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 |
|---|---|---|---|---|---|
| Deutsche Bank AG | 63,002 | $4.37M | 0.00% | +7,571+13.7% | Added |
| Boston Partners | 62,908 | $4.37M | 0.00% | +4,355+7.4% | Added |
| Warren Averett Asset Management, LLC | 59,333 | $4.12M | 0.03% | +581+1.0% | Added |
| SummitTX Capital, L.P. | 59,158 | $4.11M | 0.13% | +13,385+29.2% | Added |
| South Dakota Investment Council | 58,050 | $4.03M | 0.08% | −3,225−5.3% | Reduced |
| LPL Financial LLC | 57,972 | $4.02M | 0.00% | +9,638+19.9% | Added |
| Susquehanna International Group, LLP | 57,823 | $4.01M | 0.01% | −24,527−29.8% | Reduced |
| Vanguard Asset Management, Ltd | 57,458 | $3.99M | 0.00% | +57,458 | New |
| Burney Co | 56,944 | $3.95M | 0.12% | −24,791−30.3% | Reduced |
| Wells Fargo & Company | 56,826 | $3.94M | 0.00% | −63,019−52.6% | Reduced |
| Vanguard Investments Australia, Ltd. | 56,637 | $3.93M | 0.01% | +56,637 | New |
| Barclays PLC | 51,619 | $3.58M | 0.00% | −112,460−68.5% | Reduced |
| John G Ullman & Associates Inc | 50,924 | $3.53M | 0.47% | −467−0.9% | Reduced |
| Ontario Teachers Pension Plan Board | 50,703 | $3.52M | 0.10% | −4,149−7.6% | Reduced |
| Midwest Trust Co | 49,953 | $3.47M | 0.04% | −1,459−2.8% | Reduced |
| Nisa Investment Advisors, LLC | 49,787 | $3.46M | 0.01% | +100+0.2% | Added |
| CWM, LLC | 49,386 | $3.43M | 0.01% | +1,412+2.9% | Added |
| Cambridge Investment Research Advisors, Inc. | 49,170 | $3.41M | 0.01% | −625−1.3% | Reduced |
| Cozad Asset Management Inc | 48,569 | $3.37M | 0.26% | +1,344+2.8% | Added |
| Alps Advisors Inc | 48,365 | $3.36M | 0.02% | +1,804+3.9% | Added |
| Macquarie Group Ltd | 48,256 | $3.35M | 0.02% | +8,109+20.2% | Added |
| CI Private Wealth, LLC | 48,242 | $3.35M | 0.00% | +43,438+904.2% | Added |
| Blackstone Group Inc. | 48,233 | $3.35M | 0.01% | +48,233 | New |
| Captrust Financial Advisors | 47,998 | $3.33M | 0.01% | +34,238+248.8% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 47,345 | $3.29M | 0.01% | −13,132−21.7% | Reduced |
| Creative Planning | 47,064 | $3.27M | 0.00% | −686−1.4% | Reduced |
| Lesa Sroufe & Co | 46,831 | $3.25M | 2.21% | +574+1.2% | Added |
| Ameritas Investment Partners, Inc. | 46,621 | $3.24M | 0.10% | +8,746+23.1% | Added |
| Martingale Asset Management L P | 46,446 | $3.22M | 0.08% | −20,793−30.9% | Reduced |
| Synergy Financial Management, LLC | 46,277 | $3.21M | 0.34% | +46,277 | New |
| Farmers & Merchants Investments Inc | 45,712 | $3.17M | 0.09% | −266−0.6% | Reduced |
| Mariner, LLC | 45,684 | $3.17M | 0.00% | −7,757−14.5% | Reduced |
| New York State Common Retirement Fund | 45,676 | $3.17M | 0.00% | +1,400+3.2% | Added |
| Raymond James Financial Inc | 45,424 | $3.15M | 0.00% | −5,687−11.1% | Reduced |
| Allianz Asset Management GmbH | 45,173 | $3.14M | 0.00% | +7,362+19.5% | Added |
| Hennessy Advisors Inc | 45,147 | $3.13M | 0.11% | −2,000−4.2% | Reduced |
| Great West Life Assurance Co | 43,904 | $3.05M | 0.01% | 00.0% | Unchanged |
| AMG National Trust Bank | 43,360 | $3.01M | 0.07% | −496−1.1% | Reduced |
| BTG Pactual Asset Management US LLC | 41,001 | $2.85M | 0.28% | +11,899+40.9% | Added |
| State of Wisconsin Investment Board | 40,726 | $2.83M | 0.01% | −8,119−16.6% | Reduced |
| Schonfeld Strategic Advisors LLC | 40,230 | $2.79M | 0.02% | +17,049+73.5% | Added |
| First Manhattan Co | 37,859 | $2.63M | 0.01% | −4,893−11.4% | Reduced |
| State of Tennessee, Treasury Department | 37,333 | $2.59M | 0.01% | 00.0% | Unchanged |
| Millennium Management LLC | 36,511 | $2.53M | 0.00% | −538,432−93.6% | Reduced |
| Brinker Capital Investments, LLC | 35,958 | $2.50M | 0.02% | −2,781−7.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 35,713 | $2.48M | 0.00% | +1,616+4.7% | Added |
| Cetera Investment Advisers | 35,532 | $2.47M | 0.00% | +6,281+21.5% | Added |
| Polaris Capital Management, LLC | 33,700 | $2.34M | 0.19% | 00.0% | Unchanged |
| Bridgeway Capital Management, LLC | 33,000 | $2.29M | 0.05% | +4,000+13.8% | Added |
| Amalgamated Bank | 32,568 | $2.26M | 0.02% | +849+2.7% | Added |
| Banque Pictet & Cie SA | 32,452 | $2.25M | 0.03% | +32,452 | New |
| Fifth Third Bancorp | 32,284 | $2.24M | 0.00% | +31,522+4,136.7% | Added |
| Dynamic Technology Lab Private Ltd | 32,250 | $2.24M | 0.37% | +32,250 | New |
| Bollard Group LLC | 31,880 | $2.21M | 0.07% | +4,639+17.0% | Added |
| HRT Financial LP | 31,542 | $2.19M | 0.01% | +31,542 | New |
| HSBC Holdings PLC | 31,687 | $2.18M | 0.00% | +24,419+336.0% | Added |
| Gsa Capital Partners LLP | 31,051 | $2.15M | 0.13% | +27,267+720.6% | Added |
| State of New Jersey Common Pension Fund D | 30,769 | $2.14M | 0.01% | +84+0.3% | Added |
| Citigroup Inc | 30,632 | $2.13M | 0.00% | +9,232+43.1% | Added |
| Van Eck Associates Corp | 30,471 | $2.12M | 0.00% | +2,269+8.0% | Added |
| Vanguard Global Advisers, LLC | 29,969 | $2.08M | 0.00% | +29,969 | New |
| DC Investments Management, LLC | 29,900 | $2.08M | 0.79% | 00.0% | Unchanged |
| Dark Forest Capital Management LP | 29,798 | $2.07M | 0.18% | +15,205+104.2% | Added |
| SG Americas Securities, LLC | 29,220 | $2.03M | 0.00% | +22,185+315.4% | Added |
| Barnett & Company, Inc. | 29,200 | $2.03M | 1.58% | +500+1.7% | Added |
| BNP Paribas Arbitrage, SA | 28,059 | $1.95M | 0.00% | +3,826+15.8% | Added |
| Riverwater Partners LLC | 28,047 | $1.95M | 0.65% | −13,532−32.5% | Reduced |
| Mercer Global Advisors Inc | 27,761 | $1.93M | 0.00% | +1,637+6.3% | Added |
| Elo Mutual Pension Insurance Co | 26,958 | $1.87M | 0.03% | +26,958 | New |
| State Board of Administration of Florida Retirement System | 26,244 | $1.82M | 0.00% | 00.0% | Unchanged |
| Buckley Wealth Management, LLC | 25,531 | $1.77M | 0.45% | −1,000−3.8% | Reduced |
| Empowered Funds, LLC | 24,929 | $1.73M | 0.01% | +24,929 | New |
| Susquehanna Portfolio Strategies, LLC | 24,495 | $1.70M | 0.03% | −29,260−54.4% | Reduced |
| Convergence Investment Partners, LLC | 24,379 | $1.69M | 0.28% | +510+2.1% | Added |
| Advisors Asset Management, Inc. | 23,437 | $1.63M | 0.03% | −5,866−20.0% | Reduced |
| JustInvest LLC | 22,757 | $1.58M | 0.02% | −271−1.2% | Reduced |
| Capital Fund Management S.A. | 22,466 | $1.56M | 0.01% | +22,466 | New |
| XTX Topco Ltd | 22,290 | $1.55M | 0.03% | +22,290 | New |
| Capital Financial Group Inc | 22,121 | $1.54M | 0.84% | +171+0.8% | Added |
| Louisiana State Employees Retirement System | 21,900 | $1.52M | 0.03% | +1,000+4.8% | Added |
| PEAK6 LLC | 21,677 | $1.50M | 0.04% | +21,677 | New |
| Teachers Retirement System of the State of Kentucky | 21,298 | $1.48M | 0.01% | 00.0% | Unchanged |
| Yousif Capital Management, LLC | 21,233 | $1.47M | 0.02% | −1,057−4.7% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 24,255 | $1.45M | 0.00% | +4,162+20.7% | Added |
| Arizona State Retirement System | 20,736 | $1.44M | 0.01% | +364+1.8% | Added |
| Intech Investment Management LLC | 20,450 | $1.42M | 0.01% | −9,059−30.7% | Reduced |
| CWA Asset Management Group, LLC | 20,397 | $1.42M | 0.05% | +3,520+20.9% | Added |
| Police & Firemen's Retirement System of New Jersey | 20,367 | $1.41M | 0.01% | +536+2.7% | Added |
| AdvisorNet Financial, Inc | 20,211 | $1.40M | 0.07% | +256+1.3% | Added |
| Avantax Planning Partners, Inc. | 20,022 | $1.39M | 0.04% | −5,795−22.4% | Reduced |
| FMR LLC | 19,560 | $1.36M | 0.00% | −3,184−14.0% | Reduced |
| Harbor Capital Advisors, Inc. | 19,478 | $1.35M | 0.11% | +12,476+178.2% | Added |
| Hancock Whitney Corp | 17,774 | $1.34M | 0.02% | +13,230+291.2% | Added |
| Pathstone Holdings, LLC | 19,049 | $1.32M | 0.01% | −1,985−9.4% | Reduced |
| Foundations Investment Advisors, LLC | 18,977 | $1.32M | 0.02% | +1,415+8.1% | Added |
| Bank of Montreal | 18,829 | $1.31M | 0.00% | +405+2.2% | Added |
| Hantz Financial Services, Inc. | 18,728 | $1.30M | 0.02% | +6,602+54.4% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 18,550 | $1.29M | 0.00% | +3,598+24.1% | Added |
| First PREMIER Bank | 18,371 | $1.27M | 0.29% | −453−2.4% | Reduced |
| Neo Ivy Capital Management | 18,234 | $1.27M | 0.33% | +18,234 | New |