PLAINS GP HLDGS L P PAGP
LTD PARTNR INT A · Ltd Part · CUSIP 72651A207
- SectorEnergy
- IndustryPipe Lines (No Natural Gas)
- HeadquartersHouston, TX
- 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.83. Options: 12 managers hold calls ($105.6m notional), 10 hold puts ($18.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 254 |
| Q4 2022 | 261 |
| Q1 2023 | 255 |
| Q2 2023 | 260 |
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 | 140 | 98 |
| Q1 2023 | 116 | 128 |
| Q2 2023 | 123 | 110 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $9.8m | $4.1m | 0.42 |
| Q4 2022 | $9.7m | $2.0m | 0.21 |
| Q1 2023 | $17.5m | $21.0m | 1.20 |
| Q2 2023 | $105.6m | $18.3m | 0.17 |
Biggest buyers
| Aventail Capital Group, LP | New | +3.7m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +1.7m |
| Blackstone Inc. | Added | +1.3m |
| KGH Ltd | Added | +1.1m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +740.7k |
| Cubist Systematic Strategies, LLC | Added | +596.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +573.2k |
| Invesco Ltd. | Added | +535.4k |
| GOLDMAN SACHS GROUP INC | Added | +344.8k |
| Jump Financial, LLC | Added | +334.5k |
Biggest sellers
| Brookfield Corp /ON/ | Reduced | -2.9m |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -1.1m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -1.1m |
| CI INVESTMENTS INC. | Reduced | -854.9k |
| CITADEL ADVISORS LLC | Reduced | -825.2k |
| Assenagon Asset Management S.A. | Reduced | -763.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -745.8k |
| BARCLAYS PLC | Reduced | -570.8k |
| RR Advisors, LLC | Reduced | -542.0k |
| Cinctive Capital Management LP | Reduced | -518.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $53.0m3.6m shares |
| CITADEL ADVISORS LLC | Added | $30.2m2.0m shares |
| GROUP ONE TRADING LLC | Added | $7.1m477.6k shares |
| SIMPLEX TRADING, LLC | Added | $4.6m308.7k shares |
| Caption Management, LLC | New | $4.0m272.2k shares |
| JANE STREET GROUP, LLC | Added | $3.1m207.3k shares |
| PEAK6 Investments LLC | Added | $2.3m153.5k shares |
| Walleye Trading LLC | Added | $830.5k56.0k shares |
| TUDOR INVESTMENT CORP ET AL | New | $394.5k26.6k shares |
| Walleye Capital LLC | New | $31.1k2.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.3m760.8k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m215.7k shares |
| PEAK6 Investments LLC | Reduced | $1.3m85.0k shares |
| Walleye Trading LLC | Reduced | $1.1m74.2k shares |
| TUDOR INVESTMENT CORP ET AL | New | $616.9k41.6k shares |
| CITADEL ADVISORS LLC | Reduced | $560.6k37.8k shares |
| GROUP ONE TRADING LLC | Added | $286.2k19.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $26.0k1.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| Cutler Group LLC / CA | Reduced | $03.7k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: Energy Income Partners, LLC (4.5%, 2026-02-17), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (4.8%, 2026-01-28)
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 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $119.8k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $993.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-08 | Chiang Willie CW Chairman & CEO, director · Class A Shares | Bought | $993.8k75.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Energy Income Partners, LLC 4.16% of their portfolio | 13.2m $195.9m | Reduced -194.2k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.94% of their portfolio | 13.0m $192.7m | Added +740.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 12.8m $190.6m | Added +9.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 10.1m $149.8m | Added +344.8k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 8.4m $124.1m | Reduced -13.4k |
| CHICKASAW CAPITAL MANAGEMENT LLC 4.20% of their portfolio | 5.1m $76.0m | Reduced -439.6k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 7.30% of their portfolio | 5.1m $75.5m | Reduced -415.0k |
| RR Advisors, LLC 13.20% of their portfolio | 4.9m $72.3m | Reduced -542.0k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 1.94% of their portfolio | 4.3m $64.2m | Reduced -49.0k |
| WESTWOOD HOLDINGS GROUP INC 0.55% of their portfolio | 4.1m $61.2m | Reduced -1.1m |
| Aventail Capital Group, LP 5.55% of their portfolio | 3.7m $54.6m | New |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 3.5m $51.2m | Reduced -22.5k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 3.4m $51.0m | Added +573.2k |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 3.3m $48.6m | Reduced -69.0k |
| Invesco Ltd. 0.01% of their portfolio | 3.2m $47.7m | Added +535.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.9m $43.1m | Added +326.6k |
| Recurrent Investment Advisors LLC 6.67% of their portfolio | 2.7m $39.4m | Added +184.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.6m $38.3m | Reduced -367.9k |
| UBS Group AG 0.02% of their portfolio | 2.5m $37.0m | Added +115.4k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 2.1m $31.7m | Added +144.3k |
| Advisors Capital Management, LLC 0.74% of their portfolio | 2.1m $31.0m | Added +89.3k |
| Blackstone Inc. 0.13% of their portfolio | 2.1m $30.8m | Added +1.3m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.0m $30.4m | Added +65.4k |
| MILLER HOWARD INVESTMENTS INC /NY 1.06% of their portfolio | 2.0m $29.9m | Added +15.4k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 1.9m $28.4m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.8m $26.6m | Added +276.4k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.8m $26.1m | Added +45.2k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.10% of their portfolio | 1.7m $25.6m | New |
| KGH Ltd 1.34% of their portfolio | 1.3m $18.9m | Added +1.1m |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.3m $18.6m | Reduced -763.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.2m $17.9m | Added +170.8k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.74% of their portfolio | 1.2m $17.7m | Added +18.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.1m $16.1m | Added +261.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $15.9m | Added +59.2k |
| Simplify Asset Management Inc. 2.81% of their portfolio | 1.0m $15.5m | Reduced -9.3k |
| HENNESSY ADVISORS INC 1.09% of their portfolio | 1.0m $15.1m | Added +46.0k |
| BlackRock Inc. 0.00% of their portfolio | 902.5k $13.4m | Reduced -170.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 901.8k $13.4m | Reduced -825.2k |
| Goodman Financial Corp 3.54% of their portfolio | 860.6k $12.8m | Reduced -2.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 816.6k $12.1m | Added +281.2k |
| ALPS ADVISORS INC 0.10% of their portfolio | 787.2k $11.7m | Reduced -96.2k |
| EAGLE GLOBAL ADVISORS LLC 0.77% of their portfolio | 784.6k $11.6m | Reduced -27.3k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 742.9k $11.0m | Added +596.9k |
| Morningstar Investment Services LLC 0.14% of their portfolio | 742.2k $10.9m | Reduced -679 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 732.3k $10.9m | Reduced -745.8k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 731.6k $10.9m | Reduced -48.2k |
| Catalyst Capital Advisors LLC 0.30% of their portfolio | 700.6k $10.4m | Reduced -127.3k |
| Oxbow Advisors, LLC 1.59% of their portfolio | 683.0k $10.1m | Added +28.0k |
| BARCLAYS PLC 0.01% of their portfolio | 661.7k $9.8m | Reduced -570.8k |
| Cambria Investment Management, L.P. 0.82% of their portfolio | 660.7k $9.8m | Reduced -29.2k |
| Walleye Capital LLC 0.16% of their portfolio | 609.0k $9.0m | Reduced -11.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 595.9k $8.8m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 574.2k $8.5m | Reduced -17.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 508.7k $7.5m | Reduced -9.2k |
| LPL Financial LLC 0.01% of their portfolio | 494.5k $7.3m | Added +68.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 476.8k $7.1m | Reduced -463.1k |
| Terril Brothers, Inc. 3.09% of their portfolio | 471.3k $7.0m | Reduced -1.0k |
| Brookfield Corp /ON/ 0.03% of their portfolio | 453.9k $6.7m | Reduced -2.9m |
| CI INVESTMENTS INC. 0.03% of their portfolio | 448.5k $6.7m | Reduced -854.9k |
| Swiss National Bank 0.00% of their portfolio | 423.3k $6.3m | Added +4.0k |
| MERITAGE PORTFOLIO MANAGEMENT 0.43% of their portfolio | 408.5k $6.1m | Added +17.6k |
| Bard Financial Services, Inc. 0.44% of their portfolio | 388.5k $5.8m | Reduced -24.9k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 370.1k $5.5m | Added +15.4k |
| Jump Financial, LLC 0.20% of their portfolio | 363.9k $5.4m | Added +334.5k |
| NBW CAPITAL LLC 1.10% of their portfolio | 318.9k $4.7m | Reduced -2.5k |
| ProVise Management Group, LLC 0.40% of their portfolio | 295.2k $4.4m | Added +61.6k |
| PATHSTONE FAMILY OFFICE, LLC 0.06% of their portfolio | 290.5k $4.3m | Added +100 |
| Moors & Cabot, Inc. 0.26% of their portfolio | 268.7k $4.0m | Added +102 |
| Sagefield Capital LP 0.84% of their portfolio | 264.0k $3.9m | Added +30.4k |
| Annandale Capital, LLC 1.12% of their portfolio | 260.4k $3.9m | Unchanged |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 251.1k $3.7m | Reduced -10.8k |
| Amundi 0.00% of their portfolio | 250.9k $3.7m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 234.9k $3.5m | Reduced -9.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 233.8k $3.5m | Added +46.3k |
| Corient Private Wealth LP 0.01% of their portfolio | 229.7k $3.4m | Added +145.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 219.3k $3.3m | Reduced -19.4k |
| Cinctive Capital Management LP 0.13% of their portfolio | 217.1k $3.2m | Reduced -518.8k |
| Maryland State Retirement & Pension System 0.06% of their portfolio | 205.3k $3.0m | Added +6.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 202.2k $3.0m | Added +135.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 199.6k $3.0m | Reduced -20.9k |
| Heronetta Management, L.P. 2.11% of their portfolio | 194.4k $2.9m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 191.3k $2.8m | Reduced -22.1k |
| Prescott Group Capital Management, L.L.C. 0.62% of their portfolio | 189.4k $2.8m | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio | 183.6k $2.7m | Added +183.4k |
| Tortoise Index Solutions, LLC 0.55% of their portfolio | 183.0k $2.7m | Reduced -20.5k |
| Legal & General Group Plc 0.00% of their portfolio | 179.7k $2.7m | Added +153.4k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 173.4k $2.6m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 171.5k $2.3m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 171.1k $2.5m | Added +389 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 170.5k $2.5m | Added +806 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 164.7k $2.4m | Reduced -37.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 159.1k $2.4m | Reduced -49.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 157.1k $2.3m | Reduced -18.9k |
| Quantbot Technologies LP 0.15% of their portfolio | 155.8k $2.3m | Added +129.8k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 154.7k $2.3m | New |
| Bahl & Gaynor LLC 0.01% of their portfolio | 148.5k $2.2m | New |
| Chicago Partners Investment Group LLC 0.11% of their portfolio | 137.1k $2.1m | Added +55.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 132.7k $2.0m | Added +13.9k |
| BEACH INVESTMENT COUNSEL INC/PA 0.22% of their portfolio | 126.9k $1.9m | Reduced -30.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 124.8k $1.9m | Added +3.8k |