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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.37. Options: 13 managers hold calls ($120.3m notional), 12 hold puts ($39.1m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 324 |
| Q4 2022 | 335 |
| Q1 2023 | 331 |
| Q2 2023 | 326 |
| Q3 2023 | 338 |
| Q4 2023 | 349 |
| Q1 2024 | 359 |
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 |
| Q3 2023 | 140 | 108 |
| Q4 2023 | 132 | 131 |
| Q1 2024 | 144 | 124 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $123.5m | $66.7m | 0.54 |
| Q3 2023 | $105.9m | $73.9m | 0.70 |
| Q4 2023 | $117.4m | $69.7m | 0.59 |
| Q1 2024 | $120.3m | $39.1m | 0.32 |
Biggest buyers
| MORGAN STANLEY | Added | +15.5m |
| Invesco Ltd. | Added | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| Allianz Asset Management GmbH | Added | +1.1m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +747.9k |
| ALPS ADVISORS INC | Added | +703.2k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +694.3k |
| Fractal Investments LLC | Added | +562.2k |
| CITIGROUP INC | Added | +533.0k |
Biggest sellers
| Mirae Asset Global Investments Co., Ltd. | Reduced | -1.9m |
| Energy Income Partners, LLC | Reduced | -1.6m |
| Brookfield Corp /ON/ | Reduced | -1.6m |
| ING GROEP NV | Reduced | -1.3m |
| UBS Group AG | Reduced | -857.1k |
| NATIXIS | Sold out | -824.2k |
| HRT FINANCIAL LP | Reduced | -608.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -518.3k |
| Susquehanna Portfolio Strategies, LLC | Reduced | -514.7k |
| CHICKASAW CAPITAL MANAGEMENT LLC | Reduced | -370.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $35.1m2.0m shares |
| CITADEL ADVISORS LLC | Added | $33.8m1.9m shares |
| GROUP ONE TRADING LLC | Reduced | $28.0m1.6m shares |
| JANE STREET GROUP, LLC | Added | $8.1m462.4k shares |
| GTS SECURITIES LLC | Reduced | $4.0m228.2k shares |
| IMC-Chicago, LLC | Added | $3.3m190.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0m168.7k shares |
| Walleye Trading LLC | Reduced | $1.9m110.5k shares |
| PEAK6 Investments LLC | Reduced | $1.6m88.3k shares |
| Crawford Fund Management, LLC | Reduced | $1.0m58.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $10.9m621.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.8m560.5k shares |
| GROUP ONE TRADING LLC | Reduced | $8.2m468.7k shares |
| JANE STREET GROUP, LLC | Added | $2.5m141.8k shares |
| GTS SECURITIES LLC | Reduced | $1.4m81.1k shares |
| IMC-Chicago, LLC | Added | $1.3m76.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.3m74.3k shares |
| PEAK6 Investments LLC | Reduced | $1.2m70.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.1m60.2k shares |
| CenterStar Asset Management, LLC | New | $878.0k50.0k 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 2024
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 2022 | 1 | $2.0m | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $545.3k | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.64% of their portfolio | 61.4m $1.1bn | Added +703.2k |
| Invesco Ltd. 0.12% of their portfolio | 31.4m $552.0m | Added +1.4m |
| MORGAN STANLEY 0.01% of their portfolio | 29.1m $511.3m | Added +15.5m |
| Blackstone Inc. 1.78% of their portfolio | 23.5m $413.3m | Added +318.9k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 19.2m $337.9m | Added +1.3m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 4.61% of their portfolio | 18.8m $330.1m | Added +445.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 14.6m $257.0m | Added +1.3m |
| Mirae Asset Global Investments Co., Ltd. 0.29% of their portfolio | 11.0m $133.4m | Reduced -1.9m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 4.53% of their portfolio | 9.2m $161.2m | Reduced -118.9k |
| UBS Group AG 0.04% of their portfolio | 7.7m $135.2m | Reduced -857.1k |
| Clearbridge Investments, LLC 0.09% of their portfolio | 6.7m $117.2m | Reduced -27.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.0m $87.5m | Reduced -518.3k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 4.3m $76.0m | Added +35.2k |
| Brookfield Corp /ON/ 0.45% of their portfolio | 4.3m $75.7m | Reduced -1.6m |
| CHICKASAW CAPITAL MANAGEMENT LLC 3.46% of their portfolio | 4.1m $72.5m | Reduced -370.3k |
| Fractal Investments LLC 12.20% of their portfolio | 3.8m $67.2m | Added +562.2k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 8.64% of their portfolio | 3.7m $65.5m | Added +19.0k |
| EAGLE GLOBAL ADVISORS LLC 3.59% of their portfolio | 3.6m $63.7m | Reduced -305.8k |
| CIBC Private Wealth Group LLC 0.12% of their portfolio | 3.5m $61.6m | Reduced -27.4k |
| Energy Income Partners, LLC 0.99% of their portfolio | 2.7m $48.2m | Reduced -1.6m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.6m $45.8m | Added +14.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.54% of their portfolio | 2.6m $45.5m | Unchanged |
| MILLER HOWARD INVESTMENTS INC /NY 1.44% of their portfolio | 2.5m $43.9m | Added +99.9k |
| Pathstone Holdings, LLC 0.18% of their portfolio | 2.1m $37.3m | Added +263.8k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 7.49% of their portfolio | 1.9m $33.1m | Unchanged |
| WESTWOOD HOLDINGS GROUP INC 0.25% of their portfolio | 1.8m $32.4m | Reduced -76.3k |
| ING GROEP NV 0.22% of their portfolio | 1.8m $32.2m | Reduced -1.3m |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.8m $32.0m | Added +747.9k |
| CITIGROUP INC 0.03% of their portfolio | 1.8m $31.2m | Added +533.0k |
| Fayez Sarofim & Co 0.09% of their portfolio | 1.7m $29.2m | Added +761 |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $27.1m | Added +53.1k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 1.5m $26.2m | Added +1.1m |
| COHEN & STEERS, INC. 0.05% of their portfolio | 1.4m $24.5m | Added +130.0k |
| NOMURA HOLDINGS INC 0.16% of their portfolio | 1.1m $20.2m | Added +500.0k |
| Bollard Group LLC 0.52% of their portfolio | 975.5k $17.1m | Added +23.1k |
| Mariner, LLC 0.03% of their portfolio | 929.2k $16.3m | Added +3.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 888.1k $15.6m | Added +694.3k |
| Adams Asset Advisors, LLC 1.79% of their portfolio | 787.4k $13.8m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 771.5k $13.5m | Reduced -3.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 704.7k $12.4m | Reduced -368.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 607.6k $10.7m | Added +9.1k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 1.58% of their portfolio | 562.1k $9.9m | Unchanged |
| Sovereign Investment Advisors, LLC 3.20% of their portfolio | 528.9k $9.3m | Unchanged |
| NBW CAPITAL LLC 1.89% of their portfolio | 526.8k $9.3m | Added +5.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 526.4k $9.2m | Added +17.6k |
| EXCHANGE TRADED CONCEPTS, LLC 0.21% of their portfolio | 472.5k $8.3m | Reduced -128.4k |
| Tortoise Index Solutions, LLC 1.67% of their portfolio | 472.5k $8.3m | Reduced -129.9k |
| CWA Asset Management Group, LLC 0.49% of their portfolio | 459.0k $8.1m | Added +8.3k |
| Texas Yale Capital Corp. 0.35% of their portfolio | 450.4k $7.9m | Added +15.9k |
| HighTower Advisors, LLC 0.01% of their portfolio | 429.5k $7.5m | Reduced -10.5k |
| HENNESSY ADVISORS INC 0.31% of their portfolio | 416.4k $7.3m | Added +20.0k |
| Corient Private Wealth LP 0.01% of their portfolio | 416.4k $7.3m | Added +37.5k |
| AMERICAN FINANCIAL GROUP INC 2.72% of their portfolio | 412.5k $7.2m | Unchanged |
| WALNUT PRIVATE EQUITY PARTNERS, LLC 4.47% of their portfolio | 400.0k $7.0m | Added +10.0k |
| Maryland State Retirement & Pension System 0.13% of their portfolio | 389.3k $6.7m | Added +6.2k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 383.8k $6.7m | Reduced -5.1k |
| LPL Financial LLC 0.00% of their portfolio | 364.6k $6.4m | Added +48.6k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.28% of their portfolio | 362.3k $6.4m | Reduced -1.0k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 355.0k $6.2m | Added +5.9k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 313.4k $5.5m | Added +4.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 305.1k $5.4m | Reduced -15.4k |
| CASTLEARK MANAGEMENT LLC 0.22% of their portfolio | 300.6k $5.3m | Unchanged |
| FMR LLC 0.00% of their portfolio | 295.1k $5.2m | Added +40.1k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 288.4k $5.1m | Reduced -147.3k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 263.5k $4.6m | Reduced -27.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.21% of their portfolio | 251.7k $4.4m | New |
| Price Jennifer C. 3.90% of their portfolio | 235.8k $4.1m | Added +224.7k |
| U.S. Capital Wealth Advisors, LLC 0.16% of their portfolio | 234.8k $4.1m | Added +49 |
| Amundi 0.00% of their portfolio | 234.5k $4.1m | Unchanged |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 230.7k $4.1m | Reduced -11.7k |
| Americana Partners, LLC 0.33% of their portfolio | 222.6k $3.9m | Added +40.0k |
| BlackRock Inc. 0.00% of their portfolio | 220.4k $3.9m | Added +5 |
| Chicago Partners Investment Group LLC 0.16% of their portfolio | 208.6k $3.8m | Added +3.1k |
| Susquehanna Portfolio Strategies, LLC 0.08% of their portfolio | 207.8k $3.6m | Reduced -514.7k |
| CAPITAL ADVISORS INC/OK 0.08% of their portfolio | 204.5k $3.6m | Reduced -75.0k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 194.1k $3.4m | Reduced -7.8k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 188.8k $3.3m | Added +14.4k |
| Crescent Grove Advisors, LLC 0.35% of their portfolio | 188.7k $3.3m | Added +38.9k |
| Jump Financial, LLC 0.09% of their portfolio | 187.4k $3.3m | Added +130.5k |
| Forvis Mazars Wealth Advisors, LLC 0.08% of their portfolio | 183.8k $3.2m | New |
| RR Advisors, LLC 0.83% of their portfolio | 178.0k $3.1m | Reduced -291.0k |
| B. Riley Wealth Advisors, Inc. 0.07% of their portfolio | 166.1k $2.5m | Added +22.5k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 164.2k $2.9m | Reduced -5.4k |
| ELCO Management Co., LLC 1.74% of their portfolio | 162.9k $2.9m | Reduced -427 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 159.9k $2.8m | Added +20.0k |
| Cetera Investment Advisers 0.01% of their portfolio | 157.4k $2.8m | New |
| Advisors Asset Management, Inc. 0.05% of their portfolio | 156.1k $2.7m | Reduced -24.8k |
| Aviance Capital Partners, LLC 0.39% of their portfolio | 149.7k $2.6m | Added +4.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 148.5k $2.6m | New |
| Intrua Financial, LLC 0.40% of their portfolio | 147.1k $2.6m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 137.0k $2.4m | Reduced -6.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 135.7k $2.4m | Reduced -160.9k |
| Morningstar Investment Management LLC 0.26% of their portfolio | 134.1k $2.4m | Unchanged |
| Moody Aldrich Partners LLC 0.39% of their portfolio | 132.2k $2.3m | Reduced -26.2k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.20% of their portfolio | 131.9k $2.3m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 125.5k $2.2m | Added +5.5k |
| US BANCORP \DE\ 0.00% of their portfolio | 120.1k $2.1m | Reduced -214 |
| Oxbow Advisors, LLC 0.28% of their portfolio | 115.9k $2.0m | Added +5.1k |
| GraniteShares Advisors LLC 1.06% of their portfolio | 114.6k $2.0m | Added +54.6k |
| Icon Wealth Advisors, LLC 0.18% of their portfolio | 112.6k $2.0m | Unchanged |