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ALPS Advisors, Inc. and its advised vehicle, Alerian MLP ETF, filed Amendment No. 11 to Schedule 13G disclosing their ownership in Plains All American Pipeline LP (PAA) as of 30 June 2025.
The filing shows the two reporting persons hold 74,402,915 common units, representing 10.58 % of PAA’s outstanding units. Both entities report shared voting and shared dispositive power over the entire stake, with no sole voting or dispositive authority. The ownership is held on behalf of multiple registered investment companies (the “Funds”) for which ALPS Advisors acts as investment adviser; ALPS disclaims beneficial ownership beyond its advisory capacity.
The signatory, Chief Compliance Officer Matthew Sutula, certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer. No other group activity, subsidiary involvement, or change-of-control intent is indicated.
- Stake size: 74.4 million units
- Ownership percentage: 10.58 %
- Control implications: None stated; passive investment under Rule 13d-1(b)
- Filing type: Passive institutional Schedule 13G, Amendment 11
For investors, the amendment confirms continued, significant passive institutional ownership, which may support liquidity and market stability but does not signal strategic change.