Black Hills Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:BHI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
30 May 24	Sell€156,486	Rebecca Roberts	Individual		3,094	€50.67

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BHI?
Owner Type	Number of Shares	Ownership Percentage
State or Government	46,567	0.0651%
Individual Insiders	380,368	0.531%
General Public	9,572,091	13.4%
Institutions	61,574,209	86%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.

Top Shareholders

Top 25 shareholders own 62.48% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.4%	BlackRock, Inc.	11,046,967	€682.2m	1.8%	0.01%
12%	The Vanguard Group, Inc.	8,564,433	€528.9m	2.02%	0.01%
5.05%	State Street Global Advisors, Inc.	3,612,105	€223.1m	-1.82%	0.01%
3.39%	Macquarie Investment Management Business Trust	2,425,860	€149.8m	-1.17%	0.17%
2.32%	Geode Capital Management, LLC	1,663,157	€102.7m	2.08%	0.01%
2.31%	Fuller & Thaler Asset Management, Inc.	1,651,420	€102.0m	4.4%	0.39%
2.2%	Zimmer Partners, LP	1,576,795	€97.4m	0%	1.75%
2.12%	Capital Research and Management Company	1,518,129	€93.8m	2.14%	no data
1.66%	Charles Schwab Investment Management, Inc.	1,186,284	€73.3m	-0.04%	0.01%
1.59%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	1,136,371	€70.2m	16.1%	0.02%
1.44%	AQR Capital Management, LLC	1,028,356	€63.5m	-10.2%	0.09%
1.4%	Dimensional Fund Advisors LP	1,000,135	€61.8m	2.21%	0.01%
1.27%	Northern Trust Global Investments	910,869	€56.3m	12.6%	0.01%
1.21%	Franklin Resources, Inc.	864,359	€53.4m	110%	0.02%
1.16%	BNY Asset Management	831,472	€51.3m	-11.7%	0.01%
1.09%	Massachusetts Financial Services Company	781,238	€48.2m	-2.74%	0.01%
0.97%	Invesco Capital Management LLC	697,665	€43.1m	1.38%	0.02%
0.95%	ProShare Advisors LLC	678,788	€41.9m	-3.61%	0.1%
0.91%	GAMCO Investors, Inc.	648,521	€40.1m	-0.08%	0.16%
0.75%	PGIM, Inc.	536,531	€33.1m	11.5%	0.04%
0.7%	Barclays PLC Private Banking & Investment Banking Investment	500,826	€30.9m	4.53%	0.02%
0.65%	Jupiter Fund Management Plc	468,131	€28.9m	-3.1%	0.08%
0.65%	Morgan Stanley, Investment Banking and Brokerage Investments	466,474	€28.8m	0.68%	no data
0.65%	Victory Capital Management Inc.	462,401	€28.6m	-3.95%	0.03%
0.64%	Goldman Sachs Asset Management, L.P.	460,395	€28.4m	7.83%	0.01%