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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
Great Lakes Advisors, LLC2,734$669.7K0.01%−305−10.0%Reduced
Ellenbecker Investment Group2,723$667.2K0.11%+3+0.1%Added
Xponance, Inc.2,689$658.7K0.01%+71+2.7%Added
Dynamic Technology Lab Private Ltd2,680$656.0K0.09%−13,913−83.8%Reduced
Freestone Grove Partners LP2,649$648.9K0.00%+2,649New
Federated Hermes, Inc.2,648$648.6K0.00%−39−1.5%Reduced
Putney Financial Group LLC2,628$643.7K0.65%−50−1.9%Reduced
Vestmark Advisory Solutions, Inc.2,617$641.0K0.01%+2,617New
First Interstate Bank2,590$634.4K0.04%+9+0.3%Added
MML Investors Services, LLC2,479$607.0K0.00%−68−2.7%Reduced
Norden Group LLC2,459$602.4K0.07%+70+2.9%Added
Umpqua Bank2,490$592.5K0.18%−355−12.5%Reduced
Groupe la Francaise2,400$585.9K0.01%+2,400New
Midwest Professional Planners, LTD.2,368$580.0K0.15%00.0%Unchanged
Cetera Investment Advisers2,334$571.7K0.00%+223+10.6%Added
Alamea Verwaltungs GmbH2,326$569.8K0.43%+12+0.5%Added
GPS Wealth Strategies Group, LLC2,261$553.8K0.06%00.0%Unchanged
Everence Capital Management Inc2,250$551.0K0.04%00.0%Unchanged
Lazard Freres Gestion S.A.S.2,250$551.0K0.01%+2,250New
TD Waterhouse Canada Inc.2,283$548.9K0.00%−247−9.8%Reduced
TFG Advisers LLC2,152$527.0K0.18%−226−9.5%Reduced
Cresset Asset Management, LLC2,150$526.6K0.00%−374−14.8%Reduced
Janney Montgomery Scott LLC2,022$495.0K0.00%−100−4.7%Reduced
Quantinno Capital Management LP2,013$493.2K0.00%+428+27.0%Added
Fruth Investment Management2,000$489.0K0.13%00.0%Unchanged
PFG Investments, LLC1,960$480.1K0.03%−53−2.6%Reduced
Citadel Advisors LLC1,948$477.2K0.00%−44,533−95.8%Reduced
Chevy Chase Trust Holdings, Inc.1,929$472.5K0.00%00.0%Unchanged
Argus Investors' Counsel, Inc.1,921$470.5K0.33%−141−6.8%Reduced
Aviva PLC1,913$468.6K0.00%−1,105−36.6%Reduced
Great Lakes Retirement, Inc.1,911$468.1K0.06%−2−0.1%Reduced
Ballentine Partners, LLC1,906$466.9K0.01%+412+27.6%Added
Synovus Financial Corp1,881$460.8K0.01%+526+38.8%Added
Fortress Financial Solutions, LLC1,828$447.8K0.56%−15−0.8%Reduced
Modern Wealth Management, LLC1,827$447.5K0.01%+108+6.3%Added
Alpine Bank Wealth Management1,815$444.6K0.07%00.0%Unchanged
Dundas Partners LLP8,444$434.4K0.03%+6,855+431.4%Added
Mackenzie Financial Corp1,769$433.3K0.00%00.0%Unchanged
Burney Co1,715$420.1K0.01%−100−5.5%Reduced
Susquehanna Portfolio Strategies, LLC1,694$414.9K0.01%+1,694New
EntryPoint Capital, LLC1,669$408.8K0.20%−1,905−53.3%Reduced
apricus wealth, LLC1,654$405.1K0.24%00.0%Unchanged
Yorktown Management & Research Co Inc1,650$404.2K0.39%00.0%Unchanged
Northside Capital Management, LLC1,650$404.2K0.03%00.0%Unchanged
KLCM Advisors, Inc.1,600$391.9K0.04%00.0%Unchanged
Rock Point Advisors, LLC1,600$391.9K0.11%00.0%Unchanged
Two Sigma Advisers, LP1,600$391.9K0.00%+200+14.3%Added
Inspire Advisors, LLC1,595$390.7K0.04%+304+23.5%Added
Resona Asset Management Co.,Ltd.1,586$389.8K0.00%+1,586New
Scientech Research LLC1,576$386.0K0.09%+446+39.5%Added
Glen Eagle Advisors, LLC1,564$383.1K0.06%00.0%Unchanged
Advisory Services Network, LLC1,950$368.0K0.01%+1,950New
Diversify Advisory Services, LLC1,912$367.6K0.01%+178+10.3%Added
Nvest Financial, LLC1,500$367.4K0.19%00.0%Unchanged
CIBC Private Wealth Group, LLC1,497$366.7K0.00%+886+145.0%Added
Millstone Evans Group, LLC1,490$365.0K0.25%00.0%Unchanged
Profund Advisors LLC1,472$360.6K0.01%+89+6.4%Added
New Age Alpha Advisors, LLC1,441$353.0K0.02%−62−4.1%Reduced
Virginia Retirement Systems Et Al1,400$342.9K0.00%+300+27.3%Added
Shelton Capital Management1,375$336.8K0.01%−35−2.5%Reduced
Graham Capital Management, L.P.1,305$319.7K0.01%−2,431−65.1%Reduced
Journey Strategic Wealth LLC1,296$317.5K0.01%+57+4.6%Added
Nisa Investment Advisors, LLC1,287$315.3K0.00%−5−0.4%Reduced
Stratos Wealth Partners, LTD.1,248$305.7K0.00%−86−6.4%Reduced
RSM US Wealth Management LLC1,235$302.5K0.00%−126−9.3%Reduced
Pinnacle Wealth Planning Services, Inc.1,235$302.5K0.04%+1,235New
Allianz SE1,212$296.9K0.01%+1,212New
Financiere des Professionnels - Fonds d,investissement inc.1,196$293.0K0.02%+1,196New
Pacer Advisors, Inc.1,187$290.8K0.00%+265+28.7%Added
Wiley Bros.-Aintree Capital, LLC1,160$284.1K0.00%+1,160New
Farringdon Capital, Ltd.1,153$282.4K0.09%+1,153New
Lebenthal Global Advisors, LLC1,140$279.3K0.05%+1,140New
Fox Run Management, L.L.C.1,138$278.8K0.05%−2,030−64.1%Reduced
Seeds Investor LLC1,125$275.5K0.06%−1−0.1%Reduced
Apollon Wealth Management, LLC1,082$265.0K0.01%+1,082New
QRG Capital Management, Inc.1,081$264.8K0.00%+1,081New
Institute for Wealth Management, LLC.1,077$263.9K0.03%−62−5.4%Reduced
Covestor Ltd1,070$262.0K0.15%+52+5.1%Added
FIL Ltd1,067$261.4K0.00%00.0%Unchanged
Capstone Investment Advisors, LLC1,063$260.4K0.00%+1,063New
Callan Family Office, LLC1,061$259.9K0.01%+1,061New
Park Capital Management, LLC1,061$259.8K0.24%−258−19.6%Reduced
Gallacher Capital Management LLC1,039$254.5K0.12%+1,039New
Parallel Advisors, LLC1,039$254.5K0.01%+60+6.1%Added
Savant Capital, LLC1,033$253.0K0.00%+1,033New
Hodges Capital Management Inc.1,025$251.1K0.02%+1,025New
Pacific Sun Financial Corp1,020$249.8K0.13%+1,020New
Strong Tower Advisory Services1,018$249.4K0.05%+1,018New
Sage Rhino Capital LLC1,010$247.4K0.05%+1,010New
WSFS Capital Management, LLC1,007$246.7K0.01%+1,007New
Associated Banc-Corp1,000$244.9K0.01%+1,000New
Security National Bank of So Dak1,000$244.9K0.13%+1,000New
AE Wealth Management LLC995$244.0K0.00%−96−8.8%Reduced
Fifth Third Wealth Advisors LLC981$240.3K0.01%+981New
Clearstead Advisors, LLC973$238.3K0.00%+252+35.0%Added
Federation des caisses Desjardins du Quebec954$233.7K0.00%00.0%Unchanged
CIBC Asset Management Inc948$232.2K0.00%+948New
Atria Wealth Solutions, Inc.935$229.0K0.01%−2,243−70.6%Reduced
Versor Investments LP903$221.2K0.04%+903New
Planning Center, Inc.901$220.7K0.02%+901New