SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Bull Street Advisors, LLC

CIK 0001790837 · 500 COMMERCIAL CT, SUITE 4, SAVANNAH, GA, 31406 · 9124415185

Reported Value
$193M
Q4 2022
Positions
90
Filings on Record
27
2019–present window
Filed
Feb 28, 2023
original filing

Summary

Bull Street Advisors, LLC reported $193M in U.S.-listed holdings across 90 positions for Q4 2022.

Its largest position, VGSH, represents 5.0% of the portfolio.

Compared with Q3 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+35.1%
share of reported value
Largest Position
+5.0%
Vanguard Sh Term Govt Etf
New / Exited
2 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q3 ’19: $107MQ3 ’19Q4 ’19: $114MQ1 ’20: $112MQ2 ’20: $130MQ3 ’20: $146MQ3 ’20Q4 ’20: $166MQ1 ’21: $177MQ2 ’21: $187MQ3 ’21: $194MQ3 ’21Q4 ’21: $210MQ1 ’22: $206MQ2 ’22: $187MQ3 ’22: $178MQ3 ’22Q4 ’22: $193MQ1 ’23: $193MQ2 ’23: $195MQ3 ’23: $189MQ3 ’23Q4 ’23: $198MQ1 ’24: $209MQ2 ’24: $207MQ3 ’24: $215MQ3 ’24Q4 ’24: $207MQ1 ’25: $209MQ2 ’25: $208MQ3 ’25: $214MQ3 ’25Q4 ’25: $215MQ1 ’26: $202Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 69.7%ETP: 26.4%REIT: 1.4%ADR: 1.4%Other: 0.9%MLP: 0.1%
  • Common Stock · 69.7% · $134M
  • ETP · 26.4% · $51M
  • REIT · 1.4% · $3M
  • ADR · 1.4% · $3M
  • Other · 0.9% · $2M
  • MLP · 0.1% · $254,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABoeing CompanyNEW+1.7K1.7K+$326,000$326,000
SLBSchlumberger Ltd.NEW+3.8K3.8K+$201,000$201,000
Norzinc LtdSOLD OUT−232.3K0−$6,000$0
AFLAFLAC Inc.TRIMMED−8.9K8.1K−$376,000$580,000
BDXBecton Dickinson & Co.TRIMMED−1.5K1.8K−$278,000$452,000
PFFS&P Preferred Stock ETFTRIMMED−5.0K25.8K−$186,000$788,000
VGSHVanguard Sh Term Govt ETFADDED+20.4K167.3K+$1M$10M
DDDuPont de Nemours Inc.ADDED+1.6K13.5K+$325,000$927,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

89 positions (from 90 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGSHVanguard Sh Term Govt ETFhistory →OTR5.02%$10M167.3K
2BSVVanguard Sh Term Bond ETFhistory →OTR4.90%$9M125.4K
3JNJJohnson & Johnsonhistory →COM4.40%$8M48.0K
4KOCoca-Cola Companyhistory →COM3.52%$7M106.5K
5TJXTJX Companies Inc.history →COM3.08%$6M74.5K
6HDHome Depot Inc.history →COM3.02%$6M18.4K
7DHRDanaher Corporationhistory →COM2.90%$6M21.1K
8TIPIShares Barclays TIPS ETFhistory →OTR2.81%$5M50.9K
9AAPLApple Inc.history →COM2.77%$5M41.0K
10VCSHVanguard Sh Term Corp ETFhistory →OTR2.69%$5M68.9K
11IGSBIShares ST Corp Bond ETFhistory →OTR2.54%$5M98.3K
12MSFTMicrosoft Corporationhistory →COM2.45%$5M19.7K
13VCITVanguard Interm Corp ETFhistory →OTR2.34%$5M58.2K
14VGITVanguard Interm Govt ETFhistory →OTR2.15%$4M70.9K
15EXMOCExxon Mobil Corporationhistory →COM2.15%$4M37.5K
16COSTCostco Wholesale Corphistory →COM2.05%$4M8.7K
17PEPPepsiCo, Inc.history →COM1.88%$4M20.0K
18SYYSysco Corporationhistory →COM1.88%$4M47.3K
19PGProcter & Gamble Co.history →COM1.85%$4M23.5K
20ELVElevance Health, Inc.history →COM1.83%$4M6.9K
21AMGNAmgen Inc.history →COM1.76%$3M12.9K
22FISVFiserv Inc.history →COM1.71%$3M32.6K
23ADPAutomatic Data Processing Inc.history →COM1.71%$3M13.8K
24BRK/BBerkshire Hathaway Class Bhistory →COM1.64%$3M10.2K
25HONHoneywell Intl Inchistory →COM1.64%$3M14.7K
26MDLZMondelez International Inchistory →COM1.59%$3M46.0K
27PFEPfizer Inc.history →COM1.41%$3M53.0K
28CVXChevron Corphistory →COM1.36%$3M14.6K
29GOOGLAlphabet Inc. Class ACOM1.21%$2M26.3K
30JPMJPMorgan Chase & Cohistory →COM1.19%$2M17.1K
31DISWalt Disney Companyhistory →COM1.16%$2M25.8K
32SUBIShares S&P ST AMT Free ETFhistory →OTR1.05%$2M19.4K
33RTXRaytheon Technologies CorpCOM0.97%$2M18.5K
34EMREmerson Electric Co.COM0.93%$2M18.6K
35SPDR S&P 500 ETF TrustOTR0.93%$2M4.7K
36GISGeneral Mills Inc.COM0.92%$2M21.3K
37AXPAmerican Express Co.COM0.91%$2M11.8K
38RSGRepublic Services Inc.COM0.83%$2M12.4K
39MRKMerck & Co. Inc.COM0.82%$2M14.2K
40CMCSAComcast cl ACOM0.79%$2M43.6K
41DUKDuke Energy CorpCOM0.79%$2M14.8K
42CSCOCisco Systems Inc.COM0.79%$2M31.9K
43DEODiageo PLC ADSCOM0.77%$1M8.3K
44ABTAbbott LaboratoriesCOM0.76%$1M13.4K
45CPTCamden Property TrustCOM0.74%$1M12.7K
46USBU.S. BancorpCOM0.72%$1M32.0K
47COPConocoPhillipsCOM0.70%$1M11.4K
48UNPUnion Pacific Corp.COM0.66%$1M6.2K
49NUENucor CorporationCOM0.64%$1M9.4K
50NVONovo-Nordisk A/SCOM0.62%$1M8.9K
51FTVFortive CorporationCOM0.62%$1M18.6K
52VTIVanguard Total Stock MktOTR0.61%$1M6.1K
53DDominion Energy, Inc.COM0.60%$1M18.7K
54SYKStryker CorpCOM0.55%$1M4.3K
55GPCGenuine Parts CompanyCOM0.54%$1M6.0K
56BNDVanguard Tot Bond ETFOTR0.51%$987,00013.7K
57DDDuPont de Nemours Inc.COM0.48%$927,00013.5K
58VZVerizon Communications, Inc.COM0.47%$915,00023.2K
59AVBAvalonbay CommunitiesCOM0.46%$879,0005.4K
60INTCIntel CorporationCOM0.45%$865,00032.7K
61VXFVanguard Ext Mkt ETFOTR0.45%$862,0006.5K
62PSXPhillips 66COM0.42%$807,0007.8K
63PFFS&P Preferred Stock ETFOTR0.41%$788,00025.8K
64MSMorgan StanleyCOM0.37%$712,0008.4K
65CLColgate-Palmolive CoCOM0.36%$698,0008.9K
66CVSCVS Health CorporationCOM0.34%$659,0007.1K
67CBChubb LimitedCOM0.34%$657,0003.0K
68AFLAFLAC Inc.COM0.30%$580,0008.1K
69VEUVanguard FTSE All-World ex-USOTR0.27%$526,00010.5K
70MUSAMurphy USA, Inc.COM0.26%$498,0001.8K
71EQREquity Residential PropertiesCOM0.25%$484,0008.2K
72NKENike Inc cl BCOM0.24%$469,0004.0K
73BDXBecton Dickinson & Co.COM0.23%$452,0001.8K
74DVYIShares Select Dividend ETFOTR0.23%$437,0003.6K
75CARRCarrier Global CorpCOM0.22%$429,00010.4K
76CICigna CorporationCOM0.22%$423,0001.3K
77OTISOtis Worldwide CorpCOM0.21%$407,0005.2K
78GSGoldman Sachs Group IncCOM0.18%$346,0001.0K
79BABoeing CompanyCOM0.17%$326,0001.7K
80GLDSPDR Gold TrustOTR0.16%$310,0001.8K
81MMM3M CompanyCOM0.15%$287,0002.4K
82IJHiShares S&P Midcap 400OTR0.14%$278,0001.1K
83CTVACorteva Inc.COM0.14%$262,0004.5K
84EPDEnterprise Products Part LPCOM0.13%$254,00010.6K
85EFAiShr MSCI EAFE ETFOTR0.13%$253,0003.9K
86BACBank of America CorpCOM0.13%$248,0007.5K
87DOWDow Inc.COM0.13%$247,0004.9K
88LOWLowes Companies Inc.COM0.12%$224,0001.1K
89SLBSchlumberger Ltd.COM0.10%$201,0003.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$202M94Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$215M92Jan 28, 202613F-HRchanges · EDGAR ↗
Q3 2025$214M89Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$208M89Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$209M89Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$207M89Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$215M91Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$207M91Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$209M92Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$198M89Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$189M90Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$195M90Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$193M89Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$193M90Feb 28, 202313F-HRchanges · EDGAR ↗
Q3 2022$178M89Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$187M91Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$206M94May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$210M95Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$194M94Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$187M94Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$177M93May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$166M90Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$146M90Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$130M88Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$112M81May 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$114M87Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$107M87Nov 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.