SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Bull Street Advisors, LLC

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

Reported Value
$215M
Q4 2025
Positions
92
Filings on Record
27
2019–present window
Filed
Jan 28, 2026
original filing

Summary

Bull Street Advisors, LLC reported $215M in U.S.-listed holdings across 92 positions for Q4 2025.

Its largest position, TJX, represents 5.1% of the portfolio.

Compared with Q3 2025, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+38.5%
share of reported value
Largest Position
+5.1%
Tjx Companies
New / Exited
4 / 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: 20.0%Other: 1.9%REIT: 1.3%ADR: 0.6%MLP: 0.2%
  • Common Stock · 76.0% · $163M
  • ETP · 20.0% · $43M
  • Other · 1.9% · $4M
  • REIT · 1.3% · $3M
  • ADR · 0.6% · $1M
  • MLP · 0.2% · $338,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Qnity CorporationNEW+7.2K7.2K+$592,000$592,000
SLViShares Silver TrustNEW+3.3K3.3K+$209,000$209,000
BDXBecton Dickinson & Co.NEW+1.1K1.1K+$206,000$206,000
CATCaterpillar IncNEW+350350+$201,000$201,000
LOWLowes Companies Inc.SOLD OUT−9730−$245,000$0
VZVerizon Communications, Inc.TRIMMED−3.4K8.9K−$177,000$364,000
WMTWalmart Inc.TRIMMED−4852.6K−$28,000$293,000
PEPPepsiCo, Inc.ADDED+2.0K22.4K+$354,000$3M

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

Holdings — Q4 2025

91 positions (from 92 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX Companies Inc.history →COM5.06%$11M70.9K
2AAPLApple Inc.history →COM4.68%$10M37.1K
3JNJJohnson & Johnsonhistory →COM4.60%$10M47.8K
4BSVVanguard Sh Term Bond ETFhistory →OTR3.91%$8M106.8K
5MSFTMicrosoft Corporationhistory →COM3.85%$8M17.1K
6VGSHVanguard Sh Term Govt ETFhistory →OTR3.76%$8M137.5K
7GOOGLAlphabet Inc. Class ACOM3.47%$7M23.8K
8KOCoca-Cola Companyhistory →COM3.36%$7M103.5K
9COSTCostco Wholesale Corphistory →COM3.12%$7M7.8K
10HDHome Depot Inc.history →COM2.72%$6M17.0K
11JPMJPMorgan Chase & Cohistory →COM2.50%$5M16.7K
12BRK/BBerkshire Hathaway Class Bhistory →COM2.28%$5M9.8K
13DHRDanaher Corporationhistory →COM2.21%$5M20.7K
14EXMOCExxon Mobil Corporationhistory →COM2.10%$5M37.5K
15IGSBIShares ST Corp Bond ETFhistory →OTR2.05%$4M83.5K
16AMGNAmgen Inc.history →COM1.98%$4M13.0K
17VCSHVanguard Sh Term Corp ETFhistory →OTR1.96%$4M52.8K
18AXPAmerican Express Co.history →COM1.86%$4M10.8K
19VCITVanguard Interm Corp ETFhistory →OTR1.78%$4M45.8K
20SYYSysco Corporationhistory →COM1.56%$3M45.5K
21PGProcter & Gamble Co.history →COM1.55%$3M23.3K
22ADPAutomatic Data Processing Inc.history →COM1.52%$3M12.7K
23RTXRaytheon Technologies Corphistory →COM1.51%$3M17.7K
24PEPPepsiCo, Inc.history →COM1.49%$3M22.4K
25VGITVanguard Interm Govt ETFhistory →OTR1.48%$3M53.3K
26SPDR S&P 500 ETF TrustOTR1.41%$3M4.4K
27CSCOCisco Systems Inc.history →COM1.35%$3M37.6K
28DISWalt Disney Companyhistory →COM1.30%$3M24.6K
29CVXChevron Corphistory →COM1.29%$3M18.2K
30HONHoneywell Intl Inchistory →COM1.28%$3M14.1K
31VTIVanguard Total Stock Mkthistory →OTR1.22%$3M7.8K
32EMREmerson Electric Co.history →COM1.10%$2M17.8K
33RSGRepublic Services Inc.history →COM1.10%$2M11.1K
34MDLZMondelez International Inchistory →COM1.09%$2M43.7K
35TIPIShares Barclays TIPS ETFOTR0.97%$2M18.9K
36FISVFiserv Inc.COM0.93%$2M29.9K
37ELVElevance Health, Inc.COM0.93%$2M5.7K
38NUENucor CorporationCOM0.91%$2M11.9K
39DUKDuke Energy CorpCOM0.80%$2M14.7K
40ABTAbbott LaboratoriesCOM0.75%$2M12.9K
41DDominion Energy, Inc.COM0.72%$2M26.4K
42MRKMerck & Co. Inc.COM0.69%$1M14.1K
43USBU.S. BancorpCOM0.68%$1M27.5K
44UNPUnion Pacific Corp.COM0.66%$1M6.1K
45CPTCamden Property TrustCOM0.65%$1M12.7K
46VXFVanguard Ext Mkt ETFOTR0.65%$1M6.7K
47SYKStryker CorpCOM0.62%$1M3.8K
48PFEPfizer Inc.COM0.61%$1M52.3K
49CMCSAComcast cl ACOM0.60%$1M43.4K
50MSMorgan StanleyCOM0.60%$1M7.2K
51SUBIShares S&P ST AMT Free ETFOTR0.54%$1M10.9K
52FTVFortive CorporationCOM0.47%$1M18.1K
53COPConocoPhillipsCOM0.46%$998,00010.7K
54AVBAvalonbay CommunitiesCOM0.46%$986,0005.4K
55PSXPhillips 66COM0.45%$978,0007.6K
56GISGeneral Mills Inc.COM0.44%$946,00020.4K
57CBChubb LimitedCOM0.44%$944,0003.0K
58GSGoldman Sachs Group IncCOM0.36%$785,000893
59VEUVanguard FTSE All-World ex-USOTR0.35%$758,00010.3K
60NVONovo-Nordisk A/SCOM0.35%$751,00014.8K
61GLDSPDR Gold TrustOTR0.34%$724,0001.8K
62AFLAFLAC Inc.COM0.34%$721,0006.5K
63MUSAMurphy USA, Inc.COM0.33%$718,0001.8K
64GPCGenuine Parts CompanyCOM0.32%$692,0005.6K
65CLColgate-Palmolive CoCOM0.30%$640,0008.1K
66DEODiageo PLC ADSCOM0.29%$628,0007.3K
67BNDVanguard Tot Bond ETFOTR0.28%$611,0008.3K
68Qnity CorporationCOM0.28%$592,0007.2K
69DDDuPont de Nemours Inc.COM0.27%$586,00014.6K
70CARRCarrier Global CorpCOM0.25%$544,00010.3K
71Veralto CorporationCOM0.24%$523,0005.2K
72EQREquity Residential PropertiesCOM0.24%$512,0008.1K
73DVYIShares Select Dividend ETFOTR0.24%$512,0003.6K
74OTISOtis Worldwide CorpCOM0.22%$478,0005.5K
75CVSCVS Health CorporationCOM0.20%$440,0005.5K
76BACBank of America CorpCOM0.17%$376,0006.8K
77EFAiShr MSCI EAFE ETFOTR0.17%$370,0003.9K
78IJHiShares S&P Midcap 400OTR0.17%$370,0005.6K
79MMM3M CompanyCOM0.17%$369,0002.3K
80VZVerizon Communications, Inc.COM0.17%$364,0008.9K
81G.E. AerospaceCOM0.17%$361,0001.2K
82EPDEnterprise Products Part LPCOM0.16%$338,00010.6K
83CICigna CorporationCOM0.15%$321,0001.2K
84RALRalliant Corp.COM0.14%$306,0006.0K
85WMTWalmart Inc.COM0.14%$293,0002.6K
86IBMIBM CorpCOM0.12%$267,000900
87PEGPublic Service Enterprise GrpCOM0.11%$244,0003.0K
88CTVACorteva Inc.COM0.11%$234,0003.5K
89SLViShares Silver TrustCOM0.10%$209,0003.3K
90BDXBecton Dickinson & Co.COM0.10%$206,0001.1K
91CATCaterpillar IncCOM0.09%$201,000350

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 ↗.