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 |
|---|---|---|---|---|---|
| Perpetual Ltd | 33,289 | $5.81M | 0.08% | −8,446−20.2% | Reduced |
| Van Eck Associates Corp | 32,919 | $5.74M | 0.00% | +461+1.4% | Added |
| Two Sigma Investments, LP | 32,158 | $5.61M | 0.01% | +26,004+422.6% | Added |
| Bridge City Capital, LLC | 31,493 | $5.49M | 1.61% | −3,656−10.4% | Reduced |
| Capital Fund Management S.A. | 31,474 | $5.49M | 0.05% | +5,667+22.0% | Added |
| Teacher Retirement System of Texas | 31,434 | $5.48M | 0.02% | +2,776+9.7% | Added |
| Great West Life Assurance Co | 30,777 | $5.36M | 0.01% | −6,433−17.3% | Reduced |
| Ci Investments Inc. | 30,077 | $5.25M | 0.02% | +3,609+13.6% | Added |
| New York State Common Retirement Fund | 29,687 | $5.18M | 0.01% | +111+0.4% | Added |
| Advisor Group Holdings, Inc. | 29,627 | $5.17M | 0.01% | −1,231−4.0% | Reduced |
| AQR Capital Management LLC | 28,880 | $5.04M | 0.00% | +1,213+4.4% | Added |
| Meiji Yasuda Asset Management Co Ltd. | 28,818 | $5.03M | 0.24% | +11,896+70.3% | Added |
| American Century Companies Inc | 28,607 | $4.99M | 0.00% | +20,662+260.1% | Added |
| California State Teachers Retirement System | 28,096 | $4.90M | 0.00% | +307+1.1% | Added |
| UniSuper Management Pty Ltd | 27,523 | $4.80M | 0.03% | −20,943−43.2% | Reduced |
| Prudential Financial Inc | 27,511 | $4.80M | 0.01% | −2,041−6.9% | Reduced |
| US Bancorp | 26,468 | $4.62M | 0.01% | −991−3.6% | Reduced |
| Northstar Asset Management Inc | 26,291 | $4.59M | 1.18% | +1,066+4.2% | Added |
| State of Wisconsin Investment Board | 26,124 | $4.56M | 0.01% | −423−1.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 25,366 | $4.42M | 0.15% | +1,413+5.9% | Added |
| HSBC Holdings PLC | 24,934 | $4.40M | 0.00% | +7,259+41.1% | Added |
| Needham Investment Management LLC | 25,000 | $4.36M | 0.28% | +10,000+66.7% | Added |
| Dorsey & Whitney Trust CO LLC | 24,018 | $4.19M | 0.22% | +37+0.2% | Added |
| Intech Investment Management LLC | 22,945 | $4.00M | 0.04% | −14,901−39.4% | Reduced |
| Advisors Asset Management, Inc. | 22,423 | $3.91M | 0.07% | −3,365−13.0% | Reduced |
| SG Americas Securities, LLC | 22,275 | $3.88M | 0.01% | +14,572+189.2% | Added |
| Vident Advisory, LLC | 21,855 | $3.81M | 0.04% | +1,386+6.8% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 21,380 | $3.73M | 0.01% | −93−0.4% | Reduced |
| Baird Financial Group, Inc. | 20,994 | $3.66M | 0.01% | −3,093−12.8% | Reduced |
| Segall Bryant & Hamill, LLC | 20,828 | $3.63M | 0.05% | +2,657+14.6% | Added |
| Thrivent Financial for Lutherans | 20,250 | $3.53M | 0.01% | −1,010−4.8% | Reduced |
| Cardinal Capital Management | 20,165 | $3.52M | 0.47% | +75+0.4% | Added |
| Creative Planning | 19,860 | $3.46M | 0.00% | +2,400+13.7% | Added |
| Wealth Enhancement Advisory Services, LLC | 18,932 | $3.44M | 0.00% | −47−0.2% | Reduced |
| Assenagon Asset Management S.A. | 19,170 | $3.34M | 0.01% | −1,318−6.4% | Reduced |
| Comerica Bank | 18,750 | $3.27M | 0.01% | +9,306+98.5% | Added |
| BLI - Banque de Luxembourg Investments | 17,000 | $3.03M | 0.09% | +3,000+21.4% | Added |
| Old Second National Bank of Aurora | 17,310 | $3.02M | 0.60% | +166+1.0% | Added |
| MetLife Investment Management | 16,604 | $2.90M | 0.01% | −779−4.5% | Reduced |
| Victory Capital Management Inc | 16,252 | $2.83M | 0.00% | −15,084−48.1% | Reduced |
| Farrow Financial Inc. | 16,152 | $2.82M | 1.62% | −215−1.3% | Reduced |
| Illinois Municipal Retirement Fund | 16,057 | $2.80M | 0.04% | −3,812−19.2% | Reduced |
| Tower View Investment Management & Research LLC | 15,887 | $2.77M | 1.37% | +373+2.4% | Added |
| Russell Investments Group, Ltd. | 15,390 | $2.68M | 0.00% | −128−0.8% | Reduced |
| XXEC, Inc. | 15,381 | $2.68M | 2.68% | −2,317−13.1% | Reduced |
| Trillium Asset Management, LLC | 14,558 | $2.65M | 0.08% | −4,140−22.1% | Reduced |
| State of Alaska, Department of Revenue | 15,006 | $2.62M | 0.03% | +177+1.2% | Added |
| DnB Asset Management AS | 14,628 | $2.55M | 0.01% | +5,005+52.0% | Added |
| Citadel Advisors LLC | 14,607 | $2.55M | 0.00% | −5,983−29.1% | Reduced |
| Manufacturers Life Insurance Company, The | 14,495 | $2.53M | 0.00% | −581−3.9% | Reduced |
| Carderock Capital Management Inc | 14,010 | $2.44M | 0.59% | −4,482−24.2% | Reduced |
| Bridges Investment Management Inc | 13,786 | $2.40M | 0.03% | −3,034−18.0% | Reduced |
| Voya Investment Management LLC | 13,618 | $2.38M | 0.00% | −1,467−9.7% | Reduced |
| Louisiana State Employees Retirement System | 13,500 | $2.35M | 0.04% | 00.0% | Unchanged |
| Stifel Financial Corp | 13,466 | $2.35M | 0.00% | +599+4.7% | Added |
| SEI Investments Co | 13,336 | $2.33M | 0.00% | −1,771−11.7% | Reduced |
| Summit Financial, LLC | 13,038 | $2.27M | 0.03% | +262+2.1% | Added |
| Annex Advisory Services, LLC | 12,800 | $2.23M | 0.04% | −39−0.3% | Reduced |
| Linden Thomas Advisory Services, LLC | 12,728 | $2.22M | 0.22% | −163−1.3% | Reduced |
| FMR LLC | 12,556 | $2.19M | 0.00% | +30+0.2% | Added |
| State of New Jersey Common Pension Fund D | 12,537 | $2.19M | 0.01% | +942+8.1% | Added |
| Fideuram - Intesa Sanpaolo Private Banking S.P.A. | 12,192 | $2.13M | 0.08% | +12,192 | New |
| Lazard Asset Management LLC | 12,096 | $2.11M | 0.00% | −2,636−17.9% | Reduced |
| Montanaro Asset Management Ltd | 12,000 | $2.09M | 0.58% | 00.0% | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 11,814 | $2.06M | 0.00% | 00.0% | Unchanged |
| Agf Management Ltd | 11,761 | $2.05M | 0.01% | −547−4.4% | Reduced |
| New York State Teachers Retirement System | 11,634 | $2.03M | 0.00% | 00.0% | Unchanged |
| Bank of Montreal | 11,534 | $2.01M | 0.00% | +2,945+34.3% | Added |
| Martingale Asset Management L P | 11,311 | $1.97M | 0.05% | +200+1.8% | Added |
| Numerai GP LLC | 10,967 | $1.91M | 0.23% | −4,191−27.6% | Reduced |
| Kestra Advisory Services, LLC | 10,946 | $1.91M | 0.01% | +4,673+74.5% | Added |
| Truist Financial Corp | 10,874 | $1.90M | 0.00% | +1,200+12.4% | Added |
| State of Tennessee, Treasury Department | 12,835 | $1.88M | 0.01% | −1,061−7.6% | Reduced |
| ExodusPoint Capital Management, LP | 10,552 | $1.84M | 0.02% | −25,736−70.9% | Reduced |
| Vontobel Holding Ltd. | 10,429 | $1.82M | 0.01% | +1,398+15.5% | Added |
| Abacus Wealth Partners, LLC | 10,205 | $1.78M | 0.17% | +10,205 | New |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 10,190 | $1.78M | 0.06% | −441−4.1% | Reduced |
| Mitsubishi UFJ Asset Management (UK) Ltd. | 10,000 | $1.74M | 0.85% | +2,000+25.0% | Added |
| Squarepoint Ops LLC | 9,951 | $1.74M | 0.00% | −133,685−93.1% | Reduced |
| Los Angeles Capital Management LLC | 9,283 | $1.68M | 0.01% | 00.0% | Unchanged |
| Cim, LLC | 9,493 | $1.66M | 0.22% | +171+1.8% | Added |
| MML Investors Services, LLC | 9,454 | $1.65M | 0.00% | +865+10.1% | Added |
| Essex Investment Management Co LLC | 9,358 | $1.63M | 0.25% | +1,481+18.8% | Added |
| Raiffeisen Bank International AG | 9,000 | $1.60M | 0.02% | +4,000+80.0% | Added |
| Hantz Financial Services, Inc. | 8,949 | $1.56M | 0.02% | +8,893+15,880.4% | Added |
| The PNC Financial Services Group, Inc. | 8,943 | $1.56M | 0.00% | −829−8.5% | Reduced |
| Pathstone Holdings, LLC | 8,884 | $1.55M | 0.01% | −1,760−16.5% | Reduced |
| CBOE Vest Financial, LLC | 8,646 | $1.51M | 0.02% | +8,646 | New |
| Amalgamated Bank | 8,570 | $1.50M | 0.01% | +137+1.6% | Added |
| Argent Capital Management LLC | 8,525 | $1.49M | 0.04% | −6,377−42.8% | Reduced |
| Yousif Capital Management, LLC | 8,880 | $1.47M | 0.02% | −1,146−11.4% | Reduced |
| Citigroup Inc | 8,389 | $1.46M | 0.00% | −3,068−26.8% | Reduced |
| Town & Country Bank & Trust CO dba First Bankers Trust CO | 8,382 | $1.46M | 0.49% | +736+9.6% | Added |
| Oddo BHF Asset Management SAS | 8,279 | $1.44M | 0.05% | −4,254−33.9% | Reduced |
| Arizona State Retirement System | 8,234 | $1.44M | 0.01% | −486−5.6% | Reduced |
| Union Bancaire Privee, UBP SA | 7,924 | $1.42M | 0.02% | −243−3.0% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 8,075 | $1.41M | 0.01% | −234−2.8% | Reduced |
| Davy Global Fund Management Ltd | 7,868 | $1.37M | 0.09% | −2,126−21.3% | Reduced |
| Meiji Yasuda Life Insurance Co | 7,700 | $1.34M | 0.04% | +4,000+108.1% | Added |
| HRT Financial LP | 7,524 | $1.31M | 0.00% | +7,524 | New |