Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Plains All Amern Pipeline L (PAA)

416 + Investors. Track Smart Money conviction in PAA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
3Q ▲
Buyers last Q
55%

Smart Money Signals — PAA

Based on 424 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added PAA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
424 hedge funds hold PAA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+45 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

183 buying148 selling
Last quarter: 183 funds bought or added vs 148 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~55 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 31 → 40 → 59 → 55. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 16% medium ■ 16% new
289 out of 424 hedge funds have held PAA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

36 → 31 → 40 → 59 → 55 new funds/Q
New funds entering each quarter: 31 → 40 → 59 → 55. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 70% veterans vs 19% newcomers

■ 70% veterans ■ 12% 1-2yr ■ 19% new
Entry-cohort mix of 434 holders: 302 (70%) are 2+ year veterans, 50 entered 1–2 years ago, and 82 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
36 of 420 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PAA

In 2026 Q2, 183 hedge funds were net buyers of PAA (55 opened a new position, 128 added to an existing one), while 148 reduced or exited (107 trimmed, 41 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in PAA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 424.

Hedge Fund Ownership: PAA

How many hedge funds hold PAA — quarterly history vs. share price
Quarterly hedge fund ownership of PAA vs. share price

Market Analysis: PAA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 9 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
5.7
/ 10
conviction
Hedge Fund Positioning: PAA
416 + Investors

Track Smart Money conviction in PAA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 416 410 1.46%
13F Shares 277M 292M -5.12%
Total Value $6.03B $6.38B -5.46%
New Positions 53 59 -6
Increased Positions 122 125 -3
Closed Positions 43 23 +20
Reduced Positions 105 104 +1
Total Calls 7 6 16.67%
Total Puts 7 5 40.0%
PUT/CALL Ratio 1.0 0.83 Neutral

Statistics: PAA

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

416 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PAA. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PAA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fractal Investments LLC 9.31% 3,625,784 $80.7M
2 Alps Advisors Inc 7.36% 70,510,853 $1.57B
3 Walnut Private Equity Partners, LLC 7.25% 602,300 $13.4M
4 Longfellow Investment Management Co LLC 5.60% 1,230,349 $27.4M
5 Infrastructure Capital Advisors, LLC 3.90% 2,995,408 $66.7M
6 Berkley W R Corp 3.38% 3,184,307 $70.9M
7 American Financial Group Inc 3.29% 419,000 $9.3M
8 Tortoise Capital Advisors, L.L.C. 3.08% 13,603,422 $302.8M
9 Kayne Anderson Capital Advisors LP 2.70% 6,191,802 $137.8M
10 Sovereign Investment Advisors, LLC 2.21% 528,931 $11.8M
11 GraniteShares Advisors LLC 2.09% 145,878 $3.2M
12 Adams Asset Advisors, LLC 2.08% 823,061 $18.3M
13 Rydar Equities, Inc. 2.03% 149,464 $3.6M
14 Miller Howard Investments Inc /Ny 1.77% 2,992,424 $66.6M
15 ELCO Management Co., LLC 1.67% 174,230 $3.9M
16 Eagle Global Advisors LLC 1.62% 2,200,185 $49.0M
17 Corps Capital Advisors, LLC 1.19% 66,118 $1.5M
18 Mountain Lake Investment Management LLC 1.14% 81,960 $1.8M
19 Clarus Group, Inc. 0.84% 111,303 $2.5M
20 Spirit of America Management Corp/Ny 0.72% 171,300 $3.8M
21 Nicholas Wealth, LLC. 0.69% 56,633 $1.3M
22 Wealthstar Advisors, LLC 0.67% 103,094 $2.3M
23 Gilman Hill Asset Management, LLC 0.55% 182,065 $4.1M
24 Prospect Financial Services LLC 0.53% 46,634 $1.0M
25 Chung Wu Investment Group, LLC 0.52% 35,279 $785K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Plains All Amern Pipeline L (PAA)

What does the Smart Money Trend signal show for PAA?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added PAA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PAA?

Slight buying edge — 55% buying: Last quarter: 183 funds bought or added vs 148 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PAA holders?

Strong quality — 37% AUM from major funds: 36 of 420 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PAA?

68% of holders stayed for 2+ years: 289 out of 424 hedge funds have held PAA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →