BLACKHILL CAPITAL INC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $2,001,172,769 | Individuals and high net worth (65%) |
| Apr 2025 to Mar 2026 | $1,998,854,767 | Individuals and high net worth (62%) |
| Apr 2024 to Mar 2025 | $1,287,544,058 | Individuals and high net worth (64%) |
| May 2023 to Mar 2024 | $904,495,448 | Individuals and high net worth (65%) |
| Apr 2023 | $904,495,448 | Individuals and high net worth (65%) |
| Apr 2022 to Mar 2023 | $1,197,009,075 | Individuals and high net worth (63%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2026-06-30, active share 87.3%; sector active share 72.2% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
47 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 75.7% | $1,800,818,728 |
| Healthcare | 13.5% | $321,135,998 |
| Technology | 5.3% | $125,125,254 |
| Industrials | 2.7% | $63,424,468 |
| Financial Services | 1.1% | $25,391,882 |
| Communication Services | 0.9% | $21,833,663 |
| Consumer Defensive | 0.5% | $11,138,792 |
| Energy | 0.2% | $5,873,727 |
| Utilities | 0.1% | $3,451,605 |
| Real Estate | 0.0% | $628,185 |
| Unclassified | 0.0% | $603,828 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reducedNew Positions
Positions the filer opened this quarter| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WSM |
Williams Sonoma Inc
Consumer Cyclical
|
Reduced | 7,684,278 | $1,791,205,201 | 75.28% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 145,121 | $174,062,495 | 7.32% | |
| AAPL |
Apple Inc.
Technology
|
Held | 248,200 | $71,819,152 | 3.02% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Held | 263,110 | $66,209,000 | 2.78% | |
| CAT |
Caterpillar Inc
Industrials
|
Held | 59,500 | $63,361,550 | 2.66% | |
| NVDA |
Nvidia Corp
Technology
|
Held | 139,950 | $28,002,595 | 1.18% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 66,050 | $24,637,971 | 1.04% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Held | 168,857 | $21,698,124 | 0.91% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 64,187 | $16,301,572 | 0.69% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 177,930 | $16,145,368 | 0.68% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Held | 275,364 | $15,866,473 | 0.67% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 21,237 | $10,626,782 | 0.45% | |
| MA |
Mastercard Inc
Financial Services
|
Held | 20,000 | $10,272,000 | 0.43% | |
| DIS |
Walt Disney Co
Communication Services
|
Held | 101,500 | $9,769,375 | 0.41% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 36,580 | $8,718,477 | 0.37% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Held | 44,871 | $6,579,883 | 0.28% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Held | 17,660 | $6,239,807 | 0.26% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 15,980 | $5,710,772 | 0.24% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Reduced | 68,296 | $4,907,750 | 0.21% | |
| BRK-A |
Berkshire Hathaway Inc
Financial Services
|
Held | 6 | $4,493,100 | 0.19% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Held | 107,704 | $3,959,199 | 0.17% | |
| ZBH |
Zimmer Biomet Holdings, Inc.
Healthcare
|
Held | 42,079 | $3,622,581 | 0.15% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Held | 29,000 | $3,183,330 | 0.13% | |
| CVX |
Chevron Corp
Energy
|
Held | 11,550 | $1,914,528 | 0.08% | |
| PFE |
Pfizer Inc
Healthcare
|
Held | 47,178 | $1,136,046 | 0.05% | |
| WTRG |
Essential Utilities, Inc.
Utilities
|
Held | 26,041 | $997,630 | 0.04% | |
| AWR |
American States Water Co
Utilities
|
Held | 10,800 | $892,404 | 0.04% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Held | 3,000 | $810,930 | 0.03% | |
| AWK |
American Water Works Company, Inc.
Utilities
|
Held | 6,000 | $789,480 | 0.03% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Held | 4,200 | $759,822 | 0.03% | |
| FFIV |
F5, Inc.
Technology
|
Held | 1,600 | $665,536 | 0.03% | |
| RMD |
Resmed Inc
Healthcare
|
Held | 3,400 | $662,592 | 0.03% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Held | 26,240 | $628,185 | 0.03% | |
| ELAN |
Elanco Animal Health Inc
Healthcare
|
Held | 18,891 | $464,907 | 0.02% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Held | 5,000 | $458,400 | 0.02% | |
| MSEX |
Middlesex Water Co
Utilities
|
Held | 6,666 | $374,362 | 0.02% | |
| CWT |
California Water Service Group
Utilities
|
Held | 7,600 | $369,740 | 0.02% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 478 | $356,956 | 0.02% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Held | 351 | $246,872 | 0.01% | |
| MGNI |
Magnite, Inc.
Communication Services
|
Held | 5,991 | $113,709 | 0.00% | |
| HSY |
Hershey Co
Consumer Defensive
|
Held | 600 | $105,270 | 0.00% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 200 | $84,120 | 0.00% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Held | 200 | $62,918 | 0.00% | |
|
|
Held | 2,375 | $59,090 | 0.00% | ||
| TR |
Tootsie Roll Industries Inc
Consumer Defensive
|
Added | 1,317 | $52,087 | 0.00% | |
| ED |
Consolidated Edison Inc
Utilities
|
Held | 253 | $27,989 | 0.00% | |
| ET |
Energy Transfer LP
Energy
|
Added | 1,600,000 | $0 | 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.