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 Q2	$1.59M	Buy	10,701 +1,800	+20%	+$236K	0.1%	355
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 $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Impax Asset Management Group London, United Kingdom $15.4B AUM 26.43% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $170B AUM 46.21% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

BTW

Boston Trust Walden Boston, Massachusetts $13.1B AUM 24.63% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Dark Forest Capital Management's BMI Position: Q2 2026 in Review

Dark Forest Capital Management increased its Badger Meter (BMI) stake by 20% in Q2 2026, buying an estimated $236K and bringing the position to 10,701 shares worth $1.59M. The position accounts for 0.1% of the portfolio, ranked #355.

Dark Forest Capital Management first reported a position in BMI in Q4 2021 and has held it in 10 quarters since. 480 funds tracked by Wall St. Rank hold BMI as of Q2 2026.

Dark Forest Capital Management held 10,701 shares of Badger Meter worth $1.59M as of Q2 2026.
Dark Forest Capital Management bought 1,800 Badger Meter shares in Q2 2026, an estimated $236K.
Badger Meter made up 0.1% of Dark Forest Capital Management's portfolio in Q2 2026, its #355 holding.
Dark Forest Capital Management first reported a position in Badger Meter in Q4 2021 and has held it in 10 quarters since.
480 funds tracked by Wall St. Rank held Badger Meter as of Q2 2026.

Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.