Vault-13

PLAINS ALL AMERN PIPELINE L PAA

UNIT LTD PARTN · MLP · CUSIP 726503105

Midstream oil and gas company

326 institutional holders -5 vs Q1 2023
291,632,319291.6m shares reported held*
$4.1bnreported value*
23 new 89 added 98 reduced 25 sold out net sold ≈ $81.8m (-5.8m 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 ($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

0200400Q3 22: 324Q4 22: 335Q1 23: 331Q2 23: 326326Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022324
Q4 2022335
Q1 2023331
Q2 2023326

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 23Q2 23: 112 bought or addedQ2 23: 123 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022125122
Q1 2023147110
Q2 2023112123

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 0.59Q2 23 calls: $123.5mQ2 23 puts: $66.7mQ2 23P/C 0.54
Numbers
QuarterCallsPutsP/C
Q3 2022$102.0m$83.2m0.82
Q4 2022$124.0m$91.2m0.74
Q1 2023$99.7m$58.7m0.59
Q2 2023$123.5m$66.7m0.54

Biggest buyers

Blackstone Inc. Added +6,126,986+6.1m
BANK OF AMERICA CORP /DE/ Added +1,827,779+1.8m
TORTOISE CAPITAL ADVISORS, L.L.C. Added +1,035,971+1.0m
CITADEL ADVISORS LLC New +909,977+910.0k
Invesco Ltd. Added +888,139+888.1k
DEUTSCHE BANK AG\ Added +849,030+849.0k
Simplify Asset Management Inc. New +650,000+650.0k
EXCHANGE TRADED CONCEPTS, LLC Added +421,471+421.5k
NATIXIS Added +261,200+261.2k
HRT FINANCIAL LP New +235,462+235.5k

Biggest sellers

ALPS ADVISORS INC Reduced -4,213,528-4.2m
BARCLAYS PLC Reduced -1,739,512-1.7m
MORGAN STANLEY Reduced -1,698,338-1.7m
Brookfield Corp /ON/ Reduced -1,632,353-1.6m
CIBC Private Wealth Group LLC Reduced -1,518,424-1.5m
ING GROEP NV Reduced -1,399,200-1.4m
Strategic Income Management, LLC Sold out -1,028,132-1.0m
FMR LLC Reduced -888,432-888.4k
WESTWOOD HOLDINGS GROUP INC Reduced -869,771-869.8k
GOLDMAN SACHS GROUP INC Reduced -695,402-695.4k

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.

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 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)

BuyingSelling
101Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 1 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20221$2.0m0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALPS ADVISORS INC 7.18% of their portfolio Denver, CO 58,624,82058.6m $826.6m $826.6m 7.18% Reduced -4.2m -4,213,528
2 Invesco Ltd. 0.11% of their portfolio ATLANTA, GA 29,931,10429.9m $422.0m $422.0m 0.11% Added +888.1k +888,139
3 TORTOISE CAPITAL ADVISORS, L.L.C. 4.49% of their portfolio OVERLAND PARK, KS 20,878,31920.9m $294.4m $294.4m 4.49% Added +1.0m +1,035,971
4 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 19,437,34519.4m $274.1m $274.1m 0.07% Reduced -695.4k -695,402
5 Mirae Asset Global Investments Co., Ltd. 0.32% of their portfolio SEOUL, M5 10,575,55310.6m $149.1m $149.1m 0.32% Reduced -402.3k -402,296
6 Blackstone Inc. 0.64% of their portfolio NEW YORK, NY 10,479,53710.5m $147.8m $147.8m 0.64% Added +6.1m +6,126,986
7 KAYNE ANDERSON CAPITAL ADVISORS LP 4.25% of their portfolio LOS ANGELES, CA 9,984,05010.0m $140.8m $140.8m 4.25% Unchanged
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 9,101,8049.1m $128.3m $128.3m 0.01% Reduced -1.7m -1,698,338
9 CIBC Private Wealth Group LLC 0.13% of their portfolio ATLANTA, GA 8,698,0488.7m $122.6m $122.6m 0.13% Reduced -1.5m -1,518,424
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,537,8917.5m $106.3m $106.3m 0.01% Reduced -609.2k -609,247
11 Clearbridge Investments, LLC 0.09% of their portfolio NEW YORK, NY 6,978,3337.0m $98.4m $98.4m 0.09% Reduced -50.3k -50,320
12 UBS Group AG 0.04% of their portfolio ZURICH, V8 6,919,5166.9m $97.6m $97.6m 0.04% Reduced -15.9k -15,882
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,380,1635.4m $75.9m $75.9m 0.01% Added +1.8m +1,827,779
14 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 4,990,9805.0m $70.4m $70.4m 0.04% Added +849.0k +849,030
15 CHICKASAW CAPITAL MANAGEMENT LLC 3.86% of their portfolio MEMPHIS, TN 4,949,4734.9m $69.8m $69.8m 3.86% Reduced -432.8k -432,788
16 Energy Income Partners, LLC 1.29% of their portfolio Westport, CT 4,303,0264.3m $60.7m $60.7m 1.29% Reduced -27.0k -27,000
17 INFRASTRUCTURE CAPITAL ADVISORS, LLC 8.53% of their portfolio New York, NY 4,111,4884.1m $58.0m $58.0m 8.53% Added +231.3k +231,342
18 EAGLE GLOBAL ADVISORS LLC 3.65% of their portfolio Houston, TX 3,924,3473.9m $55.3m $55.3m 3.65% Added +50.3k +50,315
19 PATHSTONE FAMILY OFFICE, LLC 0.76% of their portfolio ENGLEWOOD, NJ 3,778,0283.8m $53.3m $53.3m 0.76% Reduced -650.0k -650,000
20 NATIXIS 0.40% of their portfolio PARIS, I0 3,365,7003.4m $47.5m $47.5m 0.40% Added +261.2k +261,200
21 Fractal Investments LLC 10.25% of their portfolio Glastonbury, CT 3,263,4583.3m $46.0m $46.0m 10.25% Added +49.2k +49,200
22 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.52% of their portfolio CHICAGO, IL 3,039,9003.0m $42.9m $42.9m 0.52% Unchanged
23 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 2,950,4383.0m $41.6m $41.6m 0.08% Reduced -89.6k -89,621
24 Brookfield Corp /ON/ 0.15% of their portfolio TORONTO, A6 2,737,6462.7m $38.6m $38.6m 0.15% Reduced -1.6m -1,632,353
25 ING GROEP NV 0.29% of their portfolio AMSTERDAM, P7 2,711,6002.7m $38.2m $38.2m 0.29% Reduced -1.4m -1,399,200
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,477,0842.5m $34.9m $34.9m 0.01% Reduced -36.2k -36,163
27 MILLER HOWARD INVESTMENTS INC /NY 1.23% of their portfolio KINGSTON, NY 2,455,2782.5m $34.6m $34.6m 1.23% Reduced -28.7k -28,723
28 WESTWOOD HOLDINGS GROUP INC 0.31% of their portfolio DALLAS, TX 2,444,0712.4m $34.5m $34.5m 0.31% Reduced -869.8k -869,771
29 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 7.36% of their portfolio BOSTON, MA 2,274,1542.3m $32.1m $32.1m 7.36% Unchanged
30 COHEN & STEERS, INC. 0.06% of their portfolio NEW YORK, NY 2,124,3232.1m $30.0m $30.0m 0.06% Reduced -10.7k -10,679
31 Fayez Sarofim & Co 0.08% of their portfolio Houston, TX 1,653,5951.7m $23.3m $23.3m 0.08% Added +808 +808
32 HENNESSY ADVISORS INC 1.53% of their portfolio NOVATO, CA 1,500,8361.5m $21.2m $21.2m 1.53% Added +67.4k +67,400
33 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 1,499,3161.5m $21.1m $21.1m 0.01% Reduced -1.7m -1,739,512
34 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 1,192,6441.2m $16.8m $16.8m 0.02% Added +82.0k +82,008
35 Bollard Group LLC 0.45% of their portfolio BOSTON, MA 933,693933.7k $13.2m $13.2m 0.45% Added +15.6k +15,622
36 Mariner, LLC 0.03% of their portfolio Overland Park, KS 923,750923.8k $13.0m $13.0m 0.03% Reduced -3.3k -3,308
37 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 909,977910.0k $12.8m $12.8m 0.01% New
38 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 767,976768.0k $10.8m $10.8m 0.00% Added +9.9k +9,908
39 Adams Asset Advisors, LLC 1.54% of their portfolio DALLAS, TX 746,648746.6k $10.5m $10.5m 1.54% Unchanged
40 Simplify Asset Management Inc. 1.66% of their portfolio Las Vegas, NV 650,000650.0k $9.2m $9.2m 1.66% New
41 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 576,803576.8k $8.1m $8.1m 0.00% Added +2.3k +2,287
42 Sovereign Investment Advisors, LLC 2.82% of their portfolio PHOENIX, AZ 528,931528.9k $7.5m $7.5m 2.82% Unchanged
43 NBW CAPITAL LLC 1.73% of their portfolio BOSTON, MA 527,207527.2k $7.4m $7.4m 1.73% Reduced -92.9k -92,937
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 525,650525.6k $7.4m $7.4m 0.01% Reduced -495.5k -495,490
45 RR Advisors, LLC 1.28% of their portfolio DALLAS, TX 497,000497.0k $7.0m $7.0m 1.28% Reduced -31.0k -31,000
46 Maryland State Retirement & Pension System 0.14% of their portfolio BALTIMORE, MD 472,082472.1k $6.7m $6.7m 0.14% Added +14.3k +14,262
47 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 1.05% of their portfolio Fort Collins, CO 457,713457.7k $6.5m $6.5m 1.05% Unchanged
48 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 428,905428.9k $6.0m $6.0m 0.01% Added +5.2k +5,238
49 CWA Asset Management Group, LLC 0.41% of their portfolio NAPLES, FL 427,670427.7k $6.0m $6.0m 0.41% Added +16.4k +16,420
50 EXCHANGE TRADED CONCEPTS, LLC 0.15% of their portfolio Oklahoma City, OK 422,185422.2k $6.0m $6.0m 0.15% Added +421.5k +421,471
51 Tortoise Index Solutions, LLC 1.21% of their portfolio OVERLAND PARK, KS 420,734420.7k $5.9m $5.9m 1.21% Reduced -47.3k -47,281
52 AMERICAN FINANCIAL GROUP INC 1.80% of their portfolio CINCINNATI, OH 412,500412.5k $5.8m $5.8m 1.80% Unchanged
53 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.21% of their portfolio BALA CYNWYD, PA 411,284411.3k $5.8m $5.8m 0.21% Unchanged
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 389,560389.6k $5.5m $5.5m 0.00% Added +30.2k +30,205
55 JENNISON ASSOCIATES LLC 0.00% of their portfolio NEW YORK, NY 385,282385.3k $5.4m $5.4m 0.00% Reduced -2.5k -2,514
56 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 377,404377.4k $5.3m $5.3m 0.01% Added +27.2k +27,175
57 WALNUT PRIVATE EQUITY PARTNERS, LLC 4.09% of their portfolio OMAHA, NE 352,132352.1k $5.0m $5.0m 4.09% Added +122.1k +122,132
58 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 343,234343.2k $4.8m $4.8m 0.01% Reduced -7.6k -7,560
59 CASTLEARK MANAGEMENT LLC 0.22% of their portfolio CHICAGO, IL 341,009341.0k $4.8m $4.8m 0.22% Added +18.6k +18,650
60 FMR LLC 0.00% of their portfolio BOSTON, MA 334,448334.4k $4.7m $4.7m 0.00% Reduced -888.4k -888,432
61 Texas Yale Capital Corp. 0.22% of their portfolio ST. PETERSBURG, FL 327,520327.5k $4.6m $4.6m 0.22% Added +545 +545
62 SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.02% of their portfolio SYOSSET, NY 322,300322.3k $4.5m $4.5m 1.02% Added +12.3k +12,300
63 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 312,438312.4k $4.4m $4.4m 0.00% Reduced -114.0k -114,000
64 GLENMEDE TRUST CO NA 0.02% of their portfolio PHILADELPHIA, PA 291,497291.5k $3.6m $3.6m 0.02% Unchanged
65 Crescent Grove Advisors, LLC 0.43% of their portfolio LAKE FOREST, IL 283,212283.2k $4.0m $4.0m 0.43% Added +73.0k +72,978
66 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 243,986244.0k $3.4m $3.4m 0.01% Added +18.8k +18,783
67 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 235,462235.5k $3.3m $3.3m 0.03% New
68 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 233,342233.3k $3.3m $3.3m 0.00% Added +10.3k +10,325
69 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 222,322222.3k $3.1m $3.1m 0.12% New
70 U.S. Capital Wealth Advisors, LLC 0.15% of their portfolio AUSTIN, TX 221,306221.3k $3.1m $3.1m 0.15% Added +3.8k +3,750
71 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 217,382217.4k $3.1m $3.1m 0.06% Added +4.4k +4,441
72 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 207,690207.7k $2.9m $2.9m 0.00% Reduced -35.5k -35,533
73 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 206,002206.0k $2.9m $2.9m 0.01% Added +160.6k +160,627
74 Chicago Partners Investment Group LLC 0.15% of their portfolio CHICAGO, IL 203,875203.9k $3.0m $3.0m 0.15% Added +1.7k +1,723
75 Amundi 0.00% of their portfolio Paris, I0 194,305194.3k $2.8m $2.8m 0.00% Unchanged
76 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 190,715190.7k $2.7m $2.7m 0.02% Reduced -9.2k -9,249
77 BlackRock Inc. 0.00% of their portfolio New York, NY 189,669189.7k $2.7m $2.7m 0.00% Reduced -3.7k -3,700
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 184,106184.1k $2.6m $2.6m 0.00% Added +3.0k +3,000
79 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 184,011184.0k $2.6m $2.6m 0.00% Added +1.6k +1,600
80 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 158,826158.8k $2.2m $2.2m 0.01% First filing
81 Moody Aldrich Partners LLC 0.43% of their portfolio MARBLEHEAD, MA 158,390158.4k $2.2m $2.2m 0.43% Unchanged
82 ELCO Management Co., LLC 1.61% of their portfolio New York, NY 157,730157.7k $2.2m $2.2m 1.61% Added +9.9k +9,945
83 Aviance Capital Partners, LLC 0.46% of their portfolio NAPLES, FL 155,489155.5k $2.2m $2.2m 0.46% Reduced -29 -29
84 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 152,749152.7k $2.2m $2.2m 0.00% Reduced -12.8k -12,840
85 AJ WEALTH STRATEGIES, LLC 0.10% of their portfolio NEW YORK, NY 150,717150.7k $2.1m $2.1m 0.10% Unchanged
86 Intrua Financial, LLC 0.37% of their portfolio Houston, TX 147,123147.1k $2.1m $2.1m 0.37% New
87 B. Riley Wealth Advisors, Inc. 0.05% of their portfolio MEMPHIS, TN 145,719145.7k $2.1m $2.1m 0.05% Added +6.7k +6,698
88 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.19% of their portfolio DALLAS, TX 138,730138.7k $2.0m $2.0m 0.19% Reduced -309.2k -309,170
89 Morningstar Investment Management LLC 0.25% of their portfolio CHICAGO, IL 133,934133.9k $1.9m $1.9m 0.25% Reduced -2.6k -2,636
90 Americana Partners, LLC 0.23% of their portfolio Houston, TX 129,453129.5k $1.8m $1.8m 0.23% Reduced -1.4k -1,359
91 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 127,118127.1k $1.8m $1.8m 0.00% Added +1.0k +1,002
92 Icon Wealth Partners, LLC 0.19% of their portfolio HOUSTON, TX 124,665124.7k $1.8m $1.8m 0.19% Reduced -1.5k -1,549
93 Walleye Trading LLC 0.09% of their portfolio NEW YORK, NY 121,339121.3k $1.7m $1.7m 0.09% Reduced -110.8k -110,815
94 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 119,170119.2k $1.7m $1.7m 0.00% Reduced -190 -190
95 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 118,269118.3k $1.7m $1.7m 0.00% Added +25.9k +25,888
96 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 117,750117.8k $1.7m $1.7m 0.00% Reduced -57.2k -57,230
97 Oxbow Advisors, LLC 0.25% of their portfolio Austin, TX 112,518112.5k $1.6m $1.6m 0.25% Unchanged
98 Penn Mutual Asset Management 1.39% of their portfolio Conshohocken, PA 109,500109.5k $1.5m $1.5m 1.39% Unchanged
99 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 107,446107.4k $1.5m $1.5m 0.03% Reduced -12.2k -12,176
100 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 101,000101.0k $1.4m $1.4m 0.02% Reduced -10.0k -10,000