Invesco Ltd. reported beneficial ownership of 8,857,392 partnership interests in Sunoco LP, representing 6.5% of the class. The filing states these interests are held of record by clients of Invesco Ltd. and that no single shareholder of the underlying funds exceeds 5%.
Positive
None.
Negative
None.
Insights
Large passive holding disclosed by an institutional parent.
Invesco Ltd. reports 8,857,392 partnership interests (6.5%) in Sunoco LP, held of record for clients and controlled via its adviser subsidiaries. The filing attributes sole voting and dispositive power to Invesco Ltd. for those shares.
Cash-flow treatment and timing details are not included in the excerpt; subsequent filings may show changes in holdings or voting instructions.
Schedule 13G used for large passive investor disclosure.
The submission follows passive investor disclosure format: it identifies Invesco Advisers, Inc. and Invesco Capital Management LLC as relevant subsidiaries and is signed by the Global Head of Compliance. The filing clarifies that underlying fund shareholders, not a single investor, receive economic benefits.
Ownership is presented as beneficial via client accounts, with sole voting and dispositive power noted.
Key Figures
Beneficial ownership:8,857,392 partnership interestsPercent of class:6.5%Sole voting power:8,857,392 shares+2 more
5 metrics
Beneficial ownership8,857,392 partnership interestsamount beneficially owned reported in Schedule 13G
Percent of class6.5%percent of class reported in Item 4(b)
Sole voting power8,857,392 sharessole power to vote reported in Item 4(c)(i)
Sole dispositive power8,857,392 sharessole power to dispose reported in Item 4(c)(iii)
Signature date05/06/2026date the Schedule 13G was signed
Key Terms
Schedule 13G, beneficially owned, sole dispositive power, held of record
4 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Sunoco; form type shown as Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Item 4. (a) Amount beneficially owned: Invesco Ltd. may be deemed to beneficially own 8,857,392 shares"
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.
sole dispositive powerregulatory
"Item 4(c)(iii) Sole power to dispose or to direct the disposition of: 8,857,392"
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.
held of recordfinancial
"shares of the Issuer which are held of record by clients of Invesco Ltd."
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sunoco LP
(Name of Issuer)
Partnership Interest
(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
Invesco Ltd.
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,857,392.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,857,392.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,857,392.00
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)
6.5 %
12
Type of Reporting Person (See Instructions)
HC, IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sunoco LP
(b)
Address of issuer's principal executive offices:
8111 Westchester Dr, Dallas, TX 75225
Item 2.
(a)
Name of person filing:
Invesco Ltd. ("Invesco Ltd.")
(b)
Address or principal business office or, if none, residence:
1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)
Citizenship:
Bermuda
(d)
Title of class of securities:
Partnership Interest
(e)
CUSIP Number(s):
86765K109
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:
Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 8,857,392 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)
Percent of class:
6.5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
8,857,392
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
8,857,392
(iv) Shared power to dispose or to direct the disposition of:
0
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.
However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Invesco Advisers, Inc.
Invesco Capital Management LLC
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.
Invesco Ltd. reports beneficial ownership of 8,857,392 partnership interests, equal to 6.5% of the class. The interests are held of record by clients of Invesco Ltd., with sole voting and dispositive power reported by Invesco.
Who holds voting and disposal power for the reported SUN shares?
Invesco Ltd. reports sole voting power and sole dispositive power over 8,857,392 partnership interests. The filing also names Invesco Advisers, Inc. and Invesco Capital Management LLC as the relevant subsidiaries associated with the holdings.
Are the underlying Sunoco LP economic benefits held by a single investor?
The filing states that the shareholders of the underlying fund have the right to receive dividends and proceeds and that no one individual has greater than 5% economic ownership of those funds, per the disclosure in Item 6.
What entities are identified as related subsidiaries in the filing?
The filing lists Invesco Advisers, Inc. and Invesco Capital Management LLC as the relevant subsidiaries associated with the acquisition or control of the reported partnership interests in Sunoco LP.
Who signed the Schedule 13G for Invesco Ltd.?
The Schedule 13G is signed by Robert R. Leveille, identified as Global Head of Compliance, with the signature date shown as 05/06/2026, affirming the ownership and subsidiary identification statements.
