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Kapstone Financial Advisors LLC — 13F Holdings & Portfolio

CIK 1966087 · latest 13F-HR filed 2026-08-07

Backtest portfolio

Kapstone Financial Advisors LLC manages $238.8M in 13F-reported U.S. long-equity assets across 175 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (19.23%), AAPL (7.51%), HDV (5.72%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 27 new positions, exited 6, added to 99, and trimmed 20.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
212 N. BROADWAY ST.
LEBANON, OH 45036
Phone
(937) 751-1000
Filing Manager
Kapstone Financial Advisors LLC
LEBANON, OH
Signatory
David Kronour
Chief Compliance Officer
Loading holdings…
AUM

$238.8M

Long-equity book

Holdings

175

Distinct positions

Period

2026-06-30

Filed 2026-08-07

Q/Q Activity

+27 / −6 / ↑99 / ↓20

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • ISHARES TR$7.1M +18.2%
  • ISHARES TR$2.1M +40.3%
  • APPLE INC$1.9M +11.8%
  • MICRON TECHNOLOGY INC$1.6M +185.6%
  • INVESCO QQQ TR$1.4M +33.0%
Show all 99 →

Top Trims

  • CHEVRON CORPORATION-$1.2M -63.1%
  • PALANTIR TECHNOLOGIES INC-$980.0K -16.5%
  • STRATEGY INC-$617.0K -30.0%
  • META PLATFORMS INC-$282.2K -5.8%
  • FIDELITY WISE ORIGIN BITCOIN-$157.3K -22.7%
Show all 20 →

New Positions

  • VANGUARD SPECIALIZED FUNDS$539.3K
  • VANGUARD BD INDEX FDS$412.2K
  • APPLIED MATLS INC$390.4K
  • VANGUARD INDEX FDS$382.2K
  • VANGUARD INDEX FDS$347.4K
Show all 27 →

Exited Positions

  • CONOCOPHILLIPS$238.4K
  • GILEAD SCIENCES INC$217.0K
  • SHELL PLC$202.5K
  • ABRDN LIFE SCIENCES INVESTOR$182.5K
  • CONAGRA BRANDS INC$160.1K
Show all 6 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR IVV 464287200 $45.9M 19.23% 61,329 SH
2 APPLE INC AAPL 037833100 $17.9M 7.51% 61,991 SH
3 ISHARES TR HDV 46429B663 $13.7M 5.72% 498,717 SH
4 ISHARES TR IVW 464287309 $7.4M 3.10% 53,760 SH
5 INVESCO QQQ TR QQQ 46090E103 $5.5M 2.30% 7,460 SH
6 ALPHABET INC GOOGL 02079K305 $5.3M 2.22% 14,812 SH
7 PROCTER & GAMBLE CO PG 742718109 $5.0M 2.08% 33,936 SH
8 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $5.0M 2.08% 42,616 SH
9 VANGUARD WHITEHALL FDS VYM 921946406 $4.6M 1.93% 29,163 SH
10 META PLATFORMS INC META 30303M102 $4.6M 1.91% 8,110 SH
11 MICROSOFT CORP MSFT 594918104 $4.5M 1.88% 12,065 SH
12 NVIDIA CORPORATION NVDA 67066G104 $4.1M 1.71% 20,357 SH
13 ABBVIE INC ABBV 00287Y109 $3.8M 1.61% 15,264 SH
14 ISHARES TR IWF 464287614 $3.6M 1.52% 29,236 SH
15 ALPHABET INC GOOG 02079K107 $3.3M 1.38% 9,308 SH
16 ISHARES TR DVY 464287168 $3.3M 1.37% 20,948 SH
17 JPMORGAN CHASE & CO JPM 46625H100 $3.1M 1.30% 9,463 SH
18 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $3.0M 1.28% 6,093 SH
19 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $2.6M 1.08% 77,664 SH
20 MICRON TECHNOLOGY INC MU 595112103 $2.5M 1.06% 2,197 SH
21 FIDELITY COVINGTON TRUST FENI 31609A404 $2.2M 0.92% 54,777 SH
22 AMAZON COM INC AMZN 023135106 $2.2M 0.91% 9,142 SH
23 JOHNSON & JOHNSON JNJ 478160104 $2.1M 0.89% 8,363 SH
24 EXXON MOBIL CORP XOM 30231G102 $2.1M 0.88% 15,357 SH
25 CISCO SYS INC CSCO 17275R102 $2.1M 0.87% 17,643 SH
26 FIRST TR EXCHANGE-TRADED FD FTCS 33733E104 $2.0M 0.82% 20,949 SH
27 ISHARES TR DGRO 46434V621 $1.8M 0.75% 23,729 SH
28 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.7M 0.72% 2,300 SH
29 GOLDMAN SACHS GROUP INC GS 38141G104 $1.5M 0.65% 1,532 SH
30 INVESCO EXCHANGE TRADED FD T RSPT 46137V282 $1.5M 0.64% 23,540 SH
31 LCNB CORP LCNB 50181P100 $1.5M 0.63% 85,667 SH
32 FIRST TR EXCHANGE-TRADED FD FTGS 33733E823 $1.4M 0.60% 38,992 SH
33 STRATEGY INC MSTR 594972408 $1.4M 0.60% 16,590 SH
34 PHILIP MORRIS INTL INC PM 718172109 $1.4M 0.59% 7,789 SH
35 VANGUARD INDEX FDS VOE 922908512 $1.4M 0.59% 7,095 SH
36 VANGUARD INDEX FDS VTV 922908744 $1.4M 0.57% 6,249 SH
37 CARDINAL HEALTH INC CAH 14149Y108 $1.4M 0.57% 5,719 SH
38 ANALOG DEVICES INC ADI 032654105 $1.3M 0.54% 3,252 SH
39 FIRST TR EXCHANGE TRADED FD RDVY 33738R506 $1.2M 0.51% 15,149 SH
40 MERCK & CO INC MRK 58933Y105 $1.2M 0.48% 8,968 SH
41 MARATHON PETE CORP MPC 56585A102 $1.1M 0.48% 4,490 SH
42 COCA COLA CO KO 191216100 $1.1M 0.48% 13,968 SH
43 VISA INC V 92826C839 $1.1M 0.46% 3,170 SH
44 ALTRIA GROUP INC MO 02209S103 $1.1M 0.45% 15,041 SH
45 VANGUARD INDEX FDS VUG 922908736 $1.1M 0.45% 12,390 SH
46 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.0M 0.44% 1,122 SH
47 INVESCO EXCH TRADED FD TR II SPMO 46138E339 $1.0M 0.44% 6,481 SH
48 LAM RESEARCH CORP LRCX 512807306 $985.0K 0.41% 2,273 SH
49 VANGUARD INDEX FDS VBR 922908611 $967.1K 0.40% 3,980 SH
50 UBER TECHNOLOGIES INC UBER 90353T100 $940.9K 0.39% 13,039 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-07 $238.8M 175 0001951757-26-001162
2026-03-31 2026-04-22 $204.1M 154 0001951757-26-000688
2025-12-31 2026-02-05 $201.2M 133 0001951757-26-000364