Plains All American Pipeline LP (PAA) shareholders
PAANasdaqPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as PAAPU
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 12/3037% below fair value
$24.44+0.13 (+0.53%)
Close on Nov 13, 2026Market cap $17.24BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
289M
Shares held, 13F filers
Institutional holders
420
49 new, 30 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $51.49K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Alerian MLP ETF Joint filing with ALPS Advisors, Inc. (10.36%) | 73,107,070 | 10.36% | 13G (passive) amendment | Mar 31, 2026 |
| ALPS Advisors, Inc. Joint filing with Alerian MLP ETF (9.81%) | 69,261,580 | 9.82% | 13G (passive) amendment | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PAA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Alps Advisors Inc | 70,510,853 | – | $1.57B | −2,596,217 | 7.36% |
| Invesco Ltd. | 33,326,777 | – | $741.85M | −58,785 | 0.06% |
| Blackstone Inc. | 20,183,446 | – | $449.28M | +1,442,644 | 1.36% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 17,708,480 | – | $394.19M | +656,898 | 0.47% |
| Goldman Sachs Group Inc | 15,960,527 | – | $355.28M | −580,280 | 0.03% |
| Tortoise Capital Advisors, L.L.C. | 13,603,422 | – | $302.81M | +2,810,890 | 3.08% |
| Morgan Stanley | 10,887,631 | – | $242.36M | −513,407 | 0.01% |
| UBS Group AG | 10,572,985 | – | $235.35M | +1,804,581 | 0.03% |
| Kayne Anderson Capital Advisors LP | 6,191,802 | – | $137.83M | −8,834 | 2.70% |
| JPMorgan Chase & Co | 4,968,377 | – | $109.90M | +1,062,055 | 0.01% |
| Bank Of America Corp /De/ | 3,949,624 | – | $87.92M | −952,531 | 0.01% |
| CIBC Bancorp USA Inc. | 3,781,949 | – | $84.19M | +19,960 | 0.10% |
| Fractal Investments LLC | 3,625,784 | – | $80.71M | – | 9.31% |
| Berkley W R Corp | 3,184,307 | – | $70.88M | +500,000 | 3.26% |
| Infrastructure Capital Advisors, LLC | 2,995,408 | – | $66.68M | −94,584 | 3.90% |
| Miller Howard Investments Inc /Ny | 2,992,424 | – | $66.61M | +190,823 | 1.77% |
| Clearbridge Investments, LLC | 2,670,671 | – | $59.45M | – | 0.05% |
| Chickasaw Capital Management LLC | 2,616,369 | – | $58.24M | −37,316 | 2.09% |
| Bnp Paribas Arbitrage, Snc | 2,462,778 | – | $54.82M | −872,347 | 0.02% |
| BROOKFIELD Corp /ON/ | 2,422,915 | – | $53.93M | −1,268,520 | 0.07% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 420 | 289M | 49 / 124 | 106 / 30 | 15M | 10M |
| Q1 2026 | 411 | 285M | 58 / 125 | 104 / 18 | 27M | 17M |
| Q4 2025 | 374 | 279M | 39 / 134 | 87 / 30 | 15M | 16M |
| Q3 2025 | 372 | 280M | 28 / 124 | 94 / 30 | 19M | 19M |
| Q2 2025 | 381 | 281M | 39 / 139 | 78 / 36 | 20M | 32M |
| Q1 2025 | 382 | 293M | 48 / 119 | 91 / 37 | 23M | 31M |
| Q4 2024 | 381 | 302M | 46 / 123 | 89 / 27 | 36M | 33M |
| Q3 2024 | 370 | 299M | 37 / 127 | 78 / 18 | 17M | 14M |
| Q2 2024 | 357 | 298M | 33 / 109 | 93 / 29 | 29M | 51M |
| Q1 2024 | 359 | 321M | 44 / 104 | 92 / 32 | 28M | 14M |
| Q4 2023 | 349 | 307M | 48 / 101 | 98 / 33 | 35M | 19M |
| Q3 2023 | 338 | 295M | 38 / 104 | 87 / 21 | 28M | 25M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
42 funds held PAA in Q2 2026, 65% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of PAA | Value | % of fund | As of |
|---|---|---|---|---|---|
| Alerian MLP ETF | 73,976,676 | – | $1.66B | 13.67% | May 31, 2026 |
| Invesco SteelPath MLP Income Fund | 21,583,333 | – | $484.11M | 10.87% | May 31, 2026 |
| Global X MLP ETF | 11,241,713 | – | $252.15M | 11.99% | May 31, 2026 |
| Goldman Sachs MLP Energy Infrastructure Fund | 7,568,290 | – | $169.76M | 9.46% | May 31, 2026 |
| Global X MLP and Energy Infrastructure ETF | 6,184,407 | – | $138.72M | 3.92% | May 31, 2026 |
| Invesco SteelPath MLP Select 40 Fund | 6,134,426 | – | $137.60M | 5.90% | May 31, 2026 |
| Kayne Anderson Energy Infrastructure Fund, Inc | 5,499,846 | – | $123.36M | 4.65% | May 31, 2026 |
| Invesco SteelPath MLP Alpha Fund | 3,694,829 | – | $82.88M | 7.28% | May 31, 2026 |
| Tortoise Energy Infrastructure Total Return Fund | 3,084,857 | – | $69.19M | 1.83% | May 31, 2026 |
| InfraCap MLP ETF | 2,847,068 | – | $69.95M | 14.83% | Jul 31, 2026 |
| Invesco SteelPath MLP Alpha Plus Fund | 1,509,384 | – | $33.86M | 10.31% | May 31, 2026 |
| NEOS MLP & Energy Infrastructure High Income ETF | 770,538 | – | $17.15M | 2.54% | Jun 30, 2026 |
| Global X SuperDividend U.S. ETF | 755,464 | – | $18.56M | 2.37% | Jul 31, 2026 |
| FT Energy Income Partners Enhanced Income ETF | 679,462 | – | $15.24M | 1.45% | May 31, 2026 |
| Tortoise North American Pipeline ETF | 464,569 | – | $10.42M | 1.24% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Willie CW Chiang | Chairman & CEO, Director | 1,396,856 | Aug 17, 2026 |
| Dean Liollio | EVP & COO | 345,635 | Oct 7, 2026 |
| Richard K. McGee | EVP, General Counsel & Sec. | 672,561 | Oct 2, 2026 |
| Russell Lee Montgomery | VP, Acctg & CAO | 162,050 | Sep 10, 2026 |
| Al Swanson | EVP & CFO | 711,066 | Aug 17, 2026 |
| Chris Herbold | Sr. VP Finance & CAO | 381,682 | Aug 17, 2026 |
| Jeremy L. Goebel | EVP & CCO | 1,296,094 | Aug 17, 2026 |
| Chris R. Chandler | EVP & COO | 882,483 | Aug 17, 2026 |
| John T. Raymond | Director | 8,614,401 | Sep 16, 2026 |
| GP Holdings LLC PAA | Director, 10% owner | 233,000,430 | Aug 17, 2026 |
| Gp Holdings Lp Plains | Director, 10% owner | 233,059,630 | Aug 17, 2026 |
| All American GP LLC Plains | Director, 10% owner | 245,753,122 | Aug 17, 2026 |
| Plains AAP, L.P. | Director, 10% owner | 232,653,928 | Aug 17, 2026 |
| Lawrence Michael Ziemba | Director | 0 | Jun 30, 2026 |
| Cindy B. Taylor | Director | 0 | May 20, 2026 |
| Gary R. Petersen | Director | 68,200 | Jan 10, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Al Swanson EVP & CFO | Aug 14, 2026 | Option exercise | +109,165 | – | – | 711,066 |
| Al Swanson EVP & CFO | Aug 14, 2026 | Tax withholding | −42,957 | $23.45 | $1.01M | 668,109 |
| Gp Holdings Lp Plains Director, 10% owner | Aug 14, 2026 | Award | +59,200 | – | – | 233,059,630 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Tax withholding | −252,112 | $23.45 | $5.91M | 882,483 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Option exercise | +500,000 | – | – | 993,904 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Option exercise | +140,691 | – | – | 1,134,595 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2026 | Tax withholding | −42,957 | $23.45 | $1.01M | 672,561 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2026 | Option exercise | +109,165 | – | – | 715,518 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2026 | Tax withholding | −136,292 | $23.45 | $3.20M | 1,396,856 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2026 | Option exercise | +346,357 | – | – | 1,533,148 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Tax withholding | −252,112 | $23.45 | $5.91M | 388,579 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Gift | −388,579 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Gift | +388,579 | – | – | 907,515 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Option exercise | +140,691 | – | – | 640,691 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Option exercise | +500,000 | – | – | 500,000 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Option exercise | +40,609 | – | – | 381,682 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Tax withholding | −54,241 | $23.45 | $1.27M | 327,441 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Option exercise | +100,000 | – | – | 341,073 |
| Lawrence Michael Ziemba Director | Jun 29, 2026 | Sale | −2,346 | $21.95 | $51.49K | 0 |
| Chris R. Chandler EVP & COO | Aug 14, 2025 | Tax withholding | −89,665 | $17.78 | $1.59M | 493,904 |
| Chris R. Chandler EVP & COO | Aug 14, 2025 | Option exercise | +227,864 | – | – | 583,569 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2025 | Option exercise | +65,796 | – | – | 264,357 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2025 | Tax withholding | −23,284 | $17.78 | $413.99K | 241,073 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Gift | +138,199 | – | – | 518,936 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Gift | −138,199 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Option exercise | +227,864 | – | – | 227,864 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Tax withholding | −89,665 | $17.78 | $1.59M | 138,199 |
| GP Holdings LLC PAA Director, 10% owner | Aug 14, 2025 | Award | +144,500 | – | – | 233,000,430 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2025 | Option exercise | +561,055 | – | – | 1,407,567 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2025 | Tax withholding | −220,776 | $17.78 | $3.93M | 1,186,791 |
| Al Swanson EVP & CFO | Aug 14, 2025 | Option exercise | +176,731 | – | – | 671,445 |
| Al Swanson EVP & CFO | Aug 14, 2025 | Tax withholding | −69,544 | $17.78 | $1.24M | 601,901 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2025 | Tax withholding | −69,544 | $17.78 | $1.24M | 606,353 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2025 | Option exercise | +176,731 | – | – | 675,897 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Gift | −101,514 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 101,514 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 167,378 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Gift | +101,514 | – | – | 380,737 |
| Al Swanson EVP & CFO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 560,578 |
| Al Swanson EVP & CFO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 494,714 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2024 | Tax withholding | −164,714 | $17.05 | $2.81M | 846,512 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2024 | Option exercise | +418,585 | – | – | 1,011,226 |
| Chris R. Chandler EVP & COO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 355,705 |
| Chris R. Chandler EVP & COO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 421,569 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2024 | Option exercise | +167,378 | – | – | 565,030 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 499,166 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2024 | Tax withholding | −35,359 | $17.05 | $602.87K | 198,561 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2024 | Option exercise | +96,264 | – | – | 233,920 |
| Gp Holdings Lp Plains Director, 10% owner | Aug 14, 2024 | Award | +202,002 | – | – | 232,855,930 |
| Jeremy L. Goebel EVP & CCO | Nov 21, 2023 | Sale | −35,000 | $15.58 | $545.30K | 279,223 |
| Plains AAP, L.P. Director, 10% owner | Oct 13, 2023 | Other | −6,353,042 | – | – | 232,653,928 |
| Gp Holdings Lp Plains Director, 10% owner | Sep 29, 2023 | Other | −1,892,538 | – | – | 239,006,970 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Tax withholding | −67,701 | $15.25 | $1.03M | 104,345 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Gift | −104,345 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Gift | +104,345 | – | – | 314,223 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Option exercise | +172,046 | – | – | 172,046 |
| Plains AAP, L.P. Director, 10% owner | Aug 14, 2023 | Award | +139,350 | – | – | 240,899,508 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2023 | Tax withholding | −67,701 | $15.25 | $1.03M | 397,652 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2023 | Option exercise | +172,046 | – | – | 465,353 |
| Al Swanson EVP & CFO | Aug 14, 2023 | Option exercise | +172,046 | – | – | 460,901 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
–
18M shares short
Days to cover
7.2
At 3M shares a day
Change since last report
+3.1%
From 18M shares
Short volume, 20 days
64.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Plains All American Pipeline LP's stock actually held short. Settlement fails (shares not delivered on time) peaked at 50,101 shares on Sep 28, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ziemba Family Trust Director | Jun 29, 2026 | 2,346 | $51.49K | Jun 29, 2026 | Open Market Purchase |
| MGMG Ventures LP Officer | Nov 21, 2023 | 35,000 | $541.45K | Nov 21, 2023 | vesting of long term equity award |
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