1y return+39.0%S&P 500 +20.9%
3y return+171.5%S&P 500 +68.5%
5y return+144.5%S&P 500 +74.5%
10y return+459.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $560 against $357 in the S&P 500.2
Blackhill Capital IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| WSMWilliams Sonoma Inc Com | $1.8B | 74.3% | |
| LLYLilly Eli & Co Com | $174.1M | 7.2% | |
| AAPLApple Inc Com | $71.8M | 3.0% | |
| ABBVAbbvie Inc Com | $66.2M | 2.7% | |
| CATCaterpillar Inc Com | $63.4M | 2.6% | |
| ETEnergy Transfer L P Com Unit L | $30.6M | 1.3% | +33.3% |
| NVDANvidia Corp Com | $28.0M | 1.2% | |
| MSFTMicrosoft Corp Com | $24.6M | 1.0% | |
| MRKMerck & Co Inc New Com | $21.7M | 0.9% | |
| JNJJohnson & Johnson Com | $16.3M | 0.7% | |
| ABTAbbott Labs Com | $16.1M | 0.7% | −33.7% |
| BMYBristol Myers Squibb Co Com | $15.9M | 0.7% | |
| BRK/BBerkshire Hathaway Inc Del Cl | $10.6M | 0.4% | |
| MAMastercard Inc Cl A | $10.3M | 0.4% | |
| DISDisney Walt Co Disney Com | $9.8M | 0.4% | |
| AMZNAmazon Com Inc Com | $8.7M | 0.4% | |
| PGProcter & Gamble Co Com | $6.6M | 0.3% | |
| GOOGAlphabet Inc Cap Stk Cl C | $6.2M | 0.3% | |
| GOOGLAlphabet Inc Cl A | $5.7M | 0.2% | |
| ZTSZoetis Inc Com | $4.9M | 0.2% | −28.8% |
| BRK/ABerkshire Hathaway Inc Del Cl | $4.5M | 0.2% | |
| EPDEnterprise Prods Partners L P | $4.0M | 0.2% | |
| ZBHZimmer Biomet Hldgs Inc Com | $3.6M | 0.2% | |
| KMBKimberly-clark Corp Com | $3.2M | 0.1% | |
| CVXChevron Corp New Com | $1.9M | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc Com | June 30, 2020 | +741.8% | $63.4M |
| LLYLilly Eli & Co Com | June 30, 2020 | +630.6% | $174.1M |
| WSMWilliams Sonoma Inc Com | June 30, 2020 | +468.5% | $1.8B |
| GOOGLAlphabet Inc Cl A | June 30, 2020 | +404.0% | $5.7M |
| GOOGAlphabet Inc Cap Stk Cl C | June 30, 2020 | +399.9% | $6.2M |
| NVDANvidia Corp Com | December 31, 2023 | +304.0% | $28.0M |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $71.8M |
| FFIVF5 Inc Com | June 30, 2020 | +198.2% | $666K |
| BRK/BBerkshire Hathaway Inc Del Cl | June 30, 2020 | +180.3% | $10.6M |
| BRK/ABerkshire Hathaway Inc Del Cl | June 30, 2020 | +180.2% | $4.5M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +24.2% | +14.8% |
| March 31, 2026 | −0.1% | −4.6% |
| December 31, 2025 | −3.7% | +2.4% |
| September 30, 2025 | +16.3% | +7.8% |
| June 30, 2025 | +2.0% | +10.5% |
| March 31, 2025 | −10.5% | −4.6% |
| December 31, 2024 | +12.0% | +2.1% |
| September 30, 2024 | +8.2% | +5.4% |
| June 30, 2024 | −7.0% | +4.0% |
| March 31, 2024 | +41.0% | +10.0% |
| December 31, 2023 | +20.5% | +11.2% |
| September 30, 2023 | +11.8% | −3.6% |
| June 30, 2023 | +5.1% | +8.3% |
| March 31, 2023 | +3.3% | +7.0% |
| December 31, 2022 | +3.1% | +7.1% |
| September 30, 2022 | −0.6% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −9.6% | −4.9% |
| December 31, 2021 | +1.7% | +10.7% |
| September 30, 2021 | +5.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Blackhill Capital Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=872162&type=13F-HR&dateb=&owner=include&count=40CIK 872162
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/872162/000087216226000008/Filed August 13, 2026 · accession 0000872162-26-000008