ALPS Advisors discloses 12.05% stake in Sunoco LP

ALPS Advisors, Inc. and Alerian MLP ETF reported beneficial ownership of 24,671,391 common units of Sunoco LP, representing 12.05% of the class.

Rhea-AI Filing Summary

ALPS Advisors, Inc. and Alerian MLP ETF reported beneficial ownership of 24,671,391 common units of Sunoco LP, representing 12.05% of the class. ALPS Advisors, Inc. states the units are owned by funds it advises and disclaims beneficial ownership; Alerian MLP ETF is one such fund.

Insights

Asset Manager Analyst

Large fund position disclosed; voting/investment power exercised via adviser.

The filing shows 24,671,391 common units, a 12.05% stake, held by funds advised by ALPS Advisors, Inc. The adviser reports shared voting and dispositive power over these units.

Future disclosures could show changes if the adviser rebalances the fund; timing not specified in the excerpt.

Corporate Governance Specialist

Disclosure clarifies attribution and disclaimer of direct beneficial ownership.

The filing explicitly states the securities are owned by funds and that the adviser disclaims beneficial ownership, which is a standard attribution practice for investment advisers. The schedule identifies shared voting and dispositive power rather than sole control.

Watch subsequent amendments for any change in voting power or ownership percentage.

Key Figures

Units beneficially owned: 24,671,391 shares Percent of class: 12.05% Signature date: 04/06/2026

3 metrics

Units beneficially owned 24,671,391 shares reported in Schedule 13G/A

Percent of class 12.05% percent of Common Units Representing Limited Partner Interests

Signature date 04/06/2026 file signed by Chief Compliance Officer Matthew Sutula

Key Terms

Schedule 13G/A, Beneficially owned, Disclaims beneficial ownership

3 terms

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: Sunoco"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Item 4. Amount beneficially owned: 24671391"

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.

Disclaims beneficial ownership regulatory

"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 Sunoco LP (SUN)?

ALPS Advisors reports beneficial ownership of 24,671,391 common units, representing 12.05% of the class. The filing attributes these units to funds advised by ALPS Advisors and includes shared voting and dispositive power figures.

Does ALPS Advisors claim direct ownership of the Sunoco LP units?

No. ALPS Advisors states the units are owned by funds it advises and expressly disclaims beneficial ownership. The adviser reports voting and investment power in its capacity as adviser to those funds.

Is Alerian MLP ETF the owner of the reported Sunoco LP units?

Yes. Alerian MLP ETF is listed as one of the funds owning the 24,671,391 units. The filing identifies Alerian MLP ETF as a registered investment company advised by ALPS Advisors.

What voting and dispositive powers are reported for the position?

The filing reports 0 sole voting/dispositive power and 24,671,391 shared voting and shared dispositive power. That indicates control is exercised jointly, not solely, by the reporting entities.

When was this Schedule 13G/A amended and signed?

The amendment is signed by Matthew Sutula, Chief Compliance Officer, with signature dates of 04/06/2026. The covering line lists an issuer date of 03/31/2026 in the header information.

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

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Accepted by SEC EDGAR 04/09/2026 - 12:37 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Sunoco LP

(Name of Issuer)

Common Units Representing Limited Partner Interests

(Title of Class of Securities)

86765K109

(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): 86765K109

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 24,671,391.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 24,671,391.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,671,391.00

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)

12.05 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 86765K109

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 24,671,391.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 24,671,391.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,671,391.00

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)

12.05 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sunoco LP
(b)	Address of issuer's principal executive offices: 8111 Westchester Dr, Suite 400, Dallas, TX, 75225
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: (1) ALPS Advisors, Inc.: 1290 Broadway, Suite 1000, Denver, CO, 80203 (2) Alerian MLP ETF: 1290 Broadway, Suite 1000, Denver, CO, 80203
(c)	Citizenship: (1) ALPS Advisors, Inc.: Colorado (2) Alerian MLP ETF: Delaware
(d)	Title of class of securities: 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).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) ALPS Advisors, Inc.: 24671391 (2) Alerian MLP ETF: 24671391
(b)	Percent of class: (1) ALPS Advisors, Inc.: 12.05% (2) Alerian MLP ETF: 12.05%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: (1) ALPS Advisors, Inc.: 24671391 (2) Alerian MLP ETF: 24671391
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: (1) ALPS Advisors, Inc.: 24671391 (2) Alerian MLP ETF: 24671391
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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. 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:	04/06/2026

Alerian MLP ETF

Signature:	/s/ Matthew Sutula
Name/Title:	Matthew Sutula, Chief Compliance Officer
Date:	04/06/2026