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 ≈ $17.11. Options: 11 managers hold calls ($99.7m notional), 12 hold puts ($58.7m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 324 |
| Q4 2022 | 335 |
| Q1 2023 | 331 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 125 | 122 |
| Q1 2023 | 147 | 110 |
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 |
| Q1 2023 | $99.7m | $58.7m | 0.59 |
Biggest buyers
| ALPS ADVISORS INC | Added | +7.5m |
| CIBC Private Wealth Group LLC | Added | +4.2m |
| JPMORGAN CHASE & CO | Added | +2.9m |
| Invesco Ltd. | Added | +1.5m |
| Mirae Asset Global Investments Co., Ltd. | Added | +1.3m |
| Energy Income Partners, LLC | Added | +1.3m |
| FMR LLC | Added | +734.3k |
| NBW CAPITAL LLC | New | +620.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Added | +600.0k |
| BANK OF AMERICA CORP /DE/ | Added | +586.9k |
Biggest sellers
| PATHSTONE FAMILY OFFICE, LLC | Reduced | -7.0m |
| ING GROEP NV | Reduced | -3.5m |
| Blackstone Inc. | Reduced | -3.4m |
| MORGAN STANLEY | Reduced | -2.6m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.3m |
| UBS Group AG | Reduced | -1.9m |
| DEUTSCHE BANK AG\ | Reduced | -1.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.7m |
| HRT FINANCIAL LP | Sold out | -1.1m |
| NATIXIS | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $47.7m3.8m shares |
| GROUP ONE TRADING LLC | Reduced | $21.2m1.7m shares |
| CITADEL ADVISORS LLC | Added | $13.2m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $6.0m479.1k shares |
| WOLVERINE TRADING, LLC | New | $5.3m425.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.9m234.2k shares |
| Walleye Trading LLC | Reduced | $1.8m146.3k shares |
| PEAK6 Investments LLC | Added | $1.6m125.0k shares |
| Cutler Group LLC / CA | Reduced | $18.0k45.5k shares |
| HAP Trading, LLC | New | $14.0k31.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $37.6m3.0m shares |
| CITADEL ADVISORS LLC | Added | $7.8m626.3k shares |
| GROUP ONE TRADING LLC | Reduced | $4.6m371.3k shares |
| Walleye Trading LLC | Reduced | $4.5m358.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.0m160.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m88.1k shares |
| WOLVERINE TRADING, LLC | New | $679.0k54.8k shares |
| PEAK6 Investments LLC | New | $286.8k23.0k shares |
| SUMMIT SECURITIES GROUP LLC | New | $75.0k6.0k shares |
| HAP Trading, LLC | Reduced | $8.0k15.0k 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 6.92% of their portfolio | 62.8m $783.6m | Added +7.5m |
| Invesco Ltd. 0.10% of their portfolio | 29.0m $362.2m | Added +1.5m |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 20.1m $251.1m | Reduced -2.3m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.72% of their portfolio | 19.8m $247.4m | Added +175.6k |
| Mirae Asset Global Investments Co., Ltd. 0.32% of their portfolio | 11.0m $136.9m | Added +1.3m |
| MORGAN STANLEY 0.01% of their portfolio | 10.8m $134.7m | Reduced -2.6m |
| CIBC Private Wealth Group LLC 1.67% of their portfolio | 10.2m $1.5bn | Added +4.2m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 3.71% of their portfolio | 10.0m $124.5m | Unchanged |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.1m $101.6m | Added +2.9m |
| Clearbridge Investments, LLC 0.08% of their portfolio | 7.0m $87.6m | Added +190.7k |
| UBS Group AG 0.04% of their portfolio | 6.9m $86.5m | Reduced -1.9m |
| CHICKASAW CAPITAL MANAGEMENT LLC 3.58% of their portfolio | 5.4m $67.1m | Reduced -291.1k |
| PATHSTONE FAMILY OFFICE, LLC 0.90% of their portfolio | 4.4m $55.2m | Reduced -7.0m |
| Brookfield Corp /ON/ 0.21% of their portfolio | 4.4m $54.5m | Reduced -418.0k |
| Blackstone Inc. 0.23% of their portfolio | 4.4m $54.3m | Reduced -3.4m |
| Energy Income Partners, LLC 1.20% of their portfolio | 4.3m $54.0m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 4.1m $51.7m | Reduced -1.8m |
| ING GROEP NV 0.50% of their portfolio | 4.1m $51.3m | Reduced -3.5m |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 9.52% of their portfolio | 3.9m $48.4m | Added +502.0k |
| EAGLE GLOBAL ADVISORS LLC 3.26% of their portfolio | 3.9m $48.3m | Reduced -11.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.6m $44.3m | Added +586.9k |
| WESTWOOD HOLDINGS GROUP INC 0.37% of their portfolio | 3.3m $41.3m | Added +125.4k |
| BARCLAYS PLC 0.04% of their portfolio | 3.2m $40.4m | Reduced -287.3k |
| Fractal Investments LLC 9.31% of their portfolio | 3.2m $40.1m | Added +226.2k |
| NATIXIS 0.36% of their portfolio | 3.1m $38.7m | Reduced -1.0m |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 3.0m $37.9m | Reduced -635.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.46% of their portfolio | 3.0m $37.9m | Added +600.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.5m $31.3m | Added +17.8k |
| MILLER HOWARD INVESTMENTS INC /NY 1.12% of their portfolio | 2.5m $31.0m | Added +9.6k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 6.49% of their portfolio | 2.3m $28.4m | Unchanged |
| COHEN & STEERS, INC. 0.06% of their portfolio | 2.1m $26.6m | Reduced -3.5k |
| Fayez Sarofim & Co 0.07% of their portfolio | 1.7m $20.6m | Unchanged |
| HENNESSY ADVISORS INC 1.32% of their portfolio | 1.4m $17.9m | Added +33.3k |
| FMR LLC 0.00% of their portfolio | 1.2m $15.2m | Added +734.3k |
| CITIGROUP INC 0.02% of their portfolio | 1.1m $13.8m | Reduced -149.6k |
| Strategic Income Management, LLC 13.49% of their portfolio | 1.0m $12.8m | Reduced -153.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.0m $12.7m | Added +274.0k |
| Mariner, LLC 0.03% of their portfolio | 927.1k $11.6m | Added +259.8k |
| Bollard Group LLC 0.41% of their portfolio | 918.1k $11.4m | Added +15.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 758.1k $9.5m | Added +18.8k |
| Adams Asset Advisors, LLC 1.25% of their portfolio | 746.6k $9.3m | Unchanged |
| NBW CAPITAL LLC 1.88% of their portfolio | 620.1k $7.7m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 574.5k $7.2m | Added +4.5k |
| Sovereign Investment Advisors, LLC 2.62% of their portfolio | 528.9k $6.6m | Unchanged |
| RR Advisors, LLC 1.15% of their portfolio | 528.0k $6.6m | Reduced -19.0k |
| Tortoise Index Solutions, LLC 1.11% of their portfolio | 468.0k $5.8m | Reduced -71.1k |
| Maryland State Retirement & Pension System 0.13% of their portfolio | 457.8k $5.7m | Added +349.7k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.95% of their portfolio | 457.7k $5.7m | Added +61.0k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.57% of their portfolio | 447.9k $5.6m | Added +179.1k |
| ICON ADVISERS INC/CO 1.39% of their portfolio | 437.0k $5.4m | Reduced -160.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 426.4k $5.3m | Added +6.8k |
| HighTower Advisors, LLC 0.01% of their portfolio | 423.7k $5.3m | Added +10.2k |
| AMERICAN FINANCIAL GROUP INC 1.60% of their portfolio | 412.5k $5.1m | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 411.3k $5.1m | Reduced -142.2k |
| CWA Asset Management Group, LLC 0.38% of their portfolio | 411.2k $5.1m | Added +2.5k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 387.8k $4.8m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 359.4k $4.5m | Reduced -73.7k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 350.8k $4.4m | Added +15.7k |
| Corient Private Wealth LP 0.01% of their portfolio | 350.2k $4.4m | Added +16.7k |
| Price Jennifer C. 1.30% of their portfolio | 327.5k $4.1m | Reduced -91.1k |
| Texas Yale Capital Corp. 0.21% of their portfolio | 327.0k $4.1m | Added +12.7k |
| CASTLEARK MANAGEMENT LLC 0.20% of their portfolio | 322.4k $4.0m | Unchanged |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.86% of their portfolio | 310.0k $3.9m | Added +16.0k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 291.5k $3.6m | Reduced -2.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 243.2k $3.0m | Reduced -22.3k |
| Walleye Trading LLC 0.10% of their portfolio | 232.2k $2.9m | Reduced -73.0k |
| WALNUT PRIVATE EQUITY PARTNERS, LLC 2.50% of their portfolio | 230.0k $2.9m | Added +70.0k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 225.2k $2.8m | Reduced -77.8k |
| LPL Financial LLC 0.00% of their portfolio | 223.0k $2.8m | Reduced -13.4k |
| U.S. Capital Wealth Advisors, LLC 0.13% of their portfolio | 217.6k $2.7m | Added +40.0k |
| Advisors Asset Management, Inc. 0.05% of their portfolio | 212.9k $2.7m | Reduced -20.0k |
| Crescent Grove Advisors, LLC 0.30% of their portfolio | 210.2k $2.6m | Added +12.6k |
| Chicago Partners Investment Group LLC 0.16% of their portfolio | 202.2k $2.7m | Reduced -145 |
| SG Americas Securities, LLC 0.03% of their portfolio | 200.0k $2.5m | Reduced -552.5k |
| Amundi 0.00% of their portfolio | 194.3k $2.5m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 193.4k $2.4m | Added +610 |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 182.4k $2.3m | Reduced -800 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 181.1k $2.3m | Reduced -310 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 175.0k $2.2m | Reduced -158.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 165.6k $2.1m | Reduced -15.8k |
| Moody Aldrich Partners LLC 0.40% of their portfolio | 158.4k $2.0m | Unchanged |
| Aviance Capital Partners, LLC 0.43% of their portfolio | 155.5k $1.9m | Added +2.1k |
| AJ WEALTH STRATEGIES, LLC 0.10% of their portfolio | 150.7k $1.9m | Unchanged |
| ELCO Management Co., LLC 1.34% of their portfolio | 147.8k $1.8m | Reduced -6.7k |
| B. Riley Wealth Advisors, Inc. 0.05% of their portfolio | 139.0k $1.7m | Added +54.3k |
| Morningstar Investment Management LLC 0.25% of their portfolio | 136.6k $1.7m | Reduced -90.7k |
| Americana Partners, LLC 0.26% of their portfolio | 130.8k $1.6m | Added +265 |
| Icon Wealth Partners, LLC 0.17% of their portfolio | 126.2k $1.6m | First filing |
| Bank of New York Mellon Corp 0.00% of their portfolio | 126.1k $1.6m | Reduced -301 |
| STEPHENS INC /AR/ 0.03% of their portfolio | 119.6k $1.5m | Reduced -448 |
| US BANCORP \DE\ 0.00% of their portfolio | 119.4k $1.5m | Reduced -190 |
| Atria Wealth Solutions, Inc. 0.02% of their portfolio | 118.7k $1.5m | Added +37.1k |
| Oxbow Advisors, LLC 0.25% of their portfolio | 112.5k $1.4m | Unchanged |
| Wealthspire Advisors, LLC 0.02% of their portfolio | 111.0k $1.4m | Added +20.0k |
| OTA Financial Group L.P. 1.31% of their portfolio | 110.1k $1.4m | Added +18.3k |
| Penn Mutual Asset Management 1.30% of their portfolio | 109.5k $1.4m | Unchanged |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio | 104.0k $1.3m | Reduced -1.9k |
| DIVIDEND ASSETS CAPITAL, LLC 0.26% of their portfolio | 102.5k $1.2m | Unchanged |
| FORTEM FINANCIAL GROUP, LLC 0.80% of their portfolio | 98.9k $1.2m | Added +8.4k |
| J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio | 97.6k $1.2m | Added +11.7k |