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 ($33.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.82. Options: 14 managers hold calls ($97.1m notional), 12 hold puts ($13.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 254 |
| Q4 2022 | 261 |
| Q1 2023 | 255 |
| Q2 2023 | 260 |
| Q3 2023 | 256 |
| Q4 2023 | 256 |
| Q1 2024 | 271 |
| Q2 2024 | 276 |
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 |
| Q3 2023 | 121 | 119 |
| Q4 2023 | 111 | 108 |
| Q1 2024 | 123 | 115 |
| Q2 2024 | 116 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $39.5m | $15.1m | 0.38 |
| Q4 2023 | $46.3m | $21.3m | 0.46 |
| Q1 2024 | $86.4m | $20.5m | 0.24 |
| Q2 2024 | $97.1m | $13.5m | 0.14 |
Biggest buyers
| BlackRock Inc. | Added | +3.0m |
| Propel Bio Management, LLC | New | +1.4m |
| TWO SIGMA ADVISERS, LP | Added | +1.1m |
| DEUTSCHE BANK AG\ | Added | +876.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +824.4k |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +703.2k |
| CITADEL ADVISORS LLC | Added | +697.5k |
| ACADIAN ASSET MANAGEMENT LLC | New | +608.1k |
| VANGUARD GROUP INC | Added | +507.4k |
| SIR Capital Management, L.P. | New | +470.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -12.3m |
| Clearbridge Investments, LLC | Reduced | -2.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.8m |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -1.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.4m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.2m |
| Aventail Capital Group, LP | Reduced | -975.2k |
| Allianz Asset Management GmbH | Reduced | -908.1k |
| KAYNE ANDERSON CAPITAL ADVISORS LP | Reduced | -806.4k |
| JPMORGAN CHASE & CO | Reduced | -674.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.2m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $17.5m928.9k shares |
| JANE STREET GROUP, LLC | Reduced | $15.8m841.4k shares |
| Walleye Trading LLC | Reduced | $13.1m696.6k shares |
| GROUP ONE TRADING LLC | Added | $8.1m431.8k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m249.7k shares |
| Point72 Asset Management, L.P. | Unchanged | $3.9m207.8k shares |
| GTS SECURITIES LLC | Reduced | $3.4m179.3k shares |
| PEAK6 Investments LLC | Added | $3.0m157.2k shares |
| Walleye Capital LLC | Reduced | $1.6m85.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $5.3m282.0k shares |
| Point72 Asset Management, L.P. | Reduced | $2.5m135.0k shares |
| Walleye Capital LLC | Added | $1.9m99.1k shares |
| Walleye Trading LLC | Reduced | $957.9k50.9k shares |
| GTS SECURITIES LLC | Reduced | $929.7k49.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $521.3k27.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $363.0k19.3k shares |
| PEAK6 Investments LLC | Reduced | $318.1k16.9k shares |
| GROUP ONE TRADING LLC | Reduced | $295.5k15.7k shares |
| Cubist Systematic Strategies, LLC | New | $214.5k11.4k 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 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 | 1 | $119.8k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $993.8k | 0 | — | — |
| Q3 2023 | 1 | $1.0m | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.90% of their portfolio | 11.7m $219.6m | Added +703.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 10.0m $188.7m | Reduced -1.4m |
| Energy Income Partners, LLC 4.19% of their portfolio | 10.0m $188.3m | Reduced -635.2k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.45% of their portfolio | 7.0m $130.9m | Reduced -88.2k |
| CHICKASAW CAPITAL MANAGEMENT LLC 5.52% of their portfolio | 6.6m $124.5m | Added +232.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 5.8m $109.6m | Reduced -1.8m |
| MORGAN STANLEY 0.01% of their portfolio | 5.5m $103.1m | Reduced -12.3m |
| BlackRock Inc. 0.00% of their portfolio | 5.5m $102.7m | Added +3.0m |
| WESTWOOD HOLDINGS GROUP INC 0.47% of their portfolio | 5.4m $101.5m | Added +113.1k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 5.4m $101.3m | Reduced -2.9m |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 6.46% of their portfolio | 4.3m $81.3m | Reduced -40.0k |
| TWO SIGMA ADVISERS, LP 0.17% of their portfolio | 4.0m $75.6m | Added +1.1m |
| UBS Group AG 0.02% of their portfolio | 2.9m $54.3m | Reduced -3.2k |
| Invesco Ltd. 0.01% of their portfolio | 2.9m $54.2m | Reduced -380.2k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 2.8m $53.0m | Reduced -599.1k |
| Recurrent Investment Advisors LLC 5.49% of their portfolio | 2.8m $52.1m | Reduced -5.0k |
| Blackstone Inc. 0.23% of their portfolio | 2.8m $52.1m | Reduced -13.6k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 2.7m $51.3m | Reduced -76.6k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 1.20% of their portfolio | 2.4m $44.6m | Reduced -806.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.3m $43.9m | Added +876.2k |
| Advisors Capital Management, LLC 0.76% of their portfolio | 2.3m $43.5m | Added +65.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.3m $42.5m | Added +507.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.2m $41.4m | Added +433.1k |
| HENNESSY ADVISORS INC 1.30% of their portfolio | 1.8m $34.3m | Added +279.1k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 1.8m $34.0m | Added +171.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.7m $32.7m | Added +697.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio | 1.6m $30.2m | First filing |
| RR Advisors, LLC 7.62% of their portfolio | 1.5m $28.4m | Reduced -84.0k |
| MILLER HOWARD INVESTMENTS INC /NY 0.90% of their portfolio | 1.4m $27.2m | Reduced -509.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.49% of their portfolio | 1.4m $26.6m | Added +824.4k |
| Simplify Asset Management Inc. 2.27% of their portfolio | 1.4m $25.8m | Unchanged |
| Propel Bio Management, LLC 16.75% of their portfolio | 1.4m $25.8m | New |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.3m $24.0m | Added +81.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.2m $22.8m | Added +292.2k |
| McGowan Group Asset Management, Inc. 2.92% of their portfolio | 1.1m $21.0m | Added +16.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.0m $19.7m | Reduced -8.1k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.69% of their portfolio | 1.0m $19.2m | Reduced -36.7k |
| Cinctive Capital Management LP 1.00% of their portfolio | 991.6k $18.7m | Added +369.4k |
| FMR LLC 0.00% of their portfolio | 969.4k $18.2m | Reduced -246.1k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 961.2k $18.1m | Reduced -908.1k |
| Bahl & Gaynor LLC 0.10% of their portfolio | 942.6k $17.7m | Added +21.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 879.4k $16.5m | Reduced -674.9k |
| BARCLAYS PLC 0.01% of their portfolio | 870.7k $16.4m | Added +63.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 824.6k $15.5m | Added +329.3k |
| ALPS ADVISORS INC 0.11% of their portfolio | 816.2k $15.4m | Added +99.0k |
| Goodman Financial Corp 3.36% of their portfolio | 801.4k $15.1m | Reduced -8.4k |
| EAGLE GLOBAL ADVISORS LLC 0.75% of their portfolio | 752.1k $14.2m | Added +27.0k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 692.7k $13.0m | Added +8.7k |
| LPL Financial LLC 0.01% of their portfolio | 684.9k $12.9m | Added +20.8k |
| Cambria Investment Management, L.P. 0.78% of their portfolio | 675.3k $12.7m | Added +3.5k |
| Morningstar Investment Services LLC 0.14% of their portfolio | 669.4k $12.5m | Reduced -10.4k |
| Catalyst Capital Advisors LLC 0.29% of their portfolio | 665.6k $12.5m | Reduced -41.9k |
| Oxbow Advisors, LLC 1.46% of their portfolio | 662.4k $12.5m | Reduced -4.0k |
| Aventail Capital Group, LP 0.85% of their portfolio | 645.5k $12.1m | Reduced -975.2k |
| Pathstone Holdings, LLC 0.05% of their portfolio | 623.6k $11.7m | Added +18.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 608.4k $11.5m | Added +235.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 608.1k $11.4m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 601.8k $11.3m | Added +4.2k |
| STATE STREET CORP 0.00% of their portfolio | 547.3k $10.3m | Reduced -37.6k |
| SIR Capital Management, L.P. 0.88% of their portfolio | 470.2k $8.8m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 433.1k $8.2m | Added +223.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 405.6k $7.6m | Reduced -7.8k |
| HighTower Advisors, LLC 0.01% of their portfolio | 401.4k $7.6m | Added +9.0k |
| Swiss National Bank 0.01% of their portfolio | 387.0k $7.3m | Unchanged |
| KGH Ltd 0.44% of their portfolio | 379.9k $7.2m | Unchanged |
| HRT FINANCIAL LP 0.04% of their portfolio | 370.9k $7.0m | Added +52.5k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 366.1k $6.9m | Reduced -4.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 318.1k $6.0m | Reduced -151.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 316.5k $6.0m | Reduced -6.4k |
| ING GROEP NV 0.03% of their portfolio | 310.0k $5.8m | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.13% of their portfolio | 304.7k $5.7m | New |
| Bard Financial Services, Inc. 0.57% of their portfolio | 294.4k $5.5m | Added +3.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 283.7k $5.3m | Added +72.0k |
| MERITAGE PORTFOLIO MANAGEMENT 0.33% of their portfolio | 276.7k $5.2m | Reduced -7.0k |
| NBW CAPITAL LLC 0.99% of their portfolio | 267.2k $5.0m | Reduced -31.1k |
| Linscomb Wealth, Inc. 0.26% of their portfolio | 262.2k $4.9m | Added +239.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 259.9k $4.9m | Reduced -10.7k |
| Moors & Cabot, Inc. 0.26% of their portfolio | 259.5k $4.9m | Added +959 |
| EXCHANGE TRADED CONCEPTS, LLC 0.11% of their portfolio | 233.0k $4.4m | Added +29.4k |
| Corient Private Wealth LP 0.01% of their portfolio | 231.1k $4.3m | Reduced -546 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 202.7k $3.8m | Reduced -201 |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 196.7k $3.7m | Added +149.2k |
| Heronetta Management, L.P. 2.36% of their portfolio | 196.4k $3.7m | Added +2.0k |
| Legal & General Group Plc 0.00% of their portfolio | 189.7k $3.6m | Unchanged |
| Prescott Group Capital Management, L.L.C. 0.56% of their portfolio | 189.4k $3.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 178.0k $3.4m | Added +1.4k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 176.6k $3.3m | Added +1.6k |
| Cetera Investment Advisers 0.01% of their portfolio | 169.7k $3.2m | Added +14.8k |
| Maryland State Retirement & Pension System 0.06% of their portfolio | 167.8k $3.2m | Unchanged |
| Chicago Partners Investment Group LLC 0.13% of their portfolio | 166.6k $3.3m | Added +6.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 166.4k $3.1m | Added +120.0k |
| Amundi 0.00% of their portfolio | 163.8k $3.2m | Reduced -5.2k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.02% of their portfolio | 163.4k $3.1m | Added +14.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 159.5k $3.0m | Reduced -468 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 153.1k $2.9m | Reduced -22.1k |
| ProVise Management Group, LLC 0.24% of their portfolio | 150.9k $2.8m | Reduced -9.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 132.5k $2.5m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 125.5k $2.4m | Reduced -185.1k |
| BEACH INVESTMENT COUNSEL INC/PA 0.28% of their portfolio | 121.1k $2.3m | Reduced -937 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 116.2k $2.2m | Added +1.5k |