Plains GP Holdings
PAGP
240 hedge funds and large institutions have $851M invested in Plains GP Holdings in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 94 increasing their positions, 74 reducing their positions, and 65 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 74
1.61% less ownership
Funds ownership: 84.98% → 83.37% (-1.6%)
9% less funds holding
Funds holding: 263 → 240 (-23)
29% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 65
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
62% less call options, than puts
Call options by funds: $2.61M | Put options by funds: $6.83M
71% less capital invested
Capital invested by funds: $2.92B → $851M (-$2.07B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$53.3M |
| 2 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$47.6M |
| 3 |
RA
RR Advisors
Dallas,
Texas
|
+$45.9M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$35.6M |
| 5 |
TC
Tetrad Corporation
Omaha,
Nebraska
|
+$28.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
-$44.6M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$34.7M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$32.5M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$30.7M |
| 5 |
Millennium Management
New York
|
-$28.1M |
PAGP Hedge Fund Activity: Q1 2020 in Review
240 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q1 2020, worth a combined $851M — down 71% from $2.92B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of PAGP and 46 opened new positions — a net loss of 19 holders — while 74 trimmed existing stakes and 94 added.
The largest buyer was CI Investments Inc, adding an estimated $53.3M. The largest seller was APG Asset Management, cutting an estimated $44.6M.
- 240 institutional investors held Plains GP Holdings (PAGP) as of Q1 2020, down from 263 in Q4 2019.
- Funds reported $851M of Plains GP Holdings stock for Q1 2020, down 71% quarter-over-quarter.
- 46 funds opened new Plains GP Holdings positions in Q1 2020 and 65 closed out, a net change of -19 holders.
- The largest Plains GP Holdings buyer in Q1 2020 was CI Investments Inc, an estimated $53.3M added.
- The largest Plains GP Holdings seller in Q1 2020 was APG Asset Management, an estimated $44.6M sold.
Based on aggregated 13F filings for Q1 2020.