# EDGAR Filing Document

**Accession Number:** 0000872162
**File Stem:** 0000872162-23-000002
**Filing Date:** 2023-2
**Character Count:** 8675
**Document Hash:** 95462a32da04c18747670b18d25a07d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000872162-23-000002.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000872162-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKHILL CAPITAL INC
- **CENTRAL INDEX KEY:** 0000872162
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** NJ

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02823
- **FILM NUMBER:** 23617899

**BUSINESS ADDRESS:**
- **STREET 1:** 161 MADISON AVENUE
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960
- **BUSINESS PHONE:** 9739847014

**MAIL ADDRESS:**
- **STREET 1:** 161 MADISON AVENUE
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BLACKHILL CAPITAL INC<br>**Address:** 161 MADISON AVENUE<br>MORRISTOWN, NJ 07960

**Form 13F File Number:** 028-02823

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Cary M. Schwartz<br>**Title:** President<br>**Phone:** 973-984-7014

**Signature, Place, and Date of Signing:**

Cary M. Schwartz  Morristown, NJ  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 52

**Form 13F Information Table Value Total:** $862761970

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS COM | COM | 002824100 |  | 33072042 | 301230 | SH |  | SOLE |  | 301230 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 41947492 | 259560 | SH |  | SOLE |  | 259560 | 0 | 0 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 1566972 | 17660 | SH |  | SOLE |  | 17660 | 0 | 0 |
| ALPHABET INC CL A | COM | 02079K305 |  | 1409915 | 15980 | SH |  | SOLE |  | 15980 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 1688400 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| AMERICAN STS WTR CO COM | COM | 029899101 |  | 999540 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW CO | COM | 030420103 |  | 914520 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 34171590 | 263000 | SH |  | SOLE |  | 263000 | 0 | 0 |
| AVANOS MED INC COM | COM | 05350V106 |  | 153511 | 5673 | SH |  | SOLE |  | 5673 | 0 | 0 |
| BAXTER INTL INC COM | COM | 071813109 |  | 922557 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL | COM | 084670108 |  | 2812266 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL | COM | 084670702 |  | 6717957 | 21748 | SH |  | SOLE |  | 21748 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO COM | COM | 110122108 |  | 31720165 | 440864 | SH |  | SOLE |  | 440864 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP COM | COM | 130788102 |  | 460864 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| CATERPILLAR INS COM | COM | 149123101 |  | 14373600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 2073110 | 11550 | SH |  | SOLE |  | 11550 | 0 | 0 |
| CIGNA CORP NEW COM | COM | 125523100 |  | 7216254 | 21779 | SH |  | SOLE |  | 21779 | 0 | 0 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 393950 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| CONSOLIDATED EDISON INC COM | COM | 209115104 |  | 24113 | 253 | SH |  | SOLE |  | 253 | 0 | 0 |
| DISNEY WALT CO DISNEY COM | COM | 254687106 |  | 13579344 | 156300 | SH |  | SOLE |  | 156300 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC COM | COM | 28414H103 |  | 241993 | 19803 | SH |  | SOLE |  | 19803 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L P | COM | 293792107 |  | 2644758 | 109650 | SH |  | SOLE |  | 109650 | 0 | 0 |
| ESSENTIAL UTILS INC COM | COM | 29670G102 |  | 1242937 | 26041 | SH |  | SOLE |  | 26041 | 0 | 0 |
| F5 INC COM | COM | 315616102 |  | 231625 | 1614 | SH |  | SOLE |  | 1614 | 0 | 0 |
| HERSHEY CO COM | COM | 427866108 |  | 138942 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 163184 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 27880670 | 157830 | SH |  | SOLE |  | 157830 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | COM | 494368103 |  | 9638250 | 71000 | SH |  | SOLE |  | 71000 | 0 | 0 |
| LILLY ELI  CO COM | COM | 532457108 |  | 53827137 | 147133 | SH |  | SOLE |  | 147133 | 0 | 0 |
| MAGELLAN MIDSTREAM PARTNERS LP | COM | 559080106 |  | 1948148 | 38800 | SH |  | SOLE |  | 38800 | 0 | 0 |
| MAGNITE INC COM | COM | 55955D100 |  | 198870 | 18779 | SH |  | SOLE |  | 18779 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 6954600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 790590 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| MEDTRONIC PLC SHS ISIN#IE00BTN | COM | G5960L103 |  | 1879036 | 24177 | SH |  | SOLE |  | 24177 | 0 | 0 |
| MERCK  CO INC NEW COM | COM | 58933Y105 |  | 24031770 | 216600 | SH |  | SOLE |  | 216600 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 17279031 | 72050 | SH |  | SOLE |  | 72050 | 0 | 0 |
| MIDDLESEX WTR CO COM | COM | 596680108 |  | 524414 | 6666 | SH |  | SOLE |  | 6666 | 0 | 0 |
| NIKE INC CL B | COM | 654106103 |  | 163814 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 49284 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 16412223 | 320301 | SH |  | SOLE |  | 320301 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | COM | 718172109 |  | 526292 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| POTLATCHDELTIC CORP COM | COM | 737630103 |  | 375675 | 8540 | SH |  | SOLE |  | 8540 | 0 | 0 |
| PROCTER  GAMBLE CO COM | COM | 742718109 |  | 6800649 | 44871 | SH |  | SOLE |  | 44871 | 0 | 0 |
| RAYONIER INC COM | COM | 754907103 |  | 271920 | 8250 | SH |  | SOLE |  | 8250 | 0 | 0 |
| RESMED INC COM | COM | 761152107 |  | 1415284 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462F103 |  | 182802 | 478 | SH |  | SOLE |  | 478 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR UNI | COM | 78467Y107 |  | 155419 | 351 | SH |  | SOLE |  | 351 | 0 | 0 |
| TOOTSIE ROLL INDS INC COM | COM | 890516107 |  | 49849 | 1171 | SH |  | SOLE |  | 1171 | 0 | 0 |
| WEYERHAEUSER CO COM | COM | 962166104 |  | 813440 | 26240 | SH |  | SOLE |  | 26240 | 0 | 0 |
| WILLIAMS SONOMA INC COM | COM | 969904101 |  | 454091440 | 3951370 | SH |  | SOLE |  | 3951370 | 0 | 0 |
| ZIMMER BIOMET HLDGS INC COM | COM | 98956P102 |  | 10601625 | 83150 | SH |  | SOLE |  | 83150 | 0 | 0 |
| ZOETIS INC COM | COM | 98978V103 |  | 25018137 | 170714 | SH |  | SOLE |  | 170714 | 0 | 0 |

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