Ranked by reported Q2 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. | 4.9M | $725.9M | -1.2% | 16.878% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.5M | $371.7M | +2.2% | 8.641% | 0.02% |
| 3 | STATE STREET CORP | 1.7M | $245.0M | +8.3% | 5.697% | 0.00% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.3M | $195.5M | +1.2% | 4.545% | 0.00% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 1.0M | $149.6M | +7.4% | 3.479% | 0.01% |
| 6 | Impax Asset Management Group plc | 946K | $140.3M | — | 3.263% | 0.91% |
| 7 | FIRST TRUST ADVISORS LP | 772K | $114.5M | +37.8% | 2.663% | 0.07% |
| 8 | MORGAN STANLEY | 740K | $109.8M | +11.6% | 2.552% | 0.01% |
| 9 | Boston Trust Walden Corp | 729K | $108.2M | +37.5% | 2.515% | 0.82% |
| 10 | UBS Group AG | 629K | $93.4M | -26.7% | 2.171% | 0.01% |
| 11 | Amundi | 590K | $87.6M | +28.5% | 2.036% | 0.02% |
| 12 | Pictet Asset Management Holding SA | 574K | $85.2M | +45.7% | 1.982% | 0.08% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 517K | $76.8M | -4.2% | 1.785% | 0.01% |
| 14 | Invesco Ltd. | 505K | $75.0M | -35.0% | 1.743% | 0.01% |
| 15 | Neuberger Berman Group LLC | 500K | $74.1M | +44.1% | 1.723% | 0.02% |
| 16 | BANK OF AMERICA CORP /DE/ | 461K | $68.3M | +57.3% | 1.589% | 0.00% |
| 17 | JPMORGAN CHASE & CO | 435K | $60.5M | -8.6% | 1.500% | 0.00% |
| 18 | NORTHERN TRUST CORP | 380K | $56.4M | +14.3% | 1.311% | 0.01% |
| 19 | NORGES BANK | 374K | $55.5M | — | 1.291% | 0.01% |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 335K | $49.8M | +5.0% | 1.157% | 0.01% |
| 21 | MARSHALL WACE, LLP | 312K | $46.3M | -38.4% | 1.077% | 0.04% |
| 22 | GOLDMAN SACHS GROUP INC | 312K | $46.3M | -32.9% | 1.076% | 0.00% |
| 23 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 281K | $41.6M | +6.4% | 0.968% | 0.05% |
| 24 | AMERICAN CAPITAL MANAGEMENT INC | 258K | $38.3M | +39.0% | 0.891% | 1.72% |
| 25 | FUNDSMITH INVESTMENT SERVICES LTD. | 251K | $37.3M | +89.4% | 0.867% | 0.82% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BMI — a direct measure of their conviction.
Filings activity in BMI during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 483 | +1.9% | 112.47% | +8.18 pp | $4.67B | +4.3% |
| Q1 2026 | 474 | 1.5% | 104.29% | +2.50 pp | $4.48B | 9.4% |
| Q4 2025 | 481 | +2.3% | 101.79% | +3.13 pp | $4.94B | +0.6% |
| Q3 2025 | 470 | 10% | 98.66% | +2.43 pp | $4.91B | 25% |
| Q2 2025 | 524 | +8.5% | 96.23% | +1.13 pp | $6.52B | +30% |
| Q1 2025 | 483 | +0.8% | 95.10% | +2.68 pp | $5.02B | 7.4% |
| Q4 2024 | 479 | +3.5% | 92.42% | +3.96 pp | $5.42B | +1.9% |
| Q3 2024 | 463 | — | 88.46% | — | $5.32B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as a key fundamental indicator 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 Q2 2026 13F filings, institutional ownership of Badger Meter, Inc. stands at 112.5%, held across 483 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of BMI, with approximately 4,892,342 shares worth $0.73B as of Q2 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 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
76 institutions opened new positions in BMI during Q2 2026, while 69 fully exited. 150 added to existing positions and 245 trimmed.
BMI institutional ownership rose by 8.18 percentage points quarter-over-quarter, with a net change of +9 holders.
The top 10 institutions account for 48.3% of all reported 13F value in BMI, and the top 25 account for 67.6%.
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