$BMI

$151.75 -$4.20 (2.69%) Close

$BMI Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 28.6M shares outstanding

Who owns BMI?

By type of holder

Institutions 100.0% Insiders 0.0% Everyone else 0.0%

Concentration Top 10 holders own 52.4%

BlackRock, Inc. 17.1% · Vanguard Portfolio Management LLC 8.8%

Institutional ownership

100.0%

0 pts vs last qtr

Institutional holders

480

+6 vs last qtr

Net shares bought

+2.3M

by institutions in Q2 2026

New / sold out

82 / 76

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Impax Asset Management Group plc NEW +945.7K
Norges Bank NEW +374.3K

Biggest sellers in Q2 2026

Bamco Inc /ny/ SOLD OUT −312.2K
Invesco Ltd. −272.6K

Who is planning to sell?

Notices of proposed sale, last 12 months

$620K

2 notices from 2 people

Shares covered

4.0K

0.01% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Stoll Kimberly K Officer $310K
Begale Fred J Officer $310K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+101686.6%

+115.87% a year

Each share's claim on the business

−99.9%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$33.4M vs $36.1M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years67% 3–5 years7% 1–3 years12% Under 1 year14%

Quarterly turnover

15.5%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting BMI on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	4.9M	17.13%	−59.5K (−1.2%)	≤2021	0.0%
Shares held by quarter Peak holding5.4M (Q4'24) Change over 8 quarters−402.6K Share of the company17.130% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	2.5M	8.77%	+53.2K (+2.2%)	≤2021	0.0%
Shares held by quarter Peak holding2.5M (Q2'26) Change over 8 quarters+2.5M Share of the company8.770% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

4.9M

% of company

17.13%

Change vs last qtr

−59.5K (−1.2%)

Held since

≤2021

Vanguard Portfolio Management LLC

2.5M

% of company

8.77%

Change vs last qtr

+53.2K (+2.2%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Badger Meter, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting BMI on Form N-PORT; together they hold 54.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$261M	1.8M	6.16%	0.23%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$138M	928.5K	3.25%	0.01%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$261M

% of company

6.16%

% of the fund

0.23%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$138M

% of company

3.25%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Badger Meter, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
BK Bockhorst Kenneth Insider	51.9K	0.18%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.180% Bockhorst Kenneth's insider activity →
BW Bergum William R A Insider	32.8K	0.11%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.110% Bergum William R A's insider activity →

Bockhorst Kenneth

Insider

51.9K

% of company

0.18%

Change vs last qtr

—

Held since

—

Bergum William R A

Insider

32.8K

% of company

0.11%

Change vs last qtr

—

Held since

—

16 more holders behind a free account

See every insider and 5%+ holder of Badger Meter, Inc..

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