Bull Street Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Bull Street Advisors, LLC reported 89 stock positions worth $214.2 million. Its top holding was TJX Companies (TJX) at 4.8% of the portfolio, followed by Apple (AAPL, 4.4%) and Microsoft (MSFT, 4.2%). Compared with Q2 2025, it added to 10 and reduced 34. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +20%) and the biggest sale Fiserv (FISV, shares −0%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001790837
Portfolio Value
$214.2M (Q3 2025)
SEC Filing
0001790837-25-000007 ↗ filed Oct 28, 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 Q2 2025 Q3 2025: $214.2M $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 · $214.2M
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.83% 71,537 $10.3M Reduce -0.1%
AAPL Apple Inc. 4.45% 37,416 $9.5M Reduce -0.4%
MSFT Microsoft Corp. 4.16% 17,188 $8.9M Reduce -0.5%
JNJ Johnson & Johnson 4.14% 47,825 $8.9M Reduce -0.0%
BSV Vanguard Short-Term Bond ETF 3.92% 106,347 $8.4M Reduce -0.6%
VGSH Vanguard Short-Term Treasury 3.73% 135,837 $8.0M No change
COST Costco Wholesale Corp. 3.38% 7,818 $7.2M Reduce -0.9%
HD Home Depot Inc. 3.23% 17,090 $6.9M No change
KO The Coca-Cola Co. 3.21% 103,522 $6.9M No change
JPM JPMorgan Chase & Co. 2.48% 16,826 $5.3M No change
BRK.B Berkshire Hathaway Inc. Class B 2.31% 9,828 $4.9M Reduce -0.5%
IGSB iShares 1-5Y Inv Grade Corp. 2.04% 82,490 $4.4M Reduce -0.1%
XOM Exxon Mobil Corp. 1.98% 37,538 $4.2M Add +0.0%
VCSH Vanguard S/T Corp. Bond ETF 1.97% 52,817 $4.2M Reduce -0.1%
DHR Danaher Corp. 1.92% 20,732 $4.1M Reduce -1.1%
FISV Fiserv Inc. 1.91% 31,745 $4.1M Reduce -0.1%
ADP Automatic Data Processing 1.80% 13,143 $3.9M No change
VCIT Vanguard Int-Term Corporate 1.78% 45,451 $3.8M Reduce -1.9%
AXP American Express Co. 1.77% 11,430 $3.8M No change
SYY Sysco Corp. 1.75% 45,574 $3.8M Reduce -1.3%
AMGN Amgen Inc. 1.72% 13,030 $3.7M Reduce -0.0%
PG The Procter & Gamble Co. 1.65% 22,992 $3.5M Add +0.1%
GOOGL Alphabet Inc. Class A 1.58% 13,900 $3.4M No change
VGIT Vanguard Intermediate-Term T 1.46% 51,920 $3.1M Reduce -2.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.40% 4,487 $3.0M Reduce -0.1%
RTX RTX Corp. 1.39% 17,769 $3.0M Reduce -0.1%
HON Honeywell International Inc. 1.38% 14,086 $3.0M Reduce -0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.37% 25,569 $2.9M Reduce -1.7%
PEP Pepsico Inc. 1.33% 20,322 $2.9M Add +2.1%
MDLZ Mondelez International Inc. Class A 1.27% 43,709 $2.7M Reduce -0.4%
CVX Chevron Corp. 1.26% 17,321 $2.7M Add +0.3%
GOOG Alphabet Inc. Class C 1.23% 10,841 $2.6M No change
CSCO Cisco Systems Inc. 1.21% 37,953 $2.6M Reduce -0.1%
RSG Republic Services Inc. 1.19% 11,143 $2.6M No change
VTI VG Morningstar TS MKT ETF-US 1.18% 7,688 $2.5M Add +20.4%
EMR Emerson Electric Co. 1.10% 18,012 $2.4M Reduce -0.4%
TIP iShares Tips Bond ETF 1.02% 19,728 $2.2M Reduce -2.2%
ELV Elevance Health Inc. 0.86% 5,684 $1.8M Reduce -17.6%
DUK Duke Energy Corp. 0.85% 14,673 $1.8M Reduce -1.0%
ABT Abbott Laboratories 0.81% 12,918 $1.7M No change
NUE Nucor Corp. 0.77% 12,133 $1.6M Add +10.8%
D Dominion Energy Inc. 0.76% 26,450 $1.6M Add +2.8%
CMCSA Comcast Corp. Class A 0.70% 47,918 $1.5M Add +2.5%
UNP Union Pacific Corp. 0.67% 6,105 $1.4M No change
SYK Stryker Corp. 0.66% 3,849 $1.4M No change
VXF Vanguard Extended Market ETF 0.64% 6,550 $1.4M No change
PFE Pfizer Inc. 0.64% 53,427 $1.4M No change
CPT Camden Property Trust 0.63% 12,735 $1.4M No change
USB US Bancorp 0.62% 27,594 $1.3M Add +2.7%
MS Morgan Stanley 0.56% 7,575 $1.2M No change
MRK Merck & Co. Inc. 0.55% 14,123 $1.2M No change
DD Dupont DE Nemours Inc. 0.55% 15,120 $1.2M Reduce -2.2%
SUB iShares Short-Term National 0.54% 10,825 $1.2M No change
AVB Avalonbay Communities Inc. 0.49% 5,440 $1.1M No change
PSX Phillips 66 0.48% 7,606 $1.0M No change
GIS General Mills Inc. 0.48% 20,470 $1.0M Reduce -0.5%
COP Conocophillips 0.47% 10,660 $1.0M No change
FTV Fortive Corp. 0.41% 18,147 $889K Reduce -1.1%
CB Chubb Ltd. 0.40% 3,025 $854K Reduce -0.8%
NVO Novo-Nordisk A/S-Spons ADR 0.38% 14,770 $820K No change
GPC Genuine Parts Co. 0.36% 5,625 $780K No change
AFL Aflac Inc. 0.36% 6,915 $772K No change
GS Goldman Sachs Group Inc. 0.36% 958 $763K No change
VEU Vanguard Ftse All-World Ex-U 0.34% 10,259 $732K Add +56.8%
DEO Diageo PLC-Sponsored ADR 0.33% 7,415 $708K No change
MUSA Murphy USA Inc. 0.32% 1,780 $691K No change
CL Colgate-Palmolive Co. 0.31% 8,300 $664K Reduce -1.9%
GLD SPDR Gold Shares 0.30% 1,827 $649K No change
BND Vanguard Total Bond Market 0.29% 8,251 $614K No change
CARR Carrier Global Corp. 0.28% 10,176 $608K No change
VLTO Veralto Corp. 0.26% 5,246 $559K No change
VZ Verizon Communications Inc. 0.25% 12,300 $541K Reduce -17.8%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.25% 8,122 $526K No change
DVY iShares Select Dividend ETF 0.24% 3,625 $515K No change
OTIS Otis Worldwide Corp. 0.23% 5,470 $500K No change
CVS CVS Health Corp. 0.20% 5,543 $418K Reduce -6.7%
IJH iShares Core S&P Midcap ETF 0.18% 5,745 $375K No change
MMM 3M Co. 0.17% 2,377 $369K No change
EFA iShares MSCI Eafe ETF 0.17% 3,853 $360K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 6,837 $353K No change
GE General Electric filed as GE AEROSPACE 0.16% 1,156 $348K No change
CI The Cigna Group 0.16% 1,205 $347K No change
EPD Enterprise Products Partners 0.15% 10,551 $330K No change
WMT Walmart Inc. 0.15% 3,115 $321K No change
RAL Ralliant Corp. 0.12% 6,031 $264K Reduce -2.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 900 $254K No change
PEG Public Service Enterprise GP 0.12% 3,036 $253K No change
LOW Lowe's Cos Inc. 0.11% 973 $245K No change
CTVA Corteva Inc. 0.11% 3,536 $239K Reduce -1.8%

Portfolio Sells Q2 2025 → Q3 2025
FISV Fiserv Inc. Reduce -0.1% 1.91% −0.72
ELV Elevance Health Inc. Reduce -17.6% 0.86% −0.43
COST Costco Wholesale Corp. Reduce -0.9% 3.38% −0.38
HON Honeywell International Inc. Reduce -0.0% 1.38% −0.19
DIS The Walt Disney Co. Reduce -1.7% 1.37% −0.18
MDLZ Mondelez International Inc. Class A Reduce -0.4% 1.27% −0.15
BSV Vanguard Short-Term Bond ETF Reduce -0.6% 3.92% −0.13
VGIT Vanguard Intermediate-Term T Reduce -2.9% 1.46% −0.08
DHR Danaher Corp. Reduce -1.1% 1.92% −0.07
VCIT Vanguard Int-Term Corporate Reduce -1.9% 1.78% −0.06
CL Colgate-Palmolive Co. Reduce -1.9% 0.31% −0.06
VZ Verizon Communications Inc. Reduce -17.8% 0.25% −0.06
EMR Emerson Electric Co. Reduce -0.4% 1.10% −0.06
CSCO Cisco Systems Inc. Reduce -0.1% 1.21% −0.05
IGSB iShares 1-5Y Inv Grade Corp. Reduce -0.1% 2.04% −0.05
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.1% 1.97% −0.05
FTV Fortive Corp. Reduce -1.1% 0.41% −0.04
TIP iShares Tips Bond ETF Reduce -2.2% 1.02% −0.04
AMGN Amgen Inc. Reduce -0.0% 1.72% −0.03
GIS General Mills Inc. Reduce -0.5% 0.48% −0.03
CB Chubb Ltd. Reduce -0.8% 0.40% −0.03
RAL Ralliant Corp. Reduce -2.2% 0.12% −0.02
CTVA Corteva Inc. Reduce -1.8% 0.11% −0.02
CVS CVS Health Corp. Reduce -6.7% 0.20% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 2.31% +0.00
DUK Duke Energy Corp. Reduce -1.0% 0.85% +0.01
MSFT Microsoft Corp. Reduce -0.5% 4.16% +0.03
DD Dupont DE Nemours Inc. Reduce -2.2% 0.55% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 1.40% +0.06
SYY Sysco Corp. Reduce -1.3% 1.75% +0.07
RTX RTX Corp. Reduce -0.1% 1.39% +0.14
TJX TJX Companies Inc. Reduce -0.1% 4.83% +0.58
JNJ Johnson & Johnson Reduce -0.0% 4.14% +0.63
AAPL Apple Inc. Reduce -0.4% 4.45% +0.74

Portfolio Buys Q2 2025 → Q3 2025
VTI VG Morningstar TS MKT ETF-US Add +20.4% 1.18% +0.24
VEU Vanguard Ftse All-World Ex-U Add +56.8% 0.34% +0.13
NUE Nucor Corp. Add +10.8% 0.77% +0.09
PEP Pepsico Inc. Add +2.1% 1.33% +0.07
CVX Chevron Corp. Add +0.3% 1.26% +0.07
D Dominion Energy Inc. Add +2.8% 0.76% +0.06
USB US Bancorp Add +2.7% 0.62% +0.04
XOM Exxon Mobil Corp. Add +0.0% 1.98% +0.03
CMCSA Comcast Corp. Class A Add +2.5% 0.70% −0.10
PG The Procter & Gamble Co. Add +0.1% 1.65% −0.11

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