Norges Bank’s Badger Meter BMI Stock Holding History

Norges Bank’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	–	Sell	-480,588	Closed	-$83.8M	–	198
2025 Q4	$83.8M	Buy	+480,588	New	+$86.5M	0.01%	828
2025 Q3	–	Sell	-341,082	Closed	-$83.5M	–	224
2025 Q2	$83.5M	Buy	341,082 +7,814	+2%	+$1.77M	0.01%	772
2025 Q1	$63.4M	Sell	333,268 -112,455	-25%	-$23.5M	0.01%	846
2024 Q4	$94.5M	Buy	445,723 +8,225	+2%	+$1.79M	0.01%	716
2024 Q3	$95.6M	Buy	437,498 +104,949	+32%	+$21M	0.01%	691
2024 Q2	$62M	Buy	332,549 +8,783	+3%	+$1.6M	0.01%	819
2024 Q1	$52.4M	Buy	323,766 +16,977	+6%	+$2.61M	0.01%	924
2023 Q4	$47.4M	Buy	306,789 +8,569	+3%	+$1.25M	0.01%	928
2023 Q3	$42.9M	Hold	298,220	–	–	0.01%	910
2023 Q2	$44M	Buy	298,220 +6,581	+2%	+$906K	0.01%	922
2023 Q1	$35.5M	Buy	291,639 +12,269	+4%	+$1.43M	0.01%	1004
2022 Q4	$30.5M	Buy	279,370 +120,066	+75%	+$13M	0.01%	1067
2022 Q3	$14.7M	Sell	159,304 -98,300	-38%	-$9.12M	﹤0.01%	1366
2022 Q2	$20.8M	Buy	257,604 +13,729	+6%	+$1.13M	0.01%	1216
2022 Q1	$24.3M	Buy	243,875 +4,165	+2%	+$408K	0.01%	1291
2021 Q4	$25.5M	Buy	239,710 +23,000	+11%	+$2.42M	0.01%	1338
2021 Q3	$21.9M	Sell	216,710 -30,235	-12%	-$3.09M	﹤0.01%	1430
2021 Q2	$24.2M	Sell	246,945 -8,010	-3%	-$757K	0.01%	1417
2021 Q1	$23.7M	Sell	254,955 -86,172	-25%	-$8.68M	0.01%	1439
2020 Q4	$32.1M	Hold	341,127	–	–	0.01%	1271
2020 Q3	$22.3M	Sell	341,127 -236,875	-41%	-$15.1M	0.01%	1351
2020 Q2	$36.4M	Hold	578,002	–	–	0.01%	1058
2020 Q1	$31M	Sell	578,002 -9,206	-2%	-$561K	0.01%	963
2019 Q4	$38.1M	Hold	587,208	–	–	0.01%	1090
2019 Q3	$31.5M	Buy	587,208 +148,730	+34%	+$8.02M	0.01%	1169
2019 Q2	$26.2M	Buy	438,478 +17,304	+4%	+$959K	0.01%	1328
2019 Q1	$23.4M	Buy	421,174 +19,474	+5%	+$1.08M	0.01%	1395
2018 Q4	$19.8M	Hold	401,700	–	–	0.01%	1409
2018 Q3	$21.3M	Sell	401,700 -110,597	-22%	-$5.75M	0.01%	1486
2018 Q2	$22.9M	Sell	512,297 -5,007	-1%	-$222K	0.01%	1420
2018 Q1	$24.4M	Sell	517,304 -2,200	-0.4%	-$106K	0.01%	1302
2017 Q4	$24.8M	Buy	519,504 +153,244	+42%	+$7.1M	0.01%	1328
2017 Q3	$17.9M	Buy	366,260 +283,580	+343%	+$12.6M	0.01%	1513
2017 Q2	$3.29M	Sell	82,680 -45,848	-36%	-$1.78M	﹤0.01%	1941
2017 Q1	$4.72M	Buy	128,528 +20,430	+19%	+$751K	﹤0.01%	1889
2016 Q4	$3.99M	Sell	108,098 -64,364	-37%	-$2.25M	﹤0.01%	1901
2016 Q3	$5.52M	Hold	172,462	–	–	﹤0.01%	1858
2016 Q2	$6.3M	Sell	172,462 -30,000	-15%	-$1.07M	﹤0.01%	1803
2016 Q1	$6.73M	Sell	202,462 -15,600	-7%	-$482K	﹤0.01%	1733
2015 Q4	$6.39M	Hold	218,062	–	–	﹤0.01%	1804
2015 Q3	$6.33M	Sell	218,062 -13,098	-6%	-$388K	﹤0.01%	1780
2015 Q2	$7.34M	Hold	231,160	–	–	﹤0.01%	1775
2015 Q1	$6.93M	Sell	231,160 -20,902	-8%	-$610K	﹤0.01%	1801
2014 Q4	$7.48M	Hold	252,062	–	–	﹤0.01%	1772
2014 Q3	$6.36M	Sell	252,062 -252,062	-50%	-$6.47M	﹤0.01%	1829
2014 Q2	$13.3M	Buy	504,124 +252,062	+100%	+$6.45M	﹤0.01%	1833
2014 Q1	$6.95M	Hold	252,062	–	–	﹤0.01%	1763
2013 Q4	$6.87M	Hold	252,062	–	–	﹤0.01%	1774
2013 Q3	$5.86M	Hold	252,062	–	–	﹤0.01%	1837
2013 Q2	$5.61M	Buy	+252,062	New	+$5.77M	﹤0.01%	1790

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

Norges Bank's BMI Position: Q1 2026 in Review

Norges Bank sold out of Badger Meter (BMI) in Q1 2026, closing a stake of 480,588 shares — an estimated $83.8M sold.

Norges Bank first reported a position in BMI in Q2 2013 and held it in 50 quarters. The position peaked at $95.6M in Q3 2024. 473 funds tracked by Wall St. Rank hold BMI as of Q1 2026.

Norges Bank reported no remaining Badger Meter position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 480,588 Badger Meter shares in Q1 2026, an estimated $83.8M.
Norges Bank first reported a position in Badger Meter in Q2 2013 and held it in 50 quarters.
Norges Bank's Badger Meter position peaked at $95.6M in Q3 2024.
473 funds tracked by Wall St. Rank held Badger Meter as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.