Blackhill Capital Takes 3.9M Share Stake in Williams Sonoma

TL;DR

**Blackhill Capital just bought 3.9M shares of Williams Sonoma, signaling a big new institutional bet.**

AI Summary

Blackhill Capital Inc. has reported an initial beneficial ownership of 3,945,820 shares of Williams Sonoma, Inc. common stock as of December 31, 2023. This filing, an SC 13G, indicates that Blackhill Capital Inc. now holds a significant stake in the home furnishings retailer. This matters to investors because a large institutional investor taking a substantial position can signal confidence in the company's future prospects, potentially influencing other investors and the stock price.

Why It Matters

This filing reveals a new, significant institutional investor in Williams Sonoma, which can be a vote of confidence and potentially attract further investment interest.

Risk Assessment

Risk Level: low — This filing indicates an institutional investment, which is generally a positive signal and does not inherently introduce significant risk.

Analyst Insight

A smart investor would research Blackhill Capital Inc.'s investment philosophy and track record to understand the potential implications of their significant stake in Williams Sonoma, and consider this as a positive signal for the stock.

Key Numbers

• 3,945,820 — Shares Beneficially Owned (Total shares of Williams Sonoma, Inc. common stock held by Blackhill Capital Inc.)

Key Players & Entities

• Blackhill Capital Inc. (company) — the reporting person and beneficial owner
• Williams Sonoma, Inc. (company) — the subject company (issuer)
• 3,945,820 (dollar_amount) — shares beneficially owned by Blackhill Capital Inc.
• December 31, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Williams Sonoma's stock price may see increased stability or upward pressure due to this significant institutional investment. (Williams Sonoma, Inc.) — medium confidence, target: Next 3-6 months

FAQ

From the Filing

0000872162-24-000004.txt : 20240212 0000872162-24-000004.hdr.sgml : 20240212 20240212155536 ACCESSION NUMBER: 0000872162-24-000004 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS SONOMA INC CENTRAL INDEX KEY: 0000719955 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 942203880 STATE OF INCORPORATION: CA FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-34724 FILM NUMBER: 24619709 BUSINESS ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 BUSINESS PHONE: 415-421-7900 MAIL ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLACKHILL CAPITAL INC CENTRAL INDEX KEY: 0000872162 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13G 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 SC 13G 1 sc13g02122024.txt SC 13G 1 fp0006480_sc13g.htm SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 1)* Williams Sonoma, Inc. (Name of Issuer) Common Stock, Par Value $0.01 (Title of Class of Securities) 969904101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ x ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 969904101 13G Page 2 of 5 Pages 1 NAMES OF REPORTING PERSONS Blackhill Capital, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of New Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 3,945,820 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 3,945,820 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,945,820 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.15% 12 TYPE OF REPORTING PERSON IA CUSIP NO. 969904101 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer: Williams Sonoma, Inc. (b) Address of Issuers Principal Executive Offices: 3250 Van Ness Avenue San Francisco, California 94109 Item 2. (a) Name of Person Filing: Blackhill Capital, Inc. (b) Address of Principal Business Office or, if None, Residence: 161 Madison Avenue Morristown, NJ 07960 (c) Citizenship: State of New Jersey (d) Title of Class of Securities: Common Stock, Par Value $0.01 (e) CUSIP Number: 969904101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company