L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 6 listed it in both
Shares listed
11,554,748
combined, among listed positions
Reported value
$802m
combined, at the quarter end

Among the 92 comparable managers: 20 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +2,659,391.

Managers listing BKH in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

28 of 28 holders

ActionFiling
Capital Research Global Investors2,275,922$158munder 0.1%Added+634,80011 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,875,221$130m0.15%Added+1,860,56917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,418,384$98m0.05%Added+44,33417 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,176,944$82m0.12%Added+651,29117 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP978,200$68m0.13%Added+861,70217 Feb 2026 (the filing on sec.gov)
Invesco Ltd609,706$42munder 0.1%Trimmed-208,64219 Feb 2026 (the filing on sec.gov)
Millennium Management LLC574,943$40munder 0.1%Added+456,19317 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd398,420$28munder 0.1%Trimmed-54,97917 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP309,141$21munder 0.1%Added+170,68117 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP266,005$18m0.13%Added+117,59317 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC251,435$17m0.07%Added+133,83213 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC240,551$17munder 0.1%Trimmed-685,19812 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC213,023$15munder 0.1%Added+66,64813 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc207,132$14m0.14%Trimmed-2965 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC126,670$8.8munder 0.1%Added+3,0004 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC100,668$7.0munder 0.1%Trimmed-439,13317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP91,853$6.4munder 0.1%Added+58,50813 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP82,350$5.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc72,465$5.0munder 0.1%Added+3,74217 Feb 2026 (the filing on sec.gov)
Man Group PLC72,164$5.0munder 0.1%Added+53,26217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.50,920$3.5munder 0.1%Trimmed-74,85117 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP40,638$2.8munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC32,591$2.3munder 0.1%Added+10,61517 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC23,181$1.6munder 0.1%Trimmed-61,90617 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)22,744$1.6munder 0.1%Trimmed-125,58317 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
5 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BKH by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$35mn.a.n.a.
Q3 20132$38mn.a.n.a.
Q4 20133$48mn.a.n.a.
Q1 20142$52mn.a.n.a.
Q2 20143$54mn.a.n.a.
Q3 20144$44mn.a.n.a.
Q4 20144$39mn.a.n.a.
Q1 20151$27mn.a.n.a.
Q2 20153$23mn.a.n.a.
Q3 20152$22mn.a.n.a.
Q4 20154$117mn.a.n.a.
Q1 20166$183mn.a.n.a.
Q2 20166$213mn.a.n.a.
Q3 20164$151mn.a.n.a.
Q4 20161$26mn.a.n.a.
Q1 20173$191mn.a.n.a.
Q2 20176$315mn.a.n.a.
Q3 20176$391mn.a.n.a.
Q4 20176$299mn.a.n.a.
Q1 20187$314mn.a.n.a.
Q2 20188$363mn.a.n.a.
Q3 20187$307mn.a.n.a.
Q4 20189$404mn.a.n.a.
Q1 201913$560mn.a.n.a.
Q2 20199$586mn.a.n.a.
Q3 201910$623mn.a.n.a.
Q4 201910$628mn.a.n.a.
Q1 20208$522mn.a.n.a.
Q2 202014$468mn.a.n.a.
Q3 202010$315mn.a.n.a.
Q4 20204$300mn.a.n.a.
Q1 20216$322mn.a.n.a.
Q2 20214$242mn.a.n.a.
Q3 20214$175mn.a.n.a.
Q4 20215$273mn.a.n.a.
Q1 20229$482mn.a.n.a.
Q2 20229$366mn.a.n.a.
Q3 20228$378mn.a.n.a.
Q4 20225$276mn.a.n.a.
Q1 20238$290mn.a.n.a.
Q2 20237$306mn.a.n.a.
Q3 202310$329mn.a.n.a.
Q4 202311$369m75
Q1 20249$232m44
Q2 20248$271m34
Q3 20245$235m22
Q4 20244$184m12
Q1 20255$192m41
Q2 20253$112m12
Q3 20257$289m42
Q4 20259$595m2011
Q1 202610$624m1910
Q2 202611$661m1614

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BKH and SO →BKH and D →BKH and NEE →Choose a stock to compare with BKH →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BKH, latest filings →Back to the 13F Explorer →