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 |
|---|---|---|---|---|---|
| St Germain D J Co Inc | 286 | $19.9K | 0.00% | 00.0% | Unchanged |
| Clearstead Advisors, LLC | 274 | $19.0K | 0.00% | −504−64.8% | Reduced |
| Brown Brothers Harriman & Co | 254 | $17.6K | 0.00% | +254 | New |
| Kemnay Advisory Services Inc. | 229 | $15.9K | 0.00% | +229 | New |
| Bogart Wealth, LLC | 220 | $15.3K | 0.00% | −51−18.8% | Reduced |
| LRI Investments, LLC | 211 | $14.7K | 0.00% | −57−21.3% | Reduced |
| MAI Capital Management | 200 | $13.9K | 0.00% | +54+37.0% | Added |
| Elyxium Wealth, LLC | 169 | $11.7K | 0.00% | +169 | New |
| GHP Investment Advisors, Inc. | 159 | $11.0K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 140 | $9.73K | 0.00% | −16,515−99.2% | Reduced |
| UMA Financial Services, Inc. | 121 | $8.40K | 0.00% | +8+7.1% | Added |
| Steward Partners Investment Advisory, LLC | 107 | $7.43K | 0.00% | −58−35.2% | Reduced |
| Ares Financial Consulting, LLC | 101 | $7.01K | 0.01% | +101 | New |
| 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 |
| Private Wealth Management Group, LLC | 97 | $6.73K | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 94 | $6.53K | 0.00% | −1−1.1% | Reduced |
| Root Financial Partners, LLC | 86 | $5.97K | 0.00% | +12+16.2% | Added |
| Truvestments Capital LLC | 81 | $5.62K | 0.00% | 00.0% | Unchanged |
| Basecamp Wealth Advisors LLC | 63 | $4.37K | 0.00% | +63 | New |
| Sound Income Strategies, LLC | 52 | $3.83K | 0.00% | 00.0% | Unchanged |
| Manchester Capital Management LLC | 54 | $3.75K | 0.00% | +54 | New |
| Parkside Financial Bank & Trust | 50 | $3.47K | 0.00% | 00.0% | Unchanged |
| SageView Advisory Group, LLC | 45 | $3.12K | 0.00% | +45 | New |
| JFS Wealth Advisors, LLC | 41 | $2.85K | 0.00% | +14+51.9% | Added |
| 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 |
| Bell Investment Advisors, Inc | 36 | $2.50K | 0.00% | 00.0% | Unchanged |
| Cornerstone Planning Group LLC | 34 | $2.45K | 0.00% | +7+25.9% | Added |
| Godfrey Financial Associates, Inc. | 32 | $2.22K | 0.00% | +32 | New |
| Kilter Group LLC | 28 | $1.94K | 0.00% | +15+115.4% | Added |
| Trust Co | 25 | $1.74K | 0.00% | +25 | New |
| Keating Financial Advisory Services, Inc. | 25 | $1.74K | 0.00% | +25 | New |
| Steigerwald, Gordon & Koch Inc. | 24 | $1.67K | 0.00% | +24 | New |
| Cornerstone Financial Management LLC | 22 | $1.53K | 0.00% | +22 | New |
| Bare Financial Services, Inc | 21 | $1.46K | 0.00% | +8+61.5% | Added |
| 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 |
| Capital Advisors, Ltd. LLC | 14 | $1.00K | 0.00% | 00.0% | Unchanged |
| Avion Wealth | 20 | $1.00K | 0.00% | 00.0% | Unchanged |
| Spire Wealth Management | 13 | $902 | 0.00% | 00.0% | Unchanged |
| SWAN Capital LLC | 12 | $839 | 0.00% | +12 | New |
| Torren Management, LLC | 12 | $814 | 0.00% | +12 | New |
| Sachetta, LLC | 10 | $695 | 0.00% | 00.0% | Unchanged |
| Caitlin John, LLC | 10 | $664 | 0.00% | +1+11.1% | 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 |
| Bay Harbor Wealth Management, LLC | 8 | $555 | 0.00% | +4+100.0% | 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 |
| SJS Investment Consulting Inc. | 5 | $348 | 0.00% | 00.0% | Unchanged |
| HFM Investment Advisors, LLC | 5 | $348 | 0.00% | +2+66.7% | Added |
| Leonteq Securities AG | 3 | $208 | 0.00% | 00.0% | Unchanged |
| 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 |
| Dunhill Financial, LLC | 1 | $93 | 0.00% | +1 | New |
| Toronto Dominion Bank | 1 | $72 | 0.00% | +1 | New |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −664,080−100.0% | Sold out |
| Invenomic Capital Management LP | 0 | $0 | 0.00% | −318,356−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −232,500−100.0% | Sold out |
| Meeder Asset Management Inc | 0 | $0 | 0.00% | −81,954−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −65,327−100.0% | Sold out |
| Segall Bryant & Hamill, LLC | 0 | $0 | 0.00% | −62,793−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −45,172−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −32,104−100.0% | Sold out |
| Elo Mutual Pension Insurance Co | 0 | $0 | 0.00% | −30,113−100.0% | Sold out |
| John Boyer, Inc. | 0 | $0 | 0.00% | −21,354−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −17,274−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −14,512−100.0% | Sold out |
| DRW Securities, LLC | 0 | $0 | 0.00% | −9,514−100.0% | Sold out |
| Burke & Herbert Bank & Trust Co | 0 | $0 | 0.00% | −8,000−100.0% | Sold out |
| Henshaw Capital LLC | 0 | $0 | 0.00% | −7,728−100.0% | Sold out |
| Blueshift Asset Management, LLC | 0 | $0 | 0.00% | −7,645−100.0% | Sold out |
| Hilltop Holdings Inc. | 0 | $0 | 0.00% | −6,555−100.0% | Sold out |
| RIA Advisory Group LLC | 0 | $0 | 0.00% | −6,086−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −5,820−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −5,776−100.0% | Sold out |
| Polymer Capital Management (US) LLC | 0 | $0 | 0.00% | −5,775−100.0% | Sold out |
| IFM Investors Pty Ltd | 0 | $0 | 0.00% | −5,200−100.0% | Sold out |
| Strategic Blueprint, LLC | 0 | $0 | 0.00% | −4,513−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −4,133−100.0% | Sold out |
| Axq Capital, LP | 0 | $0 | 0.00% | −3,839−100.0% | Sold out |
| NorthRock Partners, LLC | 0 | $0 | 0.00% | −3,807−100.0% | Sold out |
| Legacy Financial Advisors, Inc. | 0 | $0 | 0.00% | −3,711−100.0% | Sold out |
| Inceptionr LLC | 0 | $0 | 0.00% | −3,705−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −3,437−100.0% | Sold out |
| Mirabella Financial Services LLP | 0 | $0 | 0.00% | −3,338−100.0% | Sold out |
| Principal Securities, Inc. | 0 | $0 | 0.00% | −2,050−100.0% | Sold out |
| Federation des caisses Desjardins du Quebec | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −727−100.0% | Sold out |
| Pathway Financial Advisers, LLC | 0 | $0 | 0.00% | −613−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −426−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −372−100.0% | Sold out |
| Rise Advisors, LLC | 0 | $0 | 0.00% | −277−100.0% | Sold out |
| Hopwood Financial Services, Inc. | 0 | $0 | 0.00% | −216−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −176−100.0% | Sold out |