Blackhill Capital, Inc

SEC-registered Wealth Manager · Mid-sized ($1B–$10B) CRD 105208 · SEC file 801-32051 · Morristown, NJ · WWW.BLACKHILLCAPITAL.COM

☆ Save with Pro ADV data as of Mar 18, 2026

Regulatory AUM: $2.0B
Discretionary: $2.0B
Clients: 81
Avg AUM / client: $24.7M
Accounts: 83
Employees: 4

AUM over time

$463M $2.0B

Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 18, 2026

Investments (13F portfolio — 49 positions, $1,942,844,648)

13F period Mar 31, 2026

#	Issuer	Class	Value	Shares	% of 13F	% of AUM
1	Williams Sonoma Inc Com	COM	$1,401,119,261	7,684,524	72.1%	70.0%
2	Lilly Eli & Co Com	COM	$134,029,804	145,721	6.9%	6.7%
3	Apple Inc Com	COM	$62,990,678	248,200	3.24%	3.15%
4	Abbvie Inc Com	COM	$57,223,794	263,110	2.95%	2.86%
5	Caterpillar Inc Com	COM	$42,153,370	59,500	2.17%	2.11%
6	Abbott Labs Com	COM	$27,569,975	268,530	1.42%	1.38%
7	Microsoft Corp Com	COM	$24,449,729	66,050	1.26%	1.22%
8	Nvidia Corp Com	COM	$24,407,280	139,950	1.26%	1.22%
9	Energy Transfer L P Com Unit L	COM	$23,160,000	1,200,000	1.19%	1.16%
10	Merck & Co Inc New Com	COM	$20,311,809	168,857	1.05%	1.01%
11	Bristol Myers Squibb Co Com	COM	$16,700,827	275,364	0.86%	0.83%
12	Johnson & Johnson Com	COM	$15,689,870	64,187	0.81%	0.78%
13	Zoetis Inc Com	COM	$11,336,221	95,899	0.58%	0.57%
14	Berkshire Hathaway Inc Del Cl	COM	$10,176,770	21,237	0.52%	0.51%
15	Mastercard Inc Cl A	COM	$9,993,200	20,000	0.51%	0.5%
16	Disney Walt Co Disney Com	COM	$9,782,570	101,500	0.5%	0.49%
17	Amazon Com Inc Com	COM	$7,618,517	36,580	0.39%	0.38%
18	Procter & Gamble Co Com	COM	$6,481,167	44,871	0.33%	0.32%
19	Alphabet Inc Cap Stk Cl C	COM	$5,065,948	17,660	0.26%	0.25%
20	Alphabet Inc Cl A	COM	$4,595,209	15,980	0.24%	0.23%
21	Berkshire Hathaway Inc Del Cl	COM	$4,308,840	6	0.22%	0.22%
22	Enterprise Prods Partners L P	COM	$4,075,519	107,704	0.21%	0.2%
23	Zimmer Biomet Hldgs Inc Com	COM	$3,804,783	42,079	0.2%	0.19%
24	Kimberly Clark Corp Com	COM	$2,797,630	29,000	0.14%	0.14%
25	Chevron Corp New Com	COM	$2,389,695	11,550	0.12%	0.12%

Top 25 of 49 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client type	Clients	AUM	% of AUM
Individuals (non-high net worth)	28	$8.0M	0.4%
High net worth individuals	48	$1.3B	64.4%
Charitable organizations	5	$447M	22.3%
Corporations and other businesses	Fewer than 5 clients	$258M	12.9%

People (3)

roster as of Jul 20, 2026

Name	Role / title	With firm since	Ownership
Cary Michael Schwartz	President & Ceo	Feb 1988 (39y)	75% or more
Mcintyre, Gail, Patricia	Chief Compliance Officer	Jun 2004 (22y)	Less than 5%
Marcella Ottavia Finkel	Registered representative	Jan 2021 (6y)

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	03/18/2026	910 KB	View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

• Percentage of assets under management

Services

• Portfolio management for individuals/small businesses

Custody

Reported custodians

Pershing $2.0B (100% of AUM) Mar 2026

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.

View current Form ADV (SEC/IAPD) ↗