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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.10. Options: 12 managers hold calls ($123.5m notional), 11 hold puts ($66.7m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 324 |
| Q4 2022 | 335 |
| Q1 2023 | 331 |
| Q2 2023 | 326 |
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 |
| Q2 2023 | 112 | 123 |
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 |
| Q2 2023 | $123.5m | $66.7m | 0.54 |
Biggest buyers
| Blackstone Inc. | Added | +6.1m |
| BANK OF AMERICA CORP /DE/ | Added | +1.8m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +1.0m |
| CITADEL ADVISORS LLC | New | +910.0k |
| Invesco Ltd. | Added | +888.1k |
| DEUTSCHE BANK AG\ | Added | +849.0k |
| Simplify Asset Management Inc. | New | +650.0k |
| EXCHANGE TRADED CONCEPTS, LLC | Added | +421.5k |
| NATIXIS | Added | +261.2k |
| HRT FINANCIAL LP | New | +235.5k |
Biggest sellers
| ALPS ADVISORS INC | Reduced | -4.2m |
| BARCLAYS PLC | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.7m |
| Brookfield Corp /ON/ | Reduced | -1.6m |
| CIBC Private Wealth Group LLC | Reduced | -1.5m |
| ING GROEP NV | Reduced | -1.4m |
| Strategic Income Management, LLC | Sold out | -1.0m |
| FMR LLC | Reduced | -888.4k |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -869.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -695.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $49.7m3.5m shares |
| GROUP ONE TRADING LLC | Added | $31.4m2.2m shares |
| CITADEL ADVISORS LLC | Reduced | $13.2m935.5k shares |
| JANE STREET GROUP, LLC | Added | $10.3m727.3k shares |
| SIMPLEX TRADING, LLC | Added | $7.4m526.8k shares |
| WOLVERINE TRADING, LLC | Added | $6.1m435.5k shares |
| Walleye Trading LLC | Added | $3.6m258.8k shares |
| PEAK6 Investments LLC | Reduced | $1.6m116.9k shares |
| Venture Visionary Partners LLC | New | $119.8k8.5k shares |
| Cutler Group LLC / CA | Reduced | $38.0k24.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $42.5m3.0m shares |
| CITADEL ADVISORS LLC | Reduced | $8.8m625.6k shares |
| Walleye Trading LLC | Added | $5.6m400.4k shares |
| GROUP ONE TRADING LLC | Reduced | $5.1m358.4k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m97.4k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m94.9k shares |
| PEAK6 Investments LLC | Added | $960.2k68.1k shares |
| WOLVERINE TRADING, LLC | Added | $941.7k67.6k shares |
| HAP Trading, LLC | Reduced | $5.5k13.9k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.18% of their portfolio | 58.6m $826.6m | Reduced -4.2m |
| Invesco Ltd. 0.11% of their portfolio | 29.9m $422.0m | Added +888.1k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 4.49% of their portfolio | 20.9m $294.4m | Added +1.0m |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 19.4m $274.1m | Reduced -695.4k |
| Mirae Asset Global Investments Co., Ltd. 0.32% of their portfolio | 10.6m $149.1m | Reduced -402.3k |
| Blackstone Inc. 0.64% of their portfolio | 10.5m $147.8m | Added +6.1m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 4.25% of their portfolio | 10.0m $140.8m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 9.1m $128.3m | Reduced -1.7m |
| CIBC Private Wealth Group LLC 0.13% of their portfolio | 8.7m $122.6m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.5m $106.3m | Reduced -609.2k |
| Clearbridge Investments, LLC 0.09% of their portfolio | 7.0m $98.4m | Reduced -50.3k |
| UBS Group AG 0.04% of their portfolio | 6.9m $97.6m | Reduced -15.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.4m $75.9m | Added +1.8m |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 5.0m $70.4m | Added +849.0k |
| CHICKASAW CAPITAL MANAGEMENT LLC 3.86% of their portfolio | 4.9m $69.8m | Reduced -432.8k |
| Energy Income Partners, LLC 1.29% of their portfolio | 4.3m $60.7m | Reduced -27.0k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 8.53% of their portfolio | 4.1m $58.0m | Added +231.3k |
| EAGLE GLOBAL ADVISORS LLC 3.65% of their portfolio | 3.9m $55.3m | Added +50.3k |
| PATHSTONE FAMILY OFFICE, LLC 0.76% of their portfolio | 3.8m $53.3m | Reduced -650.0k |
| NATIXIS 0.40% of their portfolio | 3.4m $47.5m | Added +261.2k |
| Fractal Investments LLC 10.25% of their portfolio | 3.3m $46.0m | Added +49.2k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.52% of their portfolio | 3.0m $42.9m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 3.0m $41.6m | Reduced -89.6k |
| Brookfield Corp /ON/ 0.15% of their portfolio | 2.7m $38.6m | Reduced -1.6m |
| ING GROEP NV 0.29% of their portfolio | 2.7m $38.2m | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.5m $34.9m | Reduced -36.2k |
| MILLER HOWARD INVESTMENTS INC /NY 1.23% of their portfolio | 2.5m $34.6m | Reduced -28.7k |
| WESTWOOD HOLDINGS GROUP INC 0.31% of their portfolio | 2.4m $34.5m | Reduced -869.8k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 7.36% of their portfolio | 2.3m $32.1m | Unchanged |
| COHEN & STEERS, INC. 0.06% of their portfolio | 2.1m $30.0m | Reduced -10.7k |
| Fayez Sarofim & Co 0.08% of their portfolio | 1.7m $23.3m | Added +808 |
| HENNESSY ADVISORS INC 1.53% of their portfolio | 1.5m $21.2m | Added +67.4k |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $21.1m | Reduced -1.7m |
| CITIGROUP INC 0.02% of their portfolio | 1.2m $16.8m | Added +82.0k |
| Bollard Group LLC 0.45% of their portfolio | 933.7k $13.2m | Added +15.6k |
| Mariner, LLC 0.03% of their portfolio | 923.8k $13.0m | Reduced -3.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 910.0k $12.8m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 768.0k $10.8m | Added +9.9k |
| Adams Asset Advisors, LLC 1.54% of their portfolio | 746.6k $10.5m | Unchanged |
| Simplify Asset Management Inc. 1.66% of their portfolio | 650.0k $9.2m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 576.8k $8.1m | Added +2.3k |
| Sovereign Investment Advisors, LLC 2.82% of their portfolio | 528.9k $7.5m | Unchanged |
| NBW CAPITAL LLC 1.73% of their portfolio | 527.2k $7.4m | Reduced -92.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 525.6k $7.4m | Reduced -495.5k |
| RR Advisors, LLC 1.28% of their portfolio | 497.0k $7.0m | Reduced -31.0k |
| Maryland State Retirement & Pension System 0.14% of their portfolio | 472.1k $6.7m | Added +14.3k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 1.05% of their portfolio | 457.7k $6.5m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 428.9k $6.0m | Added +5.2k |
| CWA Asset Management Group, LLC 0.41% of their portfolio | 427.7k $6.0m | Added +16.4k |
| EXCHANGE TRADED CONCEPTS, LLC 0.15% of their portfolio | 422.2k $6.0m | Added +421.5k |
| Tortoise Index Solutions, LLC 1.21% of their portfolio | 420.7k $5.9m | Reduced -47.3k |
| AMERICAN FINANCIAL GROUP INC 1.80% of their portfolio | 412.5k $5.8m | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.21% of their portfolio | 411.3k $5.8m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 389.6k $5.5m | Added +30.2k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 385.3k $5.4m | Reduced -2.5k |
| Corient Private Wealth LP 0.01% of their portfolio | 377.4k $5.3m | Added +27.2k |
| WALNUT PRIVATE EQUITY PARTNERS, LLC 4.09% of their portfolio | 352.1k $5.0m | Added +122.1k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 343.2k $4.8m | Reduced -7.6k |
| CASTLEARK MANAGEMENT LLC 0.22% of their portfolio | 341.0k $4.8m | Added +18.6k |
| FMR LLC 0.00% of their portfolio | 334.4k $4.7m | Reduced -888.4k |
| Texas Yale Capital Corp. 0.22% of their portfolio | 327.5k $4.6m | Added +545 |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.02% of their portfolio | 322.3k $4.5m | Added +12.3k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 312.4k $4.4m | Reduced -114.0k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 291.5k $3.6m | Unchanged |
| Crescent Grove Advisors, LLC 0.43% of their portfolio | 283.2k $4.0m | Added +73.0k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 244.0k $3.4m | Added +18.8k |
| HRT FINANCIAL LP 0.03% of their portfolio | 235.5k $3.3m | New |
| LPL Financial LLC 0.00% of their portfolio | 233.3k $3.3m | Added +10.3k |
| Jump Financial, LLC 0.12% of their portfolio | 222.3k $3.1m | New |
| U.S. Capital Wealth Advisors, LLC 0.15% of their portfolio | 221.3k $3.1m | Added +3.8k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 217.4k $3.1m | Added +4.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 207.7k $2.9m | Reduced -35.5k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 206.0k $2.9m | Added +160.6k |
| Chicago Partners Investment Group LLC 0.15% of their portfolio | 203.9k $3.0m | Added +1.7k |
| Amundi 0.00% of their portfolio | 194.3k $2.8m | Unchanged |
| SG Americas Securities, LLC 0.02% of their portfolio | 190.7k $2.7m | Reduced -9.2k |
| BlackRock Inc. 0.00% of their portfolio | 189.7k $2.7m | Reduced -3.7k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 184.1k $2.6m | Added +3.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 184.0k $2.6m | Added +1.6k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 158.8k $2.2m | First filing |
| Moody Aldrich Partners LLC 0.43% of their portfolio | 158.4k $2.2m | Unchanged |
| ELCO Management Co., LLC 1.61% of their portfolio | 157.7k $2.2m | Added +9.9k |
| Aviance Capital Partners, LLC 0.46% of their portfolio | 155.5k $2.2m | Reduced -29 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 152.7k $2.2m | Reduced -12.8k |
| AJ WEALTH STRATEGIES, LLC 0.10% of their portfolio | 150.7k $2.1m | Unchanged |
| Intrua Financial, LLC 0.37% of their portfolio | 147.1k $2.1m | New |
| B. Riley Wealth Advisors, Inc. 0.05% of their portfolio | 145.7k $2.1m | Added +6.7k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.19% of their portfolio | 138.7k $2.0m | Reduced -309.2k |
| Morningstar Investment Management LLC 0.25% of their portfolio | 133.9k $1.9m | Reduced -2.6k |
| Americana Partners, LLC 0.23% of their portfolio | 129.5k $1.8m | Reduced -1.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 127.1k $1.8m | Added +1.0k |
| Icon Wealth Partners, LLC 0.19% of their portfolio | 124.7k $1.8m | Reduced -1.5k |
| Walleye Trading LLC 0.09% of their portfolio | 121.3k $1.7m | Reduced -110.8k |
| US BANCORP \DE\ 0.00% of their portfolio | 119.2k $1.7m | Reduced -190 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 118.3k $1.7m | Added +25.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 117.8k $1.7m | Reduced -57.2k |
| Oxbow Advisors, LLC 0.25% of their portfolio | 112.5k $1.6m | Unchanged |
| Penn Mutual Asset Management 1.39% of their portfolio | 109.5k $1.5m | Unchanged |
| STEPHENS INC /AR/ 0.03% of their portfolio | 107.4k $1.5m | Reduced -12.2k |
| Wealthspire Advisors, LLC 0.02% of their portfolio | 101.0k $1.4m | Reduced -10.0k |