SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$189M
Q3 2023
Positions
90
Filings on Record
27
2019–present window
Filed
Oct 30, 2023
original filing

Summary

Bull Street Advisors, LLC reported $189M in U.S.-listed holdings across 90 positions for Q3 2023.

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

Compared with Q2 2023, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+35.5%
share of reported value
Largest Position
+5.0%
Vanguard Sh Term Govt Etf
New / Exited
1 / 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: 71.4%ETP: 24.6%REIT: 1.4%ADR: 1.4%Other: 1.1%MLP: 0.2%
  • Common Stock · 71.4% · $135M
  • ETP · 24.6% · $47M
  • REIT · 1.4% · $3M
  • ADR · 1.4% · $3M
  • Other · 1.1% · $2M
  • MLP · 0.2% · $289,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLBSchlumberger Ltd.NEW+3.5K3.5K+$206,000$206,000
VNTVontier CorpSOLD OUT−6.9K0−$223,000$0
NVONovo-Nordisk A/SADDED+7.8K15.7K+$149,000$1M
PFFS&P Preferred Stock ETFTRIMMED−11.4K6.8K−$359,000$205,000
BNDVanguard Tot Bond ETFTRIMMED−3.1K9.9K−$256,000$688,000
BDXBecton Dickinson & Co.TRIMMED−2251.5K−$68,000$388,000
MMM3M CompanyADDED+2302.7K+$5,000$255,000
SUBIShares S&P ST AMT Free ETFTRIMMED−1.6K17.8K−$188,000$2M

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

Holdings — Q3 2023

89 positions (from 90 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGSHVanguard Sh Term Govt ETFhistory →OTR5.03%$9M164.9K
2BSVVanguard Sh Term Bond ETFhistory →OTR4.66%$9M117.2K
3JNJJohnson & Johnsonhistory →COM3.96%$7M48.1K
4AAPLApple Inc.history →COM3.65%$7M40.3K
5TJXTJX Companies Inc.history →COM3.53%$7M75.0K
6MSFTMicrosoft Corporationhistory →COM3.15%$6M18.8K
7KOCoca-Cola Companyhistory →COM3.11%$6M104.9K
8HDHome Depot Inc.history →COM2.94%$6M18.4K
9TIPIShares Barclays TIPS ETFhistory →OTR2.76%$5M50.2K
10DHRDanaher Corporationhistory →COM2.75%$5M21.0K
11COSTCostco Wholesale Corphistory →COM2.57%$5M8.6K
12VCSHVanguard Sh Term Corp ETFhistory →OTR2.38%$4M59.8K
13IGSBIShares ST Corp Bond ETFhistory →OTR2.34%$4M88.8K
14EXMOCExxon Mobil Corporationhistory →COM2.34%$4M37.6K
15VCITVanguard Interm Corp ETFhistory →OTR2.00%$4M49.7K
16FISVFiserv Inc.history →COM1.94%$4M32.5K
17VGITVanguard Interm Govt ETFhistory →OTR1.91%$4M63.2K
18AMGNAmgen Inc.history →COM1.88%$4M13.2K
19BRK/BBerkshire Hathaway Class Bhistory →COM1.84%$3M9.9K
20PGProcter & Gamble Co.history →COM1.82%$3M23.6K
21GOOGLAlphabet Inc. Class ACOM1.80%$3M26.0K
22PEPPepsiCo, Inc.history →COM1.80%$3M20.1K
23ADPAutomatic Data Processing Inc.history →COM1.75%$3M13.8K
24MDLZMondelez International Inchistory →COM1.70%$3M46.3K
25SYYSysco Corporationhistory →COM1.64%$3M47.0K
26ELVElevance Health, Inc.history →COM1.60%$3M7.0K
27HONHoneywell Intl Inchistory →COM1.41%$3M14.4K
28JPMJPMorgan Chase & Cohistory →COM1.34%$3M17.5K
29CVXChevron Corphistory →COM1.30%$2M14.6K
30DISWalt Disney Companyhistory →COM1.15%$2M26.8K
31SPDR S&P 500 ETF TrustOTR1.05%$2M4.7K
32CMCSAComcast cl Ahistory →COM1.03%$2M43.9K
33SUBIShares S&P ST AMT Free ETFOTR0.97%$2M17.8K
34EMREmerson Electric Co.COM0.96%$2M18.8K
35PFEPfizer Inc.COM0.95%$2M53.9K
36RSGRepublic Services Inc.COM0.94%$2M12.4K
37AXPAmerican Express Co.COM0.93%$2M11.8K
38CSCOCisco Systems Inc.COM0.92%$2M32.2K
39MRKMerck & Co. Inc.COM0.77%$1M14.2K
40NVONovo-Nordisk A/SCOM0.76%$1M15.7K
41NUENucor CorporationCOM0.75%$1M9.1K
42GISGeneral Mills Inc.COM0.72%$1M21.3K
43RTXRaytheon Technologies CorpCOM0.72%$1M18.9K
44DUKDuke Energy CorpCOM0.72%$1M15.4K
45COPConocoPhillipsCOM0.72%$1M11.3K
46FTVFortive CorporationCOM0.72%$1M18.2K
47VTIVanguard Total Stock MktOTR0.69%$1M6.2K
48ABTAbbott LaboratoriesCOM0.69%$1M13.4K
49UNPUnion Pacific Corp.COM0.66%$1M6.2K
50CPTCamden Property TrustCOM0.64%$1M12.7K
51DEODiageo PLC ADSCOM0.62%$1M7.8K
52SYKStryker CorpCOM0.60%$1M4.2K
53INTCIntel CorporationCOM0.58%$1M30.8K
54USBU.S. BancorpCOM0.53%$1M30.4K
55DDDuPont de Nemours Inc.COM0.53%$994,00013.3K
56AVBAvalonbay CommunitiesCOM0.49%$934,0005.4K
57VXFVanguard Ext Mkt ETFOTR0.49%$931,0006.5K
58PSXPhillips 66COM0.49%$929,0007.7K
59DDominion Energy, Inc.COM0.46%$877,00019.6K
60GPCGenuine Parts CompanyCOM0.45%$859,0006.0K
61VZVerizon Communications, Inc.COM0.43%$807,00024.9K
62BNDVanguard Tot Bond ETFOTR0.36%$688,0009.9K
63MSMorgan StanleyCOM0.36%$672,0008.2K
64CLColgate-Palmolive CoCOM0.34%$648,0009.1K
65CBChubb LimitedCOM0.33%$632,0003.0K
66MUSAMurphy USA, Inc.COM0.32%$608,0001.8K
67AFLAFLAC Inc.COM0.32%$600,0007.8K
68CARRCarrier Global CorpCOM0.30%$571,00010.3K
69VEUVanguard FTSE All-World ex-USOTR0.28%$534,00010.3K
70CVSCVS Health CorporationCOM0.26%$488,0007.0K
71EQREquity Residential PropertiesCOM0.25%$481,0008.2K
72OTISOtis Worldwide CorpCOM0.22%$416,0005.2K
73NKENike Inc cl BCOM0.21%$400,0004.2K
74DVYIShares Select Dividend ETFOTR0.21%$390,0003.6K
75BDXBecton Dickinson & Co.COM0.21%$388,0001.5K
76CICigna CorporationCOM0.19%$366,0001.3K
77BABoeing CompanyCOM0.17%$329,0001.7K
78GSGoldman Sachs Group IncCOM0.17%$326,0001.0K
79GLDSPDR Gold TrustOTR0.17%$313,0001.8K
80EPDEnterprise Products Part LPCOM0.15%$289,00010.6K
81IJHiShares S&P Midcap 400OTR0.15%$287,0001.1K
82EFAiShr MSCI EAFE ETFOTR0.14%$266,0003.9K
83MMM3M CompanyCOM0.13%$255,0002.7K
84DOWDow Inc.COM0.13%$245,0004.8K
85CTVACorteva Inc.COM0.11%$209,0004.1K
86SLBSchlumberger Ltd.COM0.11%$206,0003.5K
87BACBank of America CorpCOM0.11%$205,0007.5K
88PFFS&P Preferred Stock ETFOTR0.11%$205,0006.8K
89LOWLowes Companies Inc.COM0.11%$202,000973

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 ↗.