ALPS Advisors Discloses 4.43M Stake in Global Partners LP

TL;DR

**ALPS Advisors just revealed a 4.43 million unit stake in Global Partners LP, a bullish sign from a big player.**

AI Summary

ALPS Advisors, Inc., a Colorado-based investment advisor, reported beneficial ownership of 4,431,751 Common Units of Global Partners LP (NYSE: GLP) as of December 31, 2023. This filing, an SC 13G, indicates that ALPS Advisors holds a significant stake, representing a passive investment. This matters to investors because it signals a large institutional holder's confidence in Global Partners LP, potentially providing a floor for the stock price and indicating a stable ownership base.

Why It Matters

A major institutional investor, ALPS Advisors, Inc., has disclosed a substantial passive stake in Global Partners LP, signaling their confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional holder, which generally reduces volatility and suggests stability rather than immediate risk.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in Global Partners LP, and might consider further research into the company's fundamentals, especially given the passive nature of the investment.

Key Numbers

• 4,431,751 — Common Units beneficially owned (represents ALPS Advisors, Inc.'s stake in Global Partners LP)
• 37946R109 — CUSIP Number (identifies the Common Units of Global Partners LP)

Key Players & Entities

• ALPS Advisors, Inc. (company) — reporting person and investment advisor
• Global Partners LP (company) — subject company, issuer of securities
• Colorado (person) — place of organization for ALPS Advisors, Inc.
• December 31, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Global Partners LP's stock price may experience increased stability due to a large institutional holder. (Global Partners LP) — medium confidence, target: next 6-12 months

FAQ

Filing Documents

• fp0087039-5_sc13g.htm (SC 13G) — 50KB
• 0001398344-24-002071.txt ( ) — 52KB

From the Filing

SC 13G 1 fp0087039-5_sc13g.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Global Partners LP (Name of Issuer) Common Units (Title of Class of Securities) 37946R109 (CUSIP Number) December 31, 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 (“Act”) or otherwise CUSIP No. 37946R109 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). ALPS Advisors, Inc. (Tax ID: 84-1583423) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 3. SEC Use Only 4. Citizenship or Place of Organization Colorado Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 4,431,751**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 4,431,751**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,431,751**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 13.04% 12. Type of Reporting Person (See Instructions) IA CUSIP No. 37946R109 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Alerian MLP ETF (Tax ID: 27-3041076) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 4,431,751**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 4,431,751**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,431,751**see Note 1** 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row (9) 13.04% 12. Type of Reporting Person (See Instructions) IV Item 1. (a) Name of Issuer Global Partners LP (b) Address of Issuer’s Principal Executive Offices P.O. BOX 9161, 800 SOUTH STREET, SUITE 500 WALTHAM, MA, 02454 Item 2. (a) Name of Person Filing (1) ALPS Advisors, Inc. (2) Alerian MLP ETF (b) Address of Principal Business Office or, if none, Residence (1) 1290 Broadway, Suite 1000, Denver, CO 80203 (2) 1290 Broadway, Suite 1000, Denver, CO 80203 (c) Citizenship (1) Colorado (2) Delaware (d) Title of Class of Securities Common Units (e) CUSIP Number 37946R109 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-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) [X] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8) - Alerian MLP ETF ; (e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E) – ALPS Advisors, Inc.; (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations 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) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with §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. ALPS Advisors, Inc. (a) Amount beneficially owned: 4,431,751**see Note 1** (b) Percent of class: 13.04% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the

View Full Filing

View this SC 13G filing on SEC EDGAR