SCHEDULE: ALPS Advisors, Alerian MLP ETF Hold 17.65% in Global Partners

ALPS Advisors, Inc. and Alerian MLP ETF have disclosed a combined beneficial ownership of 17.65% in Global Partners LP as of December 31, 2025.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF jointly reported beneficial ownership of 5,999,844 common units representing limited partner interests in Global Partners LP.
• This ownership stake constitutes 17.65% of the total class of securities.
• Both reporting entities possess shared voting power and shared dispositive power over all 5,999,844 units.
• The filing is an Amendment No. 6 to a Schedule 13G, indicating ongoing disclosure of their investment position.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Global Partners LP.

Sentiment

Score: 7

Explanation: The filing discloses a significant, stable institutional ownership stake in Global Partners LP by ALPS Advisors, Inc. and Alerian MLP ETF, indicating continued investment interest in the company's common units. This is generally a positive signal of confidence, though the filing itself is purely informational regarding ownership.

Positives

• A significant institutional ownership stake of 17.65% by ALPS Advisors, Inc. and Alerian MLP ETF indicates continued investment interest and confidence in Global Partners LP.
• The holding is explicitly stated to be for investment purposes in the ordinary course of business, not for control-related objectives, suggesting a stable, passive investment.

Negatives

• No explicit negative information regarding Global Partners LP's operations or financial performance is contained within this beneficial ownership report.

Risks

• No specific risks related to Global Partners LP's business operations, financial health, or future prospects are disclosed in this beneficial ownership filing.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates that a significant portion of Global Partners LP's common units are held by institutional investors, specifically an investment adviser (ALPS Advisors, Inc.) and an exchange-traded fund (Alerian MLP ETF). Such filings are routine disclosures for large institutional holders and reflect their portfolio allocations, often within specific investment mandates like MLP-focused funds. A substantial stake like 17.65% suggests the issuer remains a key component of the fund's strategy.

Stakeholder Impact

• Shareholders: The disclosure of a large, stable institutional holder like Alerian MLP ETF can provide a degree of confidence and liquidity for other shareholders.
• Company Management: Awareness of a significant institutional holder may influence management's strategic decisions, though the filing explicitly states the holding is not for control purposes.

Key Dates

Recommendation

This Schedule 13G filing primarily serves as a disclosure of beneficial ownership by institutional investors. While a significant 17.65% stake held by ALPS Advisors, Inc. and Alerian MLP ETF indicates continued institutional interest and confidence in Global Partners LP, the filing itself does not provide new operational or financial data to warrant a change in investment recommendation. It confirms a stable, large institutional presence, which is generally a neutral to slightly positive signal for existing holders. Therefore, a 'hold' recommendation is appropriate as there's no new information to suggest buying or selling based solely on this filing.

Keywords

Global Partners LP, ALPS Advisors Inc, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, Investment Adviser, Investment Company, SEC Filing