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 |
|---|---|---|---|---|---|
| Midwest Professional Planners, LTD. | 2,368 | $413.0K | 0.10% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 2,410 | $420.3K | 0.01% | −70−2.8% | Reduced |
| Allianz SE | 2,418 | $421.7K | 0.01% | −1,293−34.8% | Reduced |
| Consolidated Planning Corp | 2,449 | $427.2K | 0.04% | −8,947−78.5% | Reduced |
| Van Hulzen Asset Management, LLC | 2,474 | $431.5K | 0.03% | −255−9.3% | Reduced |
| Burney Co | 2,495 | $435.2K | 0.01% | +170+7.3% | Added |
| STRS Ohio | 2,500 | $436.0K | 0.00% | 00.0% | Unchanged |
| Virtu Financial LLC | 2,512 | $438.0K | 0.02% | +2,512 | New |
| First Interstate Bank | 2,543 | $443.5K | 0.02% | −62−2.4% | Reduced |
| Verition Fund Management LLC | 2,622 | $457.3K | 0.00% | −15,568−85.6% | Reduced |
| Pinnacle Financial Partners, Inc. | 2,638 | $460.1K | 0.00% | +2,638 | New |
| Alliance Wealth Advisors, LLC | 2,639 | $460.3K | 0.10% | −950−26.5% | Reduced |
| Norway Savings Bank | 2,655 | $463.1K | 0.21% | −50−1.8% | Reduced |
| Ellenbecker Investment Group | 2,713 | $473.2K | 0.07% | 00.0% | Unchanged |
| IHT Wealth Management, LLC | 2,766 | $482.4K | 0.01% | +15+0.5% | Added |
| Aviva PLC | 2,768 | $482.8K | 0.00% | +90+3.4% | Added |
| Tandem Investment Advisors, Inc. | 2,771 | $483.3K | 0.02% | +1,043+60.4% | Added |
| Evergreen Capital Management LLC | 2,795 | $487.5K | 0.01% | −187−6.3% | Reduced |
| Brevan Howard Capital Management LP | 2,802 | $488.7K | 0.01% | −10,409−78.8% | Reduced |
| Aureus Asset Management, LLC | 2,803 | $488.9K | 0.03% | 00.0% | Unchanged |
| Park Avenue Securities LLC | 2,854 | $498.0K | 0.00% | +91+3.3% | Added |
| Crossmark Global Holdings, Inc. | 2,858 | $498.5K | 0.01% | −83−2.8% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 2,886 | $503.0K | 0.00% | +140+5.1% | Added |
| Xponance, Inc. | 2,998 | $522.9K | 0.00% | +53+1.8% | Added |
| Corient IA LLC | 3,000 | $523.2K | 0.49% | 00.0% | Unchanged |
| HighTower Advisors, LLC | 3,015 | $525.8K | 0.00% | −351−10.4% | Reduced |
| O'Shaughnessy Asset Management, LLC | 3,021 | $526.9K | 0.00% | −1,078−26.3% | Reduced |
| Guggenheim Capital LLC | 3,064 | $534.4K | 0.00% | +3,064 | New |
| Gotham Asset Management, LLC | 3,112 | $542.8K | 0.00% | −4,385−58.5% | Reduced |
| Schroder Investment Management Group | 3,073 | $547.7K | 0.00% | −420−12.0% | Reduced |
| PPS&V Asset Management Consultants, Inc. | 3,200 | $558.1K | 0.32% | 00.0% | Unchanged |
| KLCM Advisors, Inc. | 3,200 | $558.1K | 0.05% | +1,600+100.0% | Added |
| Trust Point Inc. | 3,205 | $559.0K | 0.04% | −370−10.3% | Reduced |
| Public Employees Retirement Association of Colorado | 3,222 | $562.0K | 0.00% | 00.0% | Unchanged |
| Lazard Freres Gestion S.A.S. | 3,250 | $566.0K | 0.01% | +300+10.2% | Added |
| Teton Advisors, LLC | 3,250 | $566.8K | 0.39% | 00.0% | Unchanged |
| CWM Advisors, LLC | 3,327 | $580.3K | 0.05% | −962−22.4% | Reduced |
| Benjamin Edwards Inc | 3,329 | $580.6K | 0.01% | +257+8.4% | Added |
| Mutual of America Capital Management LLC | 3,368 | $587.4K | 0.01% | +67+2.0% | Added |
| Susquehanna International Group, LLP | 3,378 | $589.2K | 0.00% | −7,078−67.7% | Reduced |
| Davenport & Co LLC | 3,393 | $591.7K | 0.00% | −117−3.3% | Reduced |
| Legato Capital Management LLC | 3,532 | $616.0K | 0.05% | −3,333−48.6% | Reduced |
| Plus Group Wealth Advisors LLC | 3,534 | $616.4K | 0.68% | +3,534 | New |
| Jump Financial, LLC | 3,536 | $616.7K | 0.01% | +226+6.8% | Added |
| Quadrant Capital Group LLC | 3,618 | $631.0K | 0.02% | −72−2.0% | Reduced |
| First Citizens Bank & Trust Co | 3,668 | $639.7K | 0.01% | −54−1.5% | Reduced |
| TD Waterhouse Canada Inc. | 3,789 | $660.0K | 0.00% | +275+7.8% | Added |
| Dark Forest Capital Management LP | 3,802 | $663.1K | 0.03% | −3,170−45.5% | Reduced |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 3,906 | $681.2K | 0.09% | +3,906 | New |
| Envestnet Portfolio Solutions, Inc. | 3,919 | $683.5K | 0.00% | +22+0.6% | Added |
| Quantbot Technologies LP | 3,941 | $687.4K | 0.02% | −25,452−86.6% | Reduced |
| Sequoia Financial Advisors, LLC | 4,051 | $706.5K | 0.00% | +398+10.9% | Added |
| Engineers Gate Manager LP | 4,140 | $722.1K | 0.01% | −32,788−88.8% | Reduced |
| OP Asset Management Ltd | 4,294 | $748.9K | 0.01% | −5,530−56.3% | Reduced |
| Maryland State Retirement & Pension System | 4,316 | $752.8K | 0.02% | +79+1.9% | Added |
| Exchange Traded Concepts, LLC | 4,387 | $765.1K | 0.01% | −636−12.7% | Reduced |
| Mission Wealth Management, LP | 4,550 | $793.6K | 0.02% | −259−5.4% | Reduced |
| Entropy Technologies, LP | 4,624 | $806.5K | 0.04% | +4,624 | New |
| Jones Financial Companies LLLP | 4,658 | $812.5K | 0.00% | +880+23.3% | Added |
| Aquatic Capital Management LLC | 4,733 | $825.5K | 0.02% | +3,410+257.7% | Added |
| Quantinno Capital Management LP | 4,746 | $827.8K | 0.00% | +1,921+68.0% | Added |
| Nikko Asset Management Americas, Inc. | 5,272 | $918.4K | 0.01% | +2,073+64.8% | Added |
| River Street Advisors LLC | 5,385 | $939.2K | 0.35% | +187+3.6% | Added |
| JustInvest LLC | 5,528 | $964.1K | 0.01% | +25+0.5% | Added |
| Mercer Global Advisors Inc | 5,583 | $973.8K | 0.00% | +135+2.5% | Added |
| Ethic Inc. | 5,686 | $991.7K | 0.02% | −179−3.1% | Reduced |
| Lombard Odier Asset Management (USA) Corp | 5,760 | $1.00M | 0.41% | −5,715−49.8% | Reduced |
| Federated Hermes, Inc. | 5,846 | $1.02M | 0.00% | +3,299+129.5% | Added |
| FIL Ltd | 5,856 | $1.02M | 0.00% | +4,789+448.8% | Added |
| Flputnam Investment Management Co | 5,865 | $1.02M | 0.01% | 00.0% | Unchanged |
| Sumitomo Mitsui Trust Holdings, Inc. | 5,891 | $1.03M | 0.00% | +2,073+54.3% | Added |
| Cetera Investment Advisers | 5,909 | $1.03M | 0.00% | +672+12.8% | Added |
| CI Private Wealth, LLC | 5,925 | $1.04M | 0.00% | −2,676−31.1% | Reduced |
| Level Four Advisory Services, LLC | 6,020 | $1.05M | 0.03% | −152−2.5% | Reduced |
| Diversify Wealth Management, LLC | 6,139 | $1.05M | 0.05% | +212+3.6% | Added |
| Holocene Advisors, LP | 6,087 | $1.06M | 0.00% | +6,087 | New |
| Oak Ridge Investments LLC | 6,405 | $1.12M | 0.07% | −3,639−36.2% | Reduced |
| Jane Street Group, LLC | 6,423 | $1.12M | 0.00% | −42,993−87.0% | Reduced |
| Marietta Investment Partners LLC | 6,571 | $1.15M | 0.23% | −1,963−23.0% | Reduced |
| SBI Okasan Asset Management Co.Ltd. | 6,400 | $1.15M | 0.06% | +6,400 | New |
| State Board of Administration of Florida Retirement System | 6,632 | $1.16M | 0.00% | 00.0% | Unchanged |
| Oregon Public Employees Retirement Fund | 6,742 | $1.18M | 0.01% | +100+1.5% | Added |
| Cavalier Investments, LLC | 6,837 | $1.19M | 0.37% | −6,969−50.5% | Reduced |
| Royce & Associates LP | 6,882 | $1.20M | 0.01% | +383+5.9% | Added |
| Two Sigma Advisers, LP | 6,900 | $1.20M | 0.00% | +5,200+305.9% | Added |
| Johnson Financial Group, Inc. | 6,970 | $1.22M | 0.05% | −1,200−14.7% | Reduced |
| Values First Advisors, Inc. | 7,125 | $1.24M | 0.64% | −438−5.8% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 7,296 | $1.27M | 0.01% | −209−2.8% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,388 | $1.29M | 0.01% | −993−11.8% | Reduced |
| Zions Bancorporation, National Association | 7,502 | $1.31M | 0.06% | −496−6.2% | Reduced |
| HRT Financial LP | 7,524 | $1.31M | 0.00% | +7,524 | New |
| Meiji Yasuda Life Insurance Co | 7,700 | $1.34M | 0.04% | +4,000+108.1% | Added |
| Davy Global Fund Management Ltd | 7,868 | $1.37M | 0.09% | −2,126−21.3% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 8,075 | $1.41M | 0.01% | −234−2.8% | Reduced |
| Union Bancaire Privee, UBP SA | 7,924 | $1.42M | 0.02% | −243−3.0% | Reduced |
| Arizona State Retirement System | 8,234 | $1.44M | 0.01% | −486−5.6% | Reduced |
| Oddo BHF Asset Management SAS | 8,279 | $1.44M | 0.05% | −4,254−33.9% | Reduced |
| Town & Country Bank & Trust CO dba First Bankers Trust CO | 8,382 | $1.46M | 0.49% | +736+9.6% | Added |
| Citigroup Inc | 8,389 | $1.46M | 0.00% | −3,068−26.8% | Reduced |
| Yousif Capital Management, LLC | 8,880 | $1.47M | 0.02% | −1,146−11.4% | Reduced |