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 |
|---|---|---|---|---|---|
| Quantinno Capital Management LP | 13,665 | $841.7K | 0.00% | +4,413+47.7% | Added |
| Exchange Traded Concepts, LLC | 13,525 | $833.0K | 0.01% | −53−0.4% | Reduced |
| The PNC Financial Services Group, Inc. | 13,369 | $823.4K | 0.00% | −385−2.8% | Reduced |
| New Mexico Educational Retirement Board | 13,306 | $820.0K | 0.03% | 00.0% | Unchanged |
| Huber Capital Management LLC | 12,766 | $786.3K | 0.12% | −1,332−9.4% | Reduced |
| Smith, Moore & Co. | 12,677 | $780.8K | 0.06% | −100−0.8% | Reduced |
| Natixis Advisors, L.P. | 12,659 | $780.0K | 0.00% | +2,423+23.7% | Added |
| Neuberger Berman Group LLC | 12,606 | $776.4K | 0.00% | +605+5.0% | Added |
| Roehl & Yi Investment Advisors, LLC | 12,543 | $772.5K | 0.34% | +1,455+13.1% | Added |
| Simplex Trading, LLC | 12,387 | $762.0K | 0.02% | +10,782+671.8% | Added |
| RSM US Wealth Management LLC | 12,319 | $758.7K | 0.01% | +2,598+26.7% | Added |
| Guggenheim Capital LLC | 12,275 | $756.0K | 0.01% | −7,923−39.2% | Reduced |
| CSS LLC | 12,248 | $754.4K | 0.04% | +1,440+13.3% | Added |
| Icon Advisers Inc | 12,237 | $753.7K | 0.16% | 00.0% | Unchanged |
| Captrust Financial Advisors | 12,180 | $750.2K | 0.00% | +4,545+59.5% | Added |
| Fox Run Management, L.L.C. | 12,106 | $745.6K | 0.12% | −6,206−33.9% | Reduced |
| Hantz Financial Services, Inc. | 11,766 | $725.0K | 0.01% | −634−5.1% | Reduced |
| Teacher Retirement System of Texas | 11,228 | $691.5K | 0.00% | +296+2.7% | Added |
| Uncommon Cents Investing LLC | 11,105 | $684.0K | 0.17% | +90+0.8% | Added |
| Navellier & Associates Inc | 11,018 | $678.6K | 0.07% | +2,182+24.7% | Added |
| Bahl & Gaynor Inc | 10,850 | $668.3K | 0.00% | −55−0.5% | Reduced |
| Commonwealth Equity Services, LLC | 10,671 | $657.0K | 0.00% | −19−0.2% | Reduced |
| Point72 Hong Kong Ltd | 10,344 | $637.1K | 0.03% | +8,835+585.5% | Added |
| Xponance, Inc. | 10,251 | $631.4K | 0.00% | +10.0% | Added |
| State of Alaska, Department of Revenue | 10,040 | $617.0K | 0.01% | +1,903+23.4% | Added |
| O'Shaughnessy Asset Management, LLC | 9,930 | $611.6K | 0.00% | −3,249−24.7% | Reduced |
| Lighthouse Investment Partners, LLC | 9,588 | $590.5K | 0.02% | +9,588 | New |
| DRW Securities, LLC | 9,514 | $586.4K | 0.03% | +9,514 | New |
| Eagle Harbor Asset Management Inc | 9,340 | $575.3K | 0.50% | +1,284+15.9% | Added |
| Intrua Financial, LLC | 9,327 | $574.4K | 0.07% | +261+2.9% | Added |
| Meeder Advisory Services, Inc. | 9,047 | $557.2K | 0.03% | −680−7.0% | Reduced |
| Quantbot Technologies LP | 8,743 | $538.5K | 0.01% | −26,084−74.9% | Reduced |
| Entropy Technologies, LP | 8,650 | $532.8K | 0.04% | −5,856−40.4% | Reduced |
| HSBC Holdings PLC | 8,333 | $511.6K | 0.00% | −2,957−26.2% | Reduced |
| Burke & Herbert Bank & Trust Co | 8,000 | $492.7K | 0.11% | 00.0% | Unchanged |
| Daiwa Securities Group Inc. | 7,893 | $486.0K | 0.00% | −939−10.6% | Reduced |
| Assetmark, Inc | 7,856 | $483.9K | 0.00% | +661+9.2% | Added |
| STRS Ohio | 7,800 | $480.4K | 0.00% | +1,600+25.8% | Added |
| CIBC Bancorp USA Inc. | 7,755 | $477.6K | 0.00% | +7,755 | New |
| Henshaw Capital LLC | 7,728 | $476.0K | 0.02% | −2,913−27.4% | Reduced |
| Blueshift Asset Management, LLC | 7,645 | $470.9K | 0.15% | +7,645 | New |
| Pictet Asset Management Holding SA | 7,376 | $454.3K | 0.00% | 00.0% | Unchanged |
| CWM Advisors, LLC | 7,347 | $452.5K | 0.04% | +350+5.0% | Added |
| Arkadios Wealth Advisors | 7,235 | $445.6K | 0.01% | +278+4.0% | Added |
| Atria Investments LLC | 7,180 | $442.2K | 0.01% | −2,604−26.6% | Reduced |
| IFP Advisors, Inc | 6,735 | $414.8K | 0.01% | −216−3.1% | Reduced |
| Kestra Advisory Services, LLC | 6,720 | $413.9K | 0.00% | +741+12.4% | Added |
| Hilltop Holdings Inc. | 6,555 | $403.7K | 0.02% | +6,555 | New |
| Moors & Cabot, Inc. | 6,479 | $399.0K | 0.02% | 00.0% | Unchanged |
| Ensign Peak Advisors, Inc | 6,438 | $396.5K | 0.00% | −16,435−71.9% | Reduced |
| Private Advisor Group, LLC | 6,386 | $393.3K | 0.00% | −445−6.5% | Reduced |
| Clear Creek Financial Management, LLC | 6,382 | $393.1K | 0.03% | +333+5.5% | Added |
| Los Angeles Capital Management LLC | 6,351 | $391.2K | 0.00% | −1,845−22.5% | Reduced |
| Harbor Capital Advisors, Inc. | 6,348 | $391.0K | 0.03% | −15,464−70.9% | Reduced |
| Foundations Investment Advisors, LLC | 6,299 | $387.9K | 0.01% | +6,299 | New |
| Tower Research Capital LLC (TRC) | 6,242 | $384.4K | 0.01% | −1,476−19.1% | Reduced |
| Buckingham Strategic Partners | 5,825 | $379.6K | 0.00% | +5,825 | New |
| RIA Advisory Group LLC | 6,086 | $374.9K | 0.10% | +111+1.9% | Added |
| Vise Technologies, Inc. | 6,054 | $372.9K | 0.01% | +1,134+23.0% | Added |
| Mission Wealth Management, LP | 5,988 | $368.8K | 0.01% | +61+1.0% | Added |
| Creative Financial Designs Inc | 5,914 | $364.2K | 0.02% | −9,089−60.6% | Reduced |
| MQS Management LLC | 5,820 | $358.5K | 0.21% | −3,760−39.2% | Reduced |
| Public Employees Retirement Association of Colorado | 5,801 | $357.0K | 0.00% | 00.0% | Unchanged |
| Brighton Jones LLC | 5,776 | $355.8K | 0.01% | +5,776 | New |
| Polymer Capital Management (US) LLC | 5,775 | $355.7K | 0.05% | +5,775 | New |
| NBC Securities, Inc. | 5,513 | $339.5K | 0.03% | −446−7.5% | Reduced |
| Monarch Capital Management Inc | 5,485 | $337.8K | 0.08% | 00.0% | Unchanged |
| First National Bank Sioux Falls | 5,483 | $337.7K | 0.11% | 00.0% | Unchanged |
| Securian Asset Management, Inc | 5,422 | $333.9K | 0.01% | −100−1.8% | Reduced |
| Pinnacle West Asset Management, Inc. | 5,205 | $321.0K | 0.21% | 00.0% | Unchanged |
| Colony Group, LLC | 5,272 | $317.7K | 0.00% | +5,272 | New |
| IFM Investors Pty Ltd | 5,200 | $316.7K | 0.00% | 00.0% | Unchanged |
| MML Investors Services, LLC | 5,136 | $316.3K | 0.00% | +5,136 | New |
| Platform Technology Partners | 4,945 | $304.6K | 0.07% | 00.0% | Unchanged |
| Baird Financial Group, Inc. | 4,871 | $300.0K | 0.00% | −10.0% | Reduced |
| Engineers Gate Manager LP | 4,746 | $292.3K | 0.00% | −70,926−93.7% | Reduced |
| Journey Strategic Wealth LLC | 4,663 | $287.2K | 0.01% | +715+18.1% | Added |
| Ruggaard & Associates LLC | 4,649 | $286.3K | 0.11% | 00.0% | Unchanged |
| CI Private Wealth, LLC | 4,600 | $283.3K | 0.00% | +147+3.3% | Added |
| Regions Financial Corp | 4,546 | $280.0K | 0.00% | +46+1.0% | Added |
| Strategic Blueprint, LLC | 4,513 | $277.9K | 0.01% | +841+22.9% | Added |
| DekaBank Deutsche Girozentrale | 4,419 | $271.0K | 0.00% | 00.0% | Unchanged |
| Jain Global LLC | 4,269 | $262.9K | 0.00% | +4,269 | New |
| M&T Bank Corp | 4,248 | $261.9K | 0.00% | +3+0.1% | Added |
| Ballentine Partners, LLC | 4,182 | $257.6K | 0.00% | +493+13.4% | Added |
| Financiere des Professionnels - Fonds d,investissement inc. | 4,138 | $254.9K | 0.01% | +1,189+40.3% | Added |
| XTX Topco Ltd | 4,133 | $254.6K | 0.01% | −7,825−65.4% | Reduced |
| Evergreen Capital Management LLC | 4,097 | $252.3K | 0.01% | +4,097 | New |
| Syon Capital LLC | 4,059 | $250.0K | 0.01% | +4,059 | New |
| CIBC Private Wealth Group, LLC | 4,044 | $249.1K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 3,980 | $245.2K | 0.00% | −273−6.4% | Reduced |
| Rexford Capital Inc | 3,962 | $244.0K | 0.19% | +300+8.2% | Added |
| Chilton Capital Management LLC | 3,843 | $236.7K | 0.01% | 00.0% | Unchanged |
| Axq Capital, LP | 3,839 | $236.4K | 0.09% | +3,839 | New |
| Crossmark Global Holdings, Inc. | 3,827 | $235.7K | 0.00% | 00.0% | Unchanged |
| NorthRock Partners, LLC | 3,807 | $234.5K | 0.00% | +3,807 | New |
| HB Wealth Management, LLC | 3,800 | $234.0K | 0.00% | +3,800 | New |
| NorthCrest Asset Manangement, LLC | 3,799 | $232.6K | 0.01% | +3,799 | New |
| Merit Financial Group, LLC | 3,771 | $232.2K | 0.00% | +3,771 | New |
| SeaCrest Wealth Management, LLC | 3,711 | $229.3K | 0.02% | +64+1.8% | Added |