Black HillsBKH

13F holders, Q2 2025 (June 30)
413holders
46new positions
47sold out
7famous investors
$55.90avg. 13F price*

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

0100200300400500 Q1 2024: 393Q1 2024Q2 2024: 375Q2 2024Q3 2024: 394Q3 2024Q4 2024: 400Q4 2024Q1 2025: 413Q1 2025Q2 2025: 413Q2 2025Q3 2025: 432Q3 2025Q4 2025: 461Q4 2025Q1 2026: 476Q1 2026Q2 2026: 477Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions46$31.7M
Exits47$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.