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Badger Meter
BMI

477 hedge funds and large institutions have $5.06B invested in Badger Meter in 2025 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 171 increasing their positions, 193 reducing their positions, and 101 closing their positions.

New
Increased
Maintained
Reduced
Closed

151% more call options, than puts

Call options by funds: $75.8M | Put options by funds: $30.2M

0.22% more ownership

Funds ownership: 96.03% → 96.25% (+0.22%)

11% less funds holding

Funds holding: 535 → 477 (-58)

11% less repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 193

27% less capital invested

Capital invested by funds: $6.92B → $5.06B (-$1.86B)

49% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 101

75% less funds holding in top 10

Funds holding in top 10: 4 → 1 (-3)

Holders
477
Holders Change
-58
Holders Change %
-10.84%
% of All Funds
6.26%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.01%
New
52
Increased
171
Reduced
193
Closed
101
Calls
$75.8M
Puts
$30.2M
Net Calls
+$45.6M
Net Calls Change
+$41.1M

Top Buyers

1
Pictet Asset Management
Pictet Asset Management
Switzerland
+$56.6M
2
BAMCO Inc
BAMCO Inc
New York
+$50M
3
Amundi
Amundi
France
+$39.4M
4
Marshall Wace
Marshall Wace
United Kingdom
+$36.7M
5
UBS Group
UBS Group
Switzerland
+$36.1M

Top Sellers

1
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$150M
2
CAM
Congress Asset Management
Massachusetts
-$62.7M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$43.7M
4
Bank of America
Bank of America
North Carolina
-$40.1M
5
BHC
Bowen Hanes & Co
Florida
-$33.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$34.3M +$36.7M +186,756 +3,540%
T. Rowe Price Investment Management
27
T. Rowe Price Investment Management
Maryland
$33.7M +$30.9M +156,914 +498%
BAM
28
Belpointe Asset Management
Nevada
$32M +$29.1K +148 +0.1%
Legal & General Group
29
Legal & General Group
United Kingdom
$31.9M +$4.76M +24,216 +16%
Millennium Management
30
Millennium Management
New York
$31.3M +$28.3M +144,051 +460%
Principal Financial Group
31
Principal Financial Group
Iowa
$29.5M +$1.23M +6,240 +4%
Qube Research & Technologies (QRT)
32
Qube Research & Technologies (QRT)
United Kingdom
$27M +$3.13M +15,891 +12%
Bessemer Group
33
Bessemer Group
New Jersey
$26M +$14.8M +75,415 +107%
Squarepoint
34
Squarepoint
New York
$25.7M +$8.34M +42,405 +42%
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$25.2M +$6.06M +30,788 +28%
Bank of America
36
Bank of America
North Carolina
$24.7M -$40.1M -203,731 -60%
DekaBank Deutsche Girozentrale
37
DekaBank Deutsche Girozentrale
Germany
$24M – – –
SAM
38
Storebrand Asset Management
Norway
$24M +$6.39M +32,466 +32%
Voloridge Investment Management
39
Voloridge Investment Management
Florida
$23.4M +$14.3M +72,695 +125%
N
40
Nuveen
North Carolina
$23.2M -$616K -3,132 -2%
DDC
41
DF Dent & Co
Maryland
$22.9M +$25.2M +127,963 New
Raymond James Financial
42
Raymond James Financial
Florida
$21.5M +$6.09M +30,945 +35%
Ameriprise
43
Ameriprise
Minnesota
$21.5M -$15.8M -80,575 -40%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$21.4M -$3.05M -15,505 -11%
Allianz Asset Management
45
Allianz Asset Management
Germany
$20.8M -$4.17M -21,180 -15%
Public Sector Pension Investment Board (PSP Investments)
46
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$20.5M +$2.86M +14,536 +14%
Aberdeen Group
47
Aberdeen Group
United Kingdom
$19.9M -$87.3K -444 -0.4%
Tudor Investment Corp
48
Tudor Investment Corp
Connecticut
$19.1M +$8.44M +42,891 +67%
Arrowstreet Capital
49
Arrowstreet Capital
Massachusetts
$19M +$1.18M +5,985 +6%
MPI
50
Mairs & Power Inc
Minnesota
$18.5M -$1.48M -7,518 -7%
1
2
3 4 5

BMI Hedge Fund Activity: Q3 2025 in Review

477 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Badger Meter (BMI) for Q3 2025, worth a combined $5.06B — down 27% from $6.92B a quarter earlier.

Sellers outnumbered buyers: 101 funds closed out of BMI and 52 opened new positions — a net loss of 49 holders — while 193 trimmed existing stakes and 171 added.

The largest buyer was Pictet Asset Management, adding an estimated $56.6M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $150M sold.

  • 477 institutional investors held Badger Meter (BMI) as of Q3 2025, down from 535 in Q2 2025.
  • Funds reported $5.06B of Badger Meter stock for Q3 2025, down 27% quarter-over-quarter.
  • 52 funds opened new Badger Meter positions in Q3 2025 and 101 closed out, a net change of -49 holders.
  • The largest Badger Meter buyer in Q3 2025 was Pictet Asset Management, an estimated $56.6M added.
  • The largest Badger Meter seller in Q3 2025 was Westfield Capital Management, an estimated $150M sold.

Based on aggregated 13F filings for Q3 2025.