BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

ICON ADVISERS INC/CO's Holding History (CIK: 0001058470)

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

Q4 2025

Shares 12,237 Value ($000) $849 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 12,237 Value ($000) $754 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 12,237 Value ($000) $686 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 15,200 Value ($000) $922 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 15,200 Value ($000) $890 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 15,200 Value ($000) $929 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 15,200 Value ($000) $822 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 15,200 Value ($000) $818 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 15,200 Value ($000) $820 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 24,600 Value ($000) $1,245 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 24,600 Value ($000) $1,482 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 24,600 Value ($000) $1,552 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 24,600 Value ($000) $1,730 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 26,600 Value ($000) $1,802 Avg Close $64.21 Range $58.14 - $68.58

Q2 2022

Shares 26,600 Value ($000) $1,936 Avg Close $63.81 Range $56.66 - $68.52

Q1 2022

Shares 26,600 Value ($000) $2,049 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 17,400 Value ($000) $1,228 Avg Close $55.40 Range $51.95 - $59.51

Q3 2021

Shares 17,400 Value ($000) $1,092 Avg Close $56.46 Range $51.50 - $60.51

Q2 2021

Shares 15,600 Value ($000) $1,024 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 15,600 Value ($000) $1,042 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 15,600 Value ($000) $959 Avg Close $48.27 Range $42.45 - $52.98

Q3 2020

Shares 15,600 Value ($000) $834 Avg Close $45.64 Range $41.75 - $49.89

Q2 2020

Shares 15,600 Value ($000) $884 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 15,600 Value ($000) $999 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 15,600 Value ($000) $1,225 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 15,600 Value ($000) $1,197 Avg Close $60.34 Range $54.21 - $62.80

Q1 2019

Shares 14,000 Value ($000) $1,037 Avg Close $52.65 Range $46.35 - $57.40

Q4 2018

Shares 14,000 Value ($000) $879 Avg Close $47.68 Range $43.15 - $52.00

Q4 2016

Shares 14,400 Value ($000) $883 Avg Close $42.62 Range $38.96 - $45.02

Q3 2016

Shares 14,400 Value ($000) $882 Avg Close $43.19 Range $40.45 - $45.62

Q2 2016

Shares 24,100 Value ($000) $1,519 Avg Close $42.44 Range $39.39 - $44.88

Q1 2016

Shares 13,300 Value ($000) $800 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 40,100 Value ($000) $1,862 Avg Close $30.44 Range $27.84 - $33.06

Q3 2015

Shares 198,700 Value ($000) $8,214 Avg Close $28.18 Range $25.38 - $32.28

Q2 2015

Shares 162,600 Value ($000) $7,097 Avg Close $32.61 Range $29.70 - $35.86

Q1 2015

Shares 124,000 Value ($000) $6,255 Avg Close $34.02 Range $32.42 - $35.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,237	$849	$66.47	$58.20 - $73.32
Q3 2025	12,237	$754	$57.38	$54.13 - $60.96
Q2 2025	12,237	$686	$56.47	$52.67 - $59.65
Q1 2025	15,200	$922	$56.47	$52.15 - $59.45
Q4 2024	15,200	$890	$57.33	$53.67 - $62.19
Q3 2024	15,200	$929	$54.39	$49.37 - $58.14
Q2 2024	15,200	$822	$50.26	$46.53 - $53.93
Q1 2024	15,200	$818	$47.73	$44.68 - $50.77
Q4 2023	15,200	$820	$46.16	$41.54 - $51.76
Q3 2023	24,600	$1,245	$50.50	$44.92 - $54.81
Q2 2023	24,600	$1,482	$55.83	$52.26 - $58.57
Q1 2023	24,600	$1,552	$57.47	$51.53 - $64.19
Q4 2022	24,600	$1,730	$58.05	$50.78 - $62.96
Q3 2022	26,600	$1,802	$64.21	$58.14 - $68.58
Q2 2022	26,600	$1,936	$63.81	$56.66 - $68.52
Q1 2022	26,600	$2,049	$58.63	$54.02 - $65.73
Q4 2021	17,400	$1,228	$55.40	$51.95 - $59.51
Q3 2021	17,400	$1,092	$56.46	$51.50 - $60.51
Q2 2021	15,600	$1,024	$55.86	$53.24 - $58.36
Q1 2021	15,600	$1,042	$50.63	$47.19 - $55.19
Q4 2020	15,600	$959	$48.27	$42.45 - $52.98
Q3 2020	15,600	$834	$45.64	$41.75 - $49.89
Q2 2020	15,600	$884	$47.91	$41.68 - $55.82
Q1 2020	15,600	$999	$59.44	$37.90 - $68.25
Q4 2019	15,600	$1,225	$60.15	$57.52 - $62.11
Q3 2019	15,600	$1,197	$60.34	$54.21 - $62.80
Q1 2019	14,000	$1,037	$52.65	$46.35 - $57.40
Q4 2018	14,000	$879	$47.68	$43.15 - $52.00
Q4 2016	14,400	$883	$42.62	$38.96 - $45.02
Q3 2016	14,400	$882	$43.19	$40.45 - $45.62
Q2 2016	24,100	$1,519	$42.44	$39.39 - $44.88
Q1 2016	13,300	$800	$37.32	$31.07 - $42.88
Q4 2015	40,100	$1,862	$30.44	$27.84 - $33.06
Q3 2015	198,700	$8,214	$28.18	$25.38 - $32.28
Q2 2015	162,600	$7,097	$32.61	$29.70 - $35.86
Q1 2015	124,000	$6,255	$34.02	$32.42 - $35.85