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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, 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
Westfuller Advisors, LLC1,361$83.8K0.04%+1,361New
Asset Planning,Inc1,426$87.9K0.06%+16+1.1%Added
Rothschild Investment LLC1,444$88.9K0.01%+1,294+862.7%Added
EverSource Wealth Advisors, LLC1,584$97.6K0.00%−2,058−56.5%Reduced
GPS Wealth Strategies Group, LLC1,597$98.4K0.01%00.0%Unchanged
Public Employees Retirement System of Ohio1,605$98.9K0.00%+6+0.4%Added
Hilltop National Bank1,649$101.6K0.03%+749+83.2%Added
Point72 (DIFC) Ltd1,812$111.6K0.01%+1,812New
Massmutual Trust Co FSB1,826$112.5K0.00%00.0%Unchanged
KBC Group NV1,906$117.0K0.00%00.0%Unchanged
Larson Financial Group LLC1,960$120.7K0.00%+930+90.3%Added
Principal Securities, Inc.2,050$126.3K0.00%+50+2.5%Added
Mitsubishi UFJ Trust & Banking Corp2,104$129.6K0.00%+545+35.0%Added
Northwestern Mutual Wealth Management Co2,390$147.2K0.00%+46+2.0%Added
Huntington National Bank2,455$151.2K0.00%+302+14.0%Added
Scarborough Advisors, LLC2,543$156.6K0.03%+29+1.2%Added
Allworth Financial LP2,619$161.3K0.00%+413+18.7%Added
Rockefeller Capital Management L.P.2,765$170.3K0.00%+2,765New
Crewe Advisors LLC3,127$192.6K0.02%+15+0.5%Added
HM Payson & Co3,300$203.2K0.00%+3,300New
Richmond Investment Services, LLC3,328$205.0K0.04%+3,328New
Mirabella Financial Services LLP3,338$205.6K0.02%+3,338New
Swiss Life Asset Management Ltd3,346$206.1K0.00%+3,346New
Jones Financial Companies LLLP3,391$206.5K0.00%+277+8.9%Added
Aigen Investment Management, LP3,437$211.7K0.03%−19,314−84.9%Reduced
SG Americas Securities, LLC3,605$222.0K0.00%−258,406−98.6%Reduced
State of Wyoming3,635$223.9K0.03%−1,747−32.5%Reduced
Lido Advisors, LLC3,657$225.3K0.00%+3,657New
Concurrent Investment Advisors, LLC3,659$225.4K0.00%+75+2.1%Added
J.W. Cole Advisors, Inc.3,661$225.5K0.00%−119−3.1%Reduced
Inceptionr LLC3,705$228.2K0.06%−8,945−70.7%Reduced
Legacy Financial Advisors, Inc.3,711$228.6K0.03%+3,711New
SeaCrest Wealth Management, LLC3,711$229.3K0.02%+64+1.8%Added
Merit Financial Group, LLC3,771$232.2K0.00%+3,771New
NorthCrest Asset Manangement, LLC3,799$232.6K0.01%+3,799New
HB Wealth Management, LLC3,800$234.0K0.00%+3,800New
NorthRock Partners, LLC3,807$234.5K0.00%+3,807New
Crossmark Global Holdings, Inc.3,827$235.7K0.00%00.0%Unchanged
Axq Capital, LP3,839$236.4K0.09%+3,839New
Chilton Capital Management LLC3,843$236.7K0.01%00.0%Unchanged
Rexford Capital Inc3,962$244.0K0.19%+300+8.2%Added
Signaturefd, LLC3,980$245.2K0.00%−273−6.4%Reduced
CIBC Private Wealth Group, LLC4,044$249.1K0.00%00.0%Unchanged
Syon Capital LLC4,059$250.0K0.01%+4,059New
Evergreen Capital Management LLC4,097$252.3K0.01%+4,097New
XTX Topco Ltd4,133$254.6K0.01%−7,825−65.4%Reduced
Financiere des Professionnels - Fonds d,investissement inc.4,138$254.9K0.01%+1,189+40.3%Added
Ballentine Partners, LLC4,182$257.6K0.00%+493+13.4%Added
M&T Bank Corp4,248$261.9K0.00%+3+0.1%Added
Jain Global LLC4,269$262.9K0.00%+4,269New
DekaBank Deutsche Girozentrale4,419$271.0K0.00%00.0%Unchanged
Strategic Blueprint, LLC4,513$277.9K0.01%+841+22.9%Added
Regions Financial Corp4,546$280.0K0.00%+46+1.0%Added
CI Private Wealth, LLC4,600$283.3K0.00%+147+3.3%Added
Ruggaard & Associates LLC4,649$286.3K0.11%00.0%Unchanged
Journey Strategic Wealth LLC4,663$287.2K0.01%+715+18.1%Added
Engineers Gate Manager LP4,746$292.3K0.00%−70,926−93.7%Reduced
Baird Financial Group, Inc.4,871$300.0K0.00%−10.0%Reduced
Platform Technology Partners4,945$304.6K0.07%00.0%Unchanged
MML Investors Services, LLC5,136$316.3K0.00%+5,136New
IFM Investors Pty Ltd5,200$316.7K0.00%00.0%Unchanged
Colony Group, LLC5,272$317.7K0.00%+5,272New
Pinnacle West Asset Management, Inc.5,205$321.0K0.21%00.0%Unchanged
Securian Asset Management, Inc5,422$333.9K0.01%−100−1.8%Reduced
First National Bank Sioux Falls5,483$337.7K0.11%00.0%Unchanged
Monarch Capital Management Inc5,485$337.8K0.08%00.0%Unchanged
NBC Securities, Inc.5,513$339.5K0.03%−446−7.5%Reduced
Polymer Capital Management (US) LLC5,775$355.7K0.05%+5,775New
Brighton Jones LLC5,776$355.8K0.01%+5,776New
Public Employees Retirement Association of Colorado5,801$357.0K0.00%00.0%Unchanged
MQS Management LLC5,820$358.5K0.21%−3,760−39.2%Reduced
Creative Financial Designs Inc5,914$364.2K0.02%−9,089−60.6%Reduced
Mission Wealth Management, LP5,988$368.8K0.01%+61+1.0%Added
Vise Technologies, Inc.6,054$372.9K0.01%+1,134+23.0%Added
RIA Advisory Group LLC6,086$374.9K0.10%+111+1.9%Added
Buckingham Strategic Partners5,825$379.6K0.00%+5,825New
Tower Research Capital LLC (TRC)6,242$384.4K0.01%−1,476−19.1%Reduced
Foundations Investment Advisors, LLC6,299$387.9K0.01%+6,299New
Harbor Capital Advisors, Inc.6,348$391.0K0.03%−15,464−70.9%Reduced
Los Angeles Capital Management LLC6,351$391.2K0.00%−1,845−22.5%Reduced
Clear Creek Financial Management, LLC6,382$393.1K0.03%+333+5.5%Added
Private Advisor Group, LLC6,386$393.3K0.00%−445−6.5%Reduced
Ensign Peak Advisors, Inc6,438$396.5K0.00%−16,435−71.9%Reduced
Moors & Cabot, Inc.6,479$399.0K0.02%00.0%Unchanged
Hilltop Holdings Inc.6,555$403.7K0.02%+6,555New
Kestra Advisory Services, LLC6,720$413.9K0.00%+741+12.4%Added
IFP Advisors, Inc6,735$414.8K0.01%−216−3.1%Reduced
Atria Investments LLC7,180$442.2K0.01%−2,604−26.6%Reduced
Arkadios Wealth Advisors7,235$445.6K0.01%+278+4.0%Added
CWM Advisors, LLC7,347$452.5K0.04%+350+5.0%Added
Pictet Asset Management Holding SA7,376$454.3K0.00%00.0%Unchanged
Blueshift Asset Management, LLC7,645$470.9K0.15%+7,645New
Henshaw Capital LLC7,728$476.0K0.02%−2,913−27.4%Reduced
CIBC Bancorp USA Inc.7,755$477.6K0.00%+7,755New
STRS Ohio7,800$480.4K0.00%+1,600+25.8%Added
Assetmark, Inc7,856$483.9K0.00%+661+9.2%Added
Daiwa Securities Group Inc.7,893$486.0K0.00%−939−10.6%Reduced
Burke & Herbert Bank & Trust Co8,000$492.7K0.11%00.0%Unchanged
HSBC Holdings PLC8,333$511.6K0.00%−2,957−26.2%Reduced
Entropy Technologies, LP8,650$532.8K0.04%−5,856−40.4%Reduced