BLACKHILL CAPITAL INC
CIK
872162
Location
MORRISTOWN, NJ
Portfolio Value
Mid
$1,933,469,844
Diversification
Highly concentrated
Filing Date
Global Rank
#1,231
/ 8,592
▲ 19
Top Industry
Specialty Retail
72.5%
3Y Alpha vs SPY
+16.8%
Period ended 3 months ago
Filed May 14, 2026 · 36d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+161.1%
SPY
+76.8%
Annualised alpha
+16.8%
Max drawdown
−30.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
47 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
72.5%
+1.4 pts
Top 5
87.8%
+0.4 pts
Top 10
94.0%
−0.0 pts
HHI
5,334
Highly concentrated+186
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 72.9% | $1,409,744,496 |
| Healthcare | 15.0% | $289,240,403 |
| Technology | 5.8% | $112,310,614 |
| Industrials | 2.2% | $42,210,770 |
| Energy | 1.5% | $29,625,214 |
| Financial Services | 1.0% | $20,169,970 |
| Communication Services | 0.8% | $14,511,448 |
| Consumer Defensive | 0.5% | $10,578,747 |
| Utilities | 0.2% | $3,402,090 |
| Real Estate | 0.1% | $1,148,748 |
| Unclassified | 0.0% | $527,344 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BMY | Bristol Myers Squibb Co | −5,200 | 275,364 | $16,700,826 | |
| WSM | Williams Sonoma Inc | −4,512 | 7,684,524 | $1,401,119,260 | |
| AAPL | Apple Inc. | −1,300 | 248,200 | $62,990,678 | |
| CAT | Caterpillar Inc | −500 | 59,500 | $42,153,370 | |
| LLY | ELI LILLY & Co | −243 | 145,721 | $134,029,804 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
47 positions ·
$1,933,469,844 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WSM |
Williams Sonoma Inc
Consumer Cyclical
|
Reduced | 7,684,524 | $1,401,119,260 | 72.47% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 145,721 | $134,029,804 | 6.93% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 248,200 | $62,990,678 | 3.26% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 263,110 | $57,223,793 | 2.96% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 59,500 | $42,153,370 | 2.18% | |
| ABT |
Abbott Laboratories
Healthcare
|
Held | 268,530 | $27,569,975 | 1.43% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 66,050 | $24,449,728 | 1.26% | |
| NVDA |
Nvidia Corp
Technology
|
Held | 139,950 | $24,407,280 | 1.26% | |
| ET |
Energy Transfer LP
Energy
|
Added | 1,200,000 | $23,160,000 | 1.20% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Held | 168,857 | $20,311,808 | 1.05% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Reduced | 275,364 | $16,700,826 | 0.86% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 64,187 | $15,689,870 | 0.81% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Held | 95,899 | $11,336,220 | 0.59% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 21,237 | $10,176,770 | 0.53% | |
| MA |
Mastercard Inc
Financial Services
|
Held | 20,000 | $9,993,200 | 0.52% | |
| DIS |
Walt Disney Co
Communication Services
|
Held | 101,500 | $9,782,570 | 0.51% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 36,580 | $7,618,516 | 0.39% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Held | 44,871 | $6,481,167 | 0.34% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 15,980 | $4,595,208 | 0.24% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Held | 107,704 | $4,075,519 | 0.21% | |
| ZBH |
Zimmer Biomet Holdings, Inc.
Healthcare
|
Held | 42,079 | $3,804,783 | 0.20% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Held | 29,000 | $2,797,630 | 0.14% | |
| CVX |
Chevron Corp
Energy
|
Held | 11,550 | $2,389,695 | 0.12% | |
| PFE |
Pfizer Inc
Healthcare
|
Held | 47,178 | $1,324,758 | 0.07% | |
| WTRG |
Essential Utilities, Inc.
Utilities
|
Held | 26,041 | $1,048,671 | 0.05% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Held | 3,000 | $932,370 | 0.05% | |
| AWR |
American States Water Co
Utilities
|
Held | 10,800 | $816,696 | 0.04% | |
| AWK |
American Water Works Company, Inc.
Utilities
|
Held | 6,000 | $816,540 | 0.04% | |
| RMD |
Resmed Inc
Healthcare
|
Held | 3,400 | $763,232 | 0.04% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Held | 4,200 | $694,428 | 0.04% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Held | 26,240 | $641,043 | 0.03% | |
| RYN |
Rayonier Inc
Real Estate
|
Added | 24,622 | $507,705 | 0.03% | |
| FFIV |
F5, Inc.
Technology
|
Held | 1,600 | $462,928 | 0.02% | |
| ELAN |
Elanco Animal Health Inc
Healthcare
|
Held | 18,891 | $452,061 | 0.02% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Held | 5,000 | $426,150 | 0.02% | |
| MSEX |
Middlesex Water Co
Utilities
|
Held | 6,666 | $346,965 | 0.02% | |
| CWT |
California Water Service Group
Utilities
|
Held | 7,600 | $344,584 | 0.02% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 478 | $310,862 | 0.02% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Held | 351 | $216,482 | 0.01% | |
| HSY |
Hershey Co
Consumer Defensive
|
Held | 600 | $124,734 | 0.01% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 200 | $74,350 | 0.00% | |
| MGNI |
Magnite, Inc.
Communication Services
|
Held | 5,991 | $71,173 | 0.00% | |
| NFLX |
Netflix Inc
Communication Services
|
Held | 650 | $62,497 | 0.00% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Held | 200 | $57,400 | 0.00% | |
| TR |
Tootsie Roll Industries Inc
Consumer Defensive
|
Held | 1,279 | $54,638 | 0.00% | |
| AVNS |
Avanos Medical, Inc.
Healthcare
|
Held | 2,375 | $33,273 | 0.00% | |
| ED |
Consolidated Edison Inc
Utilities
|
Held | 253 | $28,634 | 0.00% |