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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 477 | $5.83B |
| Q1 2026 | 476 | $5.31B |
| Q4 2025 | 461 | $5.02B |
| Q3 2025 | 432 | $4.04B |
| Q2 2025 | 413 | $3.42B |
| Q1 2025 | 414 | $3.71B |
| Q4 2024 | 400 | $3.55B |
| Q3 2024 | 394 | $3.71B |
| Q2 2024 | 375 | $3.21B |
| Q1 2024 | 395 | $3.26B |
| Q4 2023 | 365 | $3.19B |
| Q3 2023 | 344 | $2.94B |
| Q2 2023 | 332 | $3.50B |
| Q1 2023 | 331 | $3.63B |
| Q4 2022 | 323 | $4.16B |
| Q3 2022 | 329 | $3.93B |
| Q2 2022 | 347 | $4.13B |
| Q1 2022 | 325 | $4.41B |
| Q4 2021 | 324 | $3.91B |
| Q3 2021 | 293 | $3.46B |
| Q2 2021 | 283 | $3.64B |
| Q1 2021 | 295 | $3.64B |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Paradiem, LLC | 54,438 | $3.30M | 0.91% | −2,923−5.1% | Reduced |
| Federated Hermes, Inc. | 54,386 | $3.30M | 0.01% | −7,323−11.9% | Reduced |
| Financial Counselors Inc | 54,175 | $3.29M | 0.05% | +176+0.3% | Added |
| John G Ullman & Associates Inc | 53,891 | $3.27M | 0.50% | −1,700−3.1% | Reduced |
| Wells Fargo & Company | 52,548 | $3.19M | 0.00% | −12,651−19.4% | Reduced |
| Ontario Teachers Pension Plan Board | 50,845 | $3.08M | 0.05% | +7,985+18.6% | Added |
| Farmers & Merchants Investments Inc | 50,024 | $3.03M | 0.10% | −6,603−11.7% | Reduced |
| Inspire Advisors, LLC | 49,448 | $3.00M | 0.35% | +13,885+39.0% | Added |
| Nisa Investment Advisors, LLC | 48,010 | $2.91M | 0.01% | −1,051−2.1% | Reduced |
| Trexquant Investment LP | 47,858 | $2.90M | 0.03% | +47,858 | New |
| Warren Averett Asset Management, LLC | 47,264 | $2.87M | 0.03% | +3,478+7.9% | Added |
| Cambridge Investment Research Advisors, Inc. | 46,708 | $2.83M | 0.01% | +593+1.3% | Added |
| Magellan Asset Management Ltd | 45,786 | $2.78M | 0.03% | −2,570−5.3% | Reduced |
| New York State Common Retirement Fund | 45,542 | $2.76M | 0.00% | 00.0% | Unchanged |
| State of Tennessee, Treasury Department | 45,289 | $2.75M | 0.01% | 00.0% | Unchanged |
| First Manhattan Co | 45,132 | $2.74M | 0.01% | −850−1.8% | Reduced |
| Marshall Wace, LLP | 45,059 | $2.73M | 0.00% | +45,059 | New |
| Hennessy Advisors Inc | 44,947 | $2.73M | 0.09% | −2,200−4.7% | Reduced |
| Lesa Sroufe & Co | 43,829 | $2.66M | 2.65% | +43,829 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 42,798 | $2.60M | 0.01% | +2,906+7.3% | Added |
| Great West Life Assurance Co | 42,387 | $2.58M | 0.00% | −4,125−8.9% | Reduced |
| Riverwater Partners LLC | 41,586 | $2.52M | 1.29% | +50.0% | Added |
| Ameritas Investment Partners, Inc. | 41,109 | $2.49M | 0.09% | −210−0.5% | Reduced |
| Cerity Partners LLC | 40,241 | $2.44M | 0.01% | +2,313+6.1% | Added |
| LPL Financial LLC | 39,802 | $2.41M | 0.00% | +7,211+22.1% | Added |
| AMG National Trust Bank | 38,946 | $2.36M | 0.07% | +4,364+12.6% | Added |
| Littlejohn Financial Services, Inc. | 36,400 | $2.21M | 1.74% | +1,308+3.7% | Added |
| Segall Bryant & Hamill, LLC | 35,066 | $2.13M | 0.03% | +100.0% | Added |
| Algert Global LLC | 34,764 | $2.11M | 0.05% | 00.0% | Unchanged |
| Verition Fund Management LLC | 33,438 | $2.03M | 0.01% | −80,346−70.6% | Reduced |
| Aventail Capital Group, LP | 33,225 | $2.02M | 0.10% | +365+1.1% | Added |
| Intech Investment Management LLC | 33,120 | $2.01M | 0.02% | +5,859+21.5% | Added |
| State of New Jersey Common Pension Fund D | 32,355 | $1.96M | 0.01% | −1,119−3.3% | Reduced |
| Citadel Advisors LLC | 32,022 | $1.94M | 0.00% | +22,932+252.3% | Added |
| Amalgamated Bank | 31,957 | $1.94M | 0.02% | −755−2.3% | Reduced |
| Comerica Bank | 31,689 | $1.92M | 0.01% | −1,046−3.2% | Reduced |
| Tudor Investment Corp Et Al | 30,286 | $1.84M | 0.02% | −91,527−75.1% | Reduced |
| DC Investments Management, LLC | 29,900 | $1.81M | 0.93% | −1,327−4.2% | Reduced |
| Martin Capital Partners, LLC | 29,865 | $1.81M | 2.17% | −2,113−6.6% | Reduced |
| Avantax Planning Partners, Inc. | 29,108 | $1.77M | 0.06% | −3,706−11.3% | Reduced |
| Mariner, LLC | 28,953 | $1.76M | 0.00% | +581+2.0% | Added |
| Bollard Group LLC | 25,439 | $1.54M | 0.04% | +327+1.3% | Added |
| Advisors Asset Management, Inc. | 25,365 | $1.54M | 0.03% | +1,237+5.1% | Added |
| FMR LLC | 25,212 | $1.53M | 0.00% | −13,433−34.8% | Reduced |
| Creative Planning | 24,925 | $1.51M | 0.00% | −497−2.0% | Reduced |
| SEI Investments Co | 24,728 | $1.50M | 0.00% | +2,424+10.9% | Added |
| Convergence Investment Partners, LLC | 24,421 | $1.48M | 0.41% | +351+1.5% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 24,045 | $1.46M | 0.01% | +24,045 | New |
| Yousif Capital Management, LLC | 23,727 | $1.44M | 0.02% | −573−2.4% | Reduced |
| Mackenzie Financial Corp | 23,259 | $1.41M | 0.00% | −67,160−74.3% | Reduced |
| Van Eck Associates Corp | 22,393 | $1.36M | 0.00% | +1,531+7.3% | Added |
| HSBC Holdings PLC | 22,225 | $1.34M | 0.00% | −81,999−78.7% | Reduced |
| Harbor Capital Advisors, Inc. | 22,021 | $1.34M | 0.06% | +5,867+36.3% | Added |
| AdvisorNet Financial, Inc | 21,749 | $1.32M | 0.10% | +234+1.1% | Added |
| Teachers Retirement System of the State of Kentucky | 21,298 | $1.29M | 0.01% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 21,271 | $1.29M | 0.01% | +21,271 | New |
| Natixis Advisors, L.P. | 20,926 | $1.27M | 0.00% | +784+3.9% | Added |
| Arizona State Retirement System | 20,530 | $1.25M | 0.01% | +288+1.4% | Added |
| Lazard Asset Management LLC | 20,560 | $1.25M | 0.00% | +4,286+26.3% | Added |
| Allianz Asset Management GmbH | 20,490 | $1.24M | 0.00% | −2,066−9.2% | Reduced |
| Bank of Montreal | 20,419 | $1.24M | 0.00% | +300+1.5% | Added |
| Louisiana State Employees Retirement System | 20,100 | $1.22M | 0.02% | +200+1.0% | Added |
| Cetera Investment Advisers | 19,969 | $1.21M | 0.00% | −531−2.6% | Reduced |
| Guggenheim Capital LLC | 19,669 | $1.19M | 0.01% | +1,520+8.4% | Added |
| Dynamic Technology Lab Private Ltd | 19,590 | $1.19M | 0.17% | +2,041+11.6% | Added |
| First PREMIER Bank | 19,560 | $1.19M | 0.30% | −1,040−5.0% | Reduced |
| American Century Companies Inc | 19,504 | $1.18M | 0.00% | −1,958−9.1% | Reduced |
| Russell Investments Group, Ltd. | 19,204 | $1.16M | 0.00% | +17,426+980.1% | Added |
| Ensign Peak Advisors, Inc | 18,838 | $1.14M | 0.00% | −2,470−11.6% | Reduced |
| State Board of Administration of Florida Retirement System | 18,834 | $1.14M | 0.00% | +2,242+13.5% | Added |
| Summit Global Investments | 18,682 | $1.13M | 0.08% | +7,135+61.8% | Added |
| JustInvest LLC | 18,431 | $1.12M | 0.02% | −1,115−5.7% | Reduced |
| Alps Advisors Inc | 18,388 | $1.12M | 0.01% | +1,342+7.9% | Added |
| Cozad Asset Management Inc | 18,199 | $1.10M | 0.11% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 18,029 | $1.09M | 0.00% | −972−5.1% | Reduced |
| Kennedy Capital Management, Inc. | 17,448 | $1.06M | 0.03% | −116,510−87.0% | Reduced |
| State of Michigan Retirement System | 17,100 | $1.04M | 0.01% | +200+1.2% | Added |
| XTX Topco Ltd | 16,144 | $979.1K | 0.05% | +16,144 | New |
| Pathstone Holdings, LLC | 16,009 | $971.0K | 0.00% | −556−3.4% | Reduced |
| Sabal Trust CO | 16,000 | $970.4K | 0.05% | 00.0% | Unchanged |
| CIBC World Markets Corp | 15,955 | $967.7K | 0.01% | +9,398+143.3% | Added |
| Northwestern Mutual Investment Management Company, LLC | 15,924 | $965.8K | 0.02% | +17+0.1% | Added |
| Quadrant Capital Group LLC | 15,834 | $960.3K | 0.04% | +12,124+326.8% | Added |
| Police & Firemen's Retirement System of New Jersey | 15,527 | $941.7K | 0.01% | +920+6.3% | Added |
| Commonwealth Equity Services, LLC | 15,449 | $937.0K | 0.00% | +127+0.8% | Added |
| D.A. Davidson & Co. | 15,308 | $928.5K | 0.01% | +2,198+16.8% | Added |
| Creative Financial Designs Inc | 15,276 | $926.5K | 0.07% | −47−0.3% | Reduced |
| Icon Advisers Inc | 15,200 | $921.9K | 0.22% | 00.0% | Unchanged |
| Cornerstone Wealth Management, LLC | 15,153 | $919.0K | 0.06% | −1,088−6.7% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 14,846 | $900.4K | 0.06% | +7,688+107.4% | Added |
| Oregon Public Employees Retirement Fund | 14,622 | $886.8K | 0.02% | +100+0.7% | Added |
| The PNC Financial Services Group, Inc. | 14,592 | $885.0K | 0.00% | +1,217+9.1% | Added |
| Smith, Moore & Co. | 13,832 | $838.9K | 0.08% | −200−1.4% | Reduced |
| KBC Group NV | 13,534 | $821.0K | 0.00% | +10,827+400.0% | Added |
| Fox Run Management, L.L.C. | 13,431 | $814.6K | 0.13% | +1,226+10.0% | Added |
| Exchange Traded Concepts, LLC | 13,318 | $807.7K | 0.01% | +13,318 | New |
| New Mexico Educational Retirement Board | 13,306 | $807.0K | 0.03% | 00.0% | Unchanged |
| Ieq Capital, LLC | 13,263 | $804.4K | 0.01% | +2,267+20.6% | Added |
| Legacy Financial Advisors, Inc. | 13,091 | $794.0K | 0.13% | −284−2.1% | Reduced |
| Miller Howard Investments Inc | 12,845 | $779.0K | 0.02% | +1,040+8.8% | Added |