Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Waterbridge Infrastructure L (WB)

249 + 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
↓ -3
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — WB

Based on 252 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their WB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
252 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 — +77% more funds vs a year ago

fund count last 6Q
+110 new funds entered over the past year (+77% 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 — 52% buying

160 buying145 selling
Last quarter: 160 funds bought or added vs 145 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.
⚠️

Fewer new buyers each quarter (-17 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 115 → 49 → 69 → 52. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 25% medium ■ 24% new
130 out of 252 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 +46% but shares only +19% — price-driven

Value
+46%
Shares
+18%
Last quarter: the total dollar value of institutional holdings rose +46%, but actual share count only changed +19%. 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.
📊

Peak discovery — momentum slowing

23 → 115 → 49 → 69 → 52 new funds/Q
New funds entering each quarter: 115 → 49 → 69 → 52. WB is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

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, 22 entered 1–2 years ago, and 83 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
47 of 250 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 Q2, 160 hedge funds were net buyers of WB (52 opened a new position, 108 added to an existing one), while 145 reduced or exited (90 trimmed, 55 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 23% of total institutional value in WB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 252.

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 Q2 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 June 30, 2026 · 68d ago
WB
-7.6%
XLC
+4.6%

WB outperformed XLC by -12.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 23d ago
WB
-12.5%
XLC
-0.8%

Since the filing became public, WB outperformed XLC by -11.7% .

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.

13 top-rated funds 4 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: WB
249 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 249 255 -2.35%
13F Shares 120M 102M 17.32%
Total Value $2.57B $1.79B 43.64%
New Positions 52 69 -17
Increased Positions 82 85 -3
Closed Positions 56 33 +23
Reduced Positions 77 64 +13
Total Calls 5 4 25.0%
Total Puts 5 5 -
PUT/CALL Ratio 1.0 1.25 Neutral

Statistics: WB

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Valuation Measures Data as of: --

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

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

249 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Devon Energy Corp/de 34.43% 16,002,051 $548.4M
2 Emory University 21.44% 1,001,685 $34.3M
3 Tensile Capital Management LP 5.12% 1,082,533 $37.1M
4 Mad River Investors 3.42% 267,801 $9.2M
5 Horizon Kinetics Asset Management LLC 2.97% 7,650,237 $262.2M
6 Westend Capital Management, LLC 2.62% 333,660 $11.4M
7 Schwartz Investment Counsel Inc 1.91% 1,681,789 $57.6M
8 Caz Investments LP 1.79% 50,000 $1.7M
9 Alps Advisors Inc 1.58% 9,851,493 $337.6M
10 Ranger Investment Management, L.P. 1.48% 682,262 $23.4M
11 Promethium Advisors,LLC 1.23% 74,876 $2.6M
12 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.95% 620,000 $21.2M
13 EagleClaw Capital Managment, LLC 0.94% 203,650 $7.0M
14 Pecaut & CO. 0.91% 87,000 $3.0M
15 Hill City Capital, LP 0.61% 700,000 $24.0M
16 Atlas Wealth Partners, LLC 0.59% 15,715 $539K
17 Fideuram - Intesa Sanpaolo Private Banking S.P.A. 0.58% 562,311 $19.3M
18 Hood River Capital Management LLC 0.49% 1,960,405 $67.2M
19 VARCOV Co. 0.41% 31,419 $1.1M
20 Adalta Capital Management LLC 0.37% 24,875 $852K
21 Seven Grand Managers, LLC 0.34% 250,000 $8.6M
22 Moors & Cabot, Inc. 0.32% 240,869 $8.3M
23 BankChampaign, National Association 0.31% 11,635 $399K
24 Cinctive Capital Management LP 0.25% 197,078 $6.8M
25 Yorktown Management & Research Co Inc 0.22% 10,600 $363K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their WB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for WB?

Slight buying edge — 52% buying: Last quarter: 160 funds bought or added vs 145 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 — 23% AUM from major funds: 47 of 250 holders rank in the top 100 by AUM, accounting for 23% 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: 130 out of 252 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 Q2 hedge fund 13F filings?

As of today, WB has moved -12.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.8% for the XLC sector ETF — an outperformance of -11.7%. Since the quarter end (June 30, 2026), WB has gained -7.6% vs +4.6% 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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