WBINYSEOil & Gas Field Services, NECFiscal year ends December 31
WaterBridge Infrastructure LLC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$28.19−0.30 (-1.05%)
Close on Oct 19, 2026
- Market cap
- $1.37B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
58.3%
72M of 123M shares
Institutional holders
163
45 new, 35 sold out
Net institutional buying
16M
In Q2 2026
Insider trades, 12 months
4 buys · 4 sales
Net sold $583.90M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 7,342,147 | 17.00% | 13G (passive) amendment | Mar 31, 2026 |
| T. Rowe Price Investment Management, Inc. | 5,375,063 | 11.40% | 13G (passive) | Jun 30, 2026 |
| David Capobianco | 53,743,584 | 52.10% | 13G (passive) amendment | Jun 22, 2026 |
| FMR LLC | 3,693,839 | 8.50% | 13G (passive) | Sep 30, 2025 |
| GIC Special Investments Private Limited | 3,398,115 | 7.90% | 13G (passive) | Sep 18, 2025 |
| Devon WB Holdco L.L.C. | 17,757,225 | 29.10% | 13G (passive) | Sep 30, 2025 |
| WPX Energy Permian, LLC | 16,002,051 | 22.40% | 13G (passive) amendment | Jun 30, 2026 |
| ALPS Advisors, Inc. | 12,299,138 | 9.96% | 13G (passive) amendment | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WBI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Devon Energy Corp/De | 16,002,051 | 12.96% | $548.39M | −1,755,174 | 34.43% |
| Alps Advisors Inc | 9,851,493 | 7.98% | $337.61M | New | 1.58% |
| Horizon Kinetics Asset Management LLC | 7,650,237 | 6.20% | $262.17M | +308,090 | 2.97% |
| T. Rowe Price Investment Management, Inc. | 5,375,063 | 4.35% | $184.20K | +3,221,462 | 0.12% |
| FMR LLC | 3,869,296 | 3.13% | $132.60M | −94,478 | 0.01% |
| Hood River Capital Management LLC | 1,960,405 | 1.59% | $67.18M | +1,339,831 | 0.49% |
| UBS Group AG | 1,935,231 | 1.57% | $66.32M | +1,607,570 | 0.01% |
| Schwartz Investment Counsel Inc | 1,681,789 | 1.36% | $57.63M | +78,760 | 1.91% |
| Capital Research Global Investors | 1,497,559 | 1.21% | $51.32M | New | 0.01% |
| Tensile Capital Management LP | 1,082,533 | 0.88% | $37.10M | +97,959 | 5.12% |
| Ameriprise Financial Inc | 1,074,786 | 0.87% | $36.83M | −104,739 | 0.01% |
| Emory University | 1,001,685 | 0.81% | $34.33M | +1,685 | 21.44% |
| JPMorgan Chase & Co | 905,080 | 0.73% | $30.14M | +863,196 | 0.00% |
| Balyasny Asset Management L.P. | 831,453 | 0.67% | $28.49M | +812,377 | 0.04% |
| Jennison Associates LLC | 821,534 | 0.67% | $28.15M | +497,611 | 0.02% |
| First Manhattan Co. LLC. | 803,720 | 0.65% | $27.54M | – | 0.07% |
| William Blair Investment Management, LLC | 783,780 | 0.63% | $26.86M | New | 0.08% |
| Marshall Wace, Llp | 705,798 | 0.57% | $24.19M | +32,808 | 0.02% |
| Hill City Capital, LP | 700,000 | 0.57% | $23.99M | – | 0.56% |
| Ranger Investment Management, L.P. | 682,262 | 0.55% | $23.38M | −242,308 | 1.48% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 163 | 72M | 58.3% | 45 / 53 | 43 / 35 | 25M | 8M |
| Q1 2026 | 155 | 56M | 45.1% | 68 / 46 | 21 / 14 | 29M | 7M |
| Q4 2025 | 105 | 35M | 28.1% | 34 / 41 | 15 / 43 | 6M | 6M |
| Q3 2025 | 116 | 35M | 28.2% | 116 / 0 | 0 / 0 | 35M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WBI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Horizon Kinetics Inflation Beneficiaries ETF | 2,493,673 | 2.02% | $85.46M | 5.80% | Jun 30, 2026 |
| T. Rowe Price Small-Cap Stock Fund, Inc. | 2,382,881 | 1.93% | $81.66M | 0.88% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 1,457,312 | 1.18% | $49.94M | 0.05% | Jun 30, 2026 |
| T. Rowe Price Institutional Small-Cap Stock Fund | 1,278,876 | 1.04% | $43.83M | 0.87% | Jun 30, 2026 |
| Fidelity Capital Appreciation Fund | 920,500 | 0.75% | $31.50M | 0.40% | Jul 31, 2026 |
| Ave Maria Value Fund | 883,556 | 0.72% | $30.28M | 5.64% | Jun 30, 2026 |
| Hood River Small-Cap Growth Fund | 882,132 | 0.71% | $30.23M | 0.45% | Jun 30, 2026 |
| Kinetics Small Cap Opportunities Portfolio | 732,765 | 0.59% | $25.11M | 4.74% | Jun 30, 2026 |
| Fidelity Small Cap Growth Fund | 644,070 | 0.52% | $22.04M | 0.25% | Jul 31, 2026 |
| Federated Hermes Kaufmann Small Cap Fund | 630,000 | 0.51% | $21.56M | 0.76% | Jul 31, 2026 |
| Fidelity Blue Chip Growth Fund | 425,519 | 0.34% | $14.56M | 0.01% | Jul 31, 2026 |
| Kinetics Market Opportunities Portfolio | 416,632 | 0.34% | $14.28M | 4.72% | Jun 30, 2026 |
| Ave Maria Growth Focused Fund | 369,325 | 0.30% | $12.66M | 15.26% | Jun 30, 2026 |
| William Blair Small Cap Value Fund | 362,957 | 0.29% | $12.44M | 1.18% | Jun 30, 2026 |
| PGIM Jennison Natural Resources Fund | 355,945 | 0.29% | $12.18M | 1.34% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jason Thomas Long | Chief Executive Officer, Director | 169,293 | 0.14% | Sep 22, 2026 |
| Michael Howard Reitz JR | See Remarks | 127,003 | 0.10% | Sep 22, 2026 |
| Scott Lloyd McNeely | Executive VP, CFO | 99,315 | 0.08% | Sep 22, 2026 |
| Jason Frederick Williams | Executive VP, CAO | 90,704 | 0.07% | Sep 22, 2026 |
| Harrison Fenner Bolling | Executive VP and GC | 92,704 | 0.08% | Sep 22, 2026 |
| Valerie Chase | Director | 7,366 | 0.01% | Sep 22, 2026 |
| Janet Carrig | Director | 11,036 | 0.01% | Sep 22, 2026 |
| James R. Crane | Director | 311,036 | 0.25% | Sep 22, 2026 |
| Gregory S. Daily | Director | 86,036 | 0.07% | Sep 22, 2026 |
| David N. Capobianco | Director, 10% owner | 59,638,410 | 48.31% | Jun 22, 2026 |
| Kara Goodloe Harling | Director | – | – | Sep 17, 2025 |
| Jeffrey L. Ritenour | Director | – | – | Sep 17, 2025 |
| Frank Ed Bayouth II | Director | – | – | Sep 17, 2025 |
| Matthew Kevin Morrow | Director | – | – | Sep 17, 2025 |
| Benjamin Carrington Moore | Director | – | – | Sep 17, 2025 |
| Michael Stewart Sulton | Director | – | – | Sep 17, 2025 |
| Jeffrey Eaton | Director | – | – | Sep 17, 2025 |
| Wpx Energy, Inc. | 10% owner | 17,757,225 | 14.38% | Jun 24, 2026 |
| Energy Corp/De Devon | 10% owner | 16,002,051 | 12.96% | Jun 24, 2026 |
| WPX Energy Permian, LLC | 10% owner | 17,757,225 | 14.38% | Jun 24, 2026 |
| WB Holdco L.L.C. Devon | 10% owner | – | – | Jun 24, 2026 |
| NDB LLC WaterBridge | 10% owner | – | – | Jun 22, 2026 |
| Point Energy GP III LLC Five | 10% owner | 62,094,660 | 50.30% | Jun 22, 2026 |
| Point Energy GP II LP Five | 10% owner | – | – | Jun 22, 2026 |
| Point Energy GP III LP Five | 10% owner | – | – | Jun 22, 2026 |
| Point Energy GP I. LP Five | 10% owner | 59,638,410 | 48.31% | Jun 22, 2026 |
| Holdings LLC WBR | 10% owner | 56,226,677 | 45.54% | Jun 22, 2026 |
| Point Energy GP I. LLC Five | 10% owner | – | – | Jun 22, 2026 |
| Point Energy GP II LLC Five | 10% owner | – | – | Jun 22, 2026 |
| Environmental Holdings LLC Desert | 10% owner | – | – | Jun 22, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jason Thomas Long Chief Executive Officer, Director | Sep 18, 2026 | Tax withholding | −18,036 | $30.86 | $556.59K | 169,293 |
| Jason Frederick Williams Executive VP, CAO | Sep 18, 2026 | Tax withholding | −9,182 | $30.86 | $283.36K | 90,704 |
| Gregory S. Daily Director | Sep 18, 2026 | Award | +4,536 | – | – | 86,036 |
| Michael Howard Reitz JR See Remarks | Sep 18, 2026 | Tax withholding | −12,461 | $30.86 | $384.55K | 127,003 |
| Harrison Fenner Bolling Executive VP and GC | Sep 18, 2026 | Tax withholding | −9,182 | $30.86 | $283.36K | 92,704 |
| James R. Crane Director | Sep 18, 2026 | Award | +4,536 | – | – | 211,036 |
| Scott Lloyd McNeely Executive VP, CFO | Sep 18, 2026 | Tax withholding | −9,838 | $30.86 | $303.60K | 99,315 |
| Janet Carrig Director | Sep 18, 2026 | Award | +4,536 | – | – | 11,036 |
| Valerie Chase Director | Sep 18, 2026 | Award | +4,536 | – | – | 7,366 |
| Jason Thomas Long Chief Executive Officer, Director | Aug 4, 2026 | Award | +44,829 | – | – | 187,329 |
| Harrison Fenner Bolling Executive VP and GC | Aug 4, 2026 | Award | +29,886 | – | – | 101,886 |
| Scott Lloyd McNeely Executive VP, CFO | Aug 4, 2026 | Award | +32,875 | – | – | 109,153 |
| Jason Frederick Williams Executive VP, CAO | Aug 4, 2026 | Award | +29,886 | – | – | 99,886 |
| Michael Howard Reitz JR See Remarks | Aug 4, 2026 | Award | +39,599 | – | – | 139,464 |
| Energy Corp/De Devon 10% owner | Jun 22, 2026 | Sale | −1,755,174 | $30.05 | $52.74M | 0 |
| Energy Corp/De Devon 10% owner | Jun 22, 2026 | Other | −1,755,174 | – | – | 16,002,051 |
| Energy Corp/De Devon 10% owner | Jun 22, 2026 | Conversion | +1,755,174 | – | – | 1,755,174 |
| Resources LLC WaterBridge 10% owner | Jun 22, 2026 | Conversion | +4,464,012 | – | – | 7,875,747 |
| Resources LLC WaterBridge 10% owner | Jun 22, 2026 | Sale | −5,894,826 | $30.05 | $177.14M | 1,980,921 |
| Resources LLC WaterBridge 10% owner | Jun 22, 2026 | Other | −4,464,012 | – | – | 51,762,663 |
| David N. Capobianco Director, 10% owner | Jun 22, 2026 | Conversion | +4,464,012 | – | – | 7,875,747 |
| David N. Capobianco Director, 10% owner | Jun 22, 2026 | Sale | −5,894,826 | $30.05 | $177.14M | 1,980,921 |
| David N. Capobianco Director, 10% owner | Jun 22, 2026 | Other | −4,464,012 | – | – | 51,762,663 |
| Point Energy GP I. LP Five 10% owner | Jun 22, 2026 | Conversion | +4,464,012 | – | – | 7,875,747 |
| Point Energy GP I. LP Five 10% owner | Jun 22, 2026 | Sale | −5,894,826 | $30.05 | $177.14M | 1,980,921 |
| Point Energy GP I. LP Five 10% owner | Jun 22, 2026 | Other | −4,464,012 | – | – | 51,762,663 |
| Holdings LLC WBR 10% owner | May 6, 2026 | Other | −2,456,248 | – | – | 56,226,677 |
| David N. Capobianco Director, 10% owner | May 6, 2026 | Other | −2,456,248 | – | – | 56,226,677 |
| Resources LLC WaterBridge 10% owner | May 6, 2026 | Other | −2,456,248 | – | – | 56,226,677 |
| Valerie Chase Director | Apr 13, 2026 | Award | +2,830 | – | – | 2,830 |
| Michael Howard Reitz JR See Remarks | Jan 6, 2026 | Buy | +4,865 | $20.49 | $99.68K | 99,865 |
| Scott Lloyd McNeely See Remarks | Jan 6, 2026 | Buy | +1,278 | $19.56 | $25.00K | 76,278 |
| Jason Thomas Long Chief Executive Officer, Director | Jan 5, 2026 | Buy | +5,000 | $19.84 | $99.20K | 142,500 |
| Harrison Fenner Bolling See Remarks | Jan 5, 2026 | Buy | +2,000 | $19.98 | $39.96K | 72,000 |
| Janet Carrig Director | Dec 12, 2025 | Award | +6,500 | – | – | 6,500 |
| James R. Crane Director | Oct 1, 2025 | Award | +6,500 | – | – | 206,500 |
| Gregory S. Daily Director | Oct 1, 2025 | Award | +6,500 | – | – | 81,500 |
| Harrison Fenner Bolling Executive VP, General Counsel | Sep 18, 2025 | Award | +70,000 | – | – | 70,000 |
| James R. Crane Director | Sep 18, 2025 | Buy | +100,000 | $20.00 | $2.00M | 100,000 |
| James R. Crane Director | Sep 18, 2025 | Buy | +200,000 | $20.00 | $4.00M | 200,000 |
| Michael Howard Reitz JR President, COO | Sep 18, 2025 | Award | +95,000 | – | – | 95,000 |
| Jason Thomas Long Chief Executive Officer, Director | Sep 18, 2025 | Award | +137,500 | – | – | 137,500 |
| Scott Lloyd McNeely Executive VP, CFO | Sep 18, 2025 | Award | +75,000 | – | – | 75,000 |
| Jason Frederick Williams Executive VP, CAO | Sep 18, 2025 | Award | +70,000 | – | – | 70,000 |
| Gregory S. Daily Director | Sep 18, 2025 | Buy | +75,000 | $20.00 | $1.50M | 75,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Holdings LLC WBR 10% Stockholder | Jun 22, 2026 | 1,430,814 | $47.49M | Jun 22, 2026 | Corporate reorganization and initial public offering |
| Environmental Holdings LLC Desert 10% Stockholder | Jun 22, 2026 | 543,064 | $18.02M | Jun 22, 2026 | Corporate reorganization and initial public offering |
| Holdings LLC NDB 10% Stockholder | Jun 22, 2026 | 3,920,948 | $130.14M | Jun 22, 2026 | Corporate reorganization and initial public offering |
| WB Holdco L.L.C. Devon 10% Stockholder | Jun 22, 2026 | 1,755,174 | $58.25M | Jun 22, 2026 | Corporate reorganization and initial public offering |