Plains All American Pipeline
372 hedge funds and large institutions have $4.65B invested in Plains All American Pipeline in 2025 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 126 increasing their positions, 92 reducing their positions, and 30 closing their positions.
203% more call options, than puts
Call options by funds: $178M | Put options by funds: $58.8M
37% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 92
7% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 30
1.03% less ownership
Funds ownership: 39.81% → 38.78% (-1%)
2% less funds holding
Funds holding: 381 → 372 (-9)
9% less capital invested
Capital invested by funds: $5.13B → $4.65B (-$475M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$34.5M |
| 2 |
AA
ALPS Advisors
Denver,
Colorado
|
+$29.8M |
| 3 |
Morgan Stanley
New York
|
+$20.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$19.4M |
| 5 |
HF
HRT Financial
New York
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$110M |
| 2 |
Blackstone Inc
New York
|
-$39.8M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$37M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$36M |
| 5 |
Goldman Sachs
New York
|
-$20.6M |
PAA Hedge Fund Activity: Q3 2025 in Review
372 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Plains All American Pipeline (PAA) for Q3 2025, worth a combined $4.65B — down 9.3% from $5.13B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PAA and 28 opened new positions — a net loss of 2 holders — while 92 trimmed existing stakes and 126 added.
The largest buyer was W.R. Berkley Corp, opening a new position worth an estimated $34.5M. The largest seller was Brookfield Corp, cutting an estimated $110M.
- 372 institutional investors held Plains All American Pipeline (PAA) as of Q3 2025, down from 381 in Q2 2025.
- Funds reported $4.65B of Plains All American Pipeline stock for Q3 2025, down 9.3% quarter-over-quarter.
- 28 funds opened new Plains All American Pipeline positions in Q3 2025 and 30 closed out, a net change of -2 holders.
- The largest Plains All American Pipeline buyer in Q3 2025 was W.R. Berkley Corp, an estimated $34.5M added.
- The largest Plains All American Pipeline seller in Q3 2025 was Brookfield Corp, an estimated $110M sold.
Based on aggregated 13F filings for Q3 2025.