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 |
|---|---|---|---|---|---|
| State of Michigan Retirement System | 18,200 | $1.26M | 0.01% | +400+2.2% | Added |
| Group One Trading, L.P. | 17,689 | $1.23M | 0.04% | +680+4.0% | Added |
| Cornerstone Wealth Management, LLC | 17,437 | $1.21M | 0.06% | −195−1.1% | Reduced |
| Advisor Group Holdings, Inc. | 17,299 | $1.20M | 0.00% | −3,238−15.8% | Reduced |
| Sequoia Financial Advisors, LLC | 17,007 | $1.18M | 0.01% | −6,016−26.1% | Reduced |
| Northwestern Mutual Investment Management Company, LLC | 16,908 | $1.17M | 0.02% | +22+0.1% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 16,881 | $1.17M | 0.00% | +9,245+121.1% | Added |
| Miller Howard Investments Inc | 16,516 | $1.15M | 0.03% | +1,159+7.5% | Added |
| Atria Investments LLC | 16,384 | $1.14M | 0.01% | +7,614+86.8% | Added |
| Allstate Corp | 16,213 | $1.13M | 0.01% | +16,213 | New |
| Quadrant Capital Group LLC | 16,004 | $1.11M | 0.03% | +32+0.2% | Added |
| Great Lakes Advisors, LLC | 15,808 | $1.10M | 0.01% | +15,808 | New |
| Oregon Public Employees Retirement Fund | 15,522 | $1.08M | 0.01% | +400+2.6% | Added |
| Burford Brothers, Inc. | 15,120 | $1.05M | 0.43% | +2,437+19.2% | Added |
| Greenland Capital Management LP | 15,000 | $1.04M | 0.21% | −3,126−17.2% | Reduced |
| Ensign Peak Advisors, Inc | 14,755 | $1.02M | 0.00% | +12,117+459.3% | Added |
| Picton Mahoney Asset Management | 14,559 | $1.01M | 0.01% | +14,540+76,526.3% | Added |
| Neuberger Berman Group LLC | 14,318 | $993.8K | 0.00% | −2,177−13.2% | Reduced |
| Kestra Investment Management, LLC | 13,941 | $967.6K | 0.02% | −1,908−12.0% | Reduced |
| New Mexico Educational Retirement Board | 13,306 | $924.0K | 0.03% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 13,290 | $922.5K | 0.00% | −190−1.4% | Reduced |
| Prudential Financial Inc | 13,222 | $917.7K | 0.00% | −10,055−43.2% | Reduced |
| D.A. Davidson & Co. | 13,067 | $907.0K | 0.01% | −2,260−14.7% | Reduced |
| Eagle Global Advisors LLC | 12,830 | $890.5K | 0.03% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 12,795 | $888.1K | 0.03% | +1,988+18.4% | Added |
| Smith, Moore & Co. | 12,642 | $877.5K | 0.06% | 00.0% | Unchanged |
| Exchange Traded Concepts, LLC | 12,555 | $871.4K | 0.01% | −2,646−17.4% | Reduced |
| Axq Capital, LP | 12,485 | $866.6K | 0.11% | +12,485 | New |
| Entropy Technologies, LP | 12,473 | $865.8K | 0.04% | −23,687−65.5% | Reduced |
| Roehl & Yi Investment Advisors, LLC | 12,435 | $863.1K | 0.32% | −68−0.5% | Reduced |
| Quadrature Capital Ltd | 12,389 | $859.9K | 0.01% | +12,389 | New |
| Natixis Advisors, L.P. | 12,281 | $852.0K | 0.00% | −83−0.7% | Reduced |
| O'Shaughnessy Asset Management, LLC | 11,800 | $819.0K | 0.00% | +872+8.0% | Added |
| Western Wealth Management, LLC | 11,764 | $816.5K | 0.03% | +11,764 | New |
| 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 |
| Pacer Advisors, Inc. | 11,269 | $782.0K | 0.00% | +2,404+27.1% | Added |
| Icon Advisers Inc | 11,237 | $780.0K | 0.18% | −1,000−8.2% | Reduced |
| Bahl & Gaynor Inc | 10,850 | $753.1K | 0.00% | 00.0% | Unchanged |
| Algert Global LLC | 10,754 | $746.4K | 0.01% | −109,850−91.1% | Reduced |
| RSM US Wealth Management LLC | 10,749 | $746.1K | 0.01% | −194−1.8% | Reduced |
| Xponance, Inc. | 10,659 | $739.8K | 0.01% | +1,698+18.9% | Added |
| CIBC Bancorp USA Inc. | 10,603 | $736.0K | 0.00% | +10,603 | New |
| Guggenheim Capital LLC | 10,063 | $698.5K | 0.01% | +876+9.5% | Added |
| State of Alaska, Department of Revenue | 10,048 | $697.0K | 0.01% | +275+2.8% | Added |
| Commonwealth Equity Services, LLC | 9,932 | $689.4K | 0.00% | −2,122−17.6% | Reduced |
| CWM Advisors, LLC | 9,865 | $684.7K | 0.04% | −41−0.4% | Reduced |
| Creative Financial Designs Inc | 9,315 | $646.5K | 0.04% | +6,483+228.9% | Added |
| US Bancorp | 9,308 | $646.1K | 0.00% | −162−1.7% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 9,154 | $635.4K | 0.02% | +9,154 | New |
| Meeder Advisory Services, Inc. | 9,065 | $629.2K | 0.03% | −127−1.4% | Reduced |
| Navellier & Associates Inc | 8,986 | $623.7K | 0.07% | −22−0.2% | Reduced |
| Brevan Howard Capital Management LP | 8,760 | $608.0K | 0.01% | −6,749−43.5% | Reduced |
| EP Wealth Advisors, LLC | 8,491 | $589.4K | 0.00% | −228−2.6% | Reduced |
| Assetmark, Inc | 8,299 | $576.0K | 0.00% | +419+5.3% | Added |
| Landscape Capital Management, L.L.C. | 8,266 | $573.7K | 0.04% | −3,521−29.9% | Reduced |
| Eagle Harbor Asset Management Inc | 8,138 | $564.8K | 0.48% | −1,318−13.9% | Reduced |
| Arkadios Wealth Advisors | 8,028 | $557.3K | 0.01% | +621+8.4% | Added |
| Vident Advisory, LLC | 8,016 | $556.4K | 0.00% | +8,016 | New |
| Colony Group, LLC | 7,857 | $545.4K | 0.00% | −830−9.6% | Reduced |
| Brighton Jones LLC | 7,809 | $542.0K | 0.01% | +7,809 | New |
| Tower Research Capital LLC (TRC) | 7,757 | $538.4K | 0.01% | +3,772+94.7% | Added |
| Federated Hermes, Inc. | 7,736 | $537.0K | 0.00% | −66,597−89.6% | Reduced |
| Oakmont Investment Advisors, Inc. | 7,700 | $534.5K | 0.49% | −4,570−37.2% | Reduced |
| Summit Global Investments | 7,670 | $532.0K | 0.03% | −496−6.1% | Reduced |
| Swiss Life Asset Management Ltd | 7,595 | $527.2K | 0.00% | +1,536+25.4% | Added |
| Pinnacle Financial Partners, Inc. | 7,520 | $522.0K | 0.00% | +7,520 | New |
| Twinbeech Capital LP | 7,300 | $506.7K | 0.05% | +7,300 | New |
| Inspire Advisors, LLC | 7,257 | $503.7K | 0.04% | −1,310−15.3% | Reduced |
| IMC-Chicago, LLC | 7,233 | $502.0K | 0.01% | −14,163−66.2% | Reduced |
| Aster Capital Management (DIFC) Ltd | 8,190 | $496.7K | 0.16% | +6,416+361.7% | Added |
| Vise Technologies, Inc. | 6,883 | $477.8K | 0.01% | 00.0% | Unchanged |
| IFP Advisors, Inc | 6,876 | $477.3K | 0.01% | −42−0.6% | Reduced |
| Huber Capital Management LLC | 6,861 | $476.2K | 0.07% | −4,354−38.8% | Reduced |
| Daiwa Securities Group Inc. | 6,738 | $467.7K | 0.00% | +83+1.2% | Added |
| Hilltop Holdings Inc. | 6,710 | $465.7K | 0.04% | +6,710 | New |
| MML Investors Services, LLC | 6,509 | $451.8K | 0.00% | −1,588−19.6% | Reduced |
| Kestra Advisory Services, LLC | 6,342 | $440.2K | 0.00% | −483−7.1% | Reduced |
| Mission Wealth Management, LP | 6,297 | $437.1K | 0.01% | +81+1.3% | Added |
| Vestcor Inc | 6,297 | $437.0K | 0.01% | +6,297 | New |
| Merit Financial Group, LLC | 6,209 | $431.0K | 0.00% | +340+5.8% | Added |
| Moors & Cabot, Inc. | 6,209 | $431.0K | 0.02% | −270−4.2% | Reduced |
| STRS Ohio | 6,100 | $423.4K | 0.00% | −1,700−21.8% | Reduced |
| First National Bank Sioux Falls | 5,483 | $421.3K | 0.12% | 00.0% | Unchanged |
| HB Wealth Management, LLC | 6,039 | $419.2K | 0.00% | +1,149+23.5% | Added |
| United Capital Financial Advisers, LLC | 5,895 | $409.1K | 0.00% | +379+6.9% | Added |
| NBC Securities, Inc. | 5,836 | $405.1K | 0.03% | −16−0.3% | Reduced |
| Intrua Financial, LLC | 5,824 | $404.3K | 0.04% | −21−0.4% | Reduced |
| Public Employees Retirement Association of Colorado | 5,801 | $403.0K | 0.00% | 00.0% | Unchanged |
| Baird Financial Group, Inc. | 5,738 | $398.3K | 0.00% | +642+12.6% | Added |
| AssuredPartners Investment Advisors, LLC | 5,507 | $392.4K | 0.04% | −581−9.5% | Reduced |
| Summit Wealth Group LLC | 5,650 | $392.2K | 0.04% | +2,652+88.5% | Added |
| Securian Asset Management, Inc | 5,500 | $381.8K | 0.02% | 00.0% | Unchanged |
| Monarch Capital Management Inc | 5,485 | $380.7K | 0.09% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 5,508 | $378.4K | 0.00% | +983+21.7% | Added |
| IFM Investors Pty Ltd | 5,386 | $373.8K | 0.00% | +5,386 | New |
| Inceptionr LLC | 5,377 | $373.2K | 0.09% | +5,377 | New |
| Mount Yale Investment Advisors, LLC | 5,371 | $372.8K | 0.01% | +5,371 | New |
| Rockefeller Capital Management L.P. | 5,338 | $370.5K | 0.00% | +2,249+72.8% | Added |
| M&T Bank Corp | 5,164 | $358.9K | 0.00% | +38+0.7% | Added |