Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BMI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.0M | $754.4M | -3.5% | 16.803% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.5M | $373.5M | β | 8.319% | 0.02% |
| 3 | STATE STREET CORP | 1.5M | $232.3M | +4.5% | 5.175% | 0.01% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.3M | $198.3M | β | 4.417% | 0.00% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 939K | $143.1M | +7.1% | 3.186% | 0.01% |
| 6 | UBS Group AG | 858K | $130.7M | +20.4% | 2.912% | 0.02% |
| 7 | Invesco Ltd. | 778K | $118.5M | +1.5% | 2.640% | 0.02% |
| 8 | MORGAN STANLEY | 663K | $101.0M | -8.0% | 2.250% | 0.01% |
| 9 | FIRST TRUST ADVISORS LP | 560K | $85.4M | +54.8% | 1.901% | 0.06% |
| 10 | DIMENSIONAL FUND ADVISORS LP | 540K | $82.3M | +5.8% | 1.833% | 0.02% |
| 11 | Boston Trust Walden Corp | 530K | $80.8M | +4.4% | 1.799% | 0.66% |
| 12 | MARSHALL WACE, LLP | 507K | $77.2M | +80.9% | 1.719% | 0.08% |
| 13 | GOLDMAN SACHS GROUP INC | 465K | $70.8M | +16.2% | 1.577% | 0.01% |
| 14 | Amundi | 459K | $70.0M | +10.9% | 1.558% | 0.02% |
| 15 | Pictet Asset Management Holding SA | 394K | $60.1M | -47.7% | 1.338% | 0.06% |
| 16 | Neuberger Berman Group LLC | 347K | $52.8M | +1.6% | 1.176% | 0.04% |
| 17 | NORTHERN TRUST CORP | 332K | $50.7M | +9.2% | 1.128% | 0.01% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 320K | $48.7M | +1.0% | 1.084% | 0.01% |
| 19 | BAMCO INC /NY/ | 312K | $47.6M | +4.1% | 1.059% | 0.14% |
| 20 | BANK OF AMERICA CORP /DE/ | 293K | $44.6M | +133.5% | 0.994% | 0.00% |
| 21 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 270K | $41.1M | -3.9% | 0.915% | 0.12% |
| 22 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 264K | $40.2M | +6.2% | 0.895% | 0.05% |
| 23 | Rockefeller Capital Management L.P. | 262K | $39.9M | +23.3% | 0.888% | 0.07% |
| 24 | FRANKLIN RESOURCES INC | 221K | $33.7M | +23.7% | 0.751% | 0.01% |
| 25 | VANGUARD FIDUCIARY TRUST CO | 206K | $31.4M | β | 0.698% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in BMI β a direct measure of their conviction.
Filings activity in BMI during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new BMI position in Q1 2026
Institutions that fully closed their BMI position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 463 | 3.7% | 113.19% | 14.01 pp | $4.39B | 11% |
| Q4 2025 | 481 | +2.8% | 127.20% | +2.03 pp | $4.94B | +1.6% |
| Q3 2025 | 468 | 11% | 125.17% | 42.85 pp | $4.86B | 26% |
| Q2 2025 | 524 | +8.5% | 168.02% | +38.68 pp | $6.52B | +30% |
| Q1 2025 | 483 | +0.8% | 129.34% | 10.36 pp | $5.02B | 7.4% |
| Q4 2024 | 479 | +3.5% | 139.70% | +2.62 pp | $5.42B | +1.9% |
| Q3 2024 | 463 | +6.2% | 137.08% | +18.16 pp | $5.32B | +15% |
| Q2 2024 | 436 | β | 118.92% | β | $4.62B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Apr 23, 2026 | Wrocklage Robert | Buy | 1K | $122.35 | $122K |
| Apr 21, 2026 | Htwe Richard | Buy | 2K | $116.13 | $197K |
| Apr 21, 2026 | Bockhorst Kenneth | Buy | 2K | $117.53 | $259K |
| Apr 21, 2026 | Callahan Edward F. | Buy | 858 | $116.30 | $100K |
| Apr 21, 2026 | Tarantino Christina M. | Buy | 870 | $113.80 | $99K |
Quick answers to the most common questions about buying BMI stock.
Based on Q1 2026 13F filings, institutional ownership of Badger Meter, Inc. stands at 113.2%, held across 463 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of BMI, with approximately 4,951,882 shares worth $0.75B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of BMI.
Our composite Smart Money Score for BMI is 21 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
72 institutions opened new positions in BMI during Q1 2026, while 90 fully exited. 95 added to existing positions and 294 trimmed.
BMI institutional ownership fell by 14.01 percentage points quarter-over-quarter, with a net change of -18 holders.
The top 10 institutions account for 50.5% of all reported 13F value in BMI, and the top 25 account for 68.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Badger Meter, Inc. (BMI) Institutional Ownership