BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

Public Sector Pension Investment Board's Holding History (CIK: 0001396318)

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

Q4 2025

Shares 102,032 Value ($000) $17,795 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 114,971 Value ($000) $20,532 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 100,435 Value ($000) $24,602 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 93,251 Value ($000) $17,741 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 73,291 Value ($000) $15,546 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 62,432 Value ($000) $13,636 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 64,632 Value ($000) $12,044 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 60,161 Value ($000) $9,735 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 60,901 Value ($000) $9,401 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 36,236 Value ($000) $5,213 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 52,034 Value ($000) $7,678 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 51,478 Value ($000) $6,271 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 53,249 Value ($000) $5,806 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 53,650 Value ($000) $5 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 54,181 Value ($000) $4,383 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 54,601 Value ($000) $5,444 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 59,571 Value ($000) $6,348 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 58,961 Value ($000) $5,963 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 59,621 Value ($000) $5,850 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 60,031 Value ($000) $5,587 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 64,461 Value ($000) $6,063 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 64,461 Value ($000) $4,214 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 65,221 Value ($000) $4,104 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 65,221 Value ($000) $3,496 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 65,221 Value ($000) $4,235 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 73,921 Value ($000) $3,970 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 64,189 Value ($000) $3,831 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 26,789 Value ($000) $1,491 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 25,489 Value ($000) $1,254 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 20,089 Value ($000) $1,064 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 18,461 Value ($000) $825 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 18,461 Value ($000) $870 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 18,461 Value ($000) $882 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 18,461 Value ($000) $905 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 15,036 Value ($000) $599 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 21,036 Value ($000) $773 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 20,136 Value ($000) $744 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 20,136 Value ($000) $675 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 10,068 Value ($000) $735 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 10,068 Value ($000) $670 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 10,068 Value ($000) $590 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 16,068 Value ($000) $933 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 22,568 Value ($000) $1,433 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 27,268 Value ($000) $1,634 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 27,174 Value ($000) $1,613 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 27,174 Value ($000) $1,371 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 31,574 Value ($000) $1,662 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 29,026 Value ($000) $1,599 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 35,026 Value ($000) $1,909 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 35,026 Value ($000) $1,629 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 27,426 Value ($000) $1,222 Avg Close $20.08 Range $18.35 - $23.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	102,032	$17,795	$179.79	$166.62 - $203.51
Q3 2025	114,971	$20,532	$195.98	$170.39 - $248.42
Q2 2025	100,435	$24,602	$225.32	$161.21 - $254.91
Q1 2025	93,251	$17,741	$207.21	$186.02 - $220.32
Q4 2024	73,291	$15,546	$215.93	$191.24 - $237.30
Q3 2024	62,432	$13,636	$198.39	$179.05 - $218.24
Q2 2024	64,632	$12,044	$180.48	$149.35 - $200.63
Q1 2024	60,161	$9,735	$151.60	$137.57 - $162.82
Q4 2023	60,901	$9,401	$143.50	$131.97 - $156.28
Q3 2023	36,236	$5,213	$155.35	$136.32 - $167.91
Q2 2023	52,034	$7,678	$135.17	$115.31 - $153.46
Q1 2023	51,478	$6,271	$114.59	$101.78 - $122.01
Q4 2022	53,249	$5,806	$106.24	$86.17 - $118.04
Q3 2022	53,650	$5	$90.56	$74.97 - $100.73
Q2 2022	54,181	$4,383	$80.46	$71.38 - $99.86
Q1 2022	54,601	$5,444	$95.17	$83.04 - $105.56
Q4 2021	59,571	$6,348	$102.11	$96.04 - $109.06
Q3 2021	58,961	$5,963	$98.92	$90.78 - $104.88
Q2 2021	59,621	$5,850	$91.27	$86.18 - $96.71
Q1 2021	60,031	$5,587	$97.10	$85.74 - $107.88
Q4 2020	64,461	$6,063	$76.86	$62.46 - $92.51
Q3 2020	64,461	$4,214	$61.29	$57.07 - $65.43
Q2 2020	65,221	$4,104	$56.81	$44.94 - $65.20
Q1 2020	65,221	$3,496	$58.14	$39.68 - $67.55
Q4 2019	65,221	$4,235	$56.49	$48.19 - $63.55
Q3 2019	73,921	$3,970	$51.19	$47.07 - $57.37
Q2 2019	64,189	$3,831	$52.44	$48.74 - $57.18
Q1 2019	26,789	$1,491	$52.46	$44.87 - $58.05
Q4 2018	25,489	$1,254	$48.19	$44.03 - $53.86
Q3 2018	20,089	$1,064	$48.82	$41.35 - $53.03
Q2 2018	18,461	$825	$41.42	$38.33 - $44.31
Q1 2018	18,461	$870	$45.15	$42.38 - $47.60
Q4 2017	18,461	$882	$43.15	$39.05 - $48.44
Q3 2017	18,461	$905	$41.26	$36.25 - $45.98
Q2 2017	15,036	$599	$35.90	$32.59 - $38.55
Q1 2017	21,036	$773	$33.94	$31.79 - $36.72
Q4 2016	20,136	$744	$32.11	$26.91 - $36.08
Q3 2016	20,136	$675	$31.66	$29.30 - $34.60
Q2 2016	10,068	$735	$32.67	$28.96 - $35.93
Q1 2016	10,068	$670	$28.14	$24.03 - $31.71
Q4 2015	10,068	$590	$27.06	$25.07 - $28.21
Q3 2015	16,068	$933	$26.82	$23.34 - $29.11
Q2 2015	22,568	$1,433	$28.46	$26.44 - $29.77
Q1 2015	27,268	$1,634	$26.24	$24.58 - $27.59
Q4 2014	27,174	$1,613	$24.57	$21.25 - $27.36
Q3 2014	27,174	$1,371	$22.93	$21.11 - $24.24
Q2 2014	31,574	$1,662	$22.79	$20.66 - $25.32
Q1 2014	29,026	$1,599	$23.48	$21.22 - $24.91
Q4 2013	35,026	$1,909	$22.96	$19.78 - $24.97
Q3 2013	35,026	$1,629	$20.70	$19.33 - $21.97
Q2 2013	27,426	$1,222	$20.08	$18.35 - $23.78