diff --git a/ChangeLog b/ChangeLog
index e3cf473830..6134fca00f 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -83,6 +83,10 @@ Release date: TBA
   Closes #1375
   Closes #330
 
+* Fix false positives for invalid-all-format that are lists or tuples at runtime
+
+  Closes #4711
+
 * Fix ``no-self-use`` and ``docparams extension`` for async functions and methods.
 
 * Add documentation for ``pyreverse`` and ``symilar``
diff --git a/pylint/checkers/variables.py b/pylint/checkers/variables.py
index 411e016f5e..307a05feb1 100644
--- a/pylint/checkers/variables.py
+++ b/pylint/checkers/variables.py
@@ -2013,15 +2013,14 @@ def _check_module_attrs(self, node, module, module_names):
             return module
         return None
 
-    def _check_all(self, node, not_consumed):
+    def _check_all(self, node: nodes.Module, not_consumed):
         assigned = next(node.igetattr("__all__"))
         if assigned is astroid.Uninferable:
             return
-
-        if not isinstance(assigned, (nodes.Tuple, nodes.List, list, tuple)):
-            self.add_message("invalid-all-format", node=assigned)
+        if not assigned.pytype() in ["builtins.list", "builtins.tuple"]:
+            line, col = assigned.tolineno, assigned.col_offset
+            self.add_message("invalid-all-format", line=line, col_offset=col, node=node)
             return
-
         for elt in getattr(assigned, "elts", ()):
             try:
                 elt_name = next(elt.infer())
diff --git a/tests/functional/i/invalid/invalid_all_format.txt b/tests/functional/i/invalid/invalid_all_format.txt
index 75c6fe0a78..f10297d4ee 100644
--- a/tests/functional/i/invalid/invalid_all_format.txt
+++ b/tests/functional/i/invalid/invalid_all_format.txt
@@ -1 +1 @@
-invalid-all-format:5:11::Invalid format for __all__, must be tuple or list
+invalid-all-format:5:11::Invalid format for __all__, must be tuple or list:HIGH
diff --git a/tests/functional/i/invalid/invalid_all_format_valid_5.py b/tests/functional/i/invalid/invalid_all_format_valid_5.py
new file mode 100644
index 0000000000..aa0e4dbf39
--- /dev/null
+++ b/tests/functional/i/invalid/invalid_all_format_valid_5.py
@@ -0,0 +1,7 @@
+"""Test valid __all__ format."""
+
+# pylint: disable=import-error, unused-import
+
+from foo import bar
+
+__all__ = list(globals().keys())
diff --git a/tests/functional/i/invalid/invalid_all_format_valid_6.py b/tests/functional/i/invalid/invalid_all_format_valid_6.py
new file mode 100644
index 0000000000..64ac46bb7e
--- /dev/null
+++ b/tests/functional/i/invalid/invalid_all_format_valid_6.py
@@ -0,0 +1,7 @@
+"""Test valid __all__ format."""
+
+# pylint: disable=import-error, unused-import
+
+from foo import bar
+
+__all__ = tuple(globals().keys())