BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001021223)

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

Q4 2025

Shares 280,557 Value ($000) $48,932 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 287,646 Value ($000) $51,368 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 289,565 Value ($000) $70,929 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 291,637 Value ($000) $55,484 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 286,830 Value ($000) $60,843 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 287,807 Value ($000) $62,860 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 295,077 Value ($000) $54,988 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 608,538 Value ($000) $98,468 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 613,335 Value ($000) $94,681 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 629,258 Value ($000) $90,531 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 650,237 Value ($000) $95,949 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 664,294 Value ($000) $80,924 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 673,551 Value ($000) $73,437 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 715,706 Value ($000) $66,124 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 735,594 Value ($000) $59,502 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 769,009 Value ($000) $76,678 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 775,279 Value ($000) $82,614 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 775,754 Value ($000) $78,461 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 775,849 Value ($000) $76,127 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 667,544 Value ($000) $62,128 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 617,894 Value ($000) $58,119 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 1,091,875 Value ($000) $71,377 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 1,028,610 Value ($000) $64,720 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 987,024 Value ($000) $52,904 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 988,750 Value ($000) $64,200 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 998,593 Value ($000) $53,625 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 1,015,605 Value ($000) $60,622 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 1,494,090 Value ($000) $83,131 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 1,769,167 Value ($000) $87,061 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 1,769,865 Value ($000) $93,714 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 1,790,763 Value ($000) $80,048 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 1,723,522 Value ($000) $81,264 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 1,675,359 Value ($000) $80,083 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 1,657,744 Value ($000) $81,230 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 1,658,855 Value ($000) $66,105 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 1,617,131 Value ($000) $59,429 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 1,592,410 Value ($000) $58,839 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 1,502,873 Value ($000) $50,362 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 629,771 Value ($000) $45,993 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 628,077 Value ($000) $41,773 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 657,199 Value ($000) $38,505 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 670,505 Value ($000) $38,930 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 682,772 Value ($000) $43,349 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 694,387 Value ($000) $41,622 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 717,205 Value ($000) $42,566 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 724,035 Value ($000) $36,528 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 741,910 Value ($000) $39,062 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 745,679 Value ($000) $41,087 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 750,976 Value ($000) $40,928 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 748,079 Value ($000) $34,786 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 754,186 Value ($000) $33,599 Avg Close $20.08 Range $18.35 - $23.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	280,557	$48,932	$179.79	$166.62 - $203.51
Q3 2025	287,646	$51,368	$195.98	$170.39 - $248.42
Q2 2025	289,565	$70,929	$225.32	$161.21 - $254.91
Q1 2025	291,637	$55,484	$207.21	$186.02 - $220.32
Q4 2024	286,830	$60,843	$215.93	$191.24 - $237.30
Q3 2024	287,807	$62,860	$198.39	$179.05 - $218.24
Q2 2024	295,077	$54,988	$180.48	$149.35 - $200.63
Q1 2024	608,538	$98,468	$151.60	$137.57 - $162.82
Q4 2023	613,335	$94,681	$143.50	$131.97 - $156.28
Q3 2023	629,258	$90,531	$155.35	$136.32 - $167.91
Q2 2023	650,237	$95,949	$135.17	$115.31 - $153.46
Q1 2023	664,294	$80,924	$114.59	$101.78 - $122.01
Q4 2022	673,551	$73,437	$106.24	$86.17 - $118.04
Q3 2022	715,706	$66,124	$90.56	$74.97 - $100.73
Q2 2022	735,594	$59,502	$80.46	$71.38 - $99.86
Q1 2022	769,009	$76,678	$95.17	$83.04 - $105.56
Q4 2021	775,279	$82,614	$102.11	$96.04 - $109.06
Q3 2021	775,754	$78,461	$98.92	$90.78 - $104.88
Q2 2021	775,849	$76,127	$91.27	$86.18 - $96.71
Q1 2021	667,544	$62,128	$97.10	$85.74 - $107.88
Q4 2020	617,894	$58,119	$76.86	$62.46 - $92.51
Q3 2020	1,091,875	$71,377	$61.29	$57.07 - $65.43
Q2 2020	1,028,610	$64,720	$56.81	$44.94 - $65.20
Q1 2020	987,024	$52,904	$58.14	$39.68 - $67.55
Q4 2019	988,750	$64,200	$56.49	$48.19 - $63.55
Q3 2019	998,593	$53,625	$51.19	$47.07 - $57.37
Q2 2019	1,015,605	$60,622	$52.44	$48.74 - $57.18
Q1 2019	1,494,090	$83,131	$52.46	$44.87 - $58.05
Q4 2018	1,769,167	$87,061	$48.19	$44.03 - $53.86
Q3 2018	1,769,865	$93,714	$48.82	$41.35 - $53.03
Q2 2018	1,790,763	$80,048	$41.42	$38.33 - $44.31
Q1 2018	1,723,522	$81,264	$45.15	$42.38 - $47.60
Q4 2017	1,675,359	$80,083	$43.15	$39.05 - $48.44
Q3 2017	1,657,744	$81,230	$41.26	$36.25 - $45.98
Q2 2017	1,658,855	$66,105	$35.90	$32.59 - $38.55
Q1 2017	1,617,131	$59,429	$33.94	$31.79 - $36.72
Q4 2016	1,592,410	$58,839	$32.11	$26.91 - $36.08
Q3 2016	1,502,873	$50,362	$31.66	$29.30 - $34.60
Q2 2016	629,771	$45,993	$32.67	$28.96 - $35.93
Q1 2016	628,077	$41,773	$28.14	$24.03 - $31.71
Q4 2015	657,199	$38,505	$27.06	$25.07 - $28.21
Q3 2015	670,505	$38,930	$26.82	$23.34 - $29.11
Q2 2015	682,772	$43,349	$28.46	$26.44 - $29.77
Q1 2015	694,387	$41,622	$26.24	$24.58 - $27.59
Q4 2014	717,205	$42,566	$24.57	$21.25 - $27.36
Q3 2014	724,035	$36,528	$22.93	$21.11 - $24.24
Q2 2014	741,910	$39,062	$22.79	$20.66 - $25.32
Q1 2014	745,679	$41,087	$23.48	$21.22 - $24.91
Q4 2013	750,976	$40,928	$22.96	$19.78 - $24.97
Q3 2013	748,079	$34,786	$20.70	$19.33 - $21.97
Q2 2013	754,186	$33,599	$20.08	$18.35 - $23.78