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 ≈ $34.25. Options: 6 managers hold calls ($8.7m notional), 5 hold puts ($5.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 116 |
| Q4 2025 | 105 |
| Q1 2026 | 155 |
| Q2 2026 | 163 |
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 |
| Q2 2026 | 94 | 76 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $1.3m | $22.0k | 0.02 |
| Q1 2026 | $1.0m | $6.7m | 6.55 |
| Q2 2026 | $8.7m | $5.5m | 0.63 |
Biggest buyers
| ALPS ADVISORS INC | New | +9.9m |
| T. Rowe Price Investment Management, Inc. | Added | +3.2m |
| UBS Group AG | Added | +1.6m |
| Capital Research Global Investors | New | +1.5m |
| Hood River Capital Management LLC | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +863.2k |
| Balyasny Asset Management L.P. | Added | +812.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +783.8k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | New | +532.3k |
| JENNISON ASSOCIATES LLC | Added | +497.6k |
Biggest sellers
| Devon Energy Corp/DE | Reduced | -1.8m |
| CITADEL ADVISORS LLC | Reduced | -771.7k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -464.9k |
| Cinctive Capital Management LP | Reduced | -391.8k |
| Walleye Capital LLC | Sold out | -365.4k |
| Zimmer Partners, LP | Sold out | -320.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -280.6k |
| REAVES W H & CO INC | Reduced | -280.0k |
| HRT FINANCIAL LP | Sold out | -263.6k |
| HAMILTON LANE ADVISORS LLC | Sold out | -260.3k |
Biggest calls
| Caption Management, LLC | New | $5.6m162.0k shares |
| JANE STREET GROUP, LLC | New | $1.3m38.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $877.3k25.6k shares |
| IMC-Chicago, LLC | Reduced | $479.8k14.0k shares |
| CITADEL ADVISORS LLC | New | $387.3k11.3k shares |
| SIMPLEX TRADING, LLC | New | $72.0k2.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m62.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m37.1k shares |
| JANE STREET GROUP, LLC | Added | $873.9k25.5k shares |
| IMC-Chicago, LLC | Reduced | $747.1k21.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $469.5k13.7k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 1 | $177.1m | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-22 | Capobianco David N Director · See Footnotes · Class A shares | Sold | $177.1m5.9m shares |
| 2026-06-22 | Five Point Energy GP III LP +8 10% owner · See Footnotes · Class A shares | Sold | $177.1m5.9m shares |
| 2026-06-22 | WaterBridge Resources LLC +1 10% owner · See Footnotes · Class A shares | Sold | $177.1m5.9m shares |
| 2026-06-22 | DEVON ENERGY CORP/DE +3 10% owner · See Footnote · Class A Shares | Sold | $52.7m1.8m 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Devon Energy Corp/DE 34.43% of their portfolio | 16.0m $548.4m | Reduced -1.8m |
| ALPS ADVISORS INC 1.58% of their portfolio | 9.9m $337.6m | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 2.97% of their portfolio | 7.7m $262.2m | Added +308.1k |
| T. Rowe Price Investment Management, Inc. 0.12% of their portfolio | 5.4m $184.2m | Added +3.2m |
| FMR LLC 0.01% of their portfolio | 3.9m $132.6m | Reduced -94.5k |
| Hood River Capital Management LLC 0.49% of their portfolio | 2.0m $67.2m | Added +1.3m |
| UBS Group AG 0.01% of their portfolio | 1.9m $66.3m | Added +1.6m |
| SCHWARTZ INVESTMENT COUNSEL INC 1.91% of their portfolio | 1.7m $57.6m | Added +78.8k |
| Capital Research Global Investors 0.01% of their portfolio | 1.5m $51.3m | New |
| Tensile Capital Management LP 5.12% of their portfolio | 1.1m $37.1m | Added +98.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.1m $36.8m | Reduced -104.7k |
| EMORY UNIVERSITY 21.44% of their portfolio | 1.0m $34.3m | Added +1.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 905.1k $30.1m | Added +863.2k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 831.5k $28.5m | Added +812.4k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 821.5k $28.2m | Added +497.6k |
| FIRST MANHATTAN CO. LLC. 0.07% of their portfolio | 803.7k $27.5m | Unchanged |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 783.8k $26.9m | New |
| MARSHALL WACE, LLP 0.02% of their portfolio | 705.8k $24.2m | Added +32.8k |
| Hill City Capital, LP 0.56% of their portfolio | 700.0k $24.0m | Unchanged |
| Ranger Investment Management, L.P. 1.48% of their portfolio | 682.3k $23.4m | Reduced -242.3k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.95% of their portfolio | 620.0k $21.2m | Added +417.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 600.2k $20.6m | Added +381.8k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 599.4k $20.5m | Reduced -1.2k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 590.0k $20.2m | Reduced -43.0k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. 0.58% of their portfolio | 562.3k $19.3m | Reduced -79.5k |
| WESTWOOD HOLDINGS GROUP INC 0.14% of their portfolio | 547.5k $18.8m | Reduced -195.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.12% of their portfolio | 532.3k $18.2m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 495.6k $17.0m | Added +215.0k |
| MORGAN STANLEY 0.00% of their portfolio | 414.5k $14.2m | Reduced -227.0k |
| Westend Capital Management, LLC 2.62% of their portfolio | 333.7k $11.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 322.6k $11.1m | Added +6.7k |
| Artisan Partners Limited Partnership 0.02% of their portfolio | 314.0k $10.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 292.9k $10.0m | Reduced -280.6k |
| MAD RIVER INVESTORS 3.43% of their portfolio | 267.8k $9.2m | Reduced -3.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 264.7k $9.1m | Reduced -58.4k |
| SEVEN GRAND MANAGERS, LLC 0.34% of their portfolio | 250.0k $8.6m | Unchanged |
| Moors & Cabot, Inc. 0.32% of their portfolio | 240.9k $8.3m | Added +6.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 218.8k $7.5m | Reduced -12.6k |
| EagleClaw Capital Managment, LLC 0.94% of their portfolio | 203.7k $7.0m | Added +3.5k |
| Ghisallo Capital Management LLC 0.13% of their portfolio | 200.0k $6.9m | Reduced -100.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 197.3k $6.8m | Reduced -53.4k |
| Cinctive Capital Management LP 0.27% of their portfolio | 197.1k $6.8m | Reduced -391.8k |
| TD Asset Management Inc 0.01% of their portfolio | 179.2k $6.1m | Added +121.9k |
| BlackRock, Inc. 0.00% of their portfolio | 178.3k $6.1m | Added +94.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 172.4k $5.9m | Added +362 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.08% of their portfolio | 170.7k $5.9m | Added +1.1k |
| REAVES W H & CO INC 0.09% of their portfolio | 170.0k $5.8m | Reduced -280.0k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 163.6k $5.6m | Added +20.3k |
| Burkehill Global Management, LP 0.19% of their portfolio | 150.0k $5.1m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 149.2k $5.1m | Added +23.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 147.6k $5.1m | Added +98.6k |
| Holocene Advisors, LP 0.01% of their portfolio | 143.8k $4.9m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 137.9k $4.7m | Reduced -771.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 136.7k $4.7m | Reduced -655 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 127.2k $4.4m | New |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 112.5k $3.9m | Added +2.5k |
| Concurrent Investment Advisors, LLC 0.03% of their portfolio | 109.2k $3.7m | Added +9.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 104.8k $3.6m | Reduced -23.2k |
| LMR Partners LLP 0.03% of their portfolio | 104.4k $3.6m | Unchanged |
| CAZ INVESTMENTS LP 1.13% of their portfolio | 100.0k $3.4m | Reduced -12.5k |
| ING GROEP NV 0.02% of their portfolio | 94.0k $3.2m | Unchanged |
| Jump Financial, LLC 0.03% of their portfolio | 87.6k $3.0m | Reduced -124.7k |
| PECAUT & CO. 0.91% of their portfolio | 87.0k $3.0m | Reduced -500 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 80.9k $2.8m | Reduced -8.4k |
| Swiss National Bank 0.00% of their portfolio | 80.2k $2.7m | Added +11.7k |
| Fideuram Asset Management (Ireland) dac 0.04% of their portfolio | 78.3k $2.2m | New |
| PROMETHIUM ADVISORS,LLC 1.23% of their portfolio | 74.9k $2.6m | Added +3.8k |
| HighTower Advisors, LLC 0.00% of their portfolio | 73.4k $2.5m | Reduced -27.0k |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 70.5k $2.4m | Added +8.7k |
| STATE STREET CORP 0.00% of their portfolio | 66.8k $2.3m | Added +50.0k |
| Militia Capital Management LLC 0.31% of their portfolio | 49.5k $1.7m | Reduced -78.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 45.2k $1.5m | Added +12.3k |
| Advisory Services Network, LLC 0.02% of their portfolio | 40.5k $1.4m | Added +21.9k |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 38.7k $1.3m | Reduced -26.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 36.9k $1.3m | Reduced -1.5k |
| SIERRA SUMMIT ADVISORS LLC 0.14% of their portfolio | 36.7k $1.3m | New |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 35.7k $1.2m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 33.8k $1.2m | Added +33.4k |
| Beacon Pointe Advisors, LLC 0.01% of their portfolio | 32.1k $1.1m | New |
| VARCOV Co. 0.41% of their portfolio | 31.4k $1.1m | New |
| Sterling Capital Management LLC 0.02% of their portfolio | 31.1k $1.1m | New |
| Lido Advisors, LLC 0.00% of their portfolio | 30.3k $1.0m | Added +100 |
| NORGES BANK 0.00% of their portfolio | 29.0k $994.4k | Not comparable |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 28.5k $975.8k | Added +6.0k |
| Legal & General Group Plc 0.00% of their portfolio | 26.8k $918.2k | Added +1.9k |
| Benin Management CORP 0.18% of their portfolio | 25.6k $876.6k | Reduced -3.0k |
| Pekin Hardy Strauss, Inc. 0.08% of their portfolio | 25.4k $868.7k | Added +1.0k |
| Adalta Capital Management LLC 0.37% of their portfolio | 24.9k $852.5k | Added +250 |
| XTX Topco Ltd 0.01% of their portfolio | 24.1k $826.6k | Added +1.2k |
| LPL Financial LLC 0.00% of their portfolio | 20.5k $701.4k | Added +3.9k |
| Jupiter Topco LLC 0.00% of their portfolio | 20.2k $692.4k | First filing |
| PKS Advisory Services, LLC 0.10% of their portfolio | 18.7k $641.8k | New |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% of their portfolio | 18.2k $622.7k | New |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 18.0k $617.7k | Added +511 |
| Thompson David Blair 0.29% of their portfolio | 16.8k $576.8k | New |
| Atlas Wealth Partners, LLC 0.59% of their portfolio | 15.7k $538.6k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 15.3k $525.4k | Added +2.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 15.1k $518.5k | Added +2.9k |
| BOURGEON CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 14.6k $500.3k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 14.4k $493.3k | Added +3.7k |