Global Partners LP reports large passive holdings by investment vehicles. ALPS Advisors, Inc. and Alerian MLP ETF each report beneficial ownership of 6,043,985 common units, equal to 17.78% of the class as of 03/31/2026. The filing states shared voting and shared dispositive power for those units and notes that the reported securities are owned by funds advised by ALPS Advisors, Inc., with AAI disclaiming beneficial ownership.
Positive
None.
Negative
None.
Insights
Passive fund and advisor report sizeable, concentrated holdings in GLP units.
Two related reporting persons—ALPS Advisors, Inc. (as adviser) and Alerian MLP ETF (a fund)—each report 6,043,985 units or 17.78% ownership. The schedule characterizes voting and dispositive power as shared.
Because AAI states the securities are owned by client funds and disclaims beneficial ownership, the economic interest rests with the underlying fund beneficiaries rather than the adviser for purposes of the filing. Subsequent disclosures would be needed to show any change in voting or disposition actions.
Key Figures
Units beneficially owned (per filer):6,043,985 unitsPercent of class:17.78%Reporting date:03/31/2026+1 more
4 metrics
Units beneficially owned (per filer)6,043,985 unitsamount beneficially owned by ALPS Advisors and Alerian MLP ETF (Item 4)
Percent of class17.78%percent of class reported by each reporting person as of 03/31/2026
Reporting date03/31/2026reporting period/date shown on cover of the amendment
Signature date04/06/2026date the filing was signed by Matthew Sutula, Chief Compliance Officer
Key Terms
beneficially owned, shared dispositive power, Investment Company Act of 1940, disclaims beneficial ownership
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"(iv) Shared power to dispose or to direct the disposition of: 6043985"
Investment Company Act of 1940regulatory
"Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
disclaims beneficial ownershiplegal
"AAI disclaims beneficial ownership of such securities"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
Global Partners LP
(Name of Issuer)
Common Units Representing Limited Partner Interests
(Title of Class of Securities)
37946R109
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
37946R109
1
Names of Reporting Persons
ALPS Advisors, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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
0.00
6
Shared Voting Power
6,043,985.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,043,985.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,043,985.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
17.78 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
37946R109
1
Names of Reporting Persons
Alerian MLP ETF
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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
0.00
6
Shared Voting Power
6,043,985.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,043,985.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,043,985.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
17.78 %
12
Type of Reporting Person (See Instructions)
IV
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Global Partners LP
(b)
Address of issuer's principal executive offices:
PO 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 or principal business office or, if none, residence:
Common Units Representing Limited Partner Interests
(e)
CUSIP No.:
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)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
ALPS Advisors, Inc. ("AAI"), an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to investment companies registered under the Investment Company Act of 1940 (collectively referred to as the "Funds"). In its role as investment advisor, AAI has voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. AAI disclaims beneficial ownership of such securities. In addition, 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.
Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940 and is one of the Funds to which AAI provides investment advice.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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.
SIGNATURE
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.
What stake does ALPS Advisors report in Global Partners (GLP)?
ALPS Advisors reports beneficial ownership of 6,043,985 common units, representing 17.78% of the class as of 03/31/2026. The filing states those units are owned by funds advised by ALPS Advisors, which disclaims beneficial ownership.
Does Alerian MLP ETF directly own GLP units?
Yes. Alerian MLP ETF is reported as owning 6,043,985 common units, equal to 17.78% of the class as of 03/31/2026. The ETF is one of the funds advised by ALPS Advisors referenced in the filing.
What voting and disposition powers are reported?
The filing lists 0 sole voting or dispositive power and 6,043,985 shared voting and shared dispositive power for each reporting person, indicating joint control over voting and disposition as reported.
Who is the reporting person signing the schedule?
The schedule is signed by Matthew Sutula, Chief Compliance Officer, on behalf of the reporting persons, with signature dates shown as 04/06/2026 in the filing excerpt.
Does ALPS Advisors claim beneficial ownership of the securities?
No. ALPS Advisors states that the securities are owned by funds to which it provides investment advice and explicitly disclaims beneficial ownership of those securities in the filing.
