Blackhill Capital Inc.
Blackhill Capital, Inc. is an independent registered investment advisory firm based in Morristown, NJ. Founded in 1988 by Cary Schwartz, the firm primarily serves high net worth individuals, multi-generational families, family groups, and charitable foundations across the United States and Europe. Distinguished by its highly personalized service and a reputation for integrity and confidentiality, Blackhill Capital manages portfolios for various trust account structures, family partnerships, private foundations, and corporations. The firm is small, with two investment professionals and over 30 individual clients.
Investment Strategy
Blackhill Capital follows a conservative, long-term value-oriented investment approach, emphasizing after-tax capital appreciation. The firm primarily invests in medium-to-large capitalization, global franchise equities that are well-managed and shareholder-oriented. Its disciplined investment process centers on thorough financial analysis and an objective appraisal of management, with a one-to-five year holding horizon. Portfolio turnover, transaction costs, and taxes are kept low. Every portfolio is tailored to the client's risk appetite and individual goals, and reviewed daily for significant market events. Blackhill's strategy aims to identify undervalued companies before they are broadly recognized by the market.
Latest 13F Filing Activity
Blackhill Capital Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 49 equity positions with a total 13F market value of $2B. The fund increased holdings in Williams Sonoma Inc. Com, Nvidia Corp. Com, Microsoft Corp. Com among other positions. Blackhill Capital Inc. reduced exposure to Abbvie Inc. Com, Lilly Eli & Co. Com, Apple Inc. Com among others.
Top Holdings
Equity Positions (49)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
W WSM | WILLIAMS SONOMA INC COM | 72.78% | $1.26B | 7,725,571 | $29.01 | $163.37 | +$31.3M |
L LLY | LILLY ELI & CO COM | 6.58% | $114.1M | 146,358 | $64.39 | $779.53 | -$6.8M |
A AAPL | APPLE INC COM | 3.03% | $52.5M | 255,800 | $32.73 | $205.17 | -$5.6M |
A ABBV | ABBVIE INC COM | 2.71% | $46.9M | 252,810 | $70.69 | $185.62 | -$7.3M |
A ABT | ABBOTT LABS COM | 2.18% | $37.8M | 278,230 | $37.08 | $136.01 | -$1.7M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
M Marcella F | Vice President | New York, NY , United States |