Security Snapshot

BLACK HILLS CORP /SD/ - COMMON STOCK (BKH) Institutional Ownership

CUSIP: 092113109

13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026

Latest Period

Q1 2026

Institutions Reporting

466

Shares (Excl. Options)

76,275,151

Price

$69.41

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Type / Class
Equity / COMMON STOCK
Symbol
BKH on NYSE
Shares outstanding
75,465,750
Price per share
$76.07
All holders as of 31 Mar 2026
Q1 2026
Total 13F shares
76,275,151
Total reported value
$5,292,632,905
% of total 13F portfolios
0.01%
Share change
+4,454,335
Value change
+$309,029,020
Number of holders
466
Price from insider filings
$76.07
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Key facts

  • BKH - BLACK HILLS CORP /SD/ - COMMON STOCK is tracked under CUSIP 092113109.
  • 466 institutions reported positions in Q1 2026.
  • 4 significant owners is listed from Schedule 13D/13G reporting.

Change

  • Holder count moved from 455 to 466 between Q4 2025 and Q1 2026.
  • Reported value moved from $5,018,865,694 to $5,292,632,905.

Research use

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Evidence

Source: SEC Form 13F

Latest holder context comes from 466 institutions filings for Q1 2026.

Open SEC Evidence

Security key

092113109

Latest holder period

Q1 2026

13F holders

466

13D/G owners

4

CIK / CUSIP context first

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% $633,771,380 -$58,900,844 10,522,520 -8.5% BlackRock, Inc. 31 Mar 2025
VANGUARD PORTFOLIO MANAGEMENT LLC 6.7% $351,849,285 5,069,144 Vanguard Portfolio Management 31 Mar 2026
VANGUARD CAPITAL MANAGEMENT LLC 5.2% $275,862,549 3,974,392 Vanguard Capital Management 31 Mar 2026
STATE STREET CORP 4.8% $267,329,873 3,622,356 STATE STREET CORPORATION 31 Mar 2026

As of 31 Mar 2026, 466 institutional investors reported holding 76,275,151 shares of BLACK HILLS CORP /SD/ - COMMON STOCK (BKH). This represents 101% of the company’s total 75,465,750 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of BLACK HILLS CORP /SD/ - COMMON STOCK (BKH) together control 73% 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% 12,129,658 -0.07% 0.01% $841,919,583
VANGUARD PORTFOLIO MANAGEMENT LLC 6.7% 5,039,870 0% 0.02% $349,817,377
STATE STREET CORP 4.8% 3,620,556 -4.2% 0.01% $251,302,792
VANGUARD CAPITAL MANAGEMENT LLC 4.5% 3,369,588 0% 0.01% $233,883,103
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 3.6% 2,679,192 +0.91% 0.32% $185,963,000
Capital Research Global Investors 3% 2,275,922 0% 0.02% $157,971,746
TWO SIGMA INVESTMENTS, LP 2.9% 2,216,003 +88% 0.13% $153,812,768
ADAGE CAPITAL PARTNERS GP, L.L.C. 2.7% 2,069,827 +30% 0.22% $143,666,692
GEODE CAPITAL MANAGEMENT, LLC 2.6% 1,994,815 +5.3% 0.01% $138,492,113
Point72 Asset Management, L.P. 2.6% 1,943,215 +3.6% 0.23% $134,878,553
Covalis Capital LLP 2.3% 1,752,846 -15% 7.5% $121,665,041
AQR CAPITAL MANAGEMENT LLC 2.1% 1,595,595 +12% 0.05% $109,378,047
GOLDMAN SACHS GROUP INC 2.1% 1,584,525 +64% 0.01% $109,981,850
FRANKLIN RESOURCES INC 2.1% 1,576,371 +89% 0.03% $109,415,911
COHEN & STEERS, INC. 1.7% 1,268,274 -8.5% 0.15% $88,031,000
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.6% 1,216,351 +2.1% 0.01% $84,426,923
DIMENSIONAL FUND ADVISORS LP 1.5% 1,141,272 +1.6% 0.02% $79,215,137
Engineers Gate Manager LP 1.4% 1,062,853 +25% 0.92% $73,772,627
Invesco Ltd. 1.4% 1,060,663 +74% 0.01% $73,620,596
Nuveen, LLC 1.3% 973,246 -21% 0.02% $67,553,004
NORTHERN TRUST CORP 1.3% 944,294 +2.8% 0.01% $65,543,446
CITADEL ADVISORS LLC 1.2% 903,014 +797% 0.04% $62,678,202
BANK OF AMERICA CORP /DE/ 1.2% 899,963 +109% 0% $62,466,452
MORGAN STANLEY 1.1% 820,845 +45% 0% $56,974,896
Bank of New York Mellon Corp 1% 784,251 -0.69% 0.01% $54,434,873

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
2026 Q1 76,275,151 $5,292,632,905 +$309,029,020 $69.41 466
2025 Q4 72,294,964 $5,018,865,694 +$305,824,527 $69.42 455
2025 Q3 65,462,774 $4,031,839,521 +$283,173,373 $61.59 426
2025 Q2 61,032,595 $3,423,946,361 -$12,756,550 $56.10 410
2025 Q1 61,262,004 $3,715,181,285 +$55,130,573 $60.65 411
2024 Q4 60,714,508 $3,552,998,477 +$23,135,588 $58.52 394
2024 Q3 60,456,790 $3,694,269,237 +$77,787,380 $61.12 388
2024 Q2 59,069,102 $3,212,176,545 -$22,991,983 $54.38 371
2024 Q1 59,413,073 $3,244,059,121 +$12,499,751 $54.60 390
2023 Q4 59,095,030 $3,188,134,694 +$54,721,615 $53.95 362
2023 Q3 58,103,513 $2,939,565,325 -$7,121,759 $50.59 340
2023 Q2 58,143,765 $3,504,000,284 +$30,403,781 $60.26 327
2023 Q1 57,596,582 $3,634,232,965 -$94,872,947 $63.10 326
2022 Q4 59,234,402 $4,162,544,070 +$67,397,051 $70.34 319
2022 Q3 58,001,602 $3,928,885,125 +$49,932,408 $67.73 316
2022 Q2 56,713,521 $4,127,121,695 -$5,479,975 $72.77 336
2022 Q1 57,346,885 $4,410,417,341 +$115,876,348 $77.02 319
2021 Q4 55,414,358 $3,909,751,043 +$11,748,206 $70.57 315
2021 Q3 55,116,014 $3,460,200,686 -$17,532,424 $62.76 286
2021 Q2 55,449,007 $3,640,618,026 +$67,285,116 $65.63 279
2021 Q1 54,441,787 $3,635,446,760 +$16,806,764 $66.77 289
2020 Q4 54,114,963 $3,325,272,693 +$37,409,904 $61.45 285
2020 Q3 53,538,910 $2,865,423,396 -$17,749,838 $53.49 282
2020 Q2 53,814,533 $3,055,624,490 +$401,508 $56.66 288
2020 Q1 53,828,549 $3,445,546,807 +$51,768,948 $64.03 290
2019 Q4 52,899,671 $4,154,346,257 -$6,935,233 $78.54 302
2019 Q3 53,160,963 $4,078,793,032 -$52,896,737 $76.73 304
2019 Q2 53,833,294 $4,207,471,388 +$148,997,558 $78.17 303
2019 Q1 52,593,728 $3,895,413,674 +$11,325,083 $74.07 296
2018 Q4 52,571,982 $3,300,385,066 +$9,740,259 $62.78 287
2018 Q3 52,450,043 $3,047,170,394 -$61,037,061 $58.09 266
2018 Q2 53,436,012 $3,270,768,976 +$55,962,179 $61.21 268
2018 Q1 52,820,634 $2,868,091,182 +$13,639,358 $54.30 256
2017 Q4 52,414,449 $3,149,950,191 +$54,979,810 $60.11 252
2017 Q3 50,795,243 $3,498,159,250 +$57,988,184 $68.87 244
2017 Q2 50,077,042 $3,378,833,159 +$34,587,044 $67.47 242
2017 Q1 50,530,123 $3,358,556,146 +$691,636,685 $66.47 239
2016 Q4 48,346,413 $2,965,524,224 +$16,024,275 $61.34 237
2016 Q3 47,801,126 $2,926,266,222 +$116,773,917 $61.22 239
2016 Q2 46,390,757 $2,924,250,920 +$10,476,079 $63.04 251
2016 Q1 46,192,620 $2,777,814,604 +$154,040,768 $60.13 244
2015 Q4 43,886,839 $2,037,704,906 +$452,835,364 $46.43 221
2015 Q3 34,218,204 $1,415,901,952 +$41,275,475 $41.34 213
2015 Q2 33,245,864 $1,451,166,855 +$11,963,267 $43.65 201
2015 Q1 32,924,095 $1,660,792,332 +$2,486,920 $50.44 207
2014 Q4 32,690,534 $1,733,719,342 +$32,352,389 $53.04 207
2014 Q3 32,923,035 $1,576,363,763 +$22,104,057 $47.88 211
2014 Q2 32,395,105 $1,987,781,346 +$30,678,459 $61.39 213
2014 Q1 31,930,191 $1,840,684,710 +$43,416,520 $57.65 216
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