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 |
|---|---|---|---|---|---|
| Zions Bancorporation, National Association | 7,502 | $1.31M | 0.06% | −496−6.2% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,388 | $1.29M | 0.01% | −993−11.8% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 7,296 | $1.27M | 0.01% | −209−2.8% | Reduced |
| Values First Advisors, Inc. | 7,125 | $1.24M | 0.64% | −438−5.8% | Reduced |
| Johnson Financial Group, Inc. | 6,970 | $1.22M | 0.05% | −1,200−14.7% | Reduced |
| Two Sigma Advisers, LP | 6,900 | $1.20M | 0.00% | +5,200+305.9% | Added |
| Royce & Associates LP | 6,882 | $1.20M | 0.01% | +383+5.9% | Added |
| Cavalier Investments, LLC | 6,837 | $1.19M | 0.37% | −6,969−50.5% | Reduced |
| Oregon Public Employees Retirement Fund | 6,742 | $1.18M | 0.01% | +100+1.5% | Added |
| State Board of Administration of Florida Retirement System | 6,632 | $1.16M | 0.00% | 00.0% | Unchanged |
| SBI Okasan Asset Management Co.Ltd. | 6,400 | $1.15M | 0.06% | +6,400 | New |
| Marietta Investment Partners LLC | 6,571 | $1.15M | 0.23% | −1,963−23.0% | Reduced |
| Jane Street Group, LLC | 6,423 | $1.12M | 0.00% | −42,993−87.0% | Reduced |
| Oak Ridge Investments LLC | 6,405 | $1.12M | 0.07% | −3,639−36.2% | Reduced |
| Holocene Advisors, LP | 6,087 | $1.06M | 0.00% | +6,087 | New |
| Diversify Wealth Management, LLC | 6,139 | $1.05M | 0.05% | +212+3.6% | Added |
| Level Four Advisory Services, LLC | 6,020 | $1.05M | 0.03% | −152−2.5% | Reduced |
| CI Private Wealth, LLC | 5,925 | $1.04M | 0.00% | −2,676−31.1% | Reduced |
| Cetera Investment Advisers | 5,909 | $1.03M | 0.00% | +672+12.8% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 5,891 | $1.03M | 0.00% | +2,073+54.3% | Added |
| Flputnam Investment Management Co | 5,865 | $1.02M | 0.01% | 00.0% | Unchanged |
| FIL Ltd | 5,856 | $1.02M | 0.00% | +4,789+448.8% | Added |
| Federated Hermes, Inc. | 5,846 | $1.02M | 0.00% | +3,299+129.5% | Added |
| Lombard Odier Asset Management (USA) Corp | 5,760 | $1.00M | 0.41% | −5,715−49.8% | Reduced |
| Ethic Inc. | 5,686 | $991.7K | 0.02% | −179−3.1% | Reduced |
| Mercer Global Advisors Inc | 5,583 | $973.8K | 0.00% | +135+2.5% | Added |
| JustInvest LLC | 5,528 | $964.1K | 0.01% | +25+0.5% | Added |
| River Street Advisors LLC | 5,385 | $939.2K | 0.35% | +187+3.6% | Added |
| Nikko Asset Management Americas, Inc. | 5,272 | $918.4K | 0.01% | +2,073+64.8% | Added |
| Quantinno Capital Management LP | 4,746 | $827.8K | 0.00% | +1,921+68.0% | Added |
| Aquatic Capital Management LLC | 4,733 | $825.5K | 0.02% | +3,410+257.7% | Added |
| Jones Financial Companies LLLP | 4,658 | $812.5K | 0.00% | +880+23.3% | Added |
| Entropy Technologies, LP | 4,624 | $806.5K | 0.04% | +4,624 | New |
| Mission Wealth Management, LP | 4,550 | $793.6K | 0.02% | −259−5.4% | Reduced |
| Exchange Traded Concepts, LLC | 4,387 | $765.1K | 0.01% | −636−12.7% | Reduced |
| Maryland State Retirement & Pension System | 4,316 | $752.8K | 0.02% | +79+1.9% | Added |
| OP Asset Management Ltd | 4,294 | $748.9K | 0.01% | −5,530−56.3% | Reduced |
| Engineers Gate Manager LP | 4,140 | $722.1K | 0.01% | −32,788−88.8% | Reduced |
| Sequoia Financial Advisors, LLC | 4,051 | $706.5K | 0.00% | +398+10.9% | Added |
| Quantbot Technologies LP | 3,941 | $687.4K | 0.02% | −25,452−86.6% | Reduced |
| Envestnet Portfolio Solutions, Inc. | 3,919 | $683.5K | 0.00% | +22+0.6% | Added |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 3,906 | $681.2K | 0.09% | +3,906 | New |
| Dark Forest Capital Management LP | 3,802 | $663.1K | 0.03% | −3,170−45.5% | Reduced |
| TD Waterhouse Canada Inc. | 3,789 | $660.0K | 0.00% | +275+7.8% | Added |
| First Citizens Bank & Trust Co | 3,668 | $639.7K | 0.01% | −54−1.5% | Reduced |
| Quadrant Capital Group LLC | 3,618 | $631.0K | 0.02% | −72−2.0% | Reduced |
| Jump Financial, LLC | 3,536 | $616.7K | 0.01% | +226+6.8% | Added |
| Plus Group Wealth Advisors LLC | 3,534 | $616.4K | 0.68% | +3,534 | New |
| Legato Capital Management LLC | 3,532 | $616.0K | 0.05% | −3,333−48.6% | Reduced |
| Davenport & Co LLC | 3,393 | $591.7K | 0.00% | −117−3.3% | Reduced |
| Susquehanna International Group, LLP | 3,378 | $589.2K | 0.00% | −7,078−67.7% | Reduced |
| Mutual of America Capital Management LLC | 3,368 | $587.4K | 0.01% | +67+2.0% | Added |
| Benjamin Edwards Inc | 3,329 | $580.6K | 0.01% | +257+8.4% | Added |
| CWM Advisors, LLC | 3,327 | $580.3K | 0.05% | −962−22.4% | Reduced |
| Teton Advisors, LLC | 3,250 | $566.8K | 0.39% | 00.0% | Unchanged |
| Lazard Freres Gestion S.A.S. | 3,250 | $566.0K | 0.01% | +300+10.2% | Added |
| Public Employees Retirement Association of Colorado | 3,222 | $562.0K | 0.00% | 00.0% | Unchanged |
| Trust Point Inc. | 3,205 | $559.0K | 0.04% | −370−10.3% | 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 |
| Schroder Investment Management Group | 3,073 | $547.7K | 0.00% | −420−12.0% | Reduced |
| Gotham Asset Management, LLC | 3,112 | $542.8K | 0.00% | −4,385−58.5% | Reduced |
| Guggenheim Capital LLC | 3,064 | $534.4K | 0.00% | +3,064 | New |
| O'Shaughnessy Asset Management, LLC | 3,021 | $526.9K | 0.00% | −1,078−26.3% | Reduced |
| HighTower Advisors, LLC | 3,015 | $525.8K | 0.00% | −351−10.4% | Reduced |
| Corient IA LLC | 3,000 | $523.2K | 0.49% | 00.0% | Unchanged |
| Xponance, Inc. | 2,998 | $522.9K | 0.00% | +53+1.8% | Added |
| Cambridge Investment Research Advisors, Inc. | 2,886 | $503.0K | 0.00% | +140+5.1% | Added |
| Crossmark Global Holdings, Inc. | 2,858 | $498.5K | 0.01% | −83−2.8% | Reduced |
| Park Avenue Securities LLC | 2,854 | $498.0K | 0.00% | +91+3.3% | Added |
| Aureus Asset Management, LLC | 2,803 | $488.9K | 0.03% | 00.0% | Unchanged |
| Brevan Howard Capital Management LP | 2,802 | $488.7K | 0.01% | −10,409−78.8% | Reduced |
| Evergreen Capital Management LLC | 2,795 | $487.5K | 0.01% | −187−6.3% | Reduced |
| Tandem Investment Advisors, Inc. | 2,771 | $483.3K | 0.02% | +1,043+60.4% | Added |
| Aviva PLC | 2,768 | $482.8K | 0.00% | +90+3.4% | Added |
| IHT Wealth Management, LLC | 2,766 | $482.4K | 0.01% | +15+0.5% | Added |
| Ellenbecker Investment Group | 2,713 | $473.2K | 0.07% | 00.0% | Unchanged |
| Norway Savings Bank | 2,655 | $463.1K | 0.21% | −50−1.8% | Reduced |
| Alliance Wealth Advisors, LLC | 2,639 | $460.3K | 0.10% | −950−26.5% | Reduced |
| Pinnacle Financial Partners, Inc. | 2,638 | $460.1K | 0.00% | +2,638 | New |
| Verition Fund Management LLC | 2,622 | $457.3K | 0.00% | −15,568−85.6% | Reduced |
| First Interstate Bank | 2,543 | $443.5K | 0.02% | −62−2.4% | Reduced |
| Virtu Financial LLC | 2,512 | $438.0K | 0.02% | +2,512 | New |
| STRS Ohio | 2,500 | $436.0K | 0.00% | 00.0% | Unchanged |
| Burney Co | 2,495 | $435.2K | 0.01% | +170+7.3% | Added |
| Van Hulzen Asset Management, LLC | 2,474 | $431.5K | 0.03% | −255−9.3% | Reduced |
| Consolidated Planning Corp | 2,449 | $427.2K | 0.04% | −8,947−78.5% | Reduced |
| Allianz SE | 2,418 | $421.7K | 0.01% | −1,293−34.8% | Reduced |
| Ameritas Investment Partners, Inc. | 2,410 | $420.3K | 0.01% | −70−2.8% | Reduced |
| Midwest Professional Planners, LTD. | 2,368 | $413.0K | 0.10% | 00.0% | Unchanged |
| Umpqua Bank | 2,349 | $409.7K | 0.11% | 00.0% | Unchanged |
| Mariner, LLC | 2,366 | $408.7K | 0.00% | −1,010−29.9% | Reduced |
| Putney Financial Group LLC | 2,340 | $408.1K | 0.38% | −263−10.1% | Reduced |
| Atria Investments LLC | 2,319 | $404.4K | 0.00% | +643+38.4% | Added |
| Edgestream Partners, L.P. | 2,306 | $402.2K | 0.01% | +2,306 | New |
| Groupe la Francaise | 2,300 | $400.6K | 0.01% | −100−4.2% | Reduced |
| Diversify Advisory Services, LLC | 2,316 | $397.6K | 0.01% | +213+10.1% | Added |
| Everence Capital Management Inc | 2,250 | $392.0K | 0.02% | 00.0% | Unchanged |
| Saturna Capital CORP | 2,233 | $389.5K | 0.01% | +2,233 | New |
| Ballentine Partners, LLC | 2,183 | $380.7K | 0.01% | +814+59.5% | Added |