Delek Logistics Partners (DKL) Schedule 13G/A reports that ALPS Advisors, Inc. and the Alerian MLP ETF hold large passive stakes in the partnership. ALPS Advisors, Inc. reports 4,575,667 common units (8.55%) and Alerian MLP ETF reports 4,536,265 common units (8.48%) as of 03/31/2026. The filing states the units are owned by investment funds advised by ALPS Advisors and that ALPS disclaims beneficial ownership; Alerian MLP ETF is one such fund. The form is signed by Matthew Sutula, Chief Compliance Officer.
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Insights
Large passive holdings reported by an adviser and an ETF may affect voting concentration.
ALPS Advisors reports shared voting and dispositive power over 4,575,667 units (8.55%) while Alerian MLP ETF reports shared power over 4,536,265 units (8.48%), both as of 03/31/2026. The disclosure describes ownership as held by advised funds and includes a disclaimer that ALPS disclaims beneficial ownership.
Practical implications depend on how these shares are voted together or separately; proxy-season or partnership votes could see concentrated blocks controlled by the adviser and affiliated funds. Subsequent filings would show any voting coordination or changes in holdings.
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 voting powerregulatory
"Shared Voting Power 4,575,667.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Investment Company Act of 1940regulatory
"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 ownershipregulatory
"AAI disclaims beneficial ownership of such securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does ALPS Advisors report in Delek Logistics Partners (DKL)?
ALPS Advisors reports beneficial ownership of 4,575,667 common units, representing 8.55% of the class as of 03/31/2026. The filing states these units are owned by funds advised by ALPS and that ALPS disclaims beneficial ownership.
How many units does Alerian MLP ETF hold in DKL?
Alerian MLP ETF reports ownership of 4,536,265 common units, representing 8.48% of the class as of 03/31/2026. The ETF is identified as a fund advised by ALPS Advisors in the filing.
Does ALPS Advisors claim direct beneficial ownership of the reported units?
No. The filing explains ALPS provides investment advice to registered funds that own the units and explicitly disclaims beneficial ownership of the securities reported in the schedule.
What voting and dispositive powers are reported for these holdings?
Both filers report 0 sole voting and shared voting power equal to their unit counts: 4,575,667 for ALPS and 4,536,265 for the ETF, with matching shared dispositive power figures.
Who signed the Schedule 13G/A for these disclosures?
The Schedule 13G/A is signed by Matthew Sutula, Chief Compliance Officer, with signature dates shown as 04/06/2026 for both reporting entities.
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.
