SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$208M
Q2 2025
Positions
89
Filings on Record
27
2019–present window
Filed
Jul 25, 2025
original filing

Summary

Bull Street Advisors, LLC reported $208M in U.S.-listed holdings across 89 positions for Q2 2025.

Its largest position, TJX, represents 4.3% of the portfolio.

Compared with Q1 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+36.4%
share of reported value
Largest Position
+4.3%
Tjx Companies
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: 76.0%ETP: 19.9%Other: 1.6%REIT: 1.5%ADR: 0.8%MLP: 0.2%
  • Common Stock · 76.0% · $158M
  • ETP · 19.9% · $41M
  • Other · 1.6% · $3M
  • REIT · 1.5% · $3M
  • ADR · 0.8% · $2M
  • MLP · 0.2% · $327,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RALRalliant Corp.NEW+6.2K6.2K+$299,000$299,000
BDXBecton Dickinson & Co.SOLD OUT−1.1K0−$250,000$0
NUENucor CorporationADDED+1.4K10.9K+$266,000$1M
USBU.S. BancorpTRIMMED−2.8K26.9K−$35,000$1M
Veralto CorporationTRIMMED−4755.2K−$28,000$530,000
RSGRepublic Services Inc.TRIMMED−94011.1K−$178,000$3M
TIPIShares Barclays TIPS ETFTRIMMED−1.5K20.2K−$188,000$2M
VZVerizon Communications, Inc.TRIMMED−94515.0K−$74,000$647,000

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

Holdings — Q2 2025

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX Companies Inc.history →COM4.25%$9M71.6K
2MSFTMicrosoft Corporationhistory →COM4.13%$9M17.3K
3BSVVanguard Sh Term Bond ETFhistory →OTR4.05%$8M107.0K
4VGSHVanguard Sh Term Govt ETFhistory →OTR3.84%$8M135.8K
5COSTCostco Wholesale Corphistory →COM3.76%$8M7.9K
6AAPLApple Inc.history →COM3.71%$8M37.6K
7KOCoca-Cola Companyhistory →COM3.52%$7M103.5K
8JNJJohnson & Johnsonhistory →COM3.51%$7M47.8K
9HDHome Depot Inc.history →COM3.01%$6M17.1K
10FISVFiserv Inc.history →COM2.63%$5M31.8K
11JPMJPMorgan Chase & Cohistory →COM2.35%$5M16.8K
12BRK/BBerkshire Hathaway Class Bhistory →COM2.31%$5M9.9K
13GOOGLAlphabet Inc. Class ACOM2.10%$4M24.7K
14IGSBIShares ST Corp Bond ETFhistory →OTR2.09%$4M82.5K
15VCSHVanguard Sh Term Corp ETFhistory →OTR2.02%$4M52.8K
16DHRDanaher Corporationhistory →COM1.99%$4M21.0K
17ADPAutomatic Data Processing Inc.history →COM1.95%$4M13.1K
18EXMOCExxon Mobil Corporationhistory →COM1.95%$4M37.5K
19VCITVanguard Interm Corp ETFhistory →OTR1.85%$4M46.4K
20PGProcter & Gamble Co.history →COM1.76%$4M23.0K
21AXPAmerican Express Co.history →COM1.75%$4M11.4K
22AMGNAmgen Inc.history →COM1.75%$4M13.0K
23SYYSysco Corporationhistory →COM1.68%$3M46.2K
24HONHoneywell Intl Inchistory →COM1.58%$3M14.1K
25DISWalt Disney Companyhistory →COM1.55%$3M26.0K
26VGITVanguard Interm Govt ETFhistory →OTR1.54%$3M53.5K
27MDLZMondelez International Inchistory →COM1.42%$3M43.9K
28SPDR S&P 500 ETF TrustOTR1.33%$3M4.5K
29RSGRepublic Services Inc.history →COM1.32%$3M11.1K
30ELVElevance Health, Inc.history →COM1.29%$3M6.9K
31CSCOCisco Systems Inc.history →COM1.27%$3M38.0K
32PEPPepsiCo, Inc.history →COM1.26%$3M19.9K
33RTXRaytheon Technologies Corphistory →COM1.25%$3M17.8K
34CVXChevron Corphistory →COM1.19%$2M17.3K
35EMREmerson Electric Co.history →COM1.16%$2M18.1K
36TIPIShares Barclays TIPS ETFhistory →OTR1.07%$2M20.2K
37VTIVanguard Total Stock MktOTR0.93%$2M6.4K
38ABTAbbott LaboratoriesCOM0.84%$2M12.9K
39DUKDuke Energy CorpCOM0.84%$2M14.8K
40CMCSAComcast cl ACOM0.80%$2M46.8K
41SYKStryker CorpCOM0.73%$2M3.8K
42DDominion Energy, Inc.COM0.70%$1M25.7K
43CPTCamden Property TrustCOM0.69%$1M12.7K
44NUENucor CorporationCOM0.68%$1M10.9K
45UNPUnion Pacific Corp.COM0.68%$1M6.1K
46PFEPfizer Inc.COM0.62%$1M53.4K
47VXFVanguard Ext Mkt ETFOTR0.61%$1M6.5K
48USBU.S. BancorpCOM0.58%$1M26.9K
49SUBIShares S&P ST AMT Free ETFOTR0.55%$1M10.8K
50MRKMerck & Co. Inc.COM0.54%$1M14.1K
51AVBAvalonbay CommunitiesCOM0.53%$1M5.4K
52MSMorgan StanleyCOM0.51%$1M7.6K
53GISGeneral Mills Inc.COM0.51%$1M20.6K
54DDDuPont de Nemours Inc.COM0.51%$1M15.5K
55NVONovo-Nordisk A/SCOM0.49%$1M14.8K
56COPConocoPhillipsCOM0.46%$957,00010.7K
57FTVFortive CorporationCOM0.46%$956,00018.3K
58PSXPhillips 66COM0.44%$907,0007.6K
59CBChubb LimitedCOM0.43%$884,0003.0K
60CLColgate-Palmolive CoCOM0.37%$769,0008.5K
61DEODiageo PLC ADSCOM0.36%$748,0007.4K
62CARRCarrier Global CorpCOM0.36%$745,00010.2K
63AFLAFLAC Inc.COM0.35%$729,0006.9K
64MUSAMurphy USA, Inc.COM0.35%$724,0001.8K
65GPCGenuine Parts CompanyCOM0.33%$682,0005.6K
66GSGoldman Sachs Group IncCOM0.33%$678,000958
67VZVerizon Communications, Inc.COM0.31%$647,00015.0K
68BNDVanguard Tot Bond ETFOTR0.29%$607,0008.3K
69GLDSPDR Gold TrustOTR0.27%$557,0001.8K
70EQREquity Residential PropertiesCOM0.26%$548,0008.1K
71OTISOtis Worldwide CorpCOM0.26%$542,0005.5K
72Veralto CorporationCOM0.25%$530,0005.2K
73DVYIShares Select Dividend ETFOTR0.23%$481,0003.6K
74VEUVanguard FTSE All-World ex-USOTR0.21%$440,0006.5K
75CVSCVS Health CorporationCOM0.20%$410,0005.9K
76CICigna CorporationCOM0.19%$398,0001.2K
77MMM3M CompanyCOM0.17%$362,0002.4K
78IJHiShares S&P Midcap 400OTR0.17%$356,0005.7K
79EFAiShr MSCI EAFE ETFOTR0.17%$344,0003.9K
80EPDEnterprise Products Part LPCOM0.16%$327,00010.6K
81BACBank of America CorpCOM0.16%$324,0006.8K
82WMTWalmart Inc.COM0.15%$305,0003.1K
83RALRalliant Corp.COM0.14%$299,0006.2K
84G.E. AerospaceCOM0.14%$298,0001.2K
85CTVACorteva Inc.COM0.13%$268,0003.6K
86IBMIBM CorpCOM0.13%$265,000900
87PEGPublic Service Enterprise GrpCOM0.12%$256,0003.0K
88LOWLowes Companies Inc.COM0.10%$216,000973

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 ↗.