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BLACK HILLS CORP
BLACK HILLS CORP. Institutional holdings reported to the SEC.

Institutional Holders (2017Q1)
Portfolio Summary: 256 Institutional holders with a total value of $3,386,369,146.
#
Manager Name
Shares
Value ($)
%
Options
Notes
201 Phocas Financial Corp. 108,578 7,217,000 0.21% SH
202 BNP Paribas Asset Management Holding S.A. 113,494 7,544,000 0.22%
203 WELLS FARGO & COMPANY/MN 115,283 7,662,000 0.23%
204 RHUMBLINE ADVISERS 120,468 8,008,000 0.24%
205 MAIRS & POWER INC 133,770 8,892,000 0.26%
206 NEW YORK STATE COMMON RETIREMENT FUND 134,007 8,907,000 0.26%
207 AMERICAN INTERNATIONAL GROUP, INC. 136,550 9,076,000 0.27%
208 TIAA CREF INVESTMENT MANAGEMENT LLC 139,779 9,291,000 0.27%
209 SYSTEMATIC FINANCIAL MANAGEMENT LP 154,837 10,292,000 0.30%
210 Nationwide Fund Advisors 156,788 10,422,000 0.31%
211 STATE OF WISCONSIN INVESTMENT BOARD 170,406 11,327,000 0.33%
212 Legal & General Group Plc 185,416 12,317,000 0.36%
213 CHARTWELL INVESTMENT PARTNERS, LLC 188,092 12,502,000 0.37%
214 GUGGENHEIM CAPITAL LLC 213,927 14,221,000 0.42%
215 PRINCIPAL FINANCIAL GROUP INC 215,440 14,320,000 0.42%
216 Hillcrest Asset Management LLC 220,825 14,678,000 0.43%
217 MORGAN STANLEY 243,868 16,210,000 0.48%
218 ProShare Advisors LLC 272,184 18,092,000 0.53%
219 KENNEDY CAPITAL MANAGEMENT LLC 278,198 18,492,000 0.55%
220 FIRST TRUST ADVISORS LP 287,779 19,129,000 0.56%
221 DEUTSCHE BANK AG\ 294,851 19,596,000 0.58%
222 PRICE T ROWE ASSOCIATES INC /MD/ 315,917 20,999,000 0.62%
223 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 319,398 21,231,000 0.63%
224 STRS OHIO 340,900 22,659,000 0.67%
225 PANAGORA ASSET MANAGEMENT INC 366,864 24,385,000 0.72%
226 Neuberger Berman Group LLC 381,987 25,391,000 0.75%
227 VOYA INVESTMENT MANAGEMENT LLC 383,808 25,512,000 0.75%
228 AMERIPRISE FINANCIAL INC 383,780 25,512,000 0.75%
229 GAMCO INVESTORS, INC. ET AL 410,926 27,314,000 0.81%
230 GEODE CAPITAL MANAGEMENT, LLC 412,080 27,390,000 0.81%
231 ROTHSCHILD & CO ASSET MANAGEMENT US INC. 414,570 27,556,000 0.81%
232 Allianz Asset Management GmbH 421,100 27,991,000 0.83%
233 CITADEL ADVISORS LLC 475,493 31,606,000 0.93%
234 FRANKLIN RESOURCES INC 500,000 33,235,000 0.98%
235 RENAISSANCE TECHNOLOGIES LLC 530,300 35,249,000 1.04%
236 KEELEY-TETON ADVISORS, LLC 538,224 35,776,000 1.06%
237 Epoch Investment Partners, Inc. 598,280 39,768,000 1.17%
238 BANK OF AMERICA CORP /DE/ 690,965 45,928,000 1.36%
239 MANUFACTURERS LIFE INSURANCE COMPANY, THE 755,368 50,209,000 1.48%
240 Bank of New York Mellon Corp 810,355 53,865,000 1.59%
241 NORTHERN TRUST CORP 816,353 54,262,000 1.60%
242 MACQUARIE GROUP LTD 818,213 54,387,000 1.61%
243 GABELLI FUNDS LLC 848,500 56,400,000 1.67%
244 Perkins Investment Management, LLC 879,060 58,431,000 1.73%
245 FMR LLC 917,351 60,976,000 1.80%
246 DIMENSIONAL FUND ADVISORS LP 970,853 64,531,000 1.91%
247 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1,068,185 71,002,000 2.10%
248 CRAMER ROSENTHAL MCGLYNN LLC 1,089,391 72,412,000 2.14%
249 VICTORY CAPITAL MANAGEMENT INC 1,258,123 83,628,000 2.47%
250 ADAGE CAPITAL PARTNERS GP, L.L.C. 1,310,210 87,090,000 2.57%
Page 5 of 6

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.