Free · no sign-up · Q2 2026

Which funds own BKH

Black Hills Corp in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $199m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 3; at least, of 91 current
Combined value: $199m; as reported
Opened: 0; new this quarter
Added to: 1; already held
Trimmed or sold out: 2; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Point72 Asset Management LP Multi-strategy · $90.7bn book	$161m	0.2%	2,161,197	+$26m+217,982	Added
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$23m	0.1%	302,329	-$4.8m-90,492	Trimmed
GAMCO Investors Inc Activist · $11.1bn book	$15m	0.1%	206,488	+$1.0m-839	Trimmed

Ownership through time

At least 11 of the 95 managers whose filings are on file listed BKH in Q2 2026, against 2 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position; 1 listed it again; 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Winton Group Ltd$2.3m

Largest increases, by shares

AQR Capital Management LLC1,595,595 to 2,232,003 shares+$47m
Point72 Asset Management LP1,943,215 to 2,161,197 shares+$16m
First Eagle Investment Management LLC128,770 to 177,990 shares+$3.7m
Winton Group Ltdnew: 31,480 shares+$2.3m
Hudson Bay Capital Management LP73,901 to 85,101 shares+$833k

Largest decreases, by shares

Two Sigma Investments LP2,216,003 to 1,663,178 shares-$41m
Capital Research Global Investors2,275,922 to 1,825,961 shares-$33m
Freestone Grove Partners LP392,821 to 302,329 shares-$6.7m
GAMCO Investors Inc207,327 to 206,488 shares-$62k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
AQR Capital Management LLC	Q1 2023	$166m	$166m
Point72 Asset Management LP	Q2 2016	$161m	$161m
Capital Research Global Investors	Q1 2022	$175m	$136m
Two Sigma Investments LP	Q1 2016	$154m	$124m
Freestone Grove Partners LP	Q3 2025	$27m	$22m
GAMCO Investors Inc	Q2 2013	$39m	$15m
First Eagle Investment Management LLC	Q2 2023	$20m	$13m
Verition Fund Management LLC	Q3 2014	$17m	$7.8m
Voloridge Investment Management LLC	Q1 2018	$15m	$6.6m
Hudson Bay Capital Management LP	Q1 2022	$7.3m	$6.3m
Winton Group Ltd	Q2 2014	$2.5m	$2.3m
Wellington Management Group LLP	Q1 2017	$242m	last listed Q3 2022
Renaissance Technologies LLC	Q1 2016	$112m	last listed Q3 2020
Capital World Investors	Q2 2021	$110m	last listed Q1 2022
AllianceBernstein LP	Q3 2017	$104m	last listed Q2 2020
Janus Henderson Group Ltd	Q2 2017	$88m	last listed Q2 2024
Millennium Management LLC	Q4 2015	$88m	last listed Q2 2020
MFS Investment Management	Q1 2018	$86m	last listed Q3 2024
Two Sigma Advisers LP	Q4 2025	$68m	last listed Q4 2025
Neuberger Berman Group LLC	Q1 2016	$49m	last listed Q3 2016
Balyasny Asset Management LLC	Q2 2018	$41m	last listed Q3 2025

What BKH is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BKH →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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The holdings, every quarter, and the week between

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