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 ($41.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.27. Options: 15 managers hold calls ($329.0m notional), 13 hold puts ($50.4m).
Trends to Q2 2026
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 |
| Q3 2024 | 285 |
| Q4 2024 | 305 |
| Q1 2025 | 317 |
| Q2 2025 | 324 |
| Q3 2025 | 323 |
| Q4 2025 | 313 |
| Q1 2026 | 337 |
| Q2 2026 | 341 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 127 | 120 |
| Q4 2024 | 150 | 107 |
| Q1 2025 | 166 | 123 |
| Q2 2025 | 161 | 133 |
| Q3 2025 | 161 | 113 |
| Q4 2025 | 144 | 128 |
| Q1 2026 | 170 | 116 |
| Q2 2026 | 145 | 148 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $112.9m | $35.5m | 0.31 |
| Q4 2025 | $97.2m | $28.4m | 0.29 |
| Q1 2026 | $295.2m | $141.4m | 0.48 |
| Q2 2026 | $329.0m | $50.4m | 0.15 |
Biggest buyers
| D. E. Shaw & Co., Inc. | Added | +1.4m |
| Pathstone Holdings, LLC | Added | +1.2m |
| JPMORGAN CHASE & CO | Added | +702.0k |
| Yaupon Capital Management LP | Added | +576.7k |
| CITADEL ADVISORS LLC | Added | +522.8k |
| Indivisible Partners | New | +387.0k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | Added | +335.0k |
| Treasurer of the State of North Carolina | New | +261.4k |
| Jefferies Financial Group Inc. | New | +257.6k |
| Arax Advisory Partners | Added | +184.8k |
Biggest sellers
| Artemis Investment Management LLP | Reduced | -1.4m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Reduced | -682.3k |
| MORGAN STANLEY | Reduced | -576.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -521.9k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -514.7k |
| UBS Group AG | Reduced | -473.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -436.8k |
| WELLS FARGO & COMPANY/MN | Reduced | -369.7k |
| Voleon Capital Management LP | Reduced | -340.5k |
| Recurrent Investment Advisors LLC | Reduced | -333.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $77.2m3.2m shares |
| PEAK6 LLC | Reduced | $67.3m2.8m shares |
| CITADEL ADVISORS LLC | Added | $58.0m2.4m shares |
| JANE STREET GROUP, LLC | Reduced | $43.5m1.8m shares |
| Walleye Trading LLC | Added | $22.4m924.7k shares |
| SIMPLEX TRADING, LLC | Added | $21.2m871.7k shares |
| GROUP ONE TRADING LLC | Added | $13.0m535.6k shares |
| Squarepoint Ops LLC | Added | $8.0m327.8k shares |
| IMC-Chicago, LLC | Added | $5.8m237.8k shares |
| Walleye Capital LLC | Reduced | $4.1m170.4k shares |
Biggest puts
| Walleye Trading LLC | Added | $13.0m537.1k shares |
| Point72 Asset Management, L.P. | Added | $7.0m287.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.8m278.2k shares |
| Walleye Capital LLC | Reduced | $6.6m273.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.1m127.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m115.7k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $2.6m109.0k shares |
| TWO SIGMA INVESTMENTS, LP | Added | $2.5m103.7k shares |
| GROUP ONE TRADING LLC | Reduced | $2.4m99.5k shares |
| Squarepoint Ops LLC | Reduced | $2.3m95.8k 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 since 1 Apr 2026
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.74% of their portfolio | 11.1m $269.8m | Reduced -682.3k |
| Energy Income Partners, LLC 3.45% of their portfolio | 9.0m $219.5m | Added +71.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 8.9m $216.8m | Reduced -135.3k |
| CHICKASAW CAPITAL MANAGEMENT LLC 7.53% of their portfolio | 8.6m $209.5m | Reduced -45.0k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 7.2m $174.7m | Added +9.6k |
| Clearbridge Investments, LLC 0.14% of their portfolio | 6.9m $166.4m | Reduced -91.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 6.6m $159.1m | Reduced -521.9k |
| Artemis Investment Management LLP 1.14% of their portfolio | 5.3m $128.0m | Reduced -1.4m |
| Invesco Ltd. 0.01% of their portfolio | 4.4m $107.4m | Added +36.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.31% of their portfolio | 4.2m $102.1m | Reduced -270.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.9m $93.8m | Added +112.9k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.12% of their portfolio | 3.8m $92.1m | Added +335.0k |
| MORGAN STANLEY 0.00% of their portfolio | 3.5m $84.7m | Reduced -576.0k |
| UBS Group AG 0.01% of their portfolio | 3.3m $79.6m | Reduced -473.6k |
| Advisors Capital Management, LLC 0.76% of their portfolio | 2.9m $71.4m | Added +5.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.9m $70.5m | Added +1.4m |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 2.9m $69.3m | Added +147.6k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 2.3m $55.4m | Reduced -328.2k |
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $49.3m | Reduced -220.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio | 2.0m $48.8m | Reduced -52.5k |
| Brookfield Corp /ON/ 0.06% of their portfolio | 1.9m $46.6m | Reduced -65.7k |
| Blackstone Inc. 0.15% of their portfolio | 1.9m $46.1m | Reduced -79.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.9m $45.2m | Reduced -436.8k |
| Recurrent Investment Advisors LLC 2.71% of their portfolio | 1.8m $43.6m | Reduced -333.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.6m $38.3m | Reduced -514.7k |
| Pathstone Holdings, LLC 0.11% of their portfolio | 1.5m $36.4m | Added +1.2m |
| MILLER HOWARD INVESTMENTS INC /NY 0.90% of their portfolio | 1.4m $33.9m | Reduced -26.3k |
| Yaupon Capital Management LP 1.09% of their portfolio | 1.4m $32.9m | Added +576.7k |
| McGowan Group Asset Management, Inc. 3.96% of their portfolio | 1.3m $32.6m | Reduced -6.2k |
| Simplify Asset Management Inc. 0.44% of their portfolio | 1.3m $30.9m | Unchanged |
| Propel Bio Management, LLC 16.16% of their portfolio | 1.3m $30.9m | Unchanged |
| ALPS ADVISORS INC 0.14% of their portfolio | 1.3m $30.8m | Added +21.5k |
| Bahl & Gaynor LLC 0.14% of their portfolio | 1.2m $29.5m | Added +46.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $27.3m | Added +702.0k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $26.9m | Added +80.4k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.1m $26.8m | Reduced -21.3k |
| WESTWOOD HOLDINGS GROUP INC 0.20% of their portfolio | 1.1m $26.7m | Reduced -106.3k |
| LPL Financial LLC 0.01% of their portfolio | 1.1m $25.5m | Added +902 |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 989.7k $24.0m | Added +522.8k |
| HRT FINANCIAL LP 0.05% of their portfolio | 941.8k $22.9m | Reduced -145.6k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 935.5k $22.7m | Added +73.0k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 899.0k $21.8m | Added +120.3k |
| Goodman Financial Corp 3.13% of their portfolio | 834.2k $20.2m | Added +16.2k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 821.1k $19.9m | Reduced -5.7k |
| Turtle Creek Wealth Advisors, LLC 1.04% of their portfolio | 810.3k $19.7m | Added +10.0k |
| RR Advisors, LLC 5.53% of their portfolio | 787.9k $19.1m | Reduced -49.4k |
| Catalyst Capital Advisors LLC 0.29% of their portfolio | 718.2k $17.4m | Added +1.0k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 711.9k $17.3m | Added +151.8k |
| STATE STREET CORP 0.00% of their portfolio | 692.8k $16.8m | Added +48.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 678.8k $16.5m | Reduced -10.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 650.3k $15.8m | Reduced -369.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 613.6k $14.9m | Added +176.3k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 605.1k $14.7m | Reduced -87.5k |
| EAGLE GLOBAL ADVISORS LLC 0.45% of their portfolio | 554.6k $13.5m | Reduced -2.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.24% of their portfolio | 549.0k $13.3m | Added +15.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 537.4k $13.0m | Reduced -16.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 533.7k $13.0m | Unchanged |
| NEOS Investment Management LLC 0.04% of their portfolio | 500.8k $12.2m | Added +122.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 418.5k $10.2m | Reduced -7.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 408.3k $9.9m | Added +115.9k |
| Susquehanna Portfolio Strategies, LLC 0.16% of their portfolio | 403.4k $9.8m | Added +23.4k |
| Oxbow Advisors, LLC 0.80% of their portfolio | 403.3k $9.8m | Added +12.4k |
| Engineers Gate Manager LP 0.12% of their portfolio | 395.6k $9.6m | Added +56.2k |
| Cambria Investment Management, L.P. 0.47% of their portfolio | 394.0k $9.6m | Added +19.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 393.0k $9.5m | Added +9.0k |
| Swiss National Bank 0.00% of their portfolio | 387.1k $9.4m | Reduced -4.4k |
| Indivisible Partners 0.53% of their portfolio | 387.0k $9.4m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 375.1k $9.1m | Reduced -83.4k |
| Callodine Capital Management, LP 0.54% of their portfolio | 340.0k $8.3m | Reduced -50.0k |
| Gilman Hill Asset Management, LLC 1.04% of their portfolio | 313.7k $7.6m | Added +2.3k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 308.4k $7.5m | Added +3.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 300.7k $7.3m | Added +11.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 290.5k $7.1m | Reduced -22.2k |
| Linscomb Wealth, Inc. 0.29% of their portfolio | 279.7k $6.8m | Reduced -26.2k |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 275.1k $6.7m | Added +142.4k |
| ASSETMARK, INC 0.01% of their portfolio | 273.6k $6.6m | Added +42.4k |
| STEPHENS INC /AR/ 0.07% of their portfolio | 272.5k $6.6m | Added +14.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 269.0k $6.5m | Added +63.1k |
| Treasurer of the State of North Carolina 0.02% of their portfolio | 261.4k $6.3m | New |
| Founders Capital Management 2.71% of their portfolio | 258.2k $6.3m | Added +2.7k |
| Jefferies Financial Group Inc. 0.06% of their portfolio | 257.6k $6.3m | New |
| JRM Investment Counsel, LLC 1.50% of their portfolio | 255.0k $6.2m | Unchanged |
| Waverly Advisors, LLC 0.04% of their portfolio | 249.5k $6.1m | Reduced -8.5k |
| Moors & Cabot, Inc. 0.23% of their portfolio | 239.3k $5.8m | Reduced -2.0k |
| Americana Partners, LLC 0.12% of their portfolio | 217.4k $5.3m | Reduced -11.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 216.7k $5.3m | Reduced -16.4k |
| HF Advisory Group, LLC 1.59% of their portfolio | 211.9k $5.1m | Reduced -16.2k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 207.6k $5.0m | Added +97.7k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.03% of their portfolio | 206.2k $5.0m | Added +8.1k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 0.09% of their portfolio | 197.7k $4.8m | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 194.5k $4.7m | Reduced -9.7k |
| Prescott Group Capital Management, L.L.C. 0.40% of their portfolio | 189.4k $4.6m | Unchanged |
| Arax Advisory Partners 0.03% of their portfolio | 188.5k $4.6m | Added +184.8k |
| Maryland State Retirement & Pension System 0.08% of their portfolio | 186.4k $4.5m | Added +9.1k |
| Chicago Partners Investment Group LLC 0.10% of their portfolio | 183.8k $4.9m | Added +1.2k |
| Nuveen, LLC 0.00% of their portfolio | 182.8k $4.4m | New |
| Heronetta Management, L.P. 4.03% of their portfolio | 181.0k $4.4m | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 179.4k $4.4m | Added +1.5k |
| CITIGROUP INC 0.00% of their portfolio | 178.9k $4.3m | Reduced -16.1k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 178.2k $4.3m | Added +3.2k |