In addition to healthy national pride, Finns seem to have faith in the future of Nokia (NYSE: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.
Disclosure: I am long NOK.