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 |
|---|---|---|---|---|---|
| Segall Bryant & Hamill, LLC | 62,793 | $3.87M | 0.05% | +31,529+100.8% | Added |
| Envestnet Asset Management Inc | 61,708 | $3.80M | 0.00% | +10,040+19.4% | Added |
| Boston Partners | 61,260 | $3.77M | 0.00% | −3,408−5.3% | Reduced |
| Warren Averett Asset Management, LLC | 57,129 | $3.52M | 0.04% | +3,421+6.4% | Added |
| Federated Hermes, Inc. | 57,099 | $3.52M | 0.01% | +1,170+2.1% | Added |
| Midwest Trust Co | 53,609 | $3.30M | 0.04% | −563−1.0% | Reduced |
| Deutsche Bank AG | 52,679 | $3.24M | 0.00% | −97,657−65.0% | Reduced |
| John G Ullman & Associates Inc | 52,291 | $3.22M | 0.43% | −650−1.2% | Reduced |
| State of Wisconsin Investment Board | 52,197 | $3.21M | 0.01% | −2,208−4.1% | Reduced |
| Mackenzie Financial Corp | 51,936 | $3.20M | 0.00% | +8,990+20.9% | Added |
| Cambridge Investment Research Advisors, Inc. | 48,328 | $2.98M | 0.01% | +3,246+7.2% | Added |
| Magellan Asset Management Ltd | 48,098 | $2.96M | 0.04% | +2,554+5.6% | Added |
| Nisa Investment Advisors, LLC | 47,424 | $2.92M | 0.01% | −6,373−11.8% | Reduced |
| Farmers & Merchants Investments Inc | 47,364 | $2.92M | 0.08% | −134−0.3% | Reduced |
| New York State Common Retirement Fund | 47,242 | $2.91M | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 47,037 | $2.90M | 0.00% | +8,340+21.6% | Added |
| Hennessy Advisors Inc | 46,847 | $2.89M | 0.10% | −6,800−12.7% | Reduced |
| Citigroup Inc | 46,465 | $2.86M | 0.00% | −18,525−28.5% | Reduced |
| Susquehanna Fundamental Investments, LLC | 46,061 | $2.84M | 0.11% | −44,808−49.3% | Reduced |
| Lesa Sroufe & Co | 45,833 | $2.82M | 2.28% | +216+0.5% | Added |
| Y-Intercept (Hong Kong) Ltd | 45,172 | $2.78M | 0.07% | −56,802−55.7% | Reduced |
| Mariner, LLC | 44,241 | $2.72M | 0.00% | +14,296+47.7% | Added |
| AMG National Trust Bank | 43,438 | $2.68M | 0.07% | +4,486+11.5% | Added |
| CWM, LLC | 42,903 | $2.64M | 0.01% | +33,934+378.3% | Added |
| First Manhattan Co | 42,827 | $2.64M | 0.01% | −588−1.4% | Reduced |
| Riverwater Partners LLC | 41,579 | $2.56M | 1.06% | +80.0% | Added |
| Great West Life Assurance Co | 41,798 | $2.56M | 0.00% | +771+1.9% | Added |
| Allianz Asset Management GmbH | 41,295 | $2.54M | 0.00% | −7,284−15.0% | Reduced |
| Intech Investment Management LLC | 41,268 | $2.54M | 0.02% | +2,408+6.2% | Added |
| Ameritas Investment Partners, Inc. | 39,984 | $2.46M | 0.08% | −1,626−3.9% | Reduced |
| Brinker Capital Investments, LLC | 39,501 | $2.43M | 0.02% | +39,501 | New |
| Creative Planning | 37,518 | $2.31M | 0.00% | +11,988+47.0% | Added |
| Polaris Capital Management, LLC | 36,400 | $2.24M | 0.15% | +36,400 | New |
| State of New Jersey Common Pension Fund D | 35,617 | $2.19M | 0.01% | +2,896+8.9% | Added |
| BTG Pactual Asset Management US LLC | 34,012 | $2.09M | 0.25% | +34,012 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 33,794 | $2.08M | 0.00% | −6,079−15.2% | Reduced |
| Marshall Wace, LLP | 33,345 | $2.05M | 0.00% | +33,345 | New |
| Alps Advisors Inc | 32,720 | $2.02M | 0.01% | +14,464+79.2% | Added |
| Comerica Bank | 32,295 | $1.99M | 0.01% | −1,704−5.0% | Reduced |
| Capital Fund Management S.A. | 32,104 | $1.98M | 0.02% | +32,104 | New |
| Amalgamated Bank | 32,085 | $1.98M | 0.01% | +234+0.7% | Added |
| US Bancorp | 30,526 | $1.88M | 0.00% | +18,965+164.0% | Added |
| Elo Mutual Pension Insurance Co | 30,113 | $1.85M | 0.03% | +30,113 | New |
| DC Investments Management, LLC | 29,900 | $1.84M | 0.76% | 00.0% | Unchanged |
| Greenland Capital Management LP | 29,573 | $1.82M | 0.27% | +17,280+140.6% | Added |
| Avantax Planning Partners, Inc. | 29,193 | $1.80M | 0.05% | +43+0.1% | Added |
| Advisors Asset Management, Inc. | 28,741 | $1.77M | 0.03% | +1,169+4.2% | Added |
| Cetera Investment Advisers | 28,472 | $1.75M | 0.00% | +7,833+38.0% | Added |
| Barnett & Company, Inc. | 28,400 | $1.75M | 1.35% | +14,600+105.8% | Added |
| Bollard Group LLC | 27,645 | $1.70M | 0.04% | +698+2.6% | Added |
| Van Eck Associates Corp | 26,208 | $1.61M | 0.00% | +154+0.6% | Added |
| Buckley Wealth Management, LLC | 25,631 | $1.58M | 0.43% | +16,810+190.6% | Added |
| Convergence Investment Partners, LLC | 24,247 | $1.49M | 0.34% | −216−0.9% | Reduced |
| BNP Paribas Arbitrage, SA | 23,830 | $1.47M | 0.00% | +8,541+55.9% | Added |
| State of Tennessee, Treasury Department | 23,771 | $1.46M | 0.00% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 22,290 | $1.37M | 0.01% | +6,375+40.1% | Added |
| JustInvest LLC | 22,211 | $1.37M | 0.01% | +3,331+17.6% | Added |
| Yousif Capital Management, LLC | 22,156 | $1.36M | 0.01% | −1,404−6.0% | Reduced |
| Quest Partners LLC | 21,978 | $1.35M | 0.09% | +21,978 | New |
| Voloridge Investment Management, LLC | 21,976 | $1.35M | 0.00% | −14,187−39.2% | Reduced |
| Arizona State Retirement System | 21,456 | $1.32M | 0.01% | +418+2.0% | Added |
| Lazard Asset Management LLC | 21,352 | $1.32M | 0.00% | 00.0% | Unchanged |
| John Boyer, Inc. | 21,354 | $1.31M | 1.31% | +21,354 | New |
| Teachers Retirement System of the State of Kentucky | 21,298 | $1.31M | 0.01% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 20,599 | $1.27M | 0.00% | +14,676+247.8% | Added |
| Louisiana State Employees Retirement System | 20,300 | $1.25M | 0.02% | −100−0.5% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 20,128 | $1.24M | 0.01% | +3,625+22.0% | Added |
| AdvisorNet Financial, Inc | 19,935 | $1.23M | 0.07% | −790−3.8% | Reduced |
| Horizon Investments, LLC | 19,807 | $1.22M | 0.02% | +726+3.8% | Added |
| First PREMIER Bank | 19,489 | $1.20M | 0.27% | −344−1.7% | Reduced |
| American Century Companies Inc | 19,008 | $1.17M | 0.00% | −84−0.4% | Reduced |
| Man Group plc | 18,902 | $1.16M | 0.00% | +18,902 | New |
| Summit Global Investments | 18,902 | $1.16M | 0.07% | +302+1.6% | Added |
| Eagle Global Advisors LLC | 18,740 | $1.15M | 0.04% | +18,740 | New |
| Bank of Montreal | 18,434 | $1.14M | 0.00% | −940−4.9% | Reduced |
| Cozad Asset Management Inc | 18,199 | $1.12M | 0.09% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 18,384 | $1.12M | 0.00% | +9,316+102.7% | Added |
| Landscape Capital Management, L.L.C. | 17,487 | $1.08M | 0.07% | +9,903+130.6% | Added |
| Pacer Advisors, Inc. | 17,381 | $1.07M | 0.00% | +17,381 | New |
| State of Michigan Retirement System | 17,300 | $1.07M | 0.01% | −100−0.6% | Reduced |
| Qube Research & Technologies Ltd | 17,274 | $1.06M | 0.00% | −502,066−96.7% | Reduced |
| Bridgeway Capital Management, LLC | 17,000 | $1.05M | 0.02% | 00.0% | Unchanged |
| Kestra Investment Management, LLC | 16,876 | $1.04M | 0.03% | −6,964−29.2% | Reduced |
| Burford Brothers, Inc. | 16,667 | $1.03M | 0.44% | +16,667 | New |
| SRS Capital Advisors, Inc. | 16,655 | $1.03M | 0.01% | +16,429+7,269.5% | Added |
| Cornerstone Wealth Management, LLC | 16,640 | $1.02M | 0.06% | +629+3.9% | Added |
| State Board of Administration of Florida Retirement System | 16,409 | $1.01M | 0.00% | +3,429+26.4% | Added |
| Northwestern Mutual Investment Management Company, LLC | 16,239 | $1.00M | 0.01% | +49+0.3% | Added |
| D.A. Davidson & Co. | 16,123 | $993.1K | 0.01% | +883+5.8% | Added |
| Wealth Enhancement Advisory Services, LLC | 15,944 | $976.1K | 0.00% | +7,314+84.8% | Added |
| Sterling Capital Management LLC | 15,817 | $974.2K | 0.01% | +13,831+696.4% | Added |
| Sequoia Financial Advisors, LLC | 15,782 | $972.0K | 0.01% | +4,801+43.7% | Added |
| Quadrant Capital Group LLC | 15,632 | $962.8K | 0.03% | +651+4.3% | Added |
| Picton Mahoney Asset Management | 15,535 | $956.0K | 0.01% | +15,516+81,663.2% | Added |
| Point72 Asset Management, L.P. | 14,652 | $902.4K | 0.00% | +14,652 | New |
| Oregon Public Employees Retirement Fund | 14,622 | $900.6K | 0.01% | −200−1.3% | Reduced |
| HRT Financial LP | 14,512 | $893.0K | 0.00% | −1,239−7.9% | Reduced |
| CWA Asset Management Group, LLC | 14,251 | $877.7K | 0.03% | +1,574+12.4% | Added |
| Miller Howard Investments Inc | 14,140 | $870.9K | 0.03% | +577+4.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 13,956 | $859.5K | 0.00% | 00.0% | Unchanged |