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 |
|---|---|---|---|---|---|
| Hilltop Holdings Inc. | 6,710 | $465.7K | 0.04% | +6,710 | New |
| Daiwa Securities Group Inc. | 6,738 | $467.7K | 0.00% | +83+1.2% | Added |
| Huber Capital Management LLC | 6,861 | $476.2K | 0.07% | −4,354−38.8% | Reduced |
| IFP Advisors, Inc | 6,876 | $477.3K | 0.01% | −42−0.6% | Reduced |
| Vise Technologies, Inc. | 6,883 | $477.8K | 0.01% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 8,190 | $496.7K | 0.16% | +6,416+361.7% | Added |
| IMC-Chicago, LLC | 7,233 | $502.0K | 0.01% | −14,163−66.2% | Reduced |
| Inspire Advisors, LLC | 7,257 | $503.7K | 0.04% | −1,310−15.3% | Reduced |
| Twinbeech Capital LP | 7,300 | $506.7K | 0.05% | +7,300 | New |
| Pinnacle Financial Partners, Inc. | 7,520 | $522.0K | 0.00% | +7,520 | New |
| Swiss Life Asset Management Ltd | 7,595 | $527.2K | 0.00% | +1,536+25.4% | Added |
| Summit Global Investments | 7,670 | $532.0K | 0.03% | −496−6.1% | Reduced |
| Oakmont Investment Advisors, Inc. | 7,700 | $534.5K | 0.49% | −4,570−37.2% | Reduced |
| Federated Hermes, Inc. | 7,736 | $537.0K | 0.00% | −66,597−89.6% | Reduced |
| Tower Research Capital LLC (TRC) | 7,757 | $538.4K | 0.01% | +3,772+94.7% | Added |
| Brighton Jones LLC | 7,809 | $542.0K | 0.01% | +7,809 | New |
| Colony Group, LLC | 7,857 | $545.4K | 0.00% | −830−9.6% | Reduced |
| Vident Advisory, LLC | 8,016 | $556.4K | 0.00% | +8,016 | New |
| Arkadios Wealth Advisors | 8,028 | $557.3K | 0.01% | +621+8.4% | Added |
| Eagle Harbor Asset Management Inc | 8,138 | $564.8K | 0.48% | −1,318−13.9% | Reduced |
| Landscape Capital Management, L.L.C. | 8,266 | $573.7K | 0.04% | −3,521−29.9% | Reduced |
| Assetmark, Inc | 8,299 | $576.0K | 0.00% | +419+5.3% | Added |
| EP Wealth Advisors, LLC | 8,491 | $589.4K | 0.00% | −228−2.6% | Reduced |
| Brevan Howard Capital Management LP | 8,760 | $608.0K | 0.01% | −6,749−43.5% | Reduced |
| Navellier & Associates Inc | 8,986 | $623.7K | 0.07% | −22−0.2% | Reduced |
| Meeder Advisory Services, Inc. | 9,065 | $629.2K | 0.03% | −127−1.4% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 9,154 | $635.4K | 0.02% | +9,154 | New |
| US Bancorp | 9,308 | $646.1K | 0.00% | −162−1.7% | Reduced |
| Creative Financial Designs Inc | 9,315 | $646.5K | 0.04% | +6,483+228.9% | Added |
| CWM Advisors, LLC | 9,865 | $684.7K | 0.04% | −41−0.4% | Reduced |
| Commonwealth Equity Services, LLC | 9,932 | $689.4K | 0.00% | −2,122−17.6% | Reduced |
| State of Alaska, Department of Revenue | 10,048 | $697.0K | 0.01% | +275+2.8% | Added |
| Guggenheim Capital LLC | 10,063 | $698.5K | 0.01% | +876+9.5% | Added |
| CIBC Bancorp USA Inc. | 10,603 | $736.0K | 0.00% | +10,603 | New |
| Xponance, Inc. | 10,659 | $739.8K | 0.01% | +1,698+18.9% | Added |
| RSM US Wealth Management LLC | 10,749 | $746.1K | 0.01% | −194−1.8% | Reduced |
| Algert Global LLC | 10,754 | $746.4K | 0.01% | −109,850−91.1% | Reduced |
| Bahl & Gaynor Inc | 10,850 | $753.1K | 0.00% | 00.0% | Unchanged |
| Icon Advisers Inc | 11,237 | $780.0K | 0.18% | −1,000−8.2% | Reduced |
| Pacer Advisors, Inc. | 11,269 | $782.0K | 0.00% | +2,404+27.1% | Added |
| Horizon Investments, LLC | 11,355 | $788.2K | 0.01% | −23,168−67.1% | Reduced |
| Uncommon Cents Investing LLC | 11,355 | $788.2K | 0.18% | −50−0.4% | Reduced |
| Western Wealth Management, LLC | 11,764 | $816.5K | 0.03% | +11,764 | New |
| O'Shaughnessy Asset Management, LLC | 11,800 | $819.0K | 0.00% | +872+8.0% | Added |
| Natixis Advisors, L.P. | 12,281 | $852.0K | 0.00% | −83−0.7% | Reduced |
| Quadrature Capital Ltd | 12,389 | $859.9K | 0.01% | +12,389 | New |
| Roehl & Yi Investment Advisors, LLC | 12,435 | $863.1K | 0.32% | −68−0.5% | Reduced |
| Entropy Technologies, LP | 12,473 | $865.8K | 0.04% | −23,687−65.5% | Reduced |
| Axq Capital, LP | 12,485 | $866.6K | 0.11% | +12,485 | New |
| Exchange Traded Concepts, LLC | 12,555 | $871.4K | 0.01% | −2,646−17.4% | Reduced |
| Smith, Moore & Co. | 12,642 | $877.5K | 0.06% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 12,795 | $888.1K | 0.03% | +1,988+18.4% | Added |
| Eagle Global Advisors LLC | 12,830 | $890.5K | 0.03% | 00.0% | Unchanged |
| D.A. Davidson & Co. | 13,067 | $907.0K | 0.01% | −2,260−14.7% | Reduced |
| Prudential Financial Inc | 13,222 | $917.7K | 0.00% | −10,055−43.2% | Reduced |
| The PNC Financial Services Group, Inc. | 13,290 | $922.5K | 0.00% | −190−1.4% | Reduced |
| New Mexico Educational Retirement Board | 13,306 | $924.0K | 0.03% | 00.0% | Unchanged |
| Kestra Investment Management, LLC | 13,941 | $967.6K | 0.02% | −1,908−12.0% | Reduced |
| Neuberger Berman Group LLC | 14,318 | $993.8K | 0.00% | −2,177−13.2% | Reduced |
| Picton Mahoney Asset Management | 14,559 | $1.01M | 0.01% | +14,540+76,526.3% | Added |
| Ensign Peak Advisors, Inc | 14,755 | $1.02M | 0.00% | +12,117+459.3% | Added |
| Greenland Capital Management LP | 15,000 | $1.04M | 0.21% | −3,126−17.2% | Reduced |
| Burford Brothers, Inc. | 15,120 | $1.05M | 0.43% | +2,437+19.2% | Added |
| Oregon Public Employees Retirement Fund | 15,522 | $1.08M | 0.01% | +400+2.6% | Added |
| Great Lakes Advisors, LLC | 15,808 | $1.10M | 0.01% | +15,808 | New |
| Quadrant Capital Group LLC | 16,004 | $1.11M | 0.03% | +32+0.2% | Added |
| Allstate Corp | 16,213 | $1.13M | 0.01% | +16,213 | New |
| Atria Investments LLC | 16,384 | $1.14M | 0.01% | +7,614+86.8% | Added |
| Miller Howard Investments Inc | 16,516 | $1.15M | 0.03% | +1,159+7.5% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 16,881 | $1.17M | 0.00% | +9,245+121.1% | Added |
| Northwestern Mutual Investment Management Company, LLC | 16,908 | $1.17M | 0.02% | +22+0.1% | Added |
| Sequoia Financial Advisors, LLC | 17,007 | $1.18M | 0.01% | −6,016−26.1% | Reduced |
| Advisor Group Holdings, Inc. | 17,299 | $1.20M | 0.00% | −3,238−15.8% | Reduced |
| Cornerstone Wealth Management, LLC | 17,437 | $1.21M | 0.06% | −195−1.1% | Reduced |
| Group One Trading, L.P. | 17,689 | $1.23M | 0.04% | +680+4.0% | Added |
| State of Michigan Retirement System | 18,200 | $1.26M | 0.01% | +400+2.2% | Added |
| Neo Ivy Capital Management | 18,234 | $1.27M | 0.33% | +18,234 | New |
| First PREMIER Bank | 18,371 | $1.27M | 0.29% | −453−2.4% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 18,550 | $1.29M | 0.00% | +3,598+24.1% | Added |
| Hantz Financial Services, Inc. | 18,728 | $1.30M | 0.02% | +6,602+54.4% | Added |
| Bank of Montreal | 18,829 | $1.31M | 0.00% | +405+2.2% | Added |
| Foundations Investment Advisors, LLC | 18,977 | $1.32M | 0.02% | +1,415+8.1% | Added |
| Pathstone Holdings, LLC | 19,049 | $1.32M | 0.01% | −1,985−9.4% | Reduced |
| Hancock Whitney Corp | 17,774 | $1.34M | 0.02% | +13,230+291.2% | Added |
| Harbor Capital Advisors, Inc. | 19,478 | $1.35M | 0.11% | +12,476+178.2% | Added |
| FMR LLC | 19,560 | $1.36M | 0.00% | −3,184−14.0% | Reduced |
| Avantax Planning Partners, Inc. | 20,022 | $1.39M | 0.04% | −5,795−22.4% | Reduced |
| AdvisorNet Financial, Inc | 20,211 | $1.40M | 0.07% | +256+1.3% | Added |
| Police & Firemen's Retirement System of New Jersey | 20,367 | $1.41M | 0.01% | +536+2.7% | Added |
| CWA Asset Management Group, LLC | 20,397 | $1.42M | 0.05% | +3,520+20.9% | Added |
| Intech Investment Management LLC | 20,450 | $1.42M | 0.01% | −9,059−30.7% | Reduced |
| Arizona State Retirement System | 20,736 | $1.44M | 0.01% | +364+1.8% | Added |
| Wealth Enhancement Advisory Services, LLC | 24,255 | $1.45M | 0.00% | +4,162+20.7% | Added |
| Yousif Capital Management, LLC | 21,233 | $1.47M | 0.02% | −1,057−4.7% | Reduced |
| Teachers Retirement System of the State of Kentucky | 21,298 | $1.48M | 0.01% | 00.0% | Unchanged |
| PEAK6 LLC | 21,677 | $1.50M | 0.04% | +21,677 | New |
| Louisiana State Employees Retirement System | 21,900 | $1.52M | 0.03% | +1,000+4.8% | Added |
| Capital Financial Group Inc | 22,121 | $1.54M | 0.84% | +171+0.8% | Added |
| XTX Topco Ltd | 22,290 | $1.55M | 0.03% | +22,290 | New |
| Capital Fund Management S.A. | 22,466 | $1.56M | 0.01% | +22,466 | New |