Black Hills Corp
412 hedge funds and large institutions have $3.42B invested in Black Hills Corp in 2025 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 173 increasing their positions, 125 reducing their positions, and 47 closing their positions.
93% more call options, than puts
Call options by funds: $2.81M | Put options by funds: $1.45M
38% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 125
9% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 47
0% more funds holding
Funds holding: 412 → 412 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.59% less ownership
Funds ownership: 85.06% → 84.47% (-0.59%)
8% less capital invested
Capital invested by funds: $3.71B → $3.42B (-$290M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$22.8M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$15M |
| 3 |
SG Americas Securities
New York
|
+$11.5M |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$11.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$74.4M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$13M |
| 3 |
Goldman Sachs
New York
|
-$10.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$8.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.96M |
BKH Hedge Fund Activity: Q2 2025 in Review
412 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Black Hills Corp (BKH) for Q2 2025, worth a combined $3.42B — down 7.8% from $3.71B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new BKH positions and 47 closed out — a net gain of 4 holders — while 173 added to existing stakes and 125 trimmed.
The largest buyer was Franklin Resources, adding an estimated $22.8M. The largest seller was Zimmer Partners, cutting an estimated $74.4M.
- 412 institutional investors held Black Hills Corp (BKH) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $3.42B of Black Hills Corp stock for Q2 2025, down 7.8% quarter-over-quarter.
- 51 funds opened new Black Hills Corp positions in Q2 2025 and 47 closed out, a net change of +4 holders.
- The largest Black Hills Corp buyer in Q2 2025 was Franklin Resources, an estimated $22.8M added.
- The largest Black Hills Corp seller in Q2 2025 was Zimmer Partners, an estimated $74.4M sold.
Based on aggregated 13F filings for Q2 2025.