Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionVerition Fund Management LLC
Latest Disclosed Ownership99,259 shares
Latest Disclosed Value $ 6,889,567
Verition Fund Management LLC reports 60.52% decrease in ownership of BKH / Black Hills Corporation

On May 15, 2026 - Verition Fund Management LLC filed a 13F-HR form disclosing ownership of 99,259 shares of Black Hills Corporation (US:BKH) valued at $6,889,567 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 251,435 shares of Black Hills Corporation. This represents a change in shares of -60.52% during the quarter. The current value of the position is $7,224,070 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)
2026-05-15 2026-03-31 13F BLACK HILLS COM 092113109 99,259 -152,176 -60.52 6,890 -60.53 0.0447
2026-02-13 2025-12-31 13F BLACK HILLS COM 092113109 251,435 133,832 113.80 17,455 140.98 0.0685
2025-11-14 2025-09-30 13F BLACK HILLS COM 092113109 117,603 70,321 148.73 7,243 173.11 0.0299
2025-08-14 2025-06-30 13F BLACK HILLS COM 092113109 47,282 13,844 41.40 2,653 30.77 0.0118
2025-05-15 2025-03-31 13F BLACK HILLS COM 092113109 33,438 -80,346 -70.61 2,028 -69.54 0.0094
2025-02-14 2024-12-31 13F BLACK HILLS COM 092113109 113,784 85,645 304.36 6,659 287.32 0.0263
2024-11-14 2024-09-30 13F BLACK HILLS COM 092113109 28,139 20,425 264.78 1,720 310.26 0.0087
2024-08-14 2024-06-30 13F BLACK HILLS COM 092113109 7,714 -8,248 -51.67 419 -51.89 0.0023
2024-05-14 2024-03-31 13F BLACK HILLS COM 092113109 15,962 5,781 56.78 872 58.65 0.0060
2024-02-14 2023-12-31 13F BLACK HILLS COM 092113109 10,181 3,935 63.00 549 74.29 0.0043
2023-11-14 2023-09-30 13F BLACK HILLS COM 092113109 6,246 6,246 316 0.0037
2023-01-18 2022-09-30 13F/A-1 BLACK HILLS COM 092113109 0 -18,649 -100.00 0 -100.00
2022-11-14 2022-09-30 13F BLACK HILLS COM 092113109 0 -18,649 0
2022-08-30 2022-06-30 13F/A-1 BLACK HILLS COM 092113109 18,649 12,649 210.82 1,357 193.72 0.0268
2022-08-15 2022-06-30 13F BLACK HILLS COM 092113109 18,649 12,649 1,357 0.0269
2022-06-02 2022-03-31 13F/A-1 BLACK HILLS COM 092113109 6,000 6,000 462 0.0056
2022-05-13 2022-03-31 13F BLACK HILLS COM 092113109 6,000 6,000 462 0.0053
2022-05-03 2021-12-31 13F/A-1 BLACK HILLS COM 092113109 0 -10,214 -100.00 0 -100.00
2022-02-14 2021-12-31 13F BLACK HILLS COM 092113109 0 -10,214 0
2021-11-15 2021-09-30 13F BLACK HILLS COM 092113109 10,214 5,039 97.37 641 101.57 0.0056
2021-02-16 2020-12-31 13F BLACK HILLS COM 092113109 5,175 -11,592 -69.14 318 -64.55 0.0028
2020-11-16 2020-09-30 13F BLACK HILLS COM 092113109 16,767 -18,281 -52.16 897 -54.83 0.0179
2020-08-14 2020-06-30 13F BLACK HILLS COM 092113109 35,048 35,048 1,986 0.0653
2020-05-15 2020-03-31 13F BLACK HILLS COM 092113109 0 -90,007 -100.00 0 -100.00
2020-02-14 2019-12-31 13F BLACK HILLS COM 092113109 90,007 86,925 2,820.41 7,069 2,895.34 0.1286
2019-11-14 2019-09-30 13F BLACK HILLS COM 092113109 3,082 3,082 236 0.0065
2019-05-15 2019-03-31 13F BLACK HILLS COM 092113109 0 -65,000 -100.00 0 -100.00
2019-02-14 2018-12-31 13F BLACK HILLS COM 092113109 65,000 56,547 668.96 4,081 731.16 0.2927
2018-11-14 2018-09-30 13F BLACK HILLS COM 092113109 8,453 8,453 491 0.0176
2018-05-15 2018-03-31 13F BLACK HILLS COM 092113109 0 -43,334 -100.00 0 -100.00
2018-02-14 2017-12-31 13F BLACK HILLS COM 092113109 43,334 43,334 2,605 0.2406
2017-02-14 2016-12-31 13F BLACK HILLS COM 092113109 0 -17,027 -100.00 0 -100.00
2016-11-15 2016-09-30 13F BLACK HILLS COM 092113109 17,027 -88,862 -83.92 1,042 -84.39 0.1118
2016-08-15 2016-06-30 13F BLACK HILLS COM 092113109 105,889 45,889 76.48 6,675 85.01 0.8518
2016-05-13 2016-03-31 13F BLACK HILLS COM 092113109 60,000 -240,653 -80.04 3,608 -74.15 0.5830
2016-02-17 2015-12-31 13F BLACK HILLS COM 092113109 300,653 300,653 0.00 13,959 2.6589
2015-05-15 2015-03-31 13F BLACK HILLS COM 092113109 0 -3,811 -100.00 0 -100.00
2015-02-13 2014-12-31 13F BLACK HILLS COM 092113109 3,811 -1,805 -32.14 202 -24.91 0.0453
2014-11-14 2014-09-30 13F BLACK HILLS COM 092113109 5,616 5,616 269 0.0380
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.