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, Q1 2026
Institutional positions in Black Hills Corp as of Mar 31, 2026. 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
- 476
- +23 vs. Q4 2025
- Shares held
- 76.5M
- +13.3M (+21.0%) vs. Q4 2025
- Total value
- $5.31B
- +$935.1M (+21.4%) vs. Q4 2025
- New holders
- 67
- 186 more added
- Sold out
- 44
- 140 more reduced
8 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 12,129,658 | $841.9M | 0.01% | −8,647−0.1% | Reduced |
| Vanguard Portfolio Management LLC | 5,039,870 | $349.8M | 0.02% | +5,039,870 | New |
| State Street Corp | 3,620,556 | $251.3M | 0.01% | −159,555−4.2% | Reduced |
| Vanguard Capital Management LLC | 3,369,588 | $233.9M | 0.01% | +3,369,588 | New |
| Nomura Asset Management International Inc. | 2,679,192 | $186.0M | 0.32% | +24,130+0.9% | Added |
| Capital Research Global Investors | 2,275,922 | $158.0M | 0.02% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 2,216,003 | $153.8M | 0.13% | +1,039,059+88.3% | Added |
| Adage Capital Partners GP, L.L.C. | 2,069,827 | $143.7M | 0.22% | +477,827+30.0% | Added |
| Geode Capital Management, LLC | 1,994,815 | $138.5M | 0.01% | +100,276+5.3% | Added |
| Point72 Asset Management, L.P. | 1,943,215 | $134.9M | 0.23% | +67,994+3.6% | Added |
| Covalis Capital LLP | 1,752,846 | $121.7M | 7.49% | −304,314−14.8% | Reduced |
| Goldman Sachs Group Inc | 1,584,525 | $110.0M | 0.01% | +616,922+63.8% | Added |
| Franklin Resources Inc | 1,576,371 | $109.4M | 0.03% | +743,644+89.3% | Added |
| AQR Capital Management LLC | 1,595,595 | $109.4M | 0.05% | +177,211+12.5% | Added |
| Cohen & Steers, Inc. | 1,268,274 | $88.0M | 0.15% | −117,485−8.5% | Reduced |
| Charles Schwab Investment Management Inc | 1,216,351 | $84.4M | 0.01% | +24,703+2.1% | Added |
| Dimensional Fund Advisors LP | 1,141,272 | $79.2M | 0.02% | +18,109+1.6% | Added |
| Engineers Gate Manager LP | 1,062,853 | $73.8M | 0.92% | +213,780+25.2% | Added |
| Invesco Ltd. | 1,060,663 | $73.6M | 0.01% | +450,957+74.0% | Added |
| Nuveen, LLC | 973,246 | $67.6M | 0.02% | −256,959−20.9% | Reduced |
| Northern Trust Corp | 944,294 | $65.5M | 0.01% | +25,467+2.8% | Added |
| Citadel Advisors LLC | 903,014 | $62.7M | 0.04% | +802,346+797.0% | Added |
| Bank of America Corp | 899,963 | $62.5M | 0.00% | +469,733+109.2% | Added |
| Morgan Stanley | 820,845 | $57.0M | 0.00% | +254,014+44.8% | Added |
| Bank of New York Mellon Corp | 784,251 | $54.4M | 0.01% | −5,427−0.7% | Reduced |
| Fuller & Thaler Asset Management, Inc. | 768,692 | $53.4M | 0.18% | −31,766−4.0% | Reduced |
| Zimmer Partners, LP | 741,034 | $51.4M | 1.26% | +465,000+168.5% | Added |
| First Trust Advisors LP | 705,051 | $48.9M | 0.03% | −23,892−3.3% | Reduced |
| Victory Capital Management Inc | 685,095 | $47.6M | 0.03% | −21,232−3.0% | Reduced |
| Pictet Asset Management Holding SA | 593,543 | $41.2M | 0.04% | +582,523+5,286.1% | Added |
| Gabelli Funds LLC | 530,316 | $36.8M | 0.25% | −3,015−0.6% | Reduced |
| Crawford Investment Counsel Inc | 516,756 | $35.9M | 0.61% | +27,191+5.6% | Added |
| Vanguard Fiduciary Trust Co | 490,014 | $34.0M | 0.01% | +490,014 | New |
| Duff & Phelps Investment Management Co | 459,540 | $31.9M | 0.33% | +69,840+17.9% | Added |
| ProShare Advisors LLC | 447,561 | $31.1M | 0.05% | −155,581−25.8% | Reduced |
| Old Republic International Corporation | 416,000 | $28.9M | 1.15% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 410,555 | $28.4M | 0.00% | −26,816−6.1% | Reduced |
| UBS Group AG | 399,306 | $27.7M | 0.00% | −172,921−30.2% | Reduced |
| Manufacturers Life Insurance Company, The | 394,966 | $27.4M | 0.02% | +1,618+0.4% | Added |
| Freestone Grove Partners LP | 392,821 | $27.3M | 0.20% | +126,816+47.7% | Added |
| Janus Henderson Group PLC | 373,694 | $25.9M | 0.01% | −24,726−6.2% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 352,573 | $24.5M | 0.08% | −28,001−7.4% | Reduced |
| D. E. Shaw & Co., Inc. | 347,654 | $24.1M | 0.02% | +296,734+582.7% | Added |
| HighTower Advisors, LLC | 334,520 | $23.2M | 0.02% | +55,861+20.0% | Added |
| Principal Financial Group Inc | 320,946 | $22.3M | 0.01% | +157,549+96.4% | Added |
| Legal & General Group Plc | 313,822 | $21.8M | 0.01% | −25,630−7.6% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 281,439 | $19.5M | 0.05% | +122,098+76.6% | Added |
| Squarepoint Ops LLC | 269,075 | $18.7M | 0.04% | +56,052+26.3% | Added |
| Yaupon Capital Management LP | 246,649 | $17.1M | 0.84% | +107,691+77.5% | Added |
| Think Investments LP | 237,500 | $16.5M | 2.22% | −300,137−55.8% | Reduced |
| Rhumbline Advisers | 230,849 | $16.0M | 0.01% | +5,403+2.4% | Added |
| Paradiem, LLC | 224,868 | $15.6M | 3.44% | −9,819−4.2% | Reduced |
| Gamco Investors, Inc. Et Al | 207,327 | $14.4M | 0.14% | +195+0.1% | Added |
| Jane Street Group, LLC | 180,791 | $12.5M | 0.01% | −59,760−24.8% | Reduced |
| California Public Employees Retirement System | 180,499 | $12.5M | 0.01% | −22,838−11.2% | Reduced |
| Glenmede Trust Co NA | 174,750 | $12.1M | 0.06% | −16,660−8.7% | Reduced |
| Resolution Capital Ltd | 171,708 | $11.9M | 0.25% | +171,708 | New |
| Swiss National Bank | 149,279 | $10.4M | 0.01% | +5,500+3.8% | Added |
| Alliancebernstein L.P. | 147,473 | $10.2M | 0.00% | −161,668−52.3% | Reduced |
| Hunter Perkins Capital Management, LLC | 140,713 | $9.77M | 2.29% | +204+0.1% | Added |
| Leeward Investments, LLC - MA | 137,775 | $9.56M | 0.47% | −3,805−2.7% | Reduced |
| Ameriprise Financial Inc | 133,983 | $9.30M | 0.00% | +15,242+12.8% | Added |
| BW Gestao de Investimentos Ltda. | 130,738 | $9.07M | 0.40% | +44,519+51.6% | Added |
| Voya Investment Management LLC | 130,024 | $9.02M | 0.01% | −125,874−49.2% | Reduced |
| First Eagle Investment Management, LLC | 128,770 | $8.94M | 0.02% | +2,100+1.7% | Added |
| Martin Capital Partners, LLC | 123,329 | $8.56M | 3.18% | −160−0.1% | Reduced |
| Russell Investments Group, Ltd. | 123,169 | $8.55M | 0.01% | +9,408+8.3% | Added |
| Man Group plc | 122,847 | $8.53M | 0.02% | +50,683+70.2% | Added |
| Mutual of America Capital Management LLC | 121,348 | $8.42M | 0.10% | −3,136−2.5% | Reduced |
| Phocas Financial Corp. | 119,835 | $8.32M | 1.31% | −34,206−22.2% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 117,547 | $8.16M | 0.04% | −5,035−4.1% | Reduced |
| Stifel Financial Corp | 116,769 | $8.10M | 0.01% | +1,160+1.0% | Added |
| UBS Asset Management Americas Inc | 115,263 | $8.00M | 0.00% | −470.0% | Reduced |
| Voloridge Investment Management, LLC | 114,185 | $7.93M | 0.03% | +81,594+250.4% | Added |
| Congress Asset Management Co | 111,746 | $7.76M | 0.06% | +21,059+23.2% | Added |
| HITE Hedge Asset Management LLC | 108,500 | $7.53M | 0.43% | +83,500+334.0% | Added |
| SEI Investments Co | 105,346 | $7.31M | 0.01% | +15,985+17.9% | Added |
| Royal Bank of Canada | 103,103 | $7.16M | 0.00% | −9,342−8.3% | Reduced |
| Verition Fund Management LLC | 99,259 | $6.89M | 0.07% | −152,176−60.5% | Reduced |
| Mairs & Power Inc | 98,285 | $6.82M | 0.07% | +4,147+4.4% | Added |
| Thrivent Financial for Lutherans | 93,063 | $6.46M | 0.01% | −1,401−1.5% | Reduced |
| Retirement Systems of Alabama | 92,528 | $6.42M | 0.02% | +1,949+2.2% | Added |
| California State Teachers Retirement System | 89,470 | $6.21M | 0.01% | +20,404+29.5% | Added |
| Tudor Investment Corp Et Al | 88,200 | $6.12M | 0.03% | +88,200 | New |
| Price T Rowe Associates Inc | 88,145 | $6.12M | 0.00% | +15,680+21.6% | Added |
| Arrowstreet Capital, Limited Partnership | 81,807 | $5.68M | 0.00% | +81,807 | New |
| Cerity Partners LLC | 81,799 | $5.68M | 0.01% | −3,607−4.2% | Reduced |
| Edgestream Partners, L.P. | 81,492 | $5.66M | 0.19% | +67,717+491.6% | Added |
| Renaissance Technologies LLC | 79,200 | $5.50M | 0.01% | +79,200 | New |
| MetLife Investment Management | 77,091 | $5.35M | 0.03% | +969+1.3% | Added |
| Alta Capital Management LLC | 75,098 | $5.21M | 0.40% | +13,209+21.3% | Added |
| Quantbot Technologies LP | 74,314 | $5.16M | 0.21% | +62,841+547.7% | Added |
| Magellan Asset Management Ltd | 74,162 | $5.15M | 0.07% | +22,630+43.9% | Added |
| Hudson Bay Capital Management LP | 73,901 | $5.13M | 0.03% | +33,263+81.9% | Added |
| New York State Teachers Retirement System | 70,938 | $4.92M | 0.01% | −2,452−3.3% | Reduced |
| Envestnet Asset Management Inc | 68,476 | $4.75M | 0.00% | +3,137+4.8% | Added |
| Quantinno Capital Management LP | 67,672 | $4.70M | 0.01% | +49,837+279.4% | Added |
| Ieq Capital, LLC | 65,821 | $4.57M | 0.02% | −30,920−32.0% | Reduced |
| Mackenzie Financial Corp | 65,145 | $4.52M | 0.01% | +13,889+27.1% | Added |
| Lighthouse Investment Partners, LLC | 65,142 | $4.52M | 0.17% | +55,554+579.4% | Added |