Black Hills Corp: which funds bought and sold
Institutions that bought and sold Black Hills shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 257 institutions that filed 13F reports for both quarters added to or opened positions in Black Hills, and 184 cut or closed them. Together they added a net 2.2M shares, +2.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 130K shares (+0.7%); index fund managers were net buyers of 869K shares (+3.0%). 55 opened a new position and 51 sold out entirely.
Bought, Q2 2026 257 institutions, 55 of them new holders Sold, Q2 2026 184 institutions, 51 of them sold out
Net change, all compared +2.2M shares (+2.8%)
Net change, active managers +130K shares (+0.7%), 27 bought, 25 sold
Buyers versus sellers
257 bought 82 184 sold
Active managers and hedge funds 27 bought · 25 sold · +130K
Index fund managers 9 bought · 2 sold · +869K
Other institutions 221 bought · 157 sold · +1.2M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| AQR Capital Management LLC Hedge fund | +636K +39.9% | 2.2M | $166M |
| Merewether Investment Management, LP | +455K New position | 455K | $33.9M |
| Franklin Resources Inc Active manager | +387K +24.5% | 2.0M | $146M |
| Engineers Gate Manager LP Hedge fund | +379K +35.7% | 1.4M | $107M |
| Citadel Advisors LLC Hedge fund | +357K +39.5% | 1.3M | $93.7M |
| Blackrock, Inc. Index funds | +353K +2.9% | 12.5M | $929M |
| Cohen & Steers, Inc. | +340K +26.8% | 1.6M | $120M |
| Morgan Stanley | +306K +37.3% | 1.1M | $83.9M |
| Victory Capital Management Inc Active manager | +254K +37.1% | 939K | $69.9M |
| Pictet Asset Management Holding SA | +242K +40.7% | 835K | $62.1M |
| Eventide Asset Management, LLC | +230K New position | 230K | $17.2M |
| First Eagle Investment Management, LLC Active manager | +227K +176.4% | 356K | $26.5M |
| Point72 Asset Management, L.P. Hedge fund | +218K +11.2% | 2.2M | $161M |
| Yaupon Capital Management LP Hedge fund | +212K +85.9% | 458K | $34.1M |
| State Street Corp Index funds | +199K +5.5% | 3.8M | $284M |
| Verbena Value LP | +179K New position | 179K | $13.3M |
| Renaissance Technologies LLC Hedge fund | +169K +212.9% | 248K | $18.4M |
| Geode Capital Management, LLC Index funds | +137K +6.8% | 2.1M | $159M |
| Ceredex Value Advisors LLC | +135K New position | 135K | $10.1M |
| Invesco Ltd. | +110K +10.3% | 1.2M | $87.1M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| AQR Capital Management LLC Hedge fund | +636K +39.9% | 2.2M | $166M |
| Franklin Resources Inc Active manager | +387K +24.5% | 2.0M | $146M |
| Engineers Gate Manager LP Hedge fund | +379K +35.7% | 1.4M | $107M |
| Citadel Advisors LLC Hedge fund | +357K +39.5% | 1.3M | $93.7M |
| Victory Capital Management Inc Active manager | +254K +37.1% | 939K | $69.9M |
| First Eagle Investment Management, LLC Active manager | +227K +176.4% | 356K | $26.5M |
| Point72 Asset Management, L.P. Hedge fund | +218K +11.2% | 2.2M | $161M |
| Yaupon Capital Management LP Hedge fund | +212K +85.9% | 458K | $34.1M |
| Renaissance Technologies LLC Hedge fund | +169K +212.9% | 248K | $18.4M |
| Congress Asset Management Co Active manager | +108K +96.6% | 220K | $16.3M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Adage Capital Partners Gp, L.L.C. Hedge fund | −885K −42.7% | 1.2M | $88.2M |
| Two Sigma Investments, LP Hedge fund | −553K −24.9% | 1.7M | $124M |
| Zimmer Partners, LP Hedge fund | −548K −73.9% | 194K | $14.4M |
| Capital Research Global Investors Active manager | −450K −19.8% | 1.8M | $136M |
| Bank Of America Corp | −327K −36.4% | 573K | $42.6M |
| Covalis Capital LLP | −271K −15.5% | 1.5M | $110M |
| Think Investments LP | −238K Sold out | 0 | — |
| Nomura Asset Management International Inc. | −182K −6.8% | 2.5M | $186M |
| Jane Street Group, LLC | −176K −97.4% | 4,751 | $353,474 |
| Goldman Sachs Group Inc | −153K −9.7% | 1.4M | $106M |
| Man Group PLC Hedge fund | −106K −86.2% | 17K | $1.3M |
| Freestone Grove Partners LP Hedge fund | −90K −23.0% | 302K | $22.5M |
| Arrowstreet Capital, Limited Partnership Hedge fund | −82K Sold out | 0 | — |
| Edgestream Partners, L.P. Hedge fund | −81K Sold out | 0 | — |
| Squarepoint Ops LLC Hedge fund | −78K −29.2% | 191K | $14.2M |
| Quantbot Technologies LP Hedge fund | −62K −82.9% | 13K | $947,930 |
| Ontario Teachers Pension Plan Board | −51K Sold out | 0 | — |
| Summittx Capital, L.P. | −50K −85.2% | 8,734 | $649,810 |
| Susquehanna International Group, LLP | −50K −86.0% | 8,089 | $601,822 |
| Allianz Asset Management Gmbh | −45K Sold out | 0 | — |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Adage Capital Partners Gp, L.L.C. Hedge fund | −885K −42.7% | 1.2M | $88.2M |
| Two Sigma Investments, LP Hedge fund | −553K −24.9% | 1.7M | $124M |
| Zimmer Partners, LP Hedge fund | −548K −73.9% | 194K | $14.4M |
| Capital Research Global Investors Active manager | −450K −19.8% | 1.8M | $136M |
| Man Group PLC Hedge fund | −106K −86.2% | 17K | $1.3M |
| Freestone Grove Partners LP Hedge fund | −90K −23.0% | 302K | $22.5M |
| Arrowstreet Capital, Limited Partnership Hedge fund | −82K Sold out | 0 | — |
| Edgestream Partners, L.P. Hedge fund | −81K Sold out | 0 | — |
| Squarepoint Ops LLC Hedge fund | −78K −29.2% | 191K | $14.2M |
| Quantbot Technologies LP Hedge fund | −62K −82.9% | 13K | $947,930 |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Merewether Investment Management, LP | 455K | $33.9M |
| Eventide Asset Management, LLC | 230K | $17.2M |
| Verbena Value LP | 179K | $13.3M |
| Ceredex Value Advisors LLC | 135K | $10.1M |
| Sagefield Capital LP | 77K | $5.7M |
| Qube Research & Technologies LtdHedge fund | 54K | $4M |
| Hendley & Co Inc | 42K | $3.1M |
| Winton Group LtdHedge fund | 31K | $2.3M |
| Dockside LLC | 21K | $1.6M |
| Occudo Quantitative Strategies LP | 16K | $1.2M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Think Investments LP | 238K | $16.5M |
| Arrowstreet Capital, Limited PartnershipHedge fund | 82K | $5.7M |
| Edgestream Partners, L.P.Hedge fund | 81K | $5.7M |
| Ontario Teachers Pension Plan Board | 51K | $3.5M |
| Allianz Asset Management Gmbh | 45K | $3.1M |
| Banque Pictet & Cie SA | 32K | $2.3M |
| Dynamic Technology Lab Private Ltd | 32K | $2.2M |
| Gsa Capital Partners LLP | 31K | $2.2M |
| Dark Forest Capital Management LP | 30K | $2.1M |
| Elo Mutual Pension Insurance Co | 27K | $1.9M |
Who holds the shares
- Institutions reporting
- 475
- Ten largest holders
- 48.0% of 13F-reported shares
- Index fund managers
- 38.7% of 13F-reported shares
- Active managers and hedge funds
- 24.8% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 27 | 25 | 4 | 5 | +130K | +0.7% |
| Index fund managers | 9 | 2 | 0 | 0 | +869K | +3.0% |
| Other institutions | 221 | 157 | 51 | 46 | +1.2M | +4.3% |