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, Q3 2025
Institutional positions in Badger Meter Inc as of Sep 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
- 480
- −45 vs. Q2 2025
- Shares held
- 28.4M
- +519.7K (+1.9%) vs. Q2 2025
- Total value
- $5.06B
- −$1.75B (−25.7%) vs. Q2 2025
- New holders
- 54
- 171 more added
- Sold out
- 99
- 195 more reduced
11 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 483 | $4.86B |
| Q1 2026 | 477 | $4.63B |
| Q4 2025 | 490 | $5.17B |
| Q3 2025 | 480 | $5.06B |
| Q2 2025 | 536 | $6.92B |
| Q1 2025 | 497 | $5.33B |
| Q4 2024 | 490 | $5.72B |
| Q3 2024 | 477 | $5.75B |
| Q2 2024 | 451 | $4.90B |
| Q1 2024 | 415 | $4.25B |
| Q4 2023 | 395 | $4.06B |
| Q3 2023 | 374 | $3.77B |
| Q2 2023 | 355 | $3.82B |
| Q1 2023 | 324 | $3.13B |
| Q4 2022 | 310 | $2.74B |
| Q3 2022 | 281 | $2.37B |
| Q2 2022 | 272 | $2.07B |
| Q1 2022 | 286 | $2.53B |
| Q4 2021 | 273 | $3.05B |
| Q3 2021 | 257 | $2.56B |
| Q2 2021 | 249 | $2.48B |
| Q1 2021 | 263 | $2.36B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Badger Meter Inc; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| KLP Kapitalforvaltning AS | 36,800 | $6.57M | 0.03% | +8,400+29.6% | Added |
| ExodusPoint Capital Management, LP | 36,288 | $6.48M | 0.09% | +36,288 | New |
| Bridge City Capital, LLC | 35,149 | $6.28M | 1.68% | +10,979+45.4% | Added |
| Bryn Mawr Trust Co | 34,283 | $6.12M | 0.15% | −691−2.0% | Reduced |
| Palisades Investment Partners, LLC | 34,186 | $6.10M | 2.40% | +517+1.5% | Added |
| LPL Financial LLC | 33,697 | $6.02M | 0.00% | −7,786−18.8% | Reduced |
| Van Eck Associates Corp | 32,458 | $5.80M | 0.01% | +369+1.1% | Added |
| Victory Capital Management Inc | 31,336 | $5.60M | 0.00% | −15,971−33.8% | Reduced |
| Advisor Group Holdings, Inc. | 30,858 | $5.52M | 0.01% | +26,183+560.1% | Added |
| New York State Common Retirement Fund | 29,576 | $5.28M | 0.01% | −47,005−61.4% | Reduced |
| Prudential Financial Inc | 29,552 | $5.28M | 0.01% | −4,679−13.7% | Reduced |
| Quantbot Technologies LP | 29,393 | $5.25M | 0.14% | +21,185+258.1% | Added |
| Teacher Retirement System of Texas | 28,658 | $5.12M | 0.02% | +5,348+22.9% | Added |
| Y-Intercept (Hong Kong) Ltd | 27,901 | $4.98M | 0.12% | +27,026+3,088.7% | Added |
| California State Teachers Retirement System | 27,789 | $4.96M | 0.01% | +598+2.2% | Added |
| AQR Capital Management LLC | 27,667 | $4.94M | 0.00% | +7,434+36.7% | Added |
| US Bancorp | 27,459 | $4.90M | 0.01% | −100−0.4% | Reduced |
| Rathbone Brothers plc | 27,235 | $4.86M | 0.02% | −1,304−4.6% | Reduced |
| State of Wisconsin Investment Board | 26,547 | $4.74M | 0.01% | +1,729+7.0% | Added |
| Ci Investments Inc. | 26,468 | $4.73M | 0.02% | +1,071+4.2% | Added |
| Capital Fund Management S.A. | 25,807 | $4.61M | 0.05% | +11,246+77.2% | Added |
| Advisors Asset Management, Inc. | 25,788 | $4.61M | 0.08% | −935−3.5% | Reduced |
| Northstar Asset Management Inc | 25,225 | $4.50M | 1.17% | +2,143+9.3% | Added |
| Axiom Investors LLC | 24,545 | $4.38M | 0.03% | −11,367−31.7% | Reduced |
| Baird Financial Group, Inc. | 24,087 | $4.30M | 0.01% | −2,817−10.5% | Reduced |
| Dorsey & Whitney Trust CO LLC | 23,981 | $4.28M | 0.23% | −145−0.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 23,953 | $4.28M | 0.15% | −2,232−8.5% | Reduced |
| Trexquant Investment LP | 22,779 | $4.07M | 0.04% | +22,779 | New |
| Skandinaviska Enskilda Banken AB (publ) | 21,473 | $3.83M | 0.02% | −3,448−13.8% | Reduced |
| Thrivent Financial for Lutherans | 21,260 | $3.80M | 0.01% | −397−1.8% | Reduced |
| Erste Asset Management GmbH | 21,002 | $3.72M | 0.04% | −8,733−29.4% | Reduced |
| Citadel Advisors LLC | 20,590 | $3.68M | 0.00% | +18,642+957.0% | Added |
| Assenagon Asset Management S.A. | 20,488 | $3.66M | 0.01% | −4,262−17.2% | Reduced |
| Vident Advisory, LLC | 20,469 | $3.66M | 0.04% | +7,345+56.0% | Added |
| Janus Henderson Group PLC | 20,245 | $3.61M | 0.00% | −14,882−42.4% | Reduced |
| Cardinal Capital Management | 20,090 | $3.59M | 0.50% | −2,114−9.5% | Reduced |
| Illinois Municipal Retirement Fund | 19,869 | $3.55M | 0.05% | +3,859+24.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 18,979 | $3.39M | 0.01% | −210−1.1% | Reduced |
| Trillium Asset Management, LLC | 18,698 | $3.34M | 0.09% | −386−2.0% | Reduced |
| Carderock Capital Management Inc | 18,492 | $3.30M | 0.80% | +7,702+71.4% | Added |
| Verition Fund Management LLC | 18,190 | $3.25M | 0.02% | +2,705+17.5% | Added |
| Segall Bryant & Hamill, LLC | 18,171 | $3.24M | 0.04% | +4,267+30.7% | Added |
| XXEC, Inc. | 17,698 | $3.16M | 2.71% | −50−0.3% | Reduced |
| Creative Planning | 17,460 | $3.12M | 0.00% | −5,387−23.6% | Reduced |
| HSBC Holdings PLC | 17,675 | $3.11M | 0.00% | −1,361−7.1% | Reduced |
| MetLife Investment Management | 17,383 | $3.10M | 0.01% | +17,383 | New |
| Old Second National Bank of Aurora | 17,144 | $3.06M | 0.63% | +395+2.4% | Added |
| Meiji Yasuda Asset Management Co Ltd. | 16,922 | $3.02M | 0.14% | +10,277+154.7% | Added |
| Bridges Investment Management Inc | 16,820 | $3.00M | 0.04% | +4,544+37.0% | Added |
| Farrow Financial Inc. | 16,367 | $2.92M | 1.70% | +517+3.3% | Added |
| Russell Investments Group, Ltd. | 15,518 | $2.77M | 0.00% | +1,019+7.0% | Added |
| Tower View Investment Management & Research LLC | 15,514 | $2.77M | 1.43% | +768+5.2% | Added |
| Numerai GP LLC | 15,158 | $2.71M | 0.38% | +11,161+279.2% | Added |
| SEI Investments Co | 15,107 | $2.70M | 0.00% | −5,387−26.3% | Reduced |
| Voya Investment Management LLC | 15,085 | $2.69M | 0.00% | −2,909−16.2% | Reduced |
| Manufacturers Life Insurance Company, The | 15,076 | $2.69M | 0.00% | −1,019−6.3% | Reduced |
| Needham Investment Management LLC | 15,000 | $2.68M | 0.19% | +9,000+150.0% | Added |
| Argent Capital Management LLC | 14,902 | $2.66M | 0.07% | +3,532+31.1% | Added |
| State of Alaska, Department of Revenue | 14,829 | $2.65M | 0.03% | −2,715−15.5% | Reduced |
| Lazard Asset Management LLC | 14,732 | $2.63M | 0.00% | −7,921−35.0% | Reduced |
| State of Tennessee, Treasury Department | 13,896 | $2.48M | 0.01% | −385−2.7% | Reduced |
| BLI - Banque de Luxembourg Investments | 14,000 | $2.48M | 0.07% | +14,000 | New |
| Louisiana State Employees Retirement System | 13,500 | $2.41M | 0.04% | −300−2.2% | Reduced |
| Brevan Howard Capital Management LP | 13,211 | $2.36M | 0.03% | +136+1.0% | Added |
| Jefferies Financial Group Inc. | 13,001 | $2.32M | 0.02% | +13,001 | New |
| Linden Thomas Advisory Services, LLC | 12,891 | $2.30M | 0.23% | +16+0.1% | Added |
| Stifel Financial Corp | 12,867 | $2.30M | 0.00% | +2,419+23.2% | Added |
| Annex Advisory Services, LLC | 12,839 | $2.29M | 0.05% | +10.0% | Added |
| Summit Financial, LLC | 12,776 | $2.28M | 0.03% | −2,406−15.8% | Reduced |
| Cavalier Investments, LLC | 13,806 | $2.25M | 0.91% | +682+5.2% | Added |
| Oddo BHF Asset Management SAS | 12,533 | $2.24M | 0.09% | +7,774+163.4% | Added |
| FMR LLC | 12,526 | $2.24M | 0.00% | −145,203−92.1% | Reduced |
| Agf Management Ltd | 12,308 | $2.20M | 0.01% | −85,055−87.4% | Reduced |
| Montanaro Asset Management Ltd | 12,000 | $2.14M | 0.54% | −5,600−31.8% | Reduced |
| Empowered Funds, LLC | 11,965 | $2.14M | 0.02% | +3,225+36.9% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 11,814 | $2.11M | 0.00% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 11,696 | $2.09M | 0.01% | +11,696 | New |
| New York State Teachers Retirement System | 11,634 | $2.08M | 0.00% | −100−0.9% | Reduced |
| State of New Jersey Common Pension Fund D | 11,595 | $2.07M | 0.01% | +2,214+23.6% | Added |
| Lombard Odier Asset Management (USA) Corp | 11,475 | $2.05M | 0.46% | −16,285−58.7% | Reduced |
| Citigroup Inc | 11,457 | $2.05M | 0.00% | −16,618−59.2% | Reduced |
| Consolidated Planning Corp | 11,396 | $2.04M | 0.21% | +4,312+60.9% | Added |
| Martingale Asset Management L P | 11,111 | $1.98M | 0.05% | −830−7.0% | Reduced |
| Pathstone Holdings, LLC | 10,644 | $1.90M | 0.01% | +966+10.0% | Added |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 10,631 | $1.90M | 0.06% | −1,582−13.0% | Reduced |
| Susquehanna International Group, LLP | 10,456 | $1.87M | 0.00% | −26,161−71.4% | Reduced |
| Oak Ridge Investments LLC | 10,044 | $1.79M | 0.12% | −165−1.6% | Reduced |
| Yousif Capital Management, LLC | 10,026 | $1.79M | 0.02% | −1,992−16.6% | Reduced |
| Davy Global Fund Management Ltd | 9,994 | $1.78M | 0.12% | −2,509−20.1% | Reduced |
| OP Asset Management Ltd | 9,824 | $1.75M | 0.02% | −31,643−76.3% | Reduced |
| The PNC Financial Services Group, Inc. | 9,772 | $1.75M | 0.00% | −2,196−18.3% | Reduced |
| Truist Financial Corp | 9,674 | $1.73M | 0.00% | −15,110−61.0% | Reduced |
| DnB Asset Management AS | 9,623 | $1.72M | 0.01% | +2,407+33.4% | Added |
| Comerica Bank | 9,444 | $1.69M | 0.01% | −95,937−91.0% | Reduced |
| Cim, LLC | 9,322 | $1.66M | 0.22% | +38+0.4% | Added |
| Los Angeles Capital Management LLC | 9,283 | $1.66M | 0.01% | −20,892−69.2% | Reduced |
| Vontobel Holding Ltd. | 9,031 | $1.61M | 0.01% | +6,007+198.6% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 9,000 | $1.61M | 0.00% | +8,659+2,539.3% | Added |
| We Are One Seven, LLC | 8,941 | $1.60M | 0.04% | +472+5.6% | Added |
| Simplex Trading, LLC | 8,753 | $1.56M | 0.03% | +3,584+69.3% | Added |