BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

Louisiana State Employees Retirement System's Holding History (CIK: 0001537191)

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

Q4 2025

Shares 13,500 Value ($000) $2,355 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 13,500 Value ($000) $2,411 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 13,800 Value ($000) $3,380 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 13,900 Value ($000) $2,644 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 14,200 Value ($000) $3,012 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 14,200 Value ($000) $3,101 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 14,800 Value ($000) $2,758 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 14,500 Value ($000) $2,346 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 14,700 Value ($000) $2,269 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 14,900 Value ($000) $2,144 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 15,400 Value ($000) $2,272 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 13,600 Value ($000) $1,657 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 13,900 Value ($000) $2 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 14,000 Value ($000) $1,293 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 14,200 Value ($000) $1,174 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 14,200 Value ($000) $1,243 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 14,200 Value ($000) $1,513 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 14,100 Value ($000) $1,426 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 13,200 Value ($000) $1,295 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 13,200 Value ($000) $1,229 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 13,400 Value ($000) $1,260 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 13,500 Value ($000) $882 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 7,870 Value ($000) $495 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 8,070 Value ($000) $433 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 10,010 Value ($000) $650 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 10,800 Value ($000) $580 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 10,900 Value ($000) $628 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 10,900 Value ($000) $606 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 10,910 Value ($000) $537 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 12,800 Value ($000) $678 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 13,000 Value ($000) $581 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 12,900 Value ($000) $608 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 12,500 Value ($000) $598 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 11,800 Value ($000) $578 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 11,900 Value ($000) $474 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 11,900 Value ($000) $437 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 11,700 Value ($000) $432 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 19,300 Value ($000) $647 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 6,400 Value ($000) $467 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 6,400 Value ($000) $426 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 6,400 Value ($000) $375 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 6,400 Value ($000) $372 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 6,400 Value ($000) $406 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 6,300 Value ($000) $378 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 6,700 Value ($000) $398 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 6,600 Value ($000) $333 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 6,700 Value ($000) $353 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 6,700 Value ($000) $369 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 6,600 Value ($000) $360 Avg Close $22.96 Range $19.78 - $24.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,500	$2,355	$179.79	$166.62 - $203.51
Q3 2025	13,500	$2,411	$195.98	$170.39 - $248.42
Q2 2025	13,800	$3,380	$225.32	$161.21 - $254.91
Q1 2025	13,900	$2,644	$207.21	$186.02 - $220.32
Q4 2024	14,200	$3,012	$215.93	$191.24 - $237.30
Q3 2024	14,200	$3,101	$198.39	$179.05 - $218.24
Q2 2024	14,800	$2,758	$180.48	$149.35 - $200.63
Q1 2024	14,500	$2,346	$151.60	$137.57 - $162.82
Q4 2023	14,700	$2,269	$143.50	$131.97 - $156.28
Q3 2023	14,900	$2,144	$155.35	$136.32 - $167.91
Q2 2023	15,400	$2,272	$135.17	$115.31 - $153.46
Q1 2023	13,600	$1,657	$114.59	$101.78 - $122.01
Q4 2022	13,900	$2	$106.24	$86.17 - $118.04
Q3 2022	14,000	$1,293	$90.56	$74.97 - $100.73
Q2 2022	14,200	$1,174	$80.46	$71.38 - $99.86
Q1 2022	14,200	$1,243	$95.17	$83.04 - $105.56
Q4 2021	14,200	$1,513	$102.11	$96.04 - $109.06
Q3 2021	14,100	$1,426	$98.92	$90.78 - $104.88
Q2 2021	13,200	$1,295	$91.27	$86.18 - $96.71
Q1 2021	13,200	$1,229	$97.10	$85.74 - $107.88
Q4 2020	13,400	$1,260	$76.86	$62.46 - $92.51
Q3 2020	13,500	$882	$61.29	$57.07 - $65.43
Q2 2020	7,870	$495	$56.81	$44.94 - $65.20
Q1 2020	8,070	$433	$58.14	$39.68 - $67.55
Q4 2019	10,010	$650	$56.49	$48.19 - $63.55
Q3 2019	10,800	$580	$51.19	$47.07 - $57.37
Q2 2019	10,900	$628	$52.44	$48.74 - $57.18
Q1 2019	10,900	$606	$52.46	$44.87 - $58.05
Q4 2018	10,910	$537	$48.19	$44.03 - $53.86
Q3 2018	12,800	$678	$48.82	$41.35 - $53.03
Q2 2018	13,000	$581	$41.42	$38.33 - $44.31
Q1 2018	12,900	$608	$45.15	$42.38 - $47.60
Q4 2017	12,500	$598	$43.15	$39.05 - $48.44
Q3 2017	11,800	$578	$41.26	$36.25 - $45.98
Q2 2017	11,900	$474	$35.90	$32.59 - $38.55
Q1 2017	11,900	$437	$33.94	$31.79 - $36.72
Q4 2016	11,700	$432	$32.11	$26.91 - $36.08
Q3 2016	19,300	$647	$31.66	$29.30 - $34.60
Q2 2016	6,400	$467	$32.67	$28.96 - $35.93
Q1 2016	6,400	$426	$28.14	$24.03 - $31.71
Q4 2015	6,400	$375	$27.06	$25.07 - $28.21
Q3 2015	6,400	$372	$26.82	$23.34 - $29.11
Q2 2015	6,400	$406	$28.46	$26.44 - $29.77
Q1 2015	6,300	$378	$26.24	$24.58 - $27.59
Q4 2014	6,700	$398	$24.57	$21.25 - $27.36
Q3 2014	6,600	$333	$22.93	$21.11 - $24.24
Q2 2014	6,700	$353	$22.79	$20.66 - $25.32
Q1 2014	6,700	$369	$23.48	$21.22 - $24.91
Q4 2013	6,600	$360	$22.96	$19.78 - $24.97