Black Hills Ownership | Who Owns Black Hills?


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Black Hills Ownership Summary


Black Hills is owned by 102.86% institutional investors, 0.49% insiders. Blackrock funding, inc. /de is the largest institutional shareholder, holding 16.55% of BKH shares. iShares Core S&P Mid-Cap ETF is the top mutual fund, with 3.43% of its assets in Black Hills shares.

BKH Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockBlack Hills102.86%0.49%-3.35%
SectorUtilities Stocks137.25%7.99%-45.24%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Blackrock funding, inc. /de12.48M16.55%$928.67M
Blackrock10.85M15.91%$590.09M
Vanguard group8.97M11.93%$622.98M
State street3.82M5.07%$284.17M
Vanguard capital management3.43M4.55%$255.08M
Macquarie management2.50M3.31%$185.77M
Aqr capital management2.23M2.96%$166.06M
Point72 asset management2.16M2.87%$160.79M
Geode capital management2.13M2.83%$158.61M
Franklin resources1.96M2.60%$146.06M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Covalis capital llp1.48M6.22%$110.22M
Paradiem219.41K3.52%$16.32M
Martin capital partners123.10K3.37%$9.16M
Lesa sroufe48.25K2.56%$3.59M
Insight folios106.05K2.37%$5.77M
Hunter perkins capital management140.21K2.34%$10.43M
Barnett & company25.60K1.41%$1.90M
Engineers gate manager lp1.44M1.39%$107.29M
Phocas financial113.88K1.18%$8.47M
Old republic416.00K1.16%$30.96M

Top Buyers

HolderShares% AssetsChange
Sixth street partners management company1.21M0.01%1.21M
Ci private wealth798.60K0.01%750.36K
Aqr capital management2.23M0.06%636.41K
Merewether investment management, lp455.33K0.64%455.33K
Franklin resources1.96M0.03%386.82K

Top Sellers

HolderShares% AssetsChange
Adage capital partners gp1.19M0.12%-884.80K
Two sigma investments, lp1.66M0.09%-552.83K
Massachusetts financial services co /ma/---551.98K
Zimmer partners, lp193.53K0.33%-547.50K
Capital research global investors1.83M0.02%-449.96K

New Positions

HolderShares% AssetsChangeValue
Sixth street partners management company1.21M0.01%1.21M$90.31M
Merewether investment management, lp455.33K0.64%455.33K$33.88M
Invenomic capital management lp318.36K0.95%318.36K$19.61M
Eventide asset management230.35K0.23%230.35K$17.16M
Ceredex value advisors135.30K0.28%135.30K$10.07M

Sold Out

HolderChange
Curio wealth-1.00
Toronto dominion bank-1.00
Financial gravity asset management-4.00
Vermillion wealth management-4.00
Wealthtrak capital management-5.00

Institutional Ownership Trends


DateHoldingsChange %SharesChange %OwnershipChange %Increased PositionChange %Decreased PositionChange %
Mar 31, 2026464-0.85%75,091,0473.53%1021.04%241-4.37%134-2.19%
Dec 31, 2025266-38.57%25,946,813-60.37%340.42%141-37.61%75-42.75%
Sep 30, 2025209-49.02%17,388,038-70.54%240.36%97-56.50%65-47.15%
Jun 30, 2025415-0.48%61,304,4410.14%841.16%2242.28%126-2.33%
Mar 31, 202511-97.27%1,278,391-97.90%10.02%6-97.10%3-97.58%

Top Mutual Funds Shareholders


HolderShares% HoldingChange
iShares Core S&P Mid-Cap ETF2.61M3.43%80.00
Vanguard Total Stock Mkt Idx Inv2.42M3.17%13.12K
Vanguard Morn Total Stk Mkt Idx Investor2.42M3.17%13.12K
Vanguard US Total Market Shares ETF2.23M3.11%83.42K
iShares Russell 2000 ETF1.99M2.60%-35.33K
American Funds SMALLCAP World A1.78M2.34%-217.81K
Vanguard Small Cap Index1.75M2.29%8.72K
iShares Select Dividend ETF1.45M1.91%-
Delaware Small Cap Core I1.03M1.47%-6.36K
Vanguard Small Cap Value Index Inv1.11M1.46%-10.35K

Recent Insider Transactions


DateNameRoleActivityValue
May 27, 2026Otto Robert P-Sell$304.97K
Nov 10, 2025Nooney Kimberly F SVP & CFOSell$1.03M
May 30, 2024Roberts Rebecca B-Sell$10.96K
May 30, 2024Roberts Rebecca B-Sell$1.37K
May 30, 2024Roberts Rebecca B-Sell$43.86K

Insider Transactions Trends


DateBuySell
2026 Q2-1
2026 Q1--
2025 Q4-1
2025 Q3--
2025 Q2--

BKH Ownership FAQ


Who owns the most shares of Black Hills?

Black Hills’s largest shareholders are Blackrock funding, inc. /de (12.48M shares, 16.55%), Blackrock (10.85M shares, 15.91%), and Vanguard group (8.97M shares, 11.93%). Together, they hold 44.40% of Black Hills’s total shares outstanding.

Does Blackrock own Black Hills?

Yes, BlackRock owns 15.91% of Black Hills, totaling 10.85M shares as of Jun 2024. This represents 0.01% of BlackRock's total assets, with a market value of 590.09M$. In the last quarter, BlackRock increased its holdings by 379.87K shares, a 3.63% change.

Who is Black Hills’s biggest shareholder by percentage of total assets invested?

Covalis capital llp is Black Hills’s biggest shareholder by percentage of total assets invested, with 6.22% of its assets in 1.48M Black Hills shares, valued at 110.22M$.

Who is the top mutual fund holder of Black Hills shares?

iShares Core S&P Mid-Cap ETF is the top mutual fund holder of Black Hills shares, with 3.43% of its total shares outstanding invested in 2.61M Black Hills shares.

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