diff --git a/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js b/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
index 3c0ca2684d..a60f70a0bc 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
@@ -48,10 +48,9 @@ function build_locations(locations) {
 /**
  * @param {ComponentClientTransformState} state
  * @param {Namespace} namespace
- * @param {Identifier} template_name
  * @param {number} [flags]
  */
-export function transform_template(state, namespace, template_name, flags) {
+export function transform_template(state, namespace, flags) {
 	const expression =
 		state.options.templatingMode === 'functional'
 			? template_to_functions(state.template.nodes)
@@ -64,7 +63,7 @@ export function transform_template(state, namespace, template_name, flags) {
 	);
 
 	if (dev) {
-		call = b.call(
+		return b.call(
 			'$.add_locations',
 			call,
 			b.member(b.id(state.analysis.name), '$.FILENAME', true),
@@ -72,5 +71,5 @@ export function transform_template(state, namespace, template_name, flags) {
 		);
 	}
 
-	state.hoisted.push(b.var(template_name, call));
+	return call;
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Fragment.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Fragment.js
index 9a9b186d47..151258bbc0 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Fragment.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Fragment.js
@@ -96,7 +96,8 @@ export function Fragment(node, context) {
 
 		let flags = state.template.needs_import_node ? TEMPLATE_USE_IMPORT_NODE : undefined;
 
-		transform_template(state, namespace, template_name, flags);
+		const template = transform_template(state, namespace, flags);
+		state.hoisted.push(b.var(template_name, template));
 
 		body.push(b.var(id, b.call(template_name)));
 		close = b.stmt(b.call('$.append', b.id('$$anchor'), id));
@@ -144,7 +145,8 @@ export function Fragment(node, context) {
 					// special case — we can use `$.comment` instead of creating a unique template
 					body.push(b.var(id, b.call('$.comment')));
 				} else {
-					transform_template(state, namespace, template_name, flags);
+					const template = transform_template(state, namespace, flags);
+					state.hoisted.push(b.var(template_name, template));
 
 					body.push(b.var(id, b.call(template_name)));
 				}