Badger Meter, Inc.
US ˙ NYSE ˙ US0565251081

SecurityBMI / Badger Meter, Inc.
InstitutionSei Investments Co
Latest Disclosed Ownership13,336 shares
Latest Disclosed Value $ 2,325,876
Sei Investments Co reports 11.72% decrease in ownership of BMI / Badger Meter, Inc.

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 13,336 shares of Badger Meter, Inc. (US:BMI) valued at $2,325,932 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 15,107 shares of Badger Meter, Inc.. This represents a change in shares of -11.72% during the quarter. The current value of the position is $1,731,013 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)
2026-02-13 2025-12-31 13F BADGER METER COM 056525108 13,336 -1,771 -11.72 2,326 -13.83 0.0023
2025-11-13 2025-09-30 13F BADGER METER COM 056525108 15,107 -5,387 -26.29 2,698 -46.24 0.0029
2025-08-14 2025-06-30 13F BADGER METER COM 056525108 20,494 1,736 9.25 5,019 40.67 0.0058
2025-05-14 2025-03-31 13F/A-1 BADGER METER COM 056525108 18,758 531 2.91 3,568 -7.71 0.0046
2025-05-13 2025-03-31 13F BADGER METER COM 056525108 18,842 615 3,915 0.0043
2025-02-11 2024-12-31 13F BADGER METER COM 056525108 18,227 -6,188 -25.35 3,866 -27.51 0.0050
2024-11-12 2024-09-30 13F BADGER METER COM 056525108 24,415 -1,123 -4.40 5,333 12.06 0.0069
2024-08-13 2024-06-30 13F BADGER METER COM 056525108 25,538 -419 -1.61 4,759 13.31 0.0067
2024-05-07 2024-03-31 13F BADGER METER COM 056525108 25,957 -4,673 -15.26 4,201 -11.17 0.0062
2024-02-14 2023-12-31 13F BADGER METER COM 056525108 30,630 -8,109 -20.93 4,728 -15.16 0.0076
2023-11-14 2023-09-30 13F BADGER METER COM 056525108 38,739 5,942 18.12 5,574 15.17 0.0100
2023-08-11 2023-06-30 13F BADGER METER COM 056525108 32,797 3,786 13.05 4,840 36.93 0.0084
2023-05-12 2023-03-31 13F BADGER METER COM 056525108 29,011 13,506 87.11 3,534 109.11 0.0066
2023-02-10 2022-12-31 13F BADGER METER COM 056525108 15,505 490 3.26 1,691 21.76 0.0038
2022-11-14 2022-09-30 13F BADGER METER COM 056525108 15,015 -2,072 -12.13 1,388 0.43 0.0031
2022-08-15 2022-06-30 13F BADGER METER COM 056525108 17,087 17,087 1,382 0.0030
2022-02-14 2021-12-31 13F BADGER METER COM 056525108 0 -2,312 -100.00 0 -100.00
2021-11-12 2021-09-30 13F BADGER METER COM 056525108 2,312 -14 -0.60 272 11.93 0.0006
2021-08-06 2021-06-30 13F BADGER METER COM 056525108 2,326 2,326 243 0.0005
2021-05-12 2021-03-31 13F BADGER METER COM 056525108 0 -2,198 -100.00 0 -100.00
2021-02-08 2020-12-31 13F BADGER METER COM 056525108 2,198 2,198 203 0.0005
2019-08-14 2019-06-30 13F BADGER METER COM 056525108 0 -99,197 -100.00 0 -100.00
2019-05-15 2019-03-31 13F BADGER METER COM 056525108 99,197 99,197 5,519 0.0185
2018-11-08 2018-09-30 13F BADGER METER COM 056525108 0 -62 -100.00 0 -100.00
2018-08-03 2018-06-30 13F BADGER METER COM 056525108 62 -2 -3.12 3 0.00 0.0000
2018-05-11 2018-03-31 13F BADGER METER COM 056525108 64 -77 -54.61 3 -91.18 0.0000
2018-02-08 2017-12-31 13F BADGER METER COM 056525108 141 -16,117 -99.13 34 -83.25 0.0001
2017-11-06 2017-09-30 13F BADGER METER COM 056525108 16,258 16,204 30,007.41 203 10,050.00 0.0007
2017-07-31 2017-06-30 13F BADGER METER COM 056525108 54 38 237.50 2 100.00 0.0000
2017-05-05 2017-03-31 13F BADGER METER COM 056525108 16 -83 -83.84 1 0.00 0.0000
2017-02-02 2016-12-31 13F BADGER METER COM 056525108 99 83 518.75 1 0.00 0.0000
2016-11-04 2016-09-30 13F BADGER METER COM 056525108 16 -133 -89.26 1 -90.91 0.0000
2016-08-11 2016-06-30 13F BADGER METER COM 056525108 149 149 831.25 11 1,000.00 0.0001
2016-05-10 2016-03-31 13F/A-1 BADGER METER COM 056525108 0 0 0 0.0000
2016-02-03 2015-12-31 13F BADGER METER COM 056525108 0 -530 -100.00 0 -100.00
2015-11-02 2015-09-30 13F/A-1 BADGER METER COM 056525108 530 530 31 0.0003
2015-10-30 2015-09-30 13F BADGER METER COM 056525108 530 32
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.