Dark Forest Capital Management’s Badger Meter BMI Stock Holding History

Dark Forest Capital Management’s Portfolio BMI Stock Details BMI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.36M	Buy	8,901 +5,099	+134%	+$800K	0.12%	278
2025 Q4	$663K	Sell	3,802 -3,170	-45%	-$571K	0.03%	753
2025 Q3	$1.25M	Buy	+6,972	New	+$1.37M	0.05%	650
2025 Q2	–	Sell	-2,379	Closed	-$453K	–	1199
2025 Q1	$453K	Buy	2,379 +446	+23%	+$93.1K	0.02%	951
2024 Q4	$410K	Sell	1,933 -50	-3%	-$10.9K	0.06%	529
2024 Q3	$433K	Buy	+1,983	New	+$397K	0.06%	441
2023 Q4	–	Sell	-3,839	Closed	-$552K	–	532
2023 Q3	$552K	Sell	3,839 -1,401	-27%	-$221K	0.04%	667
2023 Q2	$773K	Buy	+5,240	New	+$721K	0.07%	413
2022 Q1	–	Sell	-58	Closed	-$6K	–	1303
2021 Q4	$6K	Buy	+58	New	+$6.11K	﹤0.01%	1084

Other funds holding BMI

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Dark Forest Capital Management's BMI Position: Q1 2026 in Review

Dark Forest Capital Management increased its Badger Meter (BMI) stake by 134% in Q1 2026, buying an estimated $800K and bringing the position to 8,901 shares worth $1.36M. The position accounts for 0.12% of the portfolio, ranked #278.

Dark Forest Capital Management first reported a position in BMI in Q4 2021 and has held it in 9 quarters since. 472 funds tracked by Wall St. Rank hold BMI as of Q1 2026.

Dark Forest Capital Management held 8,901 shares of Badger Meter worth $1.36M as of Q1 2026.
Dark Forest Capital Management bought 5,099 Badger Meter shares in Q1 2026, an estimated $800K.
Badger Meter made up 0.12% of Dark Forest Capital Management's portfolio in Q1 2026, its #278 holding.
Dark Forest Capital Management first reported a position in Badger Meter in Q4 2021 and has held it in 9 quarters since.
472 funds tracked by Wall St. Rank held Badger Meter as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.