BLACKHILL CAPITAL INC

CIK

872162

Location

MORRISTOWN, NJ

Portfolio Value

Mid $2,410,018,130

Diversification

Highly concentrated

Filing Date

Global Rank

#1,191 / 8,633 ▲ 50

Top Industry

Specialty Retail 74.3%

3Y Alpha vs SPY

+50.5%

Period ended 51 days ago

Filed Aug 13, 2026 · 7d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+394.9%

SPY

+76.2%

Annualised alpha

+49.6%

Max drawdown

−30.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

45 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

74.3%

+2.2 pts

Top 5

89.9%

+2.5 pts

Top 10

94.9%

+1.4 pts

HHI

5,607

Highly concentrated+323

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	74.7%	$1,800,818,728	4
Healthcare	13.3%	$321,135,998	12
Technology	5.2%	$125,125,254	4
Industrials	2.6%	$63,424,468	2
Energy	1.5%	$36,465,727	3
Financial Services	1.1%	$25,391,882	2
Communication Services	0.9%	$21,833,663	3
Consumer Defensive	0.5%	$11,138,792	6
Utilities	0.1%	$3,451,605	6
Real Estate	0.0%	$628,185	1
Unclassified	0.0%	$603,828	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	+400,000	1,600,000	$30,592,000
TR	Tootsie Roll Industries Inc	+38	1,317	$52,087
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
ABT	Abbott Laboratories	−90,600	177,930	$16,145,368
ZTS	Zoetis Inc.	−27,603	68,296	$4,907,750
LLY	ELI LILLY & Co	−600	145,121	$174,062,495
WSM	Williams Sonoma Inc	−246	7,684,278	$1,791,205,201
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
RYN	Rayonier Inc	24,622	$507,705
NFLX	Netflix Inc	650	$62,497
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

45 tracked positions · $2,410,018,130 total · filing declares 47 positions · $2,410,018,127 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WSM	Williams Sonoma Inc Consumer Cyclical	Reduced	7,684,278	-246	$1,791,205,201	+27.8%	74.32%
LLY	ELI LILLY & Co Healthcare	Reduced	145,121	-600	$174,062,495	+29.9%	7.22%
AAPL	Apple Inc. Technology	Held	248,200	0	$71,819,152	+14.0%	2.98%
ABBV	AbbVie Inc. Healthcare	Held	263,110	0	$66,209,000	+15.7%	2.75%
CAT	Caterpillar Inc Industrials	Held	59,500	0	$63,361,550	+50.3%	2.63%
ET	Energy Transfer LP Energy	Added	1,600,000	+400,000	$30,592,000	+32.1%	1.27%
NVDA	Nvidia Corp Technology	Held	139,950	0	$28,002,595	+14.7%	1.16%
MSFT	Microsoft Corp Technology	Held	66,050	0	$24,637,971	+0.8%	1.02%
MRK	Merck & Co., Inc. Healthcare	Held	168,857	0	$21,698,124	+6.8%	0.90%
JNJ	Johnson & Johnson Healthcare	Held	64,187	0	$16,301,572	+3.9%	0.68%
ABT	Abbott Laboratories Healthcare	Reduced	177,930	-90,600	$16,145,368	−41.4%	0.67%
BMY	Bristol Myers Squibb Co Healthcare	Held	275,364	0	$15,866,473	−5.0%	0.66%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	21,243	0	$15,119,882	+4.4%	0.63%
GOOGL	Alphabet Inc. Communication Services	Held	33,640	0	$11,950,579	+23.7%	0.50%
MA	Mastercard Inc Financial Services	Held	20,000	0	$10,272,000	+2.8%	0.43%
DIS	Walt Disney Co Communication Services	Held	101,500	0	$9,769,375	−0.1%	0.41%
AMZN	Amazon Com Inc Consumer Cyclical	Held	36,580	0	$8,718,477	+14.4%	0.36%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	44,871	0	$6,579,883	+1.5%	0.27%
ZTS	Zoetis Inc. Healthcare	Reduced	68,296	-27,603	$4,907,750	−56.7%	0.20%
EPD	Enterprise Products Partners L.P. Energy	Held	107,704	0	$3,959,199	−2.9%	0.16%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Held	42,079	0	$3,622,581	−4.8%	0.15%
KMB	Kimberly Clark Corp Consumer Defensive	Held	29,000	0	$3,183,330	+13.8%	0.13%
CVX	Chevron Corp Energy	Held	11,550	0	$1,914,528	−19.9%	0.08%
PFE	Pfizer Inc Healthcare	Held	47,178	0	$1,136,046	−14.2%	0.05%
WTRG	Essential Utilities, Inc. Utilities	Held	26,041	0	$997,630	−4.9%	0.04%
AWR	American States Water Co Utilities	Held	10,800	0	$892,404	+9.3%	0.04%
MCD	Mcdonalds Corp Consumer Cyclical	Held	3,000	0	$810,930	−13.0%	0.03%
AWK	American Water Works Company, Inc. Utilities	Held	6,000	0	$789,480	−3.3%	0.03%
PM	Philip Morris International Inc. Consumer Defensive	Held	4,200	0	$759,822	+9.4%	0.03%
FFIV	F5, Inc. Technology	Held	1,600	0	$665,536	+43.8%	0.03%
RMD	Resmed Inc Healthcare	Held	3,400	0	$662,592	−13.2%	0.03%
WY	Weyerhaeuser Co Real Estate	Held	26,240	0	$628,185	−2.0%	0.03%
ELAN	Elanco Animal Health Inc Healthcare	Held	18,891	0	$464,907	+2.8%	0.02%
CL	Colgate Palmolive Co Consumer Defensive	Held	5,000	0	$458,400	+7.6%	0.02%
MSEX	Middlesex Water Co Utilities	Held	6,666	0	$374,362	+7.9%	0.02%
CWT	California Water Service Group Utilities	Held	7,600	0	$369,740	+7.3%	0.02%
SPY	Spdr S&P 500 ETF Trust	Held	478	0	$356,956	+14.8%	0.01%
MDY	Spdr S&P Midcap 400 ETF Trust	Held	351	0	$246,872	+14.0%	0.01%
MGNI	Magnite, Inc. Communication Services	Held	5,991	0	$113,709	+59.8%	0.00%
HSY	Hershey Co Consumer Defensive	Held	600	0	$105,270	−15.6%	0.00%
TSLA	Tesla, Inc. Consumer Cyclical	Held	200	0	$84,120	+13.1%	0.00%
NSC	Norfolk Southern Corp Industrials	Held	200	0	$62,918	+9.6%	0.00%
AVNS	Avanos Medical, Inc. Healthcare	Held	2,375	0	$59,090	+77.6%	0.00%
TR	Tootsie Roll Industries Inc Consumer Defensive	Added	1,317	+38	$52,087	−4.7%	0.00%
ED	Consolidated Edison Inc Utilities	Held	253	0	$27,989	−2.3%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.