SCHEDULE: Franklin Resources Reports 8.9% Stake in Select Water Solutions

Franklin Resources, Inc. and its subsidiaries have reported beneficial ownership of 8.9% of Select Water Solutions, Inc.'s Class A common stock as of March 31, 2026.

Summary

• Franklin Resources, Inc. (FRI) and its investment management subsidiaries, including Franklin Mutual Advisers, LLC, have collectively acquired beneficial ownership of 10,872,399 shares of Select Water Solutions, Inc. Class A common stock.
• This holding represents 8.9% of the total class of securities.
• The filing indicates an internal realignment within FRI as of the quarter ended March 31, 2026, where Franklin Mutual Advisers, Inc. and Brandywine Global Investment Management, LLC now report their beneficial ownership aggregated with FRI, ceasing to report separately.
• Franklin Small Cap Value Fund, a sub-fund of Franklin Value Investors Trust, holds an interest in 6,469,010 shares, or 5.3% of the class.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on existing beneficial ownership and internal organizational changes within the reporting entity, rather than new strategic developments or financial performance of the issuer.

Positives

• Franklin Resources, Inc. has established a significant beneficial ownership stake of 8.9% in Select Water Solutions, Inc.
• The aggregation of holdings under FRI signifies a strategic consolidation of investment management activities.
• Franklin Small Cap Value Fund's substantial holding (5.3%) indicates confidence in Select Water Solutions from a specific investment vehicle.

Risks

• The filing does not explicitly mention any risks associated with this ownership stake.
• Potential for future changes in ownership or investment strategy by Franklin Resources, Inc. could impact Select Water Solutions.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future performance or strategy for Select Water Solutions, Inc. It solely reports on current beneficial ownership.

Management Comments

• Franklin Resources, Inc. reports that as of the calendar quarter ended March 31, 2026, an internal realignment occurred such that Franklin Mutual Advisers, Inc. and Brandywine Global Investment Management, LLC ceased to be disaggregated and ceased to report separately from Franklin Resources, Inc.
• Franklin Resources, Inc. is now reporting beneficial ownership of equity securities attributed to Franklin Mutual Advisers, Inc. and Brandywine Global Investment Management, LLC aggregated with other equity securities that may be beneficially owned by investment management subsidiaries of and reported by Franklin Resources, Inc.
• Franklin Resources, Inc., Charles B. Johnson, Rupert H. Johnson, Jr., and Franklin Mutual Advisers, LLC disclaim any pecuniary interest in the securities reported.
• Franklin Resources, Inc., Charles B. Johnson, Rupert H. Johnson, Jr., and each of the Investment Management Subsidiaries believe that they are not a 'group' within the meaning of Rule 13d-5 under the Act and that they are not otherwise required to attribute to each other the beneficial ownership of the securities held by any of them or by any persons or entities for whom or for which the Investment Management Subsidiaries provide investment management services.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Franklin Resources, Inc. indicates a significant investment in Select Water Solutions, Inc., a player in the water solutions sector. Such filings often signal institutional interest and potential influence in a company's strategic direction.

Corporate Governance

Stakeholder Impact

• Shareholders of Select Water Solutions, Inc.: The increased clarity on institutional ownership from Franklin Resources, Inc. may influence investor perception and market dynamics.
• Franklin Resources, Inc. clients: The aggregation of holdings reflects the investment management strategies employed by FRI and its subsidiaries for their clients.
• Regulators: The filing ensures compliance with SEC reporting requirements for significant beneficial ownership.

Next Steps

• Franklin Resources, Inc. will continue to manage its investment portfolio, which includes the shares of Select Water Solutions, Inc.
• The internal realignment within Franklin Resources, Inc. is now in effect as of March 31, 2026.

Key Dates

Keywords

Select Water Solutions, Franklin Resources, Schedule 13G, Beneficial Ownership, Investment Management, Class A Common Stock, Franklin Mutual Advisers, Franklin Small Cap Value Fund