BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 6,632 Value ($000) $1,157 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 6,632 Value ($000) $1,184 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 6,686 Value ($000) $1,638 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 6,137 Value ($000) $1,168 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 6,137 Value ($000) $1,302 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 7,821 Value ($000) $1,708 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 7,177 Value ($000) $1,337 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 11,540 Value ($000) $1,406 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 8,652 Value ($000) $1,336 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 9,170 Value ($000) $1,319 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 9,810 Value ($000) $1,448 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 11,540 Value ($000) $1,406 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 11,325 Value ($000) $1,235 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 11,153 Value ($000) $1,030 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 11,817 Value ($000) $956 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 11,817 Value ($000) $1,178 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 12,311 Value ($000) $1,312 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 12,820 Value ($000) $1,297 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 12,420 Value ($000) $1,219 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 13,285 Value ($000) $1,236 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 13,395 Value ($000) $1,260 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 13,965 Value ($000) $913 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 13,965 Value ($000) $879 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 13,601 Value ($000) $729 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 13,601 Value ($000) $883 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 13,821 Value ($000) $742 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 13,821 Value ($000) $825 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 13,803 Value ($000) $768 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 11,760 Value ($000) $579 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 11,760 Value ($000) $623 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 11,760 Value ($000) $526 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 11,620 Value ($000) $548 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 11,620 Value ($000) $555 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 11,620 Value ($000) $569 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 11,620 Value ($000) $463 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 11,620 Value ($000) $427 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 11,620 Value ($000) $429 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 11,620 Value ($000) $389 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 5,810 Value ($000) $424 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 5,810 Value ($000) $386 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 6,590 Value ($000) $386 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 6,647 Value ($000) $386 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 6,647 Value ($000) $422 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 12,175 Value ($000) $730 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 13,665 Value ($000) $811 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 13,787 Value ($000) $696 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 13,787 Value ($000) $726 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 13,673 Value ($000) $753 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 18,157 Value ($000) $990 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 18,157 Value ($000) $844 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 18,157 Value ($000) $809 Avg Close $20.08 Range $18.35 - $23.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,632	$1,157	$179.79	$166.62 - $203.51
Q3 2025	6,632	$1,184	$195.98	$170.39 - $248.42
Q2 2025	6,686	$1,638	$225.32	$161.21 - $254.91
Q1 2025	6,137	$1,168	$207.21	$186.02 - $220.32
Q4 2024	6,137	$1,302	$215.93	$191.24 - $237.30
Q3 2024	7,821	$1,708	$198.39	$179.05 - $218.24
Q2 2024	7,177	$1,337	$180.48	$149.35 - $200.63
Q1 2024	11,540	$1,406	$151.60	$137.57 - $162.82
Q4 2023	8,652	$1,336	$143.50	$131.97 - $156.28
Q3 2023	9,170	$1,319	$155.35	$136.32 - $167.91
Q2 2023	9,810	$1,448	$135.17	$115.31 - $153.46
Q1 2023	11,540	$1,406	$114.59	$101.78 - $122.01
Q4 2022	11,325	$1,235	$106.24	$86.17 - $118.04
Q3 2022	11,153	$1,030	$90.56	$74.97 - $100.73
Q2 2022	11,817	$956	$80.46	$71.38 - $99.86
Q1 2022	11,817	$1,178	$95.17	$83.04 - $105.56
Q4 2021	12,311	$1,312	$102.11	$96.04 - $109.06
Q3 2021	12,820	$1,297	$98.92	$90.78 - $104.88
Q2 2021	12,420	$1,219	$91.27	$86.18 - $96.71
Q1 2021	13,285	$1,236	$97.10	$85.74 - $107.88
Q4 2020	13,395	$1,260	$76.86	$62.46 - $92.51
Q3 2020	13,965	$913	$61.29	$57.07 - $65.43
Q2 2020	13,965	$879	$56.81	$44.94 - $65.20
Q1 2020	13,601	$729	$58.14	$39.68 - $67.55
Q4 2019	13,601	$883	$56.49	$48.19 - $63.55
Q3 2019	13,821	$742	$51.19	$47.07 - $57.37
Q2 2019	13,821	$825	$52.44	$48.74 - $57.18
Q1 2019	13,803	$768	$52.46	$44.87 - $58.05
Q4 2018	11,760	$579	$48.19	$44.03 - $53.86
Q3 2018	11,760	$623	$48.82	$41.35 - $53.03
Q2 2018	11,760	$526	$41.42	$38.33 - $44.31
Q1 2018	11,620	$548	$45.15	$42.38 - $47.60
Q4 2017	11,620	$555	$43.15	$39.05 - $48.44
Q3 2017	11,620	$569	$41.26	$36.25 - $45.98
Q2 2017	11,620	$463	$35.90	$32.59 - $38.55
Q1 2017	11,620	$427	$33.94	$31.79 - $36.72
Q4 2016	11,620	$429	$32.11	$26.91 - $36.08
Q3 2016	11,620	$389	$31.66	$29.30 - $34.60
Q2 2016	5,810	$424	$32.67	$28.96 - $35.93
Q1 2016	5,810	$386	$28.14	$24.03 - $31.71
Q4 2015	6,590	$386	$27.06	$25.07 - $28.21
Q3 2015	6,647	$386	$26.82	$23.34 - $29.11
Q2 2015	6,647	$422	$28.46	$26.44 - $29.77
Q1 2015	12,175	$730	$26.24	$24.58 - $27.59
Q4 2014	13,665	$811	$24.57	$21.25 - $27.36
Q3 2014	13,787	$696	$22.93	$21.11 - $24.24
Q2 2014	13,787	$726	$22.79	$20.66 - $25.32
Q1 2014	13,673	$753	$23.48	$21.22 - $24.91
Q4 2013	18,157	$990	$22.96	$19.78 - $24.97
Q3 2013	18,157	$844	$20.70	$19.33 - $21.97
Q2 2013	18,157	$809	$20.08	$18.35 - $23.78