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Badger Meter Inc

BMI
Exchange
NYSE
Industry
Totalizing Fluid Meters & Counting Devices
SEC CIK
0000009092

In the last 90 days, Badger Meter Inc insiders filed 1 open-market purchase and 0 sales; 483 institutions reported holding it in 13F filings for Q2 2026, worth $4.86B in total; Fundsmith is the only superinvestor holding it.

13F holders, Q2 2025

Institutional positions in Badger Meter Inc as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
536
+43 vs. Q1 2025
Shares held
28.3M
+276.8K (+1.0%) vs. Q1 2025
Total value
$6.92B
+$1.59B (+29.9%) vs. Q1 2025
New holders
88
178 more added
Sold out
45
193 more reduced

4 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BMI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 536 institutions
Q1 2021: 263 institutionsQ2 2021: 249 institutionsQ3 2021: 257 institutionsQ4 2021: 273 institutionsQ1 2022: 286 institutionsQ2 2022: 272 institutionsQ3 2022: 281 institutionsQ4 2022: 310 institutionsQ1 2023: 324 institutionsQ2 2023: 355 institutionsQ3 2023: 374 institutionsQ4 2023: 395 institutionsQ1 2024: 415 institutionsQ2 2024: 451 institutionsQ3 2024: 477 institutionsQ4 2024: 490 institutionsQ1 2025: 497 institutionsQ2 2025: 536 institutionsQ3 2025: 480 institutionsQ4 2025: 490 institutionsQ1 2026: 477 institutionsQ2 2026: 483 institutions
Value heldQ2 2025: $6.92B
Q1 2021: $2.36BQ2 2021: $2.48BQ3 2021: $2.56BQ4 2021: $3.05BQ1 2022: $2.53BQ2 2022: $2.07BQ3 2022: $2.37BQ4 2022: $2.74BQ1 2023: $3.13BQ2 2023: $3.82BQ3 2023: $3.77BQ4 2023: $4.06BQ1 2024: $4.25BQ2 2024: $4.90BQ3 2024: $5.75BQ4 2024: $5.72BQ1 2025: $5.33BQ2 2025: $6.92BQ3 2025: $5.06BQ4 2025: $5.17BQ1 2026: $4.63BQ2 2026: $4.86B
Institutions holding BMI and their total value by quarter
QuarterHoldersValue
Q2 2026483$4.86B
Q1 2026477$4.63B
Q4 2025490$5.17B
Q3 2025480$5.06B
Q2 2025536$6.92B
Q1 2025497$5.33B
Q4 2024490$5.72B
Q3 2024477$5.75B
Q2 2024451$4.90B
Q1 2024415$4.25B
Q4 2023395$4.06B
Q3 2023374$3.77B
Q2 2023355$3.82B
Q1 2023324$3.13B
Q4 2022310$2.74B
Q3 2022281$2.37B
Q2 2022272$2.07B
Q1 2022286$2.53B
Q4 2021273$3.05B
Q3 2021257$2.56B
Q2 2021249$2.48B
Q1 2021263$2.36B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Badger Meter Inc; share changes are against Q1 2025.

Institutions holding BMI in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Alpine Bank Wealth Management1,815$444.6K0.07%00.0%Unchanged
Modern Wealth Management, LLC1,827$447.5K0.01%+108+6.3%Added
Fortress Financial Solutions, LLC1,828$447.8K0.56%−15−0.8%Reduced
Synovus Financial Corp1,881$460.8K0.01%+526+38.8%Added
Ballentine Partners, LLC1,906$466.9K0.01%+412+27.6%Added
Great Lakes Retirement, Inc.1,911$468.1K0.06%−2−0.1%Reduced
Aviva PLC1,913$468.6K0.00%−1,105−36.6%Reduced
Argus Investors' Counsel, Inc.1,921$470.5K0.33%−141−6.8%Reduced
Chevy Chase Trust Holdings, Inc.1,929$472.5K0.00%00.0%Unchanged
Citadel Advisors LLC1,948$477.2K0.00%−44,533−95.8%Reduced
PFG Investments, LLC1,960$480.1K0.03%−53−2.6%Reduced
Fruth Investment Management2,000$489.0K0.13%00.0%Unchanged
Quantinno Capital Management LP2,013$493.2K0.00%+428+27.0%Added
Janney Montgomery Scott LLC2,022$495.0K0.00%−100−4.7%Reduced
Cresset Asset Management, LLC2,150$526.6K0.00%−374−14.8%Reduced
TFG Advisers LLC2,152$527.0K0.18%−226−9.5%Reduced
TD Waterhouse Canada Inc.2,283$548.9K0.00%−247−9.8%Reduced
Everence Capital Management Inc2,250$551.0K0.04%00.0%Unchanged
Lazard Freres Gestion S.A.S.2,250$551.0K0.01%+2,250New
GPS Wealth Strategies Group, LLC2,261$553.8K0.06%00.0%Unchanged
Alamea Verwaltungs GmbH2,326$569.8K0.43%+12+0.5%Added
Cetera Investment Advisers2,334$571.7K0.00%+223+10.6%Added
Midwest Professional Planners, LTD.2,368$580.0K0.15%00.0%Unchanged
Groupe la Francaise2,400$585.9K0.01%+2,400New
Umpqua Bank2,490$592.5K0.18%−355−12.5%Reduced
Norden Group LLC2,459$602.4K0.07%+70+2.9%Added
MML Investors Services, LLC2,479$607.0K0.00%−68−2.7%Reduced
First Interstate Bank2,590$634.4K0.04%+9+0.3%Added
Vestmark Advisory Solutions, Inc.2,617$641.0K0.01%+2,617New
Putney Financial Group LLC2,628$643.7K0.65%−50−1.9%Reduced
Federated Hermes, Inc.2,648$648.6K0.00%−39−1.5%Reduced
Freestone Grove Partners LP2,649$648.9K0.00%+2,649New
Dynamic Technology Lab Private Ltd2,680$656.0K0.09%−13,913−83.8%Reduced
Xponance, Inc.2,689$658.7K0.01%+71+2.7%Added
Ellenbecker Investment Group2,723$667.2K0.11%+3+0.1%Added
Great Lakes Advisors, LLC2,734$669.7K0.01%−305−10.0%Reduced
Colony Group, LLC2,755$674.7K0.00%+184+7.2%Added
FORA Capital, LLC2,768$678.0K0.08%+2,768New
Norway Savings Bank2,775$679.7K0.35%+57+2.1%Added
IHT Wealth Management, LLC2,776$680.0K0.02%−94−3.3%Reduced
TownSquare Capital, LLC2,800$685.9K0.07%−30,441−91.6%Reduced
Aureus Asset Management, LLC2,803$686.6K0.04%00.0%Unchanged
Virtu Financial LLC2,804$687.0K0.04%+451+19.2%Added
Van Hulzen Asset Management, LLC2,815$689.5K0.06%−361−11.4%Reduced
Evergreen Capital Management LLC2,880$705.5K0.02%+23+0.8%Added
Empirical Asset Management, LLC2,917$714.4K0.22%+507+21.0%Added
Corient IA LLC3,000$734.9K0.43%00.0%Unchanged
Ameritas Investment Partners, Inc.3,008$736.8K0.02%00.0%Unchanged
Vontobel Holding Ltd.3,024$740.7K0.00%−3,824−55.8%Reduced
Shell Asset Management Co3,055$748.0K0.03%+291+10.5%Added
Portside Wealth Group, LLC3,076$753.5K0.11%+2+0.1%Added
Twinbeech Capital LP3,146$770.6K0.02%+3,146New
Centiva Capital, LP3,161$774.3K0.05%−1,560−33.0%Reduced
PPS&V Asset Management Consultants, Inc.3,200$783.8K0.49%00.0%Unchanged
Teton Advisors, Inc.3,250$796.1K0.48%00.0%Unchanged
Tower Research Capital LLC (TRC)3,293$806.6K0.02%+2,526+329.3%Added
Public Employees Retirement Association of Colorado3,311$811.0K0.00%−6−0.2%Reduced
Atria Investments LLC3,385$829.1K0.01%+564+20.0%Added
Schroder Investment Management Group3,388$829.9K0.00%−1,421−29.5%Reduced
Cynosure Management, LLC3,395$831.6K0.09%−175−4.9%Reduced
Crossmark Global Holdings, Inc.3,398$832.3K0.01%+289+9.3%Added
Cambridge Investment Research Advisors, Inc.3,459$847.0K0.00%+728+26.7%Added
Susquehanna Fundamental Investments, LLC3,506$858.8K0.02%−15,384−81.4%Reduced
Alliance Wealth Advisors, LLC3,506$858.8K0.21%+56+1.6%Added
Davenport & Co LLC3,588$878.8K0.00%−37−1.0%Reduced
CIBC World Markets Corp3,658$896.0K0.01%−2,864−43.9%Reduced
Arjuna Capital3,694$904.8K0.24%−19−0.5%Reduced
STRS Ohio3,700$906.3K0.00%+600+19.4%Added
Mutual of America Capital Management LLC3,784$926.9K0.01%−499−11.7%Reduced
Scott Marsh Financial, LLC3,811$933.5K0.35%+3,811New
Gotham Asset Management, LLC3,839$940.4K0.01%−1,117−22.5%Reduced
Jones Financial Companies LLLP3,867$951.3K0.00%+743+23.8%Added
First Citizens Bank & Trust Co3,901$955.5K0.02%+2,588+197.1%Added
GWM Advisors LLC3,941$965.3K0.00%+175+4.6%Added
Dakota Wealth Management3,976$974.0K0.02%+3,976New
Numerai GP LLC3,997$979.1K0.14%−209−5.0%Reduced
Quadrant Capital Group LLC4,050$992.0K0.04%+121+3.1%Added
Kesler, Norman & Wride, LLC4,225$1.04M0.18%+48+1.1%Added
Horizon Investments, LLC4,349$1.07M0.02%+4,349New
Sequoia Financial Advisors, LLC4,492$1.10M0.01%+21+0.5%Added
Acadian Asset Management LLC4,504$1.10M0.00%−20−0.4%Reduced
Diversify Wealth Management, LLC5,749$1.11M0.07%+507+9.7%Added
Quadrature Capital Ltd4,534$1.11M0.02%+1,313+40.8%Added
Robeco Institutional Asset Management B.V.4,566$1.12M0.00%−508−10.0%Reduced
SG Americas Securities, LLC4,612$1.13M0.00%+2,670+137.5%Added
XTX Topco Ltd4,631$1.13M0.05%−1,754−27.5%Reduced
Two Sigma Investments, LP4,680$1.15M0.00%+4,680New
Advisor Group Holdings, Inc.4,675$1.15M0.00%−363−7.2%Reduced
Oddo BHF Asset Management SAS4,759$1.17M0.04%+4,759New
Legato Capital Management LLC4,803$1.18M0.14%−612−11.3%Reduced
Gibbs Wealth Management4,875$1.19M0.23%+700+16.8%Added
Envestnet Portfolio Solutions, Inc.4,971$1.22M0.00%+2,575+107.5%Added
Mitsubishi UFJ Asset Management (UK) Ltd.5,000$1.23M0.64%00.0%Unchanged
Mission Wealth Management, LP5,018$1.23M0.03%−58−1.1%Reduced
Simplex Trading, LLC5,169$1.27M0.03%+4,808+1,331.9%Added
River Street Advisors LLC5,233$1.28M0.55%+294+6.0%Added
Marshall Wace, LLP5,275$1.29M0.00%−10,691−67.0%Reduced
Integrated Quantitative Investments LLC5,280$1.29M0.38%+5,280New
Exchange Traded Concepts, LLC5,354$1.31M0.02%−36−0.7%Reduced
Lido Advisors, LLC5,373$1.32M0.01%+651+13.8%Added