Blackhill Capital Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Blackhill Capital Inc. reported 51 stock positions worth $2.0 billion. Its top holding was Williams-Sonoma (WSM) at 74.5% of the portfolio, followed by Eli Lilly (LLY, 5.5%) and Apple (AAPL, 3.1%). Compared with Q2 2025, it opened 2 new positions, added to 1 and reduced 12. The biggest buy was a new position in Energy Transfer (ET) and the biggest sale Eli Lilly (LLY, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MORRISTOWN, NJ
- CIK
- 0000872162
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0000872162-25-000011 ↗ filed Nov 13, 2025
Holdings Value
Holdings 51 stocks · $2.0B
| WSM Williams-Sonoma Inc. | 74.52% | 7,701,571 | $1.5B | Reduce -0.3% |
| LLY Eli Lilly & Co. | 5.52% | 146,058 | $111.4M | Reduce -0.2% |
| AAPL Apple Inc. | 3.15% | 249,800 | $63.6M | Reduce -2.4% |
| ABBV Abbvie Inc. | 2.83% | 246,810 | $57.1M | Reduce -2.4% |
| ABT Abbott Laboratories | 1.78% | 268,230 | $35.9M | Reduce -3.6% |
| MSFT Microsoft Corp. | 1.69% | 66,050 | $34.2M | No change |
| CAT Caterpillar Inc. | 1.42% | 60,000 | $28.6M | No change |
| NVDA Nvidia Corp. | 1.29% | 139,550 | $26.0M | No change |
| ZTS Zoetis Inc. | 0.95% | 131,299 | $19.2M | Add +3.8% |
| MRK Merck & Co. Inc. | 0.70% | 168,857 | $14.2M | Reduce -4.4% |
| BMY Bristol-Myers Squibb Co. | 0.63% | 280,564 | $12.7M | Reduce -0.3% |
| ET Energy Transfer LP | 0.59% | 700,000 | $12.0M | New |
| JNJ Johnson & Johnson | 0.59% | 64,187 | $11.9M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.58% | 101,500 | $11.6M | No change |
| MA Mastercard Inc. Class A | 0.56% | 20,000 | $11.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 21,237 | $10.7M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.40% | 36,580 | $8.0M | No change |
| PG The Procter & Gamble Co. | 0.34% | 44,871 | $6.9M | No change |
| ZBH Zimmer Biomet Holdings Inc. | 0.26% | 53,850 | $5.3M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 6 | $4.5M | No change |
| GOOG Alphabet Inc. Class C | 0.21% | 17,660 | $4.3M | No change |
| GOOGL Alphabet Inc. Class A | 0.19% | 15,980 | $3.9M | No change |
| KMB Kimberly-Clark Corp. | 0.18% | 29,000 | $3.6M | No change |
| EPD Enterprise Products Partners | 0.17% | 107,704 | $3.4M | Reduce -0.9% |
| CVX Chevron Corp. | 0.09% | 11,550 | $1.8M | No change |
| KVUE Kenvue Inc. | 0.07% | 86,184 | $1.4M | Reduce -3.4% |
| PFE Pfizer Inc. | 0.06% | 47,178 | $1.2M | Reduce -1.0% |
| WTRG Essential Utilities Inc. | 0.05% | 26,041 | $1.0M | No change |
| RMD Resmed Inc. | 0.05% | 3,400 | $931K | No change |
| MCD McDonald's Corp. | 0.05% | 3,000 | $912K | No change |
| AWK American Water Works Co. Inc. | 0.04% | 6,000 | $835K | No change |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.04% | 10,800 | $792K | No change |
| PM Philip Morris International | 0.03% | 4,200 | $681K | No change |
| WY Weyerhaeuser Co. | 0.03% | 26,240 | $650K | No change |
| FFIV F5 Inc. | 0.03% | 1,600 | $517K | No change |
| CL Colgate-Palmolive Co. | 0.02% | 5,000 | $400K | No change |
| ELAN Elanco Animal Health Inc. | 0.02% | 19,803 | $399K | No change |
| MSEX Middlesex Water Co. | 0.02% | 6,666 | $361K | No change |
| CWT California Water Service Grp | 0.02% | 7,600 | $349K | No change |
| PCH Potlatchdeltic Corp. | 0.02% | 8,540 | $348K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 478 | $318K | No change |
| MGNI Magnite Inc. | 0.01% | 11,622 | $253K | No change |
| RYN Rayonier Inc. | 0.01% | 8,670 | $230K | No change |
| MDY State Street SPDR S&P Midcap | 0.01% | 351 | $209K | No change |
| HSY The Hershey Co. | 0.01% | 600 | $112K | No change |
| TSLA Tesla Inc. | 0.00% | 200 | $89K | No change |
| NSC Norfolk Southern Corp. | 0.00% | 200 | $60K | No change |
| NFLX Netflix Inc. | 0.00% | 50 | $60K | New |
| TR Tootsie Roll Inds | 0.00% | 1,279 | $54K | No change |
| AVNS Avanos Medical Inc. | 0.00% | 3,098 | $36K | No change |
| ED Consolidated Edison Inc. | 0.00% | 253 | $25K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Reduce -0.2% | 5.52% | −1.06 |
| ABT Abbott Laboratories | Reduce -3.6% | 1.78% | −0.40 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.3% | 0.63% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -4.4% | 0.70% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 0.53% | −0.07 |
| KVUE Kenvue Inc. | Reduce -3.4% | 0.07% | −0.04 |
| EPD Enterprise Products Partners | Reduce -0.9% | 0.17% | −0.03 |
| PFE Pfizer Inc. | Reduce -1.0% | 0.06% | −0.01 |
| JNJ Johnson & Johnson | Reduce -3.0% | 0.59% | +0.01 |
| AAPL Apple Inc. | Reduce -2.4% | 3.15% | +0.12 |
| ABBV Abbvie Inc. | Reduce -2.4% | 2.83% | +0.12 |
| WSM Williams-Sonoma Inc. | Reduce -0.3% | 74.52% | +1.74 |
Portfolio Buys Q2 2025 → Q3 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 |