Blackhill Capital portfolio
Single-position portfolioPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Blackhill Capital reported a $2.4 bn portfolio of 45 companies (47 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are WSM, LLY, AAPL.
Sections with a free account
What changed this quarter
6 positions with a change (2 added to, 2 trimmed, 2 sold).
No moves of 0.5 points of the portfolio or more.
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Williams-sonomaWSM74.3%
- Eli LillyLLY7.2%
- AppleAAPL3.0%
- AbbVieABBV2.7%
- CaterpillarCAT2.6%
- Energy TransferET1.3%
- NVIDIANVDA1.2%
- MicrosoftMSFT1.0%
- MerckMRK0.9%
- Johnson & JohnsonJNJ0.7%
- Abbott LaboratoriesABT0.7%
- Bristol-myers SquibbBMY0.7%
- Berkshire HathawayBRK/B · BRK/A0.6%
- AlphabetGOOG · GOOGL0.5%
- MastercardMA0.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Discretionary 75%
- ● Health Care 13%
- ● Information Technology 5%
- ● Industrials 3%
- ● Energy 2%
- ● Financials 1%
- ● Communication Services 1%
How its portfolio changed (8 quarters)
Q2 2026: 47
Q2 2026: 95%
Q2 2026: 0.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Single-position portfolio, per its Form ADV of Mar 18, 2026 (medium confidence).
The data, as reported: BLACKHILL CAPITAL, INC (CRD 105208): 5.D assets by client type: high net worth 64%, charities 22%, corporations 13% (of $2.0 bn); 5.F 83 accounts, 0% non-discretionary; 5.D 81 clients, 76 individuals; no financial planning, adviser selection or non-discretionary assets: discretionary accounts
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: a single position is more than 70% of the portfolio. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Focused InvestorsInvestment firm · $2.4 bn
- Route One InvestmentInvestment firm · $2.4 bn
- Lansdowne Partners (uk) LLPInvestment firm · $2.4 bn
- Integral Health Asset ManagementInvestment firm · $2.4 bn
- Forest Avenue Capital ManagementInvestment firm · $2.4 bn
- First Beijing InvestmentInvestment firm · $2.4 bn