SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$209M
Q1 2025
Positions
89
Filings on Record
27
2019–present window
Filed
Apr 24, 2025
original filing

Summary

Bull Street Advisors, LLC reported $209M in U.S.-listed holdings across 89 positions for Q1 2025.

Its largest position, TJX, represents 4.2% of the portfolio.

Compared with Q4 2024, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+36.9%
share of reported value
Largest Position
+4.2%
Tjx Companies
New / Exited
2 / 2
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: 76.2%ETP: 19.6%REIT: 1.6%Other: 1.5%ADR: 0.9%MLP: 0.2%
  • Common Stock · 76.2% · $159M
  • ETP · 19.6% · $41M
  • REIT · 1.6% · $3M
  • Other · 1.5% · $3M
  • ADR · 0.9% · $2M
  • MLP · 0.2% · $360,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
G.E. AerospaceNEW+1.2K1.2K+$231,000$231,000
IBMIBM CorpNEW+900900+$224,000$224,000
NKENike Inc cl BSOLD OUT−3.1K0−$235,000$0
VWOVanguard Emerging Stock Mkt InSOLD OUT−5.8K0−$212,000$0
VEUVanguard FTSE All-World ex-USTRIMMED−3.5K6.5K−$180,000$392,000
VZVerizon Communications, Inc.TRIMMED−6.0K15.9K−$155,000$721,000
BDXBecton Dickinson & Co.TRIMMED−3411.1K−$75,000$250,000
SUBIShares S&P ST AMT Free ETFTRIMMED−2.1K10.8K−$219,000$1M

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

Holdings — Q1 2025

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX Companies Inc.history →COM4.21%$9M72.1K
2AAPLApple Inc.history →COM4.14%$9M38.9K
3BSVVanguard Sh Term Bond ETFhistory →OTR4.10%$9M109.3K
4VGSHVanguard Sh Term Govt ETFhistory →OTR3.81%$8M135.6K
5JNJJohnson & Johnsonhistory →COM3.80%$8M47.8K
6COSTCostco Wholesale Corphistory →COM3.66%$8M8.1K
7KOCoca-Cola Companyhistory →COM3.55%$7M103.6K
8FISVFiserv Inc.history →COM3.39%$7M32.0K
9MSFTMicrosoft Corporationhistory →COM3.15%$7M17.5K
10HDHome Depot Inc.history →COM3.06%$6M17.4K
11BRK/BBerkshire Hathaway Class Bhistory →COM2.53%$5M9.9K
12EXMOCExxon Mobil Corporationhistory →COM2.14%$4M37.5K
13IGSBIShares ST Corp Bond ETFhistory →OTR2.07%$4M82.5K
14DHRDanaher Corporationhistory →COM2.06%$4M21.0K
15VCSHVanguard Sh Term Corp ETFhistory →OTR2.03%$4M53.6K
16JPMJPMorgan Chase & Cohistory →COM1.99%$4M16.9K
17AMGNAmgen Inc.history →COM1.95%$4M13.0K
18ADPAutomatic Data Processing Inc.history →COM1.93%$4M13.2K
19PGProcter & Gamble Co.history →COM1.88%$4M23.1K
20GOOGLAlphabet Inc. Class ACOM1.84%$4M24.8K
21VCITVanguard Interm Corp ETFhistory →OTR1.82%$4M46.6K
22SYYSysco Corporationhistory →COM1.66%$3M46.2K
23AXPAmerican Express Co.history →COM1.48%$3M11.5K
24MDLZMondelez International Inchistory →COM1.48%$3M45.5K
25VGITVanguard Interm Govt ETFhistory →OTR1.47%$3M51.7K
26ELVElevance Health, Inc.history →COM1.44%$3M6.9K
27HONHoneywell Intl Inchistory →COM1.44%$3M14.2K
28PEPPepsiCo, Inc.history →COM1.42%$3M19.8K
29RSGRepublic Services Inc.history →COM1.40%$3M12.1K
30CVXChevron Corphistory →COM1.40%$3M17.5K
31SPDR S&P 500 ETF TrustOTR1.23%$3M4.6K
32DISWalt Disney Companyhistory →COM1.23%$3M26.1K
33TIPIShares Barclays TIPS ETFhistory →OTR1.15%$2M21.7K
34CSCOCisco Systems Inc.history →COM1.13%$2M38.3K
35RTXRaytheon Technologies Corphistory →COM1.13%$2M17.8K
36EMREmerson Electric Co.COM0.95%$2M18.1K
37DUKDuke Energy CorpCOM0.87%$2M14.8K
38VTIVanguard Total Stock MktOTR0.83%$2M6.3K
39ABTAbbott LaboratoriesCOM0.82%$2M12.9K
40CMCSAComcast cl ACOM0.81%$2M46.1K
41CPTCamden Property TrustCOM0.75%$2M12.7K
42DDominion Energy, Inc.COM0.69%$1M25.9K
43UNPUnion Pacific Corp.COM0.69%$1M6.1K
44SYKStryker CorpCOM0.69%$1M3.9K
45FTVFortive CorporationCOM0.65%$1M18.5K
46PFEPfizer Inc.COM0.65%$1M53.4K
47MRKMerck & Co. Inc.COM0.61%$1M14.1K
48USBU.S. BancorpCOM0.60%$1M29.6K
49GISGeneral Mills Inc.COM0.59%$1M20.6K
50AVBAvalonbay CommunitiesCOM0.56%$1M5.4K
51DDDuPont de Nemours Inc.COM0.56%$1M15.5K
52NUENucor CorporationCOM0.55%$1M9.6K
53SUBIShares S&P ST AMT Free ETFOTR0.55%$1M10.8K
54COPConocoPhillipsCOM0.54%$1M10.8K
55VXFVanguard Ext Mkt ETFOTR0.54%$1M6.5K
56NVONovo-Nordisk A/SCOM0.49%$1M14.8K
57PSXPhillips 66COM0.45%$939,0007.6K
58CBChubb LimitedCOM0.44%$921,0003.0K
59MSMorgan StanleyCOM0.42%$884,0007.6K
60MUSAMurphy USA, Inc.COM0.40%$836,0001.8K
61DEODiageo PLC ADSCOM0.39%$819,0007.8K
62CLColgate-Palmolive CoCOM0.38%$783,0008.4K
63AFLAFLAC Inc.COM0.37%$769,0006.9K
64VZVerizon Communications, Inc.COM0.35%$721,00015.9K
65GPCGenuine Parts CompanyCOM0.33%$685,0005.8K
66CARRCarrier Global CorpCOM0.31%$645,00010.2K
67BNDVanguard Tot Bond ETFOTR0.29%$595,0008.1K
68EQREquity Residential PropertiesCOM0.28%$581,0008.1K
69OTISOtis Worldwide CorpCOM0.27%$565,0005.5K
70Veralto CorporationCOM0.27%$558,0005.7K
71GLDSPDR Gold TrustOTR0.25%$526,0001.8K
72GSGoldman Sachs Group IncCOM0.25%$524,000958
73DVYIShares Select Dividend ETFOTR0.23%$487,0003.6K
74CVSCVS Health CorporationCOM0.20%$412,0006.1K
75CICigna CorporationCOM0.19%$396,0001.2K
76VEUVanguard FTSE All-World ex-USOTR0.19%$392,0006.5K
77EPDEnterprise Products Part LPCOM0.17%$360,00010.6K
78MMM3M CompanyCOM0.17%$352,0002.4K
79IJHiShares S&P Midcap 400OTR0.16%$335,0005.7K
80EFAiShr MSCI EAFE ETFOTR0.15%$315,0003.9K
81BACBank of America CorpCOM0.14%$296,0007.1K
82WMTWalmart Inc.COM0.13%$278,0003.2K
83BDXBecton Dickinson & Co.COM0.12%$250,0001.1K
84PEGPublic Service Enterprise GrpCOM0.12%$250,0003.0K
85G.E. AerospaceCOM0.11%$231,0001.2K
86LOWLowes Companies Inc.COM0.11%$227,000973
87CTVACorteva Inc.COM0.11%$227,0003.6K
88IBMIBM CorpCOM0.11%$224,000900

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 ↗.