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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
BlackRock
1
BlackRock
New York
$929M -$6.81M -34,625 -0.7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$707M +$28.6M +145,389 +4%
State Street
3
State Street
Massachusetts
$251M -$11.8M -59,822 -4%
Invesco
4
Invesco
Georgia
$173M +$33.1M +168,053 +21%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$156M -$728K -3,700 -0.4%
Morgan Stanley
6
Morgan Stanley
New York
$134M -$620K -3,153 -0.4%
Pictet Asset Management
7
Pictet Asset Management
Switzerland
$96.8M +$56.6M +287,508 +113%
JP Morgan Chase
8
JP Morgan Chase
New York
$89.9M +$30.1M +153,213 +44%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$82.7M -$2.36M -11,984 -3%
Amundi
10
Amundi
France
$72.2M +$39.4M +200,330 +99%
Goldman Sachs
11
Goldman Sachs
New York
$70M +$8.66M +44,022 +13%
UBS Group
12
UBS Group
Switzerland
$67.3M +$36.1M +183,755 +95%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$64.6M -$1.78M -9,029 -2%
BTW
14
Boston Trust Walden
Massachusetts
$58.9M +$19.7M +100,298 +44%
Northern Trust
15
Northern Trust
Illinois
$57.4M -$1.38M -6,992 -2%
Charles Schwab
16
Charles Schwab
California
$56.6M -$2.13M -10,837 -3%
Kayne Anderson Rudnick Investment Management
17
Kayne Anderson Rudnick Investment Management
California
$51.4M -$377K -1,919 -0.7%
First Trust Advisors
18
First Trust Advisors
Illinois
$46.7M +$12.2M +61,991 +31%
BAMCO Inc
19
BAMCO Inc
New York
$45.4M +$50M +254,423 New
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$43.9M -$2.52M -12,824 -5%
Mirae Asset Global ETFs Holdings
21
Mirae Asset Global ETFs Holdings
Hong Kong
$43.5M -$548K -2,787 -1%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$42.2M -$9.7M -49,307 -17%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$40.6M +$9.18M +46,692 +26%
BCM
24
Brown Capital Management
Maryland
$37.5M +$9.06M +46,066 +28%
Renaissance Technologies
25
Renaissance Technologies
New York
$35.2M +$5.98M +30,400 +18%
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.