Genesis Energy LP received an updated ownership report showing that institutional investor ALPS Advisors, Inc. and its fund Alerian MLP ETF collectively report large passive stakes in the partnership’s common units. ALPS Advisors is deemed to beneficially own 24,909,448 common units, representing 20.34% of the class, through investment funds it advises. Alerian MLP ETF separately reports beneficial ownership of 24,731,664 common units, or 20.2% of the class.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Genesis Energy. ALPS Advisors explains that all reported securities are owned by its funds, that it may be deemed a beneficial owner because it has voting and/or investment power, and that it disclaims beneficial ownership outside of Section 13(d) reporting purposes.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 15)
Genesis Energy LP
(Name of Issuer)
Common Units Representing Limited Partner Interests
(Title of Class of Securities)
371927104
(CUSIP Number)
12/31/2025
(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
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
24,909,448.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,909,448.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,909,448.00
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)
20.34 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
371927104
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
24,731,664.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,731,664.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,731,664.00
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)
20.2 %
12
Type of Reporting Person (See Instructions)
IV
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, TX, 77022
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.:
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).
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.
ALPS Advisors, Inc.
Signature:
/s/ Matthew Sutula
Name/Title:
Matthew Sutula, Chief Compliance Officer
Date:
01/06/2026
Alerian MLP ETF
Signature:
/s/ Matthew Sutula
Name/Title:
Matthew Sutula, Chief Compliance Officer
Date:
01/06/2026
Comments accompanying 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 does the Schedule 13G/A filing reveal about Genesis Energy LP (GEL)?
The filing shows that ALPS Advisors, Inc. and Alerian MLP ETF each report beneficial ownership of around 20% of Genesis Energy LP’s common units, making them significant institutional holders.
How many Genesis Energy LP units does ALPS Advisors, Inc. report owning?
ALPS Advisors, Inc. reports beneficial ownership of 24,909,448 Genesis Energy LP common units, representing 20.34% of the outstanding class, through investment funds it advises.
How large is Alerian MLP ETF’s position in Genesis Energy LP (GEL)?
Alerian MLP ETF reports beneficial ownership of 24,731,664 Genesis Energy LP common units, which equals 20.2% of the issuer’s common units representing limited partner interests.
Is ALPS Advisors, Inc. seeking to influence control of Genesis Energy LP?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Genesis Energy LP.
Does ALPS Advisors actually own the Genesis Energy LP units directly?
The filing explains that all reported securities are owned by the funds advised by ALPS Advisors, Inc. ALPS may be deemed a beneficial owner due to voting and/or investment power but disclaims beneficial ownership outside Section 13(d) purposes.
What type of entities are ALPS Advisors, Inc. and Alerian MLP ETF?
ALPS Advisors, Inc. is an investment adviser registered under the Investment Advisers Act of 1940, and Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940.
Who signed the Schedule 13G/A related to Genesis Energy LP (GEL)?
The statement was signed by Matthew Sutula, Chief Compliance Officer, who certified that the information in the statement is true, complete, and correct.
