Black Hills Ownership | Who Owns Black Hills?
Black Hills Ownership Summary
Black Hills is owned by 34.50% institutional investors, 0.51% insiders, and 64.99% retail investors. Blackrock funding, inc. /de is the largest institutional shareholder, holding 16.14% 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 | 34.50% | 0.51% | 64.99% |
| Sector | Utilities Stocks | 35.28% | 8.46% | 56.27% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Blackrock funding, inc. /de | 12.14M | 16.14% | $842.64M |
| Blackrock | 10.85M | 15.91% | $590.09M |
| Vanguard group | 8.97M | 11.93% | $622.98M |
| State street | 3.84M | 5.30% | $236.32M |
| Macquarie group | 2.22M | 3.07% | $137.03M |
| Capital research global investors | 2.28M | 3.03% | $157.99M |
| Geode capital management | 1.89M | 2.52% | $131.55M |
| Cohen & steers | 1.39M | 1.90% | $96.20M |
| Charles schwab investment management | 1.20M | 1.66% | $73.95M |
| Nuveen | 1.23M | 1.64% | $85.40M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| Paradiem | 234.69K | 3.90% | $16.29M |
| Martin capital partners | 123.49K | 3.23% | $8.57M |
| Lesa sroufe | 46.26K | 2.39% | $3.21M |
| Insight folios | 106.05K | 2.37% | $5.77M |
| Hunter perkins capital management | 140.51K | 2.26% | $9.75M |
| Benson investment management company | 79.56K | 1.93% | $5.52M |
| Barnett & company | 28.70K | 1.60% | $1.99M |
| Zimmer partners, lp | 1.10M | 1.46% | $67.75M |
| Phocas financial | 154.04K | 1.39% | $10.69M |
| Longboard asset management, lp | 3.14K | 1.39% | $217.98K |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Zimmer partners, lp | 1.10M | 1.46% | 1.05M |
| Blackrock funding, inc. /de | 12.14M | 0.01% | 802.22K |
| Capital research global investors | 2.28M | 0.03% | 634.80K |
| Adage capital partners gp | 575.00K | 0.06% | 475.00K |
| Blackrock | 10.85M | 0.01% | 379.87K |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Jane street group | 240.55K | 0.00% | -685.20K |
| Massachusetts financial services co /ma/ | - | - | -551.98K |
| Fuller & thaler asset management | 800.46K | 0.19% | -525.51K |
| Qube research | 17.27K | 0.00% | -502.07K |
| Cubist systematic strategies | 65.92K | 0.02% | -271.84K |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Invenomic capital management lp | 318.36K | 0.95% | 318.36K | $19.61M |
| Freestone grove partners lp | 148.41K | 0.07% | 148.41K | $9.14M |
| Bw gestao de investimentos ltda. | 86.22K | 0.14% | 86.22K | $5.99M |
| Btg pactual asset management us | 34.01K | 0.10% | 34.01K | $2.09M |
| Capital fund management | 32.10K | 0.01% | 32.10K | $1.98M |
Sold Out
| Holder | Change |
|---|---|
| Financial gravity asset management | -4.00 |
| Wealthtrak capital management | -5.00 |
| Headlands | -6.00 |
| Global financial private client | -9.00 |
| Southstate | -10.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 266 | -38.57% | 25,946,813 | -60.37% | 34 | 0.42% | 141 | -37.61% | 75 | -42.75% |
| 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% |
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 |
|---|---|---|
| 2026 Q1 | - | - |
| 2025 Q4 | - | 1 |
| 2025 Q3 | - | - |
| 2025 Q2 | - | - |
| 2025 Q1 | - | - |
BKH Ownership FAQ
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