Vault-13

BADGER METER INC BMI

COM · Common Stock · CUSIP 056525108 · ISIN US0565251081

310 institutional holders +27 vs Q3 2022
25,100,68125.1m shares reported held*
85.7% of all shares outstanding*
$2.8bnreported value*
48 new 107 added 97 reduced 23 sold out net sold ≈ $15.9m (-143.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.8m this quarter). Holder counts are more reliable. Shares outstanding: 29.3m as of 2023-02-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $109.88. Options: 4 managers hold calls ($1.6m notional), 4 hold puts ($980.4k).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 283Q4 22: 310310Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022283
Q4 2022310

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $1.8mQ3 22 puts: $1.3mQ3 22P/C 0.75Q4 22 calls: $1.6mQ4 22 puts: $980.4kQ4 22P/C 0.60
Numbers
QuarterCallsPutsP/C
Q3 2022$1.8m$1.3m0.75
Q4 2022$1.6m$980.4k0.60

Biggest buyers

Driehaus Capital Management LLC New +210,642+210.6k
BlackRock Inc. Added +172,435+172.4k
CONGRESS ASSET MANAGEMENT CO Added +150,588+150.6k
NORGES BANK Added +120,066+120.1k
VICTORY CAPITAL MANAGEMENT INC Added +90,092+90.1k
LORD, ABBETT & CO. LLC New +90,000+90.0k
CW Advisors, LLC Added +30,362+30.4k
VANGUARD GROUP INC Added +26,823+26.8k
ACADIAN ASSET MANAGEMENT LLC Added +26,258+26.3k
BI Asset Management Fondsmaeglerselskab A/S Added +26,140+26.1k

Biggest sellers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -309,071-309.1k
STATE STREET CORP Reduced -253,384-253.4k
Impax Asset Management Group plc Reduced -181,879-181.9k
JPMORGAN CHASE & CO Reduced -136,712-136.7k
AXA S.A. Reduced -112,562-112.6k
Balyasny Asset Management L.P. Sold out -45,989-46.0k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Reduced -42,155-42.2k
Montanaro Asset Management Ltd Reduced -40,500-40.5k
ROYAL BANK OF CANADA Reduced -26,509-26.5k
Graham Capital Management, L.P. Reduced -24,297-24.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $763.2k7.0k shares
CITADEL ADVISORS LLC Reduced $545.1k5.0k shares
PEAK6 Investments LLC Reduced $338.0k3.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

PEAK6 Investments LLC Reduced $632.4k5.8k shares
CITADEL ADVISORS LLC Added $338.0k3.1k shares
SIMPLEX TRADING, LLC New $10.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-30 16.3% 4.8m≈ $709.5m 2025-04-30
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 8.5% new 2.5m≈ $367.6m 2026-04-28
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.2% new 1.5m≈ $226.5m 2026-04-29
STATE STREET CORP 13G · institution +0.3 pts · filed 2026-05-12 5.2% +0.3 pts 1.5m≈ $226.3m 2026-05-12

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Insider purchases and sales in Q4 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q1 21: 0 buyingQ1 21: 0 sellingQ2 21: 0 buyingQ2 21: 0 sellingQ2 21Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 3 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 1 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20210—0——
Q1 20220—3$202.6k—
Q2 20220—0——
Q3 20220—1$227.7k—
Q4 20220—0——

None reported in Q4 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 5,220,6675.2m $569.2m $569.2m 0.02% Added +172.4k +172,435
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,512,4493.5m $383.0m $383.0m 0.01% Added +26.8k +26,823
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,843,7091.8m $201.0m $201.0m 0.01% Reduced -253.4k -253,384
4 Impax Asset Management Group plc 0.49% of their portfolio LONDON, X0 1,002,9821.0m $108.8m $108.8m 0.49% Reduced -181.9k -181,879
5 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 840,289840.3k $91.6m $91.6m 0.03% Reduced -1.2k -1,199
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 777,228777.2k $84.7m $84.7m 0.01% Reduced -136.7k -136,712
7 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 738,633738.6k $80.5m $80.5m 0.02% Added +21.0k +20,997
8 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.23% of their portfolio LOS ANGELES, CA 673,551673.6k $73.4m $73.4m 0.23% Reduced -42.2k -42,155
9 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 582,586582.6k $63.5m $63.5m 0.01% Added +7.3k +7,259
10 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 372,848372.8k $40.7m $40.7m 0.01% Added +16.1k +16,150
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 360,282360.3k $39.3m $39.3m 0.00% Reduced -350 -350
12 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 349,769349.8k $38.1m $38.1m 0.08% Added +5.1k +5,064
13 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 340,373340.4k $37.1m $37.1m 0.01% Added +9.1k +9,055
14 Boston Trust Walden Corp 0.31% of their portfolio BOSTON, MA 325,111325.1k $35.4m $35.4m 0.31% Reduced -1.5k -1,533
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 304,057304.1k $33.2m $33.2m 0.01% Reduced -26.5k -26,509
16 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 288,815288.8k $31.5m $31.5m 0.04% Added +2.3k +2,254
17 NORGES BANK 0.01% of their portfolio OSLO, Q8 279,370279.4k $30.5m $30.5m 0.01% Added +120.1k +120,066
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 266,078266.1k $29.0m $29.0m 0.01% Added +4.2k +4,198
19 KBC Group NV 0.13% of their portfolio Brussels, C9 239,747239.7k $26.1m $26.1m 0.13% Added +6.5k +6,477
20 Driehaus Capital Management LLC 0.34% of their portfolio Chicago, IL 210,642210.6k $23.0m $23.0m 0.34% New
21 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 191,637191.6k $20.9m $20.9m 0.05% Reduced -7.0k -7,019
22 Amundi 0.01% of their portfolio Paris, I0 188,764188.8k $21.4m $21.4m 0.01% Reduced -19.7k -19,704
23 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 183,201183.2k $20.0m $20.0m 0.02% Reduced -2.5k -2,517
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 169,077169.1k $18.4m $18.4m 0.01% Reduced -6.2k -6,187
25 MAIRS & POWER INC 0.22% of their portfolio St Paul, MN 168,108168.1k $18.3m $18.3m 0.22% Reduced -2.5k -2,486
26 Legal & General Group Plc 0.01% of their portfolio London, X0 166,034166.0k $18.1m $18.1m 0.01% Added +8.9k +8,894
27 Triodos Investment Management BV 2.37% of their portfolio DRIEBERGEN-RIJSENBURG, P7 165,000165.0k $18.0m $18.0m 2.37% Added +15.0k +15,000
28 STOREBRAND ASSET MANAGEMENT AS 0.10% of their portfolio LYSAKER, Q8 163,846163.8k $17.9m $17.9m 0.10% Reduced -15.3k -15,294
29 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 160,478160.5k $17.5m $17.5m 0.01% Added +602 +602
30 CONGRESS ASSET MANAGEMENT CO 0.17% of their portfolio BOSTON, MA 155,628155.6k $17.0m $17.0m 0.17% Added +150.6k +150,588
31 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.20% of their portfolio CHICAGO, IL 152,500152.5k $16.6m $16.6m 0.20% Reduced -15.0k -15,000
32 SEGALL BRYANT & HAMILL, LLC 0.17% of their portfolio CHICAGO, IL 139,763139.8k $15.2m $15.2m 0.17% Added +197 +197
33 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 136,414136.4k $14.9m $14.9m 0.01% Added +4.3k +4,295
34 Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio ZURICH, V8 116,993117.0k $12.8m $12.8m 0.07% Added +18.6k +18,606
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 115,532115.5k $12.6m $12.6m 0.00% Reduced -6.2k -6,171
36 Montanaro Asset Management Ltd 2.05% of their portfolio LONDON, X0 115,500115.5k $12.6m $12.6m 2.05% Reduced -40.5k -40,500
37 GABELLI FUNDS LLC 0.10% of their portfolio Rye, NY 115,200115.2k $12.6m $12.6m 0.10% Reduced -17.5k -17,500
38 ProShare Advisors LLC 0.04% of their portfolio BETHESDA, MD 110,279110.3k $12.0m $12.0m 0.04% Reduced -9.2k -9,221
39 GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio GREENWICH, CT 110,250110.2k $12.0m $12.0m 0.13% Reduced -7.2k -7,200
40 NATIXIS ADVISORS, LLC 0.04% of their portfolio Boston, MA 104,232104.2k $11.4m $11.4m 0.04% Added +1.4k +1,447
41 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 100,378100.4k $10.9m $10.9m 0.01% Added +90.1k +90,092
42 Rodgers Brothers Inc. 2.16% of their portfolio Harmony, PA 98,39698.4k $10.7m $10.7m 2.16% Reduced -1.1k -1,150
43 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 97,92497.9k $10.7m $10.7m 0.01% Added +582 +582
44 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 97,00097.0k $10.6m $10.6m 0.01% Reduced -5.3k -5,300
45 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 90,00090.0k $9.8m $9.8m 0.02% New
46 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 84,89284.9k $9.3m $9.3m 0.01% Added +18.7k +18,737
47 Man Group plc 0.03% of their portfolio LONDON, X0 83,44283.4k $9.1m $9.1m 0.03% Reduced -7.3k -7,335
48 Belpointe Asset Management LLC 0.55% of their portfolio RENO, NV 83,25283.3k $9.1m $9.1m 0.55% Added +1.1k +1,122
49 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 82,64782.6k $9.0m $9.0m 0.00% Added +6.3k +6,285
50 Swiss National Bank 0.01% of their portfolio ZURICH, V8 70,60070.6k $7.7m $7.7m 0.01% Added +1.2k +1,200
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 70,21570.2k $7.7m $7.7m 0.00% Reduced -5.4k -5,360
52 AXA S.A. 0.03% of their portfolio PARIS, I0 70,00070.0k $7.6m $7.6m 0.03% Reduced -112.6k -112,562
53 Wilmington Savings Fund Society, FSB 0.35% of their portfolio WILMINGTON, DE 69,67869.7k $7.6m $7.6m 0.35% Reduced -1.5k -1,539
54 First Personal Financial Services 2.04% of their portfolio CHARLOTTE, NC 69,19969.2k $7.5m $7.5m 2.04% Reduced -2.7k -2,736
55 Liontrust Investment Partners LLP 0.13% of their portfolio LONDON, X0 68,00068.0k $7.4m $7.4m 0.13% Reduced -12.0k -12,000
56 UBS Group AG 0.00% of their portfolio ZURICH, V8 62,12062.1k $6.8m $6.8m 0.00% Added +4.3k +4,286
57 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 53,24953.2k $5.8m $5.8m 0.05% Reduced -401 -401
58 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 52,15452.2k $5.7m $5.7m 0.00% Reduced -14.2k -14,250
59 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 52,12552.1k $5.7m $5.7m 0.01% Added +10.6k +10,628
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 48,59048.6k $5.3m $5.3m 0.00% Added +6.0k +5,978
61 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 46,19246.2k $5.0m $5.0m 0.00% Added +2.9k +2,878
62 ESSEX INVESTMENT MANAGEMENT CO LLC 0.66% of their portfolio BOSTON, MA 39,01639.0k $4.3m $4.3m 0.66% Reduced -423 -423
63 NORTHSTAR ASSET MANAGEMENT INC 1.39% of their portfolio Boston, MA 38,21938.2k $4.2m $4.2m 1.39% Added +91 +91
64 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 37,15037.1k $4.1m $4.1m 0.01% Added +408 +408
65 BI Asset Management Fondsmaeglerselskab A/S 0.11% of their portfolio KOBENHAVN, G7 37,03437.0k $4.0m $4.0m 0.11% Added +26.1k +26,140
66 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 36,22536.2k $3.9m $3.9m 0.02% Added +26.3k +26,258
67 CW Advisors, LLC 0.10% of their portfolio BOSTON, MA 35,32035.3k $3.9m $3.9m 0.10% Added +30.4k +30,362
68 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 34,97735.0k $3.8m $3.8m 0.01% Reduced -8 -8
69 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 34,62034.6k $3.8m $3.8m 0.00% Reduced -9.1k -9,138
70 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 33,46033.5k $3.6m $3.6m 0.01% Reduced -945 -945
71 Skandinaviska Enskilda Banken AB (publ) 0.03% of their portfolio STOCKHOLM, V7 32,50032.5k $3.5m $3.5m 0.03% Added +18.6k +18,600
72 Dorsey & Whitney Trust CO LLC 0.34% of their portfolio SIOUX FALLS, SD 32,22532.2k $3.5m $3.5m 0.34% Reduced -61 -61
73 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 31,75031.8k $3.5m $3.5m 0.01% Reduced -112 -112
74 Candriam S.C.A. 0.02% of their portfolio STRASSEN, N4 31,73231.7k $3.5m $3.5m 0.02% Reduced -21.0k -21,046
75 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio HARRISBURG, PA 31,32431.3k $3.4m $3.4m 0.03% Added +4.7k +4,656
76 Rathbones Group PLC 0.04% of their portfolio Liverpool, X0 31,30031.3k $3.4m $3.4m 0.04% Reduced -5.9k -5,920
77 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,51530.5k $3.3m $3.3m 0.00% Added +9.6k +9,621
78 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 30,02330.0k $3.3m $3.3m 0.01% Reduced -233 -233
79 Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio Boston, MA 29,40429.4k $3.2m $3.2m 0.02% Reduced -7.2k -7,159
80 Meiji Yasuda Asset Management Co Ltd. 0.15% of their portfolio Tokyo, M0 28,54328.5k $3.1m $3.1m 0.15% Added +8.4k +8,353
81 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 27,68627.7k $3.0m $3.0m 0.01% Unchanged
82 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 26,58926.6k $2.9m $2.9m 0.00% Added +13.9k +13,945
83 OLD SECOND NATIONAL BANK OF AURORA 0.83% of their portfolio AURORA, IL 25,76025.8k $2.8m $2.8m 0.83% Reduced -903 -903
84 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 25,51325.5k $2.8m $2.8m 0.00% Reduced -2.5k -2,478
85 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 24,63724.6k $2.7m $2.7m 0.02% Reduced -13.9k -13,851
86 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 24,28224.3k $2.6m $2.6m 0.00% Added +1.2k +1,151
87 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 24,08524.1k $2.6m $2.6m 0.06% Reduced -5.7k -5,746
88 FMR LLC 0.00% of their portfolio BOSTON, MA 23,37223.4k $2.5m $2.5m 0.00% Added +8.1k +8,102
89 LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 23,13123.1k $2.5m $2.5m 0.01% Added +2.6k +2,587
90 PATHSTONE FAMILY OFFICE, LLC 0.02% of their portfolio ENGLEWOOD, NJ 22,40422.4k $2.2m $2.2m 0.02% Added +2.4k +2,424
91 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 21,74121.7k $2.4m $2.4m 0.03% New
92 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 21,70021.7k $2.4m $2.4m 0.00% Added +900 +900
93 State of Alaska, Department of Revenue 0.03% of their portfolio JUNEAU, AK 20,38120.4k $2.2m $2.2m 0.03% Added +117 +117
94 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 20,18720.2k $2.2m $2.2m 0.01% Reduced -10.7k -10,712
95 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.45% of their portfolio DUBLIN 2, L2 20,01520.0k $2.2m $2.2m 0.45% Reduced -278 -278
96 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 19,94419.9k $2.2m $2.2m 0.01% Reduced -4.6k -4,554
97 Cardinal Capital Management 0.46% of their portfolio RALEIGH, NC 19,67919.7k $2.1m $2.1m 0.46% Added +145 +145
98 Johnson Financial Group, Inc. 0.17% of their portfolio RACINE, WI 19,63519.6k $2.1m $2.1m 0.17% Reduced -15 -15
99 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 19,48219.5k $2.1m $2.1m 0.02% Reduced -1.4k -1,433
100 Swiss Life Asset Management Ltd 0.04% of their portfolio Zurich, V8 19,31419.3k $2.1m $2.1m 0.04% Reduced -6.4k -6,386