Black Hills Corp
471 hedge funds and large institutions have $5.31B invested in Black Hills Corp in 2026 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 184 increasing their positions, 139 reducing their positions, and 43 closing their positions.
336% more call options, than puts
Call options by funds: $57.7M | Put options by funds: $13.2M
51% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 43
32% more repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 139
6% more capital invested
Capital invested by funds: $5.02B → $5.31B (+$290M)
3% more funds holding
Funds holding: 458 → 471 (+13)
1.06% more ownership
Funds ownership: 99.55% → 100.61% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$74.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$57.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$53.5M |
| 4 |
Goldman Sachs
New York
|
+$44.4M |
| 5 |
Pictet Asset Management
Carouge,
Switzerland
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$38.8M |
| 2 |
CC
Covalis Capital
London,
United Kingdom
|
-$21.9M |
| 3 |
TI
Think Investments
San Francisco,
California
|
-$21.6M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$18.5M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$12.4M |
BKH Hedge Fund Activity: Q1 2026 in Review
471 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Black Hills Corp (BKH) for Q1 2026, worth a combined $5.31B — up 5.8% from $5.02B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new BKH positions and 43 closed out — a net gain of 22 holders — while 184 added to existing stakes and 139 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $74.8M. The largest seller was Millennium Management, cutting an estimated $38.8M.
- 471 institutional investors held Black Hills Corp (BKH) as of Q1 2026, up from 458 in Q4 2025.
- Funds reported $5.31B of Black Hills Corp stock for Q1 2026, up 5.8% quarter-over-quarter.
- 65 funds opened new Black Hills Corp positions in Q1 2026 and 43 closed out, a net change of +22 holders.
- The largest Black Hills Corp buyer in Q1 2026 was Two Sigma Investments, an estimated $74.8M added.
- The largest Black Hills Corp seller in Q1 2026 was Millennium Management, an estimated $38.8M sold.
Based on aggregated 13F filings for Q1 2026.