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 ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.86. Options: 14 managers hold calls ($121.1m notional), 12 hold puts ($47.1m).
Trends to Q2 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 |
| Q2 2024 | 357 |
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 |
| Q2 2024 | 137 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $105.9m | $73.9m | 0.70 |
| Q4 2023 | $117.4m | $69.7m | 0.59 |
| Q1 2024 | $120.3m | $39.1m | 0.32 |
| Q2 2024 | $121.1m | $47.1m | 0.39 |
Biggest buyers
| Blackstone Inc. | Added | +6.1m |
| ALPS ADVISORS INC | Added | +2.2m |
| NATIXIS | New | +1.7m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.0m |
| UBS Group AG | Added | +593.8k |
| CITIGROUP INC | Added | +527.4k |
| Brookfield Corp /ON/ | Added | +451.1k |
| BARCLAYS PLC | Added | +431.3k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +397.2k |
| HRT FINANCIAL LP | Added | +235.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -19.0m |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -11.0m |
| JPMORGAN CHASE & CO | Reduced | -5.5m |
| Invesco Ltd. | Reduced | -4.2m |
| Clearbridge Investments, LLC | Reduced | -3.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.5m |
| Energy Income Partners, LLC | Reduced | -1.5m |
| ING GROEP NV | Reduced | -808.0k |
| CITADEL ADVISORS LLC | Sold out | -704.7k |
| NOMURA HOLDINGS INC | Reduced | -650.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $36.4m2.0m shares |
| GROUP ONE TRADING LLC | Added | $35.8m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.1m1.4m shares |
| SIMPLEX TRADING, LLC | Added | $7.3m410.1k shares |
| IMC-Chicago, LLC | Added | $5.7m316.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.9m218.6k shares |
| GTS SECURITIES LLC | Reduced | $2.7m150.8k shares |
| WOLVERINE TRADING, LLC | Added | $2.3m129.8k shares |
| Crawford Fund Management, LLC | Unchanged | $1.0m58.0k shares |
| PEAK6 Investments LLC | Reduced | $800.1k44.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $16.3m910.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.5m700.9k shares |
| GROUP ONE TRADING LLC | Added | $8.6m482.5k shares |
| GTS SECURITIES LLC | Added | $2.3m128.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.3m126.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m98.9k shares |
| IMC-Chicago, LLC | Added | $1.7m94.1k shares |
| WOLVERINE TRADING, LLC | Added | $1.2m67.9k shares |
| PEAK6 Investments LLC | Reduced | $259.0k14.5k shares |
| Walleye Trading LLC | Reduced | $255.4k14.3k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.81% of their portfolio | 63.7m $1.1bn | Added +2.2m |
| Blackstone Inc. 2.35% of their portfolio | 29.6m $529.3m | Added +6.1m |
| Invesco Ltd. 0.10% of their portfolio | 27.3m $487.1m | Reduced -4.2m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 4.45% of their portfolio | 18.9m $336.7m | Added +57.3k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 17.8m $317.1m | Reduced -1.5m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.54% of their portfolio | 12.8m $227.9m | First filing |
| MORGAN STANLEY 0.01% of their portfolio | 10.1m $181.0m | Reduced -19.0m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.1m $162.3m | Reduced -5.5m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 4.10% of their portfolio | 8.5m $152.6m | Reduced -636.9k |
| UBS Group AG 0.05% of their portfolio | 8.3m $148.1m | Added +593.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.8m $85.4m | Reduced -199.9k |
| Brookfield Corp /ON/ 0.53% of their portfolio | 4.8m $85.0m | Added +451.1k |
| CHICKASAW CAPITAL MANAGEMENT LLC 3.25% of their portfolio | 4.1m $73.2m | Reduced -33.5k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 9.85% of their portfolio | 4.0m $70.8m | Added +234.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 3.9m $70.2m | Reduced -394.0k |
| Fractal Investments LLC 11.89% of their portfolio | 3.8m $68.3m | Unchanged |
| EAGLE GLOBAL ADVISORS LLC 3.53% of their portfolio | 3.7m $66.9m | Added +121.3k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 3.5m $63.2m | Reduced -3.1m |
| CIBC Private Wealth Group LLC 0.12% of their portfolio | 3.5m $64.5m | Added +2.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.6m $46.3m | Reduced -15.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.58% of their portfolio | 2.5m $45.5m | Reduced -40.0k |
| MILLER HOWARD INVESTMENTS INC /NY 1.51% of their portfolio | 2.5m $45.5m | Added +48.8k |
| CITIGROUP INC 0.04% of their portfolio | 2.3m $41.1m | Added +527.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 2.2m $39.7m | Added +397.2k |
| Pathstone Holdings, LLC 0.17% of their portfolio | 2.1m $38.2m | Added +15.5k |
| BARCLAYS PLC 0.02% of their portfolio | 2.0m $35.3m | Added +431.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.10% of their portfolio | 1.9m $34.1m | Added +1.0m |
| WESTWOOD HOLDINGS GROUP INC 0.15% of their portfolio | 1.8m $32.7m | Reduced -12.5k |
| NATIXIS 0.20% of their portfolio | 1.7m $31.0m | New |
| Fayez Sarofim & Co 0.08% of their portfolio | 1.7m $29.6m | Reduced -761 |
| COHEN & STEERS, INC. 0.06% of their portfolio | 1.6m $28.7m | Added +214.9k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 6.66% of their portfolio | 1.5m $26.5m | Reduced -400.6k |
| Energy Income Partners, LLC 0.51% of their portfolio | 1.3m $22.9m | Reduced -1.5m |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.2m $21.5m | Reduced -285.9k |
| ING GROEP NV 0.11% of their portfolio | 1.0m $18.3m | Reduced -808.0k |
| Bollard Group LLC 0.50% of their portfolio | 999.9k $17.9m | Added +24.4k |
| Mariner, LLC 0.03% of their portfolio | 996.9k $17.8m | Added +67.8k |
| Adams Asset Advisors, LLC 1.78% of their portfolio | 762.9k $13.6m | Reduced -24.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 756.2k $13.5m | Reduced -15.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 593.8k $10.6m | Reduced -13.9k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 1.56% of their portfolio | 568.3k $10.1m | Added +6.2k |
| EXCHANGE TRADED CONCEPTS, LLC 0.25% of their portfolio | 538.4k $9.6m | Added +65.9k |
| Sovereign Investment Advisors, LLC 2.99% of their portfolio | 528.9k $8.0m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 525.5k $9.4m | Reduced -883 |
| NBW CAPITAL LLC 1.81% of their portfolio | 513.8k $9.2m | Reduced -13.0k |
| NOMURA HOLDINGS INC 0.06% of their portfolio | 500.0k $8.9m | Reduced -650.0k |
| Texas Yale Capital Corp. 0.42% of their portfolio | 492.4k $8.8m | Added +41.9k |
| LPL Financial LLC 0.00% of their portfolio | 425.9k $7.6m | Added +61.3k |
| HighTower Advisors, LLC 0.01% of their portfolio | 423.1k $7.6m | Reduced -6.4k |
| HENNESSY ADVISORS INC 0.28% of their portfolio | 420.6k $7.5m | Added +4.2k |
| AMERICAN FINANCIAL GROUP INC 3.16% of their portfolio | 412.5k $7.4m | Unchanged |
| WALNUT PRIVATE EQUITY PARTNERS, LLC 4.65% of their portfolio | 410.0k $7.3m | Added +10.0k |
| Corient Private Wealth LP 0.01% of their portfolio | 407.2k $7.3m | Reduced -9.2k |
| Maryland State Retirement & Pension System 0.13% of their portfolio | 386.6k $6.9m | Reduced -2.7k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 374.7k $6.7m | Reduced -9.1k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 366.9k $6.6m | Added +11.9k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.31% of their portfolio | 362.3k $6.5m | Unchanged |
| HRT FINANCIAL LP 0.03% of their portfolio | 315.0k $5.6m | Added +235.3k |
| FMR LLC 0.00% of their portfolio | 314.1k $5.6m | Added +18.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 312.6k $5.6m | Added +7.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 293.6k $5.2m | Reduced -19.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 280.7k $5.0m | Reduced -7.6k |
| U.S. Capital Wealth Advisors, LLC 0.18% of their portfolio | 262.6k $4.7m | Added +27.8k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 260.1k $4.6m | Reduced -3.4k |
| CASTLEARK MANAGEMENT LLC 0.18% of their portfolio | 247.1k $4.4m | Reduced -53.5k |
| Price Jennifer C. 4.90% of their portfolio | 235.8k $4.2m | Unchanged |
| Americana Partners, LLC 0.32% of their portfolio | 225.3k $4.0m | Added +2.7k |
| BlackRock Inc. 0.00% of their portfolio | 220.4k $3.9m | Unchanged |
| SEI INVESTMENTS CO 0.01% of their portfolio | 207.8k $3.7m | Added +59.3k |
| Susquehanna Portfolio Strategies, LLC 0.15% of their portfolio | 207.7k $3.7m | Reduced -106 |
| Chicago Partners Investment Group LLC 0.15% of their portfolio | 207.6k $3.9m | Reduced -1.0k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 206.2k $3.7m | Reduced -24.5k |
| CAPITAL ADVISORS INC/OK 0.08% of their portfolio | 204.5k $3.7m | Unchanged |
| Cetera Investment Advisers 0.01% of their portfolio | 199.0k $3.6m | Added +41.6k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 195.9k $3.5m | Added +1.8k |
| Amundi 0.00% of their portfolio | 194.3k $3.7m | Reduced -40.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.08% of their portfolio | 192.7k $3.4m | Reduced -59.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 188.2k $3.4m | Reduced -600 |
| Forvis Mazars Wealth Advisors, LLC 0.08% of their portfolio | 183.8k $3.3m | Unchanged |
| RR Advisors, LLC 0.85% of their portfolio | 178.0k $3.2m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 176.6k $3.2m | Added +16.7k |
| Crescent Grove Advisors, LLC 0.34% of their portfolio | 171.2k $3.1m | Reduced -17.5k |
| ELCO Management Co., LLC 1.70% of their portfolio | 163.3k $2.9m | Added +475 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 162.8k $2.9m | Added +101.5k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 161.1k $2.9m | Added +5.0k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 155.7k $2.8m | Reduced -8.5k |
| Aviance Capital Partners, LLC 0.38% of their portfolio | 148.7k $2.7m | Reduced -1.0k |
| Intrua Financial, LLC 0.43% of their portfolio | 147.1k $2.6m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 139.2k $2.5m | Added +2.2k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 136.9k $2.4m | Added +59.1k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.19% of their portfolio | 131.9k $2.4m | Unchanged |
| GraniteShares Advisors LLC 0.78% of their portfolio | 130.9k $2.3m | Added +16.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 128.3k $2.3m | Added +2.8k |
| Fort Sheridan Advisors LLC 0.36% of their portfolio | 124.9k $2.2m | Added +24.3k |
| US BANCORP \DE\ 0.00% of their portfolio | 122.7k $2.2m | Added +2.6k |
| WOLVERINE TRADING, LLC 0.04% of their portfolio | 120.7k $2.2m | New |
| Morningstar Investment Management LLC 0.22% of their portfolio | 117.1k $2.1m | Reduced -17.0k |
| Oxbow Advisors, LLC 0.24% of their portfolio | 115.9k $2.1m | Unchanged |
| Icon Wealth Advisors, LLC 0.18% of their portfolio | 112.6k $2.0m | Unchanged |
| Moody Aldrich Partners LLC 0.37% of their portfolio | 107.2k $1.9m | Reduced -25.0k |