{
 "company": "Badger Meter",
 "ticker": "BMI",
 "page": "https://www.moatshark.com/s/bmi",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Vulcan Value Partners",
   "moatshark_slug": "vulcan-value-partners",
   "period": "2026-06-30",
   "portfolio_pct": 0.31,
   "value_usd": 10191378,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Fundsmith",
   "moatshark_slug": "fundsmith",
   "period": "2026-06-30",
   "portfolio_pct": 0.19,
   "value_usd": 25911154,
   "change": "ADD",
   "share_change_pct": 22.6,
   "quarters_held": 2
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0.14,
   "value_usd": 14758539,
   "change": "REDUCE",
   "share_change_pct": -5.1,
   "quarters_held": 53
  }
 ]
}