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 |
|---|---|---|---|---|---|
| JustInvest LLC | 22,757 | $1.58M | 0.02% | −271−1.2% | Reduced |
| Advisors Asset Management, Inc. | 23,437 | $1.63M | 0.03% | −5,866−20.0% | Reduced |
| Convergence Investment Partners, LLC | 24,379 | $1.69M | 0.28% | +510+2.1% | Added |
| Susquehanna Portfolio Strategies, LLC | 24,495 | $1.70M | 0.03% | −29,260−54.4% | Reduced |
| Empowered Funds, LLC | 24,929 | $1.73M | 0.01% | +24,929 | New |
| Buckley Wealth Management, LLC | 25,531 | $1.77M | 0.45% | −1,000−3.8% | Reduced |
| State Board of Administration of Florida Retirement System | 26,244 | $1.82M | 0.00% | 00.0% | Unchanged |
| Elo Mutual Pension Insurance Co | 26,958 | $1.87M | 0.03% | +26,958 | New |
| Mercer Global Advisors Inc | 27,761 | $1.93M | 0.00% | +1,637+6.3% | Added |
| Riverwater Partners LLC | 28,047 | $1.95M | 0.65% | −13,532−32.5% | Reduced |
| BNP Paribas Arbitrage, SA | 28,059 | $1.95M | 0.00% | +3,826+15.8% | Added |
| Barnett & Company, Inc. | 29,200 | $2.03M | 1.58% | +500+1.7% | Added |
| SG Americas Securities, LLC | 29,220 | $2.03M | 0.00% | +22,185+315.4% | Added |
| Dark Forest Capital Management LP | 29,798 | $2.07M | 0.18% | +15,205+104.2% | Added |
| DC Investments Management, LLC | 29,900 | $2.08M | 0.79% | 00.0% | Unchanged |
| Vanguard Global Advisers, LLC | 29,969 | $2.08M | 0.00% | +29,969 | New |
| Van Eck Associates Corp | 30,471 | $2.12M | 0.00% | +2,269+8.0% | Added |
| Citigroup Inc | 30,632 | $2.13M | 0.00% | +9,232+43.1% | Added |
| State of New Jersey Common Pension Fund D | 30,769 | $2.14M | 0.01% | +84+0.3% | Added |
| Gsa Capital Partners LLP | 31,051 | $2.15M | 0.13% | +27,267+720.6% | Added |
| HSBC Holdings PLC | 31,687 | $2.18M | 0.00% | +24,419+336.0% | Added |
| HRT Financial LP | 31,542 | $2.19M | 0.01% | +31,542 | New |
| Bollard Group LLC | 31,880 | $2.21M | 0.07% | +4,639+17.0% | Added |
| Dynamic Technology Lab Private Ltd | 32,250 | $2.24M | 0.37% | +32,250 | New |
| Fifth Third Bancorp | 32,284 | $2.24M | 0.00% | +31,522+4,136.7% | Added |
| Banque Pictet & Cie SA | 32,452 | $2.25M | 0.03% | +32,452 | New |
| Amalgamated Bank | 32,568 | $2.26M | 0.02% | +849+2.7% | Added |
| Bridgeway Capital Management, LLC | 33,000 | $2.29M | 0.05% | +4,000+13.8% | Added |
| Polaris Capital Management, LLC | 33,700 | $2.34M | 0.19% | 00.0% | Unchanged |
| Cetera Investment Advisers | 35,532 | $2.47M | 0.00% | +6,281+21.5% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 35,713 | $2.48M | 0.00% | +1,616+4.7% | Added |
| Brinker Capital Investments, LLC | 35,958 | $2.50M | 0.02% | −2,781−7.2% | Reduced |
| Millennium Management LLC | 36,511 | $2.53M | 0.00% | −538,432−93.6% | Reduced |
| State of Tennessee, Treasury Department | 37,333 | $2.59M | 0.01% | 00.0% | Unchanged |
| First Manhattan Co | 37,859 | $2.63M | 0.01% | −4,893−11.4% | Reduced |
| Schonfeld Strategic Advisors LLC | 40,230 | $2.79M | 0.02% | +17,049+73.5% | Added |
| State of Wisconsin Investment Board | 40,726 | $2.83M | 0.01% | −8,119−16.6% | Reduced |
| BTG Pactual Asset Management US LLC | 41,001 | $2.85M | 0.28% | +11,899+40.9% | Added |
| AMG National Trust Bank | 43,360 | $3.01M | 0.07% | −496−1.1% | Reduced |
| Great West Life Assurance Co | 43,904 | $3.05M | 0.01% | 00.0% | Unchanged |
| Hennessy Advisors Inc | 45,147 | $3.13M | 0.11% | −2,000−4.2% | Reduced |
| Allianz Asset Management GmbH | 45,173 | $3.14M | 0.00% | +7,362+19.5% | Added |
| Raymond James Financial Inc | 45,424 | $3.15M | 0.00% | −5,687−11.1% | Reduced |
| New York State Common Retirement Fund | 45,676 | $3.17M | 0.00% | +1,400+3.2% | Added |
| Mariner, LLC | 45,684 | $3.17M | 0.00% | −7,757−14.5% | Reduced |
| Farmers & Merchants Investments Inc | 45,712 | $3.17M | 0.09% | −266−0.6% | Reduced |
| Synergy Financial Management, LLC | 46,277 | $3.21M | 0.34% | +46,277 | New |
| Martingale Asset Management L P | 46,446 | $3.22M | 0.08% | −20,793−30.9% | Reduced |
| Ameritas Investment Partners, Inc. | 46,621 | $3.24M | 0.10% | +8,746+23.1% | Added |
| Lesa Sroufe & Co | 46,831 | $3.25M | 2.21% | +574+1.2% | Added |
| Creative Planning | 47,064 | $3.27M | 0.00% | −686−1.4% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 47,345 | $3.29M | 0.01% | −13,132−21.7% | Reduced |
| Captrust Financial Advisors | 47,998 | $3.33M | 0.01% | +34,238+248.8% | Added |
| Blackstone Group Inc. | 48,233 | $3.35M | 0.01% | +48,233 | New |
| CI Private Wealth, LLC | 48,242 | $3.35M | 0.00% | +43,438+904.2% | Added |
| Macquarie Group Ltd | 48,256 | $3.35M | 0.02% | +8,109+20.2% | Added |
| Alps Advisors Inc | 48,365 | $3.36M | 0.02% | +1,804+3.9% | Added |
| Cozad Asset Management Inc | 48,569 | $3.37M | 0.26% | +1,344+2.8% | Added |
| Cambridge Investment Research Advisors, Inc. | 49,170 | $3.41M | 0.01% | −625−1.3% | Reduced |
| CWM, LLC | 49,386 | $3.43M | 0.01% | +1,412+2.9% | Added |
| Nisa Investment Advisors, LLC | 49,787 | $3.46M | 0.01% | +100+0.2% | Added |
| Midwest Trust Co | 49,953 | $3.47M | 0.04% | −1,459−2.8% | Reduced |
| Ontario Teachers Pension Plan Board | 50,703 | $3.52M | 0.10% | −4,149−7.6% | Reduced |
| John G Ullman & Associates Inc | 50,924 | $3.53M | 0.47% | −467−0.9% | Reduced |
| Barclays PLC | 51,619 | $3.58M | 0.00% | −112,460−68.5% | Reduced |
| Vanguard Investments Australia, Ltd. | 56,637 | $3.93M | 0.01% | +56,637 | New |
| Wells Fargo & Company | 56,826 | $3.94M | 0.00% | −63,019−52.6% | Reduced |
| Burney Co | 56,944 | $3.95M | 0.12% | −24,791−30.3% | Reduced |
| Vanguard Asset Management, Ltd | 57,458 | $3.99M | 0.00% | +57,458 | New |
| Susquehanna International Group, LLP | 57,823 | $4.01M | 0.01% | −24,527−29.8% | Reduced |
| LPL Financial LLC | 57,972 | $4.02M | 0.00% | +9,638+19.9% | Added |
| South Dakota Investment Council | 58,050 | $4.03M | 0.08% | −3,225−5.3% | Reduced |
| SummitTX Capital, L.P. | 59,158 | $4.11M | 0.13% | +13,385+29.2% | Added |
| Warren Averett Asset Management, LLC | 59,333 | $4.12M | 0.03% | +581+1.0% | Added |
| Boston Partners | 62,908 | $4.37M | 0.00% | +4,355+7.4% | Added |
| Deutsche Bank AG | 63,002 | $4.37M | 0.00% | +7,571+13.7% | Added |
| Lighthouse Investment Partners, LLC | 65,142 | $4.52M | 0.17% | +55,554+579.4% | Added |
| Mackenzie Financial Corp | 65,145 | $4.52M | 0.01% | +13,889+27.1% | Added |
| Ieq Capital, LLC | 65,821 | $4.57M | 0.02% | −30,920−32.0% | Reduced |
| Quantinno Capital Management LP | 67,672 | $4.70M | 0.01% | +49,837+279.4% | Added |
| Envestnet Asset Management Inc | 68,476 | $4.75M | 0.00% | +3,137+4.8% | Added |
| New York State Teachers Retirement System | 70,938 | $4.92M | 0.01% | −2,452−3.3% | Reduced |
| Hudson Bay Capital Management LP | 73,901 | $5.13M | 0.03% | +33,263+81.9% | Added |
| Magellan Asset Management Ltd | 74,162 | $5.15M | 0.07% | +22,630+43.9% | Added |
| Quantbot Technologies LP | 74,314 | $5.16M | 0.21% | +62,841+547.7% | Added |
| Alta Capital Management LLC | 75,098 | $5.21M | 0.40% | +13,209+21.3% | Added |
| MetLife Investment Management | 77,091 | $5.35M | 0.03% | +969+1.3% | Added |
| Renaissance Technologies LLC | 79,200 | $5.50M | 0.01% | +79,200 | New |
| Edgestream Partners, L.P. | 81,492 | $5.66M | 0.19% | +67,717+491.6% | Added |
| Cerity Partners LLC | 81,799 | $5.68M | 0.01% | −3,607−4.2% | Reduced |
| Arrowstreet Capital, Limited Partnership | 81,807 | $5.68M | 0.00% | +81,807 | New |
| Price T Rowe Associates Inc | 88,145 | $6.12M | 0.00% | +15,680+21.6% | Added |
| Tudor Investment Corp Et Al | 88,200 | $6.12M | 0.03% | +88,200 | New |
| California State Teachers Retirement System | 89,470 | $6.21M | 0.01% | +20,404+29.5% | Added |
| Retirement Systems of Alabama | 92,528 | $6.42M | 0.02% | +1,949+2.2% | Added |
| Thrivent Financial for Lutherans | 93,063 | $6.46M | 0.01% | −1,401−1.5% | Reduced |
| Mairs & Power Inc | 98,285 | $6.82M | 0.07% | +4,147+4.4% | Added |
| Verition Fund Management LLC | 99,259 | $6.89M | 0.07% | −152,176−60.5% | Reduced |
| Royal Bank of Canada | 103,103 | $7.16M | 0.00% | −9,342−8.3% | Reduced |
| SEI Investments Co | 105,346 | $7.31M | 0.01% | +15,985+17.9% | Added |