Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionLPL Financial LLC
Latest Disclosed Ownership57,972 shares
Latest Disclosed Value $ 4,023,828
LPL Financial LLC reports 19.94% increase in ownership of BKH / Black Hills Corporation

On May 6, 2026 - LPL Financial LLC filed a 13F-HR form disclosing ownership of 57,972 shares of Black Hills Corporation (US:BKH) valued at $4,023,837 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 48,334 shares of Black Hills Corporation. This represents a change in shares of 19.94% during the quarter. The current value of the position is $4,219,202 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)
2026-05-06 2026-03-31 13F BLACK HILLS COM 092113109 57,972 9,638 19.94 4,024 19.91 0.0011
2026-02-11 2025-12-31 13F BLACK HILLS COM 092113109 48,334 1,297 2.76 3,355 15.85 0.0009
2025-11-12 2025-09-30 13F BLACK HILLS COM 092113109 47,037 8,340 21.55 2,897 33.46 0.0008
2025-08-12 2025-06-30 13F BLACK HILLS COM 092113109 38,697 -1,105 -2.78 2,171 -10.07 0.0007
2025-05-07 2025-03-31 13F BLACK HILLS COM 092113109 39,802 7,211 22.13 2,414 26.53 0.0009
2025-02-11 2024-12-31 13F BLACK HILLS COM 092113109 32,591 3,422 11.73 1,907 7.01 0.0008
2024-11-08 2024-09-30 13F BLACK HILLS COM 092113109 29,169 682 2.39 1,783 15.04 0.0008
2024-08-07 2024-06-30 13F BLACK HILLS COM 092113109 28,487 2,636 10.20 1,549 9.78 0.0008
2024-05-10 2024-03-31 13F BLACK HILLS COM 092113109 25,851 2,610 11.23 1,411 12.61 0.0008
2024-02-14 2023-12-31 13F BLACK HILLS COM 092113109 23,241 -3,002 -11.44 1,254 -5.58 0.0008
2023-11-13 2023-09-30 13F BLACK HILLS COM 092113109 26,243 -4,392 -14.34 1,328 -28.11 0.0009
2023-07-31 2023-06-30 13F BLACK HILLS COM 092113109 30,635 2,067 7.24 1,846 2.44 0.0013
2023-05-10 2023-03-31 13F BLACK HILLS COM 092113109 28,568 -599 -2.05 1,803 -12.14 0.0014
2023-02-07 2022-12-31 13F BLACK HILLS COM 092113109 29,167 1,807 6.60 2,052 10.69 0.0018
2022-11-14 2022-09-30 13F BLACK HILLS COM 092113109 27,360 -1,196 -4.19 1,853 -10.83 0.0018
2022-08-12 2022-06-30 13F BLACK HILLS COM 092113109 28,556 -3,855 -11.89 2,078 -16.75 0.0020
2022-05-16 2022-03-31 13F BLACK HILLS COM 092113109 32,411 -1,220 -3.63 2,496 5.18 0.0021
2022-02-14 2021-12-31 13F BLACK HILLS COM 092113109 33,631 1,036 3.18 2,373 15.98 0.0020
2021-11-15 2021-09-30 13F BLACK HILLS COM 092113109 32,595 1,598 5.16 2,046 0.59 0.0019
2021-08-13 2021-06-30 13F BLACK HILLS COM 092113109 30,997 -545 -1.73 2,034 -3.42 0.0021
2021-05-14 2021-03-31 13F BLACK HILLS COM 092113109 31,542 5,409 20.70 2,106 31.13 0.0024
2021-02-12 2020-12-31 13F BLACK HILLS COM 092113109 26,133 5,476 26.51 1,606 45.34 0.0021
2020-11-09 2020-09-30 13F BLACK HILLS COM 092113109 20,657 1,549 8.11 1,105 2.03 0.0017
2020-08-13 2020-06-30 13F BLACK HILLS COM 092113109 19,108 2,750 16.81 1,083 3.44 0.0019
2020-05-14 2020-03-31 13F BLACK HILLS COM 092113109 16,358 455 2.86 1,047 -16.17 0.0023
2020-02-14 2019-12-31 13F BLACK HILLS COM 092113109 15,903 -1,731 -9.82 1,249 -7.69 0.0023
2019-11-13 2019-09-30 13F BLACK HILLS COM 092113109 17,634 -935 -5.04 1,353 -6.75 0.0028
2019-08-09 2019-06-30 13F BLACK HILLS COM 092113109 18,569 -437 -2.30 1,451 3.05 0.0031
2019-05-08 2019-03-31 13F BLACK HILLS COM 092113109 19,006 827 4.55 1,408 23.40 0.0032
2019-02-07 2018-12-31 13F BLACK HILLS COM 092113109 18,179 3,927 27.55 1,141 37.80 0.0030
2018-11-14 2018-09-30 13F BLACK HILLS COM 092113109 14,252 235 1.68 828 -3.50 0.0020
2018-08-14 2018-06-30 13F BLACK HILLS COM 092113109 14,017 893 6.80 858 20.34 0.0023
2018-05-15 2018-03-31 13F BLACK HILLS COM 092113109 13,124 936 7.68 713 -2.73 0.0020
2018-02-14 2017-12-31 13F BLACK HILLS COM 092113109 12,188 8,678 247.24 733 202.89 0.0022
2017-11-14 2017-09-30 13F BLACK HILLS COM 092113109 3,510 -2,723 -43.69 242 -42.52 0.0009
2017-08-14 2017-06-30 13F BLACK HILLS COM 092113109 6,233 415 7.13 421 9.35 0.0016
2017-05-15 2017-03-31 13F BLACK HILLS COM 092113109 5,818 2,430 71.72 385 87.80 0.0026
2017-02-13 2016-12-31 13F BLACK HILLS COM 092113109 3,388 3,388 0.00 205 0.0016
2016-08-15 2016-06-30 13F BLACK HILLS COM 092113109 0 -4,474 -100.00 0 -100.00
2016-05-16 2016-03-31 13F BLACK HILLS COM 092113109 4,474 0 0.00 261 23.11 0.0007
2016-02-12 2015-12-31 13F BLACK HILLS COM 092113109 4,474 4,474 0.00 212 0.0006
2014-11-10 2014-09-30 13F BLACK HILLS COM 092113109 0 -3,305 -100.00 0 -100.00
2014-08-05 2014-06-30 13F/A-1 BLACK HILLS COM 092113109 3,305 -4,926 -59.85 203 -53.01 0.0012
2014-08-05 2014-06-30 13F BLACK HILLS COM 092113109 3,305 203
2014-02-13 2013-12-31 13F BLACK HILLS COM 092113109 8,231 279 3.51 432 11.63 0.0027
2013-11-04 2013-09-30 13F BLACK HILLS COM 092113109 7,952 498 6.68 387 6.61 0.0026
2013-08-15 2013-06-30 13F BLACK HILLS COM 092113109 7,454 7,454 363 0.0026
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.