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 16.62% of BKH shares. iShares Core S&P Mid-Cap ETF is the top mutual fund, with 3.35% of its assets in Black Hills shares.

BKH Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockBlack Hills102.86%0.49%-3.35%
SectorUtilities Stocks42.99%8.09%48.92%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Blackrock funding, inc. /de12.13M16.62%$841.92M
Blackrock10.85M15.91%$590.09M
Vanguard group8.97M11.93%$622.98M
State street3.62M4.96%$251.30M
Macquarie management2.68M3.67%$185.96M
Capital research global investors2.28M3.12%$157.97M
Two sigma investments, lp2.22M3.04%$153.81M
Adage capital partners gp2.07M2.84%$143.67M
Geode capital management1.99M2.73%$138.49M
Point72 asset management1.94M2.66%$134.88M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Covalis capital llp1.75M7.48%$121.67M
Paradiem224.87K3.44%$15.61M
Martin capital partners123.33K3.18%$8.56M
Insight folios106.05K2.37%$5.77M
Hunter perkins capital management140.71K2.29%$9.77M
Lesa sroufe46.83K2.21%$3.25M
Think investments lp237.50K2.16%$16.48M
Barnett & company29.20K1.58%$2.03M
Phocas financial119.83K1.31%$8.32M
Zimmer partners, lp741.03K1.24%$51.44M

Top Buyers

HolderShares% AssetsChange
Two sigma investments, lp2.22M0.12%1.04M
Citadel advisors903.01K0.01%802.35K
Franklin resources1.58M0.03%743.64K
Goldman sachs group1.58M0.01%616.92K
Pictet asset management sa593.54K0.04%582.52K

Top Sellers

HolderShares% AssetsChange
Massachusetts financial services co /ma/---551.98K
Millennium management36.51K0.00%-538.43K
Qube research17.27K0.00%-502.07K
Covalis capital llp1.75M7.48%-304.31K
Think investments lp237.50K2.16%-300.14K

New Positions

HolderShares% AssetsChangeValue
Vanguard fiduciary trust490.01K0.01%490.01K$34.01M
Invenomic capital management lp318.36K0.95%318.36K$19.61M
Resolution capital171.71K0.25%171.71K$11.92M
Tudor investment corp et al88.20K0.01%88.20K$6.12M
Vanguard asset management57.46K0.00%57.46K$3.99M

Sold Out

HolderChange
Toronto dominion bank-1.00
Financial gravity asset management-4.00
Wealthtrak capital management-5.00
S&t bank/pa-6.00
Headlands-6.00

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 ETF2.55M3.35%-1.28K
Vanguard Total Stock Mkt Idx Inv2.40M3.15%5.92K
Vanguard US Total Market Shares ETF2.23M3.11%83.42K
American Funds SMALLCAP World A2.00M2.62%-
iShares Russell 2000 ETF1.80M2.37%15.18K
Vanguard Small Cap Index1.74M2.29%-3.29K
iShares Select Dividend ETF1.46M1.92%-
Delaware Small Cap Core I1.03M1.47%-6.36K
Vanguard Small Cap Value Index Inv1.12M1.47%8.13K
Franklin US Small Cap Value Equity967.87K1.33%614.33K

Recent Insider Transactions


DateNameRoleActivityValue
Nov 10, 2025Nooney Kimberly F SVP & CFOSell$1.03M
May 30, 2024Roberts Rebecca B-Sell$10.96K
May 30, 2024Roberts Rebecca B-Sell$43.86K
May 30, 2024Roberts Rebecca B-Sell$1.37K
May 30, 2024Roberts Rebecca B-Sell$31.88K

Insider Transactions Trends


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

BKH Ownership FAQ


Who owns the most shares of Black Hills?

Black Hills’s largest shareholders are Blackrock funding, inc. /de (12.13M shares, 16.62%), Blackrock (10.85M shares, 15.91%), and Vanguard group (8.97M shares, 11.93%). Together, they hold 44.46% 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 7.48% of its assets in 1.75M Black Hills shares, valued at 121.67M$.

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 3.35% of its total shares outstanding invested in 2.55M Black Hills shares.

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