Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionUs Bancorp \de\
Latest Disclosed Ownership9,308 shares
Latest Disclosed Value $ 646,069
Us Bancorp \de\ reports 1.71% decrease in ownership of BKH / Black Hills Corporation

On May 14, 2026 - Us Bancorp \de\ filed a 13F-HR form disclosing ownership of 9,308 shares of Black Hills Corporation (US:BKH) valued at $646,068 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 9,470 shares of Black Hills Corporation. This represents a change in shares of -1.71% during the quarter. The current value of the position is $677,157 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 COM 092113109 9,308 -162 -1.71 646 -1.67 0.0002
2026-01-30 2025-12-31 13F BLACK HILLS COM 092113109 9,470 -21,056 -68.98 657 -65.05 0.0008
2025-11-12 2025-09-30 13F BLACK HILLS COM 092113109 30,526 18,965 164.04 1,880 190.12 0.0022
2025-07-24 2025-06-30 13F BLACK HILLS COM 092113109 11,561 -325 -2.73 649 -10.00 0.0008
2025-05-08 2025-03-31 13F BLACK HILLS COM 092113109 11,886 -48 -0.40 721 3.15 0.0010
2025-02-05 2024-12-31 13F BLACK HILLS COM 092113109 11,934 -509 -4.09 698 -8.16 0.0009
2024-10-28 2024-09-30 13F BLACK HILLS COM 092113109 12,443 1,330 11.97 761 25.83 0.0010
2024-08-07 2024-06-30 13F BLACK HILLS COM 092113109 11,113 30 0.27 604 -0.17 0.0008
2024-05-08 2024-03-31 13F BLACK HILLS COM 092113109 11,083 -48 -0.43 605 0.83 0.0008
2024-02-09 2023-12-31 13F BLACK HILLS COM 092113109 11,131 81 0.73 601 7.33 0.0009
2023-11-03 2023-09-30 13F BLACK HILLS COM 092113109 11,050 -478 -4.15 559 -19.45 0.0009
2023-08-10 2023-06-30 13F BLACK HILLS COM 092113109 11,528 -423 -3.54 695 -7.96 0.0011
2023-05-09 2023-03-31 13F BLACK HILLS COMMON STOCK 092113109 11,951 1,272 11.91 754 0.40 0.0013
2023-02-13 2022-12-31 13F BLACK HILLS COMMON STOCK 092113109 10,679 -107 -0.99 751 2.74 0.0013
2022-10-27 2022-09-30 13F BLACK HILLS COMMON STOCK 092113109 10,786 -9,708 -47.37 731 -50.97 0.0015
2022-08-01 2022-06-30 13F BLACK HILLS COMMON STOCK 092113109 20,494 1,142 5.90 1,491 0.00 0.0029
2022-05-11 2022-03-31 13F BLACK HILLS COMMON STOCK 092113109 19,352 -1,716 -8.15 1,491 0.34 0.0025
2022-02-11 2021-12-31 13F BLACK HILLS COMMON STOCK 092113109 21,068 -65 -0.31 1,486 12.07 0.0023
2021-11-10 2021-09-30 13F BLACK HILLS COMMON STOCK 092113109 21,133 -762 -3.48 1,326 -7.72 0.0025
2021-08-05 2021-06-30 13F BLACK HILLS COMMON STOCK 092113109 21,895 -2,801 -11.34 1,437 -12.86 0.0027
2021-04-28 2021-03-31 13F BLACK HILLS COMMON STOCK 092113109 24,696 36 0.15 1,649 8.77 0.0033
2021-02-04 2020-12-31 13F BLACK HILLS COMMON STOCK 092113109 24,660 -318 -1.27 1,516 13.47 0.0033
2020-11-10 2020-09-30 13F BLACK HILLS COMMON STOCK 092113109 24,978 -3,736 -13.01 1,336 -17.89 0.0033
2020-08-07 2020-06-30 13F BLACK HILLS COMMON STOCK 092113109 28,714 -2,174 -7.04 1,627 -17.75 0.0043
2020-05-13 2020-03-31 13F BLACK HILLS COMMON STOCK 092113109 30,888 -300 -0.96 1,978 -19.23 0.0062
2020-02-04 2019-12-31 13F BLACK HILLS COMMON STOCK 092113109 31,188 2,378 8.25 2,449 10.81 0.0063
2019-11-08 2019-09-30 13F BLACK HILLS COMMON STOCK 092113109 28,810 46 0.16 2,210 -1.73 0.0060
2019-08-13 2019-06-30 13F BLACK HILLS COMMON STOCK 092113109 28,764 -1,211 -4.04 2,249 1.31 0.0063
2019-05-08 2019-03-31 13F BLACK HILLS COMMON STOCK 092113109 29,975 -2,195 -6.82 2,220 9.90 0.0064
2019-02-13 2018-12-31 13F BLACK HILLS COMMON STOCK 092113109 32,170 336 1.06 2,020 9.19 0.0065
2018-10-31 2018-09-30 13F BLACK HILLS COMMON STOCK 092113109 31,834 -169 -0.53 1,850 -5.61 0.0054
2018-08-08 2018-06-30 13F BLACK HILLS COMMON STOCK 092113109 32,003 -426 -1.31 1,960 11.30 0.0060
2018-05-08 2018-03-31 13F BLACK HILLS COMMON STOCK 092113109 32,429 1,404 4.53 1,761 -5.58 0.0054
2018-02-02 2017-12-31 13F BLACK HILLS COMMON STOCK 092113109 31,025 -1,769 -5.39 1,865 -17.48 0.0057
2017-11-13 2017-09-30 13F BLACK HILLS COMMON STOCK 092113109 32,794 -468 -1.41 2,260 0.71 0.0072
2017-07-19 2017-06-30 13F BLACK HILLS COMMON STOCK 092113109 33,262 16 0.05 2,244 1.49 0.0075
2017-05-03 2017-03-31 13F BLACK HILLS COMMON STOCK 092113109 33,246 422 1.29 2,211 9.78 0.0076
2017-02-08 2016-12-31 13F BLACK HILLS COMMON STOCK 092113109 32,824 -614 -1.84 2,014 -1.61 0.0072
2016-11-04 2016-09-30 13F BLACK HILLS COMMON STOCK 092113109 33,438 13,036 63.90 2,047 59.18 0.0076
2016-08-10 2016-06-30 13F BLACK HILLS COMMON STOCK 092113109 20,402 1,819 9.79 1,286 15.13 0.0049
2016-05-13 2016-03-31 13F BLACK HILLS COMMON STOCK 092113109 18,583 1,455 8.49 1,117 40.50 0.0044
2016-02-10 2015-12-31 13F BLACK HILLS COMMON STOCK 092113109 17,128 4,603 36.75 795 53.47 0.0032
2015-11-16 2015-09-30 13F BLACK HILLS COMMON STOCK 092113109 12,525 -739 -5.57 518 -10.54 0.0022
2015-08-10 2015-06-30 13F BLACK HILLS COMMON STOCK 092113109 13,264 663 5.26 579 -8.96 0.0022
2015-05-08 2015-03-31 13F BLACK HILLS COMMON STOCK 092113109 12,601 1,433 12.83 636 7.43 0.0024
2015-02-13 2014-12-31 13F BLACK HILLS COMMON STOCK 092113109 11,168 -237 -2.08 592 8.62 0.0023
2014-11-14 2014-09-30 13F BLACK HILLS COMMON STOCK 092113109 11,405 -3,810 -25.04 545 -41.65 0.0022
2014-08-14 2014-06-30 13F BLACK HILLS COMMON STOCK 092113109 15,215 1,329 9.57 934 16.75 0.0037
2014-05-14 2014-03-31 13F BLACK HILLS COMMON STOCK 092113109 13,886 1,280 10.15 800 20.85 0.0033
2014-02-13 2013-12-31 13F BLACK HILLS COMMON STOCK 092113109 12,606 -336 -2.60 662 2.48 0.0027
2013-11-07 2013-09-30 13F BLACK HILLS COMMON STOCK 092113109 12,942 1,640 14.51 646 17.24 0.0029
2013-08-09 2013-06-30 13F BLACK HILLS COMMON STOCK 092113109 11,302 11,302 551 0.0025
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.