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WaterBridge Infrastructure LLC 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and WaterBridge Infrastructure LLC’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 16Reported items
  • 120Asset managers
  • 1,359Fund votes
  • 2026-06-18Meeting date

Proxy season: 2025-2026

Explore WaterBridge Infrastructure LLC in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by WaterBridge Infrastructure LLC

These tallies are WaterBridge Infrastructure LLC’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

WaterBridge Infrastructure LLC — official shareholder meeting results, meeting held 2026-06-18
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: David N. Capobianco 89,809,530---- 17,336,3305,144,849 Majority: yes
Elect Director: Jason Long 91,413,636---- 15,732,2245,144,849 Majority: yes
Elect Director: Matthew K. Morrow 89,796,844---- 17,349,0165,144,849 Majority: yes
Elect Director: Michael S. Sulton 89,794,578---- 17,351,2825,144,849 Majority: yes
Elect Director: Frank Bayouth 89,797,109---- 17,348,7515,144,849 Majority: yes
Elect Director: Kara Goodloe Harling 89,797,339---- 17,348,5215,144,849 Majority: yes
Elect Director: Jeffrey Eaton 89,797,074---- 17,348,7865,144,849 Majority: yes
Elect Director: Ben Moore 89,778,881---- 17,366,9795,144,849 Majority: yes
Elect Director: James Crane 102,875,937---- 4,269,9235,144,849 Majority: yes
Elect Director: Greg Daily 105,196,168---- 1,949,6925,144,849 Majority: yes
Elect Director: Jeffrey Ritenour 89,801,011---- 17,344,8495,144,849 Majority: yes
Elect Director: Janet Carrig 106,914,565---- 231,2955,144,849 Majority: yes
Elect Director: Valerie P. Chase 106,949,257---- 196,6035,144,849 Majority: yes
Proposal 2: Ratification of the Appointment of Deloitte & Touche LLP as the Independent Registered Public Accounting Firm of the Company for Fiscal Year Ending December 31, 2026 112,126,827152,41211,470 ---- Majority: yes
Proposal 3: Non-binding, advisory vote to approve the compensation of the Company's Named Executive Officers 107,003,160113,26929,431 --5,144,849 Majority: yes

Source: WaterBridge Infrastructure LLC, Form 8-K — read the filing on EDGAR.

How asset managers voted at the WaterBridge Infrastructure LLC 2025-2026 meeting

Each item below shows how the 120 asset managers that disclosed a WaterBridge Infrastructure LLC vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of WaterBridge Infrastructure LLC’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To approve, on an advisory, non-binding basis, the compensation of our Named Executive Officers (Proposal No. 3); and

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 9 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 107,003,160AGAINST: 113,269

WaterBridge Infrastructure LLC’s own tally for this item (“Proposal 3: Non-binding, advisory vote to approve the compensation of the Company's Named Executive Officers”): 107,003,160 for, 113,269 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 120 asset managers below cast 100% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR 99.9%
FOR: 100.0%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “To approve, on an advisory, non-binding basis, the compensation of our Named Executive Officers (Proposal No. ” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
DEVON ENERGY CORP/DE17,757,2250 00For
Fidelity7,263,5470 00For
T. Rowe Price4,041,4570 00For
HORIZON KINETICS ASSET MANAGEMENT LLC3,634,3170 00For
Federated Hermes1,266,0000 00For
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Tensile Capital Management LP984,5740 00For
Ranger Investment Management, L.P.832,0050 00For
AMERIPRISE FINANCIAL INC810,1840 00For
Loomis Sayles683,7610 00For
MARSHALL WACE, LLP595,0080 00For
Cinctive Capital Management LP555,2070 00For
Ultimus Managers Trust544,1680 00For
FIRST MANHATTAN CO. LLC.543,7200 00For
Hood River Capital Management LLC520,5830 00For
Morgan Stanley464,4040 00For
SILVERCREST ASSET MANAGEMENT GROUP LLC409,4510 00For
REAVES UTILITY INCOME FUND400,0000 00For
Russell Investments340,0180 00For
JENNISON ASSOCIATES LLC324,1840 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

2. To approve, on an advisory, non- binding basis, the frequency of future advisory votes on the compensation of our Named Executive Officers (Proposal No. 4).

SECTION 14A SAY-ON-PAY VOTES

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

1 YEAR 56%ONE YEAR 43%

The 117 asset managers below cast 100% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR: 1.0%1 YEAR: 56.3%ONE YEAR: 42.7%THREE YEARS: 0.0%3 YEARS: 0.0%1-YEAR: 0.0%1.0: 0.0%
Largest asset managers voting on “To approve, on an advisory, non- binding basis, the frequency of future advisory votes on the compensation of ” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
DEVON ENERGY CORP/DE00 001 Year
Fidelity00 00One Year
Ultimus Managers Trust00 001 Year
T. Rowe Price00 00One Year
HORIZON KINETICS ASSET MANAGEMENT LLC00 00One Year
Federated Hermes00 001 Year
KINETICS MUTUAL FUNDS INC00 00One Year
KINETICS PORTFOLIOS TRUST00 00One Year
Tensile Capital Management LP00 001 Year
Ranger Investment Management, L.P.00 00One Year
AMERIPRISE FINANCIAL INC00 00One Year
Loomis Sayles00 00One Year
MARSHALL WACE, LLP00 001 Year
Cinctive Capital Management LP00 00One Year
FIRST MANHATTAN CO. LLC.00 001 Year
Hood River Capital Management LLC00 001 Year
Morgan Stanley00 00One Year
SILVERCREST ASSET MANAGEMENT GROUP LLC00 001 Year
REAVES UTILITY INCOME FUND400,0000 00For
Russell Investments00 001 Year
JENNISON ASSOCIATES LLC00 001 Year
Prudential/PGIM00 00One Year
Manager Directed Portfolios00 001 Year
Equitable00 00One Year
NXG Cushing Midstream Energy Fund00 001 Year

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

3. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Ben Moore

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,778,881WITHHELD: 17,366,979

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Ben Moore”): 89,778,881 for, 17,366,979 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

4. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): David N. Capobianco

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,809,530WITHHELD: 17,336,330

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: David N. Capobianco”): 89,809,530 for, 17,336,330 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

5. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Frank Bayouth

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,797,109WITHHELD: 17,348,751

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Frank Bayouth”): 89,797,109 for, 17,348,751 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

6. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Greg Daily

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 105,196,168WITHHELD: 1,949,692

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Greg Daily”): 105,196,168 for, 1,949,692 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (10,133,376 for, 976 against).

FOR 90%10%
FOR: 10,133,376 (89.9%)AGAINST: 976 (0.0%)ABSTAIN: 1,136,532 (10.1%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity3,196,8320 00For
T. Rowe Price1,651,2940 00For
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Federated Hermes633,0000 00For
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds125,0000 00For
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust48,9370 00For
Transamerica47,4900 00For
Vanguard2730 21,6160Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST19,6900 00For
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

7. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): James Crane

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 102,875,937WITHHELD: 4,269,923

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: James Crane”): 102,875,937 for, 4,269,923 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (8,482,082 for, 976 against).

FOR 75%ABSTAIN 25%
FOR: 8,482,082 (75.3%)AGAINST: 976 (0.0%)ABSTAIN: 2,787,826 (24.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity3,196,8320 00For
T. Rowe Price00 1,651,2940Abstain
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Federated Hermes633,0000 00For
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds125,0000 00For
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust48,9370 00For
Transamerica47,4900 00For
Vanguard2730 21,6160Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST19,6900 00For
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

8. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Janet Carrig

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 106,914,565WITHHELD: 231,295

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Janet Carrig”): 106,914,565 for, 231,295 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (11,248,368 for, 976 against).

FOR 99.8%
FOR: 11,248,368 (99.8%)AGAINST: 976 (0.0%)ABSTAIN: 21,540 (0.2%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity3,196,8320 00For
T. Rowe Price1,651,2940 00For
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Federated Hermes633,0000 00For
Ultimus Managers Trust544,1680 00For
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower207,6850 00For
Loomis Sayles132,4390 00For
LKCM Funds125,0000 00For
Russell Investments112,5060 00For
NEEDHAM FUNDS INC110,0000 00For
Brighthouse106,2590 00For
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust48,9370 00For
Transamerica47,4900 00For
Vanguard3490 21,5400Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST19,6900 00For
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

9. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Jason Long

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

85% Majority: yes · of votes cast

FOR 85%WITHHELD 15%
FOR: 91,413,636WITHHELD: 15,732,224

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Jason Long”): 91,413,636 for, 15,732,224 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (4,111,056 for, 976 against).

FOR 36%ABSTAIN 64%
FOR: 4,111,056 (36.5%)AGAINST: 976 (0.0%)ABSTAIN: 7,158,852 (63.5%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,651,2940 00For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes633,0000 00For
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

10. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Jeffrey Eaton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,797,074WITHHELD: 17,348,786

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Jeffrey Eaton”): 89,797,074 for, 17,348,786 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

11. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Jeffrey Ritenour

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,801,011WITHHELD: 17,344,849

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Jeffrey Ritenour”): 89,801,011 for, 17,344,849 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

12. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Kara Goodloe Harling

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,797,339WITHHELD: 17,348,521

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Kara Goodloe Harling”): 89,797,339 for, 17,348,521 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

13. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Matthew K. Morrow

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,796,844WITHHELD: 17,349,016

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Matthew K. Morrow”): 89,796,844 for, 17,349,016 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

14. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Michael S. Sulton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%WITHHELD 16%
FOR: 89,794,578WITHHELD: 17,351,282

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Michael S. Sulton”): 89,794,578 for, 17,351,282 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (3,413,454 for, 976 against).

FOR 30%ABSTAIN 70%
FOR: 3,413,454 (30.3%)AGAINST: 976 (0.0%)ABSTAIN: 7,856,454 (69.7%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity54,2520 3,142,5800Abstain
T. Rowe Price1,589,5620 61,7320For
KINETICS MUTUAL FUNDS INC00 1,213,8950Abstain
KINETICS PORTFOLIOS TRUST00 1,213,8950Abstain
Federated Hermes00 633,0000Abstain
Ultimus Managers Trust00 544,1680Abstain
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable71,5080 198,0650Abstain
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower00 207,6850Abstain
Loomis Sayles00 132,4390Abstain
LKCM Funds00 125,0000Abstain
Russell Investments00 112,5060Abstain
NEEDHAM FUNDS INC110,0000 00For
Brighthouse00 106,2590Abstain
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust00 48,9370Abstain
Transamerica00 47,4900Abstain
Vanguard2710 21,6180Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST00 19,6900Abstain
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

15. To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1): Valerie P. Chase

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 106,949,257WITHHELD: 196,603

WaterBridge Infrastructure LLC’s own tally for this item (“Elect Director: Valerie P. Chase”): 106,949,257 for, 196,603 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.9% of the shares they voted on this item FOR (11,248,368 for, 976 against).

FOR 99.8%
FOR: 11,248,368 (99.8%)AGAINST: 976 (0.0%)ABSTAIN: 21,540 (0.2%)
Largest asset managers voting on “To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such di” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity3,196,8320 00For
T. Rowe Price1,651,2940 00For
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Federated Hermes633,0000 00For
Ultimus Managers Trust544,1680 00For
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower207,6850 00For
Loomis Sayles132,4390 00For
LKCM Funds125,0000 00For
Russell Investments112,5060 00For
NEEDHAM FUNDS INC110,0000 00For
Brighthouse106,2590 00For
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust48,9370 00For
Transamerica47,4900 00For
Vanguard3490 21,5400Abstain
SPEND LIFE WISELY FUNDS INVESTMENT TRUST19,6900 00For
NORTHERN LIGHTS FUND TRUST III11,3280 00For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

16. To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 (Proposal No. 2);

AUDIT-RELATEDMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 112,126,827AGAINST: 152,412

WaterBridge Infrastructure LLC’s own tally for this item (“Proposal 2: Ratification of the Appointment of Deloitte & Touche LLP as the Independent Registered Public Accounting Firm of the Company for Fiscal Year Ending December 31, 2026”): 112,126,827 for, 152,412 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 33 asset managers below cast 99.8% of the shares they voted on this item FOR (11,259,401 for, 11,483 against).

FOR 99.8%
FOR: 11,259,401 (99.9%)AGAINST: 11,483 (0.1%)
Largest asset managers voting on “To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for th” at WaterBridge Infrastructure LLC, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity3,196,8320 00For
T. Rowe Price1,651,2940 00For
KINETICS MUTUAL FUNDS INC1,213,8950 00For
KINETICS PORTFOLIOS TRUST1,213,8950 00For
Federated Hermes633,0000 00For
Ultimus Managers Trust544,1680 00For
REAVES UTILITY INCOME FUND400,0000 00For
Prudential/PGIM294,0810 00For
Manager Directed Portfolios278,1820 00For
Equitable269,5730 00For
NXG Cushing Midstream Energy Fund220,0000 00For
New York Life220,0000 00For
Empower207,6850 00For
Loomis Sayles132,4390 00For
LKCM Funds125,0000 00For
Russell Investments112,5060 00For
NEEDHAM FUNDS INC110,0000 00For
Brighthouse106,2590 00For
Morgan Stanley91,8520 00For
NXG NextGen Infrastructure Income Fund70,0000 00For
First Trust48,9370 00For
Transamerica47,4900 00For
Vanguard21,734155 00For
SPEND LIFE WISELY FUNDS INVESTMENT TRUST19,6900 00For
NORTHERN LIGHTS FUND TRUST III011,328 00Against

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

Largest WaterBridge Infrastructure LLC shareholders voting in 2025-2026

Ranked by the number of WaterBridge Infrastructure LLC shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 43,889,957 shares outstanding at the time of that meeting.

Top WaterBridge Infrastructure LLC shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1DEVON ENERGY CORP/DE 40.46%
2Fidelity 16.55%
3T. Rowe Price 9.21%
4HORIZON KINETICS ASSET MANAGEMENT LLC 8.28%
5Federated Hermes 2.88%
6KINETICS MUTUAL FUNDS INC 2.77%
7KINETICS PORTFOLIOS TRUST 2.77%
8Tensile Capital Management LP 2.24%
9Ranger Investment Management, L.P. 1.90%
10AMERIPRISE FINANCIAL INC 1.85%

Reported WaterBridge Infrastructure LLC ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

WaterBridge Infrastructure LLC beneficial owners on record for the 2025-2026 proxy season
Holder % outstanding Disclosure
David Capobianco 122.45% 13G
NDB Holdings LLC 94.38% DEF14A
Devon WB Holdco L.L.C. 36.46% 13G
HORIZON KINETICS ASSET MANAGEMENT LLC 16.73% 13G
Desert Environmental Holdings LLC 14.11% DEF14A
FMR (Fidelity) 9.03% 13F
David N. Capobianco 7.77% DEF14A
WBR Holdings LLC 7.77% DEF14A
Morgan Stanley 2.56% 13F
Citadel Advisors 2.19% 13F

Percentages above are of 43,889,957 shares outstanding, as reported by WaterBridge Infrastructure LLC on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from WaterBridge Infrastructure LLC’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At WaterBridge Infrastructure LLC's shareholder meeting held 2026-06-18, in the 2025-2026 proxy season, 120 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,359 separate fund positions. Their filings are grouped here into 16 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — To approve, on an advisory, non-binding basis, the compensation of our Named Executive Officers… — FOR was 99.8% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: WaterBridge Infrastructure LLC's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

WaterBridge Infrastructure LLC proxy season coverage: 2025-2026 (this page).