WATERBRIDGE INFRASTRUCTURE L WBI
CL A SHS REPSTG · Common Stock · CUSIP 940923105
- SectorEnergy
- IndustryOil & Gas Field Services, NEC
- HeadquartersHouston, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $26.79. Options: 2 managers hold calls ($1.0m notional), 7 hold puts ($6.7m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 116 |
| Q4 2025 | 105 |
| Q1 2026 | 155 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2025 | 72 | 55 |
| Q1 2026 | 108 | 34 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $1.3m | $22.0k | 0.02 |
| Q1 2026 | $1.0m | $6.7m | 6.55 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +2.2m |
| CITADEL ADVISORS LLC | Added | +866.4k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | New | +641.9k |
| LOOMIS SAYLES & CO L P | New | +600.6k |
| MARSHALL WACE, LLP | Added | +518.1k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Added | +504.6k |
| Tensile Capital Management LP | Added | +455.8k |
| Ranger Investment Management, L.P. | Added | +345.6k |
| Zimmer Partners, LP | New | +320.0k |
| TWO SIGMA INVESTMENTS, LP | New | +280.7k |
Biggest sellers
| STEADFAST CAPITAL MANAGEMENT LP | Sold out | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -924.8k |
| Merewether Investment Management, LP | Sold out | -870.4k |
| HAMILTON LANE ADVISORS LLC | Reduced | -739.7k |
| Yaupon Capital Management LP | Sold out | -497.0k |
| MORGAN STANLEY | Reduced | -484.1k |
| Cinctive Capital Management LP | Reduced | -448.4k |
| HITE Hedge Asset Management LLC | Sold out | -284.7k |
| Longaeva Partners L.P. | Reduced | -282.6k |
| VAN ECK ASSOCIATES CORP | Sold out | -244.2k |
Biggest calls
| IMC-Chicago, LLC | New | $610.8k22.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $404.5k15.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $3.1m116.6k shares |
| CITADEL ADVISORS LLC | New | $1.4m53.3k shares |
| IMC-Chicago, LLC | New | $779.6k29.1k shares |
| SIMPLEX TRADING, LLC | New | $659.0k24.6k shares |
| JANE STREET GROUP, LLC | New | $648.3k24.2k shares |
| GROUP ONE TRADING LLC | Reduced | $8.0k300 shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $8.0k300 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| WBR Holdings LLC 13G · exempt (held before listing) -8.8 pts · filed 2026-06-26 | 52.1% |
| Devon WB Holdco L.L.C. 13G · exempt (held before listing) -6.7 pts · filed 2026-08-13 | 22.4% |
| HORIZON KINETICS ASSET MANAGEMENT LLC 13G · institution +1.2 pts · filed 2026-04-29 | 17.0% |
| T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2026-07-08 | 11.4% |
| ALPS ADVISORS INC 13G · institution +2.0 pts · filed 2026-10-07 | 10.0% |
| FMR LLC 13G · institution new · filed 2025-11-05 | 8.5% |
| GIC Private Ltd 13G · exempt (held before listing) new · filed 2025-11-06 | 7.9% |
Fell to 5% or below in the last year: Elda River Infrastructure WB LLC (0.0%, 2026-05-11)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $7.5m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 4 | $263.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-01-06 | Reitz Michael Howard JR Officer · Class A shares | Bought | $99.7k4.9k shares |
| 2026-01-06 | McNeely Scott Lloyd Officer · Class A shares | Bought | $25.0k1.3k shares |
| 2026-01-05 | Long Jason Thomas Chief Executive Officer, director · Class A shares | Bought | $99.2k5.0k shares |
| 2026-01-05 | Bolling Harrison Fenner Officer · Class A shares | Bought | $40.0k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Devon Energy Corp/DE 100.00% of their portfolio | 17.8m $475.7m | First filing |
| HORIZON KINETICS ASSET MANAGEMENT LLC 2.13% of their portfolio | 7.3m $196.7m | Added +504.6k |
| FMR LLC 0.01% of their portfolio | 4.0m $106.2m | Reduced -75.0k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 2.2m $57.7m | New |
| SCHWARTZ INVESTMENT COUNSEL INC 1.53% of their portfolio | 1.6m $42.9m | Added +218.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.2m $31.6m | Reduced -83.7k |
| EMORY UNIVERSITY 10.02% of their portfolio | 1.0m $26.8m | Unchanged |
| Tensile Capital Management LP 3.78% of their portfolio | 984.6k $26.4m | Added +455.8k |
| Ranger Investment Management, L.P. 1.79% of their portfolio | 924.6k $24.8m | Added +345.6k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 909.7k $24.4m | Added +866.4k |
| FIRST MANHATTAN CO. LLC. 0.06% of their portfolio | 803.7k $21.5m | Unchanged |
| WESTWOOD HOLDINGS GROUP INC 0.15% of their portfolio | 743.2k $19.9m | Added +132.5k |
| Hill City Capital, LP 0.67% of their portfolio | 700.0k $18.8m | Unchanged |
| MARSHALL WACE, LLP 0.02% of their portfolio | 673.0k $18.0m | Added +518.1k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. 0.60% of their portfolio | 641.9k $17.2m | New |
| MORGAN STANLEY 0.00% of their portfolio | 641.6k $17.2m | Reduced -484.1k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 633.0k $17.0m | Unchanged |
| Hood River Capital Management LLC 0.17% of their portfolio | 620.6k $16.6m | Added +12.2k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 600.6k $16.1m | New |
| Cinctive Capital Management LP 1.04% of their portfolio | 588.9k $15.8m | Reduced -448.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 573.5k $15.4m | Reduced -924.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 464.9k $12.5m | Added +263.7k |
| REAVES W H & CO INC 0.20% of their portfolio | 450.0k $12.1m | Unchanged |
| Walleye Capital LLC 0.06% of their portfolio | 365.4k $9.8m | Added +262.2k |
| UBS Group AG 0.00% of their portfolio | 327.7k $8.8m | Added +90.7k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 323.9k $8.7m | Added +17.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 323.1k $8.7m | Added +263.1k |
| Zimmer Partners, LP 0.21% of their portfolio | 320.0k $8.6m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 315.9k $8.5m | Reduced -126.6k |
| Ghisallo Capital Management LLC 0.22% of their portfolio | 300.0k $8.0m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 280.7k $7.5m | New |
| MAD RIVER INVESTORS 2.62% of their portfolio | 270.9k $7.3m | Added +13.9k |
| HRT FINANCIAL LP 0.03% of their portfolio | 263.6k $7.1m | Added +92.4k |
| HAMILTON LANE ADVISORS LLC 4.98% of their portfolio | 260.3k $7.0m | Reduced -739.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 250.7k $6.7m | Added +101.9k |
| SEVEN GRAND MANAGERS, LLC 0.45% of their portfolio | 250.0k $6.7m | Unchanged |
| Moors & Cabot, Inc. 0.27% of their portfolio | 234.1k $6.3m | Added +130.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 231.5k $6.2m | Added +104.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 218.4k $5.9m | Added +56.2k |
| Jump Financial, LLC 0.08% of their portfolio | 212.3k $5.7m | Added +165.9k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.27% of their portfolio | 202.5k $5.4m | New |
| EagleClaw Capital Managment, LLC 0.75% of their portfolio | 200.2k $5.4m | Added +80.4k |
| Aventail Capital Group, LP 0.24% of their portfolio | 184.2k $4.9m | Added +60.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 174.8k $4.7m | Reduced -217.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 172.0k $4.6m | Added +20.0k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.07% of their portfolio | 169.6k $4.5m | Reduced -38.0k |
| Burkehill Global Management, LP 0.20% of their portfolio | 150.0k $4.0m | Unchanged |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 143.4k $3.8m | Reduced -66.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 137.4k $3.7m | Added +10.9k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 131.3k $3.5m | Added +6.1k |
| Militia Capital Management LLC 0.26% of their portfolio | 128.4k $3.4m | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 128.0k $3.4m | Reduced -9.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 125.4k $3.4m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 117.3k $3.1m | New |
| CAZ INVESTMENTS LP 3.63% of their portfolio | 112.5k $3.0m | Unchanged |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 110.0k $2.9m | Unchanged |
| LMR Partners LLP 0.03% of their portfolio | 104.4k $2.8m | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 100.4k $2.7m | Added +51.9k |
| Concurrent Investment Advisors, LLC 0.03% of their portfolio | 99.2k $2.7m | Added +87.6k |
| Aquatic Capital Management LLC 0.08% of their portfolio | 98.7k $2.6m | New |
| ING GROEP NV 0.02% of their portfolio | 94.0k $2.5m | Unchanged |
| Trexquant Investment LP 0.02% of their portfolio | 92.2k $2.5m | New |
| Quantbot Technologies LP 0.10% of their portfolio | 90.1k $2.4m | Added +59.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 89.3k $2.4m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 89.2k $2.4m | New |
| PECAUT & CO. 0.76% of their portfolio | 87.5k $2.3m | Added +21.0k |
| BlackRock, Inc. 0.00% of their portfolio | 84.3k $2.3m | Reduced -38.6k |
| Massar Capital Management, LP 0.45% of their portfolio | 84.2k $2.3m | New |
| PROMETHIUM ADVISORS,LLC 0.99% of their portfolio | 71.1k $1.9m | Added +6.9k |
| Swiss National Bank 0.00% of their portfolio | 68.5k $1.8m | New |
| GSA CAPITAL PARTNERS LLP 0.11% of their portfolio | 64.8k $1.7m | New |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 61.8k $1.7m | Added +51.6k |
| Weiss Asset Management LP 0.03% of their portfolio | 60.0k $1.6m | Added +45.0k |
| TD Asset Management Inc 0.00% of their portfolio | 57.3k $1.5m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 49.0k $1.3m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 41.9k $1.1m | New |
| Quadrature Capital Ltd 0.01% of their portfolio | 41.3k $1.1m | Added +19.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio | 38.5k $1.2m | Reduced -27.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 38.3k $1.0m | Added +20.5k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 35.5k $950.7k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 34.7k $930.3k | Added +11.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 32.9k $882.4k | New |
| Lido Advisors, LLC 0.00% of their portfolio | 30.2k $809.0k | Unchanged |
| Benin Management CORP 0.17% of their portfolio | 28.6k $767.0k | Added +10.2k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 25.9k $694.9k | Reduced -71.8k |
| Legal & General Group Plc 0.00% of their portfolio | 24.9k $666.2k | New |
| Adalta Capital Management LLC 0.32% of their portfolio | 24.6k $659.7k | New |
| Pekin Hardy Strauss, Inc. 0.07% of their portfolio | 24.4k $652.3k | Added +10.8k |
| XTX Topco Ltd 0.01% of their portfolio | 22.9k $613.7k | Reduced -44.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 22.5k $602.0k | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 21.9k $586.4k | First filing |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 20.2k $540.9k | New |
| Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio | 19.9k $531.8k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 19.1k $511.0k | Reduced -44.0k |
| Advisory Services Network, LLC 0.01% of their portfolio | 18.6k $498.4k | Added +3.4k |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 17.5k $469.2k | Added +4.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 17.0k $457.0k | New |
| STATE STREET CORP 0.00% of their portfolio | 16.8k $451.3k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 16.7k $447.6k | New |
| LPL Financial LLC 0.00% of their portfolio | 16.6k $444.3k | Reduced -3.2k |