Institutional investors purchased a net $735.0 thousand shares of NOAH during the quarter ended March 2013. This may signal that the smart money is gaining interest in this company as the 9.66% of the shares outstanding that institutional investors hold is among the lowest in the Investment Banks/Brokers industry.
| Other institutional | 7.29% |
| Mutual fund holders | 2.37% |
| Individual stakeholders | -- |