Skip to main content

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.

Institutional holdersQ3 2025: 432 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 heldQ3 2025: $4.04B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q2 2025.

Institutions holding BKH in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Cloud Capital Management, LLC6$00.00%+6New
Rialto Wealth Management, LLC2$1240.00%+1+100.0%Added
Leonteq Securities AG3$1850.00%00.0%Unchanged
HFM Investment Advisors, LLC3$1850.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC4$2460.00%00.0%Unchanged
SJS Investment Consulting Inc.5$3080.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.6$3590.00%−1−14.3%Reduced
Financial Management Professionals, Inc.6$3700.00%00.0%Unchanged
CVA Family Office, LLC9$5540.00%00.0%Unchanged
MV Capital Management, Inc.9$5550.00%00.0%Unchanged
Caitlin John, LLC9$5840.00%+9New
South State Corp.10$6160.00%00.0%Unchanged
Sachetta, LLC10$6160.00%00.0%Unchanged
Spire Wealth Management13$8010.00%−535−97.6%Reduced
Kilter Group LLC13$8010.00%+1+8.3%Added
Bare Financial Services, Inc13$8010.00%+13New
Avion Wealth20$1.00K0.00%00.0%Unchanged
Capital Advisors, Ltd. LLC14$1.00K0.00%+14New
WPG Advisers, LLC19$1.17K0.00%−31−62.0%Reduced
JFS Wealth Advisors, LLC27$1.66K0.00%−3−10.0%Reduced
Cornerstone Planning Group LLC27$1.72K0.00%00.0%Unchanged
Fortitude Family Office, LLC32$1.97K0.00%+9+39.1%Added
Bell Investment Advisors, Inc36$2.22K0.00%−16−30.8%Reduced
Private Trust Co NA40$2.46K0.00%00.0%Unchanged
Parkside Financial Bank & Trust50$3.08K0.00%+35+233.3%Added
Sound Income Strategies, LLC52$3.19K0.00%00.0%Unchanged
JPL Wealth Management, LLC57$3.51K0.00%+57New
Root Financial Partners, LLC74$4.56K0.00%+74New
Truvestments Capital LLC81$4.99K0.00%−55−40.4%Reduced
Turning Point Benefit Group, Inc.89$5.38K0.00%+89New
True Wealth Design, LLC95$5.85K0.00%+94+9,400.0%Added
Private Wealth Management Group, LLC97$5.97K0.00%00.0%Unchanged
St. Johns Investment Management Company, LLC100$6.16K0.00%00.0%Unchanged
Financial Perspectives, Inc100$6.16K0.00%00.0%Unchanged
Advantage Trust Co100$6.16K0.00%00.0%Unchanged
Clark Wealth Partners100$6.94K0.00%+100New
UMA Financial Services, Inc.113$6.96K0.00%+55+94.8%Added
Hemington Wealth Management119$7.00K0.00%−11−8.5%Reduced
MAI Capital Management146$8.99K0.00%−283−66.0%Reduced
Cypress Capital Management LLC (WY)150$9.24K0.01%00.0%Unchanged
GHP Investment Advisors, Inc.159$9.79K0.00%−222−58.3%Reduced
Steward Partners Investment Advisory, LLC165$10.2K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd176$10.8K0.01%−147−45.5%Reduced
HHM Wealth Advisors, LLC210$12.9K0.00%+210New
Hopwood Financial Services, Inc.216$13.3K0.01%00.0%Unchanged
Aster Capital Management (DIFC) Ltd240$14.8K0.01%−948−79.8%Reduced
Byrne Asset Management LLC250$15.4K0.01%−901−78.3%Reduced
First Horizon Corp264$16.3K0.00%+264New
LRI Investments, LLC268$16.5K0.00%00.0%Unchanged
Bogart Wealth, LLC271$16.7K0.00%+2+0.7%Added
Rise Advisors, LLC277$17.0K0.01%+4+1.5%Added
SBI Securities Co., Ltd.283$17.4K0.00%−46−14.0%Reduced
St Germain D J Co Inc286$17.6K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC300$18.5K0.00%+300New
Point72 Europe (London) LLP322$19.8K0.00%+322New
Covestor Ltd328$20.0K0.01%−3,249−90.8%Reduced
Quent Capital, LLC326$20.1K0.00%+326New
Atlantic Trust, LLC369$22.7K0.00%−103−21.8%Reduced
Wealthspire Advisors, LLC372$22.9K0.00%+372New
Central Trust Co400$24.6K0.00%00.0%Unchanged
Tompkins Financial Corp400$24.6K0.00%00.0%Unchanged
Eastern Bank400$24.6K0.00%00.0%Unchanged
Canton Hathaway, LLC400$25.0K0.00%00.0%Unchanged
Quarry LP426$26.2K0.01%−417−49.5%Reduced
Optiver Holding B.V.447$27.5K0.00%−242−35.1%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.456$28.1K0.00%00.0%Unchanged
Clarity Asset Management, Inc.489$30.1K0.02%+5+1.0%Added
Versant Capital Management, Inc490$30.2K0.00%+1+0.2%Added
Hussman Strategic Advisors, Inc.500$30.8K0.01%00.0%Unchanged
IMA Wealth, Inc.500$30.8K0.00%00.0%Unchanged
Bessemer Group Inc498$31.0K0.00%−232,450−99.8%Reduced
Global Retirement Partners, LLC520$32.0K0.00%−72−12.2%Reduced
WealthCollab, LLC525$32.3K0.01%00.0%Unchanged
TD Waterhouse Canada Inc.550$33.3K0.00%00.0%Unchanged
Smartleaf Asset Management LLC576$35.2K0.00%+328+132.3%Added
Pathway Financial Advisers, LLC613$37.7K0.01%+613New
Umb Bank N A632$38.9K0.00%−19−2.9%Reduced
Gen-Wealth Partners Inc634$39.0K0.01%00.0%Unchanged
Ronald Blue Trust, Inc.641$39.5K0.00%+176+37.8%Added
Advisory Services Network, LLC727$44.8K0.00%+727New
GAMMA Investing LLC734$45.2K0.00%+92+14.3%Added
North Star Investment Management Corp.750$46.2K0.00%00.0%Unchanged
Fifth Third Bancorp753$46.4K0.00%+54+7.7%Added
Clearstead Advisors, LLC778$47.9K0.00%+699+884.8%Added
Bartlett & Co. Wealth Management LLC800$49.3K0.00%00.0%Unchanged
Geneos Wealth Management Inc.862$53.1K0.00%−175−16.9%Reduced
GWM Advisors LLC880$54.2K0.00%00.0%Unchanged
Sunbelt Securities, Inc.946$58.3K0.00%−750−44.2%Reduced
Shell Asset Management Co958$59.0K0.01%−1,492−60.9%Reduced
Nomura Asset Management Co Ltd980$60.4K0.00%00.0%Unchanged
Rocky Mountain Advisers, LLC1,000$61.6K0.02%00.0%Unchanged
City State Bank1,000$61.6K0.02%00.0%Unchanged
Federation des caisses Desjardins du Quebec1,000$61.6K0.00%00.0%Unchanged
Pingora Partners LLC1,000$61.6K0.04%+1,000New
Essential Partners LLC1,092$67.3K0.02%+1,092New
Parallel Advisors, LLC1,179$72.6K0.00%+352+42.6%Added
Smithfield Trust Co1,175$73.0K0.00%00.0%Unchanged
Harbour Investments, Inc.1,200$73.9K0.00%00.0%Unchanged
CoreCap Advisors, LLC1,355$83.5K0.00%−69−4.8%Reduced
Farther Finance Advisors, LLC1,360$83.8K0.00%−186−12.0%Reduced