Institutional investors purchased a net $1.8 million shares of SMLP during the quarter ended December 2012. This may signal that the smart money is gaining interest in this company as the 55.23% of the shares outstanding that institutional investors hold is among the lowest in the Oil & Gas Pipelines industry.
| Individual stakeholders | 41.28% |
| Mutual fund holders | 30.31% |
| Other institutional | 24.92% |