BLACKHILL CAPITAL INC Diversified Active

Location: MORRISTOWN, NJ

CIK: 0000872162 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $1,942,845 (100.0% shares, 0.0% debt)

Holdings (49)

Increased Positions (3)

ET ENERGY TRANSFER L P COM UNIT L 1.2%

Value ($000) $23,160 (+21.1%) Shares 1,200,000 (+3.4%) Est. Cost $16.97 Unrealized —

ABBV ABBVIE INC COM 2.9%

Value ($000) $57,224 (+1.3%) Shares 263,110 (+6.5%) Est. Cost $62.64 Unrealized +255.3%

RYN RAYONIER INC COM 0.0%

Value ($000) $508 (+157.9%) Shares 24,622 (+170.8%) Est. Cost $32.41 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER L P COM UNIT L	1,200,000 (+3.4%)	$23,160 (+21.1%)	1.2%	$16.97	—	COM	29273V100
ABBV	ABBVIE INC COM	263,110 (+6.5%)	$57,224 (+1.3%)	2.9%	$62.64	+255.3%	COM	00287Y109
RYN	RAYONIER INC COM	24,622 (+170.8%)	$508 (+157.9%)	0.0%	$32.41	—	COM	754907103

Exited Positions (1)

PCH POTLATCHDELTIC CORP C/A EFF 02 0.0%

Value ($000) $340 Shares 8,540 Est. Cost $39.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PCH	POTLATCHDELTIC CORP C/A EFF 02	8,540	$340	0.0%	$39.47	—	—	737630103

Decreased Positions (1)

BMY BRISTOL MYERS SQUIBB CO COM 0.9%

Value ($000) $16,701 (+10.4%) Shares 275,364 (-1.9%) Est. Cost $46.98 Unrealized +22.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BMY	BRISTOL MYERS SQUIBB CO COM	275,364 (-1.9%)	$16,701 (+10.4%)	0.9%	$46.98	+22.2%	COM	110122108

Unchanged Positions (45)

WSM WILLIAMS SONOMA INC COM 72.1%

Value ($000) $1,401,119 Shares 7,684,524 Est. Cost $80.38 Unrealized +158.6%

LLY LILLY ELI & CO COM 6.9%

Value ($000) $134,030 Shares 145,721 Est. Cost $55.35 Unrealized +1791.9%

CAT CATERPILLAR INC COM 2.2%

Value ($000) $42,153 Shares 59,500 Est. Cost $61.55 Unrealized +1011.9%

MSFT MICROSOFT CORP COM 1.3%

Value ($000) $24,450 Shares 66,050 Est. Cost $84.55 Unrealized +414.0%

ABT ABBOTT LABS COM 1.4%

Value ($000) $27,570 Shares 268,530 Est. Cost $30.97 Unrealized +272.7%

AAPL APPLE INC COM 3.2%

Value ($000) $62,991 Shares 248,200 Est. Cost $86.85 Unrealized +202.6%

MRK MERCK & CO INC NEW COM 1.0%

Value ($000) $20,312 Shares 168,857 Est. Cost $58.21 Unrealized +96.3%

JNJ JOHNSON & JOHNSON COM 0.8%

Value ($000) $15,690 Shares 64,187 Est. Cost $95.36 Unrealized +139.0%

DIS DISNEY WALT CO DISNEY COM 0.5%

Value ($000) $9,783 Shares 101,500 Est. Cost $92.59 Unrealized +18.2%

NVDA NVIDIA CORP COM 1.3%

Value ($000) $24,407 Shares 139,950 Est. Cost $96.39 Unrealized +93.6%

MA MASTERCARD INC CL A 0.5%

Value ($000) $9,993 Shares 20,000 Est. Cost $126.35 Unrealized +326.6%

AMZN AMAZON COM INC COM 0.4%

Value ($000) $7,619 Shares 36,580 Est. Cost $159.69 Unrealized +42.0%

ZTS ZOETIS INC COM 0.6%

Value ($000) $11,336 Shares 95,899 Est. Cost $33.40 Unrealized +277.2%

CVX CHEVRON CORP NEW COM 0.1%

Value ($000) $2,390 Shares 11,550 Est. Cost $71.21 Unrealized +141.4%

EPD ENTERPRISE PRODS PARTNERS L P 0.2%

Value ($000) $4,076 Shares 107,704 Est. Cost $48.97 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL CL 0.5%

Value ($000) $10,177 Shares 21,237 Est. Cost $180.27 Unrealized +173.7%

GOOG ALPHABET INC CAP STK CL C 0.3%

Value ($000) $5,066 Shares 17,660 Est. Cost $107.13 Unrealized +202.1%

GOOGL ALPHABET INC CL A 0.2%

Value ($000) $4,595 Shares 15,980 Est. Cost $106.24 Unrealized +204.3%

BRK/A BERKSHIRE HATHAWAY INC DEL CL 0.2%

Value ($000) $4,309 Shares 6 Est. Cost $165023.42 Unrealized +348.7%

PFE PFIZER INC COM 0.1%

Value ($000) $1,325 Shares 47,178 Est. Cost $19.46 Unrealized +34.5%

KMB KIMBERLY-CLARK CORP COM 0.1%

Value ($000) $2,798 Shares 29,000 Est. Cost $63.06 Unrealized +63.5%

RMD RESMED INC COM 0.0%

Value ($000) $763 Shares 3,400 Est. Cost $114.64 Unrealized +123.2%

FFIV F5 INC COM 0.0%

Value ($000) $463 Shares 1,600 Est. Cost $160.92 Unrealized +69.3%

PG PROCTER & GAMBLE CO COM 0.3%

Value ($000) $6,481 Shares 44,871 Est. Cost $55.74 Unrealized +172.3%

WTRG ESSENTIAL UTILS INC COM 0.1%

Value ($000) $1,049 Shares 26,041 Est. Cost $47.18 Unrealized -17.8%

AWR AMERICAN STS WTR CO COM 0.0%

Value ($000) $817 Shares 10,800 Est. Cost $32.11 Unrealized +127.8%

AWK AMERICAN WTR WKS CO INC NEW CO 0.0%

Value ($000) $817 Shares 6,000 Est. Cost $31.82 Unrealized +304.9%

CL COLGATE PALMOLIVE CO COM 0.0%

Value ($000) $426 Shares 5,000 Est. Cost $44.38 Unrealized +100.0%

MGNI MAGNITE INC COM 0.0%

Value ($000) $71 Shares 5,991 Est. Cost $6.68 Unrealized +106.6%

ELAN ELANCO ANIMAL HEALTH INC COM 0.0%

Value ($000) $452 Shares 18,891 Est. Cost $31.25 Unrealized -21.4%

ZBH ZIMMER BIOMET HLDGS INC COM 0.2%

Value ($000) $3,805 Shares 42,079 Est. Cost $69.42 Unrealized +32.0%

PM PHILIP MORRIS INTL INC COM 0.0%

Value ($000) $694 Shares 4,200 Est. Cost $50.10 Unrealized +251.1%

WY WEYERHAEUSER CO COM 0.0%

Value ($000) $641 Shares 26,240 Est. Cost $21.02 Unrealized +13.2%

TSLA TESLA INC COM 0.0%

Value ($000) $74 Shares 200 Est. Cost $195.37 Unrealized +118.0%

HSY HERSHEY CO COM 0.0%

Value ($000) $125 Shares 600 Est. Cost $77.22 Unrealized +165.1%

MCD MCDONALDS CORP COM 0.0%

Value ($000) $932 Shares 3,000 Est. Cost $71.80 Unrealized +341.9%

CWT CALIFORNIA WTR SVC GROUP COM 0.0%

Value ($000) $345 Shares 7,600 Est. Cost $15.03 Unrealized +196.8%

SPY STATE STR SPDR S&P 500 ETF TR 0.0%

Value ($000) $311 Shares 478 Est. Cost $177.20 Unrealized —

MSEX MIDDLESEX WTR CO COM 0.0%

Value ($000) $347 Shares 6,666 Est. Cost $19.42 Unrealized +171.8%

TR TOOTSIE ROLL INDS INC COM 0.0%

Value ($000) $55 Shares 1,279 Est. Cost $25.19 Unrealized +53.8%

AVNS AVANOS MED INC COM 0.0%

Value ($000) $33 Shares 2,375 Est. Cost $64.35 Unrealized -79.2%

MDY SPDR S&P MIDCAP 400 ETF TR UNI 0.0%

Value ($000) $216 Shares 351 Est. Cost $209.84 Unrealized —

ED CONSOLIDATED EDISON INC COM 0.0%

Value ($000) $29 Shares 253 Est. Cost $37.50 Unrealized +180.9%

NFLX NETFLIX INC COM 0.0%

Value ($000) $62 Shares 650 Est. Cost $108.91 Unrealized -23.0%

NSC NORFOLK SOUTHN CORP COM 0.0%

Value ($000) $57 Shares 200 Est. Cost $57.67 Unrealized +417.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WSM	WILLIAMS SONOMA INC COM	7,684,524	$1,401,119	72.1%	$80.38	+158.6%	COM	969904101
LLY	LILLY ELI & CO COM	145,721	$134,030	6.9%	$55.35	+1791.9%	COM	532457108
CAT	CATERPILLAR INC COM	59,500	$42,153	2.2%	$61.55	+1011.9%	COM	149123101
MSFT	MICROSOFT CORP COM	66,050	$24,450	1.3%	$84.55	+414.0%	COM	594918104
ABT	ABBOTT LABS COM	268,530	$27,570	1.4%	$30.97	+272.7%	COM	002824100
AAPL	APPLE INC COM	248,200	$62,991	3.2%	$86.85	+202.6%	COM	037833100
MRK	MERCK & CO INC NEW COM	168,857	$20,312	1.0%	$58.21	+96.3%	COM	58933Y105
JNJ	JOHNSON & JOHNSON COM	64,187	$15,690	0.8%	$95.36	+139.0%	COM	478160104
DIS	DISNEY WALT CO DISNEY COM	101,500	$9,783	0.5%	$92.59	+18.2%	COM	254687106
NVDA	NVIDIA CORP COM	139,950	$24,407	1.3%	$96.39	+93.6%	COM	67066G104
MA	MASTERCARD INC CL A	20,000	$9,993	0.5%	$126.35	+326.6%	COM	57636Q104
AMZN	AMAZON COM INC COM	36,580	$7,619	0.4%	$159.69	+42.0%	COM	023135106
ZTS	ZOETIS INC COM	95,899	$11,336	0.6%	$33.40	+277.2%	COM	98978V103
CVX	CHEVRON CORP NEW COM	11,550	$2,390	0.1%	$71.21	+141.4%	COM	166764100
EPD	ENTERPRISE PRODS PARTNERS L P	107,704	$4,076	0.2%	$48.97	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	21,237	$10,177	0.5%	$180.27	+173.7%	COM	084670702
GOOG	ALPHABET INC CAP STK CL C	17,660	$5,066	0.3%	$107.13	+202.1%	COM	02079K107
GOOGL	ALPHABET INC CL A	15,980	$4,595	0.2%	$106.24	+204.3%	COM	02079K305
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	6	$4,309	0.2%	$165023.42	+348.7%	COM	084670108
PFE	PFIZER INC COM	47,178	$1,325	0.1%	$19.46	+34.5%	COM	717081103
KMB	KIMBERLY-CLARK CORP COM	29,000	$2,798	0.1%	$63.06	+63.5%	COM	494368103
RMD	RESMED INC COM	3,400	$763	0.0%	$114.64	+123.2%	COM	761152107
FFIV	F5 INC COM	1,600	$463	0.0%	$160.92	+69.3%	COM	315616102
PG	PROCTER & GAMBLE CO COM	44,871	$6,481	0.3%	$55.74	+172.3%	COM	742718109
WTRG	ESSENTIAL UTILS INC COM	26,041	$1,049	0.1%	$47.18	-17.8%	COM	29670G102
AWR	AMERICAN STS WTR CO COM	10,800	$817	0.0%	$32.11	+127.8%	COM	029899101
AWK	AMERICAN WTR WKS CO INC NEW CO	6,000	$817	0.0%	$31.82	+304.9%	COM	030420103
CL	COLGATE PALMOLIVE CO COM	5,000	$426	0.0%	$44.38	+100.0%	COM	194162103
MGNI	MAGNITE INC COM	5,991	$71	0.0%	$6.68	+106.6%	COM	55955D100
ELAN	ELANCO ANIMAL HEALTH INC COM	18,891	$452	0.0%	$31.25	-21.4%	COM	28414H103
ZBH	ZIMMER BIOMET HLDGS INC COM	42,079	$3,805	0.2%	$69.42	+32.0%	COM	98956P102
PM	PHILIP MORRIS INTL INC COM	4,200	$694	0.0%	$50.10	+251.1%	COM	718172109
WY	WEYERHAEUSER CO COM	26,240	$641	0.0%	$21.02	+13.2%	COM	962166104
TSLA	TESLA INC COM	200	$74	0.0%	$195.37	+118.0%	COM	88160R101
HSY	HERSHEY CO COM	600	$125	0.0%	$77.22	+165.1%	COM	427866108
MCD	MCDONALDS CORP COM	3,000	$932	0.0%	$71.80	+341.9%	COM	580135101
CWT	CALIFORNIA WTR SVC GROUP COM	7,600	$345	0.0%	$15.03	+196.8%	COM	130788102
SPY	STATE STR SPDR S&P 500 ETF TR	478	$311	0.0%	$177.20	—	COM	78462F103
MSEX	MIDDLESEX WTR CO COM	6,666	$347	0.0%	$19.42	+171.8%	COM	596680108
TR	TOOTSIE ROLL INDS INC COM	1,279	$55	0.0%	$25.19	+53.8%	COM	890516107
AVNS	AVANOS MED INC COM	2,375	$33	0.0%	$64.35	-79.2%	COM	05350V106
MDY	SPDR S&P MIDCAP 400 ETF TR UNI	351	$216	0.0%	$209.84	—	COM	78467Y107
ED	CONSOLIDATED EDISON INC COM	253	$29	0.0%	$37.50	+180.9%	COM	209115104
NFLX	NETFLIX INC COM	650	$62	0.0%	$108.91	-23.0%	COM	64110L106
NSC	NORFOLK SOUTHN CORP COM	200	$57	0.0%	$57.67	+417.0%	COM	655844108