Plains GP Holdings
PAGP
249 hedge funds and large institutions have $1.76B invested in Plains GP Holdings in 2016 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 88 increasing their positions, 69 reducing their positions, and 34 closing their positions.
71% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 34
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
55% more call options, than puts
Call options by funds: $22.7M | Put options by funds: $14.7M
28% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 69
10% more funds holding
Funds holding: 226 → 249 (+23)
5.43% less ownership
Funds ownership: 34.17% → 28.74% (-5.4%)
9% less capital invested
Capital invested by funds: $1.95B → $1.76B (-$185M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$108M |
| 2 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
+$52.1M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$34.4M |
| 4 |
Goldman Sachs
New York
|
+$26M |
| 5 |
ClearBridge Investments
New York
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$154M |
| 2 |
SCP
Soroban Capital Partners
New York
|
-$67.1M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$43M |
| 4 |
Morgan Stanley
New York
|
-$34.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$27.7M |
PAGP Hedge Fund Activity: Q1 2016 in Review
249 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q1 2016, worth a combined $1.76B — down 9.5% from $1.95B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new PAGP positions and 34 closed out — a net gain of 24 holders — while 88 added to existing stakes and 69 trimmed.
The largest buyer was Tortoise Capital Advisors, adding an estimated $108M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $154M sold.
- 249 institutional investors held Plains GP Holdings (PAGP) as of Q1 2016, up from 226 in Q4 2015.
- Funds reported $1.76B of Plains GP Holdings stock for Q1 2016, down 9.5% quarter-over-quarter.
- 58 funds opened new Plains GP Holdings positions in Q1 2016 and 34 closed out, a net change of +24 holders.
- The largest Plains GP Holdings buyer in Q1 2016 was Tortoise Capital Advisors, an estimated $108M added.
- The largest Plains GP Holdings seller in Q1 2016 was Waddell & Reed Financial, an estimated $154M sold.
Based on aggregated 13F filings for Q1 2016.