Plains GP Holdings
PAGP
220 hedge funds and large institutions have $907M invested in Plains GP Holdings in 2020 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 88 increasing their positions, 75 reducing their positions, and 37 closing their positions.
218% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $5.39M
17% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 75
0.09% less ownership
Funds ownership: 80.89% → 80.8% (-0.09%)
6% less funds holding
Funds holding: 235 → 220 (-15)
32% less capital invested
Capital invested by funds: $1.32B → $907M (-$418M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$40M |
| 2 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$16.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$12.6M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$10M |
| 5 |
Renaissance Technologies
New York
|
+$8.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$21.9M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$18.9M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$14.5M |
| 4 |
Millennium Management
New York
|
-$14.3M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$12.8M |
PAGP Hedge Fund Activity: Q3 2020 in Review
220 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Plains GP Holdings (PAGP) for Q3 2020, worth a combined $907M — down 32% from $1.32B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PAGP and 23 opened new positions — a net loss of 14 holders — while 75 trimmed existing stakes and 88 added.
The largest buyer was Massachusetts Financial Services, adding an estimated $40M. The largest seller was Energy Income Partners, cutting an estimated $21.9M.
- 220 institutional investors held Plains GP Holdings (PAGP) as of Q3 2020, down from 235 in Q2 2020.
- Funds reported $907M of Plains GP Holdings stock for Q3 2020, down 32% quarter-over-quarter.
- 23 funds opened new Plains GP Holdings positions in Q3 2020 and 37 closed out, a net change of -14 holders.
- The largest Plains GP Holdings buyer in Q3 2020 was Massachusetts Financial Services, an estimated $40M added.
- The largest Plains GP Holdings seller in Q3 2020 was Energy Income Partners, an estimated $21.9M sold.
Based on aggregated 13F filings for Q3 2020.