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 |
|---|---|---|---|---|---|
| Crawford Investment Counsel Inc | 447,651 | $27.6M | 0.46% | +324,931+264.8% | Added |
| Janus Henderson Group PLC | 453,399 | $27.9M | 0.01% | −3,759−0.8% | Reduced |
| Two Sigma Investments, LP | 525,653 | $32.4M | 0.05% | +361,751+220.7% | Added |
| Bank of America Corp | 530,706 | $32.7M | 0.00% | +19,105+3.7% | Added |
| Gabelli Funds LLC | 538,245 | $33.2M | 0.22% | +372+0.1% | Added |
| Citadel Advisors LLC | 539,801 | $33.2M | 0.03% | +427,138+379.1% | Added |
| Adage Capital Partners GP, L.L.C. | 575,000 | $35.4M | 0.06% | +475,000+475.0% | Added |
| Franklin Resources Inc | 589,261 | $35.6M | 0.01% | −455,904−43.6% | Reduced |
| JPMorgan Chase & Co | 618,131 | $38.1M | 0.00% | +249,640+67.7% | Added |
| Morgan Stanley | 618,653 | $38.1M | 0.00% | −18,543−2.9% | Reduced |
| Balyasny Asset Management LLC | 664,080 | $40.9M | 0.08% | +658,017+10,853.0% | Added |
| Victory Capital Management Inc | 727,443 | $44.8M | 0.03% | +19,869+2.8% | Added |
| ProShare Advisors LLC | 736,014 | $45.3M | 0.09% | +71,963+10.8% | Added |
| Invesco Ltd. | 818,348 | $50.4M | 0.01% | +34,595+4.4% | Added |
| Bank of New York Mellon Corp | 853,836 | $52.6M | 0.01% | −13,884−1.6% | Reduced |
| First Trust Advisors LP | 870,973 | $53.6M | 0.04% | −22,123−2.5% | Reduced |
| Jane Street Group, LLC | 925,749 | $57.0M | 0.07% | +823,614+806.4% | Added |
| Goldman Sachs Group Inc | 937,390 | $57.7M | 0.01% | +344,216+58.0% | Added |
| Northern Trust Corp | 957,493 | $59.0M | 0.01% | −5,259−0.5% | Reduced |
| Dimensional Fund Advisors LP | 1,099,293 | $67.7M | 0.01% | +21,922+2.0% | Added |
| Zimmer Partners, LP | 1,100,020 | $67.8M | 1.66% | +1,050,020+2,100.0% | Added |
| Cohen & Steers, Inc. | 1,176,624 | $72.5M | 0.13% | +1,176,624 | New |
| Charles Schwab Investment Management Inc | 1,200,635 | $73.9M | 0.01% | −5,298−0.4% | Reduced |
| Nuveen, LLC | 1,269,990 | $78.2M | 0.02% | +244,491+23.8% | Added |
| Fuller & Thaler Asset Management, Inc. | 1,325,970 | $81.7M | 0.28% | −2,759−0.2% | Reduced |
| AQR Capital Management LLC | 1,374,050 | $84.6M | 0.05% | +474,947+52.8% | Added |
| Capital Research Global Investors | 1,641,122 | $101.1M | 0.02% | 00.0% | Unchanged |
| Geode Capital Management, LLC | 1,839,307 | $113.3M | 0.01% | +16,951+0.9% | Added |
| Macquarie Group Ltd | 2,224,795 | $137.0M | 0.16% | −173,494−7.2% | Reduced |
| State Street Corp | 3,837,014 | $236.3M | 0.01% | −4,601−0.1% | Reduced |
| Vanguard Group Inc | 8,990,841 | $553.7M | 0.01% | +225,636+2.6% | Added |
| BlackRock, Inc. | 11,336,083 | $698.2M | 0.01% | +14,187+0.1% | Added |
| Massachusetts Financial Services Co | 0 | $0 | 0.00% | −551,977−100.0% | Sold out |
| Great Lakes Advisors, LLC | 0 | $0 | 0.00% | −144,083−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −113,789−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −99,389−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −95,765−100.0% | Sold out |
| Tudor Investment Corp Et Al | 0 | $0 | 0.00% | −54,904−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −36,787−100.0% | Sold out |
| Littlejohn Financial Services, Inc. | 0 | $0 | 0.00% | −36,780−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −25,834−100.0% | Sold out |
| ExodusPoint Capital Management, LP | 0 | $0 | 0.00% | −23,042−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −18,300−100.0% | Sold out |
| Hancock Whitney Corp | 0 | $0 | 0.00% | −16,000−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −15,294−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −14,048−100.0% | Sold out |
| Twinbeech Capital LP | 0 | $0 | 0.00% | −12,707−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −11,711−100.0% | Sold out |
| Bailard, Inc. | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| 111 Capital | 0 | $0 | 0.00% | −9,496−100.0% | Sold out |
| Graham Capital Management, L.P. | 0 | $0 | 0.00% | −8,882−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −8,488−100.0% | Sold out |
| Jupiter Asset Management Ltd | 0 | $0 | 0.00% | −7,558−100.0% | Sold out |
| Versor Investments LP | 0 | $0 | 0.00% | −7,292−100.0% | Sold out |
| Asset Management One Co.,Ltd. | 0 | $0 | 0.00% | −5,279−100.0% | Sold out |
| Vestcor Inc | 0 | $0 | 0.00% | −5,079−100.0% | Sold out |
| Virginia Retirement Systems Et Al | 0 | $0 | 0.00% | −5,000−100.0% | Sold out |
| Mount Yale Investment Advisors, LLC | 0 | $0 | 0.00% | −4,952−100.0% | Sold out |
| International Assets Investment Management, LLC | 0 | $0 | 0.00% | −220,354−100.0% | Sold out |
| Financial Advocates Investment Management | 0 | $0 | 0.00% | −3,713−100.0% | Sold out |
| Gotham Asset Management, LLC | 0 | $0 | 0.00% | −3,704−100.0% | Sold out |
| Garde Capital, Inc. | 0 | $0 | 0.00% | −2,000−100.0% | Sold out |
| Neo Ivy Capital Management | 0 | $0 | 0.00% | −1,568−100.0% | Sold out |
| Ridgewood Investments LLC | 0 | $0 | 0.00% | −1,524−100.0% | Sold out |
| Skopos Labs, Inc. | 0 | $0 | 0.00% | −816−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −763−100.0% | Sold out |
| Bryn Mawr Trust Co | 0 | $0 | 0.00% | −358−100.0% | Sold out |
| Twin Peaks Wealth Advisors, LLC | 0 | $0 | 0.00% | −48−100.0% | Sold out |
| Park Square Financial Group, LLC | 0 | $0 | 0.00% | −26−100.0% | Sold out |
| NewSquare Capital LLC | 0 | $0 | 0.00% | −13−100.0% | Sold out |
| WealthTrak Capital Management LLC | 0 | $0 | 0.00% | −5−100.0% | Sold out |
| CIBC World Markets Corp | – | – | – | – | Not filed |
| EP Wealth Advisors, LLC | – | – | – | – | Not filed |
| Avantax Advisory Services, Inc. | – | – | – | – | Not filed |
| Atria Wealth Solutions, Inc. | – | – | – | – | Not filed |
| Iron Horse Wealth Management, LLC | – | – | – | – | Not filed |
| First Horizon Advisors, Inc. | – | – | – | – | Not filed |