SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Maintain Significant Stake in Sunoco LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly reported a continued beneficial ownership of 15.15% in Sunoco LP, holding over 23 million common units.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed an Amendment No. 3 to Schedule 13G, disclosing their beneficial ownership in Sunoco LP.
• As of March 31, 2025, the reporting persons collectively beneficially own 23,132,625 common units representing limited partner interests in Sunoco LP.
• This ownership stake represents 15.15% of the class of Sunoco LP's common units.
• Both ALPS Advisors, Inc. and Alerian MLP ETF possess shared voting power and shared dispositive power over all 23,132,625 shares.
• ALPS Advisors, Inc. acts as an investment adviser to investment companies, including Alerian MLP ETF, and disclaims beneficial ownership of the securities which are owned by the Funds.
• The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Sunoco LP.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing disclosing significant institutional ownership. While not inherently positive or negative, a large, stable institutional holding can be viewed as a neutral to slightly positive indicator of investor confidence and stability for the issuer.

Positives

• The continued significant institutional ownership by ALPS Advisors and Alerian MLP ETF (15.15%) indicates a stable and substantial long-term investment in Sunoco LP, potentially signaling confidence in the company's MLP structure and business model.
• The filing confirms that the shares are held in the ordinary course of business, suggesting a passive investment rather than an activist stance, which can provide stability for the issuer.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Sunoco LP's future financial performance or strategic direction.

Management Comments

• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

This filing reflects a standard institutional disclosure of a significant stake in a Master Limited Partnership (MLP) by an investment advisor and an MLP-focused exchange-traded fund. It highlights the continued interest of specialized funds in the energy infrastructure sector, where MLPs like Sunoco LP operate, providing essential services such as fuel distribution and convenience store operations.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holders, confirming a substantial and stable ownership base.
• Management: Awareness of a large, passive institutional investor, which can influence strategic considerations but does not imply direct control or activist pressure.

Key Dates

Keywords

Sunoco LP, ALPS Advisors, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, MLP, Institutional Ownership, Investment Adviser, Energy Infrastructure