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, Q4 2025
Institutional positions in Badger Meter Inc as of Dec 31, 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
- 490
- +16 vs. Q3 2025
- Shares held
- 29.6M
- +1.24M (+4.4%) vs. Q3 2025
- Total value
- $5.17B
- +$104.3M (+2.1%) vs. Q3 2025
- New holders
- 62
- 186 more added
- Sold out
- 46
- 177 more reduced
6 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Badger Meter Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5,129,382 | $894.6M | 0.02% | −71,881−1.4% | Reduced |
| Vanguard Group Inc | 3,979,893 | $694.1M | 0.01% | +19,585+0.5% | Added |
| State Street Corp | 1,458,574 | $254.4M | 0.01% | +55,589+4.0% | Added |
| Geode Capital Management, LLC | 876,854 | $153.0M | 0.01% | +4,035+0.5% | Added |
| Invesco Ltd. | 766,093 | $133.6M | 0.01% | −204,126−21.0% | Reduced |
| Pictet Asset Management Holding SA | 754,402 | $131.6M | 0.13% | +212,448+39.2% | Added |
| Morgan Stanley | 720,969 | $125.7M | 0.01% | −31,303−4.2% | Reduced |
| UBS Group AG | 712,650 | $124.3M | 0.02% | +335,953+89.2% | Added |
| Dimensional Fund Advisors LP | 510,649 | $89.1M | 0.02% | +47,467+10.2% | Added |
| Boston Trust Walden Corp | 507,692 | $88.5M | 0.67% | +177,653+53.8% | Added |
| Norges Bank | 480,588 | $83.8M | 0.01% | +480,588 | New |
| Amundi | 413,987 | $72.2M | 0.02% | +12,319+3.1% | Added |
| Goldman Sachs Group Inc | 399,927 | $69.8M | 0.01% | +7,867+2.0% | Added |
| JPMorgan Chase & Co | 386,287 | $67.4M | 0.00% | −116,884−23.2% | Reduced |
| First Trust Advisors LP | 361,926 | $63.1M | 0.05% | +100,635+38.5% | Added |
| Neuberger Berman Group LLC | 341,350 | $59.5M | 0.04% | −20,148−5.6% | Reduced |
| Charles Schwab Investment Management Inc | 316,331 | $55.2M | 0.01% | −433−0.1% | Reduced |
| Northern Trust Corp | 304,555 | $53.1M | 0.01% | −16,930−5.3% | Reduced |
| Bamco Inc | 300,046 | $52.3M | 0.14% | +45,623+17.9% | Added |
| Kayne Anderson Rudnick Investment Management LLC | 280,557 | $48.9M | 0.13% | −7,089−2.5% | Reduced |
| Marshall Wace, LLP | 280,157 | $48.9M | 0.05% | +88,126+45.9% | Added |
| Bowen Hanes & Co Inc | 257,280 | $44.9M | 1.13% | +198,305+336.3% | Added |
| Price T Rowe Associates Inc | 249,620 | $43.5M | 0.00% | +3,629+1.5% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 248,467 | $43.3M | 0.06% | +4,833+2.0% | Added |
| Rockefeller Capital Management L.P. | 212,285 | $37.0M | 0.07% | +71,195+50.5% | Added |
| Bank of New York Mellon Corp | 210,216 | $36.7M | 0.01% | −25,942−11.0% | Reduced |
| Belpointe Asset Management LLC | 178,960 | $31.2M | 1.13% | −205−0.1% | Reduced |
| Legal & General Group Plc | 178,844 | $31.2M | 0.01% | −660.0% | Reduced |
| Franklin Resources Inc | 178,843 | $31.2M | 0.01% | +138,434+342.6% | Added |
| Royal Bank of Canada | 178,560 | $31.1M | 0.01% | −48,776−21.5% | Reduced |
| Principal Financial Group Inc | 175,498 | $30.6M | 0.02% | +10,496+6.4% | Added |
| Arrowstreet Capital, Limited Partnership | 174,899 | $30.5M | 0.02% | +68,614+64.6% | Added |
| Toroso Investments, LLC | 166,908 | $29.1M | 0.12% | +66,208+65.7% | Added |
| Bessemer Group Inc | 166,407 | $29.0M | 0.04% | +20,624+14.1% | Added |
| Voloridge Investment Management, LLC | 162,962 | $28.4M | 0.10% | +32,097+24.5% | Added |
| DekaBank Deutsche Girozentrale | 137,060 | $27.9M | 0.05% | 00.0% | Unchanged |
| Millennium Management LLC | 140,456 | $24.5M | 0.02% | −34,926−19.9% | Reduced |
| Robeco Schweiz AG | 139,222 | $24.3M | 0.54% | +65,624+89.2% | Added |
| Renaissance Technologies LLC | 138,400 | $24.1M | 0.04% | −58,800−29.8% | Reduced |
| Nuveen, LLC | 136,406 | $23.8M | 0.01% | +6,445+5.0% | Added |
| Storebrand Asset Management AS | 133,444 | $23.3M | 0.06% | −933−0.7% | Reduced |
| Fundsmith Investment Services Ltd. | 132,631 | $23.1M | 0.42% | +132,631 | New |
| Tudor Investment Corp Et Al | 130,911 | $22.8M | 0.13% | +23,984+22.4% | Added |
| Conestoga Capital Advisors, LLC | 130,393 | $22.7M | 0.38% | +130,393 | New |
| Bank of America Corp | 125,408 | $21.9M | 0.00% | −12,960−9.4% | Reduced |
| Raymond James Financial Inc | 120,421 | $21.4M | 0.01% | −165−0.1% | Reduced |
| DF Dent & Co Inc | 121,832 | $21.2M | 0.31% | −6,131−4.8% | Reduced |
| Standard Life Aberdeen plc | 113,025 | $19.7M | 0.03% | −90.0% | Reduced |
| Envestnet Asset Management Inc | 112,349 | $19.6M | 0.01% | +24,191+27.4% | Added |
| Rhumbline Advisers | 111,818 | $19.5M | 0.02% | −7,747−6.5% | Reduced |
| Allianz Asset Management GmbH | 108,839 | $19.0M | 0.02% | −7,671−6.6% | Reduced |
| Select Equity Group, L.P. | 107,870 | $18.8M | 0.09% | +24,684+29.7% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 105,919 | $18.5M | 0.05% | +13,083+14.1% | Added |
| Mairs & Power Inc | 102,813 | $17.9M | 0.17% | −1,046−1.0% | Reduced |
| Gabelli Funds LLC | 102,550 | $17.9M | 0.12% | +500.0% | Added |
| Public Sector Pension Investment Board | 102,032 | $17.8M | 0.06% | −12,939−11.3% | Reduced |
| Brown Capital Management LLC | 101,519 | $17.7M | 1.45% | −108,225−51.6% | Reduced |
| Congress Asset Management Co | 101,233 | $17.7M | 0.12% | +13,011+14.7% | Added |
| Jupiter Asset Management Ltd | 100,526 | $17.5M | 0.14% | +20,287+25.3% | Added |
| Qube Research & Technologies Ltd | 97,619 | $17.0M | 0.02% | −53,467−35.4% | Reduced |
| Handelsbanken Fonder AB | 95,662 | $16.7M | 0.05% | +50,949+113.9% | Added |
| Gamco Investors, Inc. Et Al | 93,725 | $16.3M | 0.16% | +250+0.3% | Added |
| Ofi Invest Asset Management | 107,716 | $16.0M | 0.23% | −1,598−1.5% | Reduced |
| EULAV Asset Management | 91,200 | $15.9M | 0.42% | 00.0% | Unchanged |
| Rodgers Brothers Inc. | 85,437 | $14.9M | 1.78% | −821−1.0% | Reduced |
| Wells Fargo & Company | 85,033 | $14.8M | 0.00% | +17,438+25.8% | Added |
| Dudley & Shanley, Inc. | 82,695 | $14.4M | 2.32% | +82,695 | New |
| Alps Advisors Inc | 79,202 | $13.8M | 0.08% | −3,366−4.1% | Reduced |
| UBS Asset Management Americas Inc | 78,301 | $13.7M | 0.00% | +412+0.5% | Added |
| La Banque Postale Asset Management SA | 77,078 | $13.4M | 0.16% | +39,365+104.4% | Added |
| Commonwealth Equity Services, LLC | 76,599 | $13.4M | 0.02% | +6,111+8.7% | Added |
| ProShare Advisors LLC | 75,858 | $13.2M | 0.02% | +3,542+4.9% | Added |
| Ameriprise Financial Inc | 73,152 | $12.8M | 0.00% | −47,003−39.1% | Reduced |
| Triodos Investment Management BV | 65,000 | $11.6M | 0.84% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 65,507 | $11.4M | 0.01% | +45,262+223.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 63,622 | $11.1M | 0.02% | −20,512−24.4% | Reduced |
| Deutsche Bank AG | 62,737 | $10.9M | 0.00% | +16,490+35.7% | Added |
| Man Group plc | 62,258 | $10.9M | 0.02% | −13,482−17.8% | Reduced |
| Swiss National Bank | 58,200 | $10.2M | 0.01% | +1,100+1.9% | Added |
| Swiss Life Asset Management Ltd | 55,988 | $9.76M | 0.05% | +6,002+12.0% | Added |
| Barclays PLC | 55,501 | $9.68M | 0.00% | −12,790−18.7% | Reduced |
| Warren Averett Asset Management, LLC | 54,501 | $9.51M | 0.08% | +477+0.9% | Added |
| Duff & Phelps Investment Management Co | 51,938 | $9.06M | 0.10% | −1,123−2.1% | Reduced |
| California Public Employees Retirement System | 51,382 | $8.96M | 0.01% | −1,838−3.5% | Reduced |
| BNP Paribas Arbitrage, SA | 50,226 | $8.76M | 0.01% | −10,994−18.0% | Reduced |
| RMB Capital Management, LLC | 50,181 | $8.75M | 0.15% | +1,346+2.8% | Added |
| Cerity Partners LLC | 49,760 | $8.68M | 0.01% | −2,613−5.0% | Reduced |
| Mirova | 48,840 | $8.52M | 1.23% | −331−0.7% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 47,356 | $8.40M | 0.01% | +4,588+10.7% | Added |
| Alta Capital Management LLC | 47,749 | $8.33M | 0.55% | +47,749 | New |
| Candriam Luxembourg S.C.A. | 47,297 | $8.25M | 0.04% | +5,230+12.4% | Added |
| Alliancebernstein L.P. | 41,890 | $7.31M | 0.00% | +3,016+7.8% | Added |
| Natixis Advisors, L.P. | 39,970 | $6.97M | 0.01% | +422+1.1% | Added |
| Capital Innovations LLC | 39,375 | $6.87M | 1.96% | +39,375 | New |
| KLP Kapitalforvaltning AS | 38,600 | $6.73M | 0.03% | +1,800+4.9% | Added |
| D. E. Shaw & Co., Inc. | 37,789 | $6.59M | 0.01% | −17,931−32.2% | Reduced |
| Erste Asset Management GmbH | 35,623 | $6.34M | 0.05% | +14,621+69.6% | Added |
| LPL Financial LLC | 34,573 | $6.03M | 0.00% | +876+2.6% | Added |
| Bryn Mawr Trust Co | 34,284 | $5.98M | 0.14% | +10.0% | Added |
| Palisades Investment Partners, LLC | 33,945 | $5.92M | 2.24% | −241−0.7% | Reduced |