Plains GP Holdings
PAGP
235 hedge funds and large institutions have $1.32B invested in Plains GP Holdings in 2020 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 88 increasing their positions, 73 reducing their positions, and 41 closing their positions.
56% more capital invested
Capital invested by funds: $851M → $1.32B (+$474M)
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
21% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 73
3% less call options, than puts
Call options by funds: $8.45M | Put options by funds: $8.72M
5% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 41
2% less funds holding
Funds holding: 240 → 235 (-5)
2.48% less ownership
Funds ownership: 83.37% → 80.89% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$60.7M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$39.8M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$13.3M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$12.6M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$38.9M |
| 2 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$33M |
| 3 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$17.2M |
| 4 |
RA
RR Advisors
Dallas,
Texas
|
-$16.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$15M |
PAGP Hedge Fund Activity: Q2 2020 in Review
235 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q2 2020, worth a combined $1.32B — up 56% from $851M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PAGP and 39 opened new positions — a net loss of 2 holders — while 73 trimmed existing stakes and 88 added.
The largest buyer was Tortoise Capital Advisors, adding an estimated $60.7M. The largest seller was CIBC Private Wealth Group, cutting an estimated $38.9M.
- 235 institutional investors held Plains GP Holdings (PAGP) as of Q2 2020, down from 240 in Q1 2020.
- Funds reported $1.32B of Plains GP Holdings stock for Q2 2020, up 56% quarter-over-quarter.
- 39 funds opened new Plains GP Holdings positions in Q2 2020 and 41 closed out, a net change of -2 holders.
- The largest Plains GP Holdings buyer in Q2 2020 was Tortoise Capital Advisors, an estimated $60.7M added.
- The largest Plains GP Holdings seller in Q2 2020 was CIBC Private Wealth Group, an estimated $38.9M sold.
Based on aggregated 13F filings for Q2 2020.