BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

MARSHALL WACE, LLP's Holding History (CIK: 0001318757)

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

Q4 2025

Shares 91,853 Value ($000) $6,376 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 33,345 Value ($000) $2,054 Avg Close $57.38 Range $54.13 - $60.96

Q1 2025

Shares 45,059 Value ($000) $2,733 Avg Close $56.47 Range $52.15 - $59.45

Q3 2024

Shares 8,400 Value ($000) $513 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 44,870 Value ($000) $2,440 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 112,980 Value ($000) $6,169 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 95,427 Value ($000) $5,148 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 328,439 Value ($000) $16,616 Avg Close $50.50 Range $44.92 - $54.81

Q1 2019

Shares 13,648 Value ($000) $1,011 Avg Close $52.65 Range $46.35 - $57.40

Q1 2016

Shares 3,577 Value ($000) $215 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 207,624 Value ($000) $9,640 Avg Close $30.44 Range $27.84 - $33.06

Q3 2015

Shares 7,100 Value ($000) $294 Avg Close $28.18 Range $25.38 - $32.28

Q2 2014

Shares 3,700 Value ($000) $227 Avg Close $38.31 Range $36.56 - $40.65

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	91,853	$6,376	$66.47	$58.20 - $73.32
Q3 2025	33,345	$2,054	$57.38	$54.13 - $60.96
Q1 2025	45,059	$2,733	$56.47	$52.15 - $59.45
Q3 2024	8,400	$513	$54.39	$49.37 - $58.14
Q2 2024	44,870	$2,440	$50.26	$46.53 - $53.93
Q1 2024	112,980	$6,169	$47.73	$44.68 - $50.77
Q4 2023	95,427	$5,148	$46.16	$41.54 - $51.76
Q3 2023	328,439	$16,616	$50.50	$44.92 - $54.81
Q1 2019	13,648	$1,011	$52.65	$46.35 - $57.40
Q1 2016	3,577	$215	$37.32	$31.07 - $42.88
Q4 2015	207,624	$9,640	$30.44	$27.84 - $33.06
Q3 2015	7,100	$294	$28.18	$25.38 - $32.28
Q2 2014	3,700	$227	$38.31	$36.56 - $40.65