Blackhill Capital Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Blackhill Capital Inc. reported 49 stock positions worth $1.7 billion. Its top holding was Williams-Sonoma (WSM) at 71.5% of the portfolio, followed by Eli Lilly (LLY, 7.0%) and Apple (AAPL, 3.4%). Compared with Q4 2024, it sold out of 1, added to 4 and reduced 8. The biggest buy was Bristol-Myers Squibb (BMY, shares +27%) and the biggest sale Williams-Sonoma (WSM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MORRISTOWN, NJ
- CIK
- 0000872162
- Portfolio Value
- $1.7B (Q1 2025)
- SEC Filing
- 0000872162-25-000006 ↗ filed May 14, 2025
Holdings Value
Holdings 49 stocks · $1.7B
| WSM Williams-Sonoma Inc. | 71.52% | 7,785,246 | $1.2B | Reduce -0.4% |
| LLY Eli Lilly & Co. | 7.02% | 146,358 | $120.9M | Reduce -0.5% |
| AAPL Apple Inc. | 3.37% | 261,400 | $58.1M | No change |
| ABBV Abbvie Inc. | 3.15% | 258,810 | $54.2M | No change |
| ABT Abbott Laboratories | 2.30% | 298,230 | $39.6M | No change |
| MSFT Microsoft Corp. | 1.57% | 72,050 | $27.0M | No change |
| ZTS Zoetis Inc. | 1.31% | 136,499 | $22.5M | Reduce -6.8% |
| CAT Caterpillar Inc. | 1.15% | 60,000 | $19.8M | No change |
| MRK Merck & Co. Inc. | 1.07% | 204,607 | $18.4M | Reduce -0.6% |
| BMY Bristol-Myers Squibb Co. | 1.01% | 284,264 | $17.3M | Add +27.4% |
| NVDA Nvidia Corp. | 0.88% | 139,550 | $15.1M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 21,241 | $11.3M | No change |
| JNJ Johnson & Johnson | 0.66% | 68,187 | $11.3M | Reduce -7.0% |
| MA Mastercard Inc. Class A | 0.64% | 20,000 | $11.0M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.58% | 101,500 | $10.0M | No change |
| PG The Procter & Gamble Co. | 0.44% | 44,871 | $7.6M | No change |
| KMB Kimberly-Clark Corp. | 0.40% | 49,000 | $7.0M | Reduce -9.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.35% | 53,850 | $6.1M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 6 | $4.8M | No change |
| AMZN Amazon.com Inc. | 0.27% | 24,340 | $4.6M | Add +21.1% |
| EPD Enterprise Products Partners | 0.22% | 108,704 | $3.7M | No change |
| GOOG Alphabet Inc. Class C | 0.16% | 17,660 | $2.8M | No change |
| GOOGL Alphabet Inc. Class A | 0.14% | 15,980 | $2.5M | No change |
| KVUE Kenvue Inc. | 0.12% | 89,200 | $2.1M | Reduce -44.4% |
| CVX Chevron Corp. | 0.11% | 11,550 | $1.9M | No change |
| PFE Pfizer Inc. | 0.07% | 47,633 | $1.2M | Reduce -6.9% |
| WTRG Essential Utilities Inc. | 0.06% | 26,041 | $1.0M | No change |
| MCD McDonald's Corp. | 0.05% | 3,000 | $937K | No change |
| AWK American Water Works Co. Inc. | 0.05% | 6,000 | $885K | No change |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.05% | 10,800 | $850K | No change |
| WY Weyerhaeuser Co. | 0.04% | 26,240 | $768K | No change |
| RMD Resmed Inc. | 0.04% | 3,400 | $761K | No change |
| PM Philip Morris International | 0.04% | 4,200 | $667K | No change |
| CL Colgate-Palmolive Co. | 0.03% | 5,000 | $469K | No change |
| MSEX Middlesex Water Co. | 0.02% | 6,666 | $427K | No change |
| FFIV F5 Inc. | 0.02% | 1,600 | $426K | No change |
| PCH Potlatchdeltic Corp. | 0.02% | 8,540 | $385K | No change |
| CWT California Water Service Grp | 0.02% | 7,600 | $368K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 478 | $267K | No change |
| RYN Rayonier Inc. | 0.01% | 8,670 | $242K | Add +5.1% |
| ELAN Elanco Animal Health Inc. | 0.01% | 19,803 | $208K | No change |
| MDY State Street SPDR S&P Midcap | 0.01% | 351 | $187K | No change |
| MGNI Magnite Inc. | 0.01% | 11,622 | $133K | No change |
| HSY The Hershey Co. | 0.01% | 600 | $103K | No change |
| TSLA Tesla Inc. | 0.00% | 200 | $52K | No change |
| NSC Norfolk Southern Corp. | 0.00% | 200 | $47K | No change |
| AVNS Avanos Medical Inc. | 0.00% | 3,098 | $44K | No change |
| TR Tootsie Roll Inds | 0.00% | 1,242 | $39K | No change |
| ED Consolidated Edison Inc. | 0.00% | 253 | $28K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| WSM Williams-Sonoma Inc. | Reduce -0.4% | 71.52% | −3.48 |
| KVUE Kenvue Inc. | Reduce -44.4% | 0.12% | −0.05 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.00 |
| PFE Pfizer Inc. | Reduce -6.9% | 0.07% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 1.07% | +0.01 |
| KMB Kimberly-Clark Corp. | Reduce -9.3% | 0.40% | +0.04 |
| ZTS Zoetis Inc. | Reduce -6.8% | 1.31% | +0.07 |
| JNJ Johnson & Johnson | Reduce -7.0% | 0.66% | +0.11 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 7.02% | +1.14 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $2.4B | WSM, LLY, AAPL, ABBV, CAT |
| Q1 2026 | 49 | $1.9B | WSM, LLY, AAPL, ABBV, CAT |
| Q4 2025 | 50 | $1.9B | WSM, LLY, AAPL, ABBV, CAT |
| Q3 2025 | 51 | $2.0B | WSM, LLY, AAPL, ABBV, ABT |
| Q2 2025 | 49 | $1.7B | WSM, LLY, AAPL, ABBV, ABT |
| Q1 2025 | 49 | $1.7B | WSM, LLY, AAPL, ABBV, ABT |
| Q4 2024 | 50 | $1.9B | WSM, LLY, AAPL, ABBV, ABT |
| Q3 2024 | 52 | $1.7B | WSM, LLY, AAPL, ABBV, ABT |
| Q2 2024 | 53 | $1.6B | WSM, LLY, AAPL, ABBV, MSFT |
| Q1 2024 | 53 | $1.7B | WSM, LLY, ABBV, AAPL, ABT |