Black Hills Corp
243 hedge funds and large institutions have $3.36B invested in Black Hills Corp in 2017 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 87 increasing their positions, 85 reducing their positions, and 16 closing their positions.
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
13% more capital invested
Capital invested by funds: $2.97B → $3.36B (+$393M)
3.63% more ownership
Funds ownership: 90.96% → 94.59% (+3.6%)
2% more funds holding
Funds holding: 238 → 243 (+5)
2% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 85
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
94% less call options, than puts
Call options by funds: $1.42M | Put options by funds: $22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$513M |
| 2 |
Goldman Sachs
New York
|
+$63.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$23.8M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$17.8M |
| 2 |
Millennium Management
New York
|
-$11.5M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$9.49M |
| 4 |
BC
Blackstart Capital
New York
|
-$8.21M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSS
251
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$471K | -7,674 | Closed |
|
|
BUB
252
BBVA USA Bancshares
Houston,
Texas
| – | -$203K | -3,322 | Closed |
|
|
CG
253
Cutler Group
San Francisco,
California
| – | -$96.7K | -1,529 | -100% |
|
|
TRCT
254
Tower Research Capital (TRC)
New York
| – | -$89K | -1,438 | Closed |
|
255
Nomura Asset Management
Tokyo,
Japan
| – | -$25K | -400 | Closed |
|
256
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$24K | -387 | Closed |
|
|
ECM
257
Elgethun Capital Management
Sioux Falls,
South Dakota
| – | -$18K | -300 | Closed |
|
|
PFS
258
Physicians Financial Services
Raleigh,
North Carolina
| – | -$10K | -161 | Closed |
|
|
JIC
259
Joel Isaacson & Co
New York
| – | -$1K | -16 | Closed |
|
|
WT
260
Whittier Trust
South Pasadena,
California
| – | +$443 | +7 | New |
|
BKH Hedge Fund Activity: Q1 2017 in Review
243 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Black Hills Corp (BKH) for Q1 2017, worth a combined $3.36B — up 13% from $2.97B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BKH positions and 16 closed out — a net gain of 12 holders — while 87 added to existing stakes and 85 trimmed.
The largest buyer was BlackRock, adding an estimated $513M. The largest seller was Systematic Financial Management, cutting an estimated $17.8M.
- 243 institutional investors held Black Hills Corp (BKH) as of Q1 2017, up from 238 in Q4 2016.
- Funds reported $3.36B of Black Hills Corp stock for Q1 2017, up 13% quarter-over-quarter.
- 28 funds opened new Black Hills Corp positions in Q1 2017 and 16 closed out, a net change of +12 holders.
- The largest Black Hills Corp buyer in Q1 2017 was BlackRock, an estimated $513M added.
- The largest Black Hills Corp seller in Q1 2017 was Systematic Financial Management, an estimated $17.8M sold.
Based on aggregated 13F filings for Q1 2017.