Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionCaptrust Financial Advisors
Latest Disclosed Ownership47,998 shares
Latest Disclosed Value $ 3,331,554
Captrust Financial Advisors reports 248.82% increase in ownership of BKH / Black Hills Corporation

On May 14, 2026 - Captrust Financial Advisors filed a 13F-HR form disclosing ownership of 47,998 shares of Black Hills Corporation (US:BKH) valued at $3,331,541 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 13,760 shares of Black Hills Corporation. This represents a change in shares of 248.82% during the quarter. The current value of the position is $3,451,056 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 CORP COM Stock 092113109 47,998 34,238 248.82 3,332 248.80 0.0057
2026-02-17 2025-12-31 13F BLACK HILLS CORP COM Stock 092113109 13,760 1,580 12.97 955 27.33 0.0018
2025-11-19 2025-09-30 13F BLACK HILLS CORP COM Stock 092113109 12,180 4,545 59.53 750 75.23 0.0015
2025-08-15 2025-06-30 13F BLACK HILLS CORP COM Stock 092113109 7,635 582 8.25 428 0.23 0.0010
2025-05-15 2025-03-31 13F BLACK HILLS CORP COM Stock 092113109 7,053 311 4.61 428 8.38 0.0011
2025-02-14 2024-12-31 13F BLACK HILLS CORP COM Stock 092113109 6,742 838 14.19 395 9.44 0.0011
2024-11-14 2024-09-30 13F BLACK HILLS CORP COM Stock 092113109 5,904 325 5.83 361 18.81 0.0011
2024-08-15 2024-06-30 13F BLACK HILLS CORP COM Stock 092113109 5,579 794 16.59 303 16.09 0.0010
2024-05-15 2024-03-31 13F BLACK HILLS CORP COM Stock 092113109 4,785 -3,871 -44.72 261 -43.99 0.0010
2024-02-14 2023-12-31 13F BLACK HILLS CORP COM Stock 092113109 8,656 3,512 68.27 467 79.23 0.0016
2023-11-15 2023-09-30 13F BLACK HILLS CORP COM Stock 092113109 5,144 207 4.19 260 -12.46 0.0010
2023-08-15 2023-06-30 13F BLACK HILLS CORP COM Stock 092113109 4,937 -581 -10.53 298 -14.66 0.0012
2023-05-15 2023-03-31 13F BLACK HILLS CORP COM Stock 092113109 5,518 11 0.20 348 -10.08 0.0015
2023-02-15 2022-12-31 13F BLACK HILLS CORP COM Stock 092113109 5,507 1,764 47.13 387 52.36 0.0019
2022-11-16 2022-09-30 13F BLACK HILLS CORP COM Stock 092113109 3,743 -587 -13.56 254 -19.37 0.0015
2022-08-23 2022-06-30 13F/A-1 BLACK HILLS CORP COM Common Stock 092113109 4,330 8 0.19 315 -5.41 0.0020
2022-08-16 2022-06-30 13F BLACK HILLS CORP COM COM 092113109 4,669 347 340 0.0025
2022-05-16 2022-03-31 13F BLACK HILLS COM 092113109 4,322 154 3.69 333 13.27 0.0022
2022-02-14 2021-12-31 13F BLACK HILLS CORP COM Common Stock 092113109 4,168 1,760 73.09 294 94.70 0.0020
2021-11-16 2021-09-30 13F BLACK HILLS CORP COM Common Stock 092113109 2,408 26 1.09 151 -3.21 0.0013
2021-08-16 2021-06-30 13F BLACK HILLS CORP COM Common Stock 092113109 2,382 -205 -7.92 156 -9.83 0.0015
2021-05-17 2021-03-31 13F BLACK HILLS CORP COM Common Stock 092113109 2,587 712 37.97 173 50.43 0.0019
2021-02-16 2020-12-31 13F BLACK HILLS CORP COM Common Stock 092113109 1,875 55 3.02 115 17.35 0.0015
2020-11-17 2020-09-30 13F BLACK HILLS CORP COM Common Stock 092113109 1,820 70 4.00 98 -2.97 0.0016
2020-08-14 2020-06-30 13F BLACK HILLS CORP COM Common Stock 092113109 1,750 0 0.00 101 -0.98 0.0017
2020-05-15 2020-03-31 13F BLACK HILLS CORP COM Common Stock 092113109 1,750 1,750 102 0.0022
2020-02-14 2019-12-31 13F BLACK HILLS CORP COM Common Stock 092113109 0 -400 -100.00 0 -100.00
2019-11-14 2019-09-30 13F BLACK HILLS CORP COM Common Stock 092113109 400 0 0.00 31 0.00 0.0011
2019-08-13 2019-06-30 13F BLACK HILLS CORP COM Common Stock 092113109 400 0 0.00 31 3.33 0.0011
2019-05-15 2019-03-31 13F BLACK HILLS CORP COM Common Stock 092113109 400 400 30 0.0012
2018-08-13 2018-06-30 13F BLACK HILLS CORP COM Common Stock 092113109 0 -21 -100.00 0 -100.00
2018-05-15 2018-03-31 13F BLACK HILLS CORP COM Common Stock 092113109 21 21 1 0.0001
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.