BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM's Holding History (CIK: 0000919079)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 203,337 Value ($000) $14,116 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 254,446 Value ($000) $15,671 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 295,846 Value ($000) $16,597 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 345,900 Value ($000) $20,979 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 347,841 Value ($000) $20,356 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 349,989 Value ($000) $21,391 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 349,584 Value ($000) $19,010 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 355,888 Value ($000) $19,431 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 336,675 Value ($000) $18,164 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 337,417 Value ($000) $17,070 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 330,403 Value ($000) $19,910 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 141,815 Value ($000) $8,949 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 150,418 Value ($000) $10,580 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 148,984 Value ($000) $10,091 Avg Close $64.21 Range $58.14 - $68.58

Q2 2022

Shares 137,712 Value ($000) $10,021 Avg Close $63.81 Range $56.66 - $68.52

Q1 2022

Shares 141,843 Value ($000) $10,925 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 141,843 Value ($000) $10,010 Avg Close $55.40 Range $51.95 - $59.51

Q3 2021

Shares 141,843 Value ($000) $8,902 Avg Close $56.46 Range $51.50 - $60.51

Q2 2021

Shares 140,115 Value ($000) $9,196 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 143,111 Value ($000) $9,556 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 159,432 Value ($000) $9,797 Avg Close $48.27 Range $42.45 - $52.98

Q3 2020

Shares 145,104 Value ($000) $7,762 Avg Close $45.64 Range $41.75 - $49.89

Q2 2020

Shares 140,308 Value ($000) $7,950 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 137,971 Value ($000) $8,834 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 157,829 Value ($000) $12,396 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 141,518 Value ($000) $10,859 Avg Close $60.34 Range $54.21 - $62.80

Q2 2019

Shares 95,089 Value ($000) $7,433 Avg Close $58.01 Range $54.08 - $63.38

Q1 2019

Shares 157,913 Value ($000) $11,697 Avg Close $52.65 Range $46.35 - $57.40

Q4 2018

Shares 147,572 Value ($000) $9,265 Avg Close $47.68 Range $43.15 - $52.00

Q3 2018

Shares 160,472 Value ($000) $9,322 Avg Close $45.23 Range $42.66 - $48.12

Q2 2018

Shares 91,141 Value ($000) $5,579 Avg Close $42.43 Range $39.15 - $46.25

Q1 2018

Shares 88,557 Value ($000) $4,809 Avg Close $39.62 Range $37.38 - $44.38

Q4 2017

Shares 98,011 Value ($000) $5,891 Avg Close $45.46 Range $41.87 - $51.03

Q3 2017

Shares 98,328 Value ($000) $6,772 Avg Close $50.60 Range $48.73 - $51.89

Q2 2017

Shares 88,600 Value ($000) $5,978 Avg Close $49.84 Range $47.18 - $52.32

Q1 2017

Shares 84,500 Value ($000) $5,617 Avg Close $45.51 Range $43.01 - $48.38

Q4 2016

Shares 96,200 Value ($000) $5,901 Avg Close $42.62 Range $38.96 - $45.02

Q3 2016

Shares 105,300 Value ($000) $6,447 Avg Close $43.19 Range $40.45 - $45.62

Q2 2016

Shares 107,800 Value ($000) $6,796 Avg Close $42.44 Range $39.39 - $44.88

Q1 2016

Shares 108,500 Value ($000) $6,524 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 123,300 Value ($000) $5,725 Avg Close $30.44 Range $27.84 - $33.06

Q3 2015

Shares 123,200 Value ($000) $5,093 Avg Close $28.18 Range $25.38 - $32.28

Q2 2015

Shares 125,300 Value ($000) $5,469 Avg Close $32.61 Range $29.70 - $35.86

Q1 2015

Shares 132,103 Value ($000) $6,773 Avg Close $34.02 Range $32.42 - $35.85

Q4 2014

Shares 132,103 Value ($000) $6,773 Avg Close $35.24 Range $31.42 - $38.13

Q3 2014

Shares 132,503 Value ($000) $6,344 Avg Close $35.67 Range $31.93 - $41.13

Q2 2014

Shares 130,903 Value ($000) $8,036 Avg Close $38.31 Range $36.56 - $40.65

Q1 2014

Shares 130,003 Value ($000) $7,469 Avg Close $36.15 Range $33.35 - $38.82

Q4 2013

Shares 123,253 Value ($000) $6,456 Avg Close $33.02 Range $30.45 - $35.53

Q3 2013

Shares 102,885 Value ($000) $5,130 Avg Close $32.70 Range $30.21 - $35.44

Q2 2013

Shares 85,685 Value ($000) $4,177 Avg Close $30.15 Range $27.57 - $32.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	203,337	$14,116	$66.47	$58.20 - $73.32
Q3 2025	254,446	$15,671	$57.38	$54.13 - $60.96
Q2 2025	295,846	$16,597	$56.47	$52.67 - $59.65
Q1 2025	345,900	$20,979	$56.47	$52.15 - $59.45
Q4 2024	347,841	$20,356	$57.33	$53.67 - $62.19
Q3 2024	349,989	$21,391	$54.39	$49.37 - $58.14
Q2 2024	349,584	$19,010	$50.26	$46.53 - $53.93
Q1 2024	355,888	$19,431	$47.73	$44.68 - $50.77
Q4 2023	336,675	$18,164	$46.16	$41.54 - $51.76
Q3 2023	337,417	$17,070	$50.50	$44.92 - $54.81
Q2 2023	330,403	$19,910	$55.83	$52.26 - $58.57
Q1 2023	141,815	$8,949	$57.47	$51.53 - $64.19
Q4 2022	150,418	$10,580	$58.05	$50.78 - $62.96
Q3 2022	148,984	$10,091	$64.21	$58.14 - $68.58
Q2 2022	137,712	$10,021	$63.81	$56.66 - $68.52
Q1 2022	141,843	$10,925	$58.63	$54.02 - $65.73
Q4 2021	141,843	$10,010	$55.40	$51.95 - $59.51
Q3 2021	141,843	$8,902	$56.46	$51.50 - $60.51
Q2 2021	140,115	$9,196	$55.86	$53.24 - $58.36
Q1 2021	143,111	$9,556	$50.63	$47.19 - $55.19
Q4 2020	159,432	$9,797	$48.27	$42.45 - $52.98
Q3 2020	145,104	$7,762	$45.64	$41.75 - $49.89
Q2 2020	140,308	$7,950	$47.91	$41.68 - $55.82
Q1 2020	137,971	$8,834	$59.44	$37.90 - $68.25
Q4 2019	157,829	$12,396	$60.15	$57.52 - $62.11
Q3 2019	141,518	$10,859	$60.34	$54.21 - $62.80
Q2 2019	95,089	$7,433	$58.01	$54.08 - $63.38
Q1 2019	157,913	$11,697	$52.65	$46.35 - $57.40
Q4 2018	147,572	$9,265	$47.68	$43.15 - $52.00
Q3 2018	160,472	$9,322	$45.23	$42.66 - $48.12
Q2 2018	91,141	$5,579	$42.43	$39.15 - $46.25
Q1 2018	88,557	$4,809	$39.62	$37.38 - $44.38
Q4 2017	98,011	$5,891	$45.46	$41.87 - $51.03
Q3 2017	98,328	$6,772	$50.60	$48.73 - $51.89
Q2 2017	88,600	$5,978	$49.84	$47.18 - $52.32
Q1 2017	84,500	$5,617	$45.51	$43.01 - $48.38
Q4 2016	96,200	$5,901	$42.62	$38.96 - $45.02
Q3 2016	105,300	$6,447	$43.19	$40.45 - $45.62
Q2 2016	107,800	$6,796	$42.44	$39.39 - $44.88
Q1 2016	108,500	$6,524	$37.32	$31.07 - $42.88
Q4 2015	123,300	$5,725	$30.44	$27.84 - $33.06
Q3 2015	123,200	$5,093	$28.18	$25.38 - $32.28
Q2 2015	125,300	$5,469	$32.61	$29.70 - $35.86
Q1 2015	132,103	$6,773	$34.02	$32.42 - $35.85
Q4 2014	132,103	$6,773	$35.24	$31.42 - $38.13
Q3 2014	132,503	$6,344	$35.67	$31.93 - $41.13
Q2 2014	130,903	$8,036	$38.31	$36.56 - $40.65
Q1 2014	130,003	$7,469	$36.15	$33.35 - $38.82
Q4 2013	123,253	$6,456	$33.02	$30.45 - $35.53
Q3 2013	102,885	$5,130	$32.70	$30.21 - $35.44
Q2 2013	85,685	$4,177	$30.15	$27.57 - $32.51