Advisory Research’s Plains All American Pipeline PAA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-5,362,603	Closed	-$131M	–	346
2019 Q2	$131M	Sell	5,362,603 -90,745	-2%	-$2.17M	2.57%	8
2019 Q1	$134M	Buy	5,453,348 +490,475	+10%	+$11.6M	2.58%	9
2018 Q4	$99.5M	Sell	4,962,873 -986,010	-17%	-$22.5M	2.11%	11
2018 Q3	$149M	Sell	5,948,883 -438,550	-7%	-$11M	2.43%	12
2018 Q2	$151M	Buy	6,387,433 +1,188,882	+23%	+$28.6M	2.42%	11
2018 Q1	$115M	Buy	5,198,551 +161,191	+3%	+$3.55M	2.06%	9
2017 Q4	$104M	Sell	5,037,360 -1,016,823	-17%	-$20.7M	1.72%	12
2017 Q3	$128M	Sell	6,054,183 -1,008,290	-14%	-$23.3M	2.04%	9
2017 Q2	$186M	Buy	7,062,473 +1,383,165	+24%	+$38.3M	2.93%	6
2017 Q1	$180M	Buy	5,679,308 +222,064	+4%	+$7.02M	2.65%	6
2016 Q4	$176M	Buy	5,457,244 +52,291	+1%	+$1.65M	2.62%	6
2016 Q3	$170M	Sell	5,404,953 -37,075	-0.7%	-$1.06M	2.76%	6
2016 Q2	$150M	Buy	5,442,028 +1,044,365	+24%	+$25.3M	2.58%	8
2016 Q1	$92.2M	Sell	4,397,663 -501,129	-10%	-$10.5M	1.74%	14
2015 Q4	$113M	Buy	4,898,792 +498,397	+11%	+$13.4M	1.72%	14
2015 Q3	$134M	Buy	4,400,395 +21,875	+0.5%	+$800K	1.9%	9
2015 Q2	$191M	Buy	4,378,520 +96,348	+2%	+$4.62M	2.17%	7
2015 Q1	$209M	Buy	4,282,172 +11,013	+0.3%	+$547K	2.28%	8
2014 Q4	$219M	Sell	4,271,159 -11,354	-0.3%	-$603K	2.28%	7
2014 Q3	$252M	Sell	4,282,513 -21,475	-0.5%	-$1.26M	2.44%	5
2014 Q2	$258M	Sell	4,303,988 -39,390	-0.9%	-$2.24M	2.4%	5
2014 Q1	$239M	Sell	4,343,378 -230,076	-5%	-$12.1M	2.47%	5
2013 Q4	$237M	Sell	4,573,454 -1,137,201	-20%	-$58.1M	2.44%	4
2013 Q3	$301M	Buy	5,710,655 +180,121	+3%	+$9.62M	3.24%	4
2013 Q2	$309M	Buy	+5,530,534	New	+$313M	3.49%	2