,518385.5k $2.5m $2.5m 0.00% Added +91.6k +91,627
74 Lesa Sroufe & Co 1.85% of their portfolio SEATTLE, WA 383,198383.2k $2.5m $2.5m 1.85% Added +2.3k +2,286
75 Clean Yield Group 0.69% of their portfolio NORWICH, VT 382,421382.4k $2.5m $2.5m 0.69% Added +49.8k +49,766
76 Ethic Inc. 0.04% of their portfolio NEW YORK, NY 364,184364.2k $2.4m $2.4m 0.04% Added +30.6k +30,564
77 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 363,470363.5k $2.4m $2.4m 0.00% Added +47.7k +47,704
78 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 352,183352.2k $2.3m $2.3m 0.00% Reduced -48.2k -48,230
79 OPAL CAPITAL LLC 0.56% of their portfolio BOCA RATON, FL 345,886345.9k $2.2m $2.2m 0.56% First filing
80 TrueMark Investments, LLC 0.43% of their portfolio CHICAGO, IL 345,760345.8k $2.2m $2.2m 0.43% New
81 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 343,473343.5k $2.2m $2.2m 0.01% Added +33.0k +33,023
82 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 337,345337.3k $2.2m $2.2m 0.00% Added +218.7k +218,666
83 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 329,694329.7k $2.1m $2.1m 0.00% Reduced -25.6k -25,604
84 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 322,555322.6k $2.1m $2.1m 0.00% Reduced -468 -468
85 Sphera Management Technology Funds Ltd 1.08% of their portfolio TEL AVIV, L3 320,000320.0k $2.1m $2.1m 1.08% New
86 Waterfront Wealth Inc. 0.41% of their portfolio OVERLAND PARK, KS 318,012318.0k $2.2m $2.2m 0.41% Reduced -380.1k -380,113
87 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 296,690296.7k $1.9m $1.9m 0.01% Reduced -10.6k -10,615
88 Mariner, LLC 0.00% of their portfolio Overland Park, KS 293,443293.4k $1.9m $1.9m 0.00% Added +90.7k +90,710
89 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 280,876280.9k $1.8m $1.8m 0.00% Added +172.2k +172,228
90 FORMULA GROWTH LTD 0.69% of their portfolio MONTREAL, A8 275,000275.0k $1.8m $1.8m 0.69% New
91 Vident Advisory, LLC 0.02% of their portfolio Alpharetta, GA 271,634271.6k $1.8m $1.8m 0.02% Added +28.7k +28,696
92 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 271,006271.0k $1.8m $1.8m 0.00% New
93 Main Management ETF Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 269,352269.4k $1.7m $1.7m 0.06% Added +2.8k +2,752
94 Laird Norton Wetherby Trust Company, LLC 0.04% of their portfolio Seattle, WA 264,242264.2k $1.7m $1.7m 0.04% New
95 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 262,995263.0k $1.7m $1.7m 0.01% Reduced -22.3k -22,296
96 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 250,757250.8k $1.6m $1.6m 0.00% Reduced -27.5k -27,467
97 Manatuck Hill Partners, LLC 0.57% of their portfolio WESTPORT, CT 250,000250.0k $1.6m $1.6m 0.57% New
98 IKE Capital, LLC 1.41% of their portfolio NEW YORK, NY 249,623249.6k $1.6m $1.6m 1.41% First filing
99 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 245,239245.2k $1.6m $1.6m 0.00% Added +120.9k +120,925
100 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 241,670241.7k $1.6m $1.6m 0.00% Added +37.2k +37,212