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In addition to healthy national pride, Finns seem to have faith in the future of Nokia (NOK) (NOK1V). Several big Finnish pension funds have been increasing their holdings in Nokia substantially over the last year and a half.
Below please find a table listing the biggest Finnish pension fund owners of Nokia (NOK1V), ordered by number of shares owned in September 2012
NOK1V shares owned by Finnish pension funds
06/2011
06/2012
09/2012
Ilmarinen
55M
107M
105M
Varma
29M
33M
76M
Kuntien Elakevakuutus
?
3M
36M
Valtion Elakerahasto
?
28M
28M
Elake-Fennia
8M
11M
10M
Notably none of the funds have reduced their holdings significantly. On the contrary Varma and Kuntien Elakerahasto have doubled and 12x their holdings since last June, respectively.
This Instablog was inspired by a question by Sunil Shah in NOK StockTalks here at Seeking Alpha.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha
community. Instablog posts are not selected, edited or screened by Seeking Alpha editors,
in contrast to contributors' articles.
hey seppo2 that's very useful info. thanks. I believe that NOK fell so hard because they, the finnish pension funds, the largest sh base, just threw in the towel in absolute horror.
it should never have gone as low as $2 for the ADR.
The fact that they are now accumulating is very positive, as the weak hand has now turned.
The most interesting thing is that even some bearish analysts expect Nokia to stop losing money in Q4 2013... that means Nokia is going to see its earnings grow for at least the next 15 months.
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Finnish Pension Funds Have Increased Their Nokia (NOK) (NOK1V) Holdings Substantially 7 comments
In addition to healthy national pride, Finns seem to have faith in the future of Nokia (NOK) (NOK1V). Several big Finnish pension funds have been increasing their holdings in Nokia substantially over the last year and a half.
Below please find a table listing the biggest Finnish pension fund owners of Nokia (NOK1V), ordered by number of shares owned in September 2012
Notably none of the funds have reduced their holdings significantly. On the contrary Varma and Kuntien Elakerahasto have doubled and 12x their holdings since last June, respectively.
This Instablog was inspired by a question by Sunil Shah in NOK StockTalks here at Seeking Alpha.
References:
www.nokia.com/global/about-nokia/investors/stock-information/stock-information/
www.kauppalehti.fi/omaraha/elakeyhtio+ilmarisella+valtava+nokia-salkku/201206199959
www.kauppalehti.fi/etusivu/kuntatyontekijoiden+elakevaroja+nokian+osakkeisiin/201210276599
Disclosure: I am long NOK.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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This post has 7 comments:
it should never have gone as low as $2 for the ADR.
The fact that they are now accumulating is very positive, as the weak hand has now turned.
@ Sunil Shah: I personnaly think that GS tried to put the stocks as down as they could, covering and hoping for a bid on NOK.
It could be dangerous to short into pension funds hands. Pension funds usually is very longtime shareholders.
The question is how much of Nokia do they buy? 5%, 10% or more?
I can probably find the info somewhere.
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