BLACK HILLS CORP /SD/ - Common Stock (BKH) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
BKH on NYSE
Shares outstanding
72,072,055
Price per share
$69.42
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
65,466,835
Total reported value
$4,032,088,809
% of total 13F portfolios
0%
Share change
+4,226,386
Value change
+$281,101,327
Number of holders
422
Price from insider filings
$69.42
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of BLACK HILLS CORP /SD/ - Common Stock (BKH) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 15% -9.4% $597,047,785 -$55,487,862 10,522,520 -8.5% BlackRock, Inc. 31 Mar 2025

As of 30 Sep 2025, 422 institutional investors reported holding 65,466,835 shares of BLACK HILLS CORP /SD/ - Common Stock (BKH). This represents 91% of the company’s total 72,072,055 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of BLACK HILLS CORP /SD/ - Common Stock (BKH) together control 66% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 16% 11,336,083 +0.13% 0.01% $698,189,371
VANGUARD GROUP INC 12% 8,990,841 +2.6% 0.01% $553,745,897
STATE STREET CORP 5.3% 3,837,014 -0.12% 0.01% $236,321,692
MACQUARIE GROUP LTD 3.1% 2,224,795 -7.2% 0.16% $137,025,263
GEODE CAPITAL MANAGEMENT, LLC 2.6% 1,839,307 +0.93% 0.01% $113,304,219
Capital Research Global Investors 2.3% 1,641,122 0% 0.02% $101,076,704
AQR CAPITAL MANAGEMENT LLC 1.9% 1,374,050 +53% 0.05% $84,627,769
FULLER & THALER ASSET MANAGEMENT, INC. 1.8% 1,325,970 -0.21% 0.28% $81,666,475
Nuveen, LLC 1.8% 1,269,990 +24% 0.02% $78,218,684
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.7% 1,200,635 -0.44% 0.01% $73,947,110
COHEN & STEERS, INC. 1.6% 1,176,624 0.13% $72,468,000
Zimmer Partners, LP 1.5% 1,100,020 +2100% 1.7% $67,750,232
DIMENSIONAL FUND ADVISORS LP 1.5% 1,099,293 +2% 0.01% $67,703,638
NORTHERN TRUST CORP 1.3% 957,493 -0.55% 0.01% $58,971,994
GOLDMAN SACHS GROUP INC 1.3% 937,390 +58% 0.01% $57,733,831
JANE STREET GROUP, LLC 1.3% 925,749 +806% 0.07% $57,016,881
FIRST TRUST ADVISORS LP 1.2% 870,973 -2.5% 0.04% $53,643,192
Bank of New York Mellon Corp 1.2% 853,836 -1.6% 0.01% $52,587,757
Invesco Ltd. 1.1% 818,348 +4.4% 0.01% $50,402,033
ProShare Advisors LLC 1% 736,014 +11% 0.09% $45,331,103
VICTORY CAPITAL MANAGEMENT INC 1% 727,443 +2.8% 0.03% $44,803,215
Balyasny Asset Management L.P. 0.92% 664,080 +10853% 0.08% $40,900,687
MORGAN STANLEY 0.86% 618,653 -2.9% 0% $38,102,881
JPMORGAN CHASE & CO 0.86% 618,131 +68% 0% $38,070,688
FRANKLIN RESOURCES INC 0.8% 576,726 -45% 0.01% $35,520,554

Institutional Holders of BLACK HILLS CORP /SD/ - Common Stock (BKH) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 1,240,585 $86,198,947 +$8,226,505 $69.42 52
2025 Q3 65,466,835 $4,032,088,809 +$281,101,327 $61.59 422
2025 Q2 61,252,949 $3,424,164,161 -$12,756,553 $56.10 411
2025 Q1 61,262,004 $3,715,181,163 +$55,130,573 $60.65 411
2024 Q4 60,713,786 $3,552,971,233 +$23,088,311 $58.52 394
2024 Q3 60,449,459 $3,693,821,645 +$77,257,778 $61.12 387
2024 Q2 59,070,425 $3,212,248,891 -$13,445,786 $54.38 370
2024 Q1 59,413,072 $3,244,058,676 +$3,822,619 $54.60 389
2023 Q4 131,156 $7,075,885 +$3,255,504 $53.95 4
2023 Q3 58,075,803 $2,938,163,280 -$17,348,085 $50.59 337
2023 Q2 58,072,298 $3,499,693,550 +$29,555,363 $60.26 322
2023 Q1 56,694,149 $3,577,284,664 -$90,640,317 $63.10 320
2022 Q4 58,241,123 $4,092,676,562 +$70,963,807 $70.34 313
2022 Q3 54,420,146 $3,686,314,192 +$44,896,269 $67.73 310
2022 Q2 56,698,070 $4,121,778,123 -$5,483,771 $72.77 332
2022 Q1 56,339,944 $4,332,863,498 +$120,903,017 $77.02 310
2021 Q4 55,379,085 $3,907,261,435 +$12,938,365 $70.57 312
2021 Q3 54,556,558 $3,425,089,306 -$19,601,383 $62.76 286
2021 Q2 55,421,804 $3,638,832,475 +$65,689,609 $65.63 275
2021 Q1 53,427,560 $3,567,296,305 +$20,372,849 $66.77 287
2020 Q4 54,074,047 $3,322,756,891 +$38,065,619 $61.45 282
2020 Q3 53,172,143 $2,845,800,298 -$22,579,847 $53.49 277
2020 Q2 53,767,925 $3,052,976,911 +$535,468 $56.66 284
2020 Q1 53,784,353 $3,442,706,422 +$61,385,078 $64.03 285
2019 Q4 52,875,603 $4,152,446,721 -$7,032,869 $78.54 298
2019 Q3 53,137,039 $4,076,948,572 -$52,883,649 $76.73 302
2019 Q2 53,809,225 $4,205,578,136 +$148,979,776 $78.17 301
2019 Q1 52,574,191 $3,893,946,588 +$12,062,626 $74.07 295
2018 Q4 51,866,735 $3,256,083,200 +$32,347,302 $62.78 282
2018 Q3 52,270,786 $3,036,741,872 -$65,508,346 $58.09 260
2018 Q2 53,352,283 $3,265,625,488 +$55,921,294 $61.21 263
2018 Q1 52,793,648 $2,866,609,504 +$12,326,222 $54.30 259
2017 Q4 51,250,501 $3,080,128,802 +$54,133,657 $60.11 249
2017 Q3 50,654,861 $3,488,461,352 +$56,341,070 $68.87 241
2017 Q2 49,410,133 $3,333,809,453 +$42,029,708 $67.47 237
2017 Q1 50,425,885 $3,351,599,553 +$691,611,856 $66.47 234
2016 Q4 48,283,877 $2,961,661,251 +$15,506,111 $61.34 236
2016 Q3 47,728,903 $2,921,844,222 +$117,024,399 $61.22 236
2016 Q2 45,510,801 $2,868,781,920 +$10,633,851 $63.04 246
2016 Q1 45,407,508 $2,730,605,604 +$154,416,209 $60.13 241
2015 Q4 43,886,839 $2,037,704,906 +$453,028,806 $46.43 221
2015 Q3 34,103,769 $1,411,171,952 +$55,327,527 $41.34 210
2015 Q2 32,141,167 $1,402,946,855 +$9,708,176 $43.65 200
2015 Q1 32,917,744 $1,660,472,332 +$2,190,758 $50.44 207
2014 Q4 32,622,060 $1,730,087,342 +$31,522,868 $53.04 204
2014 Q3 32,916,394 $1,576,045,763 +$22,005,720 $47.88 210
2014 Q2 32,378,315 $1,986,762,140 +$31,473,066 $61.39 211
2014 Q1 31,909,550 $1,839,499,710 +$40,594,106 $57.65 215