BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

NUANCE INVESTMENTS, LLC's Holding History (CIK: 0001473182)

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

Q3 2018

Shares 93,284 Value ($000) $4,941 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 218,794 Value ($000) $9,780 Avg Close $41.42 Range $38.33 - $44.31

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	93,284	$4,941	$48.82	$41.35 - $53.03
Q2 2018	218,794	$9,780	$41.42	$38.33 - $44.31