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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
Vestcor Inc5,483$1.34M0.04%00.0%Unchanged
O'Shaughnessy Asset Management, LLC5,491$1.35M0.01%+1,193+27.8%Added
JustInvest LLC5,514$1.35M0.02%+265+5.0%Added
CI Private Wealth, LLC5,528$1.35M0.00%−348−5.9%Reduced
HighTower Advisors, LLC5,634$1.38M0.00%−1,091−16.2%Reduced
Gsa Capital Partners LLP5,649$1.38M0.10%−1,610−22.2%Reduced
Mariner, LLC5,744$1.41M0.00%−762−11.7%Reduced
Flputnam Investment Management Co5,865$1.44M0.02%00.0%Unchanged
TD Asset Management Inc5,900$1.45M0.00%−2,200−27.2%Reduced
CWM Advisors, LLC5,938$1.45M0.16%+3,759+172.5%Added
Needham Investment Management LLC6,000$1.47M0.12%−8,500−58.6%Reduced
Caxton Associates LLP6,221$1.52M0.04%+6,221New
Royce & Associates LP6,499$1.59M0.02%00.0%Unchanged
Meiji Yasuda Asset Management Co Ltd.6,645$1.63M0.08%−916−12.1%Reduced
Ethic Inc.6,647$1.64M0.03%+1,633+32.6%Added
State Board of Administration of Florida Retirement System6,686$1.64M0.00%+549+8.9%Added
Oregon Public Employees Retirement Fund6,742$1.65M0.03%−33−0.5%Reduced
Police & Firemen's Retirement System of New Jersey6,753$1.65M0.02%+361+5.6%Added
Caisse de Depot Et Placement du Quebec6,848$1.68M0.00%−11,894−63.5%Reduced
Johnson Financial Group, Inc.6,970$1.71M0.08%−1,000−12.5%Reduced
Consolidated Planning Corp7,084$1.74M0.22%+729+11.5%Added
Mercer Global Advisors Inc7,202$1.76M0.00%−341−4.5%Reduced
DnB Asset Management AS7,216$1.77M0.01%+2,300+46.8%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys7,562$1.85M0.01%+524+7.4%Added
Values First Advisors, Inc.7,679$1.88M1.02%−1,060−12.1%Reduced
Essex Investment Management Co LLC7,877$1.93M0.35%−5,921−42.9%Reduced
Town & Country Bank & Trust CO dba First Bankers Trust CO7,904$1.94M0.72%+514+7.0%Added
Gallo Partners, LP8,151$2.00M1.31%−1,123−12.1%Reduced
Quantbot Technologies LP8,208$2.01M0.05%−3,030−27.0%Reduced
Union Bancaire Privee, UBP SA8,167$2.02M0.03%−379−4.4%Reduced
Amalgamated Bank8,382$2.05M0.02%+10.0%Added
We Are One Seven, LLC8,469$2.07M0.07%+1,297+18.1%Added
Steward Partners Investment Advisory, LLC8,573$2.10M0.02%+6,965+433.1%Added
Arizona State Retirement System8,583$2.10M0.01%+146+1.7%Added
Nebula Research & Development LLC8,637$2.12M0.18%−3,900−31.1%Reduced
Maryland State Retirement & Pension System8,649$2.12M0.05%+54+0.6%Added
Teachers Retirement System of the State of Kentucky8,693$2.13M0.02%−613−6.6%Reduced
Empowered Funds, LLC8,740$2.14M0.02%+6,396+272.9%Added
Ensign Peak Advisors, Inc8,748$2.14M0.00%−1,250−12.5%Reduced
Coldstream Capital Management Inc9,011$2.21M0.04%+186+2.1%Added
Zions Bancorporation, National Association9,203$2.25M0.12%−1,877−16.9%Reduced
Cim, LLC9,284$2.27M0.31%−363−3.8%Reduced
State of New Jersey Common Pension Fund D9,381$2.30M0.01%00.0%Unchanged
Engineers Gate Manager LP9,526$2.33M0.03%−4,062−29.9%Reduced
Pathstone Holdings, LLC9,678$2.37M0.01%+836+9.5%Added
Handelsbanken Fonder AB9,834$2.41M0.01%+85+0.9%Added
Oak Ridge Investments LLC10,209$2.50M0.18%−398−3.8%Reduced
Stifel Financial Corp10,448$2.56M0.00%−68−0.6%Reduced
Wellington Management Group LLP10,755$2.63M0.00%−4,424−29.1%Reduced
Carderock Capital Management Inc10,790$2.64M0.68%+10,790New
PDT Partners, LLC11,036$2.70M0.15%00.0%Unchanged
Argent Capital Management LLC11,370$2.79M0.08%+11,370New
New York State Teachers Retirement System11,734$2.87M0.01%+100+0.9%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main11,814$2.89M0.00%+1,500+14.5%Added
Martingale Asset Management L P11,941$2.92M0.07%−1,099−8.4%Reduced
The PNC Financial Services Group, Inc.11,968$2.93M0.00%−5,375−31.0%Reduced
Yousif Capital Management, LLC12,018$2.94M0.03%+144+1.2%Added
Nelson, Van Denburg & Campbell Wealth Management Group, LLC12,213$2.99M0.10%−166−1.3%Reduced
Bridges Investment Management Inc12,276$3.01M0.04%+1,547+14.4%Added
Bank of Montreal12,318$3.02M0.00%−2,859−18.8%Reduced
Davy Global Fund Management Ltd12,503$3.06M0.27%−1,151−8.4%Reduced
Annex Advisory Services, LLC12,838$3.14M0.08%−50−0.4%Reduced
Linden Thomas Advisory Services, LLC12,875$3.15M0.35%−125−1.0%Reduced
Brevan Howard Capital Management LP13,075$3.20M0.04%+3,787+40.8%Added
Cavalier Investments, LLC13,124$3.21M0.97%−253−1.9%Reduced
Vident Advisory, LLC13,124$3.21M0.04%−12,121−48.0%Reduced
Castleark Management LLC13,490$3.30M0.10%+13,490New
Marietta Investment Partners LLC13,785$3.38M0.74%+350+2.6%Added
Louisiana State Employees Retirement System13,800$3.38M0.06%−100−0.7%Reduced
Segall Bryant & Hamill, LLC13,904$3.41M0.05%+3,284+30.9%Added
State of Tennessee, Treasury Department14,281$3.50M0.01%−1,804−11.2%Reduced
Aquatic Capital Management LLC14,400$3.53M0.07%+10,479+267.3%Added
Russell Investments Group, Ltd.14,499$3.55M0.00%−4,071−21.9%Reduced
Capital Fund Management S.A.14,561$3.57M0.04%−10,620−42.2%Reduced
Tower View Investment Management & Research LLC14,746$3.61M1.87%+73+0.5%Added
Summit Financial, LLC15,182$3.72M0.08%+414+2.8%Added
Algert Global LLC15,233$3.73M0.08%−43,406−74.0%Reduced
Verition Fund Management LLC15,485$3.79M0.02%+5,957+62.5%Added
KBC Group NV15,490$3.79M0.01%−18,573−54.5%Reduced
Monument Capital Management15,588$3.82M0.99%+60+0.4%Added
Farrow Financial Inc.15,850$3.88M2.36%−3,017−16.0%Reduced
Illinois Municipal Retirement Fund16,010$3.92M0.05%+337+2.2%Added
AXA S.A.16,090$3.94M0.01%−15,062−48.4%Reduced
Manufacturers Life Insurance Company, The16,095$3.94M0.00%−760−4.5%Reduced
Donaldson Capital Management, LLC16,469$4.03M0.15%+110+0.7%Added
Old Second National Bank of Aurora16,749$4.10M0.90%−270−1.6%Reduced
Zacks Investment Management17,259$4.23M0.04%−385−2.2%Reduced
State of Alaska, Department of Revenue17,544$4.30M0.05%+1,247+7.7%Added
Montanaro Asset Management Ltd17,600$4.31M1.11%−2,900−14.1%Reduced
XXEC, Inc.17,748$4.35M3.49%−741−4.0%Reduced
Voya Investment Management LLC17,994$4.41M0.00%+184+1.0%Added
EAM Global Investors LLC18,745$4.59M1.19%+18,745New
Wealth Enhancement Advisory Services, LLC19,189$4.66M0.01%−44−0.2%Reduced
Trillium Asset Management, LLC19,084$4.68M0.13%−545−2.8%Reduced
HSBC Holdings PLC19,036$4.68M0.00%−2,777−12.7%Reduced
American Century Companies Inc19,320$4.73M0.00%+1,909+11.0%Added
AQR Capital Management LLC20,233$4.96M0.00%−14,882−42.4%Reduced
SEI Investments Co20,494$5.02M0.01%+1,736+9.3%Added
Thrivent Financial for Lutherans21,657$5.30M0.01%+54+0.2%Added
Campbell & CO Investment Adviser LLC22,117$5.42M0.34%+22,117New