Published on 14 Jan 2022 on Insider Monkey via Yahoo Finance

Hedge Funds Are Souring On Nokia Corporation (NOK)

At Insider Monkey, we pore over the filings of nearly 867 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30th. In this article, we will use that wealth of knowledge to determine whether or not Nokia Corporation (NYSE:NOK) makes for a good investment right now.

Nokia Corporation (NYSE:NOK) investors should be aware of a decrease in hedge fund sentiment lately. Nokia Corporation (NYSE:NOK) was in 22 hedge funds' portfolios at the end of September. The all time high for this statistic is 27. Our calculations also showed that NOK isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind let's review the latest hedge fund action surrounding Nokia Corporation (NYSE:NOK).