Black Hills CORP (BKH) 13F Filings: Institutional Buyers & Sellers (Q2 2026)

BKH ranks #1251 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

BKH is a top-conviction position for Covalis Capital LLP — at 6.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in BKH belongs to BlackRock, Inc., but the position matters far more to Covalis Capital LLP, who has 6.2% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Franklin Resources Inc has added to its BKH position for two straight quarters, increasing it by $88.3M to reach $146.1M today.

Covalis Capital LLP has trimmed its BKH position for two straight quarters, cutting it by $32.6M while still holding $110.2M.

BKH is up 0.3% today, and institutions have been net buyers of $739.0M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

BKH posted net income of $299.1M over the trailing twelve months, and currently trades at a P/E of 17.8.

• Profitable — net income of $299.1M over the trailing twelve months
• Revenue grew 1.5% year over year
• Net income improved year over year, from $284.3M to $299.1M
• Generated $673.4M in positive operating cash flow
• Current ratio of 1.35x — below the conventional 1.5x liquidity buffer
• Liabilities run 2.84x equity — a highly leveraged balance sheet worth noting