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Blackhill Capital, Inc
Cary M. Schwartz · Investment Advisor · Value
Blackhill Capital, Inc. is an independent registered investment advisory firm headquartered in Morristown, New Jersey. Founded in 1988 by Cary M. Schwartz, a former Goldman Sachs executive, the firm provides tailored investment management services to high-net-worth individuals, multi-generational families, and charitable foundations. Blackhill Capital is known for its disciplined, value-oriented approach, emphasizing long-term capital appreciation and wealth preservation. The firm's strategy focuses on identifying well-managed, large-capitalization global franchises while maintaining low portfolio turnover and high tax efficiency. By operating with a fiduciary standard, the institution focuses on liquid and transparent investments that align with each client's specific financial goals and risk tolerance.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +18.0% |
| YTD return | +21.9% |
| Sharpe ratio | 1.92 |
| Win rate | 60% |
| AUM | $2.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.blackhillcapital.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| WSM | Williams-Sonoma Inc | 73.8% | +15.6% |
| LLY | Eli Lilly and Company | 7.1% | +39.1% |
| AAPL | Apple Inc | 3.4% | +31.1% |
| ABBV | AbbVie Inc | 2.9% | +10.4% |
| CAT | Caterpillar Inc | 2.1% | +62.4% |
| ET | Energy Transfer LP | 1.5% | +13.8% |
| MSFT | Microsoft Corporation | 1.4% | -1.7% |
| NVDA | NVIDIA Corporation | 1.4% | +17.8% |
| MRK | Merck & Company Inc | 1.1% | +60.5% |
| ABT | Abbott Laboratories | 0.8% | -20.7% |
| BMY | Bristol-Myers Squibb Company | 0.8% | +33.1% |
| JNJ | Johnson & Johnson | 0.8% | +42.9% |
| BRK-A | Berkshire Hathaway Inc | 0.6% | +2.5% |
| MA | Mastercard Inc | 0.5% | -0.8% |
| GOOGL | Alphabet Inc Class A | 0.5% | +40.9% |
| DIS | Walt Disney Company | 0.5% | -8.2% |
| AMZN | Amazon.com Inc | 0.4% | +14.6% |
| PG | Procter & Gamble Company | 0.3% | -3.6% |
| ZTS | Zoetis Inc | 0.2% | -50.0% |
| EPD | Enterprise Products Partners LP | 0.2% | +0.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | BUY | BMY | 0.7% → 0.8% |
| Sep 7, 2026 | BUY | PG | 0.3% → 0.3% |
| Sep 7, 2026 | BUY | ABBV | 2.7% → 2.9% |
| Sep 7, 2026 | SELL | MA | 0.5% → 0.5% |
| Sep 7, 2026 | BUY | EPD | 0.0% → 0.2% |
Investment Style Analysis
Blackhill Capital, Inc is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $2.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Specialty Retail and Drug Manufacturers - General sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Blackhill Capital, Inc made a significant move by increasing exposure to BMY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Blackhill Capital's investment philosophy is rooted in a conservative, value-based orientation that prioritizes long-term, after-tax capital appreciation. The firm employs a rigorous research process that includes analyzing financial footnotes and conducting objective appraisals of corporate management to identify undervalued global franchises. With a typical holding period of one to five years, the institution emphasizes patience and a 'circle of competence' approach, avoiding speculative trends in favor of high-quality, shareholder-oriented companies. This strategy is designed to provide steady growth and wealth preservation through a defensive posture and a healthy dose of skepticism toward short-term market fluctuations.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Blackhill Capital, Inc.
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Frequently asked questions
How is the simulated portfolio for Blackhill Capital, Inc constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Blackhill Capital, Inc's largest holding?
As of the latest filing, Blackhill Capital, Inc's top position is Williams-Sonoma Inc (WSM), representing 73.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Blackhill Capital, Inc's historical performance and risk profile?
Our simulation indicates a total return of +18.0% with a win rate of 60%. Notably, the portfolio maintains a Sharpe Ratio of 1.92, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does Blackhill Capital, Inc primarily invest in?
Blackhill Capital, Inc has a strong preference for the Specialty Retail sector, which makes up 73.8% of their disclosed assets. The portfolio also has exposure to Drug Manufacturers - General, indicating a specific thematic focus.
Is Blackhill Capital, Inc's portfolio concentrated or diversified?
Blackhill Capital, Inc runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 84.2% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Blackhill Capital, Inc performed in 2026?
Our AI-simulated model portfolio for Blackhill Capital, Inc tracks a Year-to-Date (YTD) return of +21.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Cary M. Schwartz manage Blackhill Capital, Inc directly?
Yes, Cary M. Schwartz serves as the key portfolio manager for Blackhill Capital, Inc, overseeing the investment strategy and final capital allocation decisions.