SCHEDULE: Ameriprise Entities Report Stake in Energy Recovery Inc.

Several Ameriprise Financial entities and a Columbia Threadneedle fund have disclosed beneficial ownership of Energy Recovery, Inc. common stock, collectively holding over 10% of the class.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of Energy Recovery, Inc. common stock.
• Multiple entities under Ameriprise Financial, Inc. (AFI) and a specific fund, CT (Lux) American Smaller Companies, are reporting beneficial ownership.
• The reporting date for the event requiring this filing is March 31, 2026.
• Ameriprise Financial, Inc. may be deemed to beneficially own shares reported by its subsidiaries, but disclaims beneficial ownership.
• The filing details the number of shares beneficially owned, sole and shared voting and dispositive power for each reporting entity.
• CT (Lux) American Smaller Companies, a sub-fund of Columbia Threadneedle (Lux) I SICAV, holds 5.2% of the class of securities.
• The aggregate beneficial ownership reported by Ameriprise Financial, Inc. is 10.0% of the class of securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership by institutional investors and does not contain operational or financial performance data that would indicate a positive or negative sentiment.

Positives

• The filing indicates significant investment from established financial institutions, which can be seen as a vote of confidence in the company's long-term prospects.
• The disclosure is made in accordance with regulatory requirements, ensuring transparency for investors.
• The aggregate ownership of 10.0% by Ameriprise Financial, Inc. and its related entities suggests substantial backing.

Negatives

• The filing does not contain any negative financial results or operational challenges.
• No specific reasons for the change in beneficial ownership are provided, leaving the strategic intent open to interpretation.

Risks

• The filing does not explicitly mention any risks associated with Energy Recovery, Inc. or the reporting entities' investments.
• Potential future changes in beneficial ownership by these large holders could impact share price volatility.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Energy Recovery, Inc.'s future performance. It solely reports on beneficial ownership as of a specific date.

Management Comments

• Each of the Ameriprise Entities disclaims beneficial ownership of any shares reported on this Schedule.
• To the knowledge of the Ameriprise Entities and the Fund, no other persons besides the Ameriprise Entities and the Fund and those persons for whose shares of common stock the Ameriprise Entities report beneficial ownership have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the securities of the issuer reported herein.
• As of March 31, 2026, only the Fund owned more than 5% of the class of securities reported herein.
• Any remaining shares reported herein by the Ameriprise Entities are held by various other funds or accounts managed by one or more of the Ameriprise Entities which each have the right to receive any dividends paid by the issuer and could terminate their respective investment advisory relationship with the applicable Ameriprise Entity and then subsequently direct the use of proceeds from the sale of the common stock owned by such fund or account.
• To the knowledge of the Ameriprise Entities, none of these other funds or accounts own more than 5% of the outstanding shares of the issuer as March 31, 2026, other than the Funds.

Industry Context

StockSavvy.ai notes that significant stake disclosures by large asset managers like Ameriprise Financial and Columbia Threadneedle are common in the investment management industry. Such filings often signal a stable or growing institutional interest in a company's stock, but without further context on the specific investment strategy, it's difficult to infer broader industry trends solely from this filing.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership, potentially influencing market perception and trading activity.
• Management: Awareness of substantial holdings by major financial institutions, which may lead to engagement on corporate strategy.
• Creditors: Indirect impact through company stability and investor confidence, though no direct financial implications are detailed.

Next Steps

• Continue to monitor future filings from Ameriprise Financial, Inc. and its related entities for any changes in beneficial ownership.
• Observe Energy Recovery, Inc.'s subsequent financial reports and strategic announcements for context on the institutional investors' positions.

Key Dates

Keywords

Energy Recovery Inc., Schedule 13G, Ameriprise Financial, Columbia Threadneedle, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Regulatory Filing