Black Hills Corporation
US ˙ NYSE ˙ US0921131092

SecurityBKH / Black Hills Corporation
InstitutionSquarepoint Ops LLC
Latest Disclosed Ownership269,075 shares
Latest Disclosed Value $ 18,676,496
Squarepoint Ops LLC reports 26.31% increase in ownership of BKH / Black Hills Corporation

On May 15, 2026 - Squarepoint Ops LLC filed a 13F-HR form disclosing ownership of 269,075 shares of Black Hills Corporation (US:BKH) valued at $18,676,496 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 213,023 shares of Black Hills Corporation. This represents a change in shares of 26.31% during the quarter. The current value of the position is $19,230,790 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 269,075 56,052 26.31 18,676 26.29 0.0219
2026-02-13 2025-12-31 13F BLACK HILLS COM 092113109 213,023 66,648 45.53 14,788 64.04 0.0157
2025-11-14 2025-09-30 13F BLACK HILLS COM 092113109 146,375 113,137 340.38 9,015 383.64 0.0091
2025-08-27 2025-06-30 13F/A-1 BLACK HILLS COM 092113109 33,238 -26,901 -44.73 1,865 -48.89 0.0019
2025-08-14 2025-06-30 13F BLACK HILLS COM 092113109 33,238 -26,901 1,865 0.0019
2025-08-27 2025-03-31 13F/A-1 BLACK HILLS COM 092113109 60,139 54,965 1,062.33 3,647 1,107.62 0.0044
2025-05-15 2025-03-31 13F BLACK HILLS COM 092113109 60,139 54,965 3,647 0.0044
2025-02-14 2024-12-31 13F BLACK HILLS COM 092113109 5,174 5,174 303 0.0003
2024-08-14 2024-06-30 13F BLACK HILLS COM 092113109 0 -47,009 -100.00 0 -100.00
2024-05-15 2024-03-31 13F BLACK HILLS COM 092113109 47,009 -24,940 -34.66 2,567 -33.88 0.0044
2024-02-14 2023-12-31 13F BLACK HILLS COM 092113109 71,949 169 0.24 3,882 6.89 0.0073
2023-11-14 2023-09-30 13F BLACK HILLS COM 092113109 71,780 71,780 3,631 0.0090
2023-08-14 2023-06-30 13F BLACK HILLS COM 092113109 0 -17,915 -100.00 0 -100.00
2023-05-15 2023-03-31 13F BLACK HILLS COM 092113109 17,915 17,915 1,130 0.0046
2022-11-14 2022-09-30 13F BLACK HILLS COM 092113109 0 -39,611 -100.00 0 -100.00
2022-08-15 2022-06-30 13F BLACK HILLS COM 092113109 39,611 30,032 313.52 2,882 290.51 0.0160
2022-05-16 2022-03-31 13F BLACK HILLS COM 092113109 9,579 9,579 738 0.0032
2021-08-16 2021-06-30 13F BLACK HILLS COM 092113109 0 -3,782 -100.00 0 -100.00
2021-05-17 2021-03-31 13F BLACK HILLS COM 092113109 3,782 -39,734 -91.31 253 -90.54 0.0015
2021-02-16 2020-12-31 13F BLACK HILLS COM 092113109 43,516 -147,856 -77.26 2,674 -73.88 0.0200
2020-11-16 2020-09-30 13F BLACK HILLS COM 092113109 191,372 48,400 33.85 10,236 26.35 0.1379
2020-08-14 2020-06-30 13F BLACK HILLS COM 092113109 142,972 108,463 314.30 8,101 266.56 0.1310
2020-05-15 2020-03-31 13F BLACK HILLS COM 092113109 34,509 34,509 -75.86 2,210 -72.72 0.0565
2020-02-14 2019-12-31 13F BLACK HILLS COM 092113109 0 -14,448 -100.00 0 -100.00
2019-11-14 2019-09-30 13F BLACK HILLS COM 092113109 14,448 14,448 1,109 0.0099
2019-08-14 2019-06-30 13F BLACK HILLS COM 092113109 0 -71,363 -100.00 0 -100.00
2019-05-15 2019-03-31 13F BLACK HILLS COM 092113109 71,363 71,363 5,286 0.0560
2019-02-14 2018-12-31 13F BLACK HILLS COM 092113109 0 -68,791 -100.00 0 -100.00
2018-11-14 2018-09-30 13F BLACK HILLS COM 092113109 68,791 28,291 69.85 3,996 61.19 0.0478
2018-08-14 2018-06-30 13F BLACK HILLS COM 092113109 40,500 40,500 -41.13 2,479 -37.96 0.0329
2018-05-15 2018-03-31 13F BLACK HILLS COM 092113109 0 -52,860 -100.00 0 -100.00
2018-02-14 2017-12-31 13F BLACK HILLS COM 092113109 52,860 39,874 307.05 3,177 255.37 0.0554
2017-11-14 2017-09-30 13F BLACK HILLS COM 092113109 12,986 12,986 -75.43 894 -71.86 0.0172
2017-02-14 2016-12-31 13F BLACK HILLS COM 092113109 0 -3,576 -100.00 0 -100.00
2016-11-14 2016-09-30 13F BLACK HILLS COM 092113109 3,576 3,576 0.00 219 0.0145
2015-11-16 2015-09-30 13F BLACK HILLS COM 092113109 0 -7,621 -100.00 0 -100.00
2015-08-14 2015-06-30 13F BLACK HILLS COM 092113109 7,621 7,621 333 0.1081
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.