Kapstone Financial Advisors LLC — 13F Holdings & Portfolio
CIK 1966087 · latest 13F-HR filed 2026-08-07
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 and exited 6; 99 existing positions rose in reported value and 20 fell.
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.
Long-equity book
Distinct positions
Filed 2026-08-07
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 48.1%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Jun 18, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KRONOUR, DAVID, CHARLES Control | MANAGING MEMBER / MANAGING DIRECTOR / CHIEF COMPLIANCE OFFICER since Jan 2022 | 75% or more | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
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%
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%
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
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
Kapstone Financial Advisors LLC Holdings (2026-06-30)
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 |
| 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 |
LEBANON, OH 45036