Plains All American Pipeline
PAA
378 hedge funds and large institutions have $6.7B invested in Plains All American Pipeline in 2017 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 108 increasing their positions, 147 reducing their positions, and 62 closing their positions.
340% more call options, than puts
Call options by funds: $264M | Put options by funds: $59.9M
1.37% more ownership
Funds ownership: 42.24% → 43.61% (+1.4%)
7% less funds holding
Funds holding: 407 → 378 (-29)
17% less capital invested
Capital invested by funds: $8.04B → $6.7B (-$1.34B)
19% less funds holding in top 10
Funds holding in top 10: 21 → 17 (-4)
27% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 147
40% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$247M |
| 2 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$134M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$77.4M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
+$72.4M |
| 5 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$53.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$80.5M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$61.2M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$60.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$59.4M |
| 5 |
Renaissance Technologies
New York
|
-$50.5M |
PAA Hedge Fund Activity: Q3 2017 in Review
378 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Plains All American Pipeline (PAA) for Q3 2017, worth a combined $6.7B — down 17% from $8.04B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of PAA and 37 opened new positions — a net loss of 25 holders — while 147 trimmed existing stakes and 108 added.
The largest buyer was Franklin Resources, opening a new position worth an estimated $247M. The largest seller was Creative Planning, cutting an estimated $80.5M.
- 378 institutional investors held Plains All American Pipeline (PAA) as of Q3 2017, down from 407 in Q2 2017.
- Funds reported $6.7B of Plains All American Pipeline stock for Q3 2017, down 17% quarter-over-quarter.
- 37 funds opened new Plains All American Pipeline positions in Q3 2017 and 62 closed out, a net change of -25 holders.
- The largest Plains All American Pipeline buyer in Q3 2017 was Franklin Resources, an estimated $247M added.
- The largest Plains All American Pipeline seller in Q3 2017 was Creative Planning, an estimated $80.5M sold.
Based on aggregated 13F filings for Q3 2017.