Black HillsBKH
13F holders, Q2 2025 (June 30)At the end of Q2 2025, 413 institutions reported holding Black Hills Corp. (BKH) in their 13F filings, unchanged from Q1 2025. 46 opened new positions and 47 sold out. The largest holders were BlackRock, Inc. ($635.2M), Vanguard Group Inc. ($491.7M) and State Street Corp. ($215.5M). 7 famous investors held it, including Mario Gabelli (0.1% of GAMCO Investors's portfolio), Cliff Asness (0.0% of AQR Capital Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Black Hills Corp.
- CUSIP
- 092113109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 46 | $31.7M |
| Exits | 47 | $51.6M |
All 13F filers, Q1 2025 → Q2 2025: 3,732,553 shares bought and 3,751,784 shares sold, net −19,231 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 413 holders
| BlackRock, Inc. | 0.01% | Add +0.1% | 11,321,896 | $635.2M |
| Vanguard Group Inc. | 0.01% | Add +1.5% | 8,765,205 | $491.7M |
| State Street Corp. | 0.01% | Add +0.8% | 3,841,615 | $215.5M |
| Macquarie Group Ltd. | 0.17% | Add +1.6% | 2,398,289 | $134.5M |
| Geode Capital Management, LLC | 0.01% | Add +2.1% | 1,822,356 | $102.3M |
| Capital Research Global Investors | 0.02% | Reduce -11.9% | 1,641,122 | $92.1M |
| Fuller & Thaler Asset Management, Inc. | 0.27% | Add +0.5% | 1,328,729 | $74.5M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -1.7% | 1,205,933 | $67.7M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -0.4% | 1,077,371 | $60.4M |
| Franklin Resources Inc. | 0.02% | Add +59.3% | 1,045,165 | $58.6M |
| Nuveen, LLC | 0.02% | Add +33.3% | 1,025,499 | $57.5M |
| Northern Trust Corp. | 0.01% | Reduce -4.0% | 962,752 | $54.0M |
| AQR Capital Management | 0.04% | Add +1.2% | 899,103 | $50.4M |
| First Trust Advisors LP | 0.04% | Reduce -4.6% | 893,096 | $50.1M |
| Bank of New York Mellon Corp | 0.01% | Add +5.3% | 867,720 | $48.7M |
| Invesco Ltd. | 0.01% | Reduce -2.3% | 783,753 | $44.0M |
| Victory Capital Management Inc. | 0.03% | Add +8.5% | 707,574 | $39.7M |
| ProShare Advisors LLC | 0.07% | Reduce -0.1% | 664,051 | $37.3M |
| Morgan Stanley | 0.00% | Reduce -2.4% | 637,196 | $35.7M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -23.4% | 593,174 | $33.3M |
| Millennium Management | 0.03% | Reduce -0.5% | 576,991 | $32.4M |
| Massachusetts Financial Services Co. | 0.01% | Reduce -4.8% | 551,977 | $31.0M |
| Gabelli Funds LLC | 0.22% | Add +18.2% | 537,873 | $30.2M |
| Qube Research & Technologies Ltd | 0.04% | Add +2.5% | 519,340 | $29.1M |
| Bank of America Corp. | 0.00% | Reduce -9.3% | 511,601 | $28.7M |
| Janus Henderson Group PLC | 0.01% | Add +4.9% | 457,158 | $25.6M |
| Old Republic International Corp. | 0.92% | No change | 416,000 | $23.3M |
| Manufacturers Life Insurance Company, The | 0.02% | Reduce -0.5% | 398,630 | $22.4M |
| Legal & General Group Plc | 0.01% | Add +3.2% | 393,787 | $22.1M |
| Duff & Phelps Investment Management Co. | 0.26% | No change | 389,700 | $21.9M |
| Hotchkis & Wiley Capital Management LLC | 0.07% | Reduce -6.9% | 388,105 | $21.8M |
| JPMorgan Chase & Co. | 0.00% | Reduce -12.4% | 368,491 | $20.7M |
| Prudential Financial Inc. | 0.03% | Add +41.2% | 367,234 | $20.6M |
| Cubist Systematic Strategies, LLC | 0.21% | Add +39.2% | 337,759 | $18.9M |
| California Public Employees Retirement System | 0.01% | Reduce -14.5% | 295,846 | $16.6M |
| Voya Investment Management LLC | 0.02% | Add +16.1% | 274,225 | $15.4M |
| UBS Group AG | 0.00% | Reduce -33.9% | 270,303 | $15.2M |
| SG Americas Securities, LLC | 0.07% | Add +294.8% | 262,011 | $14.7M |
| Brandywine Global Investment Management, LLC | 0.10% | Reduce -3.7% | 248,340 | $13.9M |
| Rhumbline Advisers | 0.01% | Add +2.6% | 245,119 | $13.8M |
| Bessemer Group Inc. | 0.02% | Add +6.5% | 232,948 | $13.1M |
| Principal Financial Group Inc. | 0.01% | Add +1.6% | 218,939 | $12.3M |
| Glenmede Investment Management, LP | 0.06% | — | 217,293 | $12.2M |
| GAMCO Investors | 0.12% | Add +7.8% | 207,982 | $11.7M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +52.7% | 205,676 | $11.5M |
| Royal Bank of Canada | 0.00% | Add +99.9% | 199,254 | $11.2M |
| Hunter Perkins Capital Management, LLC | 2.58% | Reduce -11.7% | 193,540 | $10.9M |
| Barclays PLC | 0.00% | Add +12.2% | 192,694 | $10.8M |
| HighTower Advisors, LLC | 0.01% | Reduce -8.0% | 173,395 | $9.7M |
| Renaissance Technologies | 0.01% | Add +192.7% | 172,100 | $9.7M |
| Phocas Financial Corp. | 1.38% | No change | 171,060 | $9.6M |
| Two Sigma Investments, LP | 0.02% | Add +8.2% | 163,902 | $9.2M |
| Arrowstreet Capital, Limited Partnership | 0.01% | Add +40.4% | 154,417 | $8.7M |
| Deutsche Bank AG | 0.00% | Reduce -4.6% | 150,336 | $8.4M |
| FMR LLC | 0.00% | Add +485.3% | 147,574 | $8.3M |
| Leeward Investments, LLC - MA | 0.43% | Reduce -4.3% | 145,561 | $8.2M |
| Alliancebernstein L.P. | 0.00% | Add +7.9% | 145,178 | $8.1M |
| Great Lakes Advisors, LLC | 0.07% | Reduce -14.0% | 144,083 | $8.1M |
| First Eagle Investment Management, LLC | 0.02% | Reduce -12.2% | 142,461 | $8.0M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.04% | Add +1.9% | 139,514 | $7.8M |
| Thrivent Financial for Lutherans | 0.02% | Reduce -23.5% | 138,692 | $7.8M |
| Ameriprise Financial Inc. | 0.00% | Reduce -5.3% | 138,641 | $7.8M |
| Mutual of America Capital Management LLC | 0.08% | Add +3.0% | 137,986 | $7.7M |
| Swiss National Bank | 0.00% | Reduce -0.7% | 137,679 | $7.7M |
| Crawford Investment Counsel Inc. | 0.12% | Reduce -6.0% | 122,720 | $6.9M |
| Two Sigma Advisers, LP | 0.01% | Add +10.6% | 116,200 | $6.5M |
| Campbell & CO Investment Adviser LLC | 0.40% | Add +18.3% | 113,789 | $6.4M |
| Citadel Advisors | 0.01% | Add +251.8% | 112,663 | $6.3M |
| Mairs & Power Inc. | 0.06% | Reduce -12.4% | 109,398 | $6.1M |
| Dark Forest Capital Management LP | 0.24% | New | 106,273 | $6.0M |
| Martin Capital Partners, LLC | 2.33% | Add +255.1% | 106,036 | $5.9M |
| Jane Street Group, LLC | 0.01% | Reduce -40.7% | 102,135 | $5.7M |
| Y-Intercept (Hong Kong) Ltd | 0.14% | Add +586.9% | 101,974 | $5.7M |
| Adage Capital Partners Gp, L.L.C. | 0.01% | New | 100,000 | $5.6M |
| Stifel Financial Corp. | 0.01% | Add +6.1% | 99,576 | $5.6M |
| Susquehanna International Group, LLP | 0.01% | Reduce -2.8% | 99,389 | $5.6M |
| Trexquant Investment LP | 0.06% | Add +100.1% | 95,765 | $5.4M |
| Ontario Teachers Pension Plan Board | 0.11% | Add +85.1% | 94,123 | $5.3M |
| Congress Asset Management Co. | 0.04% | Reduce -0.5% | 93,692 | $5.3M |
| Raymond James Financial Inc. | 0.00% | Reduce -37.9% | 91,102 | $5.1M |
| Susquehanna Fundamental Investments, LLC | 0.14% | Reduce -7.7% | 90,869 | $5.1M |
| Retirement Systems of Alabama | 0.02% | Add +1.7% | 88,623 | $5.0M |
| Wells Fargo & Company | 0.00% | Add +65.1% | 86,770 | $4.9M |
| Meritage Portfolio Management | 0.30% | Add +15.9% | 85,584 | $4.8M |
| Martingale Asset Management L P | 0.11% | Add +8.6% | 81,744 | $4.6M |
| Benson Investment Management Company, Inc. | 1.67% | New | 78,135 | $4.4M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.02% | Add +221.9% | 77,400 | $4.3M |
| Burney Co./ | 0.15% | Reduce -0.8% | 77,396 | $4.3M |
| South Dakota Investment Council | 0.08% | No change | 77,175 | $4.3M |
| Engineers Gate Manager LP | 0.05% | Add +9.0% | 75,672 | $4.2M |
| New York State Teachers Retirement System | 0.01% | No change | 73,390 | $4.1M |
| California State Teachers Retirement System | 0.00% | Add +0.2% | 70,549 | $4.0M |
| T. Rowe Price Associates Inc. | 0.00% | Add +9.3% | 65,216 | $3.7M |
| Citigroup Inc. | 0.00% | Reduce -36.1% | 64,990 | $3.6M |
| Boston Partners | 0.00% | Add +487.2% | 64,668 | $3.6M |
| Meeder Asset Management Inc. | 0.21% | Reduce -9.6% | 61,189 | $3.4M |
| Alta Capital Management LLC/ | 0.19% | Add +5.8% | 58,957 | $3.3M |
| Russell Investments Group, Ltd. | 0.00% | Add +205.8% | 58,731 | $3.3M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Add +3.6% | 56,952 | $3.2M |
| Federated Hermes, Inc. | 0.01% | Add +2.8% | 55,929 | $3.1M |
| Tudor Investment Corporation | 0.02% | Add +81.3% | 54,904 | $3.1M |
| State of Wisconsin Investment Board | 0.01% | Reduce -2.1% | 54,405 | $3.1M |
| Midwest Trust Co | 0.04% | — | 54,172 | $3.0M |
| Nisa Investment Advisors, LLC | 0.01% | Add +12.1% | 53,797 | $3.0M |
| Waverly Advisors, LLC | 0.03% | Add +13.6% | 53,708 | $3.0M |
| Hennessy Advisors Inc. | 0.10% | Add +19.4% | 53,647 | $3.0M |
| John G Ullman & Associates Inc. | 0.44% | Reduce -1.8% | 52,941 | $3.0M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -12.7% | 51,668 | $2.9M |
| Zimmer Partners, LP | 0.06% | Reduce -96.2% | 50,000 | $2.8M |
| Allianz Asset Management GmbH | 0.00% | Add +137.1% | 48,579 | $2.7M |
| Farmers & Merchants Investments Inc. | 0.08% | Reduce -5.0% | 47,498 | $2.7M |
| Verition Fund Management LLC | 0.02% | Add +41.4% | 47,282 | $2.7M |
| New York State Common Retirement Fund | 0.00% | Add +3.7% | 47,242 | $2.7M |
| Lesa Sroufe & Co | 2.35% | Add +4.1% | 45,617 | $2.6M |
| Magellan Asset Management Ltd | 0.03% | Reduce -0.5% | 45,544 | $2.6M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | Reduce -3.5% | 45,082 | $2.5M |
| First Manhattan Co. Llc. | 0.01% | Reduce -3.8% | 43,415 | $2.4M |
| Mackenzie Financial Corp. | 0.00% | Add +84.6% | 42,946 | $2.4M |
| Ameritas Investment Partners, Inc. | 0.07% | Add +1.2% | 41,610 | $2.3M |
| Riverwater Partners LLC | 1.10% | Reduce -0.0% | 41,571 | $2.3M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -3.2% | 41,027 | $2.3M |
| Cerity Partners LLC | 0.00% | Add +0.7% | 40,525 | $2.3M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -6.8% | 39,873 | $2.2M |
| AMG National Trust Bank | 0.06% | Add +0.0% | 38,952 | $2.2M |
| Intech Investment Management LLC | 0.02% | Add +17.3% | 38,860 | $2.2M |
| LPL Financial LLC | 0.00% | Reduce -2.8% | 38,697 | $2.2M |
| Dynamic Technology Lab Private Ltd | 0.28% | Add +87.8% | 36,787 | $2.1M |
| Littlejohn Financial Services, Inc. | 1.59% | Add +1.0% | 36,780 | $2.1M |
| Voloridge Investment Management, LLC | 0.01% | Reduce -64.2% | 36,163 | $2.0M |
| Quantbot Technologies LP | 0.05% | Reduce -45.4% | 34,827 | $2.0M |
| Algert Global LLC | 0.04% | No change | 34,764 | $2.0M |
| Comerica Bank | 0.01% | Add +7.3% | 33,999 | $1.9M |
| Squarepoint Ops LLC | 0.00% | Reduce -44.7% | 33,238 | $1.9M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +1.1% | 32,721 | $1.8M |
| Amalgamated Bank | 0.01% | Reduce -0.3% | 31,851 | $1.8M |
| Segall Bryant & Hamill, LLC | 0.02% | Reduce -10.8% | 31,264 | $1.8M |
| Mariner, LLC | 0.00% | Add +3.4% | 29,945 | $1.7M |
| DC Investments Management, LLC | 0.70% | No change | 29,900 | $1.7M |
| Avantax Planning Partners, Inc. | 0.05% | Add +0.1% | 29,150 | $1.6M |
| Advisors Asset Management, Inc. | 0.03% | Add +8.7% | 27,572 | $1.5M |
| Bollard Group LLC | 0.03% | Add +5.9% | 26,947 | $1.5M |
| Van Eck Associates Corp. | 0.00% | Add +16.4% | 26,054 | $1.5M |
| Assenagon Asset Management S.A. | 0.00% | New | 25,834 | $1.4M |
| Creative Planning | 0.00% | Add +2.4% | 25,530 | $1.4M |
| Paradiem, LLC | 0.35% | Reduce -55.0% | 24,500 | $1.4M |
| Convergence Investment Partners, LLC | 0.35% | Add +0.2% | 24,463 | $1.4M |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -47.5% | 23,771 | $1.3M |
| Yousif Capital Management, LLC | 0.01% | Reduce -0.7% | 23,560 | $1.3M |
| ExodusPoint Capital Management, LP | 0.02% | New | 23,042 | $1.3M |
| Ensign Peak Advisors, Inc | 0.00% | Add +21.4% | 22,873 | $1.3M |
| Aigen Investment Management, LP | 0.17% | Add +105.2% | 22,751 | $1.3M |
| Sei Investments Co. | 0.00% | Reduce -8.5% | 22,635 | $1.3M |
| Harbor Capital Advisors, Inc. | 0.05% | Reduce -0.9% | 21,812 | $1.2M |
| Lazard Asset Management LLC | 0.00% | Add +3.9% | 21,352 | $1.2M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 21,298 | $1.2M |
| Arizona State Retirement System | 0.01% | Add +2.5% | 21,038 | $1.2M |
| AdvisorNet Financial, Inc | 0.07% | Reduce -4.7% | 20,725 | $1.2M |
| Cetera Investment Advisers | 0.00% | Add +3.4% | 20,639 | $1.2M |
| Louisiana State Employees Retirement System | 0.02% | Add +1.5% | 20,400 | $1.1M |
| Guggenheim Capital LLC | 0.01% | Add +2.7% | 20,198 | $1.1M |
| First PREMIER Bank | 0.27% | Add +1.4% | 19,833 | $1.1M |
| Bank of Montreal | 0.00% | Reduce -5.1% | 19,374 | $1.1M |
| American Century Companies Inc. | 0.00% | Reduce -2.1% | 19,092 | $1.1M |
| Horizon Investments, LLC | 0.02% | Add +136192.9% | 19,081 | $1.1M |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +2.4% | 18,880 | $1.1M |
| Summit Global Investments | 0.06% | Reduce -0.4% | 18,600 | $1.0M |
| Fox Run Management, L.L.C. | 0.17% | Add +36.3% | 18,312 | $1.0M |
| Brevan Howard Capital Management LP | 0.01% | New | 18,300 | $1.0M |
| Alps Advisors Inc. | 0.01% | Reduce -0.7% | 18,256 | $1.0M |
| Cozad Asset Management Inc. | 0.09% | No change | 18,199 | $1.0M |
| State of Michigan Retirement System | 0.01% | Add +1.8% | 17,400 | $976K |
| Bridgeway Capital Management, LLC | 0.02% | New | 17,000 | $954K |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Add +6.3% | 16,503 | $926K |
| Northwestern Mutual Investment Management Company, LLC | 0.01% | Add +1.7% | 16,190 | $908K |
| Cornerstone Wealth Management, LLC | 0.05% | Add +5.7% | 16,011 | $898K |
| Hancock Whitney Corp. | 0.02% | New | 16,000 | $898K |
| Pathstone Holdings, LLC | 0.00% | Reduce -0.6% | 15,915 | $893K |
| HRT Financial LP | 0.00% | Add +66.8% | 15,751 | $883K |
| Aquatic Capital Management LLC | 0.02% | New | 15,294 | $858K |
| BNP Paribas Financial Markets | 0.00% | Reduce -15.2% | 15,289 | $858K |
| D.A. Davidson & Co. | 0.01% | Reduce -0.4% | 15,240 | $855K |
| Creative Financial Designs Inc. | 0.06% | Reduce -1.8% | 15,003 | $842K |
| Quadrant Capital Group LLC | 0.03% | Reduce -5.4% | 14,981 | $840K |
| Oregon Public Employees Retirement Fund | 0.01% | Add +1.4% | 14,822 | $832K |
| Entropy Technologies, LP | 0.06% | Add +62.3% | 14,506 | $814K |
| Huber Capital Management LLC | 0.13% | Add +11.0% | 14,098 | $791K |
| Virtu Financial LLC | 0.04% | New | 14,048 | $788K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +22.2% | 13,956 | $783K |
| Barnett & Company, Inc. | 0.61% | Add +64.3% | 13,800 | $774K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -5.7% | 13,754 | $772K |
| Exchange Traded Concepts, LLC | 0.01% | Add +1.9% | 13,578 | $762K |
| Miller Howard Investments Inc. | 0.02% | Add +5.6% | 13,563 | $761K |
| New Mexico Educational Retirement Board | 0.02% | No change | 13,306 | $746K |
| O'shaughnessy Asset Management, LLC | 0.01% | Add +9.5% | 13,179 | $739K |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -31.1% | 12,980 | $728K |
| Smith, Moore & Co. | 0.06% | Reduce -7.6% | 12,777 | $717K |
| Twinbeech Capital LP | 0.02% | New | 12,707 | $713K |
| CWA Asset Management Group, LLC | 0.03% | Add +18.3% | 12,677 | $711K |
| Inceptionr LLC | 0.16% | New | 12,650 | $710K |
| Hantz Financial Services, Inc. | 0.01% | Add +2.6% | 12,400 | $696K |
| Greenland Capital Management LP | 0.09% | New | 12,293 | $690K |
| Icon Advisers Inc. | 0.16% | Reduce -19.5% | 12,237 | $686K |
| Neuberger Berman Group LLC | 0.00% | Add +71.5% | 12,001 | $673K |
| XTX Topco Ltd | 0.03% | Reduce -25.9% | 11,958 | $671K |
| Kestra Investment Management, LLC | 0.02% | Reduce -1.1% | 11,852 | $665K |
| Gsa Capital Partners LLP | 0.05% | New | 11,711 | $657K |
| US Bancorp \de | 0.00% | Reduce -2.7% | 11,561 | $649K |
| HSBC Holdings PLC | 0.00% | Reduce -49.2% | 11,290 | $630K |
| Roehl & Yi Investment Advisors, LLC | 0.32% | No change | 11,088 | $622K |
| Uncommon Cents Investing LLC | 0.17% | Reduce -0.4% | 11,015 | $618K |
| Sequoia Financial Advisors, LLC | 0.00% | New | 10,981 | $616K |
| Teacher Retirement System of Texas | 0.00% | Add +4.6% | 10,932 | $613K |
| Bahl & Gaynor LLC | 0.00% | New | 10,905 | $612K |
| CSS LLC | 0.11% | No change | 10,808 | $606K |
| Ieq Capital, LLC | 0.00% | Reduce -18.7% | 10,787 | $605K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -30.8% | 10,690 | $600K |
| Henshaw Capital LLC | 0.02% | No change | 10,641 | $597K |
| Xponance LLC | 0.00% | Add +0.3% | 10,250 | $575K |
| Natixis Advisors, LLC | 0.00% | Reduce -51.1% | 10,236 | $574K |
| Bailard, Inc. | 0.01% | No change | 10,000 | $561K |
| Atria Investments, Inc | 0.01% | Add +1.6% | 9,784 | $549K |
| Meeder Advisory Services, Inc. | 0.03% | Reduce -9.4% | 9,727 | $546K |
| Choreo, LLC | 0.01% | Reduce -17.0% | 9,721 | $545K |
| MQS Management LLC | 0.30% | Add +63.5% | 9,580 | $537K |
| 111 Capital | 0.09% | Add +86.3% | 9,496 | $533K |
| Quantinno Capital Management LP | 0.00% | Add +35.4% | 9,252 | $519K |
| Osaic Holdings, Inc. | 0.00% | Add +2.5% | 9,068 | $509K |
| Intrua Financial, LLC | 0.07% | Add +8.5% | 9,066 | $509K |
| Cwm, LLC | 0.00% | Add +53.0% | 8,969 | $503K |
| Cibc World Markets Corp. | 0.00% | Reduce -43.8% | 8,963 | $503K |
| Graham Capital Management, L.P. | 0.02% | New | 8,882 | $498K |
| Navellier & Associates Inc. | 0.06% | Add +0.0% | 8,836 | $496K |
| Daiwa Securities Group Inc. | 0.00% | Add +9.8% | 8,832 | $495K |
| Buckley Wealth Management, LLC | 0.15% | New | 8,821 | $495K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +9.0% | 8,630 | $491K |
| Centiva Capital, LP | 0.03% | Add +81.0% | 8,488 | $476K |
| Los Angeles Capital Management LLC | 0.00% | New | 8,196 | $460K |
| State of Alaska, Department of Revenue | 0.00% | Reduce -3.0% | 8,137 | $456K |
| Eagle Harbor Asset Management Inc. | 0.44% | Reduce -4.7% | 8,056 | $452K |
| Burke & Herbert Bank & Trust Co. | 0.10% | No change | 8,000 | $449K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +75.5% | 7,718 | $433K |
| Captrust Financial Advisors | 0.00% | Add +8.3% | 7,635 | $428K |
| Landscape Capital Management, L.L.C. | 0.03% | New | 7,584 | $425K |
| Jupiter Asset Management Ltd. | 0.00% | No change | 7,558 | $424K |
| Pictet Asset Management Holding SA | 0.00% | Add +8.7% | 7,376 | $414K |
| EP Wealth Advisors, LLC | 0.00% | Add +3.5% | 7,300 | $410K |
| Versor Investments LP | 0.07% | Reduce -1.5% | 7,292 | $409K |
| Assetmark, Inc. | 0.00% | Add +4.0% | 7,195 | $404K |
| Inspire Investing, LLC | 0.04% | Add +19.9% | 6,997 | $393K |
| Arkadios Wealth Advisors | 0.01% | Add +1.8% | 6,957 | $390K |
| IFP Advisors, Inc | 0.01% | Add +19.2% | 6,951 | $390K |
| Private Advisor Group, LLC | 0.00% | Reduce -1.4% | 6,831 | $383K |
| Moors & Cabot, Inc. | 0.02% | No change | 6,479 | $363K |
| STRS Ohio | 0.00% | Add +6.9% | 6,200 | $348K |
| Balyasny Asset Management L.P. | 0.00% | Reduce -91.0% | 6,063 | $340K |
| Clear Creek Financial Management, LLC | 0.03% | Add +27.9% | 6,049 | $339K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -2.8% | 5,979 | $335K |
| RIA Advisory Group LLC | 0.10% | Reduce -13.6% | 5,975 | $335K |
| Lanark Financial, Inc. | 0.03% | No change | 5,959 | $334K |
| Mission Wealth Management, LP | 0.01% | Add +1.1% | 5,927 | $332K |
| Mercer Global Advisors Inc. | 0.00% | Add +77.4% | 5,923 | $332K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 5,801 | $325K |
| Securian Asset Management, Inc. | 0.01% | Add +2.6% | 5,522 | $310K |
| Monarch Capital Management Inc. | 0.08% | No change | 5,485 | $308K |
| First National Bank Sioux Falls | 0.11% | No change | 5,483 | $308K |
| State of Wyoming | 0.04% | Add +455.4% | 5,382 | $302K |
| Avantax Advisory Services, Inc. | 0.00% | Add +3.9% | 5,335 | $299K |
| Asset Management One Co., Ltd. | 0.00% | New | 5,279 | $296K |
| Pinnacle West Asset Management, Inc. | 0.20% | Reduce -1.6% | 5,205 | $292K |
| IFM Investors Pty Ltd | 0.00% | Add +2.3% | 5,200 | $292K |
| Vestcor Inc | 0.01% | No change | 5,079 | $285K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | No change | 5,000 | $281K |
| Elevation Point Wealth Partners, LLC | 0.02% | Add +2.0% | 4,952 | $278K |
| Platform Technology Partners | 0.07% | No change | 4,945 | $277K |
| Vise Technologies, Inc. | 0.01% | — | 4,920 | $276K |
| Baird Financial Group, Inc. | 0.00% | Reduce -11.3% | 4,872 | $273K |
| Atria Wealth Solutions, Inc. | 0.01% | Reduce -18.0% | 4,775 | $268K |
| Ruggaard & Associates LLC | 0.10% | No change | 4,649 | $261K |
| Regions Financial Corp. | 0.00% | New | 4,500 | $252K |
| Corient Private Wealth LP | 0.00% | New | 4,453 | $250K |
| DekaBank Deutsche Girozentrale | 0.00% | New | 4,419 | $247K |
| M&T Bank Corp | 0.00% | New | 4,245 | $239K |
| Signaturefd, LLC | 0.00% | Reduce -6.8% | 4,253 | $239K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -0.6% | 4,044 | $227K |
| Journey Strategic Wealth LLC | 0.01% | Reduce -9.6% | 3,948 | $222K |
| International Assets Investment Management, LLC | 0.02% | Add +626.0% | 220,354 | $218K |
| Chilton Capital Management LLC | 0.01% | No change | 3,843 | $216K |
| Crossmark Global Holdings, Inc. | 0.00% | Add +2.3% | 3,827 | $215K |
| J.W. Cole Advisors, Inc. | 0.00% | Add +14.4% | 3,780 | $212K |
| Financial Advocates Investment Management | 0.02% | Add +11.4% | 3,713 | $208K |
| Gotham Asset Management | 0.00% | New | 3,704 | $208K |
| Ballentine Partners, LLC | 0.00% | Reduce -6.8% | 3,689 | $207K |
| Strategic Blueprint, LLC | 0.01% | New | 3,672 | $206K |
| Rexford Capital Inc. | 0.17% | — | 3,662 | $205K |
| SeaCrest Wealth Management, LLC | 0.02% | Add +0.4% | 3,647 | $205K |
| EverSource Wealth Advisors, LLC | 0.01% | Add +26.5% | 3,642 | $204K |
| Schonfeld Strategic Advisors LLC | 0.00% | Reduce -83.0% | 3,615 | $203K |
| Concurrent Investment Advisors, LLC | 0.00% | New | 3,584 | $201K |
| Covestor Ltd | 0.12% | Reduce -13.7% | 3,577 | $201K |
| Crewe Advisors LLC | 0.02% | Add +0.5% | 3,112 | $175K |
| Jones Financial Companies LLLP | 0.00% | Add +45.3% | 3,114 | $174K |
| Financiere des Professionnels - Fonds d'investissement inc. | 0.01% | New | 2,949 | $165K |
| Scarborough Advisors, LLC | 0.03% | New | 2,514 | $141K |
| Shell Asset Management Co. | 0.00% | Reduce -19.3% | 2,450 | $137K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +42.1% | 2,344 | $131K |
| Allworth Financial LP | 0.00% | Add +13.6% | 2,206 | $124K |
| Huntington National Bank | 0.00% | Add +5.0% | 2,153 | $121K |
| Garde Capital, Inc. | 0.01% | No change | 2,000 | $112K |
| Principal Securities, Inc. | 0.00% | Add +528.9% | 2,000 | $112K |
| Sterling Capital Management LLC | 0.00% | Add +60.0% | 1,986 | $111K |
| KBC Group NV | 0.00% | Reduce -85.9% | 1,906 | $107K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 1,826 | $102K |
| Sunbelt Securities, Inc. | 0.01% | Add +16.6% | 1,696 | $99K |
| Simplex Trading, LLC | 0.00% | New | 1,605 | $90K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -4.4% | 1,599 | $90K |
| GPS Wealth Strategies Group, LLC | 0.01% | No change | 1,597 | $90K |
| Neo Ivy Capital Management | 0.03% | New | 1,568 | $88K |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | Add +17.4% | 1,559 | $87K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -6.1% | 1,546 | $87K |
| Ridgewood Investments LLC | 0.04% | Reduce -65.8% | 1,524 | $85K |
| Point72 Hong Kong Ltd | 0.01% | Add +355.9% | 1,509 | $85K |
| CoreCap Advisors, LLC | 0.00% | Reduce -22.1% | 1,424 | $80K |
| Asset Planning,Inc | 0.06% | New | 1,410 | $79K |
| Harbour Investments, Inc. | 0.00% | Add +2.1% | 1,200 | $67K |
| Aster Capital Management (DIFC) Ltd | 0.02% | Add +29.7% | 1,188 | $67K |
| Smithfield Trust Co | 0.00% | No change | 1,175 | $65K |
| Byrne Asset Management LLC | 0.05% | New | 1,151 | $65K |
| Geneos Wealth Management Inc. | 0.00% | Add +44.0% | 1,037 | $58K |
| Larson Financial Group LLC | 0.00% | Add +106.8% | 1,030 | $58K |
| City State Bank | 0.02% | No change | 1,000 | $56K |
| SRH Advisors, LLC | 0.02% | No change | 1,000 | $56K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 1,000 | $56K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 980 | $55K |
| Hilltop National Bank | 0.01% | — | 900 | $50K |
| NewEdge Advisors, LLC | 0.00% | Reduce -73.7% | 880 | $49K |
| Quarry LP | 0.01% | Reduce -44.3% | 843 | $47K |
| Parallel Advisors, LLC | 0.00% | Reduce -10.6% | 827 | $46K |
| Brooklyn Investment Group | 0.01% | Add +470.6% | 816 | $46K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 800 | $45K |
| Ameritas Advisory Services, LLC | 0.00% | New | 763 | $43K |
| North Star Investment Management Corp. | 0.00% | No change | 750 | $42K |
| Fifth Third Bancorp | 0.00% | Reduce -15.2% | 699 | $39K |
| Optiver Holding B.V. | 0.00% | Reduce -23.8% | 689 | $39K |
| UMB Bank, n.a. | 0.00% | Reduce -14.9% | 651 | $37K |
| GAMMA Investing LLC | 0.00% | Add +6.1% | 642 | $36K |
| Gen-Wealth Partners Inc | 0.01% | No change | 634 | $36K |
| Global Retirement Partners, LLC | 0.00% | — | 592 | $33K |
| TD Waterhouse Canada Inc. | 0.00% | New | 550 | $31K |
| Spire Wealth Management | 0.00% | Add +4115.4% | 548 | $31K |
| WealthCollab, LLC | 0.02% | No change | 525 | $29K |
| Hussman Strategic Advisors, Inc. | 0.01% | No change | 500 | $28K |
| IMA Advisory Services, Inc. | 0.00% | No change | 500 | $28K |
| Versant Capital Management, Inc | 0.00% | Add +1.0% | 489 | $27K |
| Clarity Asset Management, Inc. | 0.02% | Reduce -7.8% | 484 | $27K |
| Clearstead Trust, LLC | 0.01% | Reduce -5.4% | 472 | $26K |
| Blue Trust, Inc. | 0.00% | Reduce -27.3% | 465 | $26K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 456 | $26K |
| MAI Capital Management | 0.00% | Add +76.5% | 429 | $24K |
| Tompkins Financial Corp. | 0.00% | No change | 400 | $22K |
| CENTRAL TRUST Co | 0.00% | No change | 400 | $22K |
| Eastern Bank | 0.00% | No change | 400 | $22K |
| Canton Hathaway, LLC | 0.00% | No change | 400 | $22K |
| GHP Investment Advisors, Inc. | 0.00% | Add +139.6% | 381 | $21K |
| Wilmington Savings Fund Society, FSB | 0.00% | No change | 358 | $20K |
| SBI Securities Co., Ltd. | 0.00% | Add +26.5% | 329 | $18K |
| Caitong International Asset Management Co., Ltd | 0.01% | Add +226.3% | 323 | $18K |
| St Germain D J Co. Inc. | 0.00% | New | 286 | $16K |
| Rise Advisors, LLC | 0.01% | Add +1.1% | 273 | $15K |
| Bogart Wealth, LLC | 0.00% | New | 269 | $15K |
| LRI Investments, LLC | 0.00% | No change | 268 | $15K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -49.5% | 248 | $14K |
| Arax Advisory Partners | 0.00% | Reduce -16.9% | 226 | $13K |
| Hopwood Financial Services, Inc. | 0.01% | No change | 216 | $12K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +184.5% | 165 | $9K |
| Cypress Capital Management LLC (WY) | 0.01% | No change | 150 | $8K |
| Rothschild Investment LLC | 0.00% | Add +15.4% | 150 | $8K |
| Truvestments Capital LLC | 0.00% | Reduce -59.4% | 136 | $8K |
| Hemington Wealth Management | 0.00% | Reduce -28.6% | 130 | $7K |
| Iron Horse Wealth Management, LLC | 0.00% | No change | 120 | $7K |
| Advantage Trust Co | 0.00% | New | 100 | $6K |
| St. Johns Investment Management Company, LLC | 0.00% | No change | 100 | $6K |
| Financial Perspectives, Inc | 0.00% | No change | 100 | $6K |
| Private Wealth Management Group, LLC | 0.00% | No change | 97 | $5K |
| Clearstead Advisors, LLC | 0.00% | Add +14.5% | 79 | $4K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +205.3% | 58 | $3K |
| Sound Income Strategies, LLC | 0.00% | Reduce -88.9% | 52 | $3K |
| Twin Peaks Wealth Advisors, LLC | 0.00% | New | 48 | $3K |
| Bell Investment Advisors, Inc | 0.00% | Add +33.3% | 52 | $3K |
| WPG Advisers, LLC | 0.00% | Add +31.6% | 50 | $3K |
| Private Trust Co. NA | 0.00% | Reduce -88.2% | 40 | $2K |
| First Horizon Advisors, Inc. | 0.00% | Add +300.0% | 32 | $2K |
| JFS Wealth Advisors, LLC | 0.00% | Reduce -30.2% | 30 | $2K |
| Cornerstone Planning Group LLC | 0.00% | Reduce -22.9% | 27 | $2K |
| Park Square Financial Group, LLC | 0.00% | New | 26 | $1K |
| Fortitude Family Office, LLC | 0.00% | New | 23 | $1K |
| Avion Wealth | 0.00% | No change | 20 | $1K |
| Picton Mahoney Asset Management | 0.00% | No change | 19 | $1K |
| Parkside Financial Bank & Trust | 0.00% | Reduce -62.5% | 15 | $842 |
| NewSquare Capital LLC | 0.00% | New | 13 | $729 |
| Kilter Group LLC | 0.00% | New | 12 | $674 |
| Sachetta, LLC | 0.00% | No change | 10 | $561 |
| SouthState Bank Corp | 0.00% | No change | 10 | $561 |
| MV Capital Management, Inc. | 0.00% | No change | 9 | $505 |
| CVA Family Office, LLC | 0.00% | No change | 9 | $505 |
| DiNuzzo Private Wealth, Inc. | 0.00% | Reduce -22.2% | 7 | $393 |
| Financial Management Professionals, Inc. | 0.00% | No change | 6 | $337 |
| WealthTrak Capital Management LLC | 0.00% | No change | 5 | $281 |
| SJS Investment Consulting Inc. | 0.00% | Reduce -50.0% | 5 | $281 |
| Bay Harbor Wealth Management, LLC | 0.00% | Add +300.0% | 4 | $224 |
| HFM Investment Advisors, LLC | 0.00% | Add +200.0% | 3 | $168 |
| Leonteq Securities AG | 0.00% | No change | 3 | $168 |
| True Wealth Design, LLC | 0.00% | No change | 1 | $57 |
| Rialto Wealth Management, LLC | 0.00% | New | 1 | $57 |
"% of holder's portfolio" is BKH's weight in each manager's 13F, not the share of Black Hills Corp. the manager owns.