Will Nokia’s Mapping Service Spur Top Institutional Shareholders to Buy More?

In 2012, Nokia Corporation’s (NYSE:NOK) shares are down 41.08 percent. On Thursday, the company jumped on its rival Apple Inc.’s (NASDAQ:AAPL) new mapping service problems by conducting a benchmark test.

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The company compared the location apps of the Windows-running Lumia 920 smartphone, Google maps on the Samsung Galaxy S III and Apple’s mapping service. According to the Wall Street Journal, Nokia wrote in a corporate blog, that it “truly understands that maps and location-based apps must be accurate, provide the best quality and be accessible basically anywhere.”

It added, “Unlike our competitors, which are financing their location assets with advertising or licensing mapping content from third parties, we completely own, build and distribute mapping content, platform and apps.”

As Nokia finds success with its mapping service, will its largest shareholders increase their holdings? 455 institutional firms indicated owning shares of Nokia Corporation (NYSE:NOK) in Q2 2012. These firms reported owning a total of 440.511 million shares on 06/30/2012. The shares closed at $2.07 on 06/30/2012.

Here are the ten largest positions in Nokia Corporation at the end of June 30th, 2012.

Dodge & Cox held 84,081,543 shares on 06/30/2012 worth $174,048,788. This brought the portfolio total to 0.24%.

Goldman Sachs Group Inc held 61,287,183 shares on 06/30/2012 worth $126,864,465. This brought the portfolio total to 0.06%.

Tradewinds Global Investors LLC held 33,702,476 shares on 06/30/2012 worth $69,764,123. This brought the portfolio total to 0.97%.

Price T Rowe Associates Inc /MD/ held 26,021,400 shares on 06/30/2012 worth $53,864,296. This brought the portfolio total to 0.02%.

Arrowstreet Capital Limited Partnership held 25,602,278 shares on 06/30/2012 worth $52,996,714. This brought the portfolio total to 0.5%.

Capital Research Global Investors held 23,411,674 shares on 06/30/2012 worth $48,462,164. This brought the portfolio total to 0.02%.

Ontario Teachers Pension Plan Board held 13,100,000 shares on 06/30/2012 worth $27,116,999. This brought the portfolio total to 0.19%.

Coatue Management LLC held 12,834,424 shares on 06/30/2012 worth $26,567,257. This brought the portfolio total to 0.5%.

Susquehanna International Group LLP held 10,611,100 shares on 06/30/2012 worth $21,966. This brought the portfolio total to 0.0%.

Susquehanna International Group LLP held 8,192,234 shares on 06/30/2012 worth $16,957,924. This brought the portfolio total to 0.06%.

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