Invesco Amends Global Partners LP Stake, Signals Ownership Shift

TL;DR

**Invesco just updated its stake in Global Partners LP; watch for market reaction.**

AI Summary

Invesco Ltd. filed an amended Schedule 13G/A on January 10, 2024, indicating a change in their beneficial ownership of Global Partners LP Partnership Interests as of December 29, 2023. This amendment, number 5, updates their previous disclosures regarding their stake in the wholesale petroleum company. This matters to investors because it signals a potential shift in a major institutional investor's confidence or strategy regarding Global Partners LP, which could influence market perception and stock price.

Why It Matters

This filing shows a significant institutional investor, Invesco Ltd., has updated its position in Global Partners LP, which can influence market sentiment and potentially the stock's valuation.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and does not inherently signal high risk, though the underlying change in ownership could be positive or negative.

Analyst Insight

An investor should investigate the specific changes in Invesco Ltd.'s beneficial ownership percentage in Global Partners LP, which would be detailed in the full filing, to understand the implications for their investment thesis.

Key Players & Entities

• Invesco Ltd. (company) — the reporting person filing the SC 13G/A
• Global Partners LP (company) — the subject company whose securities are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• January 10, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000002.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5 ) * Global Partners LP/MA (Name of Issuer) Partnership Interest (Title of Class of Securities) 37946R109 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 37946R109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 3,164,640 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 3,164,640 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,164,640 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.3% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Global Partners LP/MA (b) Address of Issuer's Principal Executive Offices 800 South Street, Suite 500, PO Box 9161, Waltham, MA 02454 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Partnership Interest (e) CUSIP Number 37946R109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 3,164,640 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 9.3% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 3,164,640 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 3,164,640 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Invesco Advisers, Inc. is a subsidiary of Invesco Ltd. and it advises the Invesco SteelPath MLP Income Fund which owns 5.55% of the security reported herein. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco A

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View this SC 13G/A filing on SEC EDGAR