Nokia Corporation (ADR) (NOK): Keep A Close Eye On This Data

Nokia Corporation (ADR) (NYSE:NOK) was in 12 hedge funds’ portfolio at the end of the fourth quarter of 2012. NOK investors should be aware of a decrease in enthusiasm from smart money lately. There were 15 hedge funds in our database with NOK holdings at the end of the previous quarter.

In the eyes of most shareholders, hedge funds are perceived as unimportant, outdated investment tools of yesteryear. While there are over 8000 funds in operation today, we at Insider Monkey choose to focus on the crème de la crème of this club, around 450 funds. It is widely believed that this group has its hands on most of all hedge funds’ total capital, and by watching their top picks, we have identified a few investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 24 percentage points in 7 months (see the details here).

Nokia Corporation (ADR) (NYSE:NOK)Equally as integral, positive insider trading activity is another way to parse down the world of equities. As the old adage goes: there are a number of reasons for an insider to drop shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this tactic if “monkeys” know what to do (learn more here).

Now, it’s important to take a gander at the latest action regarding Nokia Corporation (ADR) (NYSE:NOK).

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

Heading into 2013, a total of 12 of the hedge funds we track were bullish in this stock, a change of -20% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were boosting their stakes significantly.

According to our comprehensive database, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the biggest position in Nokia Corporation (ADR) (NYSE:NOK). Arrowstreet Capital has a $48.4 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Chou Associates Management, managed by Francis Chou, which held a $19.8 million position; the fund has 5.2% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Philippe Laffont’s Coatue Management, D. E. Shaw’s D E Shaw and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Nokia Corporation (ADR) (NYSE:NOK) has experienced a declination in interest from the smart money, logic holds that there lies a certain “tier” of hedge funds that slashed their entire stakes at the end of the year. It’s worth mentioning that Guru Ramakrishnan’s Meru Capital dumped the largest position of all the hedgies we track, worth an estimated $1.5 million in stock.. Himanshu H. Shah’s fund, Shah Capital Management, also dropped its stock, about $0.8 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest fell by 3 funds at the end of the year.

How are insiders trading Nokia Corporation (ADR) (NYSE:NOK)?

Insider trading activity, especially when it’s bullish, is best served when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Nokia Corporation (ADR) (NYSE:NOK) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Nokia Corporation (ADR) (NYSE:NOK). These stocks are JDS Uniphase Corp (NASDAQ:JDSU), Echostar Corporation (NASDAQ:SATS), Ericsson (ADR) (NASDAQ:ERIC), Harris Corporation (NYSE:HRS), and Motorola Solutions Inc (NYSE:MSI). This group of stocks are the members of the communication equipment industry and their market caps match NOK’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
JDS Uniphase Corp (NASDAQ:JDSU) 21 0 6
Echostar Corporation (NASDAQ:SATS) 16 0 8
Ericsson (ADR) (NASDAQ:ERIC) 14 0 0
Harris Corporation (NYSE:HRS) 21 0 6
Motorola Solutions Inc (NYSE:MSI) 35 0 6

With the returns exhibited by our studies, retail investors must always keep an eye on hedge fund and insider trading sentiment, and Nokia Corporation (ADR) (NYSE:NOK) is an important part of this process.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!