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 |
|---|---|---|---|---|---|
| Creative Planning | 37,518 | $2.31M | 0.00% | +11,988+47.0% | Added |
| Brinker Capital Investments, LLC | 39,501 | $2.43M | 0.02% | +39,501 | New |
| Ameritas Investment Partners, Inc. | 39,984 | $2.46M | 0.08% | −1,626−3.9% | Reduced |
| Intech Investment Management LLC | 41,268 | $2.54M | 0.02% | +2,408+6.2% | Added |
| Allianz Asset Management GmbH | 41,295 | $2.54M | 0.00% | −7,284−15.0% | Reduced |
| Great West Life Assurance Co | 41,798 | $2.56M | 0.00% | +771+1.9% | Added |
| Riverwater Partners LLC | 41,579 | $2.56M | 1.06% | +80.0% | Added |
| First Manhattan Co | 42,827 | $2.64M | 0.01% | −588−1.4% | Reduced |
| CWM, LLC | 42,903 | $2.64M | 0.01% | +33,934+378.3% | Added |
| AMG National Trust Bank | 43,438 | $2.68M | 0.07% | +4,486+11.5% | Added |
| Mariner, LLC | 44,241 | $2.72M | 0.00% | +14,296+47.7% | Added |
| Y-Intercept (Hong Kong) Ltd | 45,172 | $2.78M | 0.07% | −56,802−55.7% | Reduced |
| Lesa Sroufe & Co | 45,833 | $2.82M | 2.28% | +216+0.5% | Added |
| Susquehanna Fundamental Investments, LLC | 46,061 | $2.84M | 0.11% | −44,808−49.3% | Reduced |
| Citigroup Inc | 46,465 | $2.86M | 0.00% | −18,525−28.5% | Reduced |
| Hennessy Advisors Inc | 46,847 | $2.89M | 0.10% | −6,800−12.7% | Reduced |
| LPL Financial LLC | 47,037 | $2.90M | 0.00% | +8,340+21.6% | Added |
| New York State Common Retirement Fund | 47,242 | $2.91M | 0.00% | 00.0% | Unchanged |
| Farmers & Merchants Investments Inc | 47,364 | $2.92M | 0.08% | −134−0.3% | Reduced |
| Nisa Investment Advisors, LLC | 47,424 | $2.92M | 0.01% | −6,373−11.8% | Reduced |
| Magellan Asset Management Ltd | 48,098 | $2.96M | 0.04% | +2,554+5.6% | Added |
| Cambridge Investment Research Advisors, Inc. | 48,328 | $2.98M | 0.01% | +3,246+7.2% | Added |
| Mackenzie Financial Corp | 51,936 | $3.20M | 0.00% | +8,990+20.9% | Added |
| State of Wisconsin Investment Board | 52,197 | $3.21M | 0.01% | −2,208−4.1% | Reduced |
| John G Ullman & Associates Inc | 52,291 | $3.22M | 0.43% | −650−1.2% | Reduced |
| Deutsche Bank AG | 52,679 | $3.24M | 0.00% | −97,657−65.0% | Reduced |
| Midwest Trust Co | 53,609 | $3.30M | 0.04% | −563−1.0% | Reduced |
| Federated Hermes, Inc. | 57,099 | $3.52M | 0.01% | +1,170+2.1% | Added |
| Warren Averett Asset Management, LLC | 57,129 | $3.52M | 0.04% | +3,421+6.4% | Added |
| Boston Partners | 61,260 | $3.77M | 0.00% | −3,408−5.3% | Reduced |
| Envestnet Asset Management Inc | 61,708 | $3.80M | 0.00% | +10,040+19.4% | Added |
| Segall Bryant & Hamill, LLC | 62,793 | $3.87M | 0.05% | +31,529+100.8% | Added |
| Alta Capital Management LLC | 63,263 | $3.90M | 0.22% | +4,306+7.3% | Added |
| Arrowstreet Capital, Limited Partnership | 65,327 | $4.02M | 0.00% | −89,090−57.7% | Reduced |
| Cubist Systematic Strategies, LLC | 65,919 | $4.06M | 0.06% | −271,840−80.5% | Reduced |
| Price T Rowe Associates Inc | 68,723 | $4.23M | 0.00% | +3,507+5.4% | Added |
| Ieq Capital, LLC | 68,927 | $4.25M | 0.01% | +58,140+539.0% | Added |
| Cerity Partners LLC | 69,875 | $4.30M | 0.01% | +29,350+72.4% | Added |
| California State Teachers Retirement System | 70,553 | $4.35M | 0.00% | +40.0% | Added |
| Ontario Teachers Pension Plan Board | 71,611 | $4.41M | 0.10% | −22,512−23.9% | Reduced |
| New York State Teachers Retirement System | 73,390 | $4.52M | 0.01% | 00.0% | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 73,524 | $4.53M | 0.01% | +16,572+29.1% | Added |
| South Dakota Investment Council | 75,075 | $4.62M | 0.09% | −2,100−2.7% | Reduced |
| MetLife Investment Management | 78,656 | $4.84M | 0.02% | +78,656 | New |
| Benson Investment Management Company, Inc. | 78,665 | $4.84M | 1.66% | +530+0.7% | Added |
| Burney Co | 79,086 | $4.87M | 0.15% | +1,690+2.2% | Added |
| Meeder Asset Management Inc | 81,954 | $5.05M | 0.29% | +20,765+33.9% | Added |
| Martingale Asset Management L P | 82,255 | $5.07M | 0.13% | +511+0.6% | Added |
| Meritage Portfolio Management | 84,369 | $5.20M | 0.35% | −1,215−1.4% | Reduced |
| Schonfeld Strategic Advisors LLC | 85,087 | $5.24M | 0.04% | +81,472+2,253.7% | Added |
| Retirement Systems of Alabama | 88,083 | $5.43M | 0.02% | −540−0.6% | Reduced |
| Raymond James Financial Inc | 90,851 | $5.60M | 0.00% | −251−0.3% | Reduced |
| Royal Bank of Canada | 91,362 | $5.63M | 0.00% | −107,892−54.1% | Reduced |
| Congress Asset Management Co | 93,384 | $5.75M | 0.04% | −308−0.3% | Reduced |
| Wells Fargo & Company | 94,026 | $5.79M | 0.00% | +7,256+8.4% | Added |
| Mairs & Power Inc | 97,649 | $6.01M | 0.06% | −11,749−10.7% | Reduced |
| SEI Investments Co | 99,979 | $6.16M | 0.01% | +77,344+341.7% | Added |
| Dark Forest Capital Management LP | 100,003 | $6.16M | 0.23% | −6,270−5.9% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 101,264 | $6.24M | 0.02% | +23,864+30.8% | Added |
| Stifel Financial Corp | 107,807 | $6.64M | 0.01% | +8,231+8.3% | Added |
| Russell Investments Group, Ltd. | 110,911 | $6.83M | 0.01% | +52,180+88.8% | Added |
| Thrivent Financial for Lutherans | 113,497 | $6.99M | 0.01% | −25,195−18.2% | Reduced |
| Two Sigma Advisers, LP | 116,498 | $7.18M | 0.01% | +298+0.3% | Added |
| Verition Fund Management LLC | 117,603 | $7.24M | 0.04% | +70,321+148.7% | Added |
| Millennium Management LLC | 118,750 | $7.31M | 0.01% | −458,241−79.4% | Reduced |
| Algert Global LLC | 120,604 | $7.43M | 0.12% | +85,840+246.9% | Added |
| UBS Asset Management Americas Inc | 121,644 | $7.49M | 0.00% | −84,032−40.9% | Reduced |
| Ameriprise Financial Inc | 122,378 | $7.54M | 0.00% | −16,263−11.7% | Reduced |
| First Eagle Investment Management, LLC | 123,670 | $7.62M | 0.01% | −18,791−13.2% | Reduced |
| Martin Capital Partners, LLC | 124,490 | $7.67M | 2.97% | +18,454+17.4% | Added |
| D. E. Shaw & Co., Inc. | 125,771 | $7.75M | 0.01% | +125,771 | New |
| Mutual of America Capital Management LLC | 131,205 | $8.08M | 0.09% | −6,781−4.9% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 137,130 | $8.45M | 0.04% | −2,384−1.7% | Reduced |
| Alliancebernstein L.P. | 138,460 | $8.53M | 0.00% | −6,718−4.6% | Reduced |
| Swiss National Bank | 140,579 | $8.66M | 0.01% | +2,900+2.1% | Added |
| Leeward Investments, LLC - MA | 142,359 | $8.77M | 0.45% | −3,202−2.2% | Reduced |
| Squarepoint Ops LLC | 146,375 | $9.02M | 0.02% | +113,137+340.4% | Added |
| FMR LLC | 148,327 | $9.14M | 0.00% | +753+0.5% | Added |
| Freestone Grove Partners LP | 148,412 | $9.14M | 0.07% | +148,412 | New |
| Hunter Perkins Capital Management, LLC | 152,539 | $9.39M | 2.08% | −41,001−21.2% | Reduced |
| Principal Financial Group Inc | 164,194 | $10.1M | 0.01% | −54,745−25.0% | Reduced |
| Barclays PLC | 166,377 | $10.2M | 0.00% | −26,317−13.7% | Reduced |
| Phocas Financial Corp. | 174,660 | $10.8M | 1.39% | +3,600+2.1% | Added |
| HighTower Advisors, LLC | 187,539 | $11.6M | 0.01% | +14,144+8.2% | Added |
| Prudential Financial Inc | 188,909 | $11.6M | 0.01% | −178,325−48.6% | Reduced |
| Gamco Investors, Inc. Et Al | 207,428 | $12.8M | 0.12% | −554−0.3% | Reduced |
| Glenmede Investment Management, LP | 208,954 | $12.9M | 0.06% | −8,339−3.8% | Reduced |
| Renaissance Technologies LLC | 232,500 | $14.3M | 0.02% | +60,400+35.1% | Added |
| Paradiem, LLC | 234,833 | $14.5M | 3.37% | +210,333+858.5% | Added |
| Brandywine Global Investment Management, LLC | 239,517 | $14.8M | 0.10% | −8,823−3.6% | Reduced |
| Rhumbline Advisers | 241,567 | $14.9M | 0.01% | −3,552−1.4% | Reduced |
| California Public Employees Retirement System | 254,446 | $15.7M | 0.01% | −41,400−14.0% | Reduced |
| Voya Investment Management LLC | 269,971 | $16.6M | 0.02% | −4,254−1.6% | Reduced |
| UBS Group AG | 306,763 | $18.9M | 0.00% | +36,460+13.5% | Added |
| Invenomic Capital Management LP | 318,356 | $19.6M | 1.03% | +318,356 | New |
| Legal & General Group Plc | 376,155 | $23.2M | 0.01% | −17,632−4.5% | Reduced |
| Duff & Phelps Investment Management Co | 389,700 | $24.0M | 0.27% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 394,453 | $24.3M | 0.02% | −4,177−1.0% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 404,131 | $24.9M | 0.08% | +16,026+4.1% | Added |
| Old Republic International Corporation | 416,000 | $25.6M | 0.95% | 00.0% | Unchanged |