SCHEDULE: FMR LLC, Abigail Johnson Disclose 8.5% Stake in Waterbridge Infrastructure

Sentiment:

Beneficial Ownership Disclosure 5 November 2025 11:49 AM

📋All filings for Waterbridge Infrastructure LLC

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, disclosing beneficial ownership of 8.5% of Waterbridge Infrastructure LLC's Class A Common Stock as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson reported beneficial ownership of 3,693,839 shares of Waterbridge Infrastructure LLC's Class A Common Stock.
This beneficial ownership represents 8.5% of the total outstanding Class A Common Stock of Waterbridge Infrastructure LLC.
The filing was made as a Schedule 13G, certifying that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
FMR LLC is classified as a parent holding company (HC) and Abigail P. Johnson as an individual (IN) reporting person.
The beneficial ownership is held through various FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, which itself beneficially owns 5% or greater of the outstanding shares.
Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a predominant owner of FMR LLC's Series B voting common shares, is deemed to beneficially own the same shares as FMR LLC.

Sentiment

Score: 7

Explanation: The filing reveals a substantial 8.5% beneficial ownership by FMR LLC and its CEO, Abigail P. Johnson, in Waterbridge Infrastructure LLC. This indicates a significant institutional investment, which is typically viewed as a positive endorsement of the company's value and prospects, even if the investment is passive and for ordinary business purposes.

Positives

A significant stake of 8.5% by a major institutional investor like FMR LLC (Fidelity) can be interpreted as a vote of confidence in Waterbridge Infrastructure LLC.
The filing explicitly states the investment is for ordinary course of business and not for control, suggesting a passive, potentially long-term investment perspective.

Future Outlook

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

The disclosure of a significant stake by a major asset manager like FMR LLC (Fidelity) in an infrastructure company like Waterbridge Infrastructure LLC highlights continued institutional interest in the infrastructure sector. This sector often attracts long-term investors due to its stable cash flows and essential services, aligning with the typical investment profile of large funds managed by FMR.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Ownership Structure Disclosure	Abigail P. Johnson is a Director, Chairman, and Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power.		Through their ownership of voting common shares and a shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

Stakeholder Impact

Shareholders: Existing shareholders may view the significant institutional investment by FMR LLC as a positive signal, potentially increasing confidence and attracting further investment.
Management: The company's management might see this as validation of their strategy and operations, though the filing explicitly states the investment is not for control purposes.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference.
2025-09-30	Date of event which requires filing of this statement, representing the measurement date for beneficial ownership.
2025-11-04	Date of signing of the Schedule 13G statement by Stephanie J. Brown on behalf of FMR LLC and Abigail P. Johnson.

Recommendation

hold

The filing indicates a substantial 8.5% beneficial ownership by FMR LLC and Abigail P. Johnson in Waterbridge Infrastructure LLC. This is a positive signal, demonstrating significant institutional confidence in the company. However, as a Schedule 13G, it explicitly states the investment is passive and not intended to influence control. Without further operational or financial performance data from Waterbridge Infrastructure LLC, this disclosure primarily serves to confirm institutional interest rather than providing a basis for an aggressive buy or sell recommendation. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions or conduct further due diligence before making new investment decisions.

Keywords

Waterbridge Infrastructure LLC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Fidelity, Infrastructure, SEC Filing

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