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BLACKHILL CAPITAL INC

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13F filer, CIK 872162, MORRISTOWN, NJ

BLACKHILL CAPITAL INC reported $1,943,550,333 across 50 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 93.5% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000872162-26-000002

Period
2025-12-31
Reported value
$1.94B
Holdings
50
Top 10 weight
93.5%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ETadded+460,000$7.59M
NVDAadded+400$74.6K
ABBVadded+300$68.5K
NFLXadded+600$56.3K
ABTadded+300$37.6K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ZTSreduced-35,400-$4.45M
WSMreduced-12,535-$2.24M
KVUEexited-86,184-$1.4M
ZBHreduced-11,771-$1.06M
LLYreduced-94-$101K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0000872162-26-000002, largest first. % of portfolio is the value over $1,943,550,333, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WSMWILLIAMS SONOMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,808,428 shares; 2024Q4: 7,816,428 shares; 2025Q1: 7,785,246 shares; 2025Q2: 7,725,571 shares; 2025Q3: 7,701,571 shares; 2025Q4: 7,689,036 shares 7,689,036$1.37B70.65%-12,535Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,163 shares; 2024Q4: 147,068 shares; 2025Q1: 146,358 shares; 2025Q2: 146,358 shares; 2025Q3: 146,058 shares; 2025Q4: 145,964 shares 145,964$157M8.07%-94Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 261,400 shares; 2024Q4: 261,400 shares; 2025Q1: 261,400 shares; 2025Q2: 255,800 shares; 2025Q3: 249,800 shares; 2025Q4: 249,500 shares 249,500$67.8M3.49%-300Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 258,810 shares; 2024Q4: 258,810 shares; 2025Q1: 258,810 shares; 2025Q2: 252,810 shares; 2025Q3: 246,810 shares; 2025Q4: 247,110 shares 247,110$56.5M2.91%+300Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,000 shares; 2024Q4: 60,000 shares; 2025Q1: 60,000 shares; 2025Q2: 60,000 shares; 2025Q3: 60,000 shares; 2025Q4: 60,000 shares 60,000$34.4M1.77%0Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 298,230 shares; 2024Q4: 298,230 shares; 2025Q1: 298,230 shares; 2025Q2: 278,230 shares; 2025Q3: 268,230 shares; 2025Q4: 268,530 shares 268,530$33.6M1.73%+300Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,050 shares; 2024Q4: 72,050 shares; 2025Q1: 72,050 shares; 2025Q2: 66,050 shares; 2025Q3: 66,050 shares; 2025Q4: 66,050 shares 66,050$31.9M1.64%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,500 shares; 2024Q4: 139,300 shares; 2025Q1: 139,550 shares; 2025Q2: 139,550 shares; 2025Q3: 139,550 shares; 2025Q4: 139,950 shares 139,950$26.1M1.34%+400Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 700,000 shares; 2025Q4: 1,160,000 shares 1,160,000$19.1M0.98%+460,000Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 208,500 shares; 2024Q4: 205,807 shares; 2025Q1: 204,607 shares; 2025Q2: 176,707 shares; 2025Q3: 168,857 shares; 2025Q4: 168,857 shares 168,857$17.8M0.91%0Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 214,464 shares; 2024Q4: 223,164 shares; 2025Q1: 284,264 shares; 2025Q2: 281,264 shares; 2025Q3: 280,564 shares; 2025Q4: 280,564 shares 280,564$15.1M0.78%0Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,500 shares; 2024Q4: 73,327 shares; 2025Q1: 68,187 shares; 2025Q2: 66,187 shares; 2025Q3: 64,187 shares; 2025Q4: 64,187 shares 64,187$13.3M0.68%0Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,499 shares; 2024Q4: 146,499 shares; 2025Q1: 136,499 shares; 2025Q2: 126,499 shares; 2025Q3: 131,299 shares; 2025Q4: 95,899 shares 95,899$12.1M0.62%-35,400Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,500 shares; 2024Q4: 101,500 shares; 2025Q1: 101,500 shares; 2025Q2: 101,500 shares; 2025Q3: 101,500 shares; 2025Q4: 101,500 shares 101,500$11.5M0.59%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares; 2025Q4: 20,000 shares 20,000$11.4M0.59%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,241 shares; 2024Q4: 21,241 shares; 2025Q1: 21,241 shares; 2025Q2: 21,241 shares; 2025Q3: 21,237 shares; 2025Q4: 21,237 shares 21,237$10.7M0.55%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,100 shares; 2024Q4: 20,100 shares; 2025Q1: 24,340 shares; 2025Q2: 36,580 shares; 2025Q3: 36,580 shares; 2025Q4: 36,580 shares 36,580$8.44M0.43%0Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,871 shares; 2024Q4: 44,871 shares; 2025Q1: 44,871 shares; 2025Q2: 44,871 shares; 2025Q3: 44,871 shares; 2025Q4: 44,871 shares 44,871$6.43M0.33%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,660 shares; 2024Q4: 17,660 shares; 2025Q1: 17,660 shares; 2025Q2: 17,660 shares; 2025Q3: 17,660 shares; 2025Q4: 17,660 shares 17,660$5.54M0.29%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,980 shares; 2024Q4: 15,980 shares; 2025Q1: 15,980 shares; 2025Q2: 15,980 shares; 2025Q3: 15,980 shares; 2025Q4: 15,980 shares 15,980$5M0.26%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6 shares; 2024Q4: 6 shares; 2025Q1: 6 shares; 2025Q2: 6 shares; 2025Q3: 6 shares; 2025Q4: 6 shares 6$4.53M0.23%0Timeline
ZBHZIMMER BIOMET HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,900 shares; 2024Q4: 53,850 shares; 2025Q1: 53,850 shares; 2025Q2: 53,850 shares; 2025Q3: 53,850 shares; 2025Q4: 42,079 shares 42,079$3.78M0.19%-11,771Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,704 shares; 2024Q4: 108,704 shares; 2025Q1: 108,704 shares; 2025Q2: 108,704 shares; 2025Q3: 107,704 shares; 2025Q4: 107,704 shares 107,704$3.45M0.18%0Timeline
KMBKIMBERLY-CLARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,000 shares; 2024Q4: 54,000 shares; 2025Q1: 49,000 shares; 2025Q2: 29,000 shares; 2025Q3: 29,000 shares; 2025Q4: 29,000 shares 29,000$2.93M0.15%0Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,550 shares; 2024Q4: 11,550 shares; 2025Q1: 11,550 shares; 2025Q2: 11,550 shares; 2025Q3: 11,550 shares; 2025Q4: 11,550 shares 11,550$1.76M0.09%0Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,146 shares; 2024Q4: 51,146 shares; 2025Q1: 47,633 shares; 2025Q2: 47,633 shares; 2025Q3: 47,178 shares; 2025Q4: 47,178 shares 47,178$1.17M0.06%0Timeline
WTRGESSENTIAL UTILS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,041 shares; 2024Q4: 26,041 shares; 2025Q1: 26,041 shares; 2025Q2: 26,041 shares; 2025Q3: 26,041 shares; 2025Q4: 26,041 shares 26,041$999K0.05%0Timeline
MCDMCDONALDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 3,000 shares; 2025Q1: 3,000 shares; 2025Q2: 3,000 shares; 2025Q3: 3,000 shares; 2025Q4: 3,000 shares 3,000$917K0.05%0Timeline
RMDRESMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,400 shares; 2024Q4: 3,400 shares; 2025Q1: 3,400 shares; 2025Q2: 3,400 shares; 2025Q3: 3,400 shares; 2025Q4: 3,400 shares 3,400$819K0.04%0Timeline
AWKAMERICAN WTR WKS CO INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,000 shares; 2024Q4: 6,000 shares; 2025Q1: 6,000 shares; 2025Q2: 6,000 shares; 2025Q3: 6,000 shares; 2025Q4: 6,000 shares 6,000$783K0.04%0Timeline
AWRAMER STATES WTR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,800 shares; 2024Q4: 10,800 shares; 2025Q1: 10,800 shares; 2025Q2: 10,800 shares; 2025Q3: 10,800 shares; 2025Q4: 10,800 shares 10,800$783K0.04%0Timeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,200 shares; 2024Q4: 4,200 shares; 2025Q1: 4,200 shares; 2025Q2: 4,200 shares; 2025Q3: 4,200 shares; 2025Q4: 4,200 shares 4,200$674K0.03%0Timeline
WYWEYERHAEUSER COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,240 shares; 2024Q4: 26,240 shares; 2025Q1: 26,240 shares; 2025Q2: 26,240 shares; 2025Q3: 26,240 shares; 2025Q4: 26,240 shares 26,240$622K0.03%0Timeline
ELANELANCO ANIMAL HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,803 shares; 2024Q4: 19,803 shares; 2025Q1: 19,803 shares; 2025Q2: 19,803 shares; 2025Q3: 19,803 shares; 2025Q4: 18,891 shares 18,891$428K0.02%-912Timeline
FFIVF5 INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,600 shares; 2024Q4: 1,600 shares; 2025Q1: 1,600 shares; 2025Q2: 1,600 shares; 2025Q3: 1,600 shares; 2025Q4: 1,600 shares 1,600$408K0.02%0Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,000 shares; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares; 2025Q4: 5,000 shares 5,000$395K0.02%0Timeline
PCHPOTLATCHDELTIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,540 shares; 2024Q4: 8,540 shares; 2025Q1: 8,540 shares; 2025Q2: 8,540 shares; 2025Q3: 8,540 shares; 2025Q4: 8,540 shares 8,540$340K0.02%0Timeline
MSEXMIDDLESEX WTR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,666 shares; 2024Q4: 6,666 shares; 2025Q1: 6,666 shares; 2025Q2: 6,666 shares; 2025Q3: 6,666 shares; 2025Q4: 6,666 shares 6,666$336K0.02%0Timeline
CWTCALIFORNIA WTR SVC GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,600 shares; 2024Q4: 7,600 shares; 2025Q1: 7,600 shares; 2025Q2: 7,600 shares; 2025Q3: 7,600 shares; 2025Q4: 7,600 shares 7,600$329K0.02%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 478 shares; 2024Q4: 478 shares; 2025Q1: 478 shares; 2025Q2: 478 shares; 2025Q3: 478 shares; 2025Q4: 478 shares 478$326K0.02%0Timeline
MDYSTATE STR SPDR S&P MIDCAP 40Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 351 shares; 2024Q4: 351 shares; 2025Q1: 351 shares; 2025Q2: 351 shares; 2025Q3: 351 shares; 2025Q4: 351 shares 351$212K0.01%0Timeline
RYNRAYONIER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,250 shares; 2024Q4: 8,250 shares; 2025Q1: 8,670 shares; 2025Q2: 8,670 shares; 2025Q3: 8,670 shares; 2025Q4: 9,093 shares 9,093$197K0.01%+423Timeline
HSYHERSHEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600 shares; 2024Q4: 600 shares; 2025Q1: 600 shares; 2025Q2: 600 shares; 2025Q3: 600 shares; 2025Q4: 600 shares 600$109K0.01%0Timeline
MGNIMAGNITE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,779 shares; 2024Q4: 11,622 shares; 2025Q1: 11,622 shares; 2025Q2: 11,622 shares; 2025Q3: 11,622 shares; 2025Q4: 5,991 shares 5,991$97.2K0.01%-5,631Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200 shares; 2024Q4: 200 shares; 2025Q1: 200 shares; 2025Q2: 200 shares; 2025Q3: 200 shares; 2025Q4: 200 shares 200$89.9K<0.01%0Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50 shares; 2025Q4: 650 shares 650$60.9K<0.01%+600Timeline
NSCNORFOLK SOUTHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200 shares; 2024Q4: 200 shares; 2025Q1: 200 shares; 2025Q2: 200 shares; 2025Q3: 200 shares; 2025Q4: 200 shares 200$57.7K<0.01%0Timeline
TRTOOTSIE ROLL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,242 shares; 2024Q4: 1,242 shares; 2025Q1: 1,242 shares; 2025Q2: 1,279 shares; 2025Q3: 1,279 shares; 2025Q4: 1,279 shares 1,279$46.9K<0.01%0Timeline
AVNSAVANOS MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,518 shares; 2024Q4: 3,098 shares; 2025Q1: 3,098 shares; 2025Q2: 3,098 shares; 2025Q3: 3,098 shares; 2025Q4: 2,375 shares 2,375$26.7K<0.01%-723Timeline
EDCONSOLIDATED EDISON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253 shares; 2024Q4: 253 shares; 2025Q1: 253 shares; 2025Q2: 253 shares; 2025Q3: 253 shares; 2025Q4: 253 shares 253$25.1K<0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KVUEKENVUE INC86,184$1.4Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000872162-26-000002 base2026-02-13acceptance time not in the bulk data set