Black Hills Ownership | Who Owns Black Hills?
Black Hills Ownership Summary
Black Hills is owned by 24.02% institutional investors, 0.49% insiders, and 75.50% retail investors. Blackrock is the largest institutional shareholder, holding 15.91% of BKH shares. iShares Core S&P Mid-Cap ETF is the top mutual fund, with 3.24% of its assets in Black Hills shares.
BKH Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | Black Hills | 24.02% | 0.49% | 75.50% |
| Sector | Utilities Stocks | 39.62% | 7.97% | 52.41% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Blackrock | 10.85M | 15.91% | $590.09M |
| Blackrock funding, inc. /de | 11.34M | 15.66% | $698.19M |
| Vanguard group | 8.99M | 12.42% | $553.75M |
| State street | 3.84M | 5.30% | $236.32M |
| Macquarie group | 2.22M | 3.07% | $137.03M |
| Geode capital management | 1.84M | 2.54% | $113.30M |
| Capital research global investors | 1.64M | 2.27% | $101.08M |
| Fuller & thaler asset management | 1.33M | 1.83% | $81.67M |
| Nuveen | 1.27M | 1.75% | $78.22M |
| Charles schwab investment management | 1.20M | 1.66% | $73.95M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| Paradiem | 234.83K | 3.37% | $14.46M |
| Martin capital partners | 124.49K | 2.97% | $7.67M |
| Insight folios | 106.05K | 2.37% | $5.77M |
| Lesa sroufe | 45.83K | 2.28% | $2.82M |
| Hunter perkins capital management | 152.54K | 2.08% | $9.39M |
| Benson investment management company | 78.67K | 1.66% | $4.84M |
| Zimmer partners, lp | 1.10M | 1.46% | $67.75M |
| Phocas financial | 174.66K | 1.39% | $10.76M |
| Barnett & company | 28.40K | 1.35% | $1.75M |
| Riverwater partners | 41.58K | 1.06% | $2.56M |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Cohen & steers | 1.18M | 0.13% | 1.18M |
| Zimmer partners, lp | 1.10M | 1.46% | 1.05M |
| Jane street group | 925.75K | 0.01% | 823.61K |
| Adage capital partners gp | 575.00K | 0.06% | 475.00K |
| Blackrock | 10.85M | 0.01% | 379.87K |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Massachusetts financial services co /ma/ | - | - | -551.98K |
| Qube research | 17.27K | 0.00% | -502.07K |
| Franklin resources | 589.26K | 0.01% | -455.90K |
| Cubist systematic strategies | 65.92K | 0.02% | -271.84K |
| Sg americas securities | 3.60K | 0.00% | -258.41K |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Cohen & steers | 1.18M | 0.13% | 1.18M | $72.47M |
| Invenomic capital management lp | 318.36K | 0.95% | 318.36K | $19.61M |
| Freestone grove partners lp | 148.41K | 0.07% | 148.41K | $9.14M |
| Brinker capital investments | 39.50K | 0.02% | 39.50K | $2.43M |
| Polaris capital management | 36.40K | 0.15% | 36.40K | $2.24M |
Sold Out
| Holder | Change |
|---|---|
| Financial gravity asset management | -4.00 |
| Wealthtrak capital management | -5.00 |
| Headlands | -6.00 |
| Global financial private client | -9.00 |
| Voisard asset management group | -12.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2025 | 209 | -49.02% | 17,388,038 | -70.54% | 24 | 0.36% | 97 | -56.50% | 65 | -47.15% |
| Jun 30, 2025 | 415 | -0.48% | 61,304,441 | 0.14% | 84 | 1.16% | 224 | 2.28% | 126 | -2.33% |
| Mar 31, 2025 | 11 | -97.27% | 1,278,391 | -97.90% | 1 | 0.02% | 6 | -97.10% | 3 | -97.58% |
| Dec 31, 2024 | 394 | - | 60,557,029 | 0.45% | 86 | 1.19% | 199 | -2.45% | 124 | 1.64% |
| Sep 30, 2024 | 389 | 3.46% | 60,195,433 | 1.85% | 85 | 1.16% | 202 | 1.51% | 121 | 5.22% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2.36M | 3.24% | - |
| Vanguard US Total Market Shares ETF | 2.23M | 3.11% | 83.42K |
| Vanguard Total Stock Mkt Idx Inv | 2.25M | 3.09% | -47.56K |
| iShares Russell 2000 ETF | 1.76M | 2.42% | - |
| Vanguard Small Cap Index | 1.76M | 2.42% | -10.91K |
| iShares Select Dividend ETF | 1.47M | 2.01% | - |
| American Funds SMALLCAP World A | 1.44M | 1.99% | -181.78K |
| FullerThaler Behavioral Small-Cap Value | 1.17M | 1.61% | -580.00 |
| Vanguard Small Cap Value Index Inv | 1.13M | 1.56% | 3.57K |
| Undiscovered Managers Behavioral Val L | 1.12M | 1.54% | -2.31K |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Nov 10, 2025 | Nooney Kimberly F | SVP & CFO | Sell | $1.03M |
| May 30, 2024 | Roberts Rebecca B | - | Sell | $10.96K |
| May 30, 2024 | Roberts Rebecca B | - | Sell | $43.86K |
| May 30, 2024 | Roberts Rebecca B | - | Sell | $1.37K |
| May 30, 2024 | Roberts Rebecca B | - | Sell | $31.88K |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2025 Q4 | - | 1 |
| 2025 Q3 | - | - |
| 2025 Q2 | - | - |
| 2025 Q1 | - | - |
| 2024 Q4 | - | - |
BKH Ownership FAQ
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