Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership14,318 shares
Latest Disclosed Value $ 993,812
Neuberger Berman Group LLC reports 13.20% decrease in ownership of BKH / Black Hills Corporation

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 14,318 shares of Black Hills Corporation (US:BKH) valued at $993,812 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 16,495 shares of Black Hills Corporation. This represents a change in shares of -13.20% during the quarter. The current value of the position is $1,023,307 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)
2026-05-14 2026-03-31 13F BLACK HILLS Common 092113109 14,318 -2,177 -13.20 994 -13.28 0.0004
2026-02-13 2025-12-31 13F BLACK HILLS Common 092113109 16,495 3,889 30.85 1,145 47.55 0.0009
2025-11-12 2025-09-30 13F BLACK HILLS Common 092113109 12,606 605 5.04 776 15.30 0.0006
2025-08-25 2025-06-30 13F/A-1 BLACK HILLS Common 092113109 12,001 5,004 71.52 673 58.73 0.0005
2025-08-13 2025-06-30 13F BLACK HILLS Common 092113109 12,001 5,004 673 0.0003
2025-05-13 2025-03-31 13F BLACK HILLS Common 092113109 6,997 1,520 27.75 424 32.50 0.0004
2025-02-13 2024-12-31 13F BLACK HILLS Common 092113109 5,477 -148 -2.63 321 -6.71 0.0003
2024-11-14 2024-09-30 13F BLACK HILLS Common 092113109 5,625 -1,165 -17.16 344 -7.05 0.0003
2024-11-14 2024-06-30 13F/A-1 BLACK HILLS Common 092113109 6,790 2,667 64.69 369 64.00 0.0003
2024-08-13 2024-06-30 13F BLACK HILLS Common 092113109 6,790 2,667 369 0.0003
2024-11-14 2024-03-31 13F/A-1 BLACK HILLS Common 092113109 4,123 -334 -7.49 225 -6.25 0.0002
2024-05-13 2024-03-31 13F BLACK HILLS Common 092113109 4,123 -334 225 0.0002
2024-11-14 2023-12-31 13F/A-2 BLACK HILLS Common 092113109 4,457 -315 -6.60 240 -0.41 0.0002
2024-02-09 2023-12-31 13F BLACK HILLS Common 092113109 4,457 -315 240 0.0002
2023-11-14 2023-09-30 13F BLACK HILLS Common 092113109 4,772 4,772 241 0.0002
2023-05-12 2023-03-31 13F BLACK HILLS Common 092113109 0 -3,077 -100.00 0 -100.00
2023-02-13 2022-12-31 13F BLACK HILLS Common 092113109 3,077 3,077 216 0.0002
2018-05-08 2018-03-31 13F BLACK HILLS Common 092113109 0 -13,008 -100.00 0 -100.00
2018-02-14 2017-12-31 13F BLACK HILLS Common 092113109 13,008 -372,184 -96.62 782 -97.05 0.0009
2017-11-15 2017-09-30 13F BLACK HILLS COMMON STOCK 092113109 385,192 1,680 0.44 26,528 2.52 0.0332
2017-08-08 2017-06-30 13F BLACK HILLS COMMON STOCK 092113109 383,512 1,525 0.40 25,876 1.91 0.0332
2017-05-10 2017-03-31 13F BLACK HILLS COMMON STOCK 092113109 381,987 4,200 1.11 25,391 9.57 0.0328
2017-02-06 2016-12-31 13F BLACK HILLS COMMON STOCK 092113109 377,787 -302,188 -44.44 23,173 -44.33 0.0311
2016-11-02 2016-09-30 13F BLACK HILLS COMMON STOCK 092113109 679,975 -93,108 -12.04 41,628 -14.58 0.0565
2016-08-05 2016-06-30 13F BLACK HILLS COMMON STOCK 092113109 773,083 194,969 33.73 48,735 40.20 0.0671
2016-05-06 2016-03-31 13F BLACK HILLS COMMON STOCK 092113109 578,114 578,114 0.00 34,762 0.0478
2016-01-28 2015-12-31 13F BLACK HILLS COMMON STOCK 092113109 0 0 0 0.0000
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.