BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

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

Q4 2025

Shares 55,431 Value ($000) $3,848 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 52,679 Value ($000) $3,245 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 150,336 Value ($000) $8,434 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 157,625 Value ($000) $9,560 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 180,254 Value ($000) $10,548 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 197,113 Value ($000) $12,048 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 27,471 Value ($000) $1,494 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 317,851 Value ($000) $17,355 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 112,598 Value ($000) $6,075 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 28,804 Value ($000) $1,457 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 25,912 Value ($000) $1,561 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 41,324 Value ($000) $2,608 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 51,683 Value ($000) $3,635 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 30,157 Value ($000) $2,042 Avg Close $64.21 Range $58.14 - $68.58

Q2 2022

Shares 36,249 Value ($000) $2,638 Avg Close $63.81 Range $56.66 - $68.52

Q1 2022

Shares 40,774 Value ($000) $3,139 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 66,576 Value ($000) $4,698 Avg Close $55.40 Range $51.95 - $59.51

Q3 2021

Shares 44,413 Value ($000) $2,787 Avg Close $56.46 Range $51.50 - $60.51

Q2 2021

Shares 45,325 Value ($000) $2,976 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 48,262 Value ($000) $3,222 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 51,697 Value ($000) $3,177 Avg Close $48.27 Range $42.45 - $52.98

Q3 2020

Shares 39,100 Value ($000) $2,092 Avg Close $45.64 Range $41.75 - $49.89

Q2 2020

Shares 93,349 Value ($000) $5,289 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 37,055 Value ($000) $2,373 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 27,525 Value ($000) $2,160 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 23,018 Value ($000) $1,763 Avg Close $60.34 Range $54.21 - $62.80

Q2 2019

Shares 64,350 Value ($000) $5,027 Avg Close $58.01 Range $54.08 - $63.38

Q1 2019

Shares 32,977 Value ($000) $2,438 Avg Close $52.65 Range $46.35 - $57.40

Q4 2018

Shares 207,694 Value ($000) $13,035 Avg Close $47.68 Range $43.15 - $52.00

Q3 2018

Shares 213,348 Value ($000) $12,390 Avg Close $45.23 Range $42.66 - $48.12

Q2 2018

Shares 189,440 Value ($000) $11,593 Avg Close $42.43 Range $39.15 - $46.25

Q1 2018

Shares 75,947 Value ($000) $4,122 Avg Close $39.62 Range $37.38 - $44.38

Q4 2017

Shares 189,479 Value ($000) $11,388 Avg Close $45.46 Range $41.87 - $51.03

Q3 2017

Shares 285,573 Value ($000) $19,665 Avg Close $50.60 Range $48.73 - $51.89

Q2 2017

Shares 354,435 Value ($000) $23,910 Avg Close $49.84 Range $47.18 - $52.32

Q1 2017

Shares 294,851 Value ($000) $19,596 Avg Close $45.51 Range $43.01 - $48.38

Q4 2016

Shares 316,960 Value ($000) $19,440 Avg Close $42.62 Range $38.96 - $45.02

Q3 2016

Shares 166,886 Value ($000) $10,215 Avg Close $43.19 Range $40.45 - $45.62

Q2 2016

Shares 227,684 Value ($000) $14,350 Avg Close $42.44 Range $39.39 - $44.88

Q1 2016

Shares 156,789 Value ($000) $9,426 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 79,114 Value ($000) $3,670 Avg Close $30.44 Range $27.84 - $33.06

Q3 2015

Shares 121,893 Value ($000) $5,036 Avg Close $28.18 Range $25.38 - $32.28

Q2 2015

Shares 70,019 Value ($000) $3,055 Avg Close $32.61 Range $29.70 - $35.86

Q1 2015

Shares 62,953 Value ($000) $3,174 Avg Close $34.02 Range $32.42 - $35.85

Q4 2014

Shares 803,948 Value ($000) $42,640 Avg Close $35.24 Range $31.42 - $38.13

Q3 2014

Shares 1,020,293 Value ($000) $48,850 Avg Close $35.67 Range $31.93 - $41.13

Q2 2014

Shares 916,450 Value ($000) $56,259 Avg Close $38.31 Range $36.56 - $40.65

Q1 2014

Shares 800,494 Value ($000) $46,148 Avg Close $36.15 Range $33.35 - $38.82

Q4 2013

Shares 322,694 Value ($000) $16,944 Avg Close $33.02 Range $30.45 - $35.53

Q3 2013

Shares 121,313 Value ($000) $6,047 Avg Close $32.70 Range $30.21 - $35.44

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	55,431	$3,848	$66.47	$58.20 - $73.32
Q3 2025	52,679	$3,245	$57.38	$54.13 - $60.96
Q2 2025	150,336	$8,434	$56.47	$52.67 - $59.65
Q1 2025	157,625	$9,560	$56.47	$52.15 - $59.45
Q4 2024	180,254	$10,548	$57.33	$53.67 - $62.19
Q3 2024	197,113	$12,048	$54.39	$49.37 - $58.14
Q2 2024	27,471	$1,494	$50.26	$46.53 - $53.93
Q1 2024	317,851	$17,355	$47.73	$44.68 - $50.77
Q4 2023	112,598	$6,075	$46.16	$41.54 - $51.76
Q3 2023	28,804	$1,457	$50.50	$44.92 - $54.81
Q2 2023	25,912	$1,561	$55.83	$52.26 - $58.57
Q1 2023	41,324	$2,608	$57.47	$51.53 - $64.19
Q4 2022	51,683	$3,635	$58.05	$50.78 - $62.96
Q3 2022	30,157	$2,042	$64.21	$58.14 - $68.58
Q2 2022	36,249	$2,638	$63.81	$56.66 - $68.52
Q1 2022	40,774	$3,139	$58.63	$54.02 - $65.73
Q4 2021	66,576	$4,698	$55.40	$51.95 - $59.51
Q3 2021	44,413	$2,787	$56.46	$51.50 - $60.51
Q2 2021	45,325	$2,976	$55.86	$53.24 - $58.36
Q1 2021	48,262	$3,222	$50.63	$47.19 - $55.19
Q4 2020	51,697	$3,177	$48.27	$42.45 - $52.98
Q3 2020	39,100	$2,092	$45.64	$41.75 - $49.89
Q2 2020	93,349	$5,289	$47.91	$41.68 - $55.82
Q1 2020	37,055	$2,373	$59.44	$37.90 - $68.25
Q4 2019	27,525	$2,160	$60.15	$57.52 - $62.11
Q3 2019	23,018	$1,763	$60.34	$54.21 - $62.80
Q2 2019	64,350	$5,027	$58.01	$54.08 - $63.38
Q1 2019	32,977	$2,438	$52.65	$46.35 - $57.40
Q4 2018	207,694	$13,035	$47.68	$43.15 - $52.00
Q3 2018	213,348	$12,390	$45.23	$42.66 - $48.12
Q2 2018	189,440	$11,593	$42.43	$39.15 - $46.25
Q1 2018	75,947	$4,122	$39.62	$37.38 - $44.38
Q4 2017	189,479	$11,388	$45.46	$41.87 - $51.03
Q3 2017	285,573	$19,665	$50.60	$48.73 - $51.89
Q2 2017	354,435	$23,910	$49.84	$47.18 - $52.32
Q1 2017	294,851	$19,596	$45.51	$43.01 - $48.38
Q4 2016	316,960	$19,440	$42.62	$38.96 - $45.02
Q3 2016	166,886	$10,215	$43.19	$40.45 - $45.62
Q2 2016	227,684	$14,350	$42.44	$39.39 - $44.88
Q1 2016	156,789	$9,426	$37.32	$31.07 - $42.88
Q4 2015	79,114	$3,670	$30.44	$27.84 - $33.06
Q3 2015	121,893	$5,036	$28.18	$25.38 - $32.28
Q2 2015	70,019	$3,055	$32.61	$29.70 - $35.86
Q1 2015	62,953	$3,174	$34.02	$32.42 - $35.85
Q4 2014	803,948	$42,640	$35.24	$31.42 - $38.13
Q3 2014	1,020,293	$48,850	$35.67	$31.93 - $41.13
Q2 2014	916,450	$56,259	$38.31	$36.56 - $40.65
Q1 2014	800,494	$46,148	$36.15	$33.35 - $38.82
Q4 2013	322,694	$16,944	$33.02	$30.45 - $35.53
Q3 2013	121,313	$6,047	$32.70	$30.21 - $35.44