Black Hills Corporation (BKH) Ownership
BKH ownership summary
as of October 18, 2026- Institutions
- 104.5% of shares outstanding
- Insiders
- 0.48% of shares outstanding
- Shares outstanding
- 76.3M
- Float
- 75.9M shares available to trade
- Short interest
- 19.46% 11.1M shares short
- Days to cover
- 10.81 short interest up 7.5% vs prior month
- Institutions 104.47%
- Insiders 0.48%
BKH top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 16.37% | 12.5M | $956.5M | +352,531 (+2.9%) | June 30, 2026 |
| 2 | Vanguard Portfolio Management, LLC | 6.74% | 5.1M | $394.0M | +101,233 (+2.0%) | June 30, 2026 |
| 3 | State Street Corp | 5.01% | 3.8M | $292.7M | +198,954 (+5.5%) | June 30, 2026 |
| 4 | Vanguard Capital Management, LLC | 4.50% | 3.4M | $262.7M | +58,854 (+1.7%) | June 30, 2026 |
| 5 | Delaware Management Holdings Inc | 3.27% | 2.5M | $191.3M | −182,225 (−6.8%) | June 30, 2026 |
| 6 | AQR Capital Management LLC | 2.93% | 2.2M | $171.0M | +636,408 (+39.9%) | June 30, 2026 |
| 7 | Point72 Asset Management, L.P. | 2.83% | 2.2M | $165.6M | +217,982 (+11.2%) | June 30, 2026 |
| 8 | Geode Capital Management, LLC | 2.80% | 2.1M | $163.3M | +136,571 (+6.8%) | June 30, 2026 |
| 9 | Franklin Templeton Inc | 2.57% | 2.0M | $150.4M | +386,820 (+24.5%) | June 30, 2026 |
| 10 | Capital Research Global Investors | 2.39% | 1.8M | $139.9M | −449,961 (−19.8%) | June 30, 2026 |
| 11 | Two Sigma Investments LLC | 2.18% | 1.7M | $127.4M | −552,825 (−24.9%) | June 30, 2026 |
| 12 | Cohen & Steers Inc | 2.11% | 1.6M | $123.2M | +339,707 (+26.8%) | June 30, 2026 |
| 13 | Covalis Capital LLP | 1.94% | 1.5M | $113.5M | −271,442 (−15.5%) | June 30, 2026 |
| 14 | Engineers Gate Manager LP | 1.89% | 1.4M | $110.5M | +379,211 (+35.7%) | June 30, 2026 |
| 15 | The Goldman Sachs Group Inc | 1.88% | 1.4M | $109.7M | −153,308 (−9.7%) | June 30, 2026 |
| 16 | Citadel Advisors Llc | 1.65% | 1.3M | $96.5M | +356,679 (+39.5%) | June 30, 2026 |
| 17 | Charles Schwab Investment Management Inc | 1.59% | 1.2M | $93.0M | −2,510 (−0.2%) | June 30, 2026 |
| 18 | Adage Capital Partners Gp LLC | 1.55% | 1.2M | $90.8M | −884,803 (−42.7%) | June 30, 2026 |
| 19 | Dimensional Fund Advisors, Inc. | 1.54% | 1.2M | $89.7M | +29,866 (+2.6%) | June 30, 2026 |
| 20 | Amvescap Plc. | 1.53% | 1.2M | $89.7M | +109,704 (+10.3%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 13 holders added 3.3M shares and 7 cut 2.5M.
BKH top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Mid-Cap ETF | 3.56% | 2.7M | $208.2M | −972 (−0.0%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 3.17% | 2.4M | $185.5M | −2,651 (−0.1%) | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 2.66% | 2.0M | $155.6M | −23,424 (−1.1%) | September 30, 2026 |
| 4 | American Funds SMALLCAP World A | 2.33% | 1.8M | $136.2M | — | September 30, 2026 |
| 5 | Vanguard Small Cap Index | 2.25% | 1.7M | $131.4M | −37,808 (−2.2%) | September 30, 2026 |
| 6 | iShares Select Dividend ETF | 1.92% | 1.5M | $112.3M | −503 (−0.0%) | September 30, 2026 |
| 7 | Vanguard MStar Small Cap Value Index | 1.46% | 1.1M | $85.6M | +4,615 (+0.4%) | September 30, 2026 |
| 8 | Fidelity Small Cap Index | 1.12% | 851K | $65.2M | +7,083 (+0.8%) | July 31, 2026 |
| 9 | Pictet Glbl Sel Fd Glbl Utilities Eq P | 1.00% | 759K | $58.2M | +98,571 (+14.9%) | May 31, 2026 |
| 10 | iShares Russell 2000 Value ETF | 0.96% | 735K | $56.3M | +1,114 (+0.2%) | September 30, 2026 |
| 11 | State Street® SPDR® S&P® Dividend ETF | 0.90% | 689K | $52.8M | — | September 30, 2026 |
| 12 | Nomura Small Cap Core I | 0.86% | 655K | $50.2M | — | August 31, 2026 |
| 13 | Vanguard Strategic Equity Inv | 0.85% | 649K | $49.7M | — | June 30, 2026 |
| 14 | Undiscovered Managers Behavioral Val L | 0.76% | 580K | $44.4M | −12,900 (−2.2%) | August 31, 2026 |
| 15 | State Street® SPDR® S&P MIDCAP 400® ETF | 0.74% | 564K | $43.2M | +7,068 (+1.3%) | September 30, 2026 |
| 16 | Franklin Small Cap Value A | 0.73% | 560K | $42.9M | — | August 31, 2026 |
| 17 | Vanguard Utilities ETF | 0.69% | 523K | $40.1M | −1,327 (−0.3%) | September 30, 2026 |
| 18 | Nomura Small Cap Value A | 0.66% | 502K | $38.4M | — | August 31, 2026 |
| 19 | Franklin Utilities A1 | 0.66% | 500K | $38.3M | — | September 30, 2026 |
| 20 | DNP Select Income | 0.60% | 460K | $35.2M | — | June 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
BKH insider transactions
latest 1| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-10 | Kimberly F Nooney | Sell | $70.70 | 14,500 | $1.0M |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
BKH shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns BKH
Institutional investors own 104.5% of Black Hills's shares and insiders 0.48%. The largest holder is BlackRock Inc with 16.37% of the shares (12.5M), as of June 30, 2026. Among the top 20 institutions, 13 added shares and 7 reduced their stake in the latest filings. Short interest is 19.46% of the float, or 10.81 days of average trading volume. The share count rose 68.8% since 2014.
Related: BKH analyst forecast, BKH key metrics, BKH dividend history. See the BKH stock overview for the latest quote and news.
BKH ownership FAQ
Who owns the most Black Hills stock?
The largest shareholders of Black Hills are BlackRock Inc (16.37%), Vanguard Portfolio Management, LLC (6.74%), State Street Corp (5.01%), Vanguard Capital Management, LLC (4.50%), Delaware Management Holdings Inc (3.27%).
What percentage of Black Hills is owned by institutions?
Institutions hold 104.5% of Black Hills's shares outstanding; insiders hold 0.48%.
Which funds own Black Hills?
The largest fund holders of Black Hills are iShares Core S&P Mid-Cap ETF (3.56%), Vanguard MStar Total Stk Mkt Idx Invest (3.17%), iShares Russell 2000 ETF (2.66%), American Funds SMALLCAP World A (2.33%), Vanguard Small Cap Index (2.25%).
What is Black Hills's short interest?
11.1M shares of Black Hills were sold short, 19.46% of the float; at the average daily volume it would take 10.81 days to cover.
Are insiders buying or selling Black Hills?
Of the latest 1 reported insider transactions in Black Hills (since November 10, 2025), 0 were purchases and 1 were sales.
How many shares of Black Hills are outstanding?
Black Hills has 76.3M shares outstanding, of which 75.9M are in the public float.