Blackhill Capital
MORRISTOWN, NJfiles as BLACKHILL CAPITAL INC
$2.4bn in 47 US stocks at the end of 30 June 2026. The top 10 are 94.9% of the money. It changed about 3.1% of the portfolio this quarter.
Value
$2.4bn
Stocks
47
Top 10 share
94.9%
Turnover
3.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Energy Transfer L PET1.3% of the fund+33%
- Tootsie Roll IndustriesTR<0.1% of the fund+3%
Cut
Sold some of their stake.
- Abbott LaboratoriesABT0.7% of the fund-34%
- ZoetisZTS0.2% of the fund-29%
Sold out
Sold their entire stake.
- RayonierRYN-100%
- NetflixNFLX-100%
Holdings
- Energy Transfer L PET
- Share
- 1.3%
- Value
- $31m
- Shares
- 1,600,000
+33%
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.2%
- Value
- $4m
- Shares
- 6
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- <0.1%
- Value
- $356,956
- Shares
- 478
Held
- State STR Spdr S&P Midcap 40MDY
- Share
- <0.1%
- Value
- $246,872
- Shares
- 351
Held
- Avanos MED
- Share
- <0.1%
- Value
- $59,090
- Shares
- 2,375
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Williams SonomaWSM | 74.3% | $1.8bn | 7,684,278 | Held |
| Eli LillyLLY | 7.2% | $174m | 145,121 | Held |
| AppleAAPL | 3.0% | $72m | 248,200 | Held |
| AbbVieABBV | 2.7% | $66m | 263,110 | Held |
| CaterpillarCAT | 2.6% | $63m | 59,500 | Held |
| Energy Transfer L PET | 1.3% | $31m | 1,600,000 | +33% |
| NvidiaNVDA | 1.2% | $28m | 139,950 | Held |
| MicrosoftMSFT | 1.0% | $25m | 66,050 | Held |
| MerckMRK | 0.9% | $22m | 168,857 | Held |
| Johnson & JohnsonJNJ | 0.7% | $16m | 64,187 | Held |
| Abbott LaboratoriesABT | 0.7% | $16m | 177,930 | -34% |
| Bristol-Myers SquibbBMY | 0.7% | $16m | 275,364 | Held |
| Berkshire HathawayBRK-B | 0.4% | $11m | 21,237 | Held |
| MastercardMA | 0.4% | $10m | 20,000 | Held |
| Walt DisneyDIS | 0.4% | $10m | 101,500 | Held |
| Amazon.comAMZN | 0.4% | $9m | 36,580 | Held |
| Procter & GamblePG | 0.3% | $7m | 44,871 | Held |
| AlphabetGOOG | 0.3% | $6m | 17,660 | Held |
| AlphabetGOOGL | 0.2% | $6m | 15,980 | Held |
| ZoetisZTS | 0.2% | $5m | 68,296 | -29% |
| Berkshire Hathaway INC DELBRK-A | 0.2% | $4m | 6 | Held |
| Enterprise Products Partners L.P.EPD | 0.2% | $4m | 107,704 | Held |
| Zimmer Biomet HoldingsZBH | 0.2% | $4m | 42,079 | Held |
| Kimberly-ClarkKMB | 0.1% | $3m | 29,000 | Held |
| ChevronCVX | <0.1% | $2m | 11,550 | Held |
| PfizerPFE | <0.1% | $1m | 47,178 | Held |
| Essential UtilitiesWTRG | <0.1% | $997,631 | 26,041 | Held |
| American States WaterAWR | <0.1% | $892,404 | 10,800 | Held |
| McDonald'sMCD | <0.1% | $810,930 | 3,000 | Held |
| American Water Works CompanyAWK | <0.1% | $789,480 | 6,000 | Held |
| Philip Morris InternationalPM | <0.1% | $759,822 | 4,200 | Held |
| F5FFIV | <0.1% | $665,536 | 1,600 | Held |
| ResmedRMD | <0.1% | $662,592 | 3,400 | Held |
| WeyerhaeuserWY | <0.1% | $628,186 | 26,240 | Held |
| Elanco Animal HealthELAN | <0.1% | $464,908 | 18,891 | Held |
| Colgate-PalmoliveCL | <0.1% | $458,400 | 5,000 | Held |
| Middlesex WaterMSEX | <0.1% | $374,363 | 6,666 | Held |
| California Water Service GroupCWT | <0.1% | $369,740 | 7,600 | Held |
| State STR Spdr S&P 500 ETF TSPY | <0.1% | $356,956 | 478 | Held |
| State STR Spdr S&P Midcap 40MDY | <0.1% | $246,872 | 351 | Held |
| MagniteMGNI | <0.1% | $113,709 | 5,991 | Held |
| HersheyHSY | <0.1% | $105,270 | 600 | Held |
| TeslaTSLA | <0.1% | $84,120 | 200 | Held |
| Norfolk SouthernNSC | <0.1% | $62,918 | 200 | Held |
| Avanos MED | <0.1% | $59,090 | 2,375 | Held |
| Tootsie Roll IndustriesTR | <0.1% | $52,087 | 1,317 | +3% |
| Consolidated EdisonED | <0.1% | $27,989 | 253 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 39.0% since 30 June 2025.
Where the money is
Retail & consumer74.7%
Health care13.3%
Technology5.2%
Industrials2.6%
Media & telecom0.9%
Financial services0.9%
Everyday goods0.5%
Utilities0.3%
Energy0.1%
Real estate0.0%
Other1.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.