PAA ranks #1426 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PAA is a disclosed holding of Stephen Schwarzman (Blackstone Group), one of the tracked superinvestors on AlphaSMO — it makes up 1.4% of that fund's own 13F portfolio.
PAA is a top-conviction position for Fractal Investments LLC — at 9.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in PAA belongs to Alps Advisors Inc, but the position matters far more to Fractal Investments LLC, who has 9.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Blackstone Inc. has added to its PAA position for two straight quarters, increasing it by $210.5M to reach $449.3M today.
Eagle Global Advisors LLC has trimmed its PAA position for two straight quarters, cutting it by $16.2M while still holding $49.0M.
PAA is down 0.5% today, and institutions have been net sellers of $206.0M this quarter — today's price move and the underlying institutional flow are pointing the same direction.