HELSINKI, July 1, 2026, 22:01 EEST
- Nokia Oyj HEL:NOKIA traded at €11.39 in Helsinki, off 1.47%. Its New York ADR NYSE:NOK showed $12.94, down 2.60%, according to Nokia’s investor page.
- FMR LLC’s voting rights dropped to 4.92% from 5.05%, slipping below Finland’s 5% disclosure threshold. Its stake stayed at 5.20%.
- FMR’s stake in Nokia, based on €11.39 a share, was valued near €3.40 billion. The difference between its share count and voting rights was around 16.5 million shares, or about €188 million worth.
- Nokia reports Q2 and half-year numbers on July 23. In Q1, AI & Cloud sales climbed 49%, with orders from those clients at €1 billion.
Nokia Oyj HEL:NOKIA slipped Wednesday after a new filing showed FMR LLC’s indirect voting rights in the company fell below 5% as of June 29. Its shareholding stayed just above at 5.20%. The stock has traded as an AI infrastructure play.
Nasdaq Helsinki ran a regular session on July 1, with trading in local stocks set for 10:00 to 18:30. July 1 isn’t on the 2026 exchange holiday calendar.
Nokia’s own investor site, Nasdaq’s index update, and U.S. market snapshot all matched up on same-day figures.
| Instrument | Latest cited read | Day move | Investor read-through |
|---|---|---|---|
| Nokia Oyj HEL:NOKIA, Helsinki | €11.39 | -1.47% | Stock slid with rest of the market |
| Nokia Oyj ADR NYSE:NOK, New York | $12.94 | -2.60% | U.S. shares fell further |
| OMX Helsinki 25 index | 6,145.91 | -94.10 pts | Blue chips in Finland lost ground |
| Telefonaktiebolaget LM Ericsson ADR NASDAQ:ERIC | $10.83 | about -2.9% | Pressure still on the network names |
| Ciena Corp NYSE:CIEN | $460.21 | about -6.2% | Optical name sold off more |
The cross-list didn’t show much of a gap. With Google Finance’s EUR/USD at 1.1381, Nokia’s Helsinki price of €11.39 worked out to about $12.96, nearly matching the $12.94 level on the ADR.
The key detail was FMR’s different numbers for shares and votes. Nokia reported FMR owned 298,784,430 shares but only 282,257,521 voting rights. That’s a shortfall of 16,526,909 shares between the totals.
| FMR LLC disclosure line | Previous notification | Latest notification | Change |
|---|---|---|---|
| Shares | 5.26% | 5.20% | -0.06 pct point |
| Voting rights | 5.05% | 4.92% | -0.13 pct point |
| Shares, implied from total share count | ~302.0 mln | 298.8 mln | ~-3.3 mln |
| Voting rights, implied from total share count | ~290.0 mln | 282.3 mln | ~-7.7 mln |
| Latest share-vote gap | — | 16.5 mln shares | 0.29% of capital |
This is relevant because Finland requires flagging when holdings or voting rights hit or cross certain thresholds like 5%. So, Nokia holders may not see another update from FMR unless its holding drops below 5% or its vote swings back to a threshold. Regular moves inside the band usually aren’t reported the same way.
The filing isn’t just a bearish move. It shows a lowered voting line, not a total exit. Still, it puts a big holder’s move on record after Nokia shares ran up this year and with Q2 earnings ahead.
Nokia’s April figures shed some light on the stock’s recent moves. The company’s Q1 comparable operating profit jumped 54% to €281 million, beating the €250 million average forecast from an Infront poll. Sales to AI and cloud customers climbed 49%. After the results, Reuters said the shares hit their highest level since April 2010.
CEO Justin Hotard said in Nokia’s Q1 update: “We are increasing our growth assumption for Optical and IP Networks and we are investing to capture accelerating demand from AI & Cloud customers.” He said AI & Cloud made up 8% of group sales and Nokia landed €1 billion in orders from those clients for the quarter. Nokia Corporation | Nokia
Hotard told Reuters in April that Europe isn’t ready yet for AI data centres. “The issue today is Europe doesn’t have the infrastructure,” he said. “You need connectivity. You need data centre capacity.” Reuters
Nokia’s Q2 closed window runs June 23 to July 23. The company plans to report Q2 and half-year numbers on July 23.
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