PLAINS ALL AMERN PIPELINE L PAA
UNIT LTD PARTN · MLP · CUSIP 726503105
Midstream oil and gas company
- SectorEnergy
- IndustryPipe Lines (No Natural Gas)
- HeadquartersHouston, TX
- Founded1981
- Websiteplainsallamerican.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.67. Options: 13 managers hold calls ($124.0m notional), 10 hold puts ($91.2m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 324 |
| Q4 2022 | 335 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $102.0m | $83.2m | 0.82 |
| Q4 2022 | $124.0m | $91.2m | 0.74 |
Biggest buyers
| MORGAN STANLEY | Added | +3.9m |
| ING GROEP NV | Added | +3.8m |
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| WESTWOOD HOLDINGS GROUP INC | New | +3.2m |
| Invesco Ltd. | Added | +1.6m |
| Mirae Asset Global Investments Co., Ltd. | Added | +1.3m |
| NATIXIS | Added | +1.2m |
| UBS Group AG | Added | +1.1m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.0m |
| Fractal Investments LLC | Added | +840.9k |
Biggest sellers
| Blackstone Inc. | Reduced | -5.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.7m |
| Salient Capital Advisors, LLC | Sold out | -3.3m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Reduced | -2.2m |
| Brookfield Corp /ON/ | Reduced | -2.1m |
| CHICKASAW CAPITAL MANAGEMENT LLC | Reduced | -955.6k |
| CITADEL ADVISORS LLC | Sold out | -952.6k |
| ALPS ADVISORS INC | Reduced | -800.4k |
| CIBC Private Wealth Group LLC | Reduced | -772.1k |
| Qube Research & Technologies Ltd | Sold out | -446.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $39.7m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $36.4m3.1m shares |
| CITADEL ADVISORS LLC | Added | $12.3m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $10.7m907.8k shares |
| UBS Group AG | New | $8.2m700.0k shares |
| SIMPLEX TRADING, LLC | Added | $6.0m507.3k shares |
| CMT Capital Markets Trading GmbH | Reduced | $4.0m37.3k shares |
| BANK OF AMERICA CORP /DE/ | New | $2.9m250.0k shares |
| Walleye Trading LLC | Reduced | $1.8m150.8k shares |
| CITIGROUP INC | Unchanged | $1.8m150.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $48.8m4.1m shares |
| GROUP ONE TRADING LLC | Reduced | $15.5m1.3m shares |
| JANE STREET GROUP, LLC | Reduced | $9.9m839.5k shares |
| Walleye Trading LLC | Added | $8.2m700.1k shares |
| CITADEL ADVISORS LLC | Reduced | $5.6m475.4k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m171.5k shares |
| Verition Fund Management LLC | New | $1.2m100.0k shares |
| HAP Trading, LLC | Reduced | $8.0k21.7k shares |
| Cutler Group LLC / CA | Reduced | $3.0k8.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| ALPS ADVISORS INC 13G · institution -0.2 pts · filed 2026-10-07 | 9.8% |
Fell to 5% or below in the last year: CIBC Private Wealth Group LLC (0.0%, 2026-10-05)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $2.0m | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 5.80% of their portfolio | 55.3m $650.8m | Reduced -800.4k |
| Invesco Ltd. 0.09% of their portfolio | 27.5m $323.8m | Added +1.6m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 22.5m $264.3m | Added +3.2m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.47% of their portfolio | 19.7m $231.3m | Reduced -2.2m |
| MORGAN STANLEY 0.02% of their portfolio | 13.4m $157.5m | Added +3.9m |
| PATHSTONE FAMILY OFFICE, LLC 0.95% of their portfolio | 11.4m $112.3m | Reduced -1.6k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 3.46% of their portfolio | 10.0m $117.4m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.30% of their portfolio | 9.6m $113.5m | Added +1.3m |
| UBS Group AG 0.05% of their portfolio | 8.9m $104.4m | Added +1.1m |
| Blackstone Inc. 0.35% of their portfolio | 7.7m $91.1m | Reduced -5.0m |
| ING GROEP NV 0.90% of their portfolio | 7.7m $90.0m | Added +3.8m |
| Clearbridge Investments, LLC 0.08% of their portfolio | 6.8m $80.4m | Added +329.2k |
| CIBC Private Wealth Group LLC 0.24% of their portfolio | 6.0m $70.5m | Reduced -772.1k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 5.9m $69.3m | Added +42.8k |
| CHICKASAW CAPITAL MANAGEMENT LLC 3.53% of their portfolio | 5.7m $66.7m | Reduced -955.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.3m $61.8m | Added +383.6k |
| Brookfield Corp /ON/ 0.21% of their portfolio | 4.8m $56.3m | Reduced -2.1m |
| NATIXIS 0.29% of their portfolio | 4.1m $48.7m | Added +1.2m |
| EAGLE GLOBAL ADVISORS LLC 3.15% of their portfolio | 3.9m $45.7m | Added +513.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 3.7m $43.2m | Added +1.0m |
| BARCLAYS PLC 0.04% of their portfolio | 3.5m $41.5m | First filing |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 7.91% of their portfolio | 3.4m $39.7m | Added +400.9k |
| WESTWOOD HOLDINGS GROUP INC 0.33% of their portfolio | 3.2m $37.5m | New |
| Energy Income Partners, LLC 0.80% of their portfolio | 3.0m $35.3m | Added +113.0k |
| Fractal Investments LLC 8.37% of their portfolio | 3.0m $35.1m | Added +840.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.0m $34.9m | Reduced -3.7m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.5m $29.3m | Reduced -152.8k |
| MILLER HOWARD INVESTMENTS INC /NY 1.05% of their portfolio | 2.5m $29.1m | Reduced -15.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.35% of their portfolio | 2.4m $28.7m | Unchanged |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 6.06% of their portfolio | 2.3m $26.7m | Unchanged |
| COHEN & STEERS, INC. 0.06% of their portfolio | 2.1m $25.1m | Reduced -153.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.7m $19.5m | Reduced -12.5k |
| Fayez Sarofim & Co 0.07% of their portfolio | 1.7m $19.4m | Reduced -97 |
| HENNESSY ADVISORS INC 1.08% of their portfolio | 1.4m $16.5m | Reduced -30.1k |
| CITIGROUP INC 0.02% of their portfolio | 1.3m $14.8m | Added +77.1k |
| Strategic Income Management, LLC 11.10% of their portfolio | 1.2m $13.8m | First filing |
| HRT FINANCIAL LP 0.18% of their portfolio | 1.1m $12.6m | Added +701.4k |
| Bollard Group LLC 0.41% of their portfolio | 902.7k $10.6m | Added +758 |
| SG Americas Securities, LLC 0.13% of their portfolio | 752.5k $8.8m | Added +141.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 747.2k $8.8m | Reduced -176.8k |
| Adams Asset Advisors, LLC 1.18% of their portfolio | 746.6k $8.8m | Added +1.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 739.3k $8.7m | Reduced -861 |
| Mariner, LLC 0.03% of their portfolio | 667.2k $7.8m | Added +70.9k |
| ICON ADVISERS INC/CO 1.80% of their portfolio | 597.0k $7.0m | Reduced -23.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 570.0k $6.7m | Reduced -1.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio | 553.5k $6.5m | Reduced -270.5k |
| RR Advisors, LLC 1.08% of their portfolio | 547.0k $6.4m | Reduced -1.0k |
| Tortoise Index Solutions, LLC 0.43% of their portfolio | 539.1k $2.3m | Added +119.6k |
| Sovereign Investment Advisors, LLC 2.61% of their portfolio | 528.9k $6.2m | Unchanged |
| Jump Financial, LLC 0.32% of their portfolio | 519.8k $6.1m | Reduced -116.3k |
| FMR LLC 0.00% of their portfolio | 488.6k $5.7m | Reduced -63.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 433.1k $5.1m | Added +12.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 419.6k $4.9m | Added +69.8k |
| Price Jennifer C. 1.18% of their portfolio | 418.6k $4.9m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 413.5k $4.9m | Added +11.2k |
| AMERICAN FINANCIAL GROUP INC 1.62% of their portfolio | 412.5k $4.9m | Unchanged |
| CWA Asset Management Group, LLC 0.39% of their portfolio | 408.8k $4.8m | Added +17.9k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.78% of their portfolio | 396.7k $4.7m | Unchanged |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 387.8k $4.6m | Unchanged |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 335.1k $3.9m | Reduced -8.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 333.7k $3.9m | Added +21.3k |
| Corient Private Wealth LP 0.01% of their portfolio | 333.5k $3.9m | First filing |
| CASTLEARK MANAGEMENT LLC 0.20% of their portfolio | 322.4k $3.8m | Added +77.0k |
| Texas Yale Capital Corp. 0.21% of their portfolio | 314.3k $3.7m | Added +35.0k |
| Walleye Trading LLC 0.09% of their portfolio | 305.1k $3.6m | Reduced -77.4k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 303.0k $3.6m | Unchanged |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 294.3k $3.5m | Added +97.6k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.78% of their portfolio | 294.0k $3.5m | Unchanged |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.30% of their portfolio | 268.8k $3.2m | Reduced -66.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 265.5k $3.1m | Reduced -16.9k |
| LPL Financial LLC 0.00% of their portfolio | 236.4k $2.8m | Added +18.1k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 232.9k $2.7m | Added +5.8k |
| Morningstar Investment Management LLC 0.45% of their portfolio | 227.3k $2.7m | Reduced -15.3k |
| Chicago Partners Investment Group LLC 0.16% of their portfolio | 202.3k $2.5m | Reduced -240 |
| Crescent Grove Advisors, LLC 0.24% of their portfolio | 197.7k $2.3m | Added +24.2k |
| Amundi 0.00% of their portfolio | 194.3k $2.3m | New |
| BlackRock Inc. 0.00% of their portfolio | 192.8k $2.3m | Reduced -12.1k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 183.2k $2.2m | Added +23.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 181.4k $2.1m | Added +32.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 181.4k $2.1m | Reduced -8.9k |
| U.S. Capital Wealth Advisors, LLC 0.10% of their portfolio | 177.5k $2.1m | Reduced -5.7k |
| Magnetar Financial LLC 0.03% of their portfolio | 162.2k $1.9m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 160.7k $1.9m | Reduced -186.6k |
| WALNUT PRIVATE EQUITY PARTNERS, LLC 1.79% of their portfolio | 160.0k $1.9m | New |
| Moody Aldrich Partners LLC 0.38% of their portfolio | 158.4k $1.9m | Added +53.5k |
| Ergoteles LLC 0.00% of their portfolio | 157.9k $6.8k | New |
| ELCO Management Co., LLC 1.37% of their portfolio | 154.5k $1.8m | Reduced -35 |
| Aviance Capital Partners, LLC 0.42% of their portfolio | 153.4k $1.8m | Added +7.2k |
| AJ WEALTH STRATEGIES, LLC 0.09% of their portfolio | 150.7k $1.8m | Unchanged |
| Icon Wealth Advisors, LLC 0.18% of their portfolio | 135.9k $1.6m | Reduced -2.8k |
| Americana Partners, LLC 0.27% of their portfolio | 130.5k $1.5m | Reduced -5.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 126.4k $1.5m | Reduced -21.4k |
| STEPHENS INC /AR/ 0.03% of their portfolio | 120.1k $1.4m | Reduced -6.2k |
| US BANCORP \DE\ 0.00% of their portfolio | 119.5k $1.4m | Added +411 |
| Oxbow Advisors, LLC 0.25% of their portfolio | 112.5k $1.3m | Reduced -8.5k |
| Penn Mutual Asset Management 1.44% of their portfolio | 109.5k $1.3m | Unchanged |
| Maryland State Retirement & Pension System 0.04% of their portfolio | 108.1k $1.3m | New |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio | 105.9k $1.2m | Reduced -4.9k |
| DIVIDEND ASSETS CAPITAL, LLC 0.26% of their portfolio | 102.5k $1.2m | Reduced -2.2k |
| BOKF, NA 0.02% of their portfolio | 96.0k $1.1m | Added +350 |