SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$214M
Q3 2025
Positions
89
Filings on Record
27
2019–present window
Filed
Oct 28, 2025
original filing

Summary

Bull Street Advisors, LLC reported $214M in U.S.-listed holdings across 89 positions for Q3 2025.

Its largest position, TJX, represents 4.8% of the portfolio.

The book was largely unchanged from Q2 2025.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+37.8%
share of reported value
Largest Position
+4.8%
Tjx Companies

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: 76.3%ETP: 19.8%Other: 1.7%REIT: 1.4%ADR: 0.7%MLP: 0.2%
  • Common Stock · 76.3% · $163M
  • ETP · 19.8% · $42M
  • Other · 1.7% · $4M
  • REIT · 1.4% · $3M
  • ADR · 0.7% · $2M
  • MLP · 0.2% · $330,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VEUVanguard FTSE All-World ex-USADDED+3.7K10.3K+$292,000$732,000
VTIVanguard Total Stock MktADDED+1.3K7.7K+$581,000$3M
VZVerizon Communications, Inc.TRIMMED−2.7K12.3K−$106,000$541,000
ELVElevance Health, Inc.TRIMMED−1.2K5.7K−$847,000$2M
NUENucor CorporationADDED+1.2K12.1K+$225,000$2M
CVSCVS Health CorporationTRIMMED−3955.5K+$8,000$418,000
VGITVanguard Interm Govt ETFHELD−1.5K51.9K−$80,000$3M
DDominion Energy, Inc.HELD+72526.4K+$164,000$2M

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

Holdings — Q3 2025

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX Companies Inc.history →COM4.83%$10M71.5K
2AAPLApple Inc.history →COM4.45%$10M37.4K
3MSFTMicrosoft Corporationhistory →COM4.16%$9M17.2K
4JNJJohnson & Johnsonhistory →COM4.14%$9M47.8K
5BSVVanguard Sh Term Bond ETFhistory →OTR3.92%$8M106.3K
6VGSHVanguard Sh Term Govt ETFhistory →OTR3.73%$8M135.8K
7COSTCostco Wholesale Corphistory →COM3.38%$7M7.8K
8HDHome Depot Inc.history →COM3.23%$7M17.1K
9KOCoca-Cola Companyhistory →COM3.21%$7M103.5K
10GOOGLAlphabet Inc. Class ACOM2.81%$6M24.7K
11JPMJPMorgan Chase & Cohistory →COM2.48%$5M16.8K
12BRK/BBerkshire Hathaway Class Bhistory →COM2.31%$5M9.8K
13IGSBIShares ST Corp Bond ETFhistory →OTR2.04%$4M82.5K
14EXMOCExxon Mobil Corporationhistory →COM1.98%$4M37.5K
15VCSHVanguard Sh Term Corp ETFhistory →OTR1.97%$4M52.8K
16DHRDanaher Corporationhistory →COM1.92%$4M20.7K
17FISVFiserv Inc.history →COM1.91%$4M31.7K
18ADPAutomatic Data Processing Inc.history →COM1.80%$4M13.1K
19VCITVanguard Interm Corp ETFhistory →OTR1.78%$4M45.5K
20AXPAmerican Express Co.history →COM1.77%$4M11.4K
21SYYSysco Corporationhistory →COM1.75%$4M45.6K
22AMGNAmgen Inc.history →COM1.72%$4M13.0K
23PGProcter & Gamble Co.history →COM1.65%$4M23.0K
24VGITVanguard Interm Govt ETFhistory →OTR1.46%$3M51.9K
25SPDR S&P 500 ETF TrustOTR1.40%$3M4.5K
26RTXRaytheon Technologies Corphistory →COM1.39%$3M17.8K
27HONHoneywell Intl Inchistory →COM1.38%$3M14.1K
28DISWalt Disney Companyhistory →COM1.37%$3M25.6K
29PEPPepsiCo, Inc.history →COM1.33%$3M20.3K
30MDLZMondelez International Inchistory →COM1.27%$3M43.7K
31CVXChevron Corphistory →COM1.26%$3M17.3K
32CSCOCisco Systems Inc.history →COM1.21%$3M38.0K
33RSGRepublic Services Inc.history →COM1.19%$3M11.1K
34VTIVanguard Total Stock Mkthistory →OTR1.18%$3M7.7K
35EMREmerson Electric Co.history →COM1.10%$2M18.0K
36TIPIShares Barclays TIPS ETFhistory →OTR1.02%$2M19.7K
37ELVElevance Health, Inc.COM0.86%$2M5.7K
38DUKDuke Energy CorpCOM0.85%$2M14.7K
39ABTAbbott LaboratoriesCOM0.81%$2M12.9K
40NUENucor CorporationCOM0.77%$2M12.1K
41DDominion Energy, Inc.COM0.76%$2M26.4K
42CMCSAComcast cl ACOM0.70%$2M47.9K
43UNPUnion Pacific Corp.COM0.67%$1M6.1K
44SYKStryker CorpCOM0.66%$1M3.8K
45VXFVanguard Ext Mkt ETFOTR0.64%$1M6.5K
46PFEPfizer Inc.COM0.64%$1M53.4K
47CPTCamden Property TrustCOM0.63%$1M12.7K
48USBU.S. BancorpCOM0.62%$1M27.6K
49MSMorgan StanleyCOM0.56%$1M7.6K
50MRKMerck & Co. Inc.COM0.55%$1M14.1K
51DDDuPont de Nemours Inc.COM0.55%$1M15.1K
52SUBIShares S&P ST AMT Free ETFOTR0.54%$1M10.8K
53AVBAvalonbay CommunitiesCOM0.49%$1M5.4K
54PSXPhillips 66COM0.48%$1M7.6K
55GISGeneral Mills Inc.COM0.48%$1M20.5K
56COPConocoPhillipsCOM0.47%$1M10.7K
57FTVFortive CorporationCOM0.41%$889,00018.1K
58CBChubb LimitedCOM0.40%$854,0003.0K
59NVONovo-Nordisk A/SCOM0.38%$820,00014.8K
60GPCGenuine Parts CompanyCOM0.36%$780,0005.6K
61AFLAFLAC Inc.COM0.36%$772,0006.9K
62GSGoldman Sachs Group IncCOM0.36%$763,000958
63VEUVanguard FTSE All-World ex-USOTR0.34%$732,00010.3K
64DEODiageo PLC ADSCOM0.33%$708,0007.4K
65MUSAMurphy USA, Inc.COM0.32%$691,0001.8K
66CLColgate-Palmolive CoCOM0.31%$664,0008.3K
67GLDSPDR Gold TrustOTR0.30%$649,0001.8K
68BNDVanguard Tot Bond ETFOTR0.29%$614,0008.3K
69CARRCarrier Global CorpCOM0.28%$608,00010.2K
70Veralto CorporationCOM0.26%$559,0005.2K
71VZVerizon Communications, Inc.COM0.25%$541,00012.3K
72EQREquity Residential PropertiesCOM0.25%$526,0008.1K
73DVYIShares Select Dividend ETFOTR0.24%$515,0003.6K
74OTISOtis Worldwide CorpCOM0.23%$500,0005.5K
75CVSCVS Health CorporationCOM0.20%$418,0005.5K
76IJHiShares S&P Midcap 400OTR0.18%$375,0005.7K
77MMM3M CompanyCOM0.17%$369,0002.4K
78EFAiShr MSCI EAFE ETFOTR0.17%$360,0003.9K
79BACBank of America CorpCOM0.16%$353,0006.8K
80G.E. AerospaceCOM0.16%$348,0001.2K
81CICigna CorporationCOM0.16%$347,0001.2K
82EPDEnterprise Products Part LPCOM0.15%$330,00010.6K
83WMTWalmart Inc.COM0.15%$321,0003.1K
84RALRalliant Corp.COM0.12%$264,0006.0K
85IBMIBM CorpCOM0.12%$254,000900
86PEGPublic Service Enterprise GrpCOM0.12%$253,0003.0K
87LOWLowes Companies Inc.COM0.11%$245,000973
88CTVACorteva Inc.COM0.11%$239,0003.5K

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 ↗.