Plains GP Holdings
PAGP
241 hedge funds and large institutions have $2.73B invested in Plains GP Holdings in 2016 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 110 increasing their positions, 67 reducing their positions, and 37 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 67
60% more call options, than puts
Call options by funds: $30.9M | Put options by funds: $19.3M
27% more capital invested
Capital invested by funds: $2.15B → $2.73B (+$576M)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
0.45% more ownership
Funds ownership: 29.03% → 29.48% (+0.45%)
4% less funds holding
Funds holding: 251 → 241 (-10)
19% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MHI
Miller Howard Investments
Kingston,
New York
|
+$46.7M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$38.8M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$32M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$30M |
| 5 |
Goldman Sachs
New York
|
+$27.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$75.2M |
| 2 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$56.6M |
| 3 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
-$48.8M |
| 4 |
JP Morgan Chase
New York
|
-$46.3M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$38.7M |
PAGP Hedge Fund Activity: Q3 2016 in Review
241 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q3 2016, worth a combined $2.73B — up 27% from $2.15B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PAGP and 30 opened new positions — a net loss of 7 holders — while 67 trimmed existing stakes and 110 added.
The largest buyer was Miller Howard Investments, adding an estimated $46.7M. The largest seller was Tortoise Capital Advisors, cutting an estimated $75.2M.
- 241 institutional investors held Plains GP Holdings (PAGP) as of Q3 2016, down from 251 in Q2 2016.
- Funds reported $2.73B of Plains GP Holdings stock for Q3 2016, up 27% quarter-over-quarter.
- 30 funds opened new Plains GP Holdings positions in Q3 2016 and 37 closed out, a net change of -7 holders.
- The largest Plains GP Holdings buyer in Q3 2016 was Miller Howard Investments, an estimated $46.7M added.
- The largest Plains GP Holdings seller in Q3 2016 was Tortoise Capital Advisors, an estimated $75.2M sold.
Based on aggregated 13F filings for Q3 2016.