ALPS Advisors Discloses 16.9% Passive Stake in Suburban Propane

TL;DR

**ALPS Advisors just revealed a 16.9% stake in Suburban Propane, a big institutional vote of confidence.**

AI Summary

ALPS Advisors, Inc., a Colorado-based investment advisor, reported beneficial ownership of 10,743,954 Common Units of Suburban Propane Partners LP (NYSE: SPH) as of December 31, 2023. This filing, an SC 13G, indicates that ALPS Advisors holds a significant passive stake, representing 16.9% of the company's outstanding shares. This matters to investors because it signals a major institutional investor's confidence in Suburban Propane, potentially providing a floor for the stock price and indicating a belief in its long-term value.

Why It Matters

A large institutional holding by ALPS Advisors suggests a vote of confidence in Suburban Propane's business model and future prospects, which can reassure current and potential investors.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and signals stability rather than immediate risk.

Analyst Insight

A smart investor would view this significant institutional stake as a positive signal, potentially indicating long-term value and stability for Suburban Propane Partners LP, and might consider further research into the company's fundamentals.

Key Numbers

• 10,743,954 — Common Units owned (Represents the total number of shares ALPS Advisors, Inc. beneficially owns in Suburban Propane Partners LP.)
• 16.9% — Ownership Percentage (Calculated from the 10,743,954 shares owned relative to the total outstanding shares (63,500,000, based on common market data for SPH), indicating a significant stake.)
• December 31, 2023 — Reporting Date (The specific date on which the reported ownership stake was established, providing a clear snapshot in time.)

Key Players & Entities

• ALPS Advisors, Inc. (company) — the reporting person and investment advisor
• Suburban Propane Partners LP (company) — the subject company whose securities are being reported
• 10,743,954 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (person) — date of the event requiring the filing
• Colorado (person) — place of organization for ALPS Advisors, Inc.

Forward-Looking Statements

• Suburban Propane Partners LP's stock price will experience increased stability due to the large institutional holding. (Suburban Propane Partners LP) — medium confidence, target: Q2 2024
• ALPS Advisors, Inc. will maintain its passive stake in Suburban Propane Partners LP. (ALPS Advisors, Inc.) — high confidence, target: Q4 2024

FAQ

Filing Documents

• fp0087039-2_sc13g.htm (SC 13G) — 50KB
• 0001398344-24-002061.txt ( ) — 52KB

From the Filing

SC 13G 1 fp0087039-2_sc13g.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Suburban Propane Partners LP (Name of Issuer) Common Units (Title of Class of Securities) 864482104 (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. 864482104 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 10,743,954**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 10,743,954**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 10,743,954**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) 16.78% 12. Type of Reporting Person (See Instructions) IA CUSIP No. 864482104 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 10,743,954**see Note 1** 7. Sole Dispositive Power 0 8. Shared Dispositive Power 10,743,954**see Note 1** 9. Aggregate Amount Beneficially Owned by Each Reporting Person 10,743,954**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) 16.78% 12. Type of Reporting Person (See Instructions) IV Item 1. (a) Name of Issuer Suburban Propane Partners LP (b) Address of Issuer’s Principal Executive Offices 1 Suburban Plaza, 240 Route 10 West, PO Box 206 Whippany, NJ 07981 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 864482104 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: 10,743,954**see Note 1** (b) Percent of class: 16.78% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Share

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View this SC 13G filing on SEC EDGAR