Will Nokia’s Raid By Indian Tax Officials Alarm These Top Institutional Shareholders?

Nokia Corp. (NYSE:NOK) has had their facility located in Chennai, India raided by Indian tax officials. This is one of the Finnish handset maker’s largest plants. According to Nokia spokesman Brett Young, there was no reason given by Indian authorities and the company was not able to provide further details on the Tuesday raid. “Nokia is fully cooperating to ensure that they get the necessary information to help in their inquiry,” he said.

Will Nokia Corporation’s shareholders decrease their holdings? They reported owning a total of 225,666 shares on 12/31/2012. The shares closed at $3.95 on 12/31/2012.

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Here are the ten largest positions in Nokia Corporation at the end of December 31st, 2012.

Cornerstone Investment Partners Llc. held 198,190 shares on 12/31/2012 worth $782,851. This brought the portfolio total to 0.01%.

Huntington National Bank held 26,099 shares on 12/31/2012 worth $103,091. This brought the portfolio total to 0.0%.

Trust Co. of Vermont held 1,377 shares on 12/31/2012 worth $5,439. This brought the portfolio total to 0.0%.

Goldman Sachs Group Inc. held 116,377,303 shares on 09/30/2012 worth $299,671,561. This brought the portfolio total to 0.12%.

Dodge & Cox  held 83,211,743 shares on 09/30/2012 worth $214,270,242. This brought the portfolio total to 0.28%.

Arrowstreet Capital Limited Partnership held 45,129,379 shares on 09/30/2012 worth $116,208,153. This brought the portfolio total to 0.98%.

Morgan Stanley held 32,748,449 shares on 09/30/2012 worth $84,327,258. This brought the portfolio total to 0.05%.

Capital Research Global Investors held 22,911,674 shares on 09/30/2012 worth $58,997,562. This brought the portfolio total to 0.03%.

Price T. Rowe Associates Inc. /MD/ held 22,727,500 shares on 09/30/2012 worth $58,523,314. This brought the portfolio total to 0.02%.

Susquehanna International Group LLP. held 11,343,300 shares on 09/30/2012 worth $29,210. This brought the portfolio total to 0.0%.

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