Vault-13

PLAINS ALL AMERN PIPELINE L PAA

UNIT LTD PARTN · MLP · CUSIP 726503105

Midstream oil and gas company

331 institutional holders -4 vs Q4 2022
297,203,546297.2m shares reported held*
$5.1bnreported value*
31 new 116 added 78 reduced 32 sold out net sold ≈ $59.5m (-6.9m shares)

* 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

0200400Q3 22: 324Q4 22: 335Q1 23: 331331Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022324
Q4 2022335
Q1 2023331

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 125 bought or addedQ4 22: 122 cut or sold outQ4 22Q1 23: 147 bought or addedQ1 23: 110 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022125122
Q1 2023147110

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 22 calls: $102.0mQ3 22 puts: $83.2mQ3 22P/C 0.82Q4 22 calls: $124.0mQ4 22 puts: $91.2mQ4 22P/C 0.74Q1 23 calls: $99.7mQ1 23 puts: $58.7mQ1 23P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2022$102.0m$83.2m0.82
Q4 2022$124.0m$91.2m0.74
Q1 2023$99.7m$58.7m0.59

Biggest buyers

ALPS ADVISORS INC Added +7,501,247+7.5m
CIBC Private Wealth Group LLC Added +4,182,111+4.2m
JPMORGAN CHASE & CO Added +2,892,097+2.9m
Invesco Ltd. Added +1,507,392+1.5m
Mirae Asset Global Investments Co., Ltd. Added +1,330,610+1.3m
Energy Income Partners, LLC Added +1,325,500+1.3m
FMR LLC Added +734,311+734.3k
NBW CAPITAL LLC New +620,144+620.1k
DUFF & PHELPS INVESTMENT MANAGEMENT CO Added +600,000+600.0k
BANK OF AMERICA CORP /DE/ Added +586,862+586.9k

Biggest sellers

PATHSTONE FAMILY OFFICE, LLC Reduced -6,951,804-7.0m
ING GROEP NV Reduced -3,542,100-3.5m
Blackstone Inc. Reduced -3,391,685-3.4m
MORGAN STANLEY Reduced -2,588,955-2.6m
GOLDMAN SACHS GROUP INC Reduced -2,339,629-2.3m
UBS Group AG Reduced -1,942,602-1.9m
DEUTSCHE BANK AG\ Reduced -1,750,902-1.8m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -1,657,668-1.7m
HRT FINANCIAL LP Sold out -1,072,554-1.1m
NATIXIS Reduced -1,037,200-1.0m

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.

HolderStakeChangeShares Last filed
ALPS ADVISORS INC 13G · institution -0.2 pts · filed 2026-10-07 9.8% -0.2 pts 69.3m≈ $1.5bn 2026-10-07

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)

BuyingSelling
101Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 0 buyingQ4 21: 0 sellingQ1 22: 0 buyingQ1 22: 0 sellingQ1 22Q2 22: 1 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20210—0——
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20221$2.0m0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALPS ADVISORS INC 6.92% of their portfolio Denver, CO 62,838,34862.8m $783.6m $783.6m 6.92% Added +7.5m +7,501,247
2 Invesco Ltd. 0.10% of their portfolio ATLANTA, GA 29,042,96529.0m $362.2m $362.2m 0.10% Added +1.5m +1,507,392
3 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 20,132,74720.1m $251.1m $251.1m 0.07% Reduced -2.3m -2,339,629
4 TORTOISE CAPITAL ADVISORS, L.L.C. 3.72% of their portfolio OVERLAND PARK, KS 19,842,34819.8m $247.4m $247.4m 3.72% Added +175.6k +175,572
5 Mirae Asset Global Investments Co., Ltd. 0.32% of their portfolio SEOUL, M5 10,977,84911.0m $136.9m $136.9m 0.32% Added +1.3m +1,330,610
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 10,800,14210.8m $134.7m $134.7m 0.01% Reduced -2.6m -2,588,955
7 CIBC Private Wealth Group LLC 1.67% of their portfolio ATLANTA, GA 10,216,47210.2m $1.5bn $1.5bn 1.67% Added +4.2m +4,182,111
8 KAYNE ANDERSON CAPITAL ADVISORS LP 3.71% of their portfolio LOS ANGELES, CA 9,984,05010.0m $124.5m $124.5m 3.71% Unchanged
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 8,147,1388.1m $101.6m $101.6m 0.01% Added +2.9m +2,892,097
10 Clearbridge Investments, LLC 0.08% of their portfolio NEW YORK, NY 7,028,6537.0m $87.6m $87.6m 0.08% Added +190.7k +190,700
11 UBS Group AG 0.04% of their portfolio ZURICH, V8 6,935,3986.9m $86.5m $86.5m 0.04% Reduced -1.9m -1,942,602
12 CHICKASAW CAPITAL MANAGEMENT LLC 3.58% of their portfolio MEMPHIS, TN 5,382,2615.4m $67.1m $67.1m 3.58% Reduced -291.1k -291,123
13 PATHSTONE FAMILY OFFICE, LLC 0.90% of their portfolio ENGLEWOOD, NJ 4,428,0284.4m $55.2m $55.2m 0.90% Reduced -7.0m -6,951,804
14 Brookfield Corp /ON/ 0.21% of their portfolio TORONTO, A6 4,369,9994.4m $54.5m $54.5m 0.21% Reduced -418.0k -417,975
15 Blackstone Inc. 0.23% of their portfolio NEW YORK, NY 4,352,5514.4m $54.3m $54.3m 0.23% Reduced -3.4m -3,391,685
16 Energy Income Partners, LLC 1.20% of their portfolio Westport, CT 4,330,0264.3m $54.0m $54.0m 1.20% Added +1.3m +1,325,500
17 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 4,141,9504.1m $51.7m $51.7m 0.03% Reduced -1.8m -1,750,902
18 ING GROEP NV 0.50% of their portfolio AMSTERDAM, P7 4,110,8004.1m $51.3m $51.3m 0.50% Reduced -3.5m -3,542,100
19 INFRASTRUCTURE CAPITAL ADVISORS, LLC 9.52% of their portfolio New York, NY 3,880,1463.9m $48.4m $48.4m 9.52% Added +502.0k +501,996
20 EAGLE GLOBAL ADVISORS LLC 3.26% of their portfolio Houston, TX 3,874,0323.9m $48.3m $48.3m 3.26% Reduced -11.1k -11,130
21 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,552,3843.6m $44.3m $44.3m 0.01% Added +586.9k +586,862
22 WESTWOOD HOLDINGS GROUP INC 0.37% of their portfolio DALLAS, TX 3,313,8423.3m $41.3m $41.3m 0.37% Added +125.4k +125,436
23 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 3,238,8283.2m $40.4m $40.4m 0.04% Reduced -287.3k -287,273
24 Fractal Investments LLC 9.31% of their portfolio Glastonbury, CT 3,214,2583.2m $40.1m $40.1m 9.31% Added +226.2k +226,200
25 NATIXIS 0.36% of their portfolio PARIS, I0 3,104,5003.1m $38.7m $38.7m 0.36% Reduced -1.0m -1,037,200
26 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 3,040,0593.0m $37.9m $37.9m 0.08% Reduced -635.1k -635,080
27 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.46% of their portfolio CHICAGO, IL 3,039,9003.0m $37.9m $37.9m 0.46% Added +600.0k +600,000
28 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,513,2472.5m $31.3m $31.3m 0.01% Added +17.8k +17,789
29 MILLER HOWARD INVESTMENTS INC /NY 1.12% of their portfolio KINGSTON, NY 2,484,0012.5m $31.0m $31.0m 1.12% Added +9.6k +9,590
30 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 6.49% of their portfolio BOSTON, MA 2,274,1542.3m $28.4m $28.4m 6.49% Unchanged
31 COHEN & STEERS, INC. 0.06% of their portfolio NEW YORK, NY 2,135,0022.1m $26.6m $26.6m 0.06% Reduced -3.5k -3,460
32 Fayez Sarofim & Co 0.07% of their portfolio Houston, TX 1,652,7871.7m $20.6m $20.6m 0.07% Unchanged
33 HENNESSY ADVISORS INC 1.32% of their portfolio NOVATO, CA 1,433,4361.4m $17.9m $17.9m 1.32% Added +33.3k +33,300
34 FMR LLC 0.00% of their portfolio BOSTON, MA 1,222,8801.2m $15.2m $15.2m 0.00% Added +734.3k +734,311
35 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 1,110,6361.1m $13.8m $13.8m 0.02% Reduced -149.6k -149,550
36 Strategic Income Management, LLC 13.49% of their portfolio SEATTLE, WA 1,028,1321.0m $12.8m $12.8m 13.49% Reduced -153.3k -153,272
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 1,021,1401.0m $12.7m $12.7m 0.02% Added +274.0k +273,962
38 Mariner, LLC 0.03% of their portfolio Overland Park, KS 927,058927.1k $11.6m $11.6m 0.03% Added +259.8k +259,840
39 Bollard Group LLC 0.41% of their portfolio BOSTON, MA 918,071918.1k $11.4m $11.4m 0.41% Added +15.4k +15,407
40 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 758,068758.1k $9.5m $9.5m 0.00% Added +18.8k +18,796
41 Adams Asset Advisors, LLC 1.25% of their portfolio DALLAS, TX 746,648746.6k $9.3m $9.3m 1.25% Unchanged
42 NBW CAPITAL LLC 1.88% of their portfolio BOSTON, MA 620,144620.1k $7.7m $7.7m 1.88% New
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 574,516574.5k $7.2m $7.2m 0.00% Added +4.5k +4,536
44 Sovereign Investment Advisors, LLC 2.62% of their portfolio PHOENIX, AZ 528,931528.9k $6.6m $6.6m 2.62% Unchanged
45 RR Advisors, LLC 1.15% of their portfolio DALLAS, TX 528,000528.0k $6.6m $6.6m 1.15% Reduced -19.0k -19,000
46 Tortoise Index Solutions, LLC 1.11% of their portfolio OVERLAND PARK, KS 468,015468.0k $5.8m $5.8m 1.11% Reduced -71.1k -71,101
47 Maryland State Retirement & Pension System 0.13% of their portfolio BALTIMORE, MD 457,820457.8k $5.7m $5.7m 0.13% Added +349.7k +349,735
48 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.95% of their portfolio Fort Collins, CO 457,713457.7k $5.7m $5.7m 0.95% Added +61.0k +61,049
49 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.57% of their portfolio DALLAS, TX 447,900447.9k $5.6m $5.6m 0.57% Added +179.1k +179,135
50 ICON ADVISERS INC/CO 1.39% of their portfolio GREENWOOD VILLAGE, CO 437,000437.0k $5.4m $5.4m 1.39% Reduced -160.0k -160,000
51 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 426,438426.4k $5.3m $5.3m 0.00% Added +6.8k +6,788
52 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 423,667423.7k $5.3m $5.3m 0.01% Added +10.2k +10,206
53 AMERICAN FINANCIAL GROUP INC 1.60% of their portfolio CINCINNATI, OH 412,500412.5k $5.1m $5.1m 1.60% Unchanged
54 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio BALA CYNWYD, PA 411,284411.3k $5.1m $5.1m 0.12% Reduced -142.2k -142,184
55 CWA Asset Management Group, LLC 0.38% of their portfolio NAPLES, FL 411,250411.2k $5.1m $5.1m 0.38% Added +2.5k +2,455
56 JENNISON ASSOCIATES LLC 0.00% of their portfolio NEW YORK, NY 387,796387.8k $4.8m $4.8m 0.00% Unchanged
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 359,355359.4k $4.5m $4.5m 0.00% Reduced -73.7k -73,724
58 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 350,794350.8k $4.4m $4.4m 0.01% Added +15.7k +15,711
59 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 350,229350.2k $4.4m $4.4m 0.01% Added +16.7k +16,708
60 Price Jennifer C. 1.30% of their portfolio NEW YORK, NY 327,481327.5k $4.1m $4.1m 1.30% Reduced -91.1k -91,100
61 Texas Yale Capital Corp. 0.21% of their portfolio ST. PETERSBURG, FL 326,975327.0k $4.1m $4.1m 0.21% Added +12.7k +12,675
62 CASTLEARK MANAGEMENT LLC 0.20% of their portfolio CHICAGO, IL 322,359322.4k $4.0m $4.0m 0.20% Unchanged
63 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.86% of their portfolio SYOSSET, NY 310,000310.0k $3.9m $3.9m 0.86% Added +16.0k +16,000
64 GLENMEDE TRUST CO NA 0.02% of their portfolio PHILADELPHIA, PA 291,497291.5k $3.6m $3.6m 0.02% Reduced -2.8k -2,800
65 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 243,223243.2k $3.0m $3.0m 0.00% Reduced -22.3k -22,324
66 Walleye Trading LLC 0.10% of their portfolio NEW YORK, NY 232,154232.2k $2.9m $2.9m 0.10% Reduced -73.0k -72,957
67 WALNUT PRIVATE EQUITY PARTNERS, LLC 2.50% of their portfolio OMAHA, NE 230,000230.0k $2.9m $2.9m 2.50% Added +70.0k +70,000
68 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 225,203225.2k $2.8m $2.8m 0.01% Reduced -77.8k -77,800
69 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 223,017223.0k $2.8m $2.8m 0.00% Reduced -13.4k -13,378
70 U.S. Capital Wealth Advisors, LLC 0.13% of their portfolio AUSTIN, TX 217,556217.6k $2.7m $2.7m 0.13% Added +40.0k +40,049
71 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 212,941212.9k $2.7m $2.7m 0.05% Reduced -20.0k -19,954
72 Crescent Grove Advisors, LLC 0.30% of their portfolio LAKE FOREST, IL 210,234210.2k $2.6m $2.6m 0.30% Added +12.6k +12,566
73 Chicago Partners Investment Group LLC 0.16% of their portfolio CHICAGO, IL 202,152202.2k $2.7m $2.7m 0.16% Reduced -145 -145
74 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 199,964200.0k $2.5m $2.5m 0.03% Reduced -552.5k -552,519
75 Amundi 0.00% of their portfolio Paris, I0 194,305194.3k $2.5m $2.5m 0.00% Unchanged
76 BlackRock Inc. 0.00% of their portfolio New York, NY 193,369193.4k $2.4m $2.4m 0.00% Added +610 +610
77 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 182,411182.4k $2.3m $2.3m 0.00% Reduced -800 -800
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 181,106181.1k $2.3m $2.3m 0.00% Reduced -310 -310
79 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 174,980175.0k $2.2m $2.2m 0.00% Reduced -158.8k -158,752
80 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 165,589165.6k $2.1m $2.1m 0.00% Reduced -15.8k -15,779
81 Moody Aldrich Partners LLC 0.40% of their portfolio MARBLEHEAD, MA 158,390158.4k $2.0m $2.0m 0.40% Unchanged
82 Aviance Capital Partners, LLC 0.43% of their portfolio NAPLES, FL 155,518155.5k $1.9m $1.9m 0.43% Added +2.1k +2,102
83 AJ WEALTH STRATEGIES, LLC 0.10% of their portfolio NEW YORK, NY 150,717150.7k $1.9m $1.9m 0.10% Unchanged
84 ELCO Management Co., LLC 1.34% of their portfolio New York, NY 147,785147.8k $1.8m $1.8m 1.34% Reduced -6.7k -6,740
85 B. Riley Wealth Advisors, Inc. 0.05% of their portfolio MEMPHIS, TN 139,021139.0k $1.7m $1.7m 0.05% Added +54.3k +54,333
86 Morningstar Investment Management LLC 0.25% of their portfolio CHICAGO, IL 136,570136.6k $1.7m $1.7m 0.25% Reduced -90.7k -90,726
87 Americana Partners, LLC 0.26% of their portfolio Houston, TX 130,812130.8k $1.6m $1.6m 0.26% Added +265 +265
88 Icon Wealth Partners, LLC 0.17% of their portfolio HOUSTON, TX 126,214126.2k $1.6m $1.6m 0.17% First filing
89 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 126,116126.1k $1.6m $1.6m 0.00% Reduced -301 -301
90 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 119,622119.6k $1.5m $1.5m 0.03% Reduced -448 -448
91 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 119,360119.4k $1.5m $1.5m 0.00% Reduced -190 -190
92 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 118,708118.7k $1.5m $1.5m 0.02% Added +37.1k +37,146
93 Oxbow Advisors, LLC 0.25% of their portfolio Austin, TX 112,518112.5k $1.4m $1.4m 0.25% Unchanged
94 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 111,000111.0k $1.4m $1.4m 0.02% Added +20.0k +20,000
95 OTA Financial Group L.P. 1.31% of their portfolio PURCHASE, NY 110,127110.1k $1.4m $1.4m 1.31% Added +18.3k +18,338
96 Penn Mutual Asset Management 1.30% of their portfolio Conshohocken, PA 109,500109.5k $1.4m $1.4m 1.30% Unchanged
97 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 104,031104.0k $1.3m $1.3m 0.01% Reduced -1.9k -1,910
98 DIVIDEND ASSETS CAPITAL, LLC 0.26% of their portfolio Ridgeland, SC 102,474102.5k $1.2m $1.2m 0.26% Unchanged
99 FORTEM FINANCIAL GROUP, LLC 0.80% of their portfolio PALM DESERT, CA 98,88098.9k $1.2m $1.2m 0.80% Added +8.4k +8,426
100 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 97,64997.6k $1.2m $1.2m 0.00% Added +11.7k +11,695