Plains GP Holdings
PAGP
238 hedge funds and large institutions have $3.33B invested in Plains GP Holdings in 2017 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 105 increasing their positions, 65 reducing their positions, and 41 closing their positions.
98% more call options, than puts
Call options by funds: $55.3M | Put options by funds: $28M
62% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 65
1.63% less ownership
Funds ownership: 84.81% → 83.17% (-1.6%)
7% less funds holding
Funds holding: 255 → 238 (-17)
17% less capital invested
Capital invested by funds: $4.02B → $3.33B (-$689M)
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
32% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$82.8M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$38.2M |
| 3 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$37.1M |
| 4 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$22.4M |
| 5 |
Goldman Sachs
New York
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$91.8M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$57.6M |
| 3 |
ZP
Zimmer Partners
New York
|
-$31.8M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$31.6M |
| 5 |
HHC
Hutchin Hill Capital
New York
|
-$27.1M |
PAGP Hedge Fund Activity: Q2 2017 in Review
238 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q2 2017, worth a combined $3.33B — down 17% from $4.02B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PAGP and 28 opened new positions — a net loss of 13 holders — while 65 trimmed existing stakes and 105 added.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $82.8M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $91.8M sold.
- 238 institutional investors held Plains GP Holdings (PAGP) as of Q2 2017, down from 255 in Q1 2017.
- Funds reported $3.33B of Plains GP Holdings stock for Q2 2017, down 17% quarter-over-quarter.
- 28 funds opened new Plains GP Holdings positions in Q2 2017 and 41 closed out, a net change of -13 holders.
- The largest Plains GP Holdings buyer in Q2 2017 was Point72 Asset Management, an estimated $82.8M added.
- The largest Plains GP Holdings seller in Q2 2017 was Iridian Asset Management, an estimated $91.8M sold.
Based on aggregated 13F filings for Q2 2017.