SCHEDULE: Global Partners LP: ALPS Advisors & Alerian MLP ETF Report Stake

ALPS Advisors, Inc. and Alerian MLP ETF report a combined 17.78% beneficial ownership of Global Partners LP common units as of March 31, 2026.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have jointly filed a Schedule 13G, indicating their beneficial ownership of Global Partners LP common units.
• The total aggregate amount beneficially owned by both entities is 6,043,985 common units.
• This represents 17.78% of the class of securities.
• ALPS Advisors, Inc., an investment adviser, exercises shared voting and dispositive power over these securities held by investment companies it advises, including Alerian MLP ETF.
• ALPS Advisors, Inc. disclaims beneficial ownership beyond its role as an investment advisor.
• The filing is made under Rule 13d-1(b), classifying the reporting persons as investment advisers and investment companies, respectively.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It reports on existing ownership stakes rather than new developments, financial performance, or strategic shifts, thus having a limited immediate impact on sentiment.

Positives

• Significant combined stake of 17.78% held by ALPS Advisors and Alerian MLP ETF suggests strong investor conviction in Global Partners LP.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of influencing control.

Negatives

• ALPS Advisors, Inc. explicitly disclaims beneficial ownership, which could imply a lack of direct control or intent to influence management.

Risks

• Potential for changes in investment strategy by ALPS Advisors or Alerian MLP ETF could lead to significant selling pressure on Global Partners LP units.
• As an investment adviser, ALPS Advisors' management of multiple funds means that decisions regarding Global Partners LP could be influenced by broader portfolio considerations.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future performance. It solely reports on current beneficial ownership.

Management Comments

• ALPS Advisors, Inc. disclaims beneficial ownership of such securities.
• The filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934.
• 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

StockSavvy.ai notes that this Schedule 13G filing by ALPS Advisors and Alerian MLP ETF highlights significant institutional interest in the midstream energy sector, specifically within Global Partners LP's structure as a limited partnership. Such filings are common for ETFs and investment advisors managing portfolios that include master limited partnerships (MLPs).

Stakeholder Impact

• Shareholders: The significant stake held by institutional investors may provide a degree of stability to the stock price, but also indicates potential for large trades if these investors alter their positions.
• Creditors: Stable institutional ownership can be viewed positively by creditors as it suggests a committed investor base.
• Management: While not explicitly seeking control, the substantial stake means management will be mindful of the interests of these large holders.

Next Steps

• Monitor future filings from ALPS Advisors, Inc. and Alerian MLP ETF for any changes in their beneficial ownership of Global Partners LP.
• Observe Global Partners LP's operational and financial performance to assess the underlying value of the reported stake.

Key Dates

Keywords

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