Plains GP Holdings
PAGP
263 hedge funds and large institutions have $2.92B invested in Plains GP Holdings in 2019 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 75 increasing their positions, 107 reducing their positions, and 72 closing their positions.
102% more call options, than puts
Call options by funds: $26.1M | Put options by funds: $12.9M
7% less funds holding
Funds holding: 282 → 263 (-19)
9.16% less ownership
Funds ownership: 94.15% → 84.98% (-9.2%)
12% less capital invested
Capital invested by funds: $3.33B → $2.92B (-$409M)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
24% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 72
30% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$55.6M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$55.3M |
| 3 |
D.E. Shaw & Co
New York
|
+$44.4M |
| 4 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$34.2M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$32.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$69M |
| 2 |
State Street
Boston,
Massachusetts
|
-$62.3M |
| 3 |
Rockefeller Capital Management
New York
|
-$43.7M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$28.8M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$21.9M |
PAGP Hedge Fund Activity: Q4 2019 in Review
263 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q4 2019, worth a combined $2.92B — down 12% from $3.33B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of PAGP and 55 opened new positions — a net loss of 17 holders — while 107 trimmed existing stakes and 75 added.
The largest buyer was Millennium Management, adding an estimated $55.6M. The largest seller was Canyon Capital Advisors, exiting entirely with an estimated $69M sold.
- 263 institutional investors held Plains GP Holdings (PAGP) as of Q4 2019, down from 282 in Q3 2019.
- Funds reported $2.92B of Plains GP Holdings stock for Q4 2019, down 12% quarter-over-quarter.
- 55 funds opened new Plains GP Holdings positions in Q4 2019 and 72 closed out, a net change of -17 holders.
- The largest Plains GP Holdings buyer in Q4 2019 was Millennium Management, an estimated $55.6M added.
- The largest Plains GP Holdings seller in Q4 2019 was Canyon Capital Advisors, an estimated $69M sold.
Based on aggregated 13F filings for Q4 2019.