$BKH

$81.75 +$1.55 (1.93%) Close

$BKH Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 76.3M shares outstanding

Who owns BKH?

By type of holder

Institutions 100.0% Insiders 0.0% Everyone else 0.0%

Concentration Top 10 holders own 49.0%

BlackRock, Inc. 16.4% · Vanguard Portfolio Management LLC 6.7%

Institutional ownership

100.0%

0 pts vs last qtr

Institutional holders

474

-2 vs last qtr

Net shares bought

+1.7M

by institutions in Q2 2026

New / sold out

58 / 60

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Aqr Capital Management LLC +636.4K
Merewether Investment Management, LP NEW +455.3K

Biggest sellers in Q2 2026

Adage Capital Partners GP, L.L.C. −884.8K
Two Sigma Investments, LP −552.8K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Black Hills Corp in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+37.4%

+3.59% a year

Each share's claim on the business

−27.2%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $96.1M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years68% 3–5 years8% 1–3 years7% Under 1 year16%

Quarterly turnover

8.8%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting BKH on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	12.5M	16.37%	+352.5K (+2.9%)	≤2021	0.0%
Shares held by quarter Peak holding12.5M (Q2'26) Change over 8 quarters+1.4M Share of the company16.370% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	5.1M	6.74%	+101.2K (+2.0%)	≤2021	0.0%
Shares held by quarter Peak holding5.1M (Q2'26) Change over 8 quarters+5.1M Share of the company6.740% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

12.5M

% of company

16.37%

Change vs last qtr

+352.5K (+2.9%)

Held since

≤2021

Vanguard Portfolio Management LLC

5.1M

% of company

6.74%

Change vs last qtr

+101.2K (+2.0%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Black Hills Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting BKH on Form N-PORT; together they hold 48.8% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Mid-Cap ETF iShares Trust	$194M	2.6M	3.42%	0.16%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$180M	2.4M	3.17%	0.01%	June 30, 2026

iShares Core S&P Mid-Cap ETF

iShares Trust

Position value

$194M

% of company

3.42%

% of the fund

0.16%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$180M

% of company

3.17%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Black Hills Corp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
EL Evans Linden R Insider	177.2K	0.23%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.230% Evans Linden R's insider activity →
NK Nooney Kimberly F Insider	38.7K	0.05%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.050% Nooney Kimberly F's insider activity →

Evans Linden R

Insider

177.2K

% of company

0.23%

Change vs last qtr

—

Held since

—

Nooney Kimberly F

Insider

38.7K

% of company

0.05%

Change vs last qtr

—

Held since

—

17 more holders behind a free account

See every insider and 5%+ holder of Black Hills Corp.

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