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WBI

WaterBridge Infrastructure LLC
WBI

105 hedge funds and large institutions have $693M invested in WaterBridge Infrastructure LLC in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 41 increasing their positions, 15 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,859% more call options, than puts

Call options by funds: $1.31M | Put options by funds: $22K

173% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 15

80.06% more ownership

Funds ownership: 0% → 80.06% (+80%)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

9% less funds holding

Funds holding: 116 → 105 (-11)

21% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 43

21% less capital invested

Capital invested by funds: $877M → $693M (-$184M)

Holders
105
Holders Change
-11
Holders Change %
-9.48%
% of All Funds
1.28%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
34
Increased
41
Reduced
15
Closed
43
Calls
$1.31M
Puts
$22K
Net Calls
+$1.29M
Net Calls Change
+$1.29M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$24.2M
2
HKAM
Horizon Kinetics Asset Management
New York
+$11.2M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$8M
4
CCM
Cinctive Capital Management
New York
+$7.27M
5
SIC
Schwartz Investment Counsel
Michigan
+$7.24M

Top Sellers

Rank Fund Capital Flow
1
Blackstone Inc
Blackstone Inc
New York
-$17M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$16.9M
3
BlackRock
BlackRock
New York
-$14.1M
4
ZP
Zimmer Partners
New York
-$14.1M
5
Citadel Advisors
Citadel Advisors
Florida
-$11.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$137M +$11.2M +483,214 +8%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$80.8M +$8M +344,921 +9%
Millennium Management
3
Millennium Management
New York
$30M +$24.2M +1,045,148 +231%
SIC
4
Schwartz Investment Counsel
Michigan
$27.7M +$7.24M +312,000 +29%
Ameriprise
5
Ameriprise
Minnesota
$25.3M +$2.5M +107,871 +9%
Morgan Stanley
6
Morgan Stanley
New York
$22.5M +$1.4M +60,538 +6%
SCM
7
Steadfast Capital Management
New York
$21.1M +$2.21M +95,100 +10%
CCM
8
Cinctive Capital Management
New York
$20.8M +$7.27M +313,481 +43%
EU
9
Emory University
Georgia
$20M – – –
HLA
10
Hamilton Lane Advisors
Pennsylvania
$20M – – –
MIM
11
Merewether Investment Management
Texas
$17.4M – – –
First Manhattan
12
First Manhattan
New York
$16.1M +$86.3K +3,720 +0.5%
HCC
13
Hill City Capital
Massachusetts
$14M – – –
Federated Hermes
14
Federated Hermes
Pennsylvania
$12.7M – – –
WHG
15
Westwood Holdings Group
Texas
$12.2M +$247K +10,655 +2%
HRCM
16
Hood River Capital Management
Florida
$12.2M +$194K +8,360 +1%
RIM
17
Ranger Investment Management
Texas
$11.6M +$4.67M +201,171 +53%
TCM
18
Tensile Capital Management
California
$10.6M +$5.31M +228,806 +76%
YCM
19
Yaupon Capital Management
New York
$9.95M -$11.7M -502,954 -50%
WHRC
20
W.H. Reaves & Co
New Jersey
$9M – – –
Raymond James Financial
21
Raymond James Financial
Florida
$8.85M +$27.8K +1,197 +0.3%
CIBC Private Wealth Group
22
CIBC Private Wealth Group
Georgia
$8M +$6.96M +300,000 +300%
Jane Street
23
Jane Street
New York
$7.85M -$31.1K -1,342 -0.3%
Jennison Associates
24
Jennison Associates
New York
$6.14M +$882K +38,011 +14%
GCM
25
Ghisallo Capital Management
Massachusetts
$6M – – –
1
2 3 4 5

WBI Hedge Fund Activity: Q4 2025 in Review

105 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in WaterBridge Infrastructure LLC (WBI) for Q4 2025, worth a combined $693M — down 21% from $877M a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of WBI and 34 opened new positions — a net loss of 9 holders — while 15 trimmed existing stakes and 41 added.

The largest buyer was Millennium Management, adding an estimated $24.2M. The largest seller was Blackstone Inc, exiting entirely with an estimated $17M sold.

  • 105 institutional investors held WaterBridge Infrastructure LLC (WBI) as of Q4 2025, down from 116 in Q3 2025.
  • Funds reported $693M of WaterBridge Infrastructure LLC stock for Q4 2025, down 21% quarter-over-quarter.
  • 34 funds opened new WaterBridge Infrastructure LLC positions in Q4 2025 and 43 closed out, a net change of -9 holders.
  • The largest WaterBridge Infrastructure LLC buyer in Q4 2025 was Millennium Management, an estimated $24.2M added.
  • The largest WaterBridge Infrastructure LLC seller in Q4 2025 was Blackstone Inc, an estimated $17M sold.

Based on aggregated 13F filings for Q4 2025.