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, Q4 2025
Institutional positions in Black Hills Corp as of Dec 31, 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
- 461
- +37 vs. Q3 2025
- Shares held
- 72.5M
- +7.31M (+11.2%) vs. Q3 2025
- Total value
- $5.02B
- +$1.00B (+25.0%) vs. Q3 2025
- New holders
- 80
- 173 more added
- Sold out
- 43
- 138 more reduced
8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Toronto Dominion Bank | 1 | $72 | 0.00% | +1 | New |
| Dunhill Financial, LLC | 1 | $93 | 0.00% | +1 | New |
| Rialto Wealth Management, LLC | 2 | $139 | 0.00% | 00.0% | Unchanged |
| Hughes Financial Services, LLC | 2 | $139 | 0.00% | +2 | New |
| Strive Financial Group ,LLC | 2 | $139 | 0.00% | +2 | New |
| Leonteq Securities AG | 3 | $208 | 0.00% | 00.0% | Unchanged |
| SJS Investment Consulting Inc. | 5 | $348 | 0.00% | 00.0% | Unchanged |
| HFM Investment Advisors, LLC | 5 | $348 | 0.00% | +2+66.7% | Added |
| Financial Management Professionals, Inc. | 6 | $417 | 0.00% | 00.0% | Unchanged |
| DiNuzzo Private Wealth, Inc. | 6 | $417 | 0.00% | 00.0% | Unchanged |
| S&T Bank | 6 | $417 | 0.00% | +6 | New |
| Bay Harbor Wealth Management, LLC | 8 | $555 | 0.00% | +4+100.0% | Added |
| MV Capital Management, Inc. | 9 | $625 | 0.00% | 00.0% | Unchanged |
| CVA Family Office, LLC | 9 | $625 | 0.00% | 00.0% | Unchanged |
| Optima Capital LLC | 9 | $625 | 0.00% | +9 | New |
| Caitlin John, LLC | 10 | $664 | 0.00% | +1+11.1% | Added |
| Sachetta, LLC | 10 | $695 | 0.00% | 00.0% | Unchanged |
| Torren Management, LLC | 12 | $814 | 0.00% | +12 | New |
| SWAN Capital LLC | 12 | $839 | 0.00% | +12 | New |
| Spire Wealth Management | 13 | $902 | 0.00% | 00.0% | Unchanged |
| Capital Advisors, Ltd. LLC | 14 | $1.00K | 0.00% | 00.0% | Unchanged |
| Avion Wealth | 20 | $1.00K | 0.00% | 00.0% | Unchanged |
| Picton Mahoney Asset Management | 19 | $1.32K | 0.00% | −15,516−99.9% | Reduced |
| WPG Advisers, LLC | 19 | $1.32K | 0.00% | 00.0% | Unchanged |
| Bare Financial Services, Inc | 21 | $1.46K | 0.00% | +8+61.5% | Added |
| Cornerstone Financial Management LLC | 22 | $1.53K | 0.00% | +22 | New |
| Steigerwald, Gordon & Koch Inc. | 24 | $1.67K | 0.00% | +24 | New |
| Trust Co | 25 | $1.74K | 0.00% | +25 | New |
| Keating Financial Advisory Services, Inc. | 25 | $1.74K | 0.00% | +25 | New |
| Kilter Group LLC | 28 | $1.94K | 0.00% | +15+115.4% | Added |
| Godfrey Financial Associates, Inc. | 32 | $2.22K | 0.00% | +32 | New |
| Cornerstone Planning Group LLC | 34 | $2.45K | 0.00% | +7+25.9% | Added |
| Bell Investment Advisors, Inc | 36 | $2.50K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 40 | $2.78K | 0.00% | 00.0% | Unchanged |
| Fortitude Family Office, LLC | 40 | $2.78K | 0.00% | +8+25.0% | Added |
| JFS Wealth Advisors, LLC | 41 | $2.85K | 0.00% | +14+51.9% | Added |
| SageView Advisory Group, LLC | 45 | $3.12K | 0.00% | +45 | New |
| Parkside Financial Bank & Trust | 50 | $3.47K | 0.00% | 00.0% | Unchanged |
| Manchester Capital Management LLC | 54 | $3.75K | 0.00% | +54 | New |
| Sound Income Strategies, LLC | 52 | $3.83K | 0.00% | 00.0% | Unchanged |
| Basecamp Wealth Advisors LLC | 63 | $4.37K | 0.00% | +63 | New |
| Truvestments Capital LLC | 81 | $5.62K | 0.00% | 00.0% | Unchanged |
| Root Financial Partners, LLC | 86 | $5.97K | 0.00% | +12+16.2% | Added |
| True Wealth Design, LLC | 94 | $6.53K | 0.00% | −1−1.1% | Reduced |
| Private Wealth Management Group, LLC | 97 | $6.73K | 0.00% | 00.0% | Unchanged |
| Clark Wealth Partners | 100 | $6.94K | 0.00% | 00.0% | Unchanged |
| St. Johns Investment Management Company, LLC | 100 | $6.94K | 0.00% | 00.0% | Unchanged |
| Financial Perspectives, Inc | 100 | $6.94K | 0.00% | 00.0% | Unchanged |
| Ares Financial Consulting, LLC | 101 | $7.01K | 0.01% | +101 | New |
| Steward Partners Investment Advisory, LLC | 107 | $7.43K | 0.00% | −58−35.2% | Reduced |
| UMA Financial Services, Inc. | 121 | $8.40K | 0.00% | +8+7.1% | Added |
| SRS Capital Advisors, Inc. | 140 | $9.73K | 0.00% | −16,515−99.2% | Reduced |
| GHP Investment Advisors, Inc. | 159 | $11.0K | 0.00% | 00.0% | Unchanged |
| Elyxium Wealth, LLC | 169 | $11.7K | 0.00% | +169 | New |
| MAI Capital Management | 200 | $13.9K | 0.00% | +54+37.0% | Added |
| LRI Investments, LLC | 211 | $14.7K | 0.00% | −57−21.3% | Reduced |
| Bogart Wealth, LLC | 220 | $15.3K | 0.00% | −51−18.8% | Reduced |
| Kemnay Advisory Services Inc. | 229 | $15.9K | 0.00% | +229 | New |
| Brown Brothers Harriman & Co | 254 | $17.6K | 0.00% | +254 | New |
| Clearstead Advisors, LLC | 274 | $19.0K | 0.00% | −504−64.8% | Reduced |
| St Germain D J Co Inc | 286 | $19.9K | 0.00% | 00.0% | Unchanged |
| Glen Eagle Advisors, LLC | 300 | $20.8K | 0.00% | 00.0% | Unchanged |
| Cypress Capital Management LLC (WY) | 300 | $20.8K | 0.02% | +150+100.0% | Added |
| HHM Wealth Advisors, LLC | 310 | $21.5K | 0.00% | +100+47.6% | Added |
| Centiva Capital, LP | 319 | $22.1K | 0.00% | +319 | New |
| Byrne Asset Management LLC | 350 | $24.3K | 0.01% | +100+40.0% | Added |
| Quent Capital, LLC | 366 | $25.4K | 0.00% | +40+12.3% | Added |
| Canton Hathaway, LLC | 400 | $27.8K | 0.01% | 00.0% | Unchanged |
| Central Trust Co | 400 | $27.8K | 0.00% | 00.0% | Unchanged |
| Tompkins Financial Corp | 400 | $27.8K | 0.00% | 00.0% | Unchanged |
| Eastern Bank | 400 | $27.8K | 0.00% | 00.0% | Unchanged |
| Pinnacle Wealth Planning Services, Inc. | 438 | $30.4K | 0.00% | +438 | New |
| Atlantic Trust, LLC | 456 | $31.7K | 0.00% | +87+23.6% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 456 | $31.8K | 0.00% | 00.0% | Unchanged |
| Ronald Blue Trust, Inc. | 459 | $31.9K | 0.00% | −182−28.4% | Reduced |
| Versant Capital Management, Inc | 490 | $34.0K | 0.00% | 00.0% | Unchanged |
| Clarity Asset Management, Inc. | 494 | $34.3K | 0.02% | +5+1.0% | Added |
| Hussman Strategic Advisors, Inc. | 500 | $34.7K | 0.01% | 00.0% | Unchanged |
| IMA Wealth, Inc. | 500 | $34.7K | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 498 | $35.0K | 0.00% | 00.0% | Unchanged |
| WealthCollab, LLC | 525 | $36.4K | 0.01% | 00.0% | Unchanged |
| TD Waterhouse Canada Inc. | 550 | $38.2K | 0.00% | 00.0% | Unchanged |
| Gen-Wealth Partners Inc | 634 | $44.0K | 0.01% | 00.0% | Unchanged |
| Umb Bank N A | 700 | $48.6K | 0.00% | +68+10.8% | Added |
| Sunbelt Securities, Inc. | 705 | $48.9K | 0.00% | −241−25.5% | Reduced |
| Optiver Holding B.V. | 745 | $51.7K | 0.00% | +298+66.7% | Added |
| North Star Investment Management Corp. | 750 | $52.1K | 0.00% | 00.0% | Unchanged |
| Fifth Third Bancorp | 762 | $52.9K | 0.00% | +9+1.2% | Added |
| First Horizon Corp | 773 | $53.7K | 0.00% | +509+192.8% | Added |
| Bartlett & Co. Wealth Management LLC | 800 | $55.5K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 850 | $59.2K | 0.00% | +274+47.6% | Added |
| GAMMA Investing LLC | 877 | $60.9K | 0.00% | +143+19.5% | Added |
| Geneos Wealth Management Inc. | 962 | $66.7K | 0.00% | +100+11.6% | Added |
| Nomura Asset Management Co Ltd | 980 | $68.0K | 0.00% | 00.0% | Unchanged |
| Rocky Mountain Advisers, LLC | 1,000 | $69.4K | 0.02% | 00.0% | Unchanged |
| City State Bank | 1,000 | $69.4K | 0.02% | 00.0% | Unchanged |
| Pingora Partners LLC | 1,000 | $69.4K | 0.04% | 00.0% | Unchanged |
| Wealth Enhancement Trust Services, Inc. | 1,000 | $69.4K | 0.01% | +1,000 | New |
| State of Wyoming | 1,053 | $73.1K | 0.01% | −2,582−71.0% | Reduced |
| Global Retirement Partners, LLC | 1,093 | $75.9K | 0.00% | +573+110.2% | Added |