SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$195M
Q2 2023
Positions
90
Filings on Record
27
2019–present window
Filed
Jul 28, 2023
original filing

Summary

Bull Street Advisors, LLC reported $195M in U.S.-listed holdings across 90 positions for Q2 2023.

Its largest position, VGSH, represents 4.9% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+35.8%
share of reported value
Largest Position
+4.9%
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: 70.7%ETP: 25.2%REIT: 1.5%ADR: 1.4%Other: 1.1%MLP: 0.1%
  • Common Stock · 70.7% · $138M
  • ETP · 25.2% · $49M
  • REIT · 1.5% · $3M
  • ADR · 1.4% · $3M
  • Other · 1.1% · $2M
  • MLP · 0.1% · $278,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VNTVontier CorpNEW+6.9K6.9K+$223,000$223,000
PFFS&P Preferred Stock ETFTRIMMED−4.6K18.2K−$150,000$564,000
LOWLowes Companies Inc.TRIMMED−150973−$5,000$220,000
VCSHVanguard Sh Term Corp ETFTRIMMED−8.9K59.9K−$716,000$5M
VCITVanguard Interm Corp ETFTRIMMED−6.0K51.9K−$543,000$4M
NVONovo-Nordisk A/STRIMMED−9157.9K−$124,000$1M
VGITVanguard Interm Govt ETFTRIMMED−6.3K64.5K−$464,000$4M
BNDVanguard Tot Bond ETFHELD−63013.0K−$61,000$944,000

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

Holdings — Q2 2023

89 positions (from 90 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGSHVanguard Sh Term Govt ETFhistory →OTR4.88%$10M164.7K
2BSVVanguard Sh Term Bond ETFhistory →OTR4.77%$9M122.9K
3JNJJohnson & Johnsonhistory →COM4.07%$8M47.9K
4AAPLApple Inc.history →COM4.00%$8M40.2K
5MSFTMicrosoft Corporationhistory →COM3.28%$6M18.8K
6TJXTJX Companies Inc.history →COM3.25%$6M74.7K
7KOCoca-Cola Companyhistory →COM3.23%$6M104.7K
8HDHome Depot Inc.history →COM2.93%$6M18.4K
9TIPIShares Barclays TIPS ETFhistory →OTR2.79%$5M50.5K
10DHRDanaher Corporationhistory →COM2.59%$5M21.0K
11IGSBIShares ST Corp Bond ETFhistory →OTR2.47%$5M95.9K
12COSTCostco Wholesale Corphistory →COM2.37%$5M8.6K
13VCSHVanguard Sh Term Corp ETFhistory →OTR2.32%$5M59.9K
14FISVFiserv Inc.history →COM2.11%$4M32.6K
15VCITVanguard Interm Corp ETFhistory →OTR2.11%$4M51.9K
16EXMOCExxon Mobil Corporationhistory →COM2.06%$4M37.4K
17VGITVanguard Interm Govt ETFhistory →OTR1.94%$4M64.5K
18PEPPepsiCo, Inc.history →COM1.89%$4M19.9K
19PGProcter & Gamble Co.history →COM1.83%$4M23.5K
20SYYSysco Corporationhistory →COM1.78%$3M46.8K
21MDLZMondelez International Inchistory →COM1.72%$3M45.9K
22BRK/BBerkshire Hathaway Class Bhistory →COM1.71%$3M9.8K
23GOOGLAlphabet Inc. Class ACOM1.58%$3M25.7K
24ELVElevance Health, Inc.history →COM1.57%$3M6.9K
25ADPAutomatic Data Processing Inc.history →COM1.55%$3M13.8K
26HONHoneywell Intl Inchistory →COM1.51%$3M14.2K
27AMGNAmgen Inc.history →COM1.49%$3M13.1K
28JPMJPMorgan Chase & Cohistory →COM1.27%$2M17.0K
29DISWalt Disney Companyhistory →COM1.21%$2M26.5K
30CVXChevron Corphistory →COM1.17%$2M14.5K
31SPDR S&P 500 ETF TrustOTR1.06%$2M4.7K
32AXPAmerican Express Co.history →COM1.05%$2M11.8K
33SUBIShares S&P ST AMT Free ETFhistory →OTR1.04%$2M19.4K
34PFEPfizer Inc.COM1.00%$2M53.1K
35RSGRepublic Services Inc.COM0.98%$2M12.4K
36RTXRaytheon Technologies CorpCOM0.93%$2M18.5K
37CMCSAComcast cl ACOM0.93%$2M43.5K
38EMREmerson Electric Co.COM0.86%$2M18.6K
39CSCOCisco Systems Inc.COM0.85%$2M31.9K
40MRKMerck & Co. Inc.COM0.84%$2M14.2K
41GISGeneral Mills Inc.COM0.84%$2M21.3K
42NUENucor CorporationCOM0.76%$1M9.1K
43ABTAbbott LaboratoriesCOM0.75%$1M13.4K
44CPTCamden Property TrustCOM0.71%$1M12.7K
45FTVFortive CorporationCOM0.70%$1M18.2K
46VTIVanguard Total Stock MktOTR0.70%$1M6.2K
47DEODiageo PLC ADSCOM0.70%$1M7.8K
48DUKDuke Energy CorpCOM0.69%$1M14.9K
49SYKStryker CorpCOM0.67%$1M4.3K
50NVONovo-Nordisk A/SCOM0.66%$1M7.9K
51UNPUnion Pacific Corp.COM0.65%$1M6.2K
52COPConocoPhillipsCOM0.60%$1M11.3K
53USBU.S. BancorpCOM0.53%$1M31.3K
54AVBAvalonbay CommunitiesCOM0.53%$1M5.4K
55INTCIntel CorporationCOM0.52%$1M30.4K
56GPCGenuine Parts CompanyCOM0.52%$1M6.0K
57DDominion Energy, Inc.COM0.51%$989,00019.1K
58VXFVanguard Ext Mkt ETFOTR0.49%$947,0006.4K
59BNDVanguard Tot Bond ETFOTR0.48%$944,00013.0K
60DDDuPont de Nemours Inc.COM0.48%$937,00013.1K
61VZVerizon Communications, Inc.COM0.46%$888,00023.9K
62PSXPhillips 66COM0.38%$739,0007.8K
63MSMorgan StanleyCOM0.36%$703,0008.2K
64CLColgate-Palmolive CoCOM0.36%$697,0009.0K
65CBChubb LimitedCOM0.29%$570,0003.0K
66PFFS&P Preferred Stock ETFOTR0.29%$564,00018.2K
67AFLAFLAC Inc.COM0.29%$556,0008.0K
68MUSAMurphy USA, Inc.COM0.28%$554,0001.8K
69EQREquity Residential PropertiesCOM0.28%$541,0008.2K
70VEUVanguard FTSE All-World ex-USOTR0.28%$539,0009.9K
71CARRCarrier Global CorpCOM0.26%$514,00010.3K
72CVSCVS Health CorporationCOM0.25%$482,0007.0K
73NKENike Inc cl BCOM0.24%$462,0004.2K
74OTISOtis Worldwide CorpCOM0.24%$461,0005.2K
75BDXBecton Dickinson & Co.COM0.23%$456,0001.7K
76DVYIShares Select Dividend ETFOTR0.21%$411,0003.6K
77CICigna CorporationCOM0.18%$359,0001.3K
78BABoeing CompanyCOM0.18%$353,0001.7K
79GLDSPDR Gold TrustOTR0.17%$326,0001.8K
80GSGoldman Sachs Group IncCOM0.17%$325,0001.0K
81IJHiShares S&P Midcap 400OTR0.15%$300,0001.1K
82EFAiShr MSCI EAFE ETFOTR0.14%$279,0003.9K
83EPDEnterprise Products Part LPCOM0.14%$278,00010.6K
84DOWDow Inc.COM0.13%$254,0004.8K
85MMM3M CompanyCOM0.13%$250,0002.5K
86CTVACorteva Inc.COM0.13%$246,0004.3K
87VNTVontier CorpCOM0.11%$223,0006.9K
88LOWLowes Companies Inc.COM0.11%$220,000973
89BACBank of America CorpCOM0.11%$215,0007.5K

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 ↗.