Duff & Phelps Investment Management’s Badger Meter BMI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$6.57M	Sell	43,111 -8,827	-17%	-$1.39M	0.07%	108
2025 Q4	$9.06M	Sell	51,938 -1,123	-2%	-$202K	0.1%	100
2025 Q3	$9.48M	Sell	53,061 -502	-0.9%	-$98.7K	0.11%	104
2025 Q2	$13.1M	Hold	53,563	–	–	0.15%	98
2025 Q1	$10.2M	Sell	53,563 -2,033	-4%	-$424K	0.12%	100
2024 Q4	$11.8M	Sell	55,596 -6,657	-11%	-$1.45M	0.14%	101
2024 Q3	$13.6M	Sell	62,253 -4,701	-7%	-$942K	0.16%	98
2024 Q2	$12.5M	Sell	66,954 -23,546	-26%	-$4.3M	0.16%	104
2024 Q1	$14.6M	Hold	90,500	–	–	0.18%	110
2023 Q4	$14M	Hold	90,500	–	–	0.17%	106
2023 Q3	$13M	Sell	90,500 -10,000	-10%	-$1.58M	0.17%	106
2023 Q2	$14.8M	Sell	100,500 -42,000	-29%	-$5.78M	0.18%	101
2023 Q1	$17.4M	Sell	142,500 -10,000	-7%	-$1.17M	0.21%	97
2022 Q4	$16.6M	Sell	152,500 -15,000	-9%	-$1.63M	0.2%	103
2022 Q3	$15.5M	Buy	+167,500	New	+$15.5M	0.19%	103