SCHEDULE: Franklin Mutual Advisers Boosts Select Water Stake to 7.2%

Franklin Mutual Advisers, LLC has reported a 7.2% beneficial ownership stake in Select Water Solutions, Inc. as of December 31, 2025.

Summary

• Franklin Mutual Advisers, LLC (FMA) reported beneficial ownership of 7,553,093 shares of Select Water Solutions, Inc. Class A common stock.
• This ownership represents 7.2% of the issuer's Class A common stock.
• FMA holds sole voting power over 7,121,555 shares and sole dispositive power over 7,553,093 shares.
• The shares are held in the ordinary course of business for FMA's investment management clients, including registered investment companies and other managed accounts.
• FMA certifies that the acquisition and holding of these securities are not for the purpose of changing or influencing the control of Select Water Solutions, Inc.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, as it signifies a substantial institutional investment in Select Water Solutions, Inc., without indicating any activist intent.

Positives

• A significant institutional investor, Franklin Mutual Advisers, LLC, holds a substantial stake, indicating confidence in Select Water Solutions, Inc.
• The filing confirms the shares are held in the ordinary course of business, not for activist purposes, suggesting stability in the shareholder base.

Future Outlook

NA

Management Comments

• 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.

Industry Context

StockSavvy.ai notes that Select Water Solutions operates in the oilfield services sector, providing water management solutions. The investment by a major asset manager like Franklin Mutual Advisers suggests institutional interest in companies supporting the energy industry, potentially reflecting a positive outlook on the sector's stability or growth prospects.

Related Party Transactions

• Franklin Mutual Advisers, LLC is an indirect wholly-owned subsidiary of Franklin Resources, Inc.
• The clients of Franklin Mutual Advisers, LLC, including investment companies and other managed accounts, are the ultimate beneficiaries of the securities.
• Franklin Mutual Advisers, LLC disclaims being a 'group' with Franklin Resources, Inc. affiliates or its principal shareholders.

Stakeholder Impact

• Shareholders: Increased institutional ownership may provide a degree of stability to the stock and signal confidence from a major asset manager.
• Company Management: Awareness of a significant institutional holder, though non-activist, can influence strategic decisions.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of an institutional investor's passive ownership stake. It does not provide new operational or financial information that would warrant a change in investment thesis. The significant stake by Franklin Mutual Advisers, LLC indicates continued institutional interest, but without further catalysts or performance data, a 'hold' recommendation is appropriate for existing investors.

Keywords

Select Water Solutions, Franklin Mutual Advisers, SEC Filing, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Common Stock, Oilfield Services