BLACKHILL CAPITAL INC

Q1 2014 13F-HR Holdings

Location
Morristown, NJ
Holdings as of
3/31/2014
Date filed
4/28/2014
Form type
13F-HR
Num holdings
95
Total value ($000)
$693,438
Net value change ($000)
+36,440 (5.5%)
New positions
4
Sold out positions
25
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
WSM 43,994 15.6%
JNJ 1,336 7.1%
DISNEY WALT CO DISNEY COM 1,097 5.7%
PFE 1,009 4.3%
LLY 999 9.4%
CIM 612 NEW
KMB 612 5.5%
CAT 513 9.4%
EXPRESS SCRIPTS 409 2.8%
AMERICAN STS WTR CO COM 349 NEW
Top Reduces (Value $000, Stocks/ETFs)
KINDER MORGAN MANAGE -1,796 -5.5%
ZTS -1,571 -11.3%
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER -1,464 -91.6%
PM -1,239 -10.8%
PG -1,089 -11.4%
COACH INC -1,042 -11.5%
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER -845 -11.3%
EL PASO PIPELINE PARTNERS L P COM UNIT LTD -796 -20.2%
GE -727 -7.6%
ABBV -685 -4.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type