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 |
|---|---|---|---|---|---|
| HITE Hedge Asset Management LLC | 108,500 | $7.53M | 0.43% | +83,500+334.0% | Added |
| Congress Asset Management Co | 111,746 | $7.76M | 0.06% | +21,059+23.2% | Added |
| Voloridge Investment Management, LLC | 114,185 | $7.93M | 0.03% | +81,594+250.4% | Added |
| UBS Asset Management Americas Inc | 115,263 | $8.00M | 0.00% | −470.0% | Reduced |
| Stifel Financial Corp | 116,769 | $8.10M | 0.01% | +1,160+1.0% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 117,547 | $8.16M | 0.04% | −5,035−4.1% | Reduced |
| Phocas Financial Corp. | 119,835 | $8.32M | 1.31% | −34,206−22.2% | Reduced |
| Mutual of America Capital Management LLC | 121,348 | $8.42M | 0.10% | −3,136−2.5% | Reduced |
| Man Group plc | 122,847 | $8.53M | 0.02% | +50,683+70.2% | Added |
| Russell Investments Group, Ltd. | 123,169 | $8.55M | 0.01% | +9,408+8.3% | Added |
| Martin Capital Partners, LLC | 123,329 | $8.56M | 3.18% | −160−0.1% | Reduced |
| First Eagle Investment Management, LLC | 128,770 | $8.94M | 0.02% | +2,100+1.7% | Added |
| Voya Investment Management LLC | 130,024 | $9.02M | 0.01% | −125,874−49.2% | Reduced |
| BW Gestao de Investimentos Ltda. | 130,738 | $9.07M | 0.40% | +44,519+51.6% | Added |
| Ameriprise Financial Inc | 133,983 | $9.30M | 0.00% | +15,242+12.8% | Added |
| Leeward Investments, LLC - MA | 137,775 | $9.56M | 0.47% | −3,805−2.7% | Reduced |
| Hunter Perkins Capital Management, LLC | 140,713 | $9.77M | 2.29% | +204+0.1% | Added |
| Alliancebernstein L.P. | 147,473 | $10.2M | 0.00% | −161,668−52.3% | Reduced |
| Swiss National Bank | 149,279 | $10.4M | 0.01% | +5,500+3.8% | Added |
| Resolution Capital Ltd | 171,708 | $11.9M | 0.25% | +171,708 | New |
| Glenmede Trust Co NA | 174,750 | $12.1M | 0.06% | −16,660−8.7% | Reduced |
| California Public Employees Retirement System | 180,499 | $12.5M | 0.01% | −22,838−11.2% | Reduced |
| Jane Street Group, LLC | 180,791 | $12.5M | 0.01% | −59,760−24.8% | Reduced |
| Gamco Investors, Inc. Et Al | 207,327 | $14.4M | 0.14% | +195+0.1% | Added |
| Paradiem, LLC | 224,868 | $15.6M | 3.44% | −9,819−4.2% | Reduced |
| Rhumbline Advisers | 230,849 | $16.0M | 0.01% | +5,403+2.4% | Added |
| Think Investments LP | 237,500 | $16.5M | 2.22% | −300,137−55.8% | Reduced |
| Yaupon Capital Management LP | 246,649 | $17.1M | 0.84% | +107,691+77.5% | Added |
| Squarepoint Ops LLC | 269,075 | $18.7M | 0.04% | +56,052+26.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 281,439 | $19.5M | 0.05% | +122,098+76.6% | Added |
| Legal & General Group Plc | 313,822 | $21.8M | 0.01% | −25,630−7.6% | Reduced |
| Principal Financial Group Inc | 320,946 | $22.3M | 0.01% | +157,549+96.4% | Added |
| HighTower Advisors, LLC | 334,520 | $23.2M | 0.02% | +55,861+20.0% | Added |
| D. E. Shaw & Co., Inc. | 347,654 | $24.1M | 0.02% | +296,734+582.7% | Added |
| Hotchkis & Wiley Capital Management LLC | 352,573 | $24.5M | 0.08% | −28,001−7.4% | Reduced |
| Janus Henderson Group PLC | 373,694 | $25.9M | 0.01% | −24,726−6.2% | Reduced |
| Freestone Grove Partners LP | 392,821 | $27.3M | 0.20% | +126,816+47.7% | Added |
| Manufacturers Life Insurance Company, The | 394,966 | $27.4M | 0.02% | +1,618+0.4% | Added |
| UBS Group AG | 399,306 | $27.7M | 0.00% | −172,921−30.2% | Reduced |
| JPMorgan Chase & Co | 410,555 | $28.4M | 0.00% | −26,816−6.1% | Reduced |
| Old Republic International Corporation | 416,000 | $28.9M | 1.15% | 00.0% | Unchanged |
| ProShare Advisors LLC | 447,561 | $31.1M | 0.05% | −155,581−25.8% | Reduced |
| Duff & Phelps Investment Management Co | 459,540 | $31.9M | 0.33% | +69,840+17.9% | Added |
| Vanguard Fiduciary Trust Co | 490,014 | $34.0M | 0.01% | +490,014 | New |
| Crawford Investment Counsel Inc | 516,756 | $35.9M | 0.61% | +27,191+5.6% | Added |
| Gabelli Funds LLC | 530,316 | $36.8M | 0.25% | −3,015−0.6% | Reduced |
| Pictet Asset Management Holding SA | 593,543 | $41.2M | 0.04% | +582,523+5,286.1% | Added |
| Victory Capital Management Inc | 685,095 | $47.6M | 0.03% | −21,232−3.0% | Reduced |
| First Trust Advisors LP | 705,051 | $48.9M | 0.03% | −23,892−3.3% | Reduced |
| Zimmer Partners, LP | 741,034 | $51.4M | 1.26% | +465,000+168.5% | Added |
| Fuller & Thaler Asset Management, Inc. | 768,692 | $53.4M | 0.18% | −31,766−4.0% | Reduced |
| Bank of New York Mellon Corp | 784,251 | $54.4M | 0.01% | −5,427−0.7% | Reduced |
| Morgan Stanley | 820,845 | $57.0M | 0.00% | +254,014+44.8% | Added |
| Bank of America Corp | 899,963 | $62.5M | 0.00% | +469,733+109.2% | Added |
| Citadel Advisors LLC | 903,014 | $62.7M | 0.04% | +802,346+797.0% | Added |
| Northern Trust Corp | 944,294 | $65.5M | 0.01% | +25,467+2.8% | Added |
| Nuveen, LLC | 973,246 | $67.6M | 0.02% | −256,959−20.9% | Reduced |
| Invesco Ltd. | 1,060,663 | $73.6M | 0.01% | +450,957+74.0% | Added |
| Engineers Gate Manager LP | 1,062,853 | $73.8M | 0.92% | +213,780+25.2% | Added |
| Dimensional Fund Advisors LP | 1,141,272 | $79.2M | 0.02% | +18,109+1.6% | Added |
| Charles Schwab Investment Management Inc | 1,216,351 | $84.4M | 0.01% | +24,703+2.1% | Added |
| Cohen & Steers, Inc. | 1,268,274 | $88.0M | 0.15% | −117,485−8.5% | Reduced |
| AQR Capital Management LLC | 1,595,595 | $109.4M | 0.05% | +177,211+12.5% | Added |
| Franklin Resources Inc | 1,576,371 | $109.4M | 0.03% | +743,644+89.3% | Added |
| Goldman Sachs Group Inc | 1,584,525 | $110.0M | 0.01% | +616,922+63.8% | Added |
| Covalis Capital LLP | 1,752,846 | $121.7M | 7.49% | −304,314−14.8% | Reduced |
| Point72 Asset Management, L.P. | 1,943,215 | $134.9M | 0.23% | +67,994+3.6% | Added |
| Geode Capital Management, LLC | 1,994,815 | $138.5M | 0.01% | +100,276+5.3% | Added |
| Adage Capital Partners GP, L.L.C. | 2,069,827 | $143.7M | 0.22% | +477,827+30.0% | Added |
| Two Sigma Investments, LP | 2,216,003 | $153.8M | 0.13% | +1,039,059+88.3% | Added |
| Capital Research Global Investors | 2,275,922 | $158.0M | 0.02% | 00.0% | Unchanged |
| Nomura Asset Management International Inc. | 2,679,192 | $186.0M | 0.32% | +24,130+0.9% | Added |
| Vanguard Capital Management LLC | 3,369,588 | $233.9M | 0.01% | +3,369,588 | New |
| State Street Corp | 3,620,556 | $251.3M | 0.01% | −159,555−4.2% | Reduced |
| Vanguard Portfolio Management LLC | 5,039,870 | $349.8M | 0.02% | +5,039,870 | New |
| BlackRock, Inc. | 12,129,658 | $841.9M | 0.01% | −8,647−0.1% | Reduced |
| Two Sigma Advisers, LP | 0 | $0 | 0.00% | −978,200−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −124,539−100.0% | Sold out |
| Jain Global LLC | 0 | $0 | 0.00% | −110,211−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −91,853−100.0% | Sold out |
| Benson Investment Management Company, Inc. | 0 | $0 | 0.00% | −79,555−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −49,600−100.0% | Sold out |
| Susquehanna Fundamental Investments, LLC | 0 | $0 | 0.00% | −44,949−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −37,089−100.0% | Sold out |
| Weiss Asset Management LP | 0 | $0 | 0.00% | −20,823−100.0% | Sold out |
| American Century Companies Inc | 0 | $0 | 0.00% | −17,506−100.0% | Sold out |
| Lazard Asset Management LLC | 0 | $0 | 0.00% | −15,034−100.0% | Sold out |
| Quest Partners LLC | 0 | $0 | 0.00% | −12,384−100.0% | Sold out |
| Parallax Volatility Advisers, L.P. | 0 | $0 | 0.00% | −11,937−100.0% | Sold out |
| Fox Run Management, L.L.C. | 0 | $0 | 0.00% | −10,777−100.0% | Sold out |
| CSS LLC | 0 | $0 | 0.00% | −8,037−100.0% | Sold out |
| Clear Creek Financial Management, LLC | 0 | $0 | 0.00% | −7,417−100.0% | Sold out |
| QP Wealth Management, LLC | 0 | $0 | 0.00% | −7,089−100.0% | Sold out |
| Massar Capital Management, LP | 0 | $0 | 0.00% | −6,844−100.0% | Sold out |
| Abel Hall, LLC | 0 | $0 | 0.00% | −6,335−100.0% | Sold out |
| Horizon Investment Services, LLC | 0 | $0 | 0.00% | −5,044−100.0% | Sold out |
| Teacher Retirement System of Texas | 0 | $0 | 0.00% | −4,432−100.0% | Sold out |
| Sivia Capital Partners, LLC | 0 | $0 | 0.00% | −4,258−100.0% | Sold out |
| nVerses Capital, LLC | 0 | $0 | 0.00% | −3,944−100.0% | Sold out |
| DekaBank Deutsche Girozentrale | 0 | $0 | 0.00% | −4,419−100.0% | Sold out |