Will Nokia’s Business Venture With Nokia Growth Partners Lift The Spirits Of These Top Institutional Shareholders?

Nokia Corporation (NYSE:NOK) will be giving an additional $250 million long-term commitment to the global venture firm, Nokia Growth Partners, allowing the creation of their third fund. “Over the past decade, Nokia has developed an innovative venturing strategy,” said Timo Ihamuotila, Nokia Executive Vice President & Chief Financial Officer. “Our ongoing commitment to Nokia Growth Partners reinforces Nokia’s support for a vibrant mobile ecosystem and our determination to collaborate with industry innovators to build great mobile products. Over the past decade, Nokia has developed an innovative venturing strategy.” Nokia Growth Partners also announced the appointment of two senior hires in David Tang and Lu Guo, previously of AMD and Keystone Ventures, respectively.

Will Nokia Corporation’s shareholders increase their holdings? They reported owning a total of 6.68 million shares on 12/31/2012. The shares closed at $3.95 on 12/31/2012.

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

Foundation Resource Management Inc. held 1,736,838 shares on 12/31/2012 worth $6,860,510. This brought the portfolio total to 0.89%.

Strs Ohio held 1,098,598 shares on 12/31/2012 worth $4,339,462. This brought the portfolio total to 0.02%.

Winchester Group Inc. held 497,857 shares on 12/31/2012 worth $1,966,535. This brought the portfolio total to 0.42%.

World Asset Management Inc. held 465,991 shares on 12/31/2012 worth $1,840,664. This brought the portfolio total to 0.04%.

Stifel nicolaus & Co. Inc./MO  held 420,094 shares on 12/31/2012 worth $1,659,371. This brought the portfolio total to 0.04%.

Goelzer Investment Management Inc. held 419,801 shares on 12/31/2012 worth $1,658,214. This brought the portfolio total to 0.42%.

Patten & Patten Inc./TN held 239,500 shares on 12/31/2012 worth $946,025. This brought the portfolio total to 0.17%.

Guinness Atkinson Asset Management Inc. held 216,422 shares on 12/31/2012 worth $854,867. This brought the portfolio total to 0.85%.

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

Dupont Capital Management Corp. held 149,993 shares on 12/31/2012 worth $592,472. This brought the portfolio total to 0.0%.

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