Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionIFP Advisors, Inc
Latest Disclosed Ownership6,876 shares
Latest Disclosed Value $ 477,263
IFP Advisors, Inc reports 0.61% decrease in ownership of BKH / Black Hills Corporation

On April 13, 2026 - IFP Advisors, Inc filed a 13F-HR form disclosing ownership of 6,876 shares of Black Hills Corporation (US:BKH) valued at $477,263 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 6,918 shares of Black Hills Corporation. This represents a change in shares of -0.61% during the quarter. The current value of the position is $491,428 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)
2026-04-13 2026-03-31 13F BLACK HILLS cs 092113109 6,876 -42 -0.61 477 -0.62 0.0099
2026-02-06 2025-12-31 13F BLACK HILLS cs 092113109 6,918 183 2.72 480 15.94 0.0108
2026-02-06 2025-09-30 13F/A-1 BLACK HILLS cs 092113109 6,735 -216 -3.11 415 6.43 0.0108
2025-12-02 2025-09-30 13F BLACK HILLS cs 092113109 6,748 -203 416 0.0107
2025-07-24 2025-06-30 13F BLACK HILLS cs 092113109 6,951 1,118 19.17 390 10.20 0.0111
2025-05-05 2025-03-31 13F BLACK HILLS cs 092113109 5,833 58 1.00 354 4.75 0.0109
2025-02-04 2024-12-31 13F BLACK HILLS cs 092113109 5,775 -59 -1.01 338 -5.34 0.0111
2025-02-04 2024-09-30 13F BLACK HILLS cs 092113109 5,834 501 9.39 357 22.76 0.0129
2024-07-30 2024-06-30 13F BLACK HILLS cs 092113109 5,333 36 0.68 290 0.35 0.0115
2024-07-30 2024-03-31 13F BLACK HILLS cs 092113109 5,297 211 4.15 289 5.47 0.0127
2024-01-09 2023-12-31 13F BLACK HILLS cs 092113109 5,086 -183 -3.47 274 3.01 0.0129
2023-10-12 2023-09-30 13F BLACK HILLS cs 092113109 5,269 582 12.42 267 -5.67 0.0120
2023-08-14 2023-06-30 13F/A-1 BLACK HILLS cs 092113109 4,687 4,687 282 0.0118
2023-08-04 2023-06-30 13F BLACK HILLS cs 092113109 4,687 4,687 267 0.0124
2023-04-18 2023-03-31 13F BLACK HILLS cs 092113109 0 -86 -100.00 0 0.0000
2023-02-07 2022-12-31 13F BLACK HILLS cs 092113109 86 -5 -5.49 0 -100.00 0.0001
2022-11-08 2022-09-30 13F BLACK HILLS cs 092113109 91 -1 -1.09 5 -16.67 0.0001
2022-09-06 2022-06-30 13F/A-1 BLACK HILLS cs 092113109 92 0 0.00 6 0.00 0.0002
2022-09-06 2022-03-31 13F/A-1 BLACK HILLS cs 092113109 92 92 6 0.0002
2021-07-13 2021-06-30 13F BLACK HILLS CORP COM Stock 092113109 0 0 0 0.0000
2021-04-30 2021-03-31 13F BLACK HILLS CORP COM Stock 092113109 0 -295 -100.00 0 -100.00
2021-01-25 2020-12-31 13F BLACK HILLS CORP COM Stock 092113109 295 -265 -47.32 18 -40.00 0.0007
2020-10-29 2020-09-30 13F BLACK HILLS CORP COM Stock 092113109 560 74 15.23 30 11.11 0.0018
2020-08-05 2020-06-30 13F BLACK HILLS CORP COM Stock 092113109 486 -65 -11.80 27 -20.59 0.0021
2020-05-12 2020-03-31 13F BLACK HILLS CORP COM Stock 092113109 551 0 0.00 34 -20.93 0.0034
2020-01-17 2019-12-31 13F BLACK HILLS CORP COM Stock 092113109 551 278 101.83 43 104.76 0.0032
2019-11-07 2019-09-30 13F BLACK HILLS CORP COM Stock 092113109 273 -1,129 -80.53 21 -79.41 0.0014
2019-05-15 2019-03-31 13F BLACK HILLS Stock 092113109 1,402 -738 -34.49 102 -23.31 0.0139
2019-06-03 2018-12-31 13F/A-10 BLACK HILLS CORP COM Stock 092113109 2,140 -272 -11.28 133 -5.00 0.0081
2019-01-23 2018-12-31 13F BLACK HILLS CORP COM Stock 092113109 2,140 -272 133 0.0081
2019-06-03 2018-09-30 13F/A-9 BLACK HILLS CORP COM Stock 092113109 2,412 1,315 119.87 140 108.96 0.0057
2018-10-25 2018-09-30 13F BLACK HILLS CORP COM Stock 092113109 2,412 1,315 140 0.0057
2019-06-03 2018-06-30 13F/A-8 BLACK HILLS CORP COM Stock 092113109 1,097 397 56.71 67 59.52 0.0028
2018-08-07 2018-06-30 13F BLACK HILLS CORP COM Stock 092113109 1,097 45 67
2019-06-03 2018-03-31 13F/A-7 BLACK HILLS CORP COM Stock 092113109 700 0 0.00 42 0.00 0.0019
2018-05-09 2018-03-31 13F BLACK HILLS CORP COM Stock 092113109 1,052 352 57
2019-06-03 2017-12-31 13F/A-6 BLACK HILLS CORP COM Stock 092113109 700 315 81.82 42 55.56 0.0019
2018-01-24 2017-12-31 13F BLACK HILLS CORP COM Stock 092113109 700 315 42
2017-10-30 2017-09-30 13F BLACK HILLS CORP COM Stock 092113109 385 145 60.42 27 68.75 0.0011
2019-06-03 2017-06-30 13F/A-5 BLACK HILLS CORP COM Stock 092113109 240 0 0.00 16 0.00 0.0007
2017-07-31 2017-06-30 13F BLACK HILLS CORP COM Stock 092113109 240 0 16
2019-06-03 2017-03-31 13F/A-4 BLACK HILLS CORP COM Stock 092113109 240 0 0.00 16 6.67 0.0007
2017-04-26 2017-03-31 13F BLACK HILLS CORP COM Stock 092113109 240 0 16
2019-06-03 2016-12-31 13F/A-3 BLACK HILLS CORP COM Stock 092113109 240 7 3.00 15 7.14 0.0007
2017-02-14 2016-12-31 13F BLACK HILLS CORP COM Stock 092113109 240 7 15
2016-11-04 2016-09-30 13F BLACK HILLS CORP COM Stock 092113109 233 0 0.00 14 -6.67 0.0007
2019-06-03 2016-06-30 13F/A-2 BLACK HILLS CORP COM Stock 092113109 233 -1,169 -83.38 15 -85.29 0.0008
2016-08-22 2016-06-30 13F BLACK HILLS CORP COM Stock 092113109 233 -1,169 15
2019-06-03 2016-03-31 13F/A-1 BLACK HILLS Stock 092113109 1,402 486 53.06 102 137.21 0.0139
2016-05-02 2016-03-31 13F BLACK HILLS CORP COM Stock 092113109 383 -533 23
2016-02-11 2015-12-31 13F BLACK HILLS CORP COM Stock 092113109 916 916 43 0.0029
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.