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$ARAY
$0.12 -$0.01 (5.38%) Close

Ownership

13F as of Q2 2026 · 119.4M shares outstanding

Who owns ARAY?

By type of holder
Institutions 59.1% Insiders 5.4% Everyone else 35.5%
Concentration Top 10 holders own 43.1%
TCW Group Inc 15.9% · BlackRock, Inc. 2.7%
Institutional ownership
59.1%
-4.3 pts vs last qtr
Institutional holders
110
-15 vs last qtr
Net shares bought
−5.1M
by institutions in Q2 2026
New / sold out
27 / 42
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • TCW Group Inc +3.5M
  • Jane Street Group, LLC NEW +2.1M

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Biggest sellers in Q2 2026
  • BlackRock, Inc. −5.2M
  • Mackenzie Financial Corp SOLD OUT −2.3M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$302K
4 notices from 4 people
Shares covered
405.6K
0.34% of the company
Arranged in advance
14%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$141.3K$282.6KNovDec 2025: $40.8K under a 10b5-1 planDec 2025: $241.8K without a planDecJanFebMarAprMayJun 2026: $19.4K without a planJunJulAugSepOct
Largest proposed sellers
  • Kill Robert Former director $242K
  • Winter Suzanne C Officer 10b5-1 $20.4K

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2012–FY2025
+45.0%
+4.21% a year
Each share's claim on the business
−31.0%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
$14.1M vs $97.4M
over 10 fiscal years
Diluted shares, split-adjusted
68.8M86.3M103.8M2012: 70.9M shares'122013: 73.3M shares'132018: 84.9M shares'182019: 87.5M shares'192020: 90.6M shares'202021: 92.0M shares'212022: 92.1M shares'222023: 94.9M shares'232024: 98.3M shares'242025: 102.8M shares'25
Buybacks Stock-based comp
$0$7.0M$14.1M2012 buybacks: $02012 stock comp: $8.5M'122013 buybacks: $02013 stock comp: $8.2M'132018 buybacks: $02018 stock comp: $12.3M'182019 buybacks: $02019 stock comp: $10.6M'192020 buybacks: $02020 stock comp: $8.2M'202021 buybacks: $14.1M2021 stock comp: $9.3M'212022 buybacks: $02022 stock comp: $10.6M'222023 buybacks: $02023 stock comp: $10.1M'232024 buybacks: $02024 stock comp: $9.5M'242025 buybacks: $02025 stock comp: $10.2M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years39% 3–5 years1% 1–3 years44% Under 1 year17%
Quarterly turnover
21.1%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting ARAY on Form 13F
TG
TCW Group Inc
13D · 18.7%
Shares
18.9M
% of company
15.86%
Change vs last qtr
+3.5M (+22.5%)
Held since
2025
B
BlackRock, Inc.
Shares
3.3M
% of company
2.73%
Change vs last qtr
−5.2M (−61.4%)
Held since
≤2021

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Institutional Funds

Mutual funds and ETFs reporting ARAY on Form N-PORT; together they hold 11.3% of the company
NI
Neuberger Berman Equity Funds
Position value
$812K
% of company
1.18%
% of the fund
0.06%
As of
February 28, 2026
VT
Position value
$805K
% of company
2.61%
% of the fund
0.00%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
MS
Mayer Steven F
Insider
Shares
1.5M
% of company
1.29%
Change vs last qtr
—
Held since
—
WS
Winter Suzanne C
Insider
Shares
1.2M
% of company
1.00%
Change vs last qtr
—
Held since
—

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