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Black Hills Corp

BKH
Exchange
NYSE
Industry
Electric Services
SEC CIK
0001130464

No open-market purchases or sales by Black Hills Corp insiders were filed in the last 90 days; 477 institutions reported holding it in 13F filings for Q2 2026, worth $5.83B in total; no superinvestor holds it.

13F holders, Q1 2025

Institutional positions in Black Hills Corp as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
414
+18 vs. Q4 2024
Shares held
61.3M
+1.66M (+2.8%) vs. Q4 2024
Total value
$3.71B
+$224.6M (+6.4%) vs. Q4 2024
New holders
58
162 more added
Sold out
40
127 more reduced

4 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BKH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 414 institutions
Q1 2021: 295 institutionsQ2 2021: 283 institutionsQ3 2021: 293 institutionsQ4 2021: 324 institutionsQ1 2022: 325 institutionsQ2 2022: 347 institutionsQ3 2022: 329 institutionsQ4 2022: 323 institutionsQ1 2023: 331 institutionsQ2 2023: 332 institutionsQ3 2023: 344 institutionsQ4 2023: 365 institutionsQ1 2024: 395 institutionsQ2 2024: 375 institutionsQ3 2024: 394 institutionsQ4 2024: 400 institutionsQ1 2025: 414 institutionsQ2 2025: 413 institutionsQ3 2025: 432 institutionsQ4 2025: 461 institutionsQ1 2026: 476 institutionsQ2 2026: 477 institutions
Value heldQ1 2025: $3.71B
Q1 2021: $3.64BQ2 2021: $3.64BQ3 2021: $3.46BQ4 2021: $3.91BQ1 2022: $4.41BQ2 2022: $4.13BQ3 2022: $3.93BQ4 2022: $4.16BQ1 2023: $3.63BQ2 2023: $3.50BQ3 2023: $2.94BQ4 2023: $3.19BQ1 2024: $3.26BQ2 2024: $3.21BQ3 2024: $3.71BQ4 2024: $3.55BQ1 2025: $3.71BQ2 2025: $3.42BQ3 2025: $4.04BQ4 2025: $5.02BQ1 2026: $5.31BQ2 2026: $5.83B
Institutions holding BKH and their total value by quarter
QuarterHoldersValue
Q2 2026477$5.83B
Q1 2026476$5.31B
Q4 2025461$5.02B
Q3 2025432$4.04B
Q2 2025413$3.42B
Q1 2025414$3.71B
Q4 2024400$3.55B
Q3 2024394$3.71B
Q2 2024375$3.21B
Q1 2024395$3.26B
Q4 2023365$3.19B
Q3 2023344$2.94B
Q2 2023332$3.50B
Q1 2023331$3.63B
Q4 2022323$4.16B
Q3 2022329$3.93B
Q2 2022347$4.13B
Q1 2022325$4.41B
Q4 2021324$3.91B
Q3 2021293$3.46B
Q2 2021283$3.64B
Q1 2021295$3.64B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q4 2024.

Institutions holding BKH in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.11,308,124$685.8M0.01%−192,328−1.7%Reduced
Vanguard Group Inc8,634,076$523.7M0.01%+31,853+0.4%Added
State Street Corp3,810,522$231.1M0.01%−43,950−1.1%Reduced
Macquarie Group Ltd2,361,093$143.2M0.18%+2,405+0.1%Added
Capital Research Global Investors1,863,193$113.0M0.02%+18,105+1.0%Added
Geode Capital Management, LLC1,785,538$108.3M0.01%+87,304+5.1%Added
Fuller & Thaler Asset Management, Inc.1,321,939$80.2M0.31%−6,913−0.5%Reduced
Zimmer Partners, LP1,321,304$80.1M1.63%−150,900−10.2%Reduced
Charles Schwab Investment Management Inc1,226,794$74.4M0.01%+1,141+0.1%Added
Dimensional Fund Advisors LP1,081,926$65.6M0.02%+44,304+4.3%Added
Northern Trust Corp1,003,311$60.9M0.01%−13,166−1.3%Reduced
First Trust Advisors LP936,038$56.8M0.05%−17,393−1.8%Reduced
AQR Capital Management LLC888,412$53.8M0.06%+14,437+1.7%Added
Bank of New York Mellon Corp824,179$50.0M0.01%−13,715−1.6%Reduced
Invesco Ltd.802,545$48.7M0.01%−28,611−3.4%Reduced
Goldman Sachs Group Inc774,483$47.0M0.01%−188,294−19.6%Reduced
Nuveen, LLC769,473$43.7M0.01%+769,473New
ProShare Advisors LLC664,397$40.3M0.09%−34,493−4.9%Reduced
Franklin Resources Inc656,229$39.8M0.01%−241,016−26.9%Reduced
Morgan Stanley652,688$39.6M0.00%−24,378−3.6%Reduced
Victory Capital Management Inc652,003$39.5M0.04%+100,421+18.2%Added
Millennium Management LLC579,797$35.2M0.03%+116,338+25.1%Added
Massachusetts Financial Services Co579,487$35.1M0.01%−14,028−2.4%Reduced
Bank of America Corp564,141$34.2M0.00%+56,155+11.1%Added
Qube Research & Technologies Ltd506,608$30.7M0.05%+146,774+40.8%Added
Gabelli Funds LLC455,100$27.6M0.21%−1,500−0.3%Reduced
Janus Henderson Group PLC435,719$26.2M0.01%+22,272+5.4%Added
JPMorgan Chase & Co420,612$25.5M0.00%−130,802−23.7%Reduced
Hotchkis & Wiley Capital Management LLC416,715$25.3M0.08%−4,255−1.0%Reduced
Old Republic International Corporation416,000$25.2M0.98%+2,000+0.5%Added
UBS Group AG408,628$24.8M0.01%+96,530+30.9%Added
Manufacturers Life Insurance Company, The400,553$24.3M0.02%+1600.0%Added
Duff & Phelps Investment Management Co389,700$23.6M0.28%00.0%Unchanged
Legal & General Group Plc381,690$23.1M0.01%+1,600+0.4%Added
California Public Employees Retirement System345,900$21.0M0.01%−1,941−0.6%Reduced
Prudential Financial Inc260,058$15.8M0.02%+24,118+10.2%Added
Brandywine Global Investment Management, LLC257,940$15.6M0.11%+13,544+5.5%Added
Cubist Systematic Strategies, LLC242,668$14.7M0.19%+205,414+551.4%Added
Rhumbline Advisers238,996$14.5M0.01%−1,412−0.6%Reduced
Voya Investment Management LLC236,099$14.3M0.02%+66,096+38.9%Added
Glenmede Trust Co NA223,525$13.6M0.07%−6,804−3.0%Reduced
Hunter Perkins Capital Management, LLC219,218$13.3M3.09%−5,822−2.6%Reduced
Bessemer Group Inc218,818$13.3M0.02%+218,258+38,974.6%Added
Principal Financial Group Inc215,402$13.1M0.01%+4,077+1.9%Added
Gamco Investors, Inc. Et Al192,921$11.7M0.13%+1,500+0.8%Added
HighTower Advisors, LLC188,485$11.4M0.02%+43,061+29.6%Added
Thrivent Financial for Lutherans181,321$11.0M0.02%+2,398+1.3%Added
Jane Street Group, LLC172,357$10.5M0.02%+172,357New
Barclays PLC171,726$10.4M0.00%−41,750−19.6%Reduced
Phocas Financial Corp.171,060$10.4M1.59%−9,894−5.5%Reduced
Great Lakes Advisors, LLC167,512$10.2M0.09%−11,746−6.6%Reduced
First Eagle Investment Management, LLC162,216$9.84M0.02%−69,200−29.9%Reduced
Deutsche Bank AG157,625$9.56M0.00%−22,629−12.6%Reduced
Leeward Investments, LLC - MA152,030$9.22M0.49%−5,740−3.6%Reduced
Two Sigma Investments, LP151,551$9.19M0.02%+129,662+592.4%Added
Raymond James Financial Inc146,590$8.89M0.00%+2,817+2.0%Added
Ameriprise Financial Inc146,371$8.88M0.00%+3,654+2.6%Added
Swiss National Bank138,679$8.41M0.01%+1,400+1.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys136,971$8.31M0.05%+4,217+3.2%Added
UBS Asset Management Americas Inc134,673$8.17M0.00%+7,332+5.8%Added
Alliancebernstein L.P.134,579$8.16M0.00%−487−0.4%Reduced
Mutual of America Capital Management LLC133,955$8.12M0.09%+3,921+3.0%Added
Wellington Management Group LLP131,169$7.96M0.00%+131,169New
Crawford Investment Counsel Inc130,539$7.92M0.14%+1,302+1.0%Added
Mairs & Power Inc124,950$7.58M0.08%−15,395−11.0%Reduced
Corebridge Financial, Inc.113,848$6.90M0.04%−1,478−1.3%Reduced
Arrowstreet Capital, Limited Partnership109,951$6.67M0.01%+109,951New
Two Sigma Advisers, LP105,100$6.37M0.01%+80,100+320.4%Added
Susquehanna International Group, LLP102,299$6.20M0.01%+68,970+206.9%Added
Citigroup Inc101,636$6.16M0.00%+3,315+3.4%Added
Voloridge Investment Management, LLC100,988$6.12M0.02%+79,621+372.6%Added
Keeley-Teton Advisors, LLC99,891$6.06M0.73%−1,513−1.5%Reduced
Royal Bank of Canada99,666$6.04M0.00%−3,638−3.5%Reduced
Susquehanna Fundamental Investments, LLC98,398$5.97M0.10%+83,327+552.9%Added
Campbell & CO Investment Adviser LLC96,210$5.84M0.45%+96,210New
Congress Asset Management Co94,137$5.71M0.04%−4,276−4.3%Reduced
Stifel Financial Corp93,833$5.69M0.01%+3,800+4.2%Added
Retirement Systems of Alabama87,167$5.29M0.02%+141+0.2%Added
MetLife Investment Management80,287$4.87M0.03%−621−0.8%Reduced
Burney Co78,049$4.73M0.17%−446−0.6%Reduced
South Dakota Investment Council77,175$4.68M0.10%+5,400+7.5%Added
Martingale Asset Management L P75,294$4.57M0.12%+4,813+6.8%Added
Meritage Portfolio Management73,829$4.48M0.30%+22,844+44.8%Added
New York State Teachers Retirement System73,390$4.45M0.01%−14,000−16.0%Reduced
California State Teachers Retirement System70,404$4.27M0.01%+5,140+7.9%Added
WCM Investment Management, LLC70,437$4.23M0.01%−346−0.5%Reduced
Clark Capital Management Group, Inc.69,680$4.23M0.03%+8,564+14.0%Added
Engineers Gate Manager LP69,414$4.21M0.07%+65,865+1,855.9%Added
Meeder Asset Management Inc67,665$4.10M0.28%+67,665New
Balyasny Asset Management LLC67,266$4.08M0.01%+13,191+24.4%Added
SG Americas Securities, LLC66,371$4.03M0.01%−18,263−21.6%Reduced
Quantbot Technologies LP63,797$3.87M0.12%+63,797New
Squarepoint Ops LLC60,139$3.65M0.01%+54,965+1,062.3%Added
Price T Rowe Associates Inc59,665$3.62M0.00%+6,129+11.4%Added
Envestnet Asset Management Inc59,163$3.59M0.00%+5,075+9.4%Added
Renaissance Technologies LLC58,800$3.57M0.01%+58,800New
Alta Capital Management LLC55,715$3.38M0.22%+4,910+9.7%Added
State of Wisconsin Investment Board55,579$3.37M0.01%−1,273−2.2%Reduced
Kingsview Wealth Management, LLC55,296$3.35M0.06%−3,607−6.1%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH54,949$3.33M0.01%+54,949New