Institutional Manager · CIK 0000872162
BLACKHILL CAPITAL INC
MORRISTOWN, NJ · File #028-02823
Latest AUM
$1.94B
Positions
50
Top-10 Concentration
93.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ENERGY TRANSFER L P COM UNIT L | ET-PI | +460,000 | +$7.6M | -$469,000 |
| REDUCE | ZOETIS INC COM | ZTS | -35,400 | -$4.5M | -$2.7M |
| REDUCE | WILLIAMS SONOMA INC COM | WSM | -12,535 | -$2.2M | -$129.8M |
| EXITED | KENVUE INC COM | 49177J102 | -86,184 | -$1.4M | $0 |
| REDUCE | ZIMMER BIOMET HLDGS INC COM | ZBH | -11,771 | -$1.1M | -$462,033 |
| REDUCE | LILLY ELI & CO COM | LLY | -94 | -$101,020 | +$45.5M |
| REDUCE | MAGNITE INC COM | MGNI | -5,631 | -$91,391 | -$64,502 |
| REDUCE | APPLE INC COM | AAPL | -300 | -$81,558 | +$4.3M |
| ADD | NVIDIA CORP COM | NVDA | +400 | +$74,600 | -$11,164 |
| ADD | ABBVIE INC COM | ABBV | +300 | +$68,547 | -$752,770 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202550 pos · $1.94B
- 13F HOLDINGS REPORTQ/E Sep 202551 pos · $2.02B
- 13F HOLDINGS REPORTQ/E Jun 202549 pos · $1.73B
- 13F HOLDINGS REPORTQ/E Mar 202549 pos · $1.72B
- 13F HOLDINGS REPORTQ/E Dec 202450 pos · $1.93B
- 13F HOLDINGS REPORTQ/E Sep 202452 pos · $1.74B
- 13F HOLDINGS REPORTQ/E Jun 202453 pos · $1.61B
- 13F HOLDINGS REPORTQ/E Mar 202453 pos · $1.74B
- 13F HOLDINGS REPORTQ/E Dec 202351 pos · $1.04B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | WILLIAMS SONOMA INC COM | WSM | 7,689,036 | $1.37B | 70.65% |
| 2 | LILLY ELI & CO COM | LLY | 145,964 | $156.9M | 8.07% |
| 3 | APPLE INC COM | AAPL | 249,500 | $67.8M | 3.49% |
| 4 | ABBVIE INC COM | ABBV | 247,110 | $56.5M | 2.91% |
| 5 | CATERPILLAR INC COM | CAT | 60,000 | $34.4M | 1.77% |
| 6 | ABBOTT LABS COM | ABLZF | 268,530 | $33.6M | 1.73% |
| 7 | MICROSOFT CORP COM | MSFT | 66,050 | $31.9M | 1.64% |
| 8 | NVIDIA CORP COM | NVDA | 139,950 | $26.1M | 1.34% |
| 9 | ENERGY TRANSFER L P COM UNIT L | ET-PI | 1,160,000 | $19.1M | 0.98% |
| 10 | MERCK & CO INC NEW COM | MRK | 168,857 | $17.8M | 0.91% |
| 11 | BRISTOL MYERS SQUIBB CO COM | CELG-RI | 280,564 | $15.1M | 0.78% |
| 12 | JOHNSON & JOHNSON COM | JNJ | 64,187 | $13.3M | 0.68% |
| 13 | ZOETIS INC COM | ZTS | 95,899 | $12.1M | 0.62% |
| 14 | DISNEY WALT CO DISNEY COM | 254687106 | 101,500 | $11.5M | 0.59% |
| 15 | MASTERCARD INC CL A | MA | 20,000 | $11.4M | 0.59% |
| 16 | BERKSHIRE HATHAWAY INC DEL CL | BRK-A | 21,237 | $10.7M | 0.55% |
| 17 | AMAZON COM INC COM | AMZN | 36,580 | $8.4M | 0.43% |
| 18 | PROCTER & GAMBLE CO COM | 742718109 | 44,871 | $6.4M | 0.33% |
| 19 | ALPHABET INC CAP STK CL C | GOOG | 17,660 | $5.5M | 0.29% |
| 20 | ALPHABET INC CL A | GOOG | 15,980 | $5.0M | 0.26% |