Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in PAA held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ALPS ADVISORS INC | 73.1M | $1.63B | -3.9% | 10.362% | 7.68% |
| 2 | Invesco Ltd. | 33.4M | $745.5M | -0.4% | 4.732% | 0.11% |
| 3 | Blackstone Inc | 18.7M | $418.5M | +41.0% | 2.656% | 1.73% |
| 4 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 17.1M | $380.8M | +4.7% | 2.417% | 0.52% |
| 5 | GOLDMAN SACHS GROUP INC | 16.5M | $369.4M | -17.5% | 2.344% | 0.04% |
| 6 | MORGAN STANLEY | 11.4M | $254.6M | +15.4% | 1.616% | 0.02% |
| 7 | TORTOISE CAPITAL ADVISORS, L.L.C. | 10.8M | $241.0M | +13.1% | 1.530% | 2.51% |
| 8 | UBS Group AG | 8.8M | $195.8M | +12.7% | 1.243% | 0.03% |
| 9 | KAYNE ANDERSON CAPITAL ADVISORS LP | 6.2M | $138.5M | +21.1% | 0.879% | 2.65% |
| 10 | BANK OF AMERICA CORP /DE/ | 4.9M | $109.5M | -8.5% | 0.695% | 0.01% |
| 11 | CIBC Bancorp USA Inc. | 3.8M | $84.0M | — | 0.533% | 0.11% |
| 12 | BROOKFIELD ASSET MANAGEMENT INC. | 3.7M | $82.4M | +428.2% | 0.523% | 0.11% |
| 13 | Fractal Investments LLC | 3.6M | $81.0M | 0.0% | 0.514% | 9.58% |
| 14 | BNP PARIBAS ARBITRAGE, SA | 3.3M | $80.4M | +98.1% | 0.473% | 0.04% |
| 15 | INFRASTRUCTURE CAPITAL ADVISORS, LLC | 3.1M | $69.0M | +4.4% | 0.438% | 6.53% |
| 16 | MILLER HOWARD INVESTMENTS INC /NY | 2.8M | $62.6M | -1.8% | 0.397% | 1.71% |
| 17 | BERKLEY W R CORP | 2.7M | $59.9M | 0.0% | 0.381% | 3.22% |
| 18 | Clearbridge Investments, LLC | 2.7M | $59.6M | 0.0% | 0.379% | 0.05% |
| 19 | BARCLAYS PLC | 2.3M | $52.1M | -6.8% | 0.331% | 0.02% |
| 20 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.3M | $51.1M | -16.8% | 0.324% | 0.01% |
| 21 | EAGLE GLOBAL ADVISORS LLC | 2.3M | $50.6M | -37.6% | 0.321% | 1.82% |
| 22 | DEUTSCHE BANK AG\ | 1.9M | $42.1M | 0.0% | 0.267% | 0.01% |
| 23 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.8M | $39.7M | -18.4% | 0.252% | 0.41% |
| 24 | FAYEZ SAROFIM & CO | 1.7M | $37.0M | 0.0% | 0.235% | 0.09% |
| 25 | WESTWOOD HOLDINGS GROUP INC | 1.5M | $34.3M | +2178.2% | 0.218% | 0.25% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PAA — a direct measure of their conviction.
Filings activity in PAA during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 401 | +9.0% | 38.36% | +7.14 pp | $6.07B | +23% |
| Q4 2025 | 368 | +1.1% | 31.22% | +1.70 pp | $4.94B | +5.8% |
| Q3 2025 | 364 | 2.9% | 29.52% | 170.47 pp | $4.67B | 86% |
| Q2 2025 | 375 | +0.8% | 199.99% | +165.56 pp | $33.98B | +523% |
| Q1 2025 | 372 | +0.0% | 34.43% | +3.33 pp | $5.45B | +11% |
| Q4 2024 | 372 | +4.2% | 31.10% | +0.32 pp | $4.92B | +1.1% |
| Q3 2024 | 357 | +2.6% | 30.78% | 0.94 pp | $4.87B | 3.0% |
| Q2 2024 | 348 | — | 31.72% | — | $5.02B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PAA stock.
Based on Q1 2026 13F filings, institutional ownership of Plains All American Pipeline, L.P. stands at 38.4%, held across 401 reporting institutions.
ALPS ADVISORS INC is the largest reported institutional holder of PAA, with approximately 73,107,070 shares worth $1.63B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of PAA, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for PAA is 68 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
62 institutions opened new positions in PAA during Q1 2026, while 29 fully exited. 312 added to existing positions and 26 trimmed.
PAA institutional ownership rose by 7.14 percentage points quarter-over-quarter, with a net change of +33 holders.
The top 10 institutions account for 73.9% of all reported 13F value in PAA, and the top 25 account for 88.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Plains All American Pipeline, L.P. (PAA) Institutional Ownership