BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

Empowered Funds, LLC's Holding History (CIK: 0001592828)

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

Q3 2025

Shares 11,965 Value ($000) $2,137 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 8,740 Value ($000) $2,141 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 2,344 Value ($000) $446 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 3,893 Value ($000) $826 Avg Close $215.93 Range $191.24 - $237.30

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	11,965	$2,137	$195.98	$170.39 - $248.42
Q2 2025	8,740	$2,141	$225.32	$161.21 - $254.91
Q1 2025	2,344	$446	$207.21	$186.02 - $220.32
Q4 2024	3,893	$826	$215.93	$191.24 - $237.30