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Global X Management (GEL) reports 6.32% beneficial stake in Genesis Energy units

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Global X Management Company LLC reported beneficial ownership of 7,722,608 common units of Genesis Energy, L.P., representing 6.32% of the class. Global X Management is a Delaware-formed registered investment adviser and holds these units through its role as investment adviser to the Global X MLP ETF, a series of Global X Funds registered under the Investment Company Act of 1940. It has sole voting and sole dispositive power over these units, with no shared power. The ETF has the right to receive all dividends and sale proceeds, and the adviser disclaims ownership of those economic rights. The units were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Genesis Energy.

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Beneficial ownership 7,722,608 common units Genesis Energy common units beneficially owned by Global X Management Company LLC
Percent of class 6.32% Percentage of Genesis Energy common units class attributed to Global X Management
Sole voting power 7,722,608 Units over which Global X Management has sole power to vote or direct the vote
Sole dispositive power 7,722,608 Units over which Global X Management has sole power to dispose or direct disposition
beneficial owner financial
"may be deemed to be the beneficial owner of common units of Genesis Energy"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
registered investment adviser financial
"GXMC is a registered investment adviser that furnishes investment advice"
A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.
sole voting power financial
"Sole power to vote or to direct the vote: 7,722,608"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole power to dispose or to direct the disposition of: 7,722,608"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Company Act of 1940 regulatory
"an investment company registered under Section 8 of 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.

FAQ

What ownership stake in Genesis Energy (GEL) does Global X Management report?

Global X Management Company LLC reports beneficial ownership of 7,722,608 Genesis Energy common units, representing 6.32% of the outstanding class. This stake is held through its advisory role to the Global X MLP ETF, which owns the units economically.

How is Global X Management’s voting power over Genesis Energy (GEL) units structured?

Global X Management has sole voting power over 7,722,608 Genesis Energy common units and no shared voting power. It also holds sole dispositive power over the same number of units, indicating exclusive authority to vote and dispose on behalf of the ETF.

Who receives dividends and sale proceeds from the Genesis Energy (GEL) units?

The Global X MLP ETF, advised by Global X Management, has the right to receive all dividends and sale proceeds from the Genesis Energy units. Global X Management disclaims ownership of these economic rights, despite being deemed a beneficial owner for reporting purposes.

Did Global X Management acquire Genesis Energy (GEL) units to influence control?

The Genesis Energy common units were acquired in the ordinary course of business and not with the purpose of changing or influencing control of the issuer. This aligns with a passive investment posture typical for Schedule 13G filings by institutional investors.

Why is Global X Management deemed a beneficial owner of Genesis Energy (GEL) units?

Global X Management is deemed a beneficial owner because, as investment adviser to the Global X MLP ETF, it has voting and dispositive power over the Genesis Energy units. However, it states it does not receive dividends or sale proceeds from these securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





371927104

(CUSIP Number)
06/30/2026

(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




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


SCHEDULE 13G



Global X Management CO LLC
Signature:/s/ Ryan O'Connor
Name/Title:Ryan O'Connor, Chief Executive Officer
Date:08/14/2026