Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Badger Meter Inc (BMI)

465 + Investors. Track Smart Money conviction in BMI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — BMI

Based on 469 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
469 funds currently hold this stock — 90% of the 3.0-year high of 524 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
20 fewer hedge funds hold BMI compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

249 buying235 selling
Last quarter: 249 funds bought or added vs 235 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~69 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 84 → 55 → 64 → 69. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 20% medium ■ 23% new
267 out of 469 hedge funds have held BMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~69 new funds/quarter

75 → 84 → 55 → 64 → 69 new funds/Q
New funds entering each quarter: 84 → 55 → 64 → 69. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 61% veterans vs 27% newcomers

■ 61% veterans ■ 12% 1-2yr ■ 27% new
Entry-cohort mix of 476 holders: 290 (61%) are 2+ year veterans, 57 entered 1–2 years ago, and 129 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
54 of 467 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BMI

In 2026 Q1, 249 hedge funds were net buyers of BMI (69 opened a new position, 180 added to an existing one), while 235 reduced or exited (154 trimmed, 81 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 37% of total institutional value in BMI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 469.

Hedge Fund Ownership: BMI

How many hedge funds hold BMI — quarterly history vs. share price
Quarterly hedge fund ownership of BMI vs. share price

Market Analysis: BMI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BMI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Badger Meter Inc (BMI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BMI has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
BMI
-11.5%
XLK
+44.8%

BMI outperformed XLK by -56.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
BMI
+18.4%
XLK
+9.1%

Since the filing became public, BMI outperformed XLK by +9.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

31 top-rated funds 0 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: BMI
465 + Investors

Track Smart Money conviction in BMI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 465 481 -3.33%
13F Shares 30M 30M 0.94%
Total Value $4.43B $5.09B -12.98%
New Positions 67 64 +3
Increased Positions 178 185 -7
Closed Positions 83 54 +29
Reduced Positions 151 167 -16
Total Calls 4 5 -20.0%
Total Puts 4 2 100.0%
PUT/CALL Ratio 1.0 0.4 Neutral

Statistics: BMI

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

465 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BMI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BMI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Dudley & Shanley, INC. 3.04% 122,150 $18.6M
2 Palisades Investment Partners, LLC 2.12% 35,562 $5.4M
3 LRT Capital Management, LLC 2.02% 14,203 $2.2M
4 Bridge City Capital, LLC 1.67% 39,554 $6.0M
5 Rodgers Brothers Inc. 1.57% 89,232 $13.6M
6 Brown Capital Management LLC 1.56% 72,119 $11.0M
7 American Capital Management Inc 1.52% 185,841 $28.3M
8 Farrow Financial, Inc. 1.43% 16,532 $2.5M
9 Regency Capital Management Inc.\DE 1.35% 19,818 $3.0M
10 Northstar Asset Management Inc 1.18% 25,252 $3.8M
11 Belpointe Asset Management LLC 1.00% 178,960 $27.3M
12 Sierra Legacy Group 0.82% 7,077 $1.1M
13 Triodos Investment Management BV 0.75% 65,000 $9.9M
14 Kiker Wealth Management, LLC 0.68% 9,287 $1.4M
15 Boston Trust Walden Corp 0.66% 530,169 $80.8M
16 Mitsubishi UFJ Asset Management (UK) Ltd. 0.63% 8,000 $1.2M
17 Plus Group Wealth Advisors LLC 0.62% 3,694 $563K
18 Values First Advisors, Inc. 0.57% 7,216 $1.1M
19 Granite Investment Partners, LLC 0.57% 61,060 $9.3M
20 Old Second National Bank of Aurora 0.54% 17,173 $2.6M
21 Alta Capital Management LLC/ 0.52% 44,418 $6.8M
22 Fundsmith Investment Services LTD. 0.46% 132,631 $20.2M
23 Robeco Schweiz AG 0.46% 141,393 $21.5M
24 EULAV Asset Management 0.44% 91,200 $13.9M
25 Df Dent & Co Inc 0.44% 150,869 $23.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Badger Meter Inc (BMI)

What does the Smart Money Trend signal show for BMI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BMI?

Slight buying edge — 51% buying: Last quarter: 249 funds bought or added vs 235 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BMI holders?

Strong quality — 37% AUM from major funds: 54 of 467 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BMI?

57% of holders stayed for 2+ years: 267 out of 469 hedge funds have held BMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Badger Meter Inc (BMI) following the 2026 Q1 hedge fund 13F filings?

As of today, BMI has moved +18.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +9.1% for the XLK sector ETF — an outperformance of +9.3%. Since the quarter end (March 31, 2026), BMI has gained -11.5% vs +44.8% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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