Badger Meter, Inc.
US ˙ NYSE ˙ US0565251081

SecurityBMI / Badger Meter, Inc.
InstitutionAxa S.a.
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Axa S.a. closes position in BMI / Badger Meter, Inc.

On November 14, 2025 - Axa S.a. filed a 13F-HR form disclosing ownership of 0 shares of Badger Meter, Inc. (US:BMI) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 16,090 shares of Badger Meter, Inc.. The current value of the position is $0 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)
2025-11-14 2025-09-30 13F BADGER METER COM 056525108 0 -100.00 0
2025-08-14 2025-06-30 13F BADGER METER COM 056525108 16,090 -15,062 -48.35 3,941 -33.50 0.0113
2025-05-15 2025-03-31 13F BADGER METER COM 056525108 31,152 -26,969 -46.40 5,927 -51.93 0.0195
2025-02-14 2024-12-31 13F BADGER METER COM 056525108 58,121 572 0.99 12,329 -1.92 0.0375
2024-11-14 2024-09-30 13F BADGER METER COM 056525108 57,549 -3,937 -6.40 12,569 9.71 0.0372
2025-02-25 2024-06-30 13F/A-1 BADGER METER COM 056525108 61,486 0 0.00 11,458 15.16 0.0341
2024-08-14 2024-06-30 13F BADGER METER COM 056525108 61,486 0 11,458 0.0341
2024-05-15 2024-03-31 13F BADGER METER COM 056525108 61,486 1,237 2.05 9,949 6.98 0.0298
2024-07-16 2023-12-31 13F/A-1 BADGER METER COM 056525108 60,249 -951 -1.55 9,301 5.63 0.0300
2024-02-14 2023-12-31 13F BADGER METER COM 056525108 60,249 -951 9,301 0.0182
2023-11-14 2023-09-30 13F BADGER METER COM 056525108 61,200 11,200 22.40 8,805 19.33 0.0309
2023-08-14 2023-06-30 13F BADGER METER COM 056525108 50,000 -20,000 -28.57 7,378 -13.47 0.0245
2023-05-15 2023-03-31 13F BADGER METER COM 056525108 70,000 0 0.00 8,527 11.73 0.0293
2023-02-14 2022-12-31 13F BADGER METER COM 056525108 70,000 -21,281 -23.31 7,632 -9.50 0.0275
2023-02-14 2022-09-30 13F/A-1 Badger Meter COM 056525108 91,281 -8,495 -8.51 8,433 4.50 0.0332
2022-11-14 2022-09-30 13F Badger Meter COM 056525108 91,281 -8,495 8,433 0.0332
2023-02-14 2022-06-30 13F/A-1 Badger Meter COM 056525108 99,776 0 0.00 8,071 -18.88 0.0299
2022-08-15 2022-06-30 13F Badger Meter COM 056525108 99,776 0 8,071 0.0299
2023-02-14 2022-03-31 13F/A-1 Badger Meter COM 056525108 99,776 2,000 2.05 9,949 -4.52 0.0283
2022-05-13 2022-03-31 13F Badger Meter COM 056525108 99,776 2,000 9,949 0.0283
2022-02-14 2021-12-31 13F Badger Meter COM 056525108 97,776 3,000 3.17 10,419 8.69 0.0266
2021-11-15 2021-09-30 13F Badger Meter COM 056525108 94,776 0 0.00 9,586 3.09 0.0269
2021-08-13 2021-06-30 13F/A-1 Badger Meter COM 056525108 94,776 17,015 21.88 9,299 28.49 0.0262
2021-08-13 2021-06-30 13F Badger Meter COM 056525108 94,776 17,015 9,299 0.0157
2021-05-14 2021-03-31 13F Badger Meter COM 056525108 77,761 -5,816 -6.96 7,237 -7.94 0.0220
2021-02-12 2020-12-31 13F Badger Meter COM 056525108 83,577 9,241 12.43 7,861 61.78 0.0247
2021-02-11 2020-09-30 13F/A-1 Badger Meter COM 056525108 74,336 27,393 58.35 4,859 64.49 0.0176
2020-11-13 2020-09-30 13F Badger Meter COM 056525108 74,336 27,393 4,859 9,699.3352
2021-02-12 2020-06-30 13F/A-1 BADGER METER COM 056525108 46,943 46,943 2,954 0.0116
2020-08-14 2020-06-30 13F BADGER METER COM 056525108 46,943 2,954 0.0116
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.