Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionAdvisorNet Financial, Inc
Latest Disclosed Ownership20,211 shares
Latest Disclosed Value $ 1,402,846
AdvisorNet Financial, Inc reports 1.28% increase in ownership of BKH / Black Hills Corporation

On April 17, 2026 - AdvisorNet Financial, Inc filed a 13F-HR form disclosing ownership of 20,211 shares of Black Hills Corporation (US:BKH) valued at $1,402,846 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 19,955 shares of Black Hills Corporation. This represents a change in shares of 1.28% during the quarter. The current value of the position is $1,470,957 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-17 2026-03-31 13F BLACK HILLS CORP COM Stock 092113109 20,211 256 1.28 1,403 1.23 0.0726
2026-01-20 2025-12-31 13F BLACK HILLS CORP COM Stock 092113109 19,955 20 0.10 1,385 12.88 0.0738
2025-10-09 2025-09-30 13F BLACK HILLS CORP COM Stock 092113109 19,935 -790 -3.81 1,228 5.59 0.0695
2025-07-14 2025-06-30 13F BLACK HILLS CORP COM Stock 092113109 20,725 -1,024 -4.71 1,163 -11.90 0.0749
2025-04-07 2025-03-31 13F BLACK HILLS CORP COM Stock 092113109 21,749 234 1.09 1,319 4.77 0.0979
2025-01-13 2024-12-31 13F BLACK HILLS CORP COM Stock 092113109 21,515 -921 -4.11 1,259 -8.17 0.1054
2024-10-15 2024-09-30 13F BLACK HILLS CORP COM Stock 092113109 22,436 301 1.36 1,371 13.97 0.1024
2024-07-16 2024-06-30 13F BLACK HILLS CORP COM Stock 092113109 22,135 -768 -3.35 1,204 -3.76 0.1093
2024-04-12 2024-03-31 13F BLACK HILLS CORP COM Stock 092113109 22,903 -1,340 -5.53 1,250 -4.36 0.1202
2024-01-19 2023-12-31 13F BLACK HILLS CORP COM Stock 092113109 24,243 1,625 7.18 1,308 14.25 0.1206
2023-10-12 2023-09-30 13F BLACK HILLS CORP COM Stock 092113109 22,618 -2,513 -10.00 1,144 -24.44 0.1039
2023-07-14 2023-06-30 13F BLACK HILLS CORP COM Stock 092113109 25,131 -850 -3.27 1,514 -7.63 0.1296
2023-04-28 2023-03-31 13F BLACK HILLS CORP COM Stock 092113109 25,981 -1,561 -5.67 1,639 -15.38 0.1499
2023-01-13 2022-12-31 13F BLACK HILLS CORP COM Stock 092113109 27,542 1,377 5.26 1,937 9.31 0.1906
2022-10-04 2022-09-30 13F BLACK HILLS CORP COM Stock 092113109 26,165 1,043 4.15 1,772 -3.06 0.1769
2022-07-07 2022-06-30 13F BLACK HILLS CORP COM Stock 092113109 25,122 816 3.36 1,828 -2.35 0.1795
2022-04-14 2022-03-31 13F BLACK HILLS CORP COM Stock 092113109 24,306 206 0.85 1,872 10.05 0.1178
2022-01-19 2021-12-31 13F BLACK HILLS CORP COM Stock 092113109 24,100 60 0.25 1,701 12.72 0.1048
2021-10-15 2021-09-30 13F BLACK HILLS CORP COM Stock 092113109 24,040 -331 -1.36 1,509 -5.63 0.1050
2021-07-06 2021-06-30 13F BLACK HILLS CORP COM Stock 092113109 24,371 1,076 4.62 1,599 2.83 0.1060
2021-04-14 2021-03-31 13F BLACK HILLS CORP COM Stock 092113109 23,295 8,050 52.80 1,555 65.96 0.1107
2021-02-04 2020-12-31 13F BLACK HILLS CORP COM Stock 092113109 15,245 875 6.09 937 21.85 0.0756
2020-11-06 2020-09-30 13F BLACK HILLS CORP COM Stock 092113109 14,370 6,301 78.09 769 68.27 0.0659
2020-08-26 2020-06-30 13F BLACK HILLS CORP COM Stock 092113109 8,069 329 4.25 457 -7.86 0.0368
2020-05-14 2020-03-31 13F BLACK HILLS CORP COM Stock 092113109 7,740 4,440 134.55 496 91.51 0.0458
2020-02-12 2019-12-31 13F BLACK HILLS CORP COM Stock 092113109 3,300 -2,554 -43.63 259 -42.32 0.0220
2019-10-23 2019-09-30 13F BLACK HILLS CORP COM Stock 092113109 5,854 3,254 125.15 449 121.18 0.0413
2019-07-15 2019-06-30 13F BLACK HILLS CORP COM Stock 092113109 2,600 2,000 333.33 203 361.36 0.0225
2019-05-14 2019-03-31 13F BLACK HILLS CORP COM Stock 092113109 600 600 44 0.0054
2018-11-14 2018-09-30 13F BLACK HILLS CORP COM Stock 092113109 0 -14 -100.00 0 -100.00
2018-07-26 2018-06-30 13F BLACK HILLS CORP COM Stock 092113109 14 14 1 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.