Plains All American Pipeline, L.P. - Limited Partnership
US ˙ NasdaqGS ˙ US7265031051

SecurityPAA / Plains All American Pipeline, L.P. - Limited Partnership
InstitutionCommonwealth Equity Services, Llc
Latest Disclosed Ownership154,473 shares
Latest Disclosed Value $ 2,774,328
Commonwealth Equity Services, Llc reports 6.41% increase in ownership of PAA / Plains All American Pipeline, L.P. - Limited Partnership

On February 12, 2026 - Commonwealth Equity Services, Llc filed a 13F-HR form disclosing ownership of 154,473 shares of Plains All American Pipeline, L.P. - Limited Partnership (US:PAA) valued at $2,774,335 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 22, 2025 disclosing 145,166 shares of Plains All American Pipeline, L.P. - Limited Partnership. This represents a change in shares of 6.41% during the quarter. The current value of the position is $3,540,521 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 154,473 9,307 6.41 2,774 138,600.00
2025-10-22 2025-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 145,166 11,480 8.59 2 0.00 0.0032
2025-08-06 2025-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 133,686 -1,010 -0.75 2 0.00 0.0032
2025-05-09 2025-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 134,696 1,541 1.16 3 0.00 0.0038
2025-02-10 2024-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 133,155 -8,189 -5.79 2 0.00 0.0033
2024-10-18 2024-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 141,344 13,043 10.17 2 0.00 0.0037
2024-07-31 2024-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 128,301 2,759 2.20 2 0.00 0.0036
2024-04-29 2024-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 125,542 5,529 4.61 2 100.00 0.0037
2024-02-06 2023-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 120,013 -4,651 -3.73 2 0.00 0.0033
2023-10-23 2023-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 124,664 6,395 5.41 2 0.00 0.0040
2023-08-10 2023-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 118,269 25,888 28.02 2 0.00 0.0034
2023-05-11 2023-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 92,381 976 1.07 1 0.00 0.0024
2023-02-07 2022-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 91,405 7,084 8.40 1 -99.89 0.0026
2022-11-14 2022-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 84,321 -12,774 -13.16 887 -6.93 0.0023
2022-07-19 2022-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 97,095 4,849 5.26 953 -3.93 0.0025
2022-05-04 2022-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 92,246 7,220 8.49 992 24.94 0.0023
2022-01-31 2021-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 85,026 2,839 3.45 794 -4.91 0.0018
2021-10-29 2021-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 82,187 -971 -1.17 835 -11.55 0.0021
2021-08-11 2021-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 83,158 3,310 4.15 944 30.03 0.0024
2021-05-04 2021-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 79,848 22,161 38.42 726 52.84 0.0021
2021-02-11 2020-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 57,687 -12,228 -17.49 475 13.64 0.0014
2020-11-05 2020-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 69,915 1,533 2.24 418 -30.79 0.0014
2020-08-12 2020-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 68,382 -5,477 -7.42 604 55.27 0.0023
2020-05-11 2020-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 73,859 19,034 34.72 389 -61.41 0.0018
2020-02-05 2019-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 54,825 3,059 5.91 1,008 -6.15 0.0038
2019-10-30 2019-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 51,766 -1,755 -3.28 1,074 -17.57 0.0046
2019-07-19 2019-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 53,521 376 0.71 1,303 0.08 0.0057
2019-05-13 2019-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 53,145 -1,969 -3.57 1,302 17.93 0.0060
2019-02-11 2018-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 55,114 -2,794 -4.82 1,104 -23.76 0.0059
2018-11-06 2018-09-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 57,908 -1,144 -1.94 1,448 3.72 0.0069
2018-07-31 2018-06-30 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 59,052 -382 -0.64 1,396 6.65 0.0073
2018-05-14 2018-03-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 59,434 -928 -1.54 1,309 5.06 0.0071
2018-02-12 2017-12-31 13F PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 60,362 60,362 1,246 0.0068
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.