SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$193M
Q1 2023
Positions
89
Filings on Record
27
2019–present window
Filed
Apr 26, 2023
original filing

Summary

Bull Street Advisors, LLC reported $193M in U.S.-listed holdings across 89 positions for Q1 2023.

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

Compared with Q4 2022, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+35.1%
share of reported value
Largest Position
+5.0%
Vanguard Sh Term Govt Etf

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: 69.2%ETP: 26.7%ADR: 1.5%REIT: 1.4%Other: 1.0%MLP: 0.1%
  • Common Stock · 69.2% · $133M
  • ETP · 26.7% · $52M
  • ADR · 1.5% · $3M
  • REIT · 1.4% · $3M
  • Other · 1.0% · $2M
  • MLP · 0.1% · $273,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLBSchlumberger Ltd.SOLD OUT−3.8K0−$201,000$0
PFFS&P Preferred Stock ETFTRIMMED−3.0K22.9K−$74,000$714,000
INTCIntel CorporationTRIMMED−2.2K30.5K+$132,000$997,000
DEODiageo PLC ADSTRIMMED−5007.8K−$66,000$1M
GOOGAlphabet Inc. Class CHELD−50010.8K+$120,000$1M
BRK/BBerkshire Hathaway Class BHELD−4509.8K−$141,000$3M
HONHoneywell Intl IncHELD−53114.2K−$443,000$3M
CTVACorteva Inc.HELD−1584.3K−$3,000$259,000

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

Holdings — Q1 2023

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGSHVanguard Sh Term Govt ETFhistory →OTR5.04%$10M166.1K
2BSVVanguard Sh Term Bond ETFhistory →OTR4.88%$9M122.9K
3JNJJohnson & Johnsonhistory →COM3.86%$7M48.0K
4AAPLApple Inc.history →COM3.50%$7M41.0K
5KOCoca-Cola Companyhistory →COM3.42%$7M106.4K
6TJXTJX Companies Inc.history →COM3.04%$6M74.8K
7TIPIShares Barclays TIPS ETFhistory →OTR2.91%$6M51.0K
8MSFTMicrosoft Corporationhistory →COM2.87%$6M19.2K
9HDHome Depot Inc.history →COM2.82%$5M18.4K
10DHRDanaher Corporationhistory →COM2.75%$5M21.1K
11VCSHVanguard Sh Term Corp ETFhistory →OTR2.72%$5M68.8K
12IGSBIShares ST Corp Bond ETFhistory →OTR2.55%$5M97.3K
13VCITVanguard Interm Corp ETFhistory →OTR2.41%$5M57.9K
14COSTCostco Wholesale Corphistory →COM2.22%$4M8.6K
15VGITVanguard Interm Govt ETFhistory →OTR2.20%$4M70.9K
16EXMOCExxon Mobil Corporationhistory →COM2.13%$4M37.5K
17FISVFiserv Inc.history →COM1.91%$4M32.7K
18PEPPepsiCo, Inc.history →COM1.89%$4M20.0K
19SYYSysco Corporationhistory →COM1.88%$4M46.9K
20PGProcter & Gamble Co.history →COM1.81%$3M23.5K
21MDLZMondelez International Inchistory →COM1.67%$3M46.0K
22AMGNAmgen Inc.history →COM1.65%$3M13.1K
23ELVElevance Health, Inc.history →COM1.64%$3M6.9K
24ADPAutomatic Data Processing Inc.history →COM1.59%$3M13.8K
25BRK/BBerkshire Hathaway Class Bhistory →COM1.57%$3M9.8K
26HONHoneywell Intl Inchistory →COM1.41%$3M14.2K
27GOOGLAlphabet Inc. Class ACOM1.39%$3M25.8K
28DISWalt Disney Companyhistory →COM1.36%$3M26.1K
29CVXChevron Corphistory →COM1.24%$2M14.6K
30JPMJPMorgan Chase & Cohistory →COM1.16%$2M17.1K
31PFEPfizer Inc.history →COM1.12%$2M53.1K
32SUBIShares S&P ST AMT Free ETFhistory →OTR1.05%$2M19.4K
33AXPAmerican Express Co.history →COM1.01%$2M11.8K
34SPDR S&P 500 ETF TrustOTR0.99%$2M4.7K
35GISGeneral Mills Inc.COM0.94%$2M21.3K
36RTXRaytheon Technologies CorpCOM0.94%$2M18.5K
37RSGRepublic Services Inc.COM0.87%$2M12.4K
38CSCOCisco Systems Inc.COM0.87%$2M31.9K
39CMCSAComcast cl ACOM0.86%$2M43.6K
40EMREmerson Electric Co.COM0.84%$2M18.7K
41MRKMerck & Co. Inc.COM0.78%$2M14.2K
42DUKDuke Energy CorpCOM0.75%$1M14.9K
43NUENucor CorporationCOM0.74%$1M9.3K
44DEODiageo PLC ADSCOM0.73%$1M7.8K
45NVONovo-Nordisk A/SCOM0.73%$1M8.8K
46ABTAbbott LaboratoriesCOM0.70%$1M13.4K
47CPTCamden Property TrustCOM0.69%$1M12.7K
48FTVFortive CorporationCOM0.66%$1M18.6K
49VTIVanguard Total Stock MktOTR0.65%$1M6.1K
50UNPUnion Pacific Corp.COM0.64%$1M6.2K
51SYKStryker CorpCOM0.64%$1M4.3K
52USBU.S. BancorpCOM0.60%$1M32.1K
53COPConocoPhillipsCOM0.58%$1M11.3K
54DDominion Energy, Inc.COM0.55%$1M18.9K
55BNDVanguard Tot Bond ETFOTR0.52%$1M13.6K
56INTCIntel CorporationCOM0.52%$997,00030.5K
57GPCGenuine Parts CompanyCOM0.52%$995,0006.0K
58DDDuPont de Nemours Inc.COM0.50%$971,00013.5K
59VZVerizon Communications, Inc.COM0.48%$932,00024.0K
60AVBAvalonbay CommunitiesCOM0.47%$914,0005.4K
61VXFVanguard Ext Mkt ETFOTR0.46%$887,0006.3K
62PSXPhillips 66COM0.41%$786,0007.8K
63MSMorgan StanleyCOM0.38%$723,0008.2K
64PFFS&P Preferred Stock ETFOTR0.37%$714,00022.9K
65CLColgate-Palmolive CoCOM0.35%$674,0009.0K
66CBChubb LimitedCOM0.30%$583,0003.0K
67VEUVanguard FTSE All-World ex-USOTR0.28%$542,00010.1K
68CVSCVS Health CorporationCOM0.27%$525,0007.1K
69AFLAFLAC Inc.COM0.27%$520,0008.1K
70NKENike Inc cl BCOM0.26%$506,0004.1K
71EQREquity Residential PropertiesCOM0.26%$492,0008.2K
72CARRCarrier Global CorpCOM0.25%$475,00010.4K
73MUSAMurphy USA, Inc.COM0.24%$459,0001.8K
74BDXBecton Dickinson & Co.COM0.23%$440,0001.8K
75OTISOtis Worldwide CorpCOM0.23%$439,0005.2K
76DVYIShares Select Dividend ETFOTR0.22%$425,0003.6K
77BABoeing CompanyCOM0.19%$363,0001.7K
78GLDSPDR Gold TrustOTR0.17%$335,0001.8K
79GSGoldman Sachs Group IncCOM0.17%$330,0001.0K
80CICigna CorporationCOM0.17%$327,0001.3K
81IJHiShares S&P Midcap 400OTR0.15%$287,0001.1K
82EFAiShr MSCI EAFE ETFOTR0.14%$276,0003.9K
83EPDEnterprise Products Part LPCOM0.14%$273,00010.6K
84DOWDow Inc.COM0.14%$270,0004.9K
85CTVACorteva Inc.COM0.13%$259,0004.3K
86MMM3M CompanyCOM0.13%$252,0002.4K
87LOWLowes Companies Inc.COM0.12%$225,0001.1K
88BACBank of America CorpCOM0.11%$214,0007.5K

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 ↗.