Are Nokia’s Heaviest Stockholders Still Holding for a Turnaround?
2012 has not been such a positive year for Nokia Corporation (NYSE:NOK), as shares are down 42.74 percent. The company is working toward the implementation of Superhydrophobic technology, which repels water, in its new series of Lumia and Pureview smartphones. By making these devices waterproof, consumers will be able to use their phones in the rain as well as see an enhanced phone life.
Conor Pierce, vice president of Nokia Western Europe, said to UK’s Somobile, “Superhydrophobic technology makes water bounce, it stops it, rolls it off the device and leaves it water impregnant. That’s the magic, that’s what we’re going to bring to the party.”
From the potential waterproofing of smartphones with its Superhydrophobic technology, will Nokia’s largest shareholders increase their holdings on this news? 308 institutional firms indicated owning shares of Nokia Corporation (NYSE:NOK) in Q1 2012. These firms reported owning a total of 317.755 million shares on 03/31/2012 . The shares closed at $5.08 on 03/31/2012.
Here are the ten largest positions in Nokia Corporation at the end of March 31st, 2012.
Dodge & Cox held 84,140,243 shares on 03/31/2012 worth $461,929,915. This represented an increase of 0%, bringing the portfolio total to 0.59%.
Tradewinds global investors LLC held 59,682,715 shares on 03/31/2012 worth $327,658,092.
Jefferies Group Inc /De/ held 18,820,000 shares on 03/31/2012 worth $103,322,000.
Ameriprise Financial Inc held 17,420,048 shares on 03/31/2012 worth $95,636,060.
Jefferies Group Inc /De/ held 11,300,000 shares on 03/31/2012 worth $62,037,000.
Global Thematic Partners LLC held 11,006,830 shares on 03/31/2012 worth $60,427,494.
Bank of America Corp /De/ held 6,228,808 shares on 03/31/2012 worth $34,196,154.
Susquehanna International Group LLP held 5,740,343 shares on 03/31/2012 worth $31,514,482.
Susquehanna International Group LLP held 5,417,000 shares on 03/31/2012 worth $29,739,000.
Russell Frank Co/ held 5,029,267 shares on 03/31/2012 worth $27,610,675.
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