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 ($6.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.10. Options: 15 managers hold calls ($89.0m notional), 13 hold puts ($66.7m).
Trends to Q4 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 |
| Q3 2024 | 370 |
| Q4 2024 | 382 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 147 | 110 |
| Q2 2023 | 112 | 123 |
| Q3 2023 | 140 | 108 |
| Q4 2023 | 132 | 131 |
| Q1 2024 | 144 | 124 |
| Q2 2024 | 137 | 122 |
| Q3 2024 | 160 | 96 |
| Q4 2024 | 153 | 116 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $120.3m | $39.1m | 0.32 |
| Q2 2024 | $121.1m | $47.1m | 0.39 |
| Q3 2024 | $105.8m | $81.6m | 0.77 |
| Q4 2024 | $89.0m | $66.7m | 0.75 |
Biggest buyers
| MORGAN STANLEY | Added | +7.2m |
| ALPS ADVISORS INC | Added | +6.2m |
| Brookfield Corp /ON/ | Added | +3.4m |
| ING GROEP NV | Added | +2.6m |
| BARCLAYS PLC | Added | +2.2m |
| UBS Group AG | Added | +2.2m |
| FMR LLC | Added | +1.8m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| Invesco Ltd. | Added | +1.2m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +1.2m |
Biggest sellers
| Blackstone Inc. | Reduced | -15.8m |
| JPMORGAN CHASE & CO | Reduced | -6.6m |
| KAYNE ANDERSON CAPITAL ADVISORS LP | Reduced | -1.9m |
| CHICKASAW CAPITAL MANAGEMENT LLC | Reduced | -1.7m |
| HRT FINANCIAL LP | Reduced | -951.8k |
| DEUTSCHE BANK AG\ | Reduced | -858.5k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -446.9k |
| WALNUT PRIVATE EQUITY PARTNERS, LLC | Sold out | -425.0k |
| Clearbridge Investments, LLC | Reduced | -398.3k |
| JENNISON ASSOCIATES LLC | Sold out | -374.7k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $30.0m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $15.9m930.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.8m805.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.4m551.9k shares |
| IMC-Chicago, LLC | Reduced | $6.9m403.5k shares |
| JANE STREET GROUP, LLC | Added | $3.8m219.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.3m197.0k shares |
| Squarepoint Ops LLC | New | $2.7m157.4k shares |
| PEAK6 LLC | First filing | $1.6m95.5k shares |
| Caption Management, LLC | Unchanged | $1.0m60.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $21.1m1.2m shares |
| GROUP ONE TRADING LLC | Reduced | $18.7m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.8m749.6k shares |
| Squarepoint Ops LLC | New | $4.7m277.8k shares |
| PEAK6 LLC | First filing | $2.6m151.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m123.7k shares |
| IMC-Chicago, LLC | Reduced | $2.1m123.2k shares |
| JANE STREET GROUP, LLC | Added | $1.1m61.7k shares |
| WOLVERINE TRADING, LLC | Added | $971.1k57.7k shares |
| Walleye Trading LLC | Unchanged | $244.2k14.3k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.44% of their portfolio | 69.0m $1.2bn | Added +6.2m |
| Invesco Ltd. 0.09% of their portfolio | 27.8m $475.3m | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 19.6m $335.1m | Added +1.6m |
| MORGAN STANLEY 0.02% of their portfolio | 18.2m $311.4m | Added +7.2m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.55% of their portfolio | 15.3m $261.3m | Added +1.2m |
| Blackstone Inc. 1.17% of their portfolio | 14.4m $246.5m | Reduced -15.8m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.91% of their portfolio | 13.3m $227.5m | Added +75.5k |
| UBS Group AG 0.04% of their portfolio | 11.2m $190.6m | Added +2.2m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.9m $134.1m | Reduced -6.6m |
| Brookfield Corp /ON/ 0.39% of their portfolio | 7.6m $129.6m | Added +3.4m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.27% of their portfolio | 5.6m $96.4m | Reduced -1.9m |
| CIBC Private Wealth Group LLC 0.17% of their portfolio | 4.9m $92.5m | Added +1.2m |
| EAGLE GLOBAL ADVISORS LLC 3.26% of their portfolio | 4.7m $79.7m | Added +358.4k |
| BARCLAYS PLC 0.04% of their portfolio | 4.2m $72.2m | Added +2.2m |
| ING GROEP NV 0.45% of their portfolio | 3.9m $66.5m | Added +2.6m |
| Fractal Investments LLC 10.00% of their portfolio | 3.8m $65.3m | Unchanged |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 8.21% of their portfolio | 3.6m $61.3m | Reduced -179.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.5m $59.4m | Reduced -46.8k |
| CITIGROUP INC 0.06% of their portfolio | 3.4m $58.9m | Added +18.5k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 3.1m $53.6m | Reduced -398.3k |
| NATIXIS 0.31% of their portfolio | 2.7m $46.3m | Added +675.0k |
| MILLER HOWARD INVESTMENTS INC /NY 1.47% of their portfolio | 2.6m $44.6m | Added +38.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.50% of their portfolio | 2.4m $41.6m | Added +300.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.4m $41.5m | Reduced -858.5k |
| CHICKASAW CAPITAL MANAGEMENT LLC 1.65% of their portfolio | 2.4m $40.9m | Reduced -1.7m |
| FMR LLC 0.00% of their portfolio | 2.4m $40.4m | Added +1.8m |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 2.0m $34.4m | Reduced -200.3k |
| WESTWOOD HOLDINGS GROUP INC 0.24% of their portfolio | 1.8m $31.1m | Reduced -22.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.8m $30.7m | Reduced -120.2k |
| Pathstone Holdings, LLC 0.13% of their portfolio | 1.8m $30.2m | Reduced -372.9k |
| Fayez Sarofim & Co 0.07% of their portfolio | 1.7m $28.3m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 1.6m $27.2m | Reduced -446.9k |
| COHEN & STEERS, INC. 0.05% of their portfolio | 1.6m $26.7m | Added +20.0k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 5.77% of their portfolio | 1.3m $22.4m | Unchanged |
| Energy Income Partners, LLC 0.45% of their portfolio | 1.3m $22.1m | Reduced -211.9k |
| Bollard Group LLC 0.46% of their portfolio | 981.4k $16.8m | Reduced -16.5k |
| Mariner, LLC 0.03% of their portfolio | 968.9k $16.5m | Reduced -16.1k |
| Adams Asset Advisors, LLC 1.68% of their portfolio | 767.6k $13.1m | Added +4.6k |
| NorthCoast Asset Management LLC 0.06% of their portfolio | 697.3k $11.9m | Added +27.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 658.5k $11.2m | First filing |
| NBW CAPITAL LLC 2.00% of their portfolio | 632.5k $10.8m | Added +44.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 597.0k $10.2m | Added +1.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 536.0k $9.2m | Added +4.2k |
| Sovereign Investment Advisors, LLC 2.69% of their portfolio | 528.9k $9.0m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 520.3k $8.9m | Reduced -239.6k |
| EXCHANGE TRADED CONCEPTS, LLC 0.18% of their portfolio | 514.6k $8.8m | Reduced -37.4k |
| Texas Yale Capital Corp. 0.35% of their portfolio | 502.6k $8.6m | Added +5.0k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 500.0k $8.5m | Unchanged |
| Allianz Asset Management GmbH 0.01% of their portfolio | 492.0k $8.4m | Unchanged |
| Jump Financial, LLC 0.18% of their portfolio | 488.7k $8.3m | Added +178.2k |
| LPL Financial LLC 0.00% of their portfolio | 445.4k $7.6m | Reduced -12.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 429.1k $7.3m | First filing |
| Corient Private Wealth LP 0.01% of their portfolio | 427.7k $3.5m | Added +25.3k |
| HENNESSY ADVISORS INC 0.21% of their portfolio | 420.6k $7.2m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 417.7k $7.1m | Reduced -13.0k |
| AMERICAN FINANCIAL GROUP INC 3.21% of their portfolio | 412.5k $7.0m | Unchanged |
| Maryland State Retirement & Pension System 0.14% of their portfolio | 383.1k $6.5m | Reduced -7.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 338.0k $5.8m | Added +47.9k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.15% of their portfolio | 332.3k $5.7m | Reduced -30.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 287.1k $4.9m | Reduced -38.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 275.7k $4.7m | Added +45.0k |
| CWA Asset Management Group, LLC 0.23% of their portfolio | 266.8k $4.6m | Added +2.1k |
| Americana Partners, LLC 0.18% of their portfolio | 264.6k $4.5m | Added +30 |
| U.S. Capital Wealth Advisors, LLC 0.14% of their portfolio | 257.8k $4.4m | Reduced -5.9k |
| CASTLEARK MANAGEMENT LLC 0.15% of their portfolio | 247.1k $4.2m | Unchanged |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 245.3k $4.2m | Added +132.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 241.0k $4.1m | Added +142.0k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 229.7k $3.9m | Reduced -49.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 226.4k $3.9m | Added +183.9k |
| Price Jennifer C. 5.11% of their portfolio | 225.8k $3.9m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 220.0k $3.8m | Added +5.8k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.25% of their portfolio | 218.8k $3.7m | Reduced -231.1k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 217.7k $3.7m | Added +65.9k |
| IMC-Chicago, LLC 0.10% of their portfolio | 217.5k $3.7m | Added +168.3k |
| Chicago Partners Investment Group LLC 0.13% of their portfolio | 215.2k $4.0m | Added +1.8k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 210.1k $3.6m | Unchanged |
| Cetera Investment Advisers 0.01% of their portfolio | 200.0k $3.4m | Reduced -121 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 197.1k $3.4m | Added +2.8k |
| Amundi 0.00% of their portfolio | 194.3k $3.6m | Unchanged |
| Forvis Mazars Wealth Advisors, LLC 0.07% of their portfolio | 181.6k $3.1m | Reduced -2.2k |
| RR Advisors, LLC 0.78% of their portfolio | 178.0k $3.0m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 175.3k $3.0m | Reduced -600 |
| Private Advisor Group, LLC 0.02% of their portfolio | 167.9k $2.9m | Reduced -768 |
| Cerity Partners LLC 0.01% of their portfolio | 167.1k $2.9m | Reduced -12.8k |
| Crescent Grove Advisors, LLC 0.27% of their portfolio | 160.1k $2.7m | Reduced -13.8k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 158.9k $2.7m | Reduced -579 |
| ELCO Management Co., LLC 1.38% of their portfolio | 153.5k $2.6m | Reduced -10.0k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 139.0k $2.4m | Added +50.4k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 136.9k $2.3m | Unchanged |
| DIVIDEND ASSETS CAPITAL, LLC 0.45% of their portfolio | 136.6k $2.3m | Added +14.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 133.2k $2.3m | Reduced -8.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 133.0k $2.3m | Reduced -9.3k |
| US BANCORP \DE\ 0.00% of their portfolio | 126.4k $2.2m | Added +1.0k |
| Fort Sheridan Advisors LLC 0.31% of their portfolio | 125.6k $2.1m | Added +10 |
| Oxbow Advisors, LLC 0.23% of their portfolio | 113.9k $1.9m | Reduced -2.0k |
| STEPHENS INC /AR/ 0.03% of their portfolio | 110.7k $1.9m | Added +15.0k |
| Counterpoint Mutual Funds LLC 0.23% of their portfolio | 109.5k $1.9m | Added +37.0k |
| Icon Wealth Advisors, LLC 0.15% of their portfolio | 108.8k $1.9m | Reduced -1.9k |
| Moody Aldrich Partners LLC 0.34% of their portfolio | 107.2k $1.8m | Unchanged |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 106.3k $1.8m | Added +15.4k |