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, Q3 2025
Institutional positions in Black Hills Corp as of Sep 30, 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
- 432
- +25 vs. Q2 2025
- Shares held
- 65.5M
- +4.30M (+7.0%) vs. Q2 2025
- Total value
- $4.04B
- +$612.2M (+17.9%) vs. Q2 2025
- New holders
- 64
- 163 more added
- Sold out
- 39
- 133 more reduced
6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: 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, Q3 2025
Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 11,336,083 | $698.2M | 0.01% | +14,187+0.1% | Added |
| Vanguard Group Inc | 8,990,841 | $553.7M | 0.01% | +225,636+2.6% | Added |
| State Street Corp | 3,837,014 | $236.3M | 0.01% | −4,601−0.1% | Reduced |
| Macquarie Group Ltd | 2,224,795 | $137.0M | 0.16% | −173,494−7.2% | Reduced |
| Geode Capital Management, LLC | 1,839,307 | $113.3M | 0.01% | +16,951+0.9% | Added |
| Capital Research Global Investors | 1,641,122 | $101.1M | 0.02% | 00.0% | Unchanged |
| AQR Capital Management LLC | 1,374,050 | $84.6M | 0.05% | +474,947+52.8% | Added |
| Fuller & Thaler Asset Management, Inc. | 1,325,970 | $81.7M | 0.28% | −2,759−0.2% | Reduced |
| Nuveen, LLC | 1,269,990 | $78.2M | 0.02% | +244,491+23.8% | Added |
| Charles Schwab Investment Management Inc | 1,200,635 | $73.9M | 0.01% | −5,298−0.4% | Reduced |
| Cohen & Steers, Inc. | 1,176,624 | $72.5M | 0.13% | +1,176,624 | New |
| Zimmer Partners, LP | 1,100,020 | $67.8M | 1.66% | +1,050,020+2,100.0% | Added |
| Dimensional Fund Advisors LP | 1,099,293 | $67.7M | 0.01% | +21,922+2.0% | Added |
| Northern Trust Corp | 957,493 | $59.0M | 0.01% | −5,259−0.5% | Reduced |
| Goldman Sachs Group Inc | 937,390 | $57.7M | 0.01% | +344,216+58.0% | Added |
| Jane Street Group, LLC | 925,749 | $57.0M | 0.07% | +823,614+806.4% | Added |
| First Trust Advisors LP | 870,973 | $53.6M | 0.04% | −22,123−2.5% | Reduced |
| Bank of New York Mellon Corp | 853,836 | $52.6M | 0.01% | −13,884−1.6% | Reduced |
| Invesco Ltd. | 818,348 | $50.4M | 0.01% | +34,595+4.4% | Added |
| ProShare Advisors LLC | 736,014 | $45.3M | 0.09% | +71,963+10.8% | Added |
| Victory Capital Management Inc | 727,443 | $44.8M | 0.03% | +19,869+2.8% | Added |
| Balyasny Asset Management LLC | 664,080 | $40.9M | 0.08% | +658,017+10,853.0% | Added |
| Morgan Stanley | 618,653 | $38.1M | 0.00% | −18,543−2.9% | Reduced |
| JPMorgan Chase & Co | 618,131 | $38.1M | 0.00% | +249,640+67.7% | Added |
| Franklin Resources Inc | 589,261 | $35.6M | 0.01% | −455,904−43.6% | Reduced |
| Adage Capital Partners GP, L.L.C. | 575,000 | $35.4M | 0.06% | +475,000+475.0% | Added |
| Citadel Advisors LLC | 539,801 | $33.2M | 0.03% | +427,138+379.1% | Added |
| Gabelli Funds LLC | 538,245 | $33.2M | 0.22% | +372+0.1% | Added |
| Bank of America Corp | 530,706 | $32.7M | 0.00% | +19,105+3.7% | Added |
| Two Sigma Investments, LP | 525,653 | $32.4M | 0.05% | +361,751+220.7% | Added |
| Janus Henderson Group PLC | 453,399 | $27.9M | 0.01% | −3,759−0.8% | Reduced |
| Crawford Investment Counsel Inc | 447,651 | $27.6M | 0.46% | +324,931+264.8% | Added |
| Old Republic International Corporation | 416,000 | $25.6M | 0.95% | 00.0% | Unchanged |
| Hotchkis & Wiley Capital Management LLC | 404,131 | $24.9M | 0.08% | +16,026+4.1% | Added |
| Manufacturers Life Insurance Company, The | 394,453 | $24.3M | 0.02% | −4,177−1.0% | Reduced |
| Duff & Phelps Investment Management Co | 389,700 | $24.0M | 0.27% | 00.0% | Unchanged |
| Legal & General Group Plc | 376,155 | $23.2M | 0.01% | −17,632−4.5% | Reduced |
| Invenomic Capital Management LP | 318,356 | $19.6M | 1.03% | +318,356 | New |
| UBS Group AG | 306,763 | $18.9M | 0.00% | +36,460+13.5% | Added |
| Voya Investment Management LLC | 269,971 | $16.6M | 0.02% | −4,254−1.6% | Reduced |
| California Public Employees Retirement System | 254,446 | $15.7M | 0.01% | −41,400−14.0% | Reduced |
| Rhumbline Advisers | 241,567 | $14.9M | 0.01% | −3,552−1.4% | Reduced |
| Brandywine Global Investment Management, LLC | 239,517 | $14.8M | 0.10% | −8,823−3.6% | Reduced |
| Paradiem, LLC | 234,833 | $14.5M | 3.37% | +210,333+858.5% | Added |
| Renaissance Technologies LLC | 232,500 | $14.3M | 0.02% | +60,400+35.1% | Added |
| Glenmede Investment Management, LP | 208,954 | $12.9M | 0.06% | −8,339−3.8% | Reduced |
| Gamco Investors, Inc. Et Al | 207,428 | $12.8M | 0.12% | −554−0.3% | Reduced |
| Prudential Financial Inc | 188,909 | $11.6M | 0.01% | −178,325−48.6% | Reduced |
| HighTower Advisors, LLC | 187,539 | $11.6M | 0.01% | +14,144+8.2% | Added |
| Phocas Financial Corp. | 174,660 | $10.8M | 1.39% | +3,600+2.1% | Added |
| Barclays PLC | 166,377 | $10.2M | 0.00% | −26,317−13.7% | Reduced |
| Principal Financial Group Inc | 164,194 | $10.1M | 0.01% | −54,745−25.0% | Reduced |
| Hunter Perkins Capital Management, LLC | 152,539 | $9.39M | 2.08% | −41,001−21.2% | Reduced |
| Freestone Grove Partners LP | 148,412 | $9.14M | 0.07% | +148,412 | New |
| FMR LLC | 148,327 | $9.14M | 0.00% | +753+0.5% | Added |
| Squarepoint Ops LLC | 146,375 | $9.02M | 0.02% | +113,137+340.4% | Added |
| Leeward Investments, LLC - MA | 142,359 | $8.77M | 0.45% | −3,202−2.2% | Reduced |
| Swiss National Bank | 140,579 | $8.66M | 0.01% | +2,900+2.1% | Added |
| Alliancebernstein L.P. | 138,460 | $8.53M | 0.00% | −6,718−4.6% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 137,130 | $8.45M | 0.04% | −2,384−1.7% | Reduced |
| Mutual of America Capital Management LLC | 131,205 | $8.08M | 0.09% | −6,781−4.9% | Reduced |
| D. E. Shaw & Co., Inc. | 125,771 | $7.75M | 0.01% | +125,771 | New |
| Martin Capital Partners, LLC | 124,490 | $7.67M | 2.97% | +18,454+17.4% | Added |
| First Eagle Investment Management, LLC | 123,670 | $7.62M | 0.01% | −18,791−13.2% | Reduced |
| Ameriprise Financial Inc | 122,378 | $7.54M | 0.00% | −16,263−11.7% | Reduced |
| UBS Asset Management Americas Inc | 121,644 | $7.49M | 0.00% | −84,032−40.9% | Reduced |
| Algert Global LLC | 120,604 | $7.43M | 0.12% | +85,840+246.9% | Added |
| Millennium Management LLC | 118,750 | $7.31M | 0.01% | −458,241−79.4% | Reduced |
| Verition Fund Management LLC | 117,603 | $7.24M | 0.04% | +70,321+148.7% | Added |
| Two Sigma Advisers, LP | 116,498 | $7.18M | 0.01% | +298+0.3% | Added |
| Thrivent Financial for Lutherans | 113,497 | $6.99M | 0.01% | −25,195−18.2% | Reduced |
| Russell Investments Group, Ltd. | 110,911 | $6.83M | 0.01% | +52,180+88.8% | Added |
| Stifel Financial Corp | 107,807 | $6.64M | 0.01% | +8,231+8.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 101,264 | $6.24M | 0.02% | +23,864+30.8% | Added |
| Dark Forest Capital Management LP | 100,003 | $6.16M | 0.23% | −6,270−5.9% | Reduced |
| SEI Investments Co | 99,979 | $6.16M | 0.01% | +77,344+341.7% | Added |
| Mairs & Power Inc | 97,649 | $6.01M | 0.06% | −11,749−10.7% | Reduced |
| Wells Fargo & Company | 94,026 | $5.79M | 0.00% | +7,256+8.4% | Added |
| Congress Asset Management Co | 93,384 | $5.75M | 0.04% | −308−0.3% | Reduced |
| Royal Bank of Canada | 91,362 | $5.63M | 0.00% | −107,892−54.1% | Reduced |
| Raymond James Financial Inc | 90,851 | $5.60M | 0.00% | −251−0.3% | Reduced |
| Retirement Systems of Alabama | 88,083 | $5.43M | 0.02% | −540−0.6% | Reduced |
| Schonfeld Strategic Advisors LLC | 85,087 | $5.24M | 0.04% | +81,472+2,253.7% | Added |
| Meritage Portfolio Management | 84,369 | $5.20M | 0.35% | −1,215−1.4% | Reduced |
| Martingale Asset Management L P | 82,255 | $5.07M | 0.13% | +511+0.6% | Added |
| Meeder Asset Management Inc | 81,954 | $5.05M | 0.29% | +20,765+33.9% | Added |
| Burney Co | 79,086 | $4.87M | 0.15% | +1,690+2.2% | Added |
| Benson Investment Management Company, Inc. | 78,665 | $4.84M | 1.66% | +530+0.7% | Added |
| MetLife Investment Management | 78,656 | $4.84M | 0.02% | +78,656 | New |
| South Dakota Investment Council | 75,075 | $4.62M | 0.09% | −2,100−2.7% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 73,524 | $4.53M | 0.01% | +16,572+29.1% | Added |
| New York State Teachers Retirement System | 73,390 | $4.52M | 0.01% | 00.0% | Unchanged |
| Ontario Teachers Pension Plan Board | 71,611 | $4.41M | 0.10% | −22,512−23.9% | Reduced |
| California State Teachers Retirement System | 70,553 | $4.35M | 0.00% | +40.0% | Added |
| Cerity Partners LLC | 69,875 | $4.30M | 0.01% | +29,350+72.4% | Added |
| Ieq Capital, LLC | 68,927 | $4.25M | 0.01% | +58,140+539.0% | Added |
| Price T Rowe Associates Inc | 68,723 | $4.23M | 0.00% | +3,507+5.4% | Added |
| Cubist Systematic Strategies, LLC | 65,919 | $4.06M | 0.06% | −271,840−80.5% | Reduced |
| Arrowstreet Capital, Limited Partnership | 65,327 | $4.02M | 0.00% | −89,090−57.7% | Reduced |
| Alta Capital Management LLC | 63,263 | $3.90M | 0.22% | +4,306+7.3% | Added |