Key Takeaways
- • Copeland Capital Management acquired 190,905 shares of Badger Meter (BMI) in Q2 2026, representing an estimated $28.3 million position, according to the fund's latest SEC 13F filing disclosed on August 4, 2026.
- • Badger Meter experienced mixed institutional activity in recent quarters, with 241 institutional investors adding shares while 226 reduced positions, reflecting divergent views on the water utility metering company.
- • Notable institutional moves include Bowen Hanes & Co removing 246,005 shares (-95.6%, ~$37.5M) in Q1 2026, while Marshall Wace added 226,533 shares (+80.9%, ~$34.5M) in the same period, signaling significant portfolio rebalancing across major funds.
- • BMI stock traded near $126.67 as of late July 2026, with Vanguard Portfolio Management holding a substantial 2.45M share position as one of the largest institutional shareholders.
Summary
Copeland Capital Management, LLC has initiated a significant new position in Badger Meter, Inc. (BMI), acquiring 190,905 shares valued at approximately $28.3 million in the second quarter of 2026. The position was disclosed in the fund's SEC 13F filing released on August 4, 2026, reflecting holdings as of June 30, 2026. This addition represents new capital deployment into the NYSE-listed water utility metering and software solutions provider.
The acquisition by Copeland Capital occurs within a broader context of institutional investor activity in Badger Meter stock during the first and second quarters of 2026. Across this period, 241 institutional investors increased their BMI positions while 226 decreased theirs, indicating active portfolio management and divergent sentiment regarding the company's investment thesis. Notable institutional moves included Bowen Hanes & Co's substantial exit of 246,005 shares (-95.6%, estimated $37.5 million) in Q1 2026, while Marshall Wace simultaneously added 226,533 shares (+80.9%, estimated $34.5 million), suggesting selective reallocation among major asset managers.
Other significant institutional activity included Boston Trust Walden Corp's addition of 198,792 shares (+37.5%, estimated $29.5 million) in Q2 2026, First Trust Advisors LP's acquisition of 198,430 shares (+54.8%, estimated $30.2 million) in Q1 2026, and American Capital Management's initiation of a new 185,841-share position (estimated $28.3 million) in Q1 2026. As of late July 2026, BMI stock traded around $126.67, with Vanguard Portfolio Management maintaining one of the largest institutional stakes at approximately 2.45 million shares, representing substantial institutional backing for the company across the investment community.
The acquisition by Copeland Capital occurs within a broader context of institutional investor activity in Badger Meter stock during the first and second quarters of 2026. Across this period, 241 institutional investors increased their BMI positions while 226 decreased theirs, indicating active portfolio management and divergent sentiment regarding the company's investment thesis. Notable institutional moves included Bowen Hanes & Co's substantial exit of 246,005 shares (-95.6%, estimated $37.5 million) in Q1 2026, while Marshall Wace simultaneously added 226,533 shares (+80.9%, estimated $34.5 million), suggesting selective reallocation among major asset managers.
Other significant institutional activity included Boston Trust Walden Corp's addition of 198,792 shares (+37.5%, estimated $29.5 million) in Q2 2026, First Trust Advisors LP's acquisition of 198,430 shares (+54.8%, estimated $30.2 million) in Q1 2026, and American Capital Management's initiation of a new 185,841-share position (estimated $28.3 million) in Q1 2026. As of late July 2026, BMI stock traded around $126.67, with Vanguard Portfolio Management maintaining one of the largest institutional stakes at approximately 2.45 million shares, representing substantial institutional backing for the company across the investment community.
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