BADGER METER INC (BMI) — Institutional Holders, Q2 2026

486 institutional investment managers reported a BMI position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $4.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← BMI stock profile

BMI in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

169

Trimmed

159

Sold out

Biggest buyers

Impax Asset Management Group plcNew · +945,694 sh+$140.3M
Van Berkom & AssociatesNew · +330,384 sh+$49.0M
FIRST ADVISORSAdded · +211,508 sh+$31.4M
Sandhill Capital PartnersNew · +201,632 sh+$29.9M
Boston WaldenAdded · +198,792 sh+$29.5M

Biggest sellers

BAMCOSold out · -312,213 sh-$46.3M
Invesco Ltd.Trimmed · -272,564 sh-$40.4M
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENTTrimmed · -265,490 sh-$39.4M
UBS Group AGTrimmed · -228,763 sh-$33.9M
RENAISSANCE TECHNOLOGIESSold out · -199,200 sh-$29.6M

BMI 13F holders ranked 1–100 of 486

Institutional investors reporting a position in BADGER METER INC on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 4,892,342 sh	4,892,342	$725.9M	0.01%	-1.2%
2	VANGUARD PORTFOLIO MANAGEMENT#2 · 2,504,823 sh	2,504,823	$371.7M	0.02%	+2.2%
3	STATE STREET#3 · 1,651,414 sh	1,651,414	$245.0M	<0.01%	+8.3%
4	VANGUARD CAPITAL MANAGEMENT#4 · 1,317,325 sh	1,317,325	$195.5M	<0.01%	+1.2%
5	GEODE CAPITAL MANAGEMENT#5 · 1,008,392 sh	1,008,392	$149.6M	<0.01%	+7.4%
6	Impax Asset Management Group plc#6 · 945,694 sh	945,694	$140.3M	0.91%	New
7	FIRST ADVISORS#7 · 771,864 sh	771,864	$114.5M	0.07%	+37.7%
8	MORGAN STANLEY#8 · 739,882 sh	739,882	$109.8M	<0.01%	+11.6%
9	Boston Walden#9 · 728,961 sh	728,961	$108.2M	0.82%	+37.5%
10	UBS Group AG#10 · 629,411 sh	629,411	$93.4M	0.01%	-26.7%
11	Amundi#11 · 590,079 sh	590,079	$87.6M	0.02%	+28.5%
12	Pictet Asset Management Holding SA#12 · 574,477 sh	574,477	$85.2M	0.08%	+45.7%
13	DIMENSIONAL FUND ADVISORS#13 · 517,496 sh	517,496	$76.8M	0.01%	-4.2%
14	Invesco Ltd.#14 · 505,343 sh	505,343	$75.0M	<0.01%	-35.0%
15	Neuberger Berman Group#15 · 499,519 sh	499,519	$74.1M	0.05%	+44.1%
16	BANK OF AMERICA#16 · 460,602 sh	460,602	$68.3M	<0.01%	+57.3%
17	JPMORGAN CHASE#17 · 434,707 sh	434,707	$60.5M	<0.01%	-8.6%
18	NORTHERN#18 · 380,008 sh	380,008	$56.4M	<0.01%	+14.3%
19	NORGES BANK#19 · 374,295 sh	374,295	$55.5M	<0.01%	—
20	CHARLES SCHWAB INVESTMENT MANAGEMENT#20 · 335,404 sh	335,404	$49.8M	<0.01%	+5.0%
21	Van Berkom & Associates#21 · 330,384 sh	330,384	$49.0M	1.58%	New
22	MARSHALL WACE, LLP#22 · 312,146 sh	312,146	$46.3M	0.04%	-38.4%
23	GOLDMAN SACHS GROUP#23 · 311,866 sh	311,866	$46.3M	<0.01%	-32.9%
24	MIRAE ASSET GLOBAL ETFS Ltd.#24 · 280,713 sh	280,713	$41.6M	0.05%	+6.4%
25	PRICE T ROWE ASSOCIATES#25 · 276,884 sh	276,884	$41.1M	<0.01%	+6.2%
26	AMERICAN CAPITAL MANAGEMENT#26 · 258,243 sh	258,243	$38.3M	1.72%	+39.0%
27	FUNDSMITH INVESTMENT SERVICES LTD.#27 · 251,196 sh	251,196	$37.3M	0.82%	+89.4%
28	Rockefeller Capital Management L.P.#28 · 243,204 sh	243,204	$36.1M	0.06%	-7.1%
29	Grantham, Mayo, Van Otterloo#29 · 229,639 sh	229,639	$34.1M	0.08%	+12.7%
30	FRANKLIN RESOURCES#30 · 223,931 sh	223,931	$33.2M	<0.01%	+1.2%
31	FEDERATED HERMES#31 · 212,645 sh	212,645	$31.6M	0.05%	+495.3%
32	Legal & General Group Plc#32 · 211,253 sh	211,253	$31.3M	<0.01%	+4.2%
33	VANGUARD FIDUCIARY#33 · 209,599 sh	209,599	$31.1M	<0.01%	+1.8%
34	STOREBRAND ASSET MANAGEMENT AS#34 · 209,229 sh	209,229	$31.0M	0.08%	+34.5%
35	Sandhill Capital Partners#35 · 201,632 sh	201,632	$29.9M	2.43%	New
36	Select Equity Group, L.P.#36 · 199,278 sh	199,278	$29.6M	0.15%	+117.0%
37	Bank of New York Mellon#37 · 196,890 sh	196,890	$29.2M	<0.01%	-4.1%
38	Copeland Capital Management#38 · 190,906 sh	190,906	$28.3M	—	New
39	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#39 · 188,594 sh	188,594	$28.0M	0.01%	+37.0%
40	PRINCIPAL FINANCIAL GROUP#40 · 183,970 sh	183,970	$27.3M	0.01%	+1.9%
41	Belpointe Asset Management#41 · 178,964 sh	178,964	$26.6M	0.87%	0.0%
42	Fundsmith LLP#42 · 174,627 sh	174,627	$25.9M	0.19%	+22.6%
43	TD ASSET MANAGEMENT#43 · 172,506 sh	172,506	$25.6M	0.02%	-5.2%
44	ENVESTNET ASSET MANAGEMENT#44 · 167,310 sh	167,310	$24.8M	<0.01%	+27.6%
45	Rodgers Brothers#45 · 155,230 sh	155,230	$23.0M	2.24%	+74.0%
46	JUPITER ASSET MANAGEMENT LTD#46 · 154,818 sh	154,818	$23.0M	0.11%	+17.8%
47	Toroso Investments#47 · 147,423 sh	147,423	$21.9M	0.04%	-9.8%
48	NEEDHAM INVESTMENT MANAGEMENT#48 · 145,000 sh	145,000	$21.5M	0.65%	+383.3%
49	DF DENT#49 · 143,925 sh	143,925	$21.4M	0.41%	-4.6%
50	ROYAL BANK OF CANADA#50 · 138,884 sh	138,884	$20.6M	<0.01%	-4.8%
51	DekaBank Deutsche Girozentrale#51 · 137,060 sh	137,060	$20.2M	0.03%	0.0%
52	BRIDGES INVESTMENT MANAGEMENT#52 · 135,764 sh	135,764	$20.1M	0.24%	+39.4%
53	Allianz Asset Management GmbH#53 · 125,717 sh	125,717	$19.2M	0.02%	0.0%
54	RAYMOND JAMES FINANCIAL#54 · 118,544 sh	118,544	$17.6M	<0.01%	-8.2%
55	Nuveen#55 · 117,051 sh	117,051	$17.4M	<0.01%	-13.4%
56	RHUMBLINE ADVISERS#56 · 113,164 sh	113,164	$16.8M	0.01%	-8.1%
57	ProShare Advisors#57 · 112,128 sh	112,128	$16.6M	0.02%	+33.4%
58	GABELLI FUNDS#58 · 103,927 sh	103,927	$15.4M	0.10%	+0.7%
59	Epoch Investment Partners#59 · 102,122 sh	102,122	$15.2M	0.09%	+1.2%
60	PUBLIC SECTOR PENSION INVESTMENT BOARD#60 · 100,272 sh	100,272	$14.9M	0.04%	-4.9%
61	CONGRESS ASSET MANAGEMENT#61 · 100,030 sh	100,030	$14.8M	—	-2.0%
62	MAIRS & POWER#62 · 99,464 sh	99,464	$14.8M	0.14%	-5.1%
63	DEUTSCHE BANK AG\#63 · 98,707 sh	98,707	$14.6M	<0.01%	+5.0%
64	CITIGROUP#64 · 96,937 sh	96,937	$14.4M	<0.01%	+246.5%
65	GAMCO INVESTORS, ET AL#65 · 96,725 sh	96,725	$14.4M	0.13%	-2.0%
66	COMMONWEALTH EQUITY SERVICES#66 · 94,969 sh	94,969	$14.1M	0.02%	+8.7%
67	Handelsbanken Fonder AB#67 · 94,029 sh	94,029	$14.0M	0.04%	-3.2%
68	CI INVESTMENTS#68 · 92,973 sh	92,973	$13.8M	0.04%	+127.2%
69	Granite Investment Partners#69 · 91,485 sh	91,485	$13.6M	0.70%	+49.8%
70	AQR CAPITAL MANAGEMENT#70 · 89,789 sh	89,789	$13.3M	<0.01%	+94.9%
71	WELLS FARGO & COMPANY#71 · 86,984 sh	86,984	$12.9M	<0.01%	+39.4%
72	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#72 · 85,820 sh	85,820	$12.7M	<0.01%	-1.0%
73	EULAV Asset Management#73 · 84,200 sh	84,200	$12.5M	—	-7.7%
74	SEGALL BRYANT & HAMILL#74 · 81,774 sh	81,774	$12.1M	0.14%	+40.7%
75	Daventry Group#75 · 80,200 sh	80,200	$11.9M	8.98%	New
76	Robeco Schweiz AG#76 · 75,896 sh	75,896	$11.3M	—	-46.3%
77	RMB Capital Management#77 · 75,739 sh	75,739	$11.2M	0.17%	+45.2%
78	Swiss Life Asset Management Ltd#78 · 75,648 sh	75,648	$11.2M	0.05%	+6.4%
79	Triodos Investment Management BV#79 · 75,000 sh	75,000	$11.1M	0.68%	+15.4%
80	ALPS ADVISORS#80 · 71,707 sh	71,707	$10.6M	0.05%	-9.1%
81	Vulcan Value Partners#81 · 68,684 sh	68,684	$10.2M	0.31%	New
82	BESSEMER GROUP#82 · 65,090 sh	65,090	$9.7M	0.01%	-52.2%
83	DUDLEY & SHANLEY#83 · 63,000 sh	63,000	$9.3M	—	-48.4%
84	BROWN CAPITAL MANAGEMENT#84 · 62,218 sh	62,218	$9.2M	1.85%	-13.7%
85	Williams Jones Wealth Management#85 · 61,596 sh	61,596	$9.1M	0.10%	New
86	BANK OF MONTREAL#86 · 59,532 sh	59,532	$8.8M	<0.01%	+332.5%
87	Swiss National Bank#87 · 58,600 sh	58,600	$8.7M	<0.01%	+0.7%
88	BALYASNY ASSET MANAGEMENT L.P.#88 · 58,511 sh	58,511	$8.7M	0.01%	New
89	NORTHWESTERN MUTUAL WEALTH MANAGEMENT#89 · 56,724 sh	56,724	$8.4M	<0.01%	+7734.8%
90	VIRGINIA RETIREMENT SYSTEMS ET Al#90 · 55,300 sh	55,300	$8.2M	0.03%	+497.8%
91	Holocene Advisors#91 · 53,870 sh	53,870	$8.0M	0.02%	+123.2%
92	Waverly Advisors#92 · 53,675 sh	53,675	$8.0M	0.05%	-0.7%
93	DUFF & PHELPS INVESTMENT MANAGEMENT#93 · 52,121 sh	52,121	$7.7M	0.07%	+20.9%
94	KLP KAPITALFORVALTNING AS#94 · 50,400 sh	50,400	$7.5M	0.02%	+12.2%
95	Zurcher Kantonalbank (Zurich Cantonalbank)#95 · 47,793 sh	47,793	$7.1M	0.01%	-2.2%
96	AMERIPRISE FINANCIAL#96 · 46,639 sh	46,639	$6.9M	<0.01%	-34.3%
97	Universal- Beteiligungs- und Servicegesellschaft mbH#97 · 44,463 sh	44,463	$6.6M	0.01%	+16.6%
98	TEACHER RETIREMENT SYSTEM OF TEXAS#98 · 43,550 sh	43,550	$6.5M	0.02%	-0.6%
99	D. E. Shaw#99 · 42,667 sh	42,667	$6.3M	<0.01%	+18.3%
100	Meiji Yasuda Asset Management Ltd.#100 · 42,485 sh	42,485	$6.3M	0.28%	+8.1%

Funds that sold out of BMI in Q2 2026 (72)

Held BMI at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held BMI in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
BAMCO312,213 sh	312,213	$47.6M
RENAISSANCE TECHNOLOGIES199,200 sh	199,200	$30.3M
MILLENNIUM MANAGEMENT126,098 sh	126,098	$19.2M
Conestoga Capital Advisors122,658 sh	122,658	$18.7M
VOLORIDGE INVESTMENT MANAGEMENT113,238 sh	113,238	$17.3M
Squarepoint Ops75,936 sh	75,936	$11.6M
CITADEL ADVISORS40,038 sh	40,038	$6.1M
VAN ECK ASSOCIATES33,922 sh	33,922	$5.2M
HEALTHCARE OF ONTARIO PENSION PLAN FUND33,298 sh	33,298	$5.1M
CAXTON ASSOCIATES LLP31,802 sh	31,802	$4.8M
TWO SIGMA INVESTMENTS30,993 sh	30,993	$4.7M
CAPITAL FUND MANAGEMENT S.A.28,121 sh	28,121	$4.3M
UniSuper Management Pty Ltd27,523 sh	27,523	$4.2M
EFG International AG22,466 sh	22,466	$3.4M
Regency Capital Management \DE19,818 sh	19,818	$3.0M
Nelson, Van Denburg & Campbell Wealth Management Group16,631 sh	16,631	$2.5M
AGF MANAGEMENT LTD11,451 sh	11,451	$1.7M
CIM9,488 sh	9,488	$1.4M
abrdn plc8,637 sh	8,637	$1.3M
Vontobel Holding Ltd.7,658 sh	7,658	$1.2M
Calamos Advisors7,355 sh	7,355	$1.1M
ODDO BHF ASSET MANAGEMENT SAS6,379 sh	6,379	$971.8K
SBI Okasan Asset Management Ltd.6,400 sh	6,400	$947.8K
BOOTHBAY FUND MANAGEMENT5,701 sh	5,701	$868.5K
Caption Management5,500 sh	5,500	$837.9K
Quadrature Capital Ltd5,078 sh	5,078	$773.6K
FIRST INTERSTATE BANK3,596 sh	3,596	$547.9K
DAVENPORT3,403 sh	3,403	$518.4K
FORA Capital2,622 sh	2,622	$399.0K
FIL Ltd2,281 sh	2,281	$347.5K
O'SHAUGHNESSY ASSET MANAGEMENT2,078 sh	2,078	$316.6K
Brevan Howard Capital Management1,949 sh	1,949	$296.9K
Alpha Wealth Funds2,000 sh	2,000	$296.2K
Verition Fund Management1,734 sh	1,734	$264.2K
GLENMEDE NA1,688 sh	1,688	$257.2K
Yorktown Management & Research1,650 sh	1,650	$251.4K
Cambridge Investment Research Advisors1,593 sh	1,593	$243.0K
BankChampaign, National Association1,095 sh	1,095	$234.8K
Graham Capital Management, L.P.1,530 sh	1,530	$233.1K
Abel Hall1,479 sh	1,479	$225.3K
AIGEN INVESTMENT MANAGEMENT1,475 sh	1,475	$224.7K
Blackstone1,468 sh	1,468	$223.7K
CONNABLE OFFICE1,441 sh	1,441	$219.5K
Gallacher Capital Management1,423 sh	1,423	$216.7K
Stratos Wealth Partners, LTD.1,404 sh	1,404	$213.9K
Concurrent Investment Advisors1,314 sh	1,314	$200.2K
Freestone Grove Partners1,284 sh	1,284	$195.6K
Financiere des Professionnels - Fonds d,investissement1,196 sh	1,196	$182.2K
MAI Capital Management759 sh	759	$115.6K
Dundas Partners LLP639 sh	639	$97.4K
Aster Capital Management (DIFC) Ltd487 sh	487	$92.7K
Kohmann Bosshard Financial Services534 sh	534	$81.4K
Catalyst Capital Advisors445 sh	445	$67.8K
SIMPLEX TRADING288 sh	288	$43.9K
Banque Cantonale Vaudoise162 sh	162	$25.0K
Advisory Services Network122 sh	122	$18.6K
Addison Advisors78 sh	78	$11.9K
Root Financial Partners52 sh	52	$7.9K
TWIN PEAKS WEALTH ADVISORS47 sh	47	$7.2K
CVA Family Office27 sh	27	$4.1K
Golden State Equity Partners21 sh	21	$3.2K
WHITTIER13 sh	13	$2.0K
North Star Investment Management13 sh	13	$2.0K
ENTRUST FINANCIAL11 sh	11	$1.7K
IFP Advisors9 sh	9	$1.4K
Sound Income Strategies6 sh	6	$925.00
Ronald Blue6 sh	6	$914.00
Bay Harbor Wealth Management3 sh	3	$457.00
HFM Investment Advisors2 sh	2	$305.00
TFC Financial Management1 sh	1	$153.00
Vermillion Wealth Management1 sh	1	$152.00
CURIO WEALTH1 sh	1	$152.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.