ALPS Advisors Holds 60.7M PAA Units, Signals Continued Confidence

TL;DR

**ALPS Advisors still holds over 60 million PAA units, a bullish sign for the stock.**

AI Summary

ALPS Advisors, Inc. filed an amended Schedule 13G/A on February 5, 2024, indicating a significant shared voting and dispositive power over 60,732,044 Common Units of Plains All American Pipeline, L.P. as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures and signals that ALPS Advisors, Inc. continues to be a major institutional holder. For investors, this means a large, professional entity maintains a substantial stake, which can be seen as a vote of confidence in the company's long-term prospects, potentially reducing volatility and signaling stability.

Why It Matters

This filing shows a major institutional investor, ALPS Advisors, Inc., maintains a significant stake in Plains All American Pipeline, L.P., which can provide stability and investor confidence.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional holding, which generally reduces risk by providing a strong ownership base.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in Plains All American Pipeline, L.P., and might consider holding or initiating a long position, especially if it aligns with their investment strategy for stable, income-generating assets.

Key Numbers

• 60,732,044 — Common Units (Represents the shared voting and dispositive power held by ALPS Advisors, Inc. in Plains All American Pipeline, L.P. as of December 31, 2023.)
• December 31, 2023 — Date of Event (This is the date for which the ownership information is reported, providing a clear snapshot of ALPS Advisors' holdings.)
• 726503105 — CUSIP Number (Identifies the specific class of securities (Common Units) of Plains All American Pipeline, L.P. being reported.)
• Amendment No. 7 — Filing Amendment Number (Indicates this is the seventh update to ALPS Advisors' Schedule 13G filing for Plains All American Pipeline, L.P., showing ongoing reporting.)
• February 5, 2024 — Filing Date (This is the date the SC 13G/A was filed with the SEC, making the information public.)

Key Players & Entities

• ALPS Advisors, Inc. (company) — the reporting person with shared voting and dispositive power
• Plains All American Pipeline, L.P. (company) — the issuer of the securities
• 60,732,044 (dollar_amount) — number of shares with shared voting power

Forward-Looking Statements

• ALPS Advisors, Inc. will maintain a significant stake in Plains All American Pipeline, L.P. for the foreseeable future. (ALPS Advisors, Inc.) — high confidence, target: December 31, 2024
• The continued large institutional holding by ALPS Advisors, Inc. will contribute to the stability of Plains All American Pipeline, L.P.'s stock price. (Plains All American Pipeline, L.P.) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• fp0087039-7_sc13ga.htm (SC 13G/A) — 51KB
• 0001398344-24-002075.txt ( ) — 52KB

From the Filing

SC 13G/A 1 fp0087039-7_sc13ga.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* Plains All American Pipeline, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 726503105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise CUSIP No. 726503105 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). ALPS Advisors, Inc. (Tax ID: 84-1583423) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 3. SEC Use Only 4. Citizenship or Place of Organization Colorado Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 60,732,044**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 60,732,044**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 60,732,044**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 8.66% 12. Type of Reporting Person (See Instructions) IA CUSIP No. 726503105 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Alerian MLP ETF (Tax ID: 27-3041076) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 60,732,044**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 60,732,044**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 60,732,044**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 8.66% 12. Type of Reporting Person (See Instructions) IV Item 1. (a) Name of Issuer Plains All American Pipeline, L.P. (b) Address of Issuer’s Principal Executive Offices 333 Clay Street, Suite 1600 Houston, TX 77002 Item 2. (a) Name of Person Filing (1) ALPS Advisors, Inc. (2) Alerian MLP ETF (b) Address of Principal Business Office or, if none, Residence (1) 1290 Broadway, Suite 1000, Denver, CO 80203 (2) 1290 Broadway, Suite 1000, Denver, CO 80203 (c) Citizenship (1) Colorado (2) Delaware (d) Title of Class of Securities Common Units (e) CUSIP Number 726503105 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [X] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8) - Alerian MLP ETF ; (e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E) – ALPS Advisors, Inc.; (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. ALPS Advisors, Inc. (a) Amount beneficially owned: 60,732,044**see Note 1** (b) Percent of class: 8.66% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power

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View this SC 13G/A filing on SEC EDGAR