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 |
|---|---|---|---|---|---|
| Hilltop National Bank | 1,153 | $80.0K | 0.02% | −496−30.1% | Reduced |
| CoreCap Advisors, LLC | 1,154 | $80.1K | 0.00% | −201−14.8% | Reduced |
| Smithfield Trust Co | 1,175 | $82.0K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 1,221 | $84.8K | 0.00% | +21+1.8% | Added |
| Flagship Harbor Advisors, LLC | 1,230 | $85.4K | 0.00% | +1,230 | New |
| Mitsubishi UFJ Trust & Banking Corp | 1,255 | $87.1K | 0.00% | −849−40.4% | Reduced |
| HM Payson & Co | 1,300 | $90.2K | 0.00% | −2,000−60.6% | Reduced |
| Westfuller Advisors, LLC | 1,361 | $94.5K | 0.04% | 00.0% | Unchanged |
| Essential Partners LLC | 1,361 | $94.5K | 0.03% | +269+24.6% | Added |
| Asset Planning,Inc | 1,440 | $99.9K | 0.07% | +14+1.0% | Added |
| Farther Finance Advisors, LLC | 1,516 | $105.2K | 0.00% | +156+11.5% | Added |
| GPS Wealth Strategies Group, LLC | 1,607 | $111.5K | 0.09% | +10+0.6% | Added |
| Rothschild Investment LLC | 1,688 | $117.2K | 0.01% | +244+16.9% | Added |
| Asset Management One Co.,Ltd. | 1,722 | $120.1K | 0.00% | +1,722 | New |
| Aster Capital Management (DIFC) Ltd | 1,774 | $123.2K | 0.05% | +1,534+639.2% | Added |
| SBI Securities Co., Ltd. | 1,783 | $123.8K | 0.00% | +1,500+530.0% | Added |
| Northwestern Mutual Wealth Management Co | 1,802 | $125.1K | 0.00% | −588−24.6% | Reduced |
| Massmutual Trust Co FSB | 1,812 | $125.8K | 0.00% | −14−0.8% | Reduced |
| KBC Group NV | 1,906 | $132.0K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 1,963 | $136.2K | 0.00% | +3+0.2% | Added |
| EverSource Wealth Advisors, LLC | 2,039 | $141.5K | 0.01% | +455+28.7% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 2,309 | $160.0K | 0.00% | +2,309 | New |
| Parallel Advisors, LLC | 2,316 | $160.8K | 0.00% | +1,137+96.4% | Added |
| Turning Point Benefit Group, Inc. | 2,452 | $170.2K | 0.09% | +2,363+2,655.1% | Added |
| Scarborough Advisors, LLC | 2,566 | $178.1K | 0.03% | +23+0.9% | Added |
| Ensign Peak Advisors, Inc | 2,638 | $183.1K | 0.00% | −3,800−59.0% | Reduced |
| Huntington National Bank | 2,783 | $193.2K | 0.00% | +328+13.4% | Added |
| Creative Financial Designs Inc | 2,832 | $196.6K | 0.01% | −3,082−52.1% | Reduced |
| Truist Financial Corp | 2,897 | $201.1K | 0.00% | +2,897 | New |
| Integrated Wealth Concepts LLC | 2,951 | $204.9K | 0.00% | +2,951 | New |
| Profund Advisors LLC | 2,959 | $205.4K | 0.01% | +2,959 | New |
| Summit Wealth Group LLC | 2,998 | $208.1K | 0.03% | +2,998 | New |
| Autumn Glory Partners, LLC | 3,000 | $208.3K | 0.07% | +3,000 | New |
| GW Henssler & Associates Ltd | 3,018 | $209.5K | 0.01% | +3,018 | New |
| Perigon Wealth Management, LLC | 3,039 | $211.0K | 0.00% | +3,039 | New |
| Skopos Labs, Inc. | 3,039 | $212.0K | 0.01% | +3,039 | New |
| Rockefeller Capital Management L.P. | 3,089 | $214.4K | 0.00% | +324+11.7% | Added |
| Parcion Private Wealth LLC | 3,124 | $216.9K | 0.01% | +3,124 | New |
| Crewe Advisors LLC | 3,140 | $218.0K | 0.02% | +13+0.4% | Added |
| Longboard Asset Management, LP | 3,140 | $218.0K | 1.39% | +3,140 | New |
| Allworth Financial LP | 3,141 | $218.0K | 0.00% | +522+19.9% | Added |
| BKD Wealth Advisors, LLC | 3,181 | $220.9K | 0.00% | +3,181 | New |
| Public Employees Retirement System of Ohio | 3,205 | $222.5K | 0.00% | +1,600+99.7% | Added |
| Financiere des Professionnels - Fonds d,investissement inc. | 3,225 | $223.9K | 0.01% | −913−22.1% | Reduced |
| International Assets Investment Management, LLC | 220,354 | $228.8K | 0.02% | +220,354 | New |
| Richmond Investment Services, LLC | 3,328 | $231.0K | 0.04% | 00.0% | Unchanged |
| DGS Capital Management, LLC | 3,330 | $231.2K | 0.04% | +3,330 | New |
| FORA Capital, LLC | 1,953 | $233.5K | 0.03% | +1,953 | New |
| Lido Advisors, LLC | 3,791 | $234.6K | 0.00% | +134+3.7% | Added |
| J.W. Cole Advisors, Inc. | 3,396 | $235.8K | 0.01% | −265−7.2% | Reduced |
| Gotham Asset Management, LLC | 3,611 | $250.7K | 0.00% | +3,611 | New |
| Carlson Financial, Inc. | 3,694 | $256.4K | 0.15% | +3,694 | New |
| Gsa Capital Partners LLP | 3,784 | $263.0K | 0.02% | +3,784 | New |
| DekaBank Deutsche Girozentrale | 4,419 | $264.0K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 3,816 | $264.9K | 0.00% | −164−4.1% | Reduced |
| Crossmark Global Holdings, Inc. | 3,827 | $265.7K | 0.00% | 00.0% | Unchanged |
| Concurrent Investment Advisors, LLC | 3,827 | $265.7K | 0.00% | +168+4.6% | Added |
| Chilton Capital Management LLC | 3,843 | $266.8K | 0.01% | 00.0% | Unchanged |
| CIBC Private Wealth Group, LLC | 3,844 | $266.9K | 0.00% | −200−4.9% | Reduced |
| GWM Advisors LLC | 3,854 | $267.5K | 0.00% | +2,974+338.0% | Added |
| SeaCrest Wealth Management, LLC | 3,723 | $267.7K | 0.03% | +12+0.3% | Added |
| nVerses Capital, LLC | 3,944 | $273.8K | 0.61% | +3,944 | New |
| Rexford Capital Inc | 3,962 | $275.0K | 0.21% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 3,985 | $276.6K | 0.01% | −2,257−36.2% | Reduced |
| Evolve Private Wealth, LLC | 4,015 | $278.7K | 0.02% | +4,015 | New |
| Syon Capital LLC | 4,069 | $282.5K | 0.01% | +10+0.2% | Added |
| Evergreen Capital Management LLC | 4,084 | $283.5K | 0.01% | −13−0.3% | Reduced |
| Covestor Ltd | 4,197 | $292.0K | 0.15% | +3,869+1,179.6% | Added |
| Ballentine Partners, LLC | 4,215 | $292.6K | 0.00% | +33+0.8% | Added |
| Sivia Capital Partners, LLC | 4,258 | $295.6K | 0.06% | +4,258 | New |
| NorthCrest Asset Manangement, LLC | 4,348 | $301.6K | 0.01% | +549+14.5% | Added |
| Teacher Retirement System of Texas | 4,432 | $307.7K | 0.00% | −6,796−60.5% | Reduced |
| Jones Financial Companies LLLP | 4,525 | $314.1K | 0.00% | +1,134+33.4% | Added |
| Hancock Whitney Corp | 4,544 | $315.4K | 0.01% | +4,544 | New |
| Regions Financial Corp | 4,546 | $315.6K | 0.00% | 00.0% | Unchanged |
| BIP Wealth, LLC | 4,560 | $316.6K | 0.01% | +4,560 | New |
| Ruggaard & Associates LLC | 4,649 | $322.7K | 0.13% | 00.0% | Unchanged |
| CI Private Wealth, LLC | 4,804 | $333.8K | 0.00% | +204+4.4% | Added |
| CIBC World Markets Corp | 4,864 | $337.7K | 0.00% | +4,864 | New |
| HB Wealth Management, LLC | 4,890 | $339.5K | 0.00% | +1,090+28.7% | Added |
| Platform Technology Partners | 4,945 | $343.3K | 0.07% | 00.0% | Unchanged |
| Los Angeles Capital Management LLC | 5,438 | $346.1K | 0.00% | −913−14.4% | Reduced |
| Horizon Investment Services, LLC | 5,044 | $350.2K | 0.13% | +5,044 | New |
| Journey Strategic Wealth LLC | 5,056 | $351.0K | 0.01% | +393+8.4% | Added |
| Baird Financial Group, Inc. | 5,096 | $353.8K | 0.00% | +225+4.6% | Added |
| Pinnacle West Asset Management, Inc. | 5,130 | $356.0K | 0.23% | −75−1.4% | Reduced |
| M&T Bank Corp | 5,126 | $356.3K | 0.00% | +878+20.7% | Added |
| Buckingham Strategic Partners | 5,418 | $376.1K | 0.00% | −407−7.0% | Reduced |
| First National Bank Sioux Falls | 5,483 | $380.6K | 0.11% | 00.0% | Unchanged |
| Monarch Capital Management Inc | 5,485 | $380.8K | 0.09% | 00.0% | Unchanged |
| Securian Asset Management, Inc | 5,500 | $381.8K | 0.01% | +78+1.4% | Added |
| United Capital Financial Advisers, LLC | 5,516 | $382.9K | 0.00% | +5,516 | New |
| Public Employees Retirement Association of Colorado | 5,801 | $403.0K | 0.00% | 00.0% | Unchanged |
| Intrua Financial, LLC | 5,845 | $405.8K | 0.04% | −3,482−37.3% | Reduced |
| NBC Securities, Inc. | 5,852 | $406.2K | 0.03% | +339+6.1% | Added |
| Merit Financial Group, LLC | 5,869 | $407.4K | 0.00% | +2,098+55.6% | Added |
| Swiss Life Asset Management Ltd | 6,059 | $420.6K | 0.00% | +2,713+81.1% | Added |
| AssuredPartners Investment Advisors, LLC | 6,088 | $422.6K | 0.06% | +6,088 | New |
| Mission Wealth Management, LP | 6,216 | $431.5K | 0.01% | +228+3.8% | Added |
| Abel Hall, LLC | 6,335 | $439.8K | 0.10% | +6,335 | New |