Black Hills Corp /Sd/ (BKH) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

73,200,000Shares Outstanding

74,432,158Shares held by institutions

$5,272,029,751Value of institutional holdings

101.68%Institutional ownership %

13.91%Shares Changed QoQ

448No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

Black Hills Corp /Sd/ (NYSE:BKH) showed up in the 13F filings of 448 institutional investors as of December 2025.

These investors collectively held 100.3% of Black Hills's outstanding shares in December 2025, up from 91.6% in September 2025.
They increased total shares held in Black Hills by 13.58% from the prior quarter, while the number of investors in BKH increased 13.99% year over year.
Of these 448 funds, 246 grew their exposure to Black Hills, 134 cut back, and 68 maintained positions.
Institutional investors collectively held 73.45Mn shares in Black Hills as of December 2025, up by 8.78Mn shares quarter on quarter, and up 10.4Mn shares year over year.
As of December 31, 2025, the biggest holder of Black Hills is Hilltop National Bank at 1.15K shares, representing 0.0% of shares outstanding.
Top purchasers of BKH stock for the quarter ending December 2025 included Ares Financial Consulting, LLC (270).
Business Quant data shows the 3 biggest positions in Black Hills as of December 2025 are held by Hilltop National Bank (1.15K), Ares Financial Consulting, LLC (371), Byrne Asset Management LLC (350).

448 Institutional Holders

74,432,158 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
BlackRock, Inc.	31 Dec, 2025	12,138,305	802,222	7.08%	$842,641,139.00
VANGUARD GROUP INC	31 Dec, 2025	8,974,122	-16,719	-0.19%	$622,983,548.00
State Street Corp	31 Dec, 2025	3,780,111	-56,903	-1.48%	$262,415,306.00
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	31 Dec, 2025	2,655,062	2,655,062	0.00%	$184,314,876.00
Capital Research Global Investors	31 Dec, 2025	2,275,922	634,800	38.68%	$157,994,505.00
Covalis Capital LLP	31 Dec, 2025	2,057,160	2,057,160	0.00%	$142,808,047.00
Goldman Sachs Group Inc	31 Dec, 2025	1,935,206	997,816	106.45%	$134,342,058.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	1,894,539	55,232	3.00%	$131,547,811.00
Point72 Asset Management, L.P.	31 Dec, 2025	1,875,221	1,860,569	12,698.40%	$130,177,842.00
FULLER & THALER ASSET MANAGEMENT, INC.	31 Dec, 2025	1,600,916	274,946	20.74%	$111,135,626.00
ADAGE CAPITAL PARTNERS GP, L.L.C.	31 Dec, 2025	1,592,000	1,017,000	176.87%	$110,516,640.00
AQR CAPITAL MANAGEMENT LLC	31 Dec, 2025	1,418,384	44,334	3.23%	$98,464,193.00
Cohen & Steers, Inc.	31 Dec, 2025	1,385,759	209,135	17.77%	$96,199.00
Nuveen, LLC	31 Dec, 2025	1,230,205	-39,785	-3.13%	$85,400,830.00
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	31 Dec, 2025	1,191,648	-8,987	-0.75%	$82,724,204.00
TWO SIGMA INVESTMENTS, LP	31 Dec, 2025	1,176,944	651,291	123.90%	$81,703,452.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	1,123,163	23,870	2.17%	$77,970,564.00
TWO SIGMA ADVISERS, LP	31 Dec, 2025	978,200	861,702	739.67%	$67,906,644.00
Northern Trust Corp	31 Dec, 2025	918,827	-38,666	-4.04%	$63,784,970.00
Engineers Gate Manager LP	31 Dec, 2025	849,073	844,327	17,790.29%	$58,942,648.00

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