BLACKHILL CAPITAL INC
Sector Allocation
- Consumer Discretionary74.7%$1.8B
- Healthcare13.3%$321.1M
- Technology5.7%$137.2M
- Industrials2.6%$63.4M
- Energy1.5%$36.5M
- Financials1.1%$25.4M
- Communication Services0.4%$9.8M
- Consumer Staples0.3%$8.0M
- Utilities0.1%$3.5M
- Materials0.1%$3.2M
AUM History
13fpro.ai/research/fund/blackhill-capital-inc-872162
Conviction and streaks
Concentrating · top 10 = 94.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
WSM
$1.8BLLY
$174.1MAAPL
$71.8MABBV
$66.2MCAT
$63.4MET
$30.6MNVDA
$28.0MMSFT
$24.6MMRK
$21.7MJNJ
$16.3MABT
$16.1MBMY
$15.9MBRK.B
$10.6MMA
$10.3MDIS
$9.8MAMZN
$8.7MPG
$6.6MGOOG
$6.2MGOOGL
$5.7MZTS
$4.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/blackhill-capital-inc-872162
BLACKHILL CAPITAL INC 13F holdings — Q2 2026
$2.4B portfolio (+24.1% QoQ) · 47 holdings · Q2 2026 13F · top 10 are 95% of the stock portfolio
$1.8B
74.3% of stocks
-0.0%This quarter+3.1%Since filed11+ qtrsHeld$174.1M
7.2% of stocks
-0.4%This quarter+5.8%Since filed7 qtrsHeld$71.8M
3.0% of stocks
No changeThis quarter+12.7%Since filed11+ qtrsHeld$66.2M
2.8% of stocks
No changeThis quarter+14.3%Since filed11+ qtrsHeld$63.4M
2.6% of stocks
No changeThis quarter-19.0%Since filed11+ qtrsHeld$30.6M
1.3% of stocks
+33%This quarter-0.8%Since filed4 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$28.0M
1.2% of stocks
No changeThis quarter-4.1%Since filed11+ qtrsHeld$24.6M
1.0% of stocks
No changeThis quarter+7.2%Since filed11+ qtrsHeld$21.7M
0.9% of stocks
No changeThis quarter+3.7%Since filed7 qtrsHeld$16.3M
0.7% of stocks
No changeThis quarter+1.6%Since filed11+ qtrsHeld
All holdings — BLACKHILL CAPITAL INC (Q2 2026)
47 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | ABBOTT LABORATORIES | Healthcare | $16.1M | 0.7% | 178K | -34% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | BRISTOL MYERS SQUIBB CO | Healthcare | $15.9M | 0.7% | 275K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | BERKSHIRE HATHAWAY INC | Financials | $10.6M | 0.4% | 21K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Mastercard Inc | Financials | $10.3M | 0.4% | 20K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Walt Disney Co | Communication Services | $9.8M | 0.4% | 102K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | AMAZON COM INC | Consumer Discretionary | $8.7M | 0.4% | 37K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | PROCTER & GAMBLE Co | Consumer Staples | $6.6M | 0.3% | 45K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Alphabet Inc. | Technology | $6.2M | 0.3% | 18K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Alphabet Inc. | Technology | $5.7M | 0.2% | 16K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Zoetis Inc. | Healthcare | $4.9M | 0.2% | 68K | -29% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | BERKSHIRE HATHAWAY INC | Financials | $4.5M | 0.2% | 6 | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $4.0M | 0.2% | 108K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | ZIMMER BIOMET HOLDINGS, INC. | Healthcare | $3.6M | 0.1% | 42K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | KIMBERLY CLARK CORP | Materials | $3.2M | 0.1% | 29K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | CHEVRON CORP | Energy | $1.9M | 0.1% | 12K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PFE | PFIZER INC | Healthcare | $1.1M | 0.1% | 47K | — | |||
| 27 | $WTRG | Essential Utilities, Inc. | Utilities | $998K | 0.0% | 26K | — | |||
| 28 | $AWR | AMERICAN STATES WATER CO | Utilities | $892K | 0.0% | 11K | — | |||
| 29 | $MCD | MCDONALDS CORP | Consumer Discretionary | $811K | 0.0% | 3,000 | — | |||
| 30 | $AWK | American Water Works Company, Inc. | Utilities | $789K | 0.0% | 6,000 | — | |||
| 31 | $PM | Philip Morris International Inc. | Consumer Staples | $760K | 0.0% | 4,200 | — | |||
| 32 | $FFIV | F5, INC. | Technology | $666K | 0.0% | 1,600 | — | |||
| 33 | $RMD | RESMED INC | Healthcare | $663K | 0.0% | 3,400 | — | |||
| 34 | $WY | WEYERHAEUSER CO | Real Estate | $628K | 0.0% | 26K | — | |||
| 35 | $ELAN | Elanco Animal Health Inc | Healthcare | $465K | 0.0% | 19K | — | |||
| 36 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $458K | 0.0% | 5,000 | — | |||
| 37 | $MSEX | MIDDLESEX WATER CO | Utilities | $374K | 0.0% | 6,666 | — | |||
| 38 | $CWT | CALIFORNIA WATER SERVICE GROUP | Utilities | $370K | 0.0% | 7,600 | — | |||
| 39 | $SPY | SPDR S&P 500 ETF TRUST | — | $357K | 0.0% | 478 | — | |||
| 40 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $247K | 0.0% | 351 | — | |||
| 41 | $MGNI | MAGNITE, INC. | Technology | $114K | 0.0% | 5,991 | — | |||
| 42 | $HSY | HERSHEY CO | Consumer Staples | $105K | 0.0% | 600 | — | |||
| 43 | $TSLA | Tesla, Inc. | Consumer Discretionary | $84K | 0.0% | 200 | — | |||
| 44 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $63K | 0.0% | 200 | — | |||
| 45 | $AVNS | AVANOS MEDICAL, INC. | Healthcare | $59K | 0.0% | 2,375 | — | |||
| 46 | $TR | TOOTSIE ROLL INDUSTRIES INC | Consumer Staples | $52K | 0.0% | 1,317 | +3% | |||
| 47 | $ED | CONSOLIDATED EDISON INC | Utilities | $28K | 0.0% | 253 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 0 new, 2 added to, 4 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (0)
No new positions this quarter.
Added to (2)
Trimmed (4)
Holdings by quarter
Every 13F BLACKHILL CAPITAL INC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow BLACKHILL CAPITAL?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of BLACKHILL CAPITAL's top 20 holdings: 66/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
+3.2%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 1% over the last 4
Top 10 weight
95%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
100%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2023 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
BLACKHILL CAPITAL INC disclosed 47 positions worth $2.4B in its Form 13F-HR for Q2 2026, led by $WSM (WILLIAMS SONOMA INC) at 74.3% of the equity portfolio, followed by $LLY and $AAPL. During the quarter the fund opened 0 new positions and exited 2 and a full exit from $RYN. The portfolio is most concentrated in Consumer Discretionary (74.7% of disclosed assets). All figures are sourced directly from BLACKHILL CAPITAL INC’s Form 13F-HR filing with the SEC under CIK 872162.
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AI-Powered Hedge Fund Analysis: BLACKHILL CAPITAL INC
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Every holding in BLACKHILL CAPITAL INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.