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Badger Meter, Inc. · Industrials · Industrial - Machinery
Momentum inputs (comparable managers):
holder breadth +11.8% ·
share flow -0.3% ·
net new positions +10.5%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 115 | -6 | 21.90M | $3.25B | +5 | −10 |
| Q1 2026 | 123 | -5 | 21.97M | $3.34B | +5 | −11 |
| Q4 2025 | 127 | 0 | 24.18M | $4.22B | +1 | — |
| Q3 2025 | 19 | -2 | 14.73M | $2.63B | — | −3 |
| Q2 2025 | 19 | +2 | 12.84M | $3.14B | +2 | — |
| Q1 2025 | 14 | -1 | 3.67M | $699.13M | — | −1 |
| Q4 2024 | 15 | 0 | 3.60M | $765.14M | — | — |
| Q3 2024 | 14 | 0 | 1.94M | $423.34M | — | — |
| Q2 2024 | 14 | — | 2.00M | $372.34M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 5.24M | — | $1.28B | 0.0% | n/c | 1 | SEC ↗ |
| 18 | The Vanguard Group ✦ (passive) | 3.81M | — | $934.46M | 0.0% | n/c | 1 | SEC ↗ |
| 19 | The Vanguard Group ✦ (passive) | 3.81M | — | $934.46M | 0.0% | n/c | 1 | SEC ↗ |
| 20 | The Vanguard Group ✦ (passive) | 3.81M | — | $934.46M | 0.0% | n/c | 1 | SEC ↗ |
| 21 | The Vanguard Group ✦ (passive) | 3.81M | — | $934.46M | 0.0% | n/c | 1 | SEC ↗ |
| 22 | The Vanguard Group ✦ (passive) | 3.81M | — | $934.46M | 0.0% | n/c | 1 | SEC ↗ |
| 23 | State Street Global Advisors ✦ (passive) | 1.46M | +1.4% | $358.31M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 24 | Geode Capital Management ✦ (passive) | 876.52K | +2.3% | $215.46M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 25 | Geode Capital Management ✦ (passive) | 876.52K | +2.3% | $215.46M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 26 | Norges Bank ✦ (passive) | 341.08K | +2.3% | $83.55M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 27 | T. Rowe Price ✦ | 258.81K | +0.4% | $63.40M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 28 | T. Rowe Price ✦ | 258.81K | +0.4% | $63.40M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 29 | D. E. Shaw & Co. ✦ | 195.31K | +81.7% | $47.84M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 30 | D. E. Shaw & Co. ✦ | 195.31K | +81.7% | $47.84M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 31 | Renaissance Technologies ✦ | 166.80K | -9.2% | $40.86M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 32 | Fidelity (FMR) ✦ | 157.73K | — | $38.64M | 0.0% | n/c | 1 | SEC ↗ |
| 33 | Fidelity (FMR) ✦ | 157.73K | — | $38.64M | 0.0% | n/c | 1 | SEC ↗ |
| 34 | Arrowstreet Capital ✦ | 100.30K | -32.6% | $24.57M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 35 | GAMCO Investors ✦ | 93.83K | -0.4% | $22.98M | 0.2% | ▼ Trim | 5 | SEC ↗ |
| 36 | Capital World Investors ✦ | 53.30K | New | $13.06M | 0.0% | New | 1 | SEC ↗ |
| 37 | Millennium Management ✦ | 31.33K | -75.7% | $7.67M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 38 | AQR Capital Management ✦ | 20.23K | -42.4% | $4.96M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 39 | AQR Capital Management ✦ | 20.23K | -42.4% | $4.96M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 40 | AQR Capital Management ✦ | 20.23K | -42.4% | $4.96M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 41 | AQR Capital Management ✦ | 20.23K | -42.4% | $4.96M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 42 | AQR Capital Management ✦ | 20.23K | -42.4% | $4.96M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 43 | Wellington Management ✦ | 10.76K | -29.1% | $2.63M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 44 | Wellington Management ✦ | 10.76K | -29.1% | $2.63M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 45 | Wellington Management ✦ | 10.76K | -29.1% | $2.63M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 46 | Marshall Wace ✦ | 5.28K | -67.0% | $1.29M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 47 | Two Sigma Investments ✦ | 4.68K | New | $1.15M | 0.0% | New | 1 | SEC ↗ |
| 48 | Gotham Asset Management ✦ | 3.84K | -22.5% | $940,363 | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 49 | Citadel Advisors ✦ | 1.95K | -95.8% | $477,163 | 0.0% | ▼ Trim | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Capital World Investors | $13.06M | 0.0% |
| Two Sigma Investments | $1.15M | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 469 holders, 29.79M shares, $4.41B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.