Reproducing the issue
This can be seen on the Basic Usage page from Select2, which is where this gif is sourced from.

Attempted Solutions
I know of a "fix" but it requires me to place every select2 call within a window.onpageshow listener.
This solution is heavy handed and doesn't address the actual issue with the placeholder/initialized options replacing the selected option on page load.
Conclusion
I'm looking for a more conclusive answer to this problem, targeting it at the source. Can anyone help me in identifying what css/js to override to remedy this placeholder replacement of the selected option on page load?
Thanks for reading.