Badger Meter, Inc.
US ˙ NYSE ˙ US0565251081

SecurityBMI / Badger Meter, Inc.
InstitutionCitigroup Inc
Latest Disclosed Ownership27,973 shares
Latest Disclosed Value $ 4,261,687
Citigroup Inc reports 233.45% increase in ownership of BMI / Badger Meter, Inc.

On May 11, 2026 - Citigroup Inc filed a 13F-HR form disclosing ownership of 27,973 shares of Badger Meter, Inc. (US:BMI) valued at $4,261,687 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 8,389 shares of Badger Meter, Inc.. This represents a change in shares of 233.45% during the quarter. The current value of the position is $3,630,895 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F BADGER METER COM 056525108 27,973 19,584 233.45 4,262 191.25 0.0009
2026-02-13 2025-12-31 13F BADGER METER COM 056525108 8,389 -3,068 -26.78 1,463 -28.46 0.0006
2025-11-10 2025-09-30 13F BADGER METER COM 056525108 11,457 -16,618 -59.19 2,046 -70.26 0.0009
2025-08-11 2025-06-30 13F BADGER METER COM 056525108 28,075 -17,403 -38.27 6,877 -20.53 0.0034
2025-05-12 2025-03-31 13F BADGER METER COM 056525108 45,478 3,596 8.59 8,652 -2.61 0.0044
2025-02-12 2024-12-31 13F BADGER METER COM 056525108 41,882 3,906 10.29 8,884 7.11 0.0053
2024-11-12 2024-09-30 13F BADGER METER COM 056525108 37,976 15,240 67.03 8,294 95.80 0.0048
2024-08-12 2024-06-30 13F BADGER METER COM 056525108 22,736 1,870 8.96 4,237 25.47 0.0027
2024-05-10 2024-03-31 13F BADGER METER COM 056525108 20,866 1,792 9.39 3,376 14.67 0.0022
2024-02-09 2023-12-31 13F BADGER METER COM 056525108 19,074 5,844 44.17 2,944 54.70 0.0021
2023-12-06 2023-09-30 13F/A-1 BADGER METER COM 056525108 13,230 -13,585 -50.66 1,903 -51.90 0.0014
2023-11-09 2023-09-30 13F BADGER METER COM 056525108 13,230 -13,585 1,903 0.0014
2023-08-10 2023-06-30 13F BADGER METER COM 056525108 26,815 7,956 42.19 3,957 72.22 0.0026
2023-05-11 2023-03-31 13F BADGER METER COM 056525108 18,859 -5,423 -22.33 2,297 -13.22 0.0016
2023-02-09 2022-12-31 13F BADGER METER COM 056525108 24,282 1,151 4.98 2,647 23.87 0.0021
2022-11-10 2022-09-30 13F BADGER METER COM 056525108 23,131 5,824 33.65 2,137 52.64 0.0015
2022-08-10 2022-06-30 13F BADGER METER COM 056525108 17,307 -12,101 -41.15 1,400 -52.27 0.0010
2022-05-12 2022-03-31 13F BADGER METER COM 056525108 29,408 1,685 6.08 2,933 -0.71 0.0018
2022-02-10 2021-12-31 13F BADGER METER COM 056525108 27,723 7,271 35.55 2,954 42.77 0.0016
2021-11-10 2021-09-30 13F BADGER METER COM 056525108 20,452 -4,745 -18.83 2,069 -16.30 0.0012
2021-08-10 2021-06-30 13F BADGER METER COM 056525108 25,197 13,714 119.43 2,472 131.46 0.0015
2021-05-13 2021-03-31 13F BADGER METER COM 056525108 11,483 -4,966 -30.19 1,068 -30.96 0.0007
2021-02-11 2020-12-31 13F BADGER METER COM 056525108 16,449 6,489 65.15 1,547 137.63 0.0009
2020-11-12 2020-09-30 13F BADGER METER COM 056525108 9,960 -19,097 -65.72 651 -64.39 0.0004
2020-08-12 2020-06-30 13F BADGER METER COM 056525108 29,057 11,776 68.14 1,828 97.41 0.0014
2020-05-12 2020-03-31 13F BADGER METER COM 056525108 17,281 3,019 21.17 926 0.00 0.0008
2020-02-12 2019-12-31 13F BADGER METER COM 056525108 14,262 -7,533 -34.56 926 -20.85 0.0007
2019-11-08 2019-09-30 13F BADGER METER COM 056525108 21,795 12,198 127.10 1,170 104.19 0.0009
2019-08-12 2019-06-30 13F BADGER METER COM 056525108 9,597 -8,267 -46.28 573 -42.35 0.0005
2019-05-13 2019-03-31 13F BADGER METER COM 056525108 17,864 9,829 122.33 994 151.65 0.0010
2019-02-12 2018-12-31 13F BADGER METER COM 056525108 8,035 -9,931 -55.28 395 -58.46 0.0004
2018-11-13 2018-09-30 13F BADGER METER COM 056525108 17,966 12,980 260.33 951 326.46 0.0008
2018-08-10 2018-06-30 13F BADGER METER COM 056525108 4,986 -2,117 -29.80 223 -33.43 0.0002
2018-05-11 2018-03-31 13F BADGER METER COM 056525108 7,103 1,053 17.40 335 15.52 0.0003
2018-02-12 2017-12-31 13F BADGER METER COM 056525108 6,050 -10,736 -63.96 290 -64.76 0.0002
2017-11-13 2017-09-30 13F BADGER METER COM 056525108 16,786 -7,479 -30.82 823 -14.89 0.0007
2017-08-11 2017-06-30 13F BADGER METER COM 056525108 24,265 -1,913 -7.31 967 0.52 0.0009
2017-05-12 2017-03-31 13F BADGER METER COM 056525108 26,178 -26,941 -50.72 962 -50.99 0.0009
2017-02-10 2016-12-31 13F BADGER METER COM 056525108 53,119 29,958 129.35 1,963 152.96 0.0018
2016-11-10 2016-09-30 13F BADGER METER COM 056525108 23,161 19,525 536.99 776 191.73 0.0007
2016-08-12 2016-06-30 13F BADGER METER COM 056525108 3,636 -6,580 -64.41 266 -60.88 0.0003
2016-05-13 2016-03-31 13F BADGER METER COM 056525108 10,216 7,437 267.61 680 317.18 0.0008
2016-02-12 2015-12-31 13F BADGER METER COM 056525108 2,779 -956 -25.60 163 -24.88 0.0002
2015-11-13 2015-09-30 13F BADGER METER COM 056525108 3,735 3,521 1,645.33 217 1,450.00 0.0002
2015-08-13 2015-06-30 13F BADGER METER COM 056525108 214 -1,094 -83.64 14 -82.28 0.0000
2015-05-14 2015-03-31 13F BADGER METER COM 056525108 1,308 -4,569 -77.74 79 -77.36 0.0001
2015-02-17 2014-12-31 13F BADGER METER COM 056525108 5,877 4,385 293.90 349 365.33 0.0003
2014-11-14 2014-09-30 13F BADGER METER COM 056525108 1,492 297 24.85 75 19.05 0.0001
2014-08-14 2014-06-30 13F BADGER METER COM 056525108 1,195 -2,964 -71.27 63 -72.49 0.0001
2014-05-15 2014-03-31 13F BADGER METER COM 056525108 4,159 -676 -13.98 229 -13.26 0.0002
2014-02-14 2013-12-31 13F BADGER METER COM 056525108 4,835 4,453 1,165.71 264 1,366.67 0.0002
2013-11-14 2013-09-30 13F BADGER METER COM 056525108 382 244 176.81 18 157.14 0.0000
2013-08-14 2013-06-30 13F BADGER METER COM 056525108 138 138 7 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.