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Plains All American Pipeline (PAA): which funds own it

Energy →Data as of Jun 30, 2026 (Q2 2026) · updated on Nov 5, 2026

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

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Sections with a free account

9 concentrated managers hold it (−1 vs last quarter); combined they have held more shares for 3 quarters in a row (4 added, 1 trimmed). Its median weight in those portfolios is 2.1%.

Who owns Plains All American Pipeline?

Holders that filed a Schedule 13D or 13G with the SEC for owning more than 5% of the shares: Alps Advisors (13G/A filed Oct 7, 2026). As of Jun 30, 2026, the largest holders reported on Form 13F were Alps Advisors (70.5 million shares), Invesco (33.3 million shares) and Blackstone (20.2 million shares).

Which institutions hold the most Plains All American Pipeline shares?

Per Form 13F filings as of Jun 30, 2026:

  1. 1. Alps Advisors: 70.5 million shares
  2. 2. Invesco: 33.3 million shares
  3. 3. Blackstone: 20.2 million shares
  4. 4. Mirae Asset Global Etfs Holdings: 17.7 million shares
  5. 5. Goldman Sachs Group: 16.0 million shares
  6. 6. Tortoise Capital Advisors, L.l.c: 13.6 million shares
  7. 7. Morgan Stanley: 10.9 million shares
  8. 8. UBS Group: 10.6 million shares
  9. 9. Kayne Anderson Capital Advisors: 6.2 million shares
  10. 10. JPMorgan Chase: 5.0 million shares

Sources:13G/A by Alps Advisors (Oct 7, 2026) ↗All of the company's proxy statements on EDGAR ↗

We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

Plains All American Pipeline revenue

Plains All American Pipeline reported annual revenue of $44.26 billion for fiscal year 2025 (year ended December 31, 2025), according to its Form 10-K filed with the SEC (XBRL data).

Concentrated managers
9
All 13F: 423
Consensus
59/100
across 9 concentrated managersRanks by accumulation, portfolio weight and number of managers; it does not say more are buying than selling.
Price at Jun 30, 2026 (per 13F)
$22.26
-0.3% in the quarter · reported value ÷ shares, not the quote · See current quote ↗

Quarter flow (concentrated managers)

Change in managers (10 → 9): 0 opened · 1 exited = −1

Net flow in the quarter: +$60.2M (+2.7 M shares) · bought $65.5M and sold $5.3MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

Accumulation: combined they have held more shares for 3 quarters in a row (4 added, 1 trimmed). It is the combined share count of those still holding it: one large buyer can outweigh many who trimmed.

The set of concentrated managers changed between quarters: with the set as it was then, 9 held it last quarter (the chart point); with today's set, 10 (the base for the change).

Concentrated managers holding it

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Other relevant holders

Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.

  • BlackstonePrivate equity or venture capital$449M1.2%

Largest holders of PAA (all 13F filers)

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Fundamentals

12-month figures to Jun 30, 2026 · balance sheet as of Jun 30, 2026.

Profitability
Operating margin
3.1%
Net margin
5.3%
ROE
25.0%
Growth
Revenue (TTM)
$52.3 bn
Revenue growth
12.2%
Net income (TTM)
$2.8 bn
Balance sheet
Net debt / EBITDA
2.8x
Free cash flow (TTM)
$2.4 bn
Quality vs sector
46/100

Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated

Earnings quality and debt

40.7% of net income does not come from operations.

Operating cash flow ÷ net income (12 months)
1.08
Interest coverage (operating income ÷ interest)
2.6 timesfiscal 2025
Debt due within 12 months
$9.0M0.01 times cash and investments
Debt maturities by year (note as of Dec 31, 2025)
  • Year 1$750M
  • Year 2$0
  • Year 3$0
  • Year 4$1.0 bn
  • Year 5$750M
  • Later$6.7 bn

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Insiders (Form 4)

Officers and directors who bought (6 m)
0
Amount (6 m)
$0
CEO/CFO bought (12 m)
No

10% owners who bought (6 m): 0

Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.

Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →

Above 5% (13D/13G)

Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.

This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

Flagged material events (8-K)

  • Sep 29, 2026Routinefiling ↗

    Change in directors or officers (Item 5.02)

    «Plains All American Pipeline and Plains GP Holdings Announce Appointment of New Chief Operating Officer»

  • Jun 2, 2026Routinefiling ↗

    Change in directors or officers (Item 5.02)

  • May 13, 2026Routinefiling ↗

    Change in directors or officers (Item 5.02)

    «Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member»

Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.

All material events (8-K)

Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.

Other Energy stocks in managers' portfolios

Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.

All of Energy →

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