Security record · archived quarter
BKH
Black Hills Corporation · Utilities · Regulated Gas
124Tracked holders
-1Δ holders
57.19MShares held
$3.97BReported value
+1New positions
−2Exits
Momentum inputs (comparable managers):
holder breadth -0.8% ·
share flow +5.8% ·
net new positions -0.8%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
Ownership over time
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 116 | 0 | 56.60M | $4.21B | +4 | −5 |
| 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 | — | −2 |
| Q3 2024 | 10 | -1 | 3.27M | $199.87M | +1 | −2 |
| Q2 2024 | 11 | — | 3.66M | $198.99M | — | — |
Who holds it · Q4 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 12.14M | +7.1% | $842.64M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 19 | The Vanguard Group ✦ (passive) | 8.97M | -0.2% | $622.98M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 20 | The Vanguard Group ✦ (passive) | 8.97M | -0.2% | $622.98M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 21 | The Vanguard Group ✦ (passive) | 8.97M | -0.2% | $622.98M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 22 | The Vanguard Group ✦ (passive) | 8.97M | -0.2% | $622.98M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 23 | The Vanguard Group ✦ (passive) | 8.97M | -0.2% | $622.98M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 24 | State Street Global Advisors ✦ (passive) | 3.78M | -1.5% | $262.42M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 25 | Nomura Asset Management… | 2.66M | — | $184.31M | 0.3% | n/c | 1 | SEC ↗ |
| 26 | Nomura Asset Management… | 2.66M | — | $184.31M | 0.3% | n/c | 1 | SEC ↗ |
| 27 | Capital Research Global Investors | 2.28M | — | $157.99M | 0.0% | n/c | 1 | SEC ↗ |
| 28 | Geode Capital Management ✦ (passive) | 1.89M | +3.0% | $131.55M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 29 | Geode Capital Management ✦ (passive) | 1.89M | +3.0% | $131.55M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 30 | Point72 Asset Management ✦ | 1.88M | +12698.4% | $130.18M | 0.2% | ▲ Add | 2 | SEC ↗ |
| 31 | Adage Capital Partners ✦ | 1.59M | +176.9% | $110.52M | 0.2% | ▲ Add | 3 | SEC ↗ |
| 32 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 33 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 34 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 35 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 36 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 37 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 38 | AQR Capital Management ✦ | 1.42M | +3.2% | $98.46M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 39 | Nuveen, LLC | 1.23M | — | $85.40M | 0.0% | n/c | 1 | SEC ↗ |
| 40 | Nuveen, LLC | 1.23M | — | $85.40M | 0.0% | n/c | 1 | SEC ↗ |
| 41 | Nuveen, LLC | 1.23M | — | $85.40M | 0.0% | n/c | 1 | SEC ↗ |
| 42 | Charles Schwab Investment… | 1.19M | — | $82.72M | 0.0% | n/c | 1 | SEC ↗ |
| 43 | Two Sigma Investments ✦ | 1.18M | +123.9% | $81.70M | 0.1% | ▲ Add | 7 | SEC ↗ |
| 44 | Dimensional Fund Advisors Lp | 1.12M | — | $77.97M | 0.0% | n/c | 1 | SEC ↗ |
| 45 | Dimensional Fund Advisors Lp | 1.12M | — | $77.97M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Dimensional Fund Advisors Lp | 1.12M | — | $77.97M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | Dimensional Fund Advisors Lp | 1.12M | — | $77.97M | 0.0% | n/c | 1 | SEC ↗ |
| 48 | Dimensional Fund Advisors Lp | 1.12M | — | $77.97M | 0.0% | n/c | 1 | SEC ↗ |
| 49 | Goldman Sachs Group ✦ | 967.60K | +3.2% | $67.17M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 50 | Goldman Sachs Group ✦ | 967.60K | +3.2% | $67.17M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 51 | Goldman Sachs Group ✦ | 967.60K | +3.2% | $67.17M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 52 | Goldman Sachs Group ✦ | 967.60K | +3.2% | $67.17M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 53 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 54 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 55 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 56 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 57 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 58 | Northern Trust Corp | 918.83K | — | $63.78M | 0.0% | n/c | 1 | SEC ↗ |
| 59 | Franklin Resources Inc | 832.73K | — | $57.81M | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Franklin Resources Inc | 832.73K | — | $57.81M | 0.0% | n/c | 1 | SEC ↗ |
| 61 | Franklin Resources Inc | 832.73K | — | $57.81M | 0.0% | n/c | 1 | SEC ↗ |
| 62 | Franklin Resources Inc | 832.73K | — | $57.81M | 0.0% | n/c | 1 | SEC ↗ |
| 63 | Franklin Resources Inc | 832.73K | — | $57.81M | 0.0% | n/c | 1 | SEC ↗ |
| 64 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 65 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 66 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 67 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 68 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 69 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 70 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 71 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 72 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 73 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 75 | Bank of New York Mellon Corp | 789.68K | — | $54.82M | 0.0% | n/c | 1 | SEC ↗ |
| 76 | First Trust Advisors Lp | 728.94K | — | $50.60M | 0.0% | n/c | 1 | SEC ↗ |
| 77 | First Trust Advisors Lp | 728.94K | — | $50.60M | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Victory Capital Management Inc | 706.33K | — | $49.03M | 0.0% | n/c | 1 | SEC ↗ |
| 79 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 81 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 82 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 83 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 84 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 85 | Invesco Ltd. | 609.71K | — | $42.33M | 0.0% | n/c | 1 | SEC ↗ |
| 86 | ProShare Advisors LLC | 603.14K | — | $41.87M | 0.1% | n/c | 1 | SEC ↗ |
| 87 | Millennium Management ✦ | 574.94K | +384.2% | $39.91M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 88 | UBS Group AG | 572.23K | — | $39.72M | 0.0% | n/c | 1 | SEC ↗ |
| 89 | UBS Group AG | 572.23K | — | $39.72M | 0.0% | n/c | 1 | SEC ↗ |
| 90 | UBS Group AG | 572.23K | — | $39.72M | 0.0% | n/c | 1 | SEC ↗ |
| 91 | UBS Group AG | 572.23K | — | $39.72M | 0.0% | n/c | 1 | SEC ↗ |
| 92 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 93 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 94 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 95 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 96 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 97 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 98 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 99 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 100 | Morgan Stanley ✦ | 566.83K | -8.4% | $39.35M | 0.0% | ▼ Trim | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Renaissance Technologies | $14.32M | was 0.0% |
| Arrowstreet Capital | $4.02M | 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.
Frequently co-owned
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Provenance: Ownership from parsed 13F common-stock positions (tracked universe, comparable sets for changes); insider rows from Forms 3/4/5; stakes from Schedules 13D/13G; every filing links to its original on SEC EDGAR.
Reporting period: Q4 2025 ·
Methodology ·
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