The increase in passive ownership from 4.9% to 7.0% by a major asset manager signals continued institutional interest post-acquisition. Monitor for any future conversion to a 13D filing, which would indicate activist intent.
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Executive Summary
Franklin Templeton Inc. (formerly Franklin Resources) filed an amended Schedule 13G disclosing a 7.0% passive stake in Select Water Solutions as of September 30, 2026, up from the 4.9% stake reported by Dimensional Fund Advisors in the prior filing. The increase reflects Franklin Templeton's growing passive position following the company's recent acquisition of Pilot Water Solutions, but the filing confirms no activist intent.
Key Financial Metrics
Key Facts
- Franklin Templeton Inc. reported beneficial ownership of 8,993,016 shares of Select Water Solutions Class A common stock, representing 7.0% of shares outstanding.
- The filing is an amendment to Schedule 13G, confirming passive investment intent with no activist purpose.
- The stake increased from the prior filing (Dimensional Fund Advisors reported 4.9% on October 8, 2026).
- Franklin Mutual Advisers LLC, a subsidiary, holds 8,199,374 shares (6.7%) of the total.
- The filing date is October 28, 2026, with a beneficial ownership date of September 30, 2026.
Financial Impact
Franklin Templeton holds 7.0% of Select Water Solutions, valued at approximately $182M based on the $2.6B market cap.
Risk Factors
- No activist intent disclosed, but a 7% stake gives Franklin Templeton influence if they later choose to engage.
- The filing does not disclose the exact date of the stake increase; the September 30 measurement date may not reflect current holdings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000038777-26-000281 |
| Document: 0000038777-26-000281-index.html | 0000038777-26-000281 |
| Document: 0000038777-26-000281.txt | 0000038777-26-000281 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 today | Press Release | $19.91 | awaiting T+5 | awaiting T+5 | $19.93 (+0.10%) |
Oct 28, 2026 1d ago | SC 13G/A | $19.83 | awaiting T+5 | awaiting T+5 | $19.93 (+0.50%) |
Oct 21, 2026 8d ago | 8-K | $17.54 $19.93 | ▲ +13.63% | ▲ +12.92% | $19.93 (+13.63%) |
Oct 15, 2026 14d ago | 8-K | $18.58 $18.14 | ▼ −2.37% | ▼ −1.94% | $19.93 (+7.27%) |
Oct 13, 2026 16d ago | 8-K | $19.35 $18.76 | ▼ −3.05% | ▼ −1.90% | $19.93 (+3.00%) |
Oct 8, 2026 21d ago | SC 13G/A | $19.60 $18.20 | ▼ −7.14% | ▼ −6.87% | $19.93 (+1.68%) |
Sep 24, 2026 5w ago | 8-K | $19.84 $19.95 | ▲ +0.55% | ▲ +0.78% | $19.93 (+0.45%) |
Jul 1, 2026 17w ago | 144 | $17.99 $19.17 | ▼ −6.56% | ▼ −5.63% | $19.93 (−10.78%) |
Jun 11, 2026 20w ago | Institutional Cluster | $18.47 $18.04 | ▼ −2.33% | ▼ −2.76% | $19.93 (+7.90%) |
Jun 1, 2026 21w ago | 8-K | $18.86 $18.32 | ▼ −2.86% | ▲ +0.10% | $19.93 (+5.67%) |
US Market Status
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