Institutional investors purchased a net $1.7 million shares of SHLD during the quarter ended January 2013. This may signal that the smart money is gaining interest in this company as the 72.16% of shares outstanding that institutional investors hold is actually below the Discount Stores industry average.
| Individual stakeholders | 57.49% |
| Other institutional | 50.62% |
| Mutual fund holders | 21.54% |