Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Waterbridge Infrastructure L (WB)

253 + Investors. Track Smart Money conviction in WB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +36
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — WB

Based on 254 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added WB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
254 hedge funds hold WB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +72% more funds vs a year ago

fund count last 6Q
+106 new funds entered over the past year (+72% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

163 buying116 selling
Last quarter: 163 funds bought or added vs 116 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+20 vs last Q)

new funds entering per quarter
Funds opening a new WB position: 23 → 114 → 49 → 69. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 15% medium ■ 33% new
132 out of 254 hedge funds have held WB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +49% but shares only +21% — price-driven

Value
+48%
Shares
+20%
Last quarter: the total dollar value of institutional holdings rose +49%, but actual share count only changed +21%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~69 new funds/quarter

29 → 23 → 114 → 49 → 69 new funds/Q
New funds entering each quarter: 23 → 114 → 49 → 69. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 27% newcomers

■ 66% veterans ■ 7% 1-2yr ■ 27% new
Entry-cohort mix of 309 holders: 204 (66%) are 2+ year veterans, 21 entered 1–2 years ago, and 84 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
42 of 253 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — WB

In 2026 Q1, 163 hedge funds were net buyers of WB (69 opened a new position, 94 added to an existing one), while 116 reduced or exited (83 trimmed, 33 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 20% of total institutional value in WB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +36 funds (more new holders than closures). Total institutional holders: 254.

Hedge Fund Ownership: WB

How many hedge funds hold WB — quarterly history vs. share price
Quarterly hedge fund ownership of WB vs. share price

Market Analysis: WB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WB

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Waterbridge Infrastructure L (WB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WB has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
WB
-10.5%
XLC
-3.4%

WB outperformed XLC by -7.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
WB
-9.9%
XLC
-7.7%

Since the filing became public, WB outperformed XLC by -2.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 3 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: WB
253 + Investors

Track Smart Money conviction in WB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 253 218 16.06%
13F Shares 102M 85M 20.52%
Total Value $1.79B $1.21B 48.48%
New Positions 68 49 +19
Increased Positions 85 78 +7
Closed Positions 33 61 -28
Reduced Positions 63 55 +8
Total Calls 4 5 -20.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.25 0.8 Bearish

Statistics: WB

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

253 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in WB. Verified SEC 13F-HR filings.

QUARTER:
Top 25 WB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Devon Energy Corp/de 100.00% 17,757,225 $475.7M
2 Emory University 10.02% 1,000,000 $26.8M
3 Hamilton Lane Advisors LLC 4.98% 260,314 $7.0M
4 Tensile Capital Management LP 3.78% 984,574 $26.4M
5 Caz Investments LP 3.52% 112,500 $3.0M
6 Mad River Investors 2.61% 270,900 $7.3M
7 Horizon Kinetics Asset Management LLC 2.13% 7,342,147 $196.7M
8 Ranger Investment Management, L.P. 1.79% 924,570 $24.8M
9 Schwartz Investment Counsel Inc 1.53% 1,603,029 $42.9M
10 Cinctive Capital Management LP 1.03% 588,908 $15.8M
11 Promethium Advisors,LLC 0.99% 71,097 $1.9M
12 Pecaut & CO. 0.76% 87,500 $2.3M
13 EagleClaw Capital Managment, LLC 0.75% 200,200 $5.4M
14 Hill City Capital, LP 0.67% 700,000 $18.8M
15 Fideuram - Intesa Sanpaolo Private Banking S.P.A. 0.60% 641,861 $17.2M
16 Seven Grand Managers, LLC 0.45% 250,000 $6.7M
17 Atlas Wealth Partners, LLC 0.43% 15,715 $421K
18 Adalta Capital Management LLC 0.32% 24,625 $660K
19 BankChampaign, National Association 0.31% 11,513 $308K
20 Msrh, LLC 0.28% 12,500 $250K
21 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.27% 202,500 $5.4M
22 Moors & Cabot, Inc. 0.27% 234,082 $6.3M
23 Militia Capital Management LLC 0.26% 42,800 $1.1M
24 Massar Capital Management, LP 0.24% 84,224 $2.3M
25 Aventail Capital Group, LP 0.24% 184,230 $4.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Waterbridge Infrastructure L (WB)

What does the Smart Money Trend signal show for WB?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added WB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for WB?

Slight buying edge — 58% buying: Last quarter: 163 funds bought or added vs 116 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for WB holders?

Strong quality — 20% AUM from major funds: 42 of 253 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held WB?

52% of holders stayed for 2+ years: 132 out of 254 hedge funds have held WB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Waterbridge Infrastructure L (WB) following the 2026 Q1 hedge fund 13F filings?

As of today, WB has moved -9.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to -7.7% for the XLC sector ETF — an outperformance of -2.2%. Since the quarter end (March 31, 2026), WB has gained -10.5% vs -3.4% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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