Bull Street Advisors, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Bull Street Advisors, LLC reported 89 stock positions worth $208.0 million. Its top holding was TJX Companies (TJX) at 4.3% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Vanguard Short-Term Bond ETF (BSV, 4.0%). Compared with Q1 2025, it sold out of 1, added to 13 and reduced 38. The biggest buy was Emerson Electric (EMR, shares +0%) and the biggest sale Fiserv (FISV, shares −1%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001790837
Portfolio Value
$208.0M (Q2 2025)
SEC Filing
0001790837-25-000006 ↗ filed Jul 25, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $208.9M Q1 2024 Q2 2024: $207.3M Q2 2024 Q3 2024: $215.5M Q3 2024 Q4 2024: $207.4M Q4 2024 Q1 2025: $208.7M Q1 2025 Q2 2025: $208.0M $208.0M Q2 2025 Q3 2025: $214.2M Q3 2025 Q4 2025: $215.1M Q4 2025 Q1 2026: $201.9M Q1 2026 Q2 2026: $219.0M Q2 2026

Holdings 89 stocks · $208.0M
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.25% 71,592 $8.8M Reduce -0.7%
MSFT Microsoft Corp. 4.13% 17,268 $8.6M Reduce -1.3%
BSV Vanguard Short-Term Bond ETF 4.05% 107,027 $8.4M Reduce -2.1%
VGSH Vanguard Short-Term Treasury 3.84% 135,837 $8.0M Add +0.2%
COST Costco Wholesale Corp. 3.76% 7,893 $7.8M Reduce -2.3%
AAPL Apple Inc. 3.71% 37,576 $7.7M Reduce -3.5%
KO The Coca-Cola Co. 3.52% 103,522 $7.3M Reduce -0.0%
JNJ Johnson & Johnson 3.51% 47,836 $7.3M Add +0.0%
HD Home Depot Inc. 3.01% 17,090 $6.3M Reduce -1.9%
FISV Fiserv Inc. 2.63% 31,785 $5.5M Reduce -0.7%
JPM JPMorgan Chase & Co. 2.35% 16,826 $4.9M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 2.31% 9,873 $4.8M Reduce -0.3%
IGSB iShares 1-5Y Inv Grade Corp. 2.09% 82,530 $4.4M No change
VCSH Vanguard S/T Corp. Bond ETF 2.02% 52,847 $4.2M Reduce -1.4%
DHR Danaher Corp. 1.99% 20,972 $4.1M No change
ADP Automatic Data Processing 1.95% 13,143 $4.1M Reduce -0.1%
XOM Exxon Mobil Corp. 1.95% 37,536 $4.0M Add +0.0%
VCIT Vanguard Int-Term Corporate 1.85% 46,352 $3.8M Reduce -0.4%
PG The Procter & Gamble Co. 1.76% 22,969 $3.7M Reduce -0.4%
AXP American Express Co. 1.75% 11,430 $3.6M Reduce -0.4%
AMGN Amgen Inc. 1.75% 13,035 $3.6M No change
SYY Sysco Corp. 1.68% 46,169 $3.5M No change
HON Honeywell International Inc. 1.58% 14,091 $3.3M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.55% 26,020 $3.2M Reduce -0.1%
VGIT Vanguard Intermediate-Term T 1.54% 53,455 $3.2M Add +3.3%
MDLZ Mondelez International Inc. Class A 1.42% 43,889 $3.0M Reduce -3.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.33% 4,492 $2.8M Reduce -2.5%
RSG Republic Services Inc. 1.32% 11,143 $2.7M Reduce -7.8%
ELV Elevance Health Inc. 1.29% 6,901 $2.7M No change
CSCO Cisco Systems Inc. 1.27% 37,978 $2.6M Reduce -0.8%
PEP Pepsico Inc. 1.26% 19,902 $2.6M Add +0.4%
RTX RTX Corp. 1.25% 17,794 $2.6M No change
CVX Chevron Corp. 1.19% 17,270 $2.5M Reduce -1.1%
GOOGL Alphabet Inc. Class A 1.18% 13,900 $2.5M Reduce -0.1%
EMR Emerson Electric Co. 1.16% 18,087 $2.4M Add +0.1%
TIP iShares Tips Bond ETF 1.07% 20,178 $2.2M Reduce -6.9%
VTI VG Morningstar TS MKT ETF-US 0.93% 6,388 $1.9M Add +1.1%
GOOG Alphabet Inc. Class C 0.92% 10,841 $1.9M No change
ABT Abbott Laboratories 0.84% 12,918 $1.8M No change
DUK Duke Energy Corp. 0.84% 14,823 $1.7M No change
CMCSA Comcast Corp. Class A 0.80% 46,768 $1.7M Add +1.5%
SYK Stryker Corp. 0.73% 3,849 $1.5M Reduce -0.5%
D Dominion Energy Inc. 0.70% 25,725 $1.5M Reduce -0.5%
CPT Camden Property Trust 0.69% 12,735 $1.4M No change
NUE Nucor Corp. 0.68% 10,947 $1.4M Add +14.4%
UNP Union Pacific Corp. 0.68% 6,105 $1.4M No change
PFE Pfizer Inc. 0.62% 53,427 $1.3M No change
VXF Vanguard Extended Market ETF 0.61% 6,550 $1.3M No change
USB US Bancorp 0.58% 26,865 $1.2M Reduce -9.4%
SUB iShares Short-Term National 0.55% 10,825 $1.2M No change
MRK Merck & Co. Inc. 0.54% 14,123 $1.1M No change
AVB Avalonbay Communities Inc. 0.53% 5,440 $1.1M No change
MS Morgan Stanley 0.51% 7,575 $1.1M No change
GIS General Mills Inc. 0.51% 20,570 $1.1M No change
DD Dupont DE Nemours Inc. 0.51% 15,460 $1.1M Reduce -0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.49% 14,770 $1.0M No change
COP Conocophillips 0.46% 10,660 $957K Reduce -0.8%
FTV Fortive Corp. 0.46% 18,347 $956K Reduce -0.8%
PSX Phillips 66 0.44% 7,606 $907K No change
CB Chubb Ltd. 0.42% 3,050 $884K No change
CL Colgate-Palmolive Co. 0.37% 8,460 $769K Add +1.3%
DEO Diageo PLC-Sponsored ADR 0.36% 7,415 $748K Reduce -5.1%
CARR Carrier Global Corp. 0.36% 10,176 $745K No change
AFL Aflac Inc. 0.35% 6,915 $729K No change
MUSA Murphy USA Inc. 0.35% 1,780 $724K No change
GPC Genuine Parts Co. 0.33% 5,625 $682K Reduce -2.2%
GS Goldman Sachs Group Inc. 0.33% 958 $678K No change
VZ Verizon Communications Inc. 0.31% 14,955 $647K Reduce -5.9%
BND Vanguard Total Bond Market 0.29% 8,251 $607K Add +1.9%
GLD SPDR Gold Shares 0.27% 1,827 $557K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.26% 8,122 $548K No change
OTIS Otis Worldwide Corp. 0.26% 5,470 $542K No change
VLTO Veralto Corp. 0.25% 5,246 $530K Reduce -8.3%
DVY iShares Select Dividend ETF 0.23% 3,625 $481K No change
VEU Vanguard Ftse All-World Ex-U 0.21% 6,544 $440K Add +1.3%
CVS CVS Health Corp. 0.20% 5,938 $410K Reduce -2.5%
CI The Cigna Group 0.19% 1,205 $398K No change
MMM 3M Co. 0.17% 2,377 $362K Reduce -0.9%
IJH iShares Core S&P Midcap ETF 0.17% 5,745 $356K No change
EFA iShares MSCI Eafe ETF 0.17% 3,853 $344K No change
EPD Enterprise Products Partners 0.16% 10,551 $327K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 6,837 $324K Reduce -3.5%
WMT Walmart Inc. 0.15% 3,115 $305K Reduce -1.6%
RAL Ralliant Corp. 0.14% 6,166 $299K Add +0.1%
GE General Electric filed as GE AEROSPACE 0.14% 1,156 $298K No change
CTVA Corteva Inc. 0.13% 3,600 $268K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 900 $265K No change
PEG Public Service Enterprise GP 0.12% 3,036 $256K No change
LOW Lowe's Cos Inc. 0.10% 973 $216K No change

Portfolio Sells Q1 2025 → Q2 2025
FISV Fiserv Inc. Reduce -0.7% 2.63% −0.75
AAPL Apple Inc. Reduce -3.5% 3.71% −0.43
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 2.31% −0.22
CVX Chevron Corp. Reduce -1.1% 1.19% −0.21
FTV Fortive Corp. Reduce -0.8% 0.46% −0.19
PG The Procter & Gamble Co. Reduce -0.4% 1.76% −0.12
BDX Becton Dickinson and Co. Sold out 0.00% −0.12
TIP iShares Tips Bond ETF Reduce -6.9% 1.07% −0.09
COP Conocophillips Reduce -0.8% 0.46% −0.08
RSG Republic Services Inc. Reduce -7.8% 1.32% −0.08
MDLZ Mondelez International Inc. Class A Reduce -3.6% 1.42% −0.06
BSV Vanguard Short-Term Bond ETF Reduce -2.1% 4.05% −0.05
DD Dupont DE Nemours Inc. Reduce -0.3% 0.51% −0.05
HD Home Depot Inc. Reduce -1.9% 3.01% −0.05
VZ Verizon Communications Inc. Reduce -5.9% 0.31% −0.03
DEO Diageo PLC-Sponsored ADR Reduce -5.1% 0.36% −0.03
KO The Coca-Cola Co. Reduce -0.0% 3.52% −0.03
USB US Bancorp Reduce -9.4% 0.58% −0.01
VLTO Veralto Corp. Reduce -8.3% 0.25% −0.01
VCSH Vanguard S/T Corp. Bond ETF Reduce -1.4% 2.02% −0.01
CVS CVS Health Corp. Reduce -2.5% 0.20% −0.00
GPC Genuine Parts Co. Reduce -2.2% 0.33% −0.00
D Dominion Energy Inc. Reduce -0.5% 0.70% +0.00
MMM 3M Co. Reduce -0.9% 0.17% +0.01
WMT Walmart Inc. Reduce -1.6% 0.15% +0.01
BAC Bank of America Corp. Reduce -3.5% 0.16% +0.01
ADP Automatic Data Processing Reduce -0.1% 1.95% +0.02
VCIT Vanguard Int-Term Corporate Reduce -0.4% 1.85% +0.02
SYK Stryker Corp. Reduce -0.5% 0.73% +0.04
TJX TJX Companies Inc. Reduce -0.7% 4.25% +0.04
COST Costco Wholesale Corp. Reduce -2.3% 3.76% +0.10
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.5% 1.33% +0.10
CSCO Cisco Systems Inc. Reduce -0.8% 1.27% +0.14
HON Honeywell International Inc. Reduce -0.5% 1.58% +0.14
GOOGL Alphabet Inc. Class A Reduce -0.1% 1.18% +0.15
AXP American Express Co. Reduce -0.4% 1.75% +0.27
DIS The Walt Disney Co. Reduce -0.1% 1.55% +0.32
JPM JPMorgan Chase & Co. Reduce -0.7% 2.35% +0.35
MSFT Microsoft Corp. Reduce -1.3% 4.13% +0.98

Portfolio Buys Q1 2025 → Q2 2025
EMR Emerson Electric Co. Add +0.1% 1.16% +0.21
NUE Nucor Corp. Add +14.4% 0.68% +0.13
VTI VG Morningstar TS MKT ETF-US Add +1.1% 0.93% +0.10
VGIT Vanguard Intermediate-Term T Add +3.3% 1.54% +0.07
VGSH Vanguard Short-Term Treasury Add +0.2% 3.84% +0.03
VEU Vanguard Ftse All-World Ex-U Add +1.3% 0.21% +0.02
BND Vanguard Total Bond Market Add +1.9% 0.29% +0.01
RAL Ralliant Corp. Add +0.1% 0.14% +0.00
CL Colgate-Palmolive Co. Add +1.3% 0.37% −0.01
CMCSA Comcast Corp. Class A Add +1.5% 0.80% −0.01
PEP Pepsico Inc. Add +0.4% 1.26% −0.16
XOM Exxon Mobil Corp. Add +0.0% 1.95% −0.19
JNJ Johnson & Johnson Add +0.0% 3.51% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 95$219.0MJNJ, AAPL, TJX, KO, COST
Q1 2026 94$201.9MJNJ, AAPL, KO, VGSH, COST
Q4 2025 92$215.1MTJX, AAPL, JNJ, BSV, MSFT
Q3 2025 89$214.2MTJX, AAPL, MSFT, JNJ, BSV
Q2 2025 89$208.0MTJX, MSFT, BSV, VGSH, COST
Q1 2025 89$208.7MTJX, AAPL, BSV, VGSH, JNJ
Q4 2024 89$207.4MAAPL, TJX, BSV, VGSH, COST
Q3 2024 91$215.5MAAPL, BSV, TJX, VGSH, JNJ
Q2 2024 91$207.3MBSV, AAPL, VGSH, TJX, MSFT
Q1 2024 92$208.9MBSV, VGSH, JNJ, MSFT, TJX