BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 720,969 Value ($000) $125,745 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 752,272 Value ($000) $134,341 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 755,425 Value ($000) $185,042 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 729,180 Value ($000) $138,727 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 750,121 Value ($000) $159,117 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 726,261 Value ($000) $158,623 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 655,234 Value ($000) $122,103 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 597,986 Value ($000) $96,760 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 396,598 Value ($000) $61,223 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 359,057 Value ($000) $51,658 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 379,118 Value ($000) $55,943 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 351,462 Value ($000) $42,815 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 360,282 Value ($000) $39,282 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 360,632 Value ($000) $33,319 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 243,923 Value ($000) $19,732 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 172,842 Value ($000) $17,233 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 161,439 Value ($000) $17,203 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 163,891 Value ($000) $16,577 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 209,531 Value ($000) $20,560 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 175,575 Value ($000) $16,340 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 213,145 Value ($000) $20,048 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 191,445 Value ($000) $12,515 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 165,305 Value ($000) $10,400 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 101,988 Value ($000) $5,466 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 163,097 Value ($000) $10,589 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 142,268 Value ($000) $7,639 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 167,003 Value ($000) $9,968 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 152,769 Value ($000) $8,501 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 121,504 Value ($000) $5,981 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 79,474 Value ($000) $4,208 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 75,658 Value ($000) $3,382 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 75,498 Value ($000) $3,560 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 74,092 Value ($000) $3,542 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 43,004 Value ($000) $2,107 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 30,661 Value ($000) $1,223 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 45,083 Value ($000) $1,656 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 95,223 Value ($000) $3,519 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 40,684 Value ($000) $1,363 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 10,699 Value ($000) $782 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 12,727 Value ($000) $846 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 9,881 Value ($000) $579 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 9,879 Value ($000) $574 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 15,357 Value ($000) $974 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 7,621 Value ($000) $456 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 7,599 Value ($000) $451 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 12,096 Value ($000) $610 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 8,071 Value ($000) $425 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 6,472 Value ($000) $357 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 6,087 Value ($000) $332 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 10,756 Value ($000) $500 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 20,267 Value ($000) $903 Avg Close $20.08 Range $18.35 - $23.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	720,969	$125,745	$179.79	$166.62 - $203.51
Q3 2025	752,272	$134,341	$195.98	$170.39 - $248.42
Q2 2025	755,425	$185,042	$225.32	$161.21 - $254.91
Q1 2025	729,180	$138,727	$207.21	$186.02 - $220.32
Q4 2024	750,121	$159,117	$215.93	$191.24 - $237.30
Q3 2024	726,261	$158,623	$198.39	$179.05 - $218.24
Q2 2024	655,234	$122,103	$180.48	$149.35 - $200.63
Q1 2024	597,986	$96,760	$151.60	$137.57 - $162.82
Q4 2023	396,598	$61,223	$143.50	$131.97 - $156.28
Q3 2023	359,057	$51,658	$155.35	$136.32 - $167.91
Q2 2023	379,118	$55,943	$135.17	$115.31 - $153.46
Q1 2023	351,462	$42,815	$114.59	$101.78 - $122.01
Q4 2022	360,282	$39,282	$106.24	$86.17 - $118.04
Q3 2022	360,632	$33,319	$90.56	$74.97 - $100.73
Q2 2022	243,923	$19,732	$80.46	$71.38 - $99.86
Q1 2022	172,842	$17,233	$95.17	$83.04 - $105.56
Q4 2021	161,439	$17,203	$102.11	$96.04 - $109.06
Q3 2021	163,891	$16,577	$98.92	$90.78 - $104.88
Q2 2021	209,531	$20,560	$91.27	$86.18 - $96.71
Q1 2021	175,575	$16,340	$97.10	$85.74 - $107.88
Q4 2020	213,145	$20,048	$76.86	$62.46 - $92.51
Q3 2020	191,445	$12,515	$61.29	$57.07 - $65.43
Q2 2020	165,305	$10,400	$56.81	$44.94 - $65.20
Q1 2020	101,988	$5,466	$58.14	$39.68 - $67.55
Q4 2019	163,097	$10,589	$56.49	$48.19 - $63.55
Q3 2019	142,268	$7,639	$51.19	$47.07 - $57.37
Q2 2019	167,003	$9,968	$52.44	$48.74 - $57.18
Q1 2019	152,769	$8,501	$52.46	$44.87 - $58.05
Q4 2018	121,504	$5,981	$48.19	$44.03 - $53.86
Q3 2018	79,474	$4,208	$48.82	$41.35 - $53.03
Q2 2018	75,658	$3,382	$41.42	$38.33 - $44.31
Q1 2018	75,498	$3,560	$45.15	$42.38 - $47.60
Q4 2017	74,092	$3,542	$43.15	$39.05 - $48.44
Q3 2017	43,004	$2,107	$41.26	$36.25 - $45.98
Q2 2017	30,661	$1,223	$35.90	$32.59 - $38.55
Q1 2017	45,083	$1,656	$33.94	$31.79 - $36.72
Q4 2016	95,223	$3,519	$32.11	$26.91 - $36.08
Q3 2016	40,684	$1,363	$31.66	$29.30 - $34.60
Q2 2016	10,699	$782	$32.67	$28.96 - $35.93
Q1 2016	12,727	$846	$28.14	$24.03 - $31.71
Q4 2015	9,881	$579	$27.06	$25.07 - $28.21
Q3 2015	9,879	$574	$26.82	$23.34 - $29.11
Q2 2015	15,357	$974	$28.46	$26.44 - $29.77
Q1 2015	7,621	$456	$26.24	$24.58 - $27.59
Q4 2014	7,599	$451	$24.57	$21.25 - $27.36
Q3 2014	12,096	$610	$22.93	$21.11 - $24.24
Q2 2014	8,071	$425	$22.79	$20.66 - $25.32
Q1 2014	6,472	$357	$23.48	$21.22 - $24.91
Q4 2013	6,087	$332	$22.96	$19.78 - $24.97
Q3 2013	10,756	$500	$20.70	$19.33 - $21.97
Q2 2013	20,267	$903	$20.08	$18.35 - $23.78