BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

BROWN CAPITAL MANAGEMENT LLC's Holding History (CIK: 0000885062)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 101,519 Value ($000) $17,706 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 209,744 Value ($000) $37,456 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 163,678 Value ($000) $40,093 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 141,381 Value ($000) $26,898 Avg Close $207.21 Range $186.02 - $220.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	101,519	$17,706	$179.79	$166.62 - $203.51
Q3 2025	209,744	$37,456	$195.98	$170.39 - $248.42
Q2 2025	163,678	$40,093	$225.32	$161.21 - $254.91
Q1 2025	141,381	$26,898	$207.21	$186.02 - $220.32