Global X Adviser Discloses 4.89M Units of Genesis Energy (GEL)

Rhea-AI Filing Summary

Global X Management Company LLC reported beneficial ownership of 4,889,794 common units of Genesis Energy L.P., representing 3.99% of the class. The filing states GXMC acts as investment adviser to the Global X MLP ETF, and therefore may be deemed the beneficial owner of the units held by that fund, but disclaims rights to receive dividends or sale proceeds. The units were acquired in the ordinary course of business and are not held to change or influence control of Genesis Energy. The filing identifies GXMC as a Delaware- organized registered investment adviser and provides its New York business address.

Positive

• Transparent disclosure of beneficial ownership at 3.99%, meeting SEC reporting requirements
• Clear identification of adviser relationship with Global X MLP ETF, clarifying economic rights disclaimers
• Position acquired in ordinary course, stated as not intended to influence control

Negative

• Stake is below 5%, limiting potential influence on corporate governance or strategic decisions
• No economic rights claimed by GXMC (disclaimed dividends and proceeds), which may reduce alignment between adviser and issuer outcomes

Insights

Securities Analyst

TL;DR: Passive sub-5% ownership disclosed; unlikely to alter issuer control or trigger activist dynamics.

The Schedule 13G/A shows a 3.99% stake held in a registered ETF advised by GXMC, reported under the passive investor framework. The position size is material enough to be disclosed but remains below 5%, which typically limits regulatory and governance implications such as proxy influence or mandatory 13D reporting thresholds. Disclosure clarifies voting and dispositive powers are sole to GXMC for the shares held in the Fund, while GXMC disclaims economic rights to dividends and sale proceeds, reflecting its adviser role rather than direct economic ownership. Overall, this is a routine regulatory filing documenting a passive ETF position.

Corporate Governance Expert

TL;DR: Reported ownership is advisory/passive and not intended to change issuer control.

The filing explicitly states the securities were acquired in the ordinary course of business and not for the purpose of influencing control, which aligns with Schedule 13G treatment for passive investors. Because the ownership is below 5% and tied to an ETF account, there is limited governance impact: no indication of coordination, pursuit of board seats, or engagement to alter corporate strategy. The disclosure is appropriate for transparency; investors should view this as routine ETF-advised accumulation rather than an activist or controlling stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GENESIS ENERGY LP

(Name of Issuer)

Common Units

(Title of Class of Securities)

371927104

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 371927104

1

Names of Reporting Persons

Global X Management CO LLC

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 4,889,794.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,889,794.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,889,794.00

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)

3.99 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 4 of this Filing

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GENESIS ENERGY LP
(b)	Address of issuer's principal executive offices: 811 Louisiana St, Suite 1200, Houston, Texas, 77002
Item 2.
(a)	Name of person filing: (1) Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Units
(e)	CUSIP No.: 371927104
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).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in items 1 and 5 through 11 on the cover pages (p. 2 ) on Schedule 13G is hereby incorporated by reference. GXMC is a registered investment adviser that furnishes investment advice to the Global X MLP ETF (the "Fund'), a separate series of Global X Funds, an investment company registered under Section 8 of the Investment Company Act of 1940. As a result of its role as investment adviser to the Fund, GXMC may be deemed to be the beneficial owner of common units of Genesis Energy, L.P. held by the Fund. However, GXMC does not have the right to receive any dividends from, or the proceeds from the sale of, the securities held in the Fund and disclaims any ownership associated with such rights.
(b)	Percent of class: 3.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,889,794.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,889,794.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	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. Global X MLP ETF, set forth in Item 4 above, has the right to receive all dividends from, and the proceeds from the sale of, the securities held in its respective account. These common units were acquired in the ordinary course of business, and not with the purpose of changing or influencing control of the issuer.
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.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	08/14/2025

FAQ

What stake does GXMC report in Genesis Energy L.P. (GEL)?

GXMC reports beneficial ownership of 4,889,794 common units, representing 3.99% of the class.

Is this a controlling or activist position in GEL?

No. The filing states the units were acquired in the ordinary course and not to change or influence control; the position is below 5%.

Who actually holds the Genesis Energy units reported by GXMC?

The units are held by the Global X MLP ETF, for which GXMC serves as the investment adviser and reports beneficial ownership.

Does GXMC claim rights to dividends or sale proceeds from the GEL units?

GXMC disclaims the right to receive dividends or proceeds from the securities held in the Fund.

Under what capacity is GXMC filing this Schedule 13G/A?

GXMC is filing as a registered investment adviser reporting a passive ownership interest on behalf of the ETF it advises.