Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionAllianz Asset Management GmbH
Latest Disclosed Ownership45,173 shares
Latest Disclosed Value $ 3,135,458
Allianz Asset Management GmbH reports 19.47% increase in ownership of BKH / Black Hills Corporation

On May 11, 2026 - Allianz Asset Management GmbH filed a 13F-HR form disclosing ownership of 45,173 shares of Black Hills Corporation (US:BKH) valued at $3,135,458 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 37,811 shares of Black Hills Corporation. This represents a change in shares of 19.47% during the quarter. The current value of the position is $3,287,691 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)
2026-05-11 2026-03-31 13F BLACK HILLS COM 092113109 45,173 7,362 19.47 3,135 19.47 0.0012
2026-02-11 2025-12-31 13F BLACK HILLS COM 092113109 37,811 -3,484 -8.44 2,625 3.19 0.0027
2025-11-04 2025-09-30 13F BLACK HILLS COM 092113109 41,295 -7,284 -14.99 2,543 -6.68 0.0028
2025-07-28 2025-06-30 13F BLACK HILLS COM 092113109 48,579 28,089 137.09 2,725 119.40 0.0033
2025-05-05 2025-03-31 13F BLACK HILLS COM 092113109 20,490 -2,066 -9.16 1,243 -5.84 0.0016
2025-02-03 2024-12-31 13F BLACK HILLS COM 092113109 22,556 22,556 1,320 0.0018
2024-11-13 2024-09-30 13F BLACK HILLS COM 092113109 0 -4,100 -100.00 0 -100.00
2024-08-13 2024-06-30 13F BLACK HILLS COM 092113109 4,100 0 0.00 223 -0.45 0.0003
2024-05-14 2024-03-31 13F BLACK HILLS COM 092113109 4,100 0 0.00 224 0.90 0.0003
2024-02-12 2023-12-31 13F BLACK HILLS COM 092113109 4,100 -4,100 -50.00 221 -46.62 0.0004
2023-11-13 2023-09-30 13F BLACK HILLS COM 092113109 8,200 0 0.00 415 -16.19 0.0007
2023-08-14 2023-06-30 13F BLACK HILLS COM 092113109 8,200 -12,000 -59.41 494 -61.22 0.0009
2023-05-11 2023-03-31 13F BLACK HILLS COM 092113109 20,200 20,200 1,275 0.0023
2022-08-12 2022-06-30 13F BLACK HILLS COM 092113109 0 -13,420 -100.00 0 -100.00
2022-05-13 2022-03-31 13F BLACK HILLS COM 092113109 13,420 151 1.14 1,034 10.47 0.0008
2022-02-11 2021-12-31 13F BLACK HILLS COM 092113109 13,269 -71 -0.53 936 11.83 0.0007
2021-11-10 2021-09-30 13F BLACK HILLS COM 092113109 13,340 787 6.27 837 1.58 0.0007
2021-08-16 2021-06-30 13F BLACK HILLS COM 092113109 12,553 6,368 102.96 824 99.52 0.0007
2021-05-13 2021-03-31 13F BLACK HILLS COM 092113109 6,185 -118,618 -95.04 413 -94.61 0.0004
2021-02-16 2020-12-31 13F BLACK HILLS COM 092113109 124,803 17,549 16.36 7,669 33.68 0.0076
2020-11-13 2020-09-30 13F BLACK HILLS COM 092113109 107,254 -6,424 -5.65 5,737 -10.93 0.0067
2020-08-14 2020-06-30 13F BLACK HILLS COM 092113109 113,678 -29,415 -20.56 6,441 -29.70 0.0074
2020-05-14 2020-03-31 13F BLACK HILLS COM 092113109 143,093 -53,537 -27.23 9,162 -40.68 0.0123
2020-02-13 2019-12-31 13F BLACK HILLS COM 092113109 196,630 -31,288 -13.73 15,444 -11.69 0.0141
2019-11-13 2019-09-30 13F BLACK HILLS COM 092113109 227,918 24,616 12.11 17,488 10.04 0.0172
2019-08-08 2019-06-30 13F BLACK HILLS COM 092113109 203,302 -6,980 -3.32 15,892 2.04 0.0148
2019-05-13 2019-03-31 13F BLACK HILLS COM 092113109 210,282 11,716 5.90 15,575 24.94 0.0154
2019-04-02 2018-12-31 13F/A-1 BLACK HILLS COM 092113109 198,566 -154,014 -43.68 12,466 -39.13 0.0137
2019-02-13 2018-12-31 13F BLACK HILLS COM 092113109 198,566 -154,014 12,466
2019-04-09 2018-09-30 13F/A-1 BLACK HILLS COM 092113109 352,580 -86,280 -19.66 20,481 -23.76 0.0186
2018-11-13 2018-09-30 13F BLACK HILLS COM 092113109 352,580 -86,280 20,481
2019-04-09 2018-06-30 13F/A-1 BLACK HILLS COM 092113109 438,860 200 0.05 26,863 12.78 0.0261
2018-08-13 2018-06-30 13F BLACK HILLS COM 092113109 438,860 200 26,863
2019-04-09 2018-03-31 13F/A-2 BLACK HILLS COM 092113109 438,660 47,400 12.11 23,819 1.28 0.0228
2018-05-23 2018-03-31 13F/A-1 BLACK HILLS COM 092113109 438,660 0 23,819 0.0227
2018-05-14 2018-03-31 13F BLACK HILLS COM 092113109 438,660 47,400 23,819
2019-04-17 2017-12-31 13F/A-1 BLACK HILLS COM 092113109 391,260 -19,900 -4.84 23,519 -16.94 0.0186
2018-02-13 2017-12-31 13F BLACK HILLS COM 092113109 391,260 -19,900 23,519
2019-04-17 2017-09-30 13F/A-1 BLACK HILLS COM 092113109 411,160 -5,840 -1.40 28,317 0.65 0.0246
2017-11-13 2017-09-30 13F BLACK HILLS COM 092113109 411,160 -5,840 28,317
2019-04-17 2017-06-30 13F/A-1 BLACK HILLS COM 092113109 417,000 -4,100 -0.97 28,135 0.51 0.0272
2017-08-14 2017-06-30 13F BLACK HILLS COM 092113109 417,000 -4,100 28,135
2019-04-17 2017-03-31 13F/A-1 BLACK HILLS COM 092113109 421,100 -2,500 -0.59 27,991 7.72 0.0275
2017-05-15 2017-03-31 13F BLACK HILLS COM 092113109 421,100 -2,500 27,991
2019-04-17 2016-12-31 13F/A-2 BLACK HILLS COM 092113109 423,600 -13,100 -3.00 25,984 -2.81 0.0234
2017-03-14 2016-12-31 13F/A-1 BLACK HILLS COM 092113109 423,600 0 25,984 0.0233
2017-02-13 2016-12-31 13F BLACK HILLS COM 092113109 423,600 25,984
2019-04-17 2016-09-30 13F/A-1 BLACK HILLS COM 092113109 436,700 -88,335 -16.82 26,735 -19.22 0.0262
2016-11-14 2016-09-30 13F BLACK HILLS COM 092113109 436,700 -88,335 26,735
2017-01-24 2016-06-30 13F/A-1 BLACK HILLS COM 092113109 525,035 -80,203 -13.25 33,098 -9.05 0.0354
2016-08-12 2016-06-30 13F BLACK HILLS COM 092113109 525,035 33,098
2016-05-13 2016-03-31 13F BLACK HILLS COM 092113109 605,238 -497,752 -45.13 36,393 -28.94 0.0416
2017-01-24 2015-12-31 13F/A-1 BLACK HILLS COM 092113109 1,102,990 -63,310 -5.43 51,211 6.21 0.0579
2016-02-16 2015-12-31 13F BLACK HILLS COM 092113109 1,102,990 51,211
2017-01-24 2015-09-30 13F/A-2 BLACK HILLS COM 092113109 1,166,300 1,166,300 0.00 48,215 0.00 0.0574
2015-11-20 2015-09-30 13F/A-1 BLACK HILLS COM 092113109 1,166,300 0 48,215 0.0502
2015-11-13 2015-09-30 13F BLACK HILLS COM 092113109 1,166,300 48,215
2017-01-24 2015-03-31 13F/A-1 BLACK HILLS COM 092113109 0 -13,730 -100.00 0 -100.00
2015-02-17 2014-12-31 13F BLACK HILLS COM 092113109 13,730 -5,280 -27.77 728 -20.00 0.0008
2014-11-14 2014-09-30 13F BLACK HILLS COM 092113109 19,010 -22,940 -54.68 910 -64.66 0.0011
2014-08-13 2014-06-30 13F BLACK HILLS COM 092113109 41,950 31,640 306.89 2,575 333.50 0.0032
2014-05-28 2014-03-31 13F/A-1 BLACK HILLS COM 092113109 10,310 10,310 594 0.0007
2014-05-14 2014-03-31 13F BLACK HILLS COM 092113109 10,310 594 0.0007
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.