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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, 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.

Institutional holdersQ4 2025: 490 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 heldQ4 2025: $5.17B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Badger Meter Inc; share changes are against Q3 2025.

Institutions holding BMI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BNP PARIBAS ASSET MANAGEMENT Holding S.A.510$89.0K0.00%−8,490−94.3%Reduced
AdvisorNet Financial, Inc520$90.7K0.00%00.0%Unchanged
Signaturefd, LLC521$90.9K0.00%+70+15.5%Added
CX Institutional522$91.0K0.00%−719−57.9%Reduced
Pacer Advisors, Inc.529$92.3K0.00%−120−18.5%Reduced
Kohmann Bosshard Financial Services, LLC534$93.1K0.01%+534New
Bank Julius Baer & Co. Ltd, Zurich600$104.6K0.00%00.0%Unchanged
Eurizon Capital SGR S.p.A.632$112.5K0.00%+632New
Northwestern Mutual Wealth Management Co648$113.1K0.00%−19−2.8%Reduced
GAMMA Investing LLC652$113.7K0.01%+122+23.0%Added
Pacific Center for Financial Services673$120.2K0.03%00.0%Unchanged
Smartleaf Asset Management LLC688$122.6K0.00%+82+13.5%Added
MAI Capital Management708$123.5K0.00%+500+240.4%Added
Tower Research Capital LLC (TRC)719$125.4K0.00%−676−48.5%Reduced
GPS Wealth Strategies Group, LLC728$127.0K0.11%−1,498−67.3%Reduced
Clearstead Advisors, LLC736$128.4K0.00%+5+0.7%Added
Harbour Investments, Inc.764$133.3K0.00%+49+6.9%Added
GHP Investment Advisors, Inc.773$134.8K0.01%00.0%Unchanged
Dundas Partners LLP773$134.8K0.01%00.0%Unchanged
Archer Investment Corp930$162.2K0.04%+119+14.7%Added
Federation des caisses Desjardins du Quebec954$166.2K0.00%−1,974−67.4%Reduced
GWM Advisors LLC965$168.4K0.00%00.0%Unchanged
Catalyst Capital Advisors LLC1,015$177.0K0.00%−510−33.4%Reduced
Global Retirement Partners, LLC1,084$189.0K0.00%+344+46.5%Added
Pinnacle Wealth Planning Services, Inc.1,116$194.6K0.02%+1,116New
Quest Partners LLC1,122$195.7K0.01%+752+203.2%Added
CWM, LLC1,132$197.0K0.00%+594+110.4%Added
Covestor Ltd1,134$198.0K0.10%+62+5.8%Added
Parallel Advisors, LLC1,154$201.3K0.00%+239+26.1%Added
Personal Cfo Solutions, LLC1,158$202.0K0.03%+1,158New
State of Wyoming1,172$204.4K0.02%+188+19.1%Added
Financiere des Professionnels - Fonds d,investissement inc.1,196$208.6K0.01%00.0%Unchanged
AE Wealth Management LLC1,202$209.9K0.00%+63+5.5%Added
Schonfeld Strategic Advisors LLC1,213$211.6K0.00%−10,483−89.6%Reduced
RSM US Wealth Management LLC1,201$214.1K0.00%+39+3.4%Added
Captrust Financial Advisors1,238$215.9K0.00%+1,238New
Stratos Wealth Partners, LTD.1,248$217.7K0.00%00.0%Unchanged
Apollon Wealth Management, LLC1,287$224.5K0.00%+17+1.3%Added
Journey Strategic Wealth LLC1,297$226.2K0.01%−1−0.1%Reduced
Profund Advisors LLC1,324$230.9K0.01%−59−4.3%Reduced
Nisa Investment Advisors, LLC1,329$231.8K0.00%−43−3.1%Reduced
Virginia Retirement Systems Et Al1,350$235.5K0.00%+1,350New
Fortress Financial Solutions, LLC1,366$238.2K0.24%−663−32.7%Reduced
BankChampaign, National Association1,115$239.1K0.24%+1,115New
nVerses Capital, LLC1,374$239.6K0.54%+1,374New
QRG Capital Management, Inc.1,397$243.7K0.00%+3+0.2%Added
Baker Ellis Asset Management LLC1,399$244.0K0.03%00.0%Unchanged
Principal Securities, Inc.1,400$244.2K0.00%+33+2.4%Added
WSFS Capital Management, LLC1,409$245.7K0.01%+234+19.9%Added
Qsemble Capital Management, LP1,409$245.7K0.02%−248−15.0%Reduced
Umb Bank N A1,454$253.6K0.00%+1,360+1,446.8%Added
Millstone Evans Group, LLC1,490$259.9K0.15%00.0%Unchanged
Norden Group LLC1,497$261.0K0.03%+1,497New
Ensign Peak Advisors, Inc1,498$261.3K0.00%−3,050−67.1%Reduced
Nvest Financial, LLC1,500$261.6K0.11%00.0%Unchanged
apricus wealth, LLC1,510$263.4K0.13%00.0%Unchanged
Sage Mountain Advisors LLC1,519$264.9K0.01%+283+22.9%Added
CIBC Private Wealth Group, LLC1,531$267.0K0.00%+23+1.5%Added
Clearwave Capital, LLC1,555$271.2K0.20%+1,555New
Glen Eagle Advisors, LLC1,564$272.8K0.04%00.0%Unchanged
Portside Wealth Group, LLC1,590$277.3K0.04%+299+23.2%Added
Rock Point Advisors, LLC1,600$279.1K0.07%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC1,600$280.6K0.00%+341+27.1%Added
Glenmede Trust Co NA1,613$281.3K0.00%+1,613New
Resona Asset Management Co.,Ltd.1,586$283.0K0.00%00.0%Unchanged
Alpine Bank Wealth Management1,623$283.1K0.04%−85−5.0%Reduced
Mirabella Financial Services LLP1,623$283.1K0.03%+1,623New
New Age Alpha Advisors, LLC1,626$283.6K0.01%+227+16.2%Added
Yorktown Management & Research Co Inc1,650$287.8K0.23%00.0%Unchanged
Northside Capital Management, LLC1,650$287.8K0.03%00.0%Unchanged
KBC Group NV1,673$292.0K0.00%−6,711−80.0%Reduced
Concurrent Investment Advisors, LLC1,683$293.5K0.00%+1,683New
Steward Partners Investment Advisory, LLC1,714$298.9K0.00%00.0%Unchanged
Caisse de Depot Et Placement du Quebec1,741$303.6K0.00%−6,050−77.7%Reduced
RWC Asset Management LLP1,762$307.3K0.02%+1,762New
Fox Run Management, L.L.C.1,790$312.2K0.05%+643+56.1%Added
PFG Investments, LLC1,891$329.8K0.02%+4+0.2%Added
Vestcor Inc1,899$331.0K0.01%−2,308−54.9%Reduced
Mackenzie Financial Corp1,861$331.0K0.00%−23−1.2%Reduced
Great Lakes Advisors, LLC1,911$333.3K0.00%−160−7.7%Reduced
Chevy Chase Trust Holdings, Inc.1,929$336.4K0.00%00.0%Unchanged
PharVision Advisers, LLC1,953$340.6K0.17%+1,953New
Caitlin John, LLC1,957$341.3K0.22%+1,781+1,011.9%Added
CIBC World Markets Corp1,964$342.5K0.00%+1,964New
Janney Montgomery Scott LLC1,966$343.0K0.00%+32+1.7%Added
Fruth Investment Management2,000$348.0K0.09%00.0%Unchanged
Modern Wealth Management, LLC1,996$348.1K0.01%−81−3.9%Reduced
Inspire Advisors, LLC2,018$352.1K0.03%+556+38.0%Added
Colony Group, LLC2,147$374.5K0.00%−5,845−73.1%Reduced
Cresset Asset Management, LLC2,176$379.5K0.00%−10−0.5%Reduced
Ballentine Partners, LLC2,183$380.7K0.01%+814+59.5%Added
Saturna Capital CORP2,233$389.5K0.01%+2,233New
Everence Capital Management Inc2,250$392.0K0.02%00.0%Unchanged
Diversify Advisory Services, LLC2,316$397.6K0.01%+213+10.1%Added
Groupe la Francaise2,300$400.6K0.01%−100−4.2%Reduced
Edgestream Partners, L.P.2,306$402.2K0.01%+2,306New
Atria Investments LLC2,319$404.4K0.00%+643+38.4%Added
Putney Financial Group LLC2,340$408.1K0.38%−263−10.1%Reduced
Mariner, LLC2,366$408.7K0.00%−1,010−29.9%Reduced
Umpqua Bank2,349$409.7K0.11%00.0%Unchanged