Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Data Says Nokia Corporation (ADR) (NOK) May Be Lacking

Page 1 of 2

With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world were buying or selling heading into the fourth quarter. One of these stocks was Nokia Corporation (ADR) (NYSE:NOK), so let’s see how top investors were trading it.

Nokia Corporation (ADR) (NYSE:NOK) has experienced an increase in hedge fund interest lately, being included in the portfolios of 24 investors tracked by Insider Monkey. At the end of this article we will also compare Nokia Corporation to other stocks including O’Reilly Automotive Inc (NASDAQ:ORLY), Marathon Petroleum Corp (NYSE:MPC), and Aon PLC (NYSE:AON) to get a better sense of its popularity.

Follow Nokia Corp (NYSE:NOK)
Trade (NYSE:NOK) Now!

If you’d ask most stock holders, hedge funds are perceived as unimportant, outdated financial vehicles of years past. While there are over 8,000 funds in operation today, our researchers look at the leaders of this group, approximately 700 funds. These money managers watch over the bulk of the hedge fund industry’s total capital, and by paying attention to their highest performing stock picks, Insider Monkey has formulated several investment strategies that have historically outperformed the market. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points a year for a decade in their back tests.

With all of this in mind, let’s take a peek at the latest action encompassing Nokia Corporation (ADR) (NYSE:NOK).

How have hedgies been trading Nokia Corporation (ADR) (NYSE:NOK)?

Heading into Q4, a total of 24 of the hedge funds tracked by Insider Monkey were long this stock, a 4% boost from one quarter earlier. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings meaningfully (or had already accumulated large positions).

According to Insider Monkey’s hedge fund database, Fir Tree has the biggest position in Nokia Corporation (ADR) (NYSE:NOK), worth close to $108.2 million, corresponding to 1.8% of its total 13F portfolio. Sitting in the 2 spot is Renaissance Technologies, holding a $105.2 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Remaining peers with similar optimism contain Israel Englander’s Millennium Management, Clint Carlson’s Carlson Capital, and Francis Chou’s Chou Associates Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!