Blackhill Capital Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Blackhill Capital Inc. reported 49 stock positions worth $1.9 billion. Its top holding was Williams-Sonoma (WSM) at 72.1% of the portfolio, followed by Eli Lilly (LLY, 6.9%) and Apple (AAPL, 3.2%). Compared with Q4 2025, it sold out of 1, added to 3 and reduced 5. The biggest buy was Energy Transfer (ET, shares +3%) and the biggest sale Eli Lilly (LLY, shares −0%).

Most Recent 13F
Q2 2026
Location
MORRISTOWN, NJ
CIK
0000872162
Portfolio Value
$1.9B (Q1 2026)
SEC Filing
0000872162-26-000006 ↗ filed May 14, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.7B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.9B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B $1.9B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 49 stocks · $1.9B
WSM Williams-Sonoma Inc. 72.12% 7,684,524 $1.4B Reduce -0.1%
LLY Eli Lilly & Co. 6.90% 145,721 $134.0M Reduce -0.2%
AAPL Apple Inc. 3.24% 248,200 $63.0M Reduce -0.5%
ABBV Abbvie Inc. 2.95% 263,110 $57.2M Add +6.5%
CAT Caterpillar Inc. 2.17% 59,500 $42.2M Reduce -0.8%
ABT Abbott Laboratories 1.42% 268,530 $27.6M No change
MSFT Microsoft Corp. 1.26% 66,050 $24.4M No change
NVDA Nvidia Corp. 1.26% 139,950 $24.4M No change
ET Energy Transfer LP 1.19% 1,200,000 $23.2M Add +3.5%
MRK Merck & Co. Inc. 1.05% 168,857 $20.3M No change
BMY Bristol-Myers Squibb Co. 0.86% 275,364 $16.7M Reduce -1.9%
JNJ Johnson & Johnson 0.81% 64,187 $15.7M No change
ZTS Zoetis Inc. 0.58% 95,899 $11.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.52% 21,237 $10.2M No change
MA Mastercard Inc. Class A 0.51% 20,000 $10.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.50% 101,500 $9.8M No change
AMZN Amazon.com Inc. 0.39% 36,580 $7.6M No change
PG The Procter & Gamble Co. 0.33% 44,871 $6.5M No change
GOOG Alphabet Inc. Class C 0.26% 17,660 $5.1M No change
GOOGL Alphabet Inc. Class A 0.24% 15,980 $4.6M No change
BRK.A Berkshire Hathaway Inc. Class A 0.22% 6 $4.3M No change
EPD Enterprise Products Partners 0.21% 107,704 $4.1M No change
ZBH Zimmer Biomet Holdings Inc. 0.20% 42,079 $3.8M No change
KMB Kimberly-Clark Corp. 0.14% 29,000 $2.8M No change
CVX Chevron Corp. 0.12% 11,550 $2.4M No change
PFE Pfizer Inc. 0.07% 47,178 $1.3M No change
WTRG Essential Utilities Inc. 0.05% 26,041 $1.0M No change
MCD McDonald's Corp. 0.05% 3,000 $932K No change
AWR American States Water Co. filed as AMER STATES WTR CO 0.04% 10,800 $817K No change
AWK American Water Works Co. Inc. 0.04% 6,000 $817K No change
RMD Resmed Inc. 0.04% 3,400 $763K No change
PM Philip Morris International 0.04% 4,200 $694K No change
WY Weyerhaeuser Co. 0.03% 26,240 $641K No change
RYN Rayonier Inc. 0.03% 24,622 $508K Add +170.8%
FFIV F5 Inc. 0.02% 1,600 $463K No change
ELAN Elanco Animal Health Inc. 0.02% 18,891 $452K No change
CL Colgate-Palmolive Co. 0.02% 5,000 $426K No change
MSEX Middlesex Water Co. 0.02% 6,666 $347K No change
CWT California Water Service Grp 0.02% 7,600 $345K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 478 $311K No change
MDY State Street SPDR S&P Midcap 0.01% 351 $216K No change
HSY The Hershey Co. 0.01% 600 $125K No change
TSLA Tesla Inc. 0.00% 200 $74K No change
MGNI Magnite Inc. 0.00% 5,991 $71K No change
NFLX Netflix Inc. 0.00% 650 $62K No change
NSC Norfolk Southern Corp. 0.00% 200 $57K No change
TR Tootsie Roll Inds 0.00% 1,279 $55K No change
AVNS Avanos Medical Inc. 0.00% 2,375 $33K No change
ED Consolidated Edison Inc. 0.00% 253 $29K No change

Portfolio Sells Q4 2025 → Q1 2026
LLY Eli Lilly & Co. Reduce -0.2% 6.90% −1.17
AAPL Apple Inc. Reduce -0.5% 3.24% −0.25
PCH Potlatchdeltic Corp. Sold out 0.00% −0.02
BMY Bristol-Myers Squibb Co. Reduce -1.9% 0.86% +0.08
CAT Caterpillar Inc. Reduce -0.8% 2.17% +0.40
WSM Williams-Sonoma Inc. Reduce -0.1% 72.12% +1.46

Portfolio Buys Q4 2025 → Q1 2026
ET Energy Transfer LP Add +3.5% 1.19% +0.21
ABBV Abbvie Inc. Add +6.5% 2.95% +0.04
RYN Rayonier Inc. Add +170.8% 0.03% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 47$2.4BWSM, LLY, AAPL, ABBV, CAT
Q1 2026 49$1.9BWSM, LLY, AAPL, ABBV, CAT
Q4 2025 50$1.9BWSM, LLY, AAPL, ABBV, CAT
Q3 2025 51$2.0BWSM, LLY, AAPL, ABBV, ABT
Q2 2025 49$1.7BWSM, LLY, AAPL, ABBV, ABT
Q1 2025 49$1.7BWSM, LLY, AAPL, ABBV, ABT
Q4 2024 50$1.9BWSM, LLY, AAPL, ABBV, ABT
Q3 2024 52$1.7BWSM, LLY, AAPL, ABBV, ABT
Q2 2024 53$1.6BWSM, LLY, AAPL, ABBV, MSFT
Q1 2024 53$1.7BWSM, LLY, ABBV, AAPL, ABT