Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionGlobal Retirement Partners, LLC
Latest Disclosed Ownership1,093 shares
Latest Disclosed Value $ 75,876
Global Retirement Partners, LLC reports 110.19% increase in ownership of BKH / Black Hills Corporation

On February 6, 2026 - Global Retirement Partners, LLC filed a 13F-HR form disclosing ownership of 1,093 shares of Black Hills Corporation (US:BKH) valued at $75,876 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 21, 2025 disclosing 520 shares of Black Hills Corporation. This represents a change in shares of 110.19% during the quarter. The current value of the position is $79,549 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-02-06 2025-12-31 13F BLACK HILLS COM 092113109 1,093 573 110.19 76 134.38 0.0013
2025-10-21 2025-09-30 13F BLACK HILLS COM 092113109 520 -72 -12.16 32 -3.03 0.0007
2025-08-12 2025-06-30 13F BLACK HILLS COM 092113109 592 62 11.70 33 6.45 0.0008
2025-01-31 2024-12-31 13F BLACK HILLS COM 092113109 530 418 373.21 31 416.67 0.0009
2024-10-16 2024-09-30 13F BLACK HILLS COM 092113109 112 17 17.89 7 20.00 0.0002
2024-07-23 2024-06-30 13F BLACK HILLS COM 092113109 95 2 2.15 5 0.00 0.0002
2024-04-23 2024-03-31 13F BLACK HILLS COM 092113109 93 24 34.78 5 66.67 0.0002
2024-01-18 2023-12-31 13F BLACK HILLS COM 092113109 69 37 115.62 4 200.00 0.0001
2023-10-13 2023-09-30 13F BLACK HILLS COM 092113109 32 -19 -37.25 2 -66.67 0.0001
2023-07-20 2023-06-30 13F BLACK HILLS COM 092113109 51 0 0.00 3 0.00 0.0002
2023-05-08 2023-03-31 13F BLACK HILLS COM 092113109 51 -526 -91.16 3 -92.50 0.0002
2023-02-13 2022-12-31 13F BLACK HILLS COM 092113109 577 0 0.00 41 5.26 0.0028
2022-11-03 2022-09-30 13F BLACK HILLS COM 092113109 577 20 3.59 38 -7.32 0.0029
2022-07-15 2022-06-30 13F BLACK HILLS COM 092113109 557 0 0.00 41 -4.65 0.0033
2022-07-14 2022-03-31 13F BLACK HILLS COM 092113109 557 557 43 0.0034
2022-01-21 2021-12-31 13F BLACK HILLS COM 092113109 0 -1,429 -100.00 0 -100.00
2021-10-22 2021-09-30 13F BLACK HILLS COM 092113109 1,429 -8 -0.56 90 -4.26 0.0089
2021-07-15 2021-06-30 13F BLACK HILLS COM 092113109 1,437 7 0.49 94 -1.05 0.0096
2021-04-14 2021-03-31 13F BLACK HILLS COM 092113109 1,430 349 32.28 95 43.94 0.0111
2021-01-13 2020-12-31 13F BLACK HILLS COM 092113109 1,081 548 102.81 66 127.59 0.0083
2020-10-09 2020-09-30 13F BLACK HILLS COM 092113109 533 88 19.78 29 16.00 0.0042
2020-07-13 2020-06-30 13F BLACK HILLS COM 092113109 445 107 31.66 25 13.64 0.0040
2020-04-28 2020-03-31 13F BLACK HILLS COM 092113109 338 0 0.00 22 -18.52 0.0042
2020-01-23 2019-12-31 13F BLACK HILLS COM 092113109 338 -29 -7.90 27 -3.57 0.0041
2019-11-19 2019-09-30 13F BLACK HILLS COM 092113109 367 -65 -15.05 28 -17.65 0.0046
2019-11-19 2019-06-30 13F BLACK HILLS COM 092113109 432 0 0.00 34 6.25 0.0065
2019-05-07 2019-03-31 13F BLACK HILLS COM 092113109 432 74 20.67 32 45.45 0.0077
2019-02-22 2018-12-31 13F BLACK HILLS COM 092113109 358 294 459.38 22 450.00 0.0056
2018-10-17 2018-09-30 13F BLACK HILLS COM 092113109 64 0 0.00 4 0.00 0.0009
2018-08-13 2018-06-30 13F BLACK HILLS COM 092113109 64 25 64.10 4 100.00 0.0010
2018-08-10 2018-03-31 13F BLACK HILLS COM 092113109 39 0 0.00 2 0.00 0.0006
2018-08-13 2017-12-31 13F BLACK HILLS COM 092113109 39 39 2 0.0005
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.