BKH
Black Hills Corporation · Utilities · Regulated Gas
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow +9.3% ·
net new positions +20.0%
· formula
Broad accumulation: rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 32.02K | $2.08M | n/a | −1 |
| Q2 2026 | 115 | 0 | 56.21M | $4.18B | +4 | −6 |
| Q1 2026 | 120 | -5 | 56.41M | $3.91B | +5 | −10 |
| Q4 2025 | 124 | -1 | 57.19M | $3.97B | +1 | −2 |
| Q3 2025 | 20 | +2 | 32.82M | $2.02B | +3 | −1 |
| Q2 2025 | 15 | 0 | 28.35M | $1.59B | +2 | −2 |
| Q1 2025 | 12 | +3 | 7.85M | $475.79M | +4 | −1 |
| Q4 2024 | 9 | -2 | 7.18M | $419.97M | n/a | −2 |
| Q3 2024 | 10 | -1 | 3.27M | $199.87M | +1 | −2 |
| Q2 2024 | 11 | n/a | 3.66M | $198.99M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 3.81M | -1.1% | $231.11M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 1.79M | +5.1% | $108.32M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 3 | AQR Capital Management ✦ | 888.41K | +1.6% | $53.83M | 0.1% | ▲ Add | 4 | SEC ↗ ×4 |
| 4 | Millennium Management ✦ | 579.80K | +25.1% | $35.16M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 5 | GAMCO Investors ✦ | 192.92K | +0.8% | $11.70M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 6 | Two Sigma Investments ✦ | 151.55K | +592.4% | $9.19M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | Wellington Management ✦ | 131.17K | New | $7.96M | 0.0% | New | 1 | SEC ↗ ×3 |
| 8 | Arrowstreet Capital ✦ | 109.95K | New | $6.67M | 0.0% | New | 1 | SEC ↗ |
| 9 | T. Rowe Price ✦ | 59.66K | +11.4% | $3.62M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 10 | Renaissance Technologies ✦ | 58.80K | New | $3.57M | 0.0% | New | 1 | SEC ↗ |
| 11 | Marshall Wace ✦ | 45.06K | New | $2.73M | 0.0% | New | 1 | SEC ↗ ×2 |
| 12 | Citadel Advisors ✦ | 32.02K | +252.3% | $1.94M | 0.0% | ▲ Add | 4 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Wellington Management | $7.96M | 0.0% |
| Arrowstreet Capital | $6.67M | 0.0% |
| Renaissance Technologies | $3.57M | 0.0% |
| Marshall Wace | $2.73M | 0.0% |
Exited
| Gotham Asset Management | $592,691 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 468 holders, 76.09M shares, $5.09B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.