Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionFirst Trust Advisors Lp
Latest Disclosed Ownership705,051 shares
Latest Disclosed Value $ 48,937,581
First Trust Advisors Lp reports 3.28% decrease in ownership of BKH / Black Hills Corporation

On May 13, 2026 - First Trust Advisors Lp filed a 13F-HR form disclosing ownership of 705,051 shares of Black Hills Corporation (US:BKH) valued at $48,937,590 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 728,943 shares of Black Hills Corporation. This represents a change in shares of -3.28% during the quarter. The current value of the position is $51,313,612 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)
2026-05-13 2026-03-31 13F BLACK HILLS COM 092113109 705,051 -23,892 -3.28 48,938 -3.29 0.0349
2026-02-13 2025-12-31 13F BLACK HILLS COM 092113109 728,943 -142,030 -16.31 50,603 -5.67 0.0368
2025-11-12 2025-09-30 13F BLACK HILLS COM 092113109 870,973 -22,123 -2.48 53,643 7.07 0.0399
2025-08-13 2025-06-30 13F BLACK HILLS COM 092113109 893,096 -42,942 -4.59 50,103 -11.75 0.0403
2025-05-14 2025-03-31 13F BLACK HILLS COM 092113109 936,038 -17,393 -1.82 56,771 1.75 0.0503
2025-02-13 2024-12-31 13F BLACK HILLS COM 092113109 953,431 720,628 309.54 55,795 292.14 0.0492
2024-11-13 2024-09-30 13F BLACK HILLS COM 092113109 232,803 -2,496 -1.06 14,229 11.20 0.0136
2024-08-13 2024-06-30 13F BLACK HILLS COM 092113109 235,299 -3,910 -1.63 12,796 -2.03 0.0130
2024-05-13 2024-03-31 13F BLACK HILLS COM 092113109 239,209 -1,205,489 -83.44 13,061 -83.24 0.0133
2024-02-13 2023-12-31 13F BLACK HILLS COM 092113109 1,444,698 -4,006 -0.28 77,941 6.35 0.0850
2023-11-13 2023-09-30 13F BLACK HILLS COM 092113109 1,448,704 132,441 10.06 73,290 -7.60 0.0869
2023-08-14 2023-06-30 13F BLACK HILLS COM 092113109 1,316,263 107,164 8.86 79,318 3.96 0.0902
2023-05-15 2023-03-31 13F BLACK HILLS COM 092113109 1,209,099 139,649 13.06 76,294 1.42 0.0881
2023-02-09 2022-12-31 13F BLACK HILLS COM 092113109 1,069,450 194,063 22.17 75,226 26.88 0.0895
2022-11-14 2022-09-30 13F BLACK HILLS COM 092113109 875,387 -47,261 -5.12 59,290 -11.69 0.0769
2022-08-12 2022-06-30 13F BLACK HILLS COM 092113109 922,648 -35,669 -3.72 67,141 -9.03 0.0829
2022-05-13 2022-03-31 13F BLACK HILLS COM 092113109 958,317 -59,037 -5.80 73,809 2.81 0.0755
2022-02-08 2021-12-31 13F BLACK HILLS COM 092113109 1,017,354 -17,687 -1.71 71,795 10.52 0.0698
2021-11-15 2021-09-30 13F BLACK HILLS COM 092113109 1,035,041 63,194 6.50 64,959 1.85 0.0699
2021-10-12 2021-06-30 13F/A-1 BLACK HILLS COM 092113109 971,847 33,114 3.53 63,778 1.75 0.0690
2021-08-16 2021-06-30 13F BLACK HILLS COM 092113109 1,093,812 155,079 71,787 0.0740
2021-05-14 2021-03-31 13F BLACK HILLS COM 092113109 938,733 -18,123 -1.89 62,681 6.60 0.0759
2021-02-02 2020-12-31 13F BLACK HILLS COM 092113109 956,856 -39,536 -3.97 58,799 10.32 0.0779
2020-11-05 2020-09-30 13F BLACK HILLS COM 092113109 996,392 160,073 19.14 53,297 12.47 0.0854
2020-07-22 2020-06-30 13F BLACK HILLS COM 092113109 836,319 172,753 26.03 47,386 11.53 0.0821
2020-05-06 2020-03-31 13F BLACK HILLS COM 092113109 663,566 21,853 3.41 42,488 -15.70 0.0963
2020-02-03 2019-12-31 13F BLACK HILLS COM 092113109 641,713 77,027 13.64 50,400 16.32 0.0861
2019-11-04 2019-09-30 13F BLACK HILLS COM 092113109 564,686 83,772 17.42 43,328 15.26 0.0816
2019-07-30 2019-06-30 13F BLACK HILLS COM 092113109 480,914 -7,489 -1.53 37,593 3.92 0.0709
2019-06-19 2019-03-31 13F/A-1 BLACK HILLS COM 092113109 488,403 85,946 21.36 36,176 43.18 0.0719
2019-05-09 2019-03-31 13F BLACK HILLS COM 092113109 488,403 85,946 36,176
2019-02-07 2018-12-31 13F BLACK HILLS COM 092113109 402,457 -73,238 -15.40 25,266 -8.57 0.0599
2018-10-25 2018-09-30 13F BLACK HILLS COM 092113109 475,695 60,449 14.56 27,633 8.72 0.0515
2018-08-02 2018-06-30 13F BLACK HILLS COM 092113109 415,246 -33,374 -7.44 25,417 4.34 0.0527
2018-04-23 2018-03-31 13F BLACK HILLS COM 092113109 448,620 54,273 13.76 24,360 2.77 0.0559
2018-02-08 2017-12-31 13F BLACK HILLS COM 092113109 394,347 89,193 29.23 23,704 12.79 0.0564
2017-10-24 2017-09-30 13F BLACK HILLS COM 092113109 305,154 -4,588 -1.48 21,016 0.56 0.0541
2017-08-02 2017-06-30 13F BLACK HILLS COM 092113109 309,742 21,963 7.63 20,898 9.25 0.0558
2017-05-02 2017-03-31 13F BLACK HILLS COM 092113109 287,779 45,102 18.59 19,129 28.50 0.0530
2017-02-06 2016-12-31 13F BLACK HILLS COM 092113109 242,677 40,314 19.92 14,886 20.15 0.0443
2016-11-01 2016-09-30 13F BLACK HILLS COM 092113109 202,363 27,113 15.47 12,389 12.14 0.0370
2016-08-04 2016-06-30 13F BLACK HILLS COM 092113109 175,250 -13,157 -6.98 11,048 -2.48 0.0348
2016-05-10 2016-03-31 13F BLACK HILLS COM 092113109 188,407 -69,423 -26.93 11,329 -5.36 0.0364
2016-05-04 2015-12-31 13F/A-1 BLACK HILLS COM 092113109 257,830 -125,478 -32.74 11,971 -24.45 0.0311
2016-02-03 2015-12-31 13F BLACK HILLS COM 092113109 257,830 11,971
2015-11-05 2015-09-30 13F BLACK HILLS COM 092113109 383,308 110,405 40.46 15,846 33.03 0.0459
2015-08-04 2015-06-30 13F BLACK HILLS COM 092113109 272,903 189,462 227.06 11,912 183.01 0.0309
2015-05-04 2015-03-31 13F BLACK HILLS COM 092113109 83,441 -4,777 -5.41 4,209 -10.04 0.0124
2015-02-13 2014-12-31 13F BLACK HILLS COM 092113109 88,218 27,947 46.37 4,679 62.13 0.0158
2014-11-12 2014-09-30 13F BLACK HILLS COM 092113109 60,271 -4,123 -6.40 2,886 -26.99 0.0114
2014-08-11 2014-06-30 13F BLACK HILLS COM 092113109 64,394 -21,668 -25.18 3,953 -20.32 0.0164
2014-05-12 2014-03-31 13F BLACK HILLS COM 092113109 86,062 -500,793 -85.34 4,961 -83.90 0.0218
2014-08-08 2013-12-31 13F/A-1 BLACK HILLS COM 092113109 586,855 4,282 0.74 30,816 6.09 0.1494
2014-02-13 2013-12-31 13F BLACK HILLS COM 092113109 586,855 30,816
2013-11-12 2013-09-30 13F BLACK HILLS COM 092113109 582,573 17,084 3.02 29,047 5.36 0.1575
2013-08-12 2013-06-30 13F BLACK HILLS COM 092113109 565,489 565,489 27,568 0.1794
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.