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 |
|---|---|---|---|---|---|
| Quantbot Technologies LP | 8,743 | $538.5K | 0.01% | −26,084−74.9% | Reduced |
| Meeder Advisory Services, Inc. | 9,047 | $557.2K | 0.03% | −680−7.0% | Reduced |
| Intrua Financial, LLC | 9,327 | $574.4K | 0.07% | +261+2.9% | Added |
| Eagle Harbor Asset Management Inc | 9,340 | $575.3K | 0.50% | +1,284+15.9% | Added |
| DRW Securities, LLC | 9,514 | $586.4K | 0.03% | +9,514 | New |
| Lighthouse Investment Partners, LLC | 9,588 | $590.5K | 0.02% | +9,588 | New |
| O'Shaughnessy Asset Management, LLC | 9,930 | $611.6K | 0.00% | −3,249−24.7% | Reduced |
| State of Alaska, Department of Revenue | 10,040 | $617.0K | 0.01% | +1,903+23.4% | Added |
| Xponance, Inc. | 10,251 | $631.4K | 0.00% | +10.0% | Added |
| Point72 Hong Kong Ltd | 10,344 | $637.1K | 0.03% | +8,835+585.5% | Added |
| Commonwealth Equity Services, LLC | 10,671 | $657.0K | 0.00% | −19−0.2% | Reduced |
| Bahl & Gaynor Inc | 10,850 | $668.3K | 0.00% | −55−0.5% | Reduced |
| Navellier & Associates Inc | 11,018 | $678.6K | 0.07% | +2,182+24.7% | Added |
| Uncommon Cents Investing LLC | 11,105 | $684.0K | 0.17% | +90+0.8% | Added |
| Teacher Retirement System of Texas | 11,228 | $691.5K | 0.00% | +296+2.7% | Added |
| Hantz Financial Services, Inc. | 11,766 | $725.0K | 0.01% | −634−5.1% | Reduced |
| Fox Run Management, L.L.C. | 12,106 | $745.6K | 0.12% | −6,206−33.9% | Reduced |
| Captrust Financial Advisors | 12,180 | $750.2K | 0.00% | +4,545+59.5% | Added |
| Icon Advisers Inc | 12,237 | $753.7K | 0.16% | 00.0% | Unchanged |
| CSS LLC | 12,248 | $754.4K | 0.04% | +1,440+13.3% | Added |
| Guggenheim Capital LLC | 12,275 | $756.0K | 0.01% | −7,923−39.2% | Reduced |
| RSM US Wealth Management LLC | 12,319 | $758.7K | 0.01% | +2,598+26.7% | Added |
| Simplex Trading, LLC | 12,387 | $762.0K | 0.02% | +10,782+671.8% | Added |
| Roehl & Yi Investment Advisors, LLC | 12,543 | $772.5K | 0.34% | +1,455+13.1% | Added |
| Neuberger Berman Group LLC | 12,606 | $776.4K | 0.00% | +605+5.0% | Added |
| Natixis Advisors, L.P. | 12,659 | $780.0K | 0.00% | +2,423+23.7% | Added |
| Smith, Moore & Co. | 12,677 | $780.8K | 0.06% | −100−0.8% | Reduced |
| Huber Capital Management LLC | 12,766 | $786.3K | 0.12% | −1,332−9.4% | Reduced |
| New Mexico Educational Retirement Board | 13,306 | $820.0K | 0.03% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 13,369 | $823.4K | 0.00% | −385−2.8% | Reduced |
| Exchange Traded Concepts, LLC | 13,525 | $833.0K | 0.01% | −53−0.4% | Reduced |
| Quantinno Capital Management LP | 13,665 | $841.7K | 0.00% | +4,413+47.7% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 13,956 | $859.5K | 0.00% | 00.0% | Unchanged |
| Miller Howard Investments Inc | 14,140 | $870.9K | 0.03% | +577+4.3% | Added |
| CWA Asset Management Group, LLC | 14,251 | $877.7K | 0.03% | +1,574+12.4% | Added |
| HRT Financial LP | 14,512 | $893.0K | 0.00% | −1,239−7.9% | Reduced |
| Oregon Public Employees Retirement Fund | 14,622 | $900.6K | 0.01% | −200−1.3% | Reduced |
| Point72 Asset Management, L.P. | 14,652 | $902.4K | 0.00% | +14,652 | New |
| Picton Mahoney Asset Management | 15,535 | $956.0K | 0.01% | +15,516+81,663.2% | Added |
| Quadrant Capital Group LLC | 15,632 | $962.8K | 0.03% | +651+4.3% | Added |
| Sequoia Financial Advisors, LLC | 15,782 | $972.0K | 0.01% | +4,801+43.7% | Added |
| Sterling Capital Management LLC | 15,817 | $974.2K | 0.01% | +13,831+696.4% | Added |
| Wealth Enhancement Advisory Services, LLC | 15,944 | $976.1K | 0.00% | +7,314+84.8% | Added |
| D.A. Davidson & Co. | 16,123 | $993.1K | 0.01% | +883+5.8% | Added |
| Northwestern Mutual Investment Management Company, LLC | 16,239 | $1.00M | 0.01% | +49+0.3% | Added |
| State Board of Administration of Florida Retirement System | 16,409 | $1.01M | 0.00% | +3,429+26.4% | Added |
| Cornerstone Wealth Management, LLC | 16,640 | $1.02M | 0.06% | +629+3.9% | Added |
| SRS Capital Advisors, Inc. | 16,655 | $1.03M | 0.01% | +16,429+7,269.5% | Added |
| Burford Brothers, Inc. | 16,667 | $1.03M | 0.44% | +16,667 | New |
| Kestra Investment Management, LLC | 16,876 | $1.04M | 0.03% | −6,964−29.2% | Reduced |
| Bridgeway Capital Management, LLC | 17,000 | $1.05M | 0.02% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 17,274 | $1.06M | 0.00% | −502,066−96.7% | Reduced |
| State of Michigan Retirement System | 17,300 | $1.07M | 0.01% | −100−0.6% | Reduced |
| Pacer Advisors, Inc. | 17,381 | $1.07M | 0.00% | +17,381 | New |
| Landscape Capital Management, L.L.C. | 17,487 | $1.08M | 0.07% | +9,903+130.6% | Added |
| Advisor Group Holdings, Inc. | 18,384 | $1.12M | 0.00% | +9,316+102.7% | Added |
| Cozad Asset Management Inc | 18,199 | $1.12M | 0.09% | 00.0% | Unchanged |
| Bank of Montreal | 18,434 | $1.14M | 0.00% | −940−4.9% | Reduced |
| Eagle Global Advisors LLC | 18,740 | $1.15M | 0.04% | +18,740 | New |
| Summit Global Investments | 18,902 | $1.16M | 0.07% | +302+1.6% | Added |
| Man Group plc | 18,902 | $1.16M | 0.00% | +18,902 | New |
| American Century Companies Inc | 19,008 | $1.17M | 0.00% | −84−0.4% | Reduced |
| First PREMIER Bank | 19,489 | $1.20M | 0.27% | −344−1.7% | Reduced |
| Horizon Investments, LLC | 19,807 | $1.22M | 0.02% | +726+3.8% | Added |
| AdvisorNet Financial, Inc | 19,935 | $1.23M | 0.07% | −790−3.8% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 20,128 | $1.24M | 0.01% | +3,625+22.0% | Added |
| Louisiana State Employees Retirement System | 20,300 | $1.25M | 0.02% | −100−0.5% | Reduced |
| Mercer Global Advisors Inc | 20,599 | $1.27M | 0.00% | +14,676+247.8% | Added |
| Teachers Retirement System of the State of Kentucky | 21,298 | $1.31M | 0.01% | 00.0% | Unchanged |
| John Boyer, Inc. | 21,354 | $1.31M | 1.31% | +21,354 | New |
| Lazard Asset Management LLC | 21,352 | $1.32M | 0.00% | 00.0% | Unchanged |
| Arizona State Retirement System | 21,456 | $1.32M | 0.01% | +418+2.0% | Added |
| Voloridge Investment Management, LLC | 21,976 | $1.35M | 0.00% | −14,187−39.2% | Reduced |
| Quest Partners LLC | 21,978 | $1.35M | 0.09% | +21,978 | New |
| Yousif Capital Management, LLC | 22,156 | $1.36M | 0.01% | −1,404−6.0% | Reduced |
| JustInvest LLC | 22,211 | $1.37M | 0.01% | +3,331+17.6% | Added |
| Pathstone Holdings, LLC | 22,290 | $1.37M | 0.01% | +6,375+40.1% | Added |
| State of Tennessee, Treasury Department | 23,771 | $1.46M | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 23,830 | $1.47M | 0.00% | +8,541+55.9% | Added |
| Convergence Investment Partners, LLC | 24,247 | $1.49M | 0.34% | −216−0.9% | Reduced |
| Buckley Wealth Management, LLC | 25,631 | $1.58M | 0.43% | +16,810+190.6% | Added |
| Van Eck Associates Corp | 26,208 | $1.61M | 0.00% | +154+0.6% | Added |
| Bollard Group LLC | 27,645 | $1.70M | 0.04% | +698+2.6% | Added |
| Barnett & Company, Inc. | 28,400 | $1.75M | 1.35% | +14,600+105.8% | Added |
| Cetera Investment Advisers | 28,472 | $1.75M | 0.00% | +7,833+38.0% | Added |
| Advisors Asset Management, Inc. | 28,741 | $1.77M | 0.03% | +1,169+4.2% | Added |
| Avantax Planning Partners, Inc. | 29,193 | $1.80M | 0.05% | +43+0.1% | Added |
| Greenland Capital Management LP | 29,573 | $1.82M | 0.27% | +17,280+140.6% | Added |
| DC Investments Management, LLC | 29,900 | $1.84M | 0.76% | 00.0% | Unchanged |
| Elo Mutual Pension Insurance Co | 30,113 | $1.85M | 0.03% | +30,113 | New |
| US Bancorp | 30,526 | $1.88M | 0.00% | +18,965+164.0% | Added |
| Amalgamated Bank | 32,085 | $1.98M | 0.01% | +234+0.7% | Added |
| Capital Fund Management S.A. | 32,104 | $1.98M | 0.02% | +32,104 | New |
| Comerica Bank | 32,295 | $1.99M | 0.01% | −1,704−5.0% | Reduced |
| Alps Advisors Inc | 32,720 | $2.02M | 0.01% | +14,464+79.2% | Added |
| Marshall Wace, LLP | 33,345 | $2.05M | 0.00% | +33,345 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 33,794 | $2.08M | 0.00% | −6,079−15.2% | Reduced |
| BTG Pactual Asset Management US LLC | 34,012 | $2.09M | 0.25% | +34,012 | New |
| State of New Jersey Common Pension Fund D | 35,617 | $2.19M | 0.01% | +2,896+8.9% | Added |
| Polaris Capital Management, LLC | 36,400 | $2.24M | 0.15% | +36,400 | New |