BLACK HILLS CORP (BKH)
Institutional ownership reported to the SEC as of Q2 2026, across 31 quarters.
445
Reporting holders
$5.7B
Reported value
101.0%
Of shares outstanding
0.3%
Held as options
+5
Holder change
Institutions report 77,038,815 shares against 76,253,141 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. Over 100% because an adviser and a sub-adviser can both report the same shares, and both are counted.
Options share is the part of reported value carried in derivative lines rather than shares. A high figure means institutions are expressing a view on this security without owning much of it.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $928.7M | 12,482,189 | 0.01% | 8q | +2.9%+$26.2M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $382.5M | 5,141,103 | 0.02% | 2q | +2.0%+$7.5M |
| STATE STREET CORP | $284.2M | 3,819,510 | 0.01% | 31q | +5.5%+$14.8M |
| VANGUARD CAPITAL MANAGEMENT LLC | $255.1M | 3,428,442 | 0.01% | 2q | +1.7%+$4.4M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $185.8M | 2,496,967 | 0.28% | 3q | -6.8%-$13.6M |
| AQR CAPITAL MANAGEMENT LLC | $166.1M | 2,232,003 | 0.06% | 31q | +39.9%+$47.3M |
| Point72 Asset Management, L.P. | $160.8M | 2,161,197 | 0.18% | 4q | +11.2%+$16.2M |
| GEODE CAPITAL MANAGEMENT, LLC | $158.6M | 2,131,386 | 0.01% | 31q | +6.8%+$10.2M |
| FRANKLIN RESOURCES INC | $146.1M | 1,963,191 | 0.03% | 31q | +24.5%+$28.8M |
| Capital Research Global Investors | $135.9M | 1,825,961 | 0.02% | 18q | -19.8%-$33.5M |
| TWO SIGMA INVESTMENTS, LP | $123.7M | 1,663,178 | 0.09% | 13q | -24.9%-$41.1M |
| Covalis Capital LLP | $110.2M | 1,481,404 | 6.22% | 3q | -15.5%-$20.2M |
| Engineers Gate Manager LP | $107.3M | 1,442,064 | 1.39% | 14q | +35.7%+$28.2M |
| GOLDMAN SACHS GROUP INC | $106.5M | 1,431,217 | 0.01% | 31q | -9.7%-$11.4M |
| CITADEL ADVISORS LLC | $96.6M | 1,259,693 | 0.01% | 31q | +39.5%+$27.4M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $90.3M | 1,213,841 | 0.01% | 31q | HELD |
| Sixth Street Partners Management Company, L.P. | $90.3M | 1,213,841 | 0.01% | new | NEW |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $88.2M | 1,185,024 | 0.12% | 5q | -42.7%-$65.8M |
| DIMENSIONAL FUND ADVISORS LP | $87.1M | 1,171,138 | 0.02% | 31q | +2.6%+$2.2M |
| Invesco Ltd. | $87.1M | 1,170,367 | 0.01% | 31q | +10.3%+$8.2M |
| MORGAN STANLEY | $83.9M | 1,127,193 | 0.00% | 35q | +37.3%+$22.8M |
| Nuveen, LLC | $72.9M | 979,186 | 0.02% | 6q | +0.6%+$441.9K |
| VICTORY CAPITAL MANAGEMENT INC | $69.9M | 939,239 | 0.04% | 31q | +37.1%+$18.9M |
| NORTHERN TRUST CORP | $68.8M | 924,786 | 0.01% | 31q | -2.1%-$1.5M |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $68.4M | 919,080 | 0.32% | 29q | HELD |
| Pictet Asset Management Holding SA | $62.1M | 835,252 | 0.06% | 12q | +40.7%+$18.0M |
| Bank of New York Mellon Corp | $56.8M | 763,990 | 0.01% | 31q | -2.6%-$1.5M |
| FULLER & THALER ASSET MANAGEMENT, INC. | $55.6M | 747,808 | 0.15% | 23q | -2.7%-$1.6M |
| FIRST TRUST ADVISORS LP | $50.4M | 676,867 | 0.03% | 31q | -4.0%-$2.1M |
| BANK OF AMERICA CORP /DE/ | $42.6M | 572,758 | 0.00% | 31q | -36.4%-$24.3M |
| GABELLI FUNDS LLC | $38.6M | 518,975 | 0.25% | 31q | -2.1%-$843.8K |
| CRAWFORD INVESTMENT COUNSEL INC | $38.4M | 516,589 | 0.64% | 28q | HELD |
| VANGUARD FIDUCIARY TRUST CO | $37.6M | 504,768 | 0.01% | 2q | +3.0%+$1.1M |
| ProShare Advisors LLC | $34.5M | 464,173 | 0.05% | 31q | +3.7%+$1.2M |
| Yaupon Capital Management LP | $34.1M | 458,430 | 0.67% | 3q | +85.9%+$15.8M |
| Merewether Investment Management, LP | $33.9M | 455,327 | 0.64% | new | NEW |
| JPMORGAN CHASE & CO | $32.0M | 421,165 | 0.00% | 31q | +2.6%+$805.1K |
| UBS Group AG | $31.4M | 421,574 | 0.00% | 31q | +5.6%+$1.7M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $29.4M | 395,331 | 0.02% | 31q | HELD |
| HighTower Advisors, LLC | $29.4M | 394,572 | 0.03% | 26q | +18.0%+$4.5M |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $26.4M | 354,743 | 0.08% | 16q | +0.6%+$161.4K |
| PRINCIPAL FINANCIAL GROUP INC | $25.3M | 340,645 | 0.01% | 31q | +6.1%+$1.5M |
| Connor, Clark & Lunn Investment Management Ltd. | $25.1M | 337,335 | 0.05% | 6q | +19.9%+$4.2M |
| D. E. Shaw & Co., Inc. | $25.0M | 335,535 | 0.01% | 4q | -3.5%-$901.7K |
| Legal & General Group Plc | $24.0M | 321,911 | 0.00% | 31q | +2.6%+$601.8K |
| Jupiter Topco LLC | $23.5M | 316,064 | 0.01% | new | FIRST |
| Freestone Grove Partners LP | $22.5M | 302,329 | 0.14% | 4q | -23.0%-$6.7M |
| Resolution Capital Ltd | $19.2M | 257,983 | 0.35% | 2q | +50.2%+$6.4M |
| RENAISSANCE TECHNOLOGIES LLC | $18.4M | 247,800 | 0.03% | 2q | +212.9%+$12.5M |
| RHUMBLINE ADVISERS | $18.0M | 241,914 | 0.01% | 31q | +4.8%+$823.2K |
| EVENTIDE ASSET MANAGEMENT, LLC | $17.2M | 230,351 | 0.23% | new | NEW |
| CONGRESS ASSET MANAGEMENT CO | $16.3M | 219,718 | 0.10% | 31q | +96.6%+$8.0M |
| Paradiem, LLC | $16.3M | 219,405 | 3.52% | 7q | -2.4%-$406.4K |
| BW Gestao de Investimentos Ltda. | $16.0M | 215,401 | 0.32% | 3q | +64.8%+$6.3M |
| Verition Fund Management LLC | $15.6M | 210,000 | 0.04% | 12q | +111.6%+$8.2M |
| GAMCO INVESTORS, INC. ET AL | $15.4M | 206,488 | 0.14% | 31q | HELD |
| Zimmer Partners, LP | $14.4M | 193,534 | 0.33% | 8q | -73.9%-$40.7M |
| Squarepoint Ops LLC | $14.2M | 190,598 | 0.02% | 7q | -29.2%-$5.8M |
| Verbena Value LP | $13.3M | 178,800 | 2.20% | new | NEW |
| First Eagle Investment Management, LLC | $13.2M | 177,990 | 0.02% | 13q | +38.2%+$3.7M |
| GLENMEDE TRUST CO NA | $12.4M | 167,215 | 0.05% | 9q | -4.3%-$560.6K |
| Russell Investments Group, Ltd. | $11.9M | 160,433 | 0.01% | 31q | +30.3%+$2.8M |
| Swiss National Bank | $11.4M | 152,579 | 0.01% | 31q | +2.2%+$245.5K |
| California Public Employees Retirement System | $11.1M | 148,807 | 0.01% | 31q | -17.6%-$2.4M |
| ALLIANCEBERNSTEIN L.P. | $10.8M | 155,711 | 0.00% | 31q | +5.6%+$571.8K |
| Leeward Investments, LLC - MA | $10.1M | 135,390 | 0.46% | 18q | -1.7%-$177.4K |
| Ceredex Value Advisors LLC | $10.1M | 135,300 | 0.28% | new | NEW |
| AMERIPRISE FINANCIAL INC | $10.0M | 134,718 | 0.00% | 31q | -49.7%-$9.9M |
| ROYAL BANK OF CANADA | $9.8M | 132,406 | 0.00% | 31q | +28.4%+$2.2M |
| Lighthouse Investment Partners, LLC | $9.6M | 129,097 | 0.26% | 4q | +98.2%+$4.8M |
| Martin Capital Partners, LLC | $9.2M | 123,104 | 3.37% | 13q | HELD |
| VOYA INVESTMENT MANAGEMENT LLC | $9.1M | 122,778 | 0.01% | 31q | -5.6%-$539.1K |
| STIFEL FINANCIAL CORP | $8.7M | 117,181 | 0.01% | 22q | HELD |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $8.6M | 115,661 | 0.00% | 31q | HELD |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $8.5M | 114,791 | 0.08% | 31q | -5.4%-$487.8K |
| Phocas Financial Corp. | $8.5M | 113,884 | 1.18% | 31q | -5.0%-$442.8K |
| Cerity Partners LLC | $8.4M | 112,794 | 0.01% | 13q | +37.9%+$2.3M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8.2M | 8,089 | 0.00% | 31q | -86.0%-$50.7M |
| HITE Hedge Asset Management LLC | $8.1M | 108,500 | 0.44% | 3q | HELD |
| Corient Private Wealth LP | $8.0M | 1,588,308 | 0.01% | 5q | +3192.4%+$7.8M |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $7.8M | 104,756 | 0.04% | 31q | -10.9%-$951.7K |
| SEI INVESTMENTS CO | $7.3M | 98,513 | 0.01% | 31q | -6.5%-$508.4K |
| MAIRS & POWER INC | $7.3M | 98,285 | 0.07% | 31q | HELD |
| TUDOR INVESTMENT CORP ET AL | $7.1M | 95,184 | 0.01% | 2q | +7.9%+$519.6K |
| IEQ CAPITAL, LLC | $6.9M | 92,351 | 0.03% | 7q | +40.3%+$2.0M |
| WELLS FARGO & COMPANY/MN | $6.8M | 91,625 | 0.00% | 31q | -19.4%-$1.6M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $6.6M | 88,457 | 0.03% | 12q | -22.5%-$1.9M |
| MERCER GLOBAL ADVISORS INC /ADV | $6.6M | 88,180 | 0.00% | 6q | +217.6%+$4.5M |
| Magellan Asset Management Ltd | $6.3M | 85,307 | 0.14% | 31q | +15.0%+$829.2K |
| Hudson Bay Capital Management LP | $6.3M | 85,101 | 0.02% | 3q | +15.2%+$833.3K |
| Mariner, LLC | $6.3M | 84,814 | 0.01% | 18q | +85.7%+$2.9M |
| MetLife Investment Management, LLC | $6.0M | 80,633 | 0.03% | 4q | +4.6%+$263.5K |
| Retirement Systems of Alabama | $5.9M | 78,739 | 0.02% | 31q | -14.9%-$1.0M |
| DEUTSCHE BANK AG\ | $5.8M | 78,413 | 0.00% | 34q | +24.5%+$1.1M |
| Sagefield Capital LP | $5.7M | 77,093 | 0.43% | new | NEW |
| CITIGROUP INC | $5.7M | 76,354 | 0.00% | 31q | +149.3%+$3.4M |
| ALTA CAPITAL MANAGEMENT LLC/ | $5.5M | 74,336 | 0.41% | 7q | -1.0%-$56.7K |
| BARCLAYS PLC | $5.5M | 74,013 | 0.00% | 31q | +43.4%+$1.7M |
| Quantinno Capital Management LP | $5.4M | 72,005 | 0.01% | 8q | +6.4%+$322.4K |
| ENVESTNET ASSET MANAGEMENT INC | $5.2M | 69,813 | 0.00% | 31q | +2.0%+$99.5K |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-08-07 | 13G | STATE STREET CORPORATION | 5.0% |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 445 | $5.7B | 77,038,815 | 58 | 171 | 113 | 0.3% |
| Q1 2026 | 440 | $5.2B | 74,474,690 | 56 | 162 | 121 | 1.4% |
| Q4 2025 | 423 | $5.0B | 70,496,157 | 63 | 159 | 118 | 2.1% |
| Q3 2025 | 396 | $3.9B | 63,613,093 | 62 | 137 | 109 | 0.2% |
| Q2 2025 | 368 | $3.3B | 59,210,021 | 40 | 150 | 105 | 0.1% |
| Q1 2025 | 374 | $3.6B | 59,793,455 | 53 | 131 | 110 | 0.1% |
| Q4 2024 | 354 | $3.5B | 59,333,450 | 32 | 127 | 102 | 0.1% |
| Q3 2024 | 339 | $3.6B | 59,055,399 | 46 | 121 | 97 | 0.1% |
| Q2 2024 | 323 | $3.1B | 57,492,754 | 26 | 139 | 93 | 0.2% |
| Q1 2024 | 339 | $3.3B | 60,326,681 | 48 | 132 | 96 | 0.2% |
| Q4 2023 | 315 | $3.2B | 58,704,177 | 47 | 118 | 78 | 0.2% |
| Q3 2023 | 292 | $2.8B | 55,959,138 | 34 | 96 | 100 | 0.1% |
| Q2 2023 | 283 | $3.4B | 56,382,475 | 36 | 101 | 79 | 0.1% |
| Q1 2023 | 276 | $3.4B | 54,241,965 | 44 | 78 | 94 | 0.1% |
| Q4 2022 | 242 | $3.6B | 51,286,786 | 29 | 81 | 71 | 0.2% |
| Q3 2022 | 326 | $4.0B | 58,949,401 | 24 | 122 | 95 | 0.1% |
| Q2 2022 | 343 | $4.1B | 56,712,340 | 53 | 108 | 91 | 0.1% |
| Q1 2022 | 326 | $4.4B | 57,324,771 | 39 | 97 | 98 | 0.1% |
| Q4 2021 | 324 | $3.9B | 55,527,354 | 45 | 110 | 74 | 0.1% |
| Q3 2021 | 290 | $3.5B | 55,098,195 | 34 | 70 | 94 | 0.1% |
| Q2 2021 | 282 | $3.6B | 55,440,279 | 16 | 64 | 122 | 0.1% |
| Q1 2021 | 295 | $3.6B | 54,453,165 | 37 | 85 | 97 | 0.1% |
| Q4 2020 | 292 | $3.3B | 54,144,181 | 39 | 82 | 103 | 0.2% |
| Q3 2020 | 287 | $2.9B | 53,559,977 | 34 | 93 | 96 | 0.1% |
| Q2 2020 | 292 | $3.1B | 53,836,707 | 36 | 105 | 82 | 0.1% |
| Q1 2020 | 297 | $3.5B | 54,618,249 | 43 | 89 | 90 | 0.1% |
| Q4 2019 | 306 | $4.2B | 53,761,119 | 32 | 98 | 97 | 0.0% |
| Q3 2019 | 308 | $4.1B | 53,257,983 | 36 | 97 | 97 | 0.0% |
| Q2 2019 | 308 | $4.4B | 56,178,468 | 48 | 101 | 83 | 0.1% |
| Q1 2019 | 304 | $3.9B | 52,985,900 | 52 | 80 | 86 | 0.0% |
| Q4 2018 | 292 | $3.3B | 53,274,295 | 4 | 6 | 8 | 0.1% |