SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$198M
Q4 2023
Positions
89
Filings on Record
27
2019–present window
Filed
Jan 29, 2024
original filing

Summary

Bull Street Advisors, LLC reported $198M in U.S.-listed holdings across 89 positions for Q4 2023.

Its largest position, BSV, represents 4.5% of the portfolio.

Compared with Q3 2023, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+35.2%
share of reported value
Largest Position
+4.5%
Vanguard Sh Term Bond Etf
New / Exited
2 / 3
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: 72.7%ETP: 23.0%REIT: 1.4%Other: 1.4%ADR: 1.4%MLP: 0.1%
  • Common Stock · 72.7% · $144M
  • ETP · 23.0% · $45M
  • REIT · 1.4% · $3M
  • Other · 1.4% · $3M
  • ADR · 1.4% · $3M
  • MLP · 0.1% · $278,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Veralto CorporationNEW+7.0K7.0K+$572,000$572,000
VNTVontier CorpNEW+5.9K5.9K+$204,000$204,000
CTVACorteva Inc.SOLD OUT−4.1K0−$209,000$0
SLBSchlumberger Ltd.SOLD OUT−3.5K0−$206,000$0
PFFS&P Preferred Stock ETFSOLD OUT−6.8K0−$205,000$0
TIPIShares Barclays TIPS ETFTRIMMED−9.2K41.0K−$804,000$4M
VGSHVanguard Sh Term Govt ETFTRIMMED−22.0K142.9K−$1M$8M
MMM3M CompanyHELD+1302.9K+$57,000$312,000

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

Holdings — Q4 2023

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BSVVanguard Sh Term Bond ETFhistory →OTR4.55%$9M116.7K
2VGSHVanguard Sh Term Govt ETFhistory →OTR4.22%$8M142.9K
3AAPLApple Inc.history →COM3.89%$8M39.9K
4JNJJohnson & Johnsonhistory →COM3.82%$8M48.1K
5MSFTMicrosoft Corporationhistory →COM3.57%$7M18.8K
6TJXTJX Companies Inc.history →COM3.52%$7M74.2K
7HDHome Depot Inc.history →COM3.18%$6M18.1K
8KOCoca-Cola Companyhistory →COM3.13%$6M104.9K
9COSTCostco Wholesale Corphistory →COM2.87%$6M8.6K
10DHRDanaher Corporationhistory →COM2.46%$5M21.0K
11VCSHVanguard Sh Term Corp ETFhistory →OTR2.29%$5M58.4K
12IGSBIShares ST Corp Bond ETFhistory →OTR2.28%$5M87.8K
13TIPIShares Barclays TIPS ETFhistory →OTR2.23%$4M41.0K
14FISVFiserv Inc.history →COM2.19%$4M32.5K
15VCITVanguard Interm Corp ETFhistory →OTR1.99%$4M48.5K
16AMGNAmgen Inc.history →COM1.93%$4M13.2K
17EXMOCExxon Mobil Corporationhistory →COM1.90%$4M37.6K
18VGITVanguard Interm Govt ETFhistory →OTR1.87%$4M62.3K
19GOOGLAlphabet Inc. Class ACOM1.83%$4M25.7K
20BRK/BBerkshire Hathaway Class Bhistory →COM1.79%$4M9.9K
21PGProcter & Gamble Co.history →COM1.75%$3M23.6K
22SYYSysco Corporationhistory →COM1.74%$3M47.0K
23PEPPepsiCo, Inc.history →COM1.73%$3M20.1K
24MDLZMondelez International Inchistory →COM1.70%$3M46.3K
25ELVElevance Health, Inc.history →COM1.66%$3M7.0K
26ADPAutomatic Data Processing Inc.history →COM1.62%$3M13.8K
27HONHoneywell Intl Inchistory →COM1.53%$3M14.4K
28JPMJPMorgan Chase & Cohistory →COM1.51%$3M17.6K
29DISWalt Disney Companyhistory →COM1.22%$2M26.6K
30AXPAmerican Express Co.history →COM1.11%$2M11.7K
31SPDR S&P 500 ETF TrustOTR1.11%$2M4.6K
32CVXChevron Corphistory →COM1.10%$2M14.6K
33RSGRepublic Services Inc.history →COM1.03%$2M12.4K
34CMCSAComcast cl ACOM0.97%$2M43.9K
35SUBIShares S&P ST AMT Free ETFOTR0.94%$2M17.5K
36EMREmerson Electric Co.COM0.93%$2M18.8K
37CSCOCisco Systems Inc.COM0.82%$2M32.2K
38NVONovo-Nordisk A/SCOM0.82%$2M15.6K
39RTXRaytheon Technologies CorpCOM0.80%$2M18.9K
40NUENucor CorporationCOM0.79%$2M9.0K
41PFEPfizer Inc.COM0.79%$2M54.2K
42INTCIntel CorporationCOM0.79%$2M30.9K
43MRKMerck & Co. Inc.COM0.78%$2M14.2K
44UNPUnion Pacific Corp.COM0.77%$2M6.2K
45DUKDuke Energy CorpCOM0.76%$1M15.4K
46ABTAbbott LaboratoriesCOM0.75%$1M13.5K
47VTIVanguard Total Stock MktOTR0.75%$1M6.2K
48GISGeneral Mills Inc.COM0.69%$1M21.1K
49FTVFortive CorporationCOM0.68%$1M18.2K
50USBU.S. BancorpCOM0.67%$1M30.4K
51COPConocoPhillipsCOM0.67%$1M11.3K
52CPTCamden Property TrustCOM0.64%$1M12.7K
53SYKStryker CorpCOM0.63%$1M4.2K
54DEODiageo PLC ADSCOM0.58%$1M7.8K
55VXFVanguard Ext Mkt ETFOTR0.53%$1M6.4K
56PSXPhillips 66COM0.52%$1M7.7K
57DDDuPont de Nemours Inc.COM0.52%$1M13.2K
58AVBAvalonbay CommunitiesCOM0.52%$1M5.4K
59VZVerizon Communications, Inc.COM0.47%$937,00024.9K
60DDominion Energy, Inc.COM0.46%$906,00019.3K
61GPCGenuine Parts CompanyCOM0.42%$824,0006.0K
62MSMorgan StanleyCOM0.39%$767,0008.2K
63BNDVanguard Tot Bond ETFOTR0.37%$739,00010.1K
64CLColgate-Palmolive CoCOM0.37%$730,0009.2K
65CBChubb LimitedCOM0.35%$686,0003.0K
66AFLAFLAC Inc.COM0.33%$645,0007.8K
67MUSAMurphy USA, Inc.COM0.32%$635,0001.8K
68CARRCarrier Global CorpCOM0.30%$594,00010.3K
69Veralto CorporationCOM0.29%$572,0007.0K
70VEUVanguard FTSE All-World ex-USOTR0.28%$557,0009.9K
71CVSCVS Health CorporationCOM0.28%$547,0006.9K
72EQREquity Residential PropertiesCOM0.25%$502,0008.2K
73OTISOtis Worldwide CorpCOM0.23%$463,0005.2K
74NKENike Inc cl BCOM0.23%$449,0004.1K
75BABoeing CompanyCOM0.23%$448,0001.7K
76DVYIShares Select Dividend ETFOTR0.22%$425,0003.6K
77GSGoldman Sachs Group IncCOM0.20%$389,0001.0K
78CICigna CorporationCOM0.19%$383,0001.3K
79BDXBecton Dickinson & Co.COM0.19%$366,0001.5K
80GLDSPDR Gold TrustOTR0.18%$349,0001.8K
81IJHiShares S&P Midcap 400OTR0.16%$318,0001.1K
82MMM3M CompanyCOM0.16%$312,0002.9K
83EFAiShr MSCI EAFE ETFOTR0.15%$290,0003.9K
84EPDEnterprise Products Part LPCOM0.14%$278,00010.6K
85DOWDow Inc.COM0.13%$261,0004.8K
86BACBank of America CorpCOM0.13%$252,0007.5K
87LOWLowes Companies Inc.COM0.11%$217,000973
88VNTVontier CorpCOM0.10%$204,0005.9K

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 ↗.