Black HillsBKH
13F holders, Q4 2025 (December 31)461holders +29
62new positions
43sold out
7famous investors
$69.22avg. 13F price*
At the end of Q4 2025, 461 institutions reported holding Black Hills Corp. (BKH) in their 13F filings, up 29 from Q3 2025. 62 opened new positions and 43 sold out. The largest holders were BlackRock, Inc. ($842.6M), Vanguard Group Inc. ($623.0M) and State Street Corp. ($262.4M). 7 famous investors held it, including Steve Cohen (0.2% of Point72 Asset Management's portfolio), Mario Gabelli (0.1% of GAMCO Investors's portfolio) and Cliff Asness (0.1% of AQR Capital Management's portfolio).
- Company
- Black Hills Corp.
- CUSIP
- 092113109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 62 | $240.9M |
| Exits | 43 | $104.1M |
All 13F filers, Q3 2025 → Q4 2025: 13,030,835 shares bought and 8,633,544 shares sold, net +4,397,291 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 461 holders
| BlackRock, Inc. | 0.01% | Add +7.1% | 12,138,305 | $842.6M |
| Vanguard Group Inc. | 0.01% | Reduce -0.2% | 8,974,122 | $623.0M |
| State Street Corp. | 0.01% | Reduce -1.5% | 3,780,111 | $262.4M |
| Nomura Asset Management International Inc. | 0.28% | — | 2,655,062 | $184.3M |
| Capital Research Global Investors | 0.03% | Add +38.7% | 2,275,922 | $158.0M |
| Covalis Capital LLP | 11.15% | New | 2,057,160 | $142.8M |
| Geode Capital Management, LLC | 0.01% | Add +3.0% | 1,894,539 | $131.5M |
| Point72 Asset Management | 0.21% | Add +12698.4% | 1,875,221 | $130.2M |
| Adage Capital Partners Gp, L.L.C. | 0.17% | Add +176.9% | 1,592,000 | $110.5M |
| AQR Capital Management | 0.05% | Add +3.2% | 1,418,384 | $98.5M |
| Cohen & Steers, Inc. | 0.17% | Add +17.8% | 1,385,759 | $96.2M |
| Nuveen, LLC | 0.02% | Reduce -3.1% | 1,230,205 | $85.4M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -0.8% | 1,191,648 | $82.7M |
| Two Sigma Investments, LP | 0.13% | Add +123.9% | 1,176,944 | $81.7M |
| Dimensional Fund Advisors LP | 0.02% | Add +2.2% | 1,123,163 | $78.0M |
| Two Sigma Advisers, LP | 0.13% | Add +739.7% | 978,200 | $67.9M |
| Goldman Sachs Group Inc. | 0.01% | Add +3.2% | 967,603 | $67.2M |
| Northern Trust Corp. | 0.01% | Reduce -4.0% | 918,827 | $63.8M |
| Engineers Gate Manager LP | 0.70% | Add +17790.3% | 849,073 | $58.9M |
| Franklin Resources Inc. | 0.01% | Add +41.3% | 832,727 | $57.8M |
| Fuller & Thaler Asset Management, Inc. | 0.19% | Reduce -39.6% | 800,458 | $55.6M |
| Bank of New York Mellon Corp | 0.01% | Reduce -7.5% | 789,678 | $54.8M |
| First Trust Advisors LP | 0.04% | Reduce -16.3% | 728,943 | $50.6M |
| Victory Capital Management Inc. | 0.03% | Reduce -2.9% | 706,327 | $49.0M |
| Invesco Ltd. | 0.00% | Reduce -25.5% | 609,706 | $42.3M |
| ProShare Advisors LLC | 0.07% | Reduce -18.1% | 603,142 | $41.9M |
| Millennium Management | 0.03% | Add +384.2% | 574,943 | $39.9M |
| UBS Group AG | 0.01% | Add +86.5% | 572,227 | $39.7M |
| Morgan Stanley | 0.00% | Reduce -8.4% | 566,831 | $39.3M |
| Think Investments LP | 4.77% | New | 537,637 | $37.3M |
| Gabelli Funds LLC | 0.25% | Reduce -0.9% | 533,331 | $37.0M |
| Crawford Investment Counsel Inc. | 0.57% | Add +9.4% | 489,565 | $34.0M |
| JPMorgan Chase & Co. | 0.00% | Reduce -29.2% | 437,371 | $30.4M |
| Bank of America Corp. | 0.00% | Reduce -18.9% | 430,230 | $29.9M |
| Old Republic International Corp. | 1.17% | No change | 416,000 | $28.9M |
| Janus Henderson Group PLC | 0.01% | Reduce -12.1% | 398,420 | $27.7M |
| Manufacturers Life Insurance Company, The | 0.02% | Reduce -0.3% | 393,348 | $27.3M |
| Duff & Phelps Investment Management Co. | 0.31% | No change | 389,700 | $27.1M |
| Hotchkis & Wiley Capital Management LLC | 0.08% | Reduce -5.8% | 380,574 | $26.4M |
| Legal & General Group Plc | 0.01% | Reduce -9.8% | 339,452 | $23.6M |
| Alliancebernstein L.P. | 0.01% | Add +123.3% | 309,141 | $21.5M |
| HighTower Advisors, LLC | 0.02% | Add +48.6% | 278,659 | $19.3M |
| Zimmer Partners, LP | 0.50% | Reduce -74.9% | 276,034 | $19.2M |
| Freestone Grove Partners LP | 0.13% | Add +79.2% | 266,005 | $18.5M |
| Voya Investment Management LLC | 0.02% | Reduce -5.2% | 255,898 | $17.8M |
| Verition Fund Management LLC | 0.10% | Add +113.8% | 251,435 | $17.5M |
| Jane Street Group, LLC | 0.02% | Reduce -74.0% | 240,551 | $16.7M |
| Paradiem, LLC | 3.90% | Reduce -0.1% | 234,687 | $16.3M |
| Brandywine Global Investment Management, LLC | 0.11% | Reduce -3.5% | 231,017 | $16.0M |
| Rhumbline Advisers | 0.01% | Reduce -6.7% | 225,446 | $15.7M |
| Squarepoint Ops LLC | 0.03% | Add +45.5% | 213,023 | $14.8M |
| GAMCO Investors | 0.14% | Reduce -0.1% | 207,132 | $14.4M |
| California Public Employees Retirement System | 0.01% | Reduce -20.1% | 203,337 | $14.1M |
| Glenmede Trust Co. NA | 0.06% | — | 191,410 | $13.3M |
| Barclays PLC | 0.00% | Reduce -1.4% | 164,079 | $11.4M |
| Principal Financial Group Inc. | 0.01% | Reduce -0.5% | 163,397 | $11.3M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.03% | Add +57.4% | 159,341 | $11.1M |
| Phocas Financial Corp. | 1.39% | Reduce -11.8% | 154,041 | $10.7M |
| Swiss National Bank | 0.01% | Add +2.3% | 143,779 | $10.0M |
| Leeward Investments, LLC - MA | 0.50% | Reduce -0.6% | 141,580 | $9.8M |
| Hunter Perkins Capital Management, LLC | 2.26% | Reduce -7.9% | 140,509 | $9.8M |
| Yaupon Capital Management LP | 0.47% | New | 138,958 | $9.6M |
| First Eagle Investment Management, LLC | 0.02% | Add +2.4% | 126,670 | $8.8M |
| Assenagon Asset Management S.A. | 0.01% | New | 124,539 | $8.6M |
| Mutual of America Capital Management LLC | 0.09% | Reduce -5.1% | 124,484 | $8.6M |
| Martin Capital Partners, LLC | 3.23% | Reduce -0.8% | 123,489 | $8.6M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.04% | Reduce -10.6% | 122,582 | $8.5M |
| Algert Global LLC | 0.13% | No change | 120,604 | $8.4M |
| Wells Fargo & Company | 0.00% | Add +27.5% | 119,845 | $8.3M |
| Ameriprise Financial Inc. | 0.00% | Reduce -3.0% | 118,741 | $8.2M |
| Stifel Financial Corp. | 0.01% | Add +7.2% | 115,609 | $8.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -5.2% | 115,310 | $8.0M |
| Russell Investments Group, Ltd. | 0.01% | Add +2.6% | 113,761 | $7.9M |
| Royal Bank of Canada | 0.00% | Add +23.1% | 112,445 | $7.8M |
| Jain Global LLC | 0.08% | Add +2481.7% | 110,211 | $7.7M |
| Citadel Advisors | 0.00% | Reduce -81.3% | 100,668 | $7.0M |
| Ieq Capital, LLC | 0.02% | Add +40.4% | 96,741 | $6.7M |
| Thrivent Financial for Lutherans | 0.01% | Reduce -16.8% | 94,464 | $6.6M |
| Mairs & Power Inc. | 0.06% | Reduce -3.6% | 94,138 | $6.5M |
| Marshall Wace, LLP | 0.01% | Add +175.5% | 91,853 | $6.4M |
| Congress Asset Management Co. | 0.04% | Reduce -2.9% | 90,687 | $6.3M |
| Retirement Systems of Alabama | 0.02% | Add +2.8% | 90,579 | $6.3M |
| Sei Investments Co. | 0.01% | Reduce -10.6% | 89,361 | $6.2M |
| BW Gestao de Investimentos Ltda. | 0.21% | New | 86,219 | $6.0M |
| Cerity Partners LLC | 0.01% | Add +22.2% | 85,406 | $5.9M |
| Susquehanna International Group, LLP | 0.01% | New | 82,350 | $5.7M |
| Burney Co./ | 0.18% | Add +3.4% | 81,735 | $5.7M |
| Benson Investment Management Company, Inc. | 1.94% | Add +1.1% | 79,555 | $5.5M |
| MetLife Investment Management, LLC | 0.03% | Reduce -3.2% | 76,122 | $5.3M |
| Federated Hermes, Inc. | 0.01% | Add +30.2% | 74,333 | $5.2M |
| New York State Teachers Retirement System | 0.01% | No change | 73,390 | $5.1M |
| T. Rowe Price Associates Inc. | 0.00% | Add +5.5% | 72,465 | $5.0M |
| Man Group plc | 0.01% | Add +281.8% | 72,164 | $5.0M |
| California State Teachers Retirement System | 0.00% | Reduce -2.1% | 69,066 | $4.8M |
| Martingale Asset Management L P | 0.12% | Reduce -18.3% | 67,239 | $4.7M |
| Envestnet Asset Management Inc. | 0.00% | Add +5.9% | 65,339 | $4.5M |
| Alta Capital Management LLC/ | 0.29% | Reduce -2.2% | 61,889 | $4.3M |
| South Dakota Investment Council | 0.08% | Reduce -18.4% | 61,275 | $4.3M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Reduce -17.8% | 60,477 | $4.2M |
| Waverly Advisors, LLC | 0.03% | Add +2.8% | 58,752 | $4.1M |
"% of holder's portfolio" is BKH's weight in each manager's 13F, not the share of Black Hills Corp. the manager owns.