BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0001081019)

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

Q4 2025

Shares 28,096 Value ($000) $4,900 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 27,789 Value ($000) $4,963 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 27,191 Value ($000) $6,660 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 27,191 Value ($000) $5,173 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 27,501 Value ($000) $5,834 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 27,805 Value ($000) $6,073 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 28,653 Value ($000) $5,339 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 29,353 Value ($000) $4,750 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 30,961 Value ($000) $4,779 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 32,420 Value ($000) $4,664 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 35,569 Value ($000) $5,249 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 36,601 Value ($000) $4,459 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 37,150 Value ($000) $4,050 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 36,742 Value ($000) $3,395 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 37,448 Value ($000) $3,029 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 37,361 Value ($000) $3,725 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 40,551 Value ($000) $4,321 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 39,690 Value ($000) $4,014 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 40,284 Value ($000) $3,953 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 43,964 Value ($000) $4,092 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 44,065 Value ($000) $4,145 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 44,073 Value ($000) $2,881 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 43,475 Value ($000) $2,735 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 43,475 Value ($000) $2,330 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 43,690 Value ($000) $2,837 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 44,573 Value ($000) $2,394 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 44,040 Value ($000) $2,629 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 43,743 Value ($000) $2,434 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 44,716 Value ($000) $2,200 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 43,707 Value ($000) $2,314 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 43,723 Value ($000) $1,954 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 42,755 Value ($000) $2,016 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 44,253 Value ($000) $2,115 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 44,934 Value ($000) $2,202 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 49,687 Value ($000) $1,980 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 55,244 Value ($000) $2,030 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 57,844 Value ($000) $2,137 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 59,444 Value ($000) $1,992 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 29,422 Value ($000) $2,149 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 30,770 Value ($000) $2,047 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 26,842 Value ($000) $1,573 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 26,442 Value ($000) $1,535 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 26,442 Value ($000) $1,679 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 26,314 Value ($000) $1,577 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 26,814 Value ($000) $1,591 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 26,700 Value ($000) $1,347 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 26,349 Value ($000) $1,387 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 26,149 Value ($000) $1,441 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 26,049 Value ($000) $1,420 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 25,849 Value ($000) $1,202 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 25,029 Value ($000) $1,115 Avg Close $20.08 Range $18.35 - $23.78

Q1 2013

Shares 25,273 Value ($000) $1,353 Avg Close $22.15 Range $20.44 - $23.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	28,096	$4,900	$179.79	$166.62 - $203.51
Q3 2025	27,789	$4,963	$195.98	$170.39 - $248.42
Q2 2025	27,191	$6,660	$225.32	$161.21 - $254.91
Q1 2025	27,191	$5,173	$207.21	$186.02 - $220.32
Q4 2024	27,501	$5,834	$215.93	$191.24 - $237.30
Q3 2024	27,805	$6,073	$198.39	$179.05 - $218.24
Q2 2024	28,653	$5,339	$180.48	$149.35 - $200.63
Q1 2024	29,353	$4,750	$151.60	$137.57 - $162.82
Q4 2023	30,961	$4,779	$143.50	$131.97 - $156.28
Q3 2023	32,420	$4,664	$155.35	$136.32 - $167.91
Q2 2023	35,569	$5,249	$135.17	$115.31 - $153.46
Q1 2023	36,601	$4,459	$114.59	$101.78 - $122.01
Q4 2022	37,150	$4,050	$106.24	$86.17 - $118.04
Q3 2022	36,742	$3,395	$90.56	$74.97 - $100.73
Q2 2022	37,448	$3,029	$80.46	$71.38 - $99.86
Q1 2022	37,361	$3,725	$95.17	$83.04 - $105.56
Q4 2021	40,551	$4,321	$102.11	$96.04 - $109.06
Q3 2021	39,690	$4,014	$98.92	$90.78 - $104.88
Q2 2021	40,284	$3,953	$91.27	$86.18 - $96.71
Q1 2021	43,964	$4,092	$97.10	$85.74 - $107.88
Q4 2020	44,065	$4,145	$76.86	$62.46 - $92.51
Q3 2020	44,073	$2,881	$61.29	$57.07 - $65.43
Q2 2020	43,475	$2,735	$56.81	$44.94 - $65.20
Q1 2020	43,475	$2,330	$58.14	$39.68 - $67.55
Q4 2019	43,690	$2,837	$56.49	$48.19 - $63.55
Q3 2019	44,573	$2,394	$51.19	$47.07 - $57.37
Q2 2019	44,040	$2,629	$52.44	$48.74 - $57.18
Q1 2019	43,743	$2,434	$52.46	$44.87 - $58.05
Q4 2018	44,716	$2,200	$48.19	$44.03 - $53.86
Q3 2018	43,707	$2,314	$48.82	$41.35 - $53.03
Q2 2018	43,723	$1,954	$41.42	$38.33 - $44.31
Q1 2018	42,755	$2,016	$45.15	$42.38 - $47.60
Q4 2017	44,253	$2,115	$43.15	$39.05 - $48.44
Q3 2017	44,934	$2,202	$41.26	$36.25 - $45.98
Q2 2017	49,687	$1,980	$35.90	$32.59 - $38.55
Q1 2017	55,244	$2,030	$33.94	$31.79 - $36.72
Q4 2016	57,844	$2,137	$32.11	$26.91 - $36.08
Q3 2016	59,444	$1,992	$31.66	$29.30 - $34.60
Q2 2016	29,422	$2,149	$32.67	$28.96 - $35.93
Q1 2016	30,770	$2,047	$28.14	$24.03 - $31.71
Q4 2015	26,842	$1,573	$27.06	$25.07 - $28.21
Q3 2015	26,442	$1,535	$26.82	$23.34 - $29.11
Q2 2015	26,442	$1,679	$28.46	$26.44 - $29.77
Q1 2015	26,314	$1,577	$26.24	$24.58 - $27.59
Q4 2014	26,814	$1,591	$24.57	$21.25 - $27.36
Q3 2014	26,700	$1,347	$22.93	$21.11 - $24.24
Q2 2014	26,349	$1,387	$22.79	$20.66 - $25.32
Q1 2014	26,149	$1,441	$23.48	$21.22 - $24.91
Q4 2013	26,049	$1,420	$22.96	$19.78 - $24.97
Q3 2013	25,849	$1,202	$20.70	$19.33 - $21.97
Q2 2013	25,029	$1,115	$20.08	$18.35 - $23.78
Q1 2013	25,273	$1,353	$22.15	$20.44 - $23.75