Institutional investors purchased a net $63.0 million shares of BAC during the quarter ended March 2013 and now own 58.92% of the total shares outstanding. This majority interest is a greater percentage than is typical for companies in the Major Banks industry and highlights that the smart money sees this stock as an important holding.
| Other institutional | 33.36% |
| Mutual fund holders | 25.55% |
| Individual stakeholders | 0.45% |