# Badger Meter (BMI): value investors who own it | moatshark

3 value investors held Badger Meter in their Q3 2026 13F, led by Vulcan Value Partners, Fundsmith, Mairs & Power.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Vulcan Value Partners | 0.3% | $10.2m | New | 1 |
| Fundsmith | 0.2% | $25.9m | Added +23% | 2 |
| Mairs & Power | 0.1% | $14.8m | Trimmed -5.1% | 53 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-07-30 | Callahan Edward F. | VP-Engineering | Bought | 751 | $102k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Vulcan Value Partners Small Cap Fund | Vulcan Value Partners | 1.8% | $1.4m | 2026-07-31 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/bmi). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.