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Finnish Pension Funds Have Increased Their Nokia (NOK) (NOK1V) Holdings Substantially

|Includes: Nokia Corporation (NOK)

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

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.


Disclosure: I am long NOK.