Institutional investors purchased a net $237.2 thousand shares of ARRS during the quarter ended March 2013 and now own 82.45% of the total shares outstanding. This majority interest is a greater percentage than is typical for companies in the Telecommunications Equipment industry and highlights that the smart money sees this stock as an important holding.
| Mutual fund holders | 42.60% |
| Other institutional | 39.85% |
| Individual stakeholders | 0.28% |