Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership1,141,272 shares
Latest Disclosed Value $ 79,215,137
Dimensional Fund Advisors Lp reports 1.61% increase in ownership of BKH / Black Hills Corporation

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 1,141,272 shares of Black Hills Corporation (US:BKH) valued at $79,215,690 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 1,123,163 shares of Black Hills Corporation. This represents a change in shares of 1.61% during the quarter. The current value of the position is $83,061,776 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)
2026-05-07 2026-03-31 13F BLACK HILLS COM 092113109 1,141,272 18,109 1.61 79,215 1.60 0.0035
2026-02-12 2025-12-31 13F BLACK HILLS COM 092113109 1,123,163 23,870 2.17 77,971 15.16 0.0164
2025-11-12 2025-09-30 13F BLACK HILLS COM 092113109 1,099,293 21,922 2.03 67,704 12.02 0.0145
2025-08-12 2025-06-30 13F BLACK HILLS COM 092113109 1,077,371 -4,555 -0.42 60,440 -7.89 0.0140
2025-05-13 2025-03-31 13F BLACK HILLS COM 092113109 1,081,926 44,304 4.27 65,617 8.06 0.0163
2025-02-13 2024-12-31 13F BLACK HILLS COM 092113109 1,037,622 37,487 3.75 60,721 -0.66 0.0146
2024-11-07 2024-09-30 13F BLACK HILLS COM 092113109 1,000,135 21,638 2.21 61,128 14.88 0.0148
2024-08-09 2024-06-30 13F BLACK HILLS COM 092113109 978,497 78,958 8.78 53,210 8.34 0.0139
2024-05-10 2024-03-31 13F BLACK HILLS COM 092113109 899,539 26,766 3.07 49,115 4.31 0.0133
2024-02-07 2023-12-31 13F BLACK HILLS COM 092113109 872,773 -17,746 -1.99 47,087 4.52 0.0137
2023-11-09 2023-09-30 13F BLACK HILLS COM 092113109 890,519 -14,191 -1.57 45,051 -17.36 0.0148
2023-08-09 2023-06-30 13F BLACK HILLS COM 092113109 904,710 7,135 0.79 54,518 -3.74 0.0174
2023-05-12 2023-03-31 13F BLACK HILLS COM 092113109 897,575 16,290 1.85 56,637 92,745.90 0.0191
2023-02-09 2022-12-31 13F BLACK HILLS COM 092113109 881,285 57,182 6.94 62 -99.89 0.0183
2022-11-10 2022-09-30 13F BLACK HILLS COM 092113109 824,103 39,340 5.01 55,819 -2.25 0.0214
2022-08-12 2022-06-30 13F BLACK HILLS COM 092113109 784,763 36,173 4.83 57,105 -0.96 0.0205
2022-05-13 2022-03-31 13F BLACK HILLS COM 092113109 748,590 50,038 7.16 57,656 16.96 0.0178
2022-02-09 2021-12-31 13F BLACK HILLS COM 092113109 698,552 1,011 0.14 49,297 12.60 0.0149
2021-11-12 2021-09-30 13F BLACK HILLS COM 092113109 697,541 19,523 2.88 43,780 -1.61 0.0141
2021-08-12 2021-06-30 13F BLACK HILLS COM 092113109 678,018 -386 -0.06 44,498 -1.76 0.0141
2021-05-14 2021-03-31 13F BLACK HILLS COM 092113109 678,404 -16,159 -2.33 45,297 6.13 0.0150
2021-03-08 2020-12-31 13F/A-2 BLACK HILLS COM 092113109 694,563 -16,693 -2.35 42,679 12.18 0.0154
2021-02-11 2020-12-31 13F BLACK HILLS COM 092113109 694,563 -16,693 42,679 15,413.3863
2020-11-12 2020-09-30 13F BLACK HILLS COM 092113109 711,256 -39,439 -5.25 38,044 -10.55 0.0161
2020-08-13 2020-06-30 13F BLACK HILLS COM 092113109 750,695 -8,526 -1.12 42,532 -12.53 0.0187
2020-05-14 2020-03-31 13F BLACK HILLS COM 092113109 759,221 -14,827 -1.92 48,624 -20.02 0.0253
2020-02-14 2019-12-31 13F BLACK HILLS COM 092113109 774,048 -62,410 -7.46 60,793 -5.28 0.0222
2019-11-12 2019-09-30 13F BLACK HILLS COM 092113109 836,458 -66,582 -7.37 64,182 -9.08 0.0249
2019-08-13 2019-06-30 13F BLACK HILLS COM 092113109 903,040 -96,529 -9.66 70,590 -4.66 0.0274
2019-08-12 2019-03-31 13F/A-2 BLACK HILLS COM 092113109 999,569 -28,234 -2.75 74,037 14.74 0.0295
2019-05-10 2019-03-31 13F BLACK HILLS COM 092113109 999,569 -28,234 74,037
2019-02-26 2018-12-31 13F/A-1 BLACK HILLS COM 092113109 1,027,803 27,598 2.76 64,524 11.06 0.0292
2019-02-13 2018-12-31 13F BLACK HILLS COM 092113109 1,027,803 27,598 64,524
2018-11-13 2018-09-30 13F BLACK HILLS COM 092113109 1,000,205 1,255 0.13 58,100 -4.98 0.0221
2018-08-10 2018-06-30 13F BLACK HILLS COM 092113109 998,950 2,952 0.30 61,146 13.06 0.0244
2018-05-11 2018-03-31 13F BLACK HILLS COM 092113109 995,998 96,762 10.76 54,083 0.06 0.0225
2018-02-12 2017-12-31 13F BLACK HILLS COM 092113109 899,236 15,670 1.77 54,053 -11.17 0.0224
2017-11-13 2017-09-30 13F BLACK HILLS COM 092113109 883,566 -82,044 -8.50 60,852 -6.60 0.0266
2017-08-11 2017-06-30 13F BLACK HILLS COM 092113109 965,610 -5,243 -0.54 65,150 0.96 0.0301
2017-05-12 2017-03-31 13F BLACK HILLS COM 092113109 970,853 4,188 0.43 64,531 8.83 0.0308
2017-02-09 2016-12-31 13F BLACK HILLS COM 092113109 966,665 729 0.08 59,296 0.27 0.0296
2016-11-10 2016-09-30 13F BLACK HILLS COM 092113109 965,936 10,666 1.12 59,135 -1.80 0.0320
2016-08-09 2016-06-30 13F BLACK HILLS COM 092113109 955,270 43,501 4.77 60,219 9.84 0.0347
2016-05-13 2016-03-31 13F BLACK HILLS COM 092113109 911,769 112,546 14.08 54,826 47.74 0.0328
2016-02-10 2015-12-31 13F BLACK HILLS COM 092113109 799,223 6,647 0.84 37,109 13.26 0.0231
2015-11-13 2015-09-30 13F BLACK HILLS COM 092113109 792,576 4,903 0.62 32,764 -4.71 0.0215
2015-08-14 2015-06-30 13F BLACK HILLS COM 092113109 787,673 13,357 1.73 34,383 -11.96 0.0211
2015-05-14 2015-03-31 13F BLACK HILLS COM 092113109 774,316 56,321 7.84 39,056 2.55 0.0247
2015-02-06 2014-12-31 13F BLACK HILLS COM 092113109 717,995 35,021 5.13 38,084 16.46 0.0250
2014-11-13 2014-09-30 13F BLACK HILLS COM 092113109 682,974 23,073 3.50 32,702 -19.27 0.0232
2014-08-08 2014-06-30 13F BLACK HILLS COM 092113109 659,901 47,221 7.71 40,510 14.69 0.0282
2014-05-14 2014-03-31 13F BLACK HILLS COM 092113109 612,680 15,424 2.58 35,320 12.62 0.0264
2014-02-12 2013-12-31 13F BLACK HILLS COM 092113109 597,256 30,639 5.41 31,362 11.01 0.0244
2013-11-13 2013-09-30 13F BLACK HILLS COM 092113109 566,617 29,050 5.40 28,251 7.80 0.0245
2013-08-15 2013-06-30 13F BLACK HILLS COM 092113109 537,567 537,567 26,206 0.0247
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.