Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PLAINS ALL AMERN PIPELINE L (PAA)

360 + 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
↑ +2
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — PAA

Based on 353 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 (97% of max)

97% of all-time peak
353 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PAA is almost the same as a year ago (-4 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

166 buying124 selling
Last quarter: 166 funds bought or added vs 124 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 (+10 vs last Q)

new funds entering per quarter
Funds opening a new PAA position: 50 → 32 → 27 → 37. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 19% medium ■ 12% new
243 out of 353 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.
📊

Peak discovery — momentum slowing

39 → 50 → 32 → 27 → 37 new funds/Q
New funds entering each quarter: 50 → 32 → 27 → 37. PAA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 11% 1-2yr ■ 18% new
Of 360 current holders: 253 (70%) 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 — 32% AUM from major funds

32% from top-100 AUM funds
24 of 353 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

43 top-rated funds 6 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: PAA
2026 Q1 Stats Unlock in 22 days 360 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 360 363 -0.83%
13F Shares 287M 281M 2.22%
Total Value $5.16B $4.80B 7.57%
New Positions 37 27 +10
Increased Positions 137 135 +2
Closed Positions 37 35 +2
Reduced Positions 102 110 -8
Total Calls 5 8 -37.5%
Total Puts 5 8 -37.5%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: PAA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Institutional Holders (2026 Q1)

360 + investors

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

Top 25 institutional holders of PAA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fractal Investments LLC 9.58% 3,625,784 $81.0M
2 WALNUT PRIVATE EQUITY PARTNERS, LLC 7.42% 602,300 $13.4M
3 CHICKASAW CAPITAL MANAGEMENT LLC 2.09% 2,653,685 $59K
4 Adams Asset Advisors, LLC 2.06% 823,061 $18.4M
5 GraniteShares Advisors LLC 2.04% 126,670 $2.8M
6 Rydar Equities, Inc. 1.88% 108,742 $2.4M
7 MILLER HOWARD INVESTMENTS INC /NY 1.71% 2,801,601 $62.6M
8 ELCO Management Co., LLC 1.71% 159,567 $3.6M
9 Wealthstar Advisors, LLC 1.08% 103,580 $2.3M
10 Clarus Group, Inc. 0.89% 111,025 $2.5M
11 Nicholas Wealth, LLC. 0.88% 56,975 $1.3M
12 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.80% 182,300 $4.1M
13 Prospect Financial Services LLC 0.69% 50,947 $1.1M
14 Gilman Hill Asset Management, LLC 0.61% 181,615 $4.1M
15 Sippican Capital Advisors 0.50% 32,800 $732K
16 Wealth Alliance Advisory Group, LLC 0.39% 109,858 $2.5M
17 FORTEM FINANCIAL GROUP, LLC 0.37% 66,211 $1.5M
18 Cohen Capital Management, Inc. 0.33% 95,397 $2.1M
19 HENNESSY ADVISORS INC 0.33% 403,256 $9.0M
20 Atala Financial Inc 0.31% 21,349 $466K
21 R.H. Dinel Investment Counsel, Inc. 0.31% 17,000 $380K
22 HENGEHOLD CAPITAL MANAGEMENT LLC 0.21% 109,691 $2.4M
23 U.S. Capital Wealth Advisors, LLC 0.21% 379,437 $8.5M
24 Clear Trail Advisors, LLC 0.21% 57,047 $1.3M
25 Oxbow Advisors, LLC 0.21% 111,202 $2.5M
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 57% buying: Last quarter: 166 funds bought or added vs 124 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 — 32% AUM from major funds: 24 of 353 holders rank in the top 100 by AUM, accounting for 32% 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?

69% of holders stayed for 2+ years: 243 out of 353 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.