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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, Q1 2026

Institutional positions in Badger Meter Inc as of Mar 31, 2026. 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
477
−4 vs. Q4 2025
Shares held
30.5M
+5.33M (+21.2%) vs. Q4 2025
Total value
$4.63B
+$240.8M (+5.5%) vs. Q4 2025
New holders
69
186 more added
Sold out
73
153 more reduced

9 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 477 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 heldQ1 2026: $4.63B
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, Q1 2026

Shares, value and share of portfolio for each institution holding Badger Meter Inc; share changes are against Q4 2025.

Institutions holding BMI in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Aster Capital Management (DIFC) Ltd487$92.7K0.03%+487New
Eurizon Capital SGR S.p.A.632$94.1K0.00%00.0%Unchanged
Dundas Partners LLP639$97.4K0.01%−134−17.3%Reduced
Pacific Center for Financial Services673$102.5K0.03%00.0%Unchanged
GHP Investment Advisors, Inc.689$105.0K0.00%−84−10.9%Reduced
Clearstead Advisors, LLC703$107.1K0.00%−33−4.5%Reduced
Northwestern Mutual Wealth Management Co724$110.4K0.00%+76+11.7%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.755$115.0K0.00%+245+48.0%Added
MAI Capital Management759$115.6K0.00%+51+7.2%Added
GWM Advisors LLC880$134.1K0.00%−85−8.8%Reduced
Pacer Advisors, Inc.945$144.0K0.00%+416+78.6%Added
GAMMA Investing LLC947$144.3K0.01%+295+45.2%Added
Federation des caisses Desjardins du Quebec988$150.5K0.00%+34+3.6%Added
Parallel Advisors, LLC1,007$153.4K0.00%−147−12.7%Reduced
Financiere des Professionnels - Fonds d,investissement inc.1,196$182.2K0.01%00.0%Unchanged
State of Wyoming1,222$186.2K0.02%+50+4.3%Added
CWM, LLC1,236$188.3K0.00%+104+9.2%Added
Pinnacle Wealth Planning Services, Inc.1,260$192.0K0.02%+144+12.9%Added
Freestone Grove Partners LP1,284$195.6K0.00%+1,284New
Concurrent Investment Advisors, LLC1,314$200.2K0.00%−369−21.9%Reduced
Perigon Wealth Management, LLC1,322$201.5K0.00%+1,322New
Captrust Financial Advisors1,334$203.2K0.00%+96+7.8%Added
Los Angeles Capital Management LLC1,335$203.4K0.00%−7,948−85.6%Reduced
Principal Securities, Inc.1,345$204.9K0.00%−55−3.9%Reduced
WSFS Capital Management, LLC1,384$210.9K0.01%−25−1.8%Reduced
Personal Cfo Solutions, LLC1,398$213.0K0.03%+240+20.7%Added
Baker Ellis Asset Management LLC1,399$213.1K0.03%00.0%Unchanged
Nisa Investment Advisors, LLC1,404$213.9K0.00%+75+5.6%Added
Stratos Wealth Partners, LTD.1,404$213.9K0.00%+156+12.5%Added
Journey Strategic Wealth LLC1,404$213.9K0.01%+107+8.2%Added
Gallacher Capital Management LLC1,423$216.7K0.08%+1,423New
Connable Office Inc1,441$219.5K0.02%+1,441New
Umb Bank N A1,448$220.6K0.00%−6−0.4%Reduced
Blackstone Group Inc.1,468$223.7K0.00%+1,468New
Aigen Investment Management, LP1,475$224.7K0.06%+1,475New
Abel Hall, LLC1,479$225.3K0.05%+1,479New
Millstone Evans Group, LLC1,490$227.0K0.14%00.0%Unchanged
Groupe la Francaise1,500$227.5K0.00%−800−34.8%Reduced
Ensign Peak Advisors, Inc1,498$228.2K0.00%00.0%Unchanged
Nvest Financial, LLC1,500$228.5K0.09%00.0%Unchanged
Graham Capital Management, L.P.1,530$233.1K0.01%+1,530New
BankChampaign, National Association1,095$234.8K0.23%−20−1.8%Reduced
Clearwave Capital, LLC1,559$237.5K0.16%+4+0.3%Added
Glen Eagle Advisors, LLC1,564$238.3K0.03%00.0%Unchanged
AE Wealth Management LLC1,579$240.6K0.00%+377+31.4%Added
New Age Alpha Advisors, LLC1,582$241.0K0.01%−44−2.7%Reduced
Cambridge Investment Research Advisors, Inc.1,593$243.0K0.00%−1,293−44.8%Reduced
Rock Point Advisors, LLC1,600$243.8K0.07%00.0%Unchanged
Alpine Bank Wealth Management1,623$247.3K0.04%00.0%Unchanged
KBC Group NV1,650$251.0K0.00%−23−1.4%Reduced
Yorktown Management & Research Co Inc1,650$251.4K0.21%00.0%Unchanged
Northside Capital Management, LLC1,650$251.4K0.02%00.0%Unchanged
Portside Wealth Group, LLC1,685$256.7K0.03%+95+6.0%Added
Glenmede Trust Co NA1,688$257.2K0.00%+75+4.6%Added
Perbak Capital Partners LLP1,710$260.5K0.06%+1,710New
Steward Partners Investment Advisory, LLC1,729$263.5K0.00%+15+0.9%Added
Verition Fund Management LLC1,734$264.2K0.00%−888−33.9%Reduced
RWC Asset Management LLP1,762$268.4K0.01%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC1,785$272.6K0.00%+185+11.6%Added
STRS Ohio1,800$274.2K0.00%−700−28.0%Reduced
Sage Mountain Advisors LLC1,825$278.0K0.02%+306+20.1%Added
Tandem Investment Advisors, Inc.1,865$284.1K0.01%−906−32.7%Reduced
PFG Investments, LLC1,896$288.8K0.01%+5+0.3%Added
Vestcor Inc1,899$289.0K0.01%00.0%Unchanged
Janney Montgomery Scott LLC1,916$292.0K0.00%−50−2.5%Reduced
Chevy Chase Trust Holdings, Inc.1,929$293.9K0.00%00.0%Unchanged
XTX Topco Ltd1,937$295.1K0.01%+1,937New
Alpha Wealth Funds, LLC2,000$296.2K0.21%+2,000New
Alliance Wealth Advisors, LLC1,947$296.6K0.06%−692−26.2%Reduced
Brevan Howard Capital Management LP1,949$296.9K0.00%−853−30.4%Reduced
Umpqua Bank1,949$296.9K0.08%−400−17.0%Reduced
Fruth Investment Management2,000$304.0K0.08%00.0%Unchanged
Colony Group, LLC2,055$313.7K0.00%−92−4.3%Reduced
Everence Capital Management Inc2,075$316.0K0.02%−175−7.8%Reduced
O'Shaughnessy Asset Management, LLC2,078$316.6K0.00%−943−31.2%Reduced
Caitlin John, LLC2,083$317.4K0.19%+126+6.4%Added
Cullen Capital Management LLC2,092$318.7K0.00%+2,092New
Inspire Advisors, LLC2,151$327.7K0.03%+133+6.6%Added
Putney Financial Group LLC2,180$332.1K0.33%−160−6.8%Reduced
Midwest Professional Planners, LTD.2,193$334.1K0.08%−175−7.4%Reduced
Saturna Capital CORP2,233$340.2K0.00%00.0%Unchanged
Cresset Asset Management, LLC2,258$344.0K0.00%+82+3.8%Added
Burney Co2,275$346.6K0.01%−220−8.8%Reduced
FIL Ltd2,281$347.5K0.00%−3,575−61.0%Reduced
Evergreen Capital Management LLC2,305$351.2K0.01%−490−17.5%Reduced
Gibbs Wealth Management2,315$352.7K0.05%+2,315New
Tower Research Capital LLC (TRC)2,394$364.7K0.01%+1,675+233.0%Added
Modern Wealth Management, LLC2,372$365.8K0.01%+376+18.8%Added
Ameritas Investment Partners, Inc.2,410$367.2K0.01%00.0%Unchanged
Corient IA LLC2,420$368.7K0.35%−580−19.3%Reduced
Ballentine Partners, LLC2,427$369.8K0.01%+244+11.2%Added
Oppenheimer Asset Management Inc.2,453$373.7K0.00%+2,453New
FORA Capital, LLC2,622$399.0K0.03%+2,622New
Baird Financial Group, Inc.2,625$399.9K0.00%−18,369−87.5%Reduced
Ellenbecker Investment Group2,713$413.3K0.06%00.0%Unchanged
Empowered Funds, LLC2,793$425.5K0.00%+2,793New
Quantinno Capital Management LP2,828$430.9K0.00%−1,918−40.4%Reduced
D.B. Root & Company, LLC2,840$432.7K0.10%+2,840New
Schroder Investment Management Group2,953$437.3K0.00%−120−3.9%Reduced
Exchange Traded Concepts, LLC2,896$441.2K0.00%−1,491−34.0%Reduced