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Plains All American Pipeline
PAA

381 hedge funds and large institutions have $5.13B invested in Plains All American Pipeline in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 140 increasing their positions, 76 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

178% more call options, than puts

Call options by funds: $213M | Put options by funds: $76.6M

84% more repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 76

11% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 36

0% more funds holding

Funds holding: 381 → 381 (0)

0.23% less ownership

Funds ownership: 40.04% → 39.81% (-0.23%)

9% less capital invested

Capital invested by funds: $5.61B → $5.13B (-$484M)

22% less funds holding in top 10

Funds holding in top 10: 9 → 7 (-2)

Holders
381
Holders Change
–
Holders Change %
0%
% of All Funds
5.02%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.09%
New
40
Increased
140
Reduced
76
Closed
36
Calls
$213M
Puts
$76.6M
Net Calls
+$136M
Net Calls Change
+$23.2M

Top Buyers

Rank Fund Capital Flow
1
AA
ALPS Advisors
Colorado
+$94.7M
2
ICA
Infrastructure Capital Advisors
New York
+$55.7M
3
Invesco
Invesco
Georgia
+$52.4M
4
UBS Group
UBS Group
Switzerland
+$39.1M
5
Bank of America
Bank of America
North Carolina
+$20.8M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$77.5M
2
Goldman Sachs
Goldman Sachs
New York
-$52M
3
TCA
Tortoise Capital Advisors
Kansas
-$52M
4
Pathstone Holdings
Pathstone Holdings
New Jersey
-$30.9M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$15.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
76
Bank of New York Mellon
New York
$2.95M +$227K +13,021 +9%
VanEck Associates
77
VanEck Associates
New York
$2.92M +$245K +14,055 +10%
RA
78
RR Advisors
Texas
$2.91M – – –
PNC Financial Services Group
79
PNC Financial Services Group
Pennsylvania
$2.86M – – –
CCM
80
Callodine Capital Management
Massachusetts
$2.75M – – –
MNA
81
Manning & Napier Advisors
New York
$2.75M – – –
NIM
82
NXG Investment Management
Texas
$2.66M -$677K -38,805 -21%
Neuberger Berman Group
83
Neuberger Berman Group
New York
$2.63M +$90.6K +5,191 +4%
DAC
84
Dividend Assets Capital
South Carolina
$2.62M +$216K +12,403 +10%
RE
85
Rydar Equities
Texas
$2.61M +$2.49M +142,482 New
BIM
86
Bridges Investment Management
Nebraska
$2.51M – – –
Commonwealth Equity Services
87
Commonwealth Equity Services
Massachusetts
$2.45M -$17.6K -1,010 -0.7%
PEAK6
88
PEAK6
Illinois
$2.42M +$2.3M +131,869 New
FSA
89
Fort Sheridan Advisors
Illinois
$2.27M – – –
US Bancorp
90
US Bancorp
Minnesota
$2.26M -$55K -3,150 -2%
CAM
91
Cresset Asset Management
Illinois
$2.12M +$738K +42,300 +58%
OA
92
Oxbow Advisors
Texas
$2.09M -$69.8K -4,000 -3%
SI
93
Stephens Inc
Arkansas
$2.05M +$318K +18,247 +20%
NA
94
NewEdge Advisors
Louisiana
$2.04M +$1.72M +98,286 +757%
IWA
95
Icon Wealth Advisors
Texas
$2.03M +$5.85K +335 +0.3%
KAS
96
Kestra Advisory Services
Texas
$2.01M +$276K +15,825 +17%
Janney Montgomery Scott
97
Janney Montgomery Scott
Pennsylvania
$1.93M +$59.3K +3,400 +3%
Cerity Partners
98
Cerity Partners
New York
$1.92M -$182K -10,410 -9%
WAAG
99
Wealth Alliance Advisory Group
Kansas
$1.9M +$182K +10,439 +11%
BF
100
BOK Financial
Oklahoma
$1.85M -$16.4K -940 -0.9%
2 3
4
5 6

PAA Hedge Fund Activity: Q2 2025 in Review

381 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Plains All American Pipeline (PAA) for Q2 2025, worth a combined $5.13B — down 8.6% from $5.61B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new PAA positions and 36 closed out — a net gain of 4 holders — while 140 added to existing stakes and 76 trimmed.

The largest buyer was ALPS Advisors, adding an estimated $94.7M. The largest seller was Morgan Stanley, cutting an estimated $77.5M.

  • 381 institutional investors held Plains All American Pipeline (PAA) as of Q2 2025, unchanged from Q1 2025.
  • Funds reported $5.13B of Plains All American Pipeline stock for Q2 2025, down 8.6% quarter-over-quarter.
  • 40 funds opened new Plains All American Pipeline positions in Q2 2025 and 36 closed out, a net change of +4 holders.
  • The largest Plains All American Pipeline buyer in Q2 2025 was ALPS Advisors, an estimated $94.7M added.
  • The largest Plains All American Pipeline seller in Q2 2025 was Morgan Stanley, an estimated $77.5M sold.

Based on aggregated 13F filings for Q2 2025.