SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Disclose Significant Passive Stake in Delek Logistics Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have filed an amended Schedule 13G, disclosing their continued passive beneficial ownership of 8.04% and 8% respectively, of Delek Logistics Partners LP's common units as of March 31, 2025.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Delek Logistics Partners LP.
• As of March 31, 2025, ALPS Advisors, Inc. beneficially owns 4,316,269 common units, representing 8.04% of the class.
• Alerian MLP ETF beneficially owns 4,293,980 common units, representing 8% of the class.
• Both reporting persons hold shared voting and shared dispositive power over their respective reported shares.
• ALPS Advisors, Inc. is an investment adviser to investment companies, including Alerian MLP ETF, and disclaims beneficial ownership of the securities, stating they are owned by the Funds.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Delek Logistics Partners LP.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's operational or financial performance. It is a neutral regulatory filing.

Positives

• The continued significant stake by institutional investors like ALPS Advisors, Inc. and Alerian MLP ETF indicates ongoing confidence in Delek Logistics Partners LP as an investment.
• The passive nature of the investment, as certified by the filers, suggests stability and no immediate intent to disrupt corporate control.

Negatives

• The filing itself does not contain negative information regarding Delek Logistics Partners LP's operations or financial performance.

Risks

• ALPS Advisors, Inc. disclaims beneficial ownership of the securities, stating they are owned by the Funds, which is a legal nuance regarding the ultimate beneficial owner.
• The filing explicitly states that the securities were not acquired for the purpose of changing or influencing the control of the issuer, which means there is no potential for activist investor intervention from these parties.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Delek Logistics Partners LP's future performance or strategic outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

Delek Logistics Partners LP operates in the midstream energy sector, typically structured as a Master Limited Partnership (MLP). The Alerian MLP ETF specializes in investments in MLPs, indicating that Delek Logistics Partners LP fits within the fund's investment mandate, reflecting broader investor interest in the MLP space for income and energy infrastructure exposure.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a large, passive stake by ALPS Advisors, Inc. and Alerian MLP ETF in Delek Logistics Partners LP.

Key Dates

Keywords

Delek Logistics Partners LP, ALPS Advisors Inc., Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, MLP, Investment Adviser, Passive Investment