Will Nokia’s Weak Results Scare These Top Institutional Shareholders?

Nokia(NYSE:NOK): Nokia’s shares are in a nosedive following weak Q1 results, which found revenue scraping 13-year lows. Sales of its its Lumia flagship have been decent, but not enough to offset the plummeting demand for lower-end handsets. Revenue of 5.9 billion euros missed expectations by 1.45 billion, andvirtuallyevery facetof its sales — save for the Lumia — saw declines. Devices and sales saw a quarter-over-quarter decline of 25 percent, and mobile phone volumes fell 30 percent.

These institutional firms indicated owning shares of Nokia Corporation in Q1 2013. They reported owning a total of 5.615 million shares on 03/31/2013. The shares closed at $3.28 on 03/31/2013.

Here are the ten largest positions in Nokia Corporation at the end of March 31st, 2013.

EXCLUSIVE OFFER! Take Advantage of the Tax Relief 50% Off Sale for a Limited Time. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Foundation Resource Management Inc held 1,680,778 shares on 03/31/2013 worth $5,513,000. This brought the portfolio total to 0.66%.

BMO Financial Corp. held 840,350 shares on 03/31/2013 worth $2,756,348. This brought the portfolio total to 0.0%.

Parametric Portfolio Associates LLCheld 690,423 shares on 03/31/2013 worth $2,264,587. This brought the portfolio total to 0.01%.

Winchester Group Inc. held 497,547 shares on 03/31/2013 worth $1,631,954. This brought the portfolio total to 0.32%.

North Star Investment Management Corp. held 440,280 shares on 03/31/2013 worth $1,444,000. This brought the portfolio total to 0.4%.

Bank of New York Mellon Corp. held 280,448 shares on 03/31/2013 worth $919,869. This brought the portfolio total to 0.0%.

Cornerstone Investment Partners LLCheld 197,590 shares on 03/31/2013 worth $648,000. This brought the portfolio total to 0.01%.

Profund Advisors LLC held 119,313 shares on 03/31/2013 worth $391,347. This brought the portfolio total to 0.03%.

Bonness Enterprises Inc held 93,600 shares on 03/31/2013 worth $307,008. This brought the portfolio total to 0.31%.

Monarch Capital Management Inc.held 88,104 shares on 03/31/2013 worth $288,981. This brought the portfolio total to 0.12%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, S = Support is Provided By Institutional Investors & Company Insiders is a core component of our CHEAT SHEET investing framework for this very reason. Dont waste another minute click here and get our CHEAT SHEET stock picks now.