diff --git a/lib/tokenize.cpp b/lib/tokenize.cpp
index 7798c454f..7346221ef 100644
--- a/lib/tokenize.cpp
+++ b/lib/tokenize.cpp
@@ -2955,7 +2955,7 @@ void Tokenizer::createLinks2()
         } else if (token->str() == ">" || token->str() == ">>") {
             if (links.empty()) // < and > don't match.
                 continue;
-            if (token->next() && !token->next()->isName() && !Token::Match(token->next(), ">|&|*|::|,|("))
+            if (token->next() && !token->next()->isName() && !Token::Match(token->next(), ">|&|*|::|,|(|)"))
                 continue;
 
             // Check type of open link
diff --git a/test/testtokenize.cpp b/test/testtokenize.cpp
index c85cec9c5..ffcfb782d 100644
--- a/test/testtokenize.cpp
+++ b/test/testtokenize.cpp
@@ -324,6 +324,7 @@ private:
         TEST_CASE(vardecl_template_2);
         TEST_CASE(vardecl_union);
         TEST_CASE(vardecl_par);     // #2743 - set links if variable type contains parentheses
+        TEST_CASE(vardecl_par2)     // #3912 - set correct links
         TEST_CASE(volatile_variables);
         TEST_CASE(syntax_error);
         TEST_CASE(syntax_error_templates_1);
@@ -4738,6 +4739,17 @@ private:
         ASSERT_EQUALS(true, tokenizer.validate());
     }
 
+    void vardecl_par2() {
+        // ticket #3912 - set correct links
+        const char code[] = "function<void (shared_ptr<MyClass>)> v;";
+
+        Settings settings;
+        Tokenizer tokenizer(&settings, this);
+        std::istringstream istr(code);
+        tokenizer.tokenize(istr, "test.cpp", "", false);
+        ASSERT_EQUALS(true, tokenizer.validate());
+    }
+
     void vardec_static() {
         {
             // don't simplify declarations of static variables