Institutional investors purchased a net $4.8 million shares of MERU during the quarter ended March 2013 and now own 44.29% of the total shares outstanding. This is a greater percentage than is typical for companies in the Computer Communications industry and highlights that the smart money sees this stock as an important holding.
| Mutual fund holders | 5.58% |
| Other institutional | 38.72% |
| Individual stakeholders | 25.81% |