Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Plains All Amern Pipeline L (PAA)

406 + 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
↑ +36
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — PAA

Based on 409 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
409 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 — +7% more funds vs a year ago

fund count last 6Q
+27 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

187 buying131 selling
Last quarter: 187 funds bought or added vs 131 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.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new PAA position: 35 → 31 → 40 → 59. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 15% new
271 out of 409 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.
💰

Value +23% but shares only +1% — price-driven

Value
+23%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +23%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

52 → 35 → 31 → 40 → 59 new funds/Q
New funds entering each quarter: 35 → 31 → 40 → 59. A growing number of institutions are discovering PAA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 11% 1-2yr ■ 20% new
Of 418 current holders: 287 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
34 of 409 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 Q1, 187 hedge funds were net buyers of PAA (59 opened a new position, 128 added to an existing one), while 131 reduced or exited (108 trimmed, 23 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 35% of total institutional value in PAA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +36 funds (more new holders than closures). Total institutional holders: 409.

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.

Is It Too Late to Buy Plains All Amern Pipeline L (PAA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PAA has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
PAA
-1.7%
XLE
+60794.4%

PAA outperformed XLE by -60796.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
PAA
-4.2%
XLE
+49722.7%

Since the filing became public, PAA outperformed XLE by -49726.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 9 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
5.7
/ 10
conviction
Hedge Fund Positioning: PAA
406 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 406 373 8.85%
13F Shares 292M 288M 1.38%
Total Value $6.37B $5.17B 23.28%
New Positions 59 40 +19
Increased Positions 125 130 -5
Closed Positions 26 37 -11
Reduced Positions 104 91 +13
Total Calls 6 5 20.0%
Total Puts 5 5 -
PUT/CALL Ratio 0.83 1.0 Neutral

Statistics: PAA

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

406 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fractal Investments LLC 9.58% 3,625,784 $81.0M
2 Alps Advisors Inc 7.68% 73,107,070 $1.63B
3 Walnut Private Equity Partners, LLC 7.42% 602,300 $13.4M
4 Longfellow Investment Management Co LLC 5.73% 1,230,349 $27.5M
5 Infrastructure Capital Advisors, LLC 4.81% 3,089,992 $69.0M
6 American Financial Group Inc 3.42% 412,500 $9.2M
7 Berkley W R Corp 3.22% 2,684,307 $59.9M
8 Kayne Anderson Capital Advisors LP 2.65% 6,200,636 $138.5M
9 Tortoise Capital Advisors, L.L.C. 2.51% 10,792,532 $241.0M
10 Sovereign Investment Advisors, LLC 2.50% 528,931 $11.8M
11 Adams Asset Advisors, LLC 2.06% 823,061 $18.4M
12 GraniteShares Advisors LLC 2.04% 126,670 $2.8M
13 Rydar Equities, Inc. 1.88% 108,742 $2.4M
14 Eagle Global Advisors LLC 1.82% 2,265,985 $50.6M
15 Miller Howard Investments Inc /Ny 1.71% 2,801,601 $62.6M
16 ELCO Management Co., LLC 1.71% 159,567 $3.6M
17 Blackstone Inc. 1.63% 18,740,802 $418.5M
18 Corps Capital Advisors, LLC 1.28% 66,118 $1.5M
19 Mountain Lake Investment Management LLC 1.24% 86,237 $1.9M
20 Aster Capital Management (DIFC) Ltd 1.15% 175,260 $3.5M
21 Wealthstar Advisors, LLC 1.08% 103,580 $2.3M
22 Clarus Group, Inc. 0.89% 111,025 $2.5M
23 Nicholas Wealth, LLC. 0.88% 56,975 $1.3M
24 Spirit of America Management Corp/Ny 0.80% 182,300 $4.1M
25 Chung Wu Investment Group, LLC 0.76% 39,479 $882K
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 — 2 quarters in a row: For 2 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 — 59% buying: Last quarter: 187 funds bought or added vs 131 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 — 35% AUM from major funds: 34 of 409 holders rank in the top 100 by AUM, accounting for 35% 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?

66% of holders stayed for 2+ years: 271 out of 409 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.

Is it too late to buy Plains All Amern Pipeline L (PAA) following the 2026 Q1 hedge fund 13F filings?

As of today, PAA has moved -4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +49722.7% for the XLE sector ETF — an outperformance of -49726.9%. Since the quarter end (March 31, 2026), PAA has gained -1.7% vs +60794.4% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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