Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Badger Meter Inc (BMI)

473 + 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
↑ +5
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — BMI

Based on 477 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
477 funds currently hold this stock — 91% of the 3.0-year high of 525 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 9% fewer funds vs a year ago

fund count last 6Q
48 fewer hedge funds hold BMI compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

256 buying237 selling
Last quarter: 256 funds bought or added vs 237 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.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new BMI position: 55 → 64 → 70 → 85. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 24% new
263 out of 477 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.
📈

Growing discovery — still being found

85 → 55 → 64 → 70 → 85 new funds/Q
New funds entering each quarter: 55 → 64 → 70 → 85. A growing number of institutions are discovering BMI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 29% newcomers

■ 57% veterans ■ 14% 1-2yr ■ 29% new
Entry-cohort mix of 481 holders: 274 (57%) are 2+ year veterans, 68 entered 1–2 years ago, and 139 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
54 of 473 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 Q2, 256 hedge funds were net buyers of BMI (85 opened a new position, 171 added to an existing one), while 237 reduced or exited (157 trimmed, 80 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 53% of total institutional value in BMI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 477.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: BMI
473 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 473 472 0.21%
13F Shares 33M 30M 8.43%
Total Value $4.68B $4.49B 4.26%
New Positions 85 70 +15
Increased Positions 168 180 -12
Closed Positions 80 80 -
Reduced Positions 156 153 +3
Total Calls 4 4 -
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 1.0 Neutral

Statistics: BMI

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Enterprise Value/EBITDA --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

473 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Daventry Group, LP 8.98% 80,200 $11.9M
2 Norwood Investment Partners, LP 4.71% 23,000 $3.4M
3 Sandhill Capital Partners LLC 2.43% 201,632 $29.9M
4 Rodgers Brothers Inc. 2.24% 155,230 $23.0M
5 Brown Capital Management LLC 1.85% 62,218 $9.2M
6 American Capital Management Inc 1.72% 258,243 $38.3M
7 Farrow Financial, Inc. 1.51% 19,072 $2.8M
8 Dudley & Shanley, INC. 1.41% 63,000 $9.3M
9 Sierra Legacy Group 1.25% 10,843 $1.6M
10 Wills Financial Group LLC 1.10% 20,301 $3.0M
11 Northstar Asset Management Inc 1.06% 24,331 $3.6M
12 Grandeur Peak Global Advisors, LLC 1.01% 29,334 $4.4M
13 Impax Asset Management Group plc 0.91% 945,694 $140.3M
14 Bridge City Capital, LLC 0.87% 25,694 $3.8M
15 Belpointe Asset Management LLC 0.87% 178,964 $26.6M
16 Fundsmith Investment Services LTD. 0.82% 251,196 $37.3M
17 Boston Trust Walden Corp 0.82% 728,961 $108.2M
18 Granite Investment Partners, LLC 0.70% 91,485 $13.6M
19 Triodos Investment Management BV 0.68% 75,000 $11.1M
20 Needham Investment Management LLC 0.65% 145,000 $21.5M
21 Copeland Capital Management, LLC 0.58% 190,906 $28.3M
22 Essex Investment Management Co LLC 0.55% 28,041 $4.2M
23 Old Second National Bank of Aurora 0.52% 18,585 $2.8M
24 Plus Group Wealth Advisors LLC 0.52% 3,694 $548K
25 Kiker Wealth Management, LLC 0.51% 8,809 $1.3M
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BMI?

Slight buying edge — 52% buying: Last quarter: 256 funds bought or added vs 237 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?

Elite ownership — 53% AUM from top-100 funds: 54 of 473 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BMI?

55% of holders stayed for 2+ years: 263 out of 477 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.

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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