Q2 2026 13F · SEC CIK 1966087

Kapstone Financial Advisors LLC

Wealth managerFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $238.8M
Reported positions: 175
Top holdings a year, 3 yrs: +19.0%
Assets under management: $322.3M

Kapstone Financial Advisors LLC is a wealth manager that reported 175 positions worth $238.8M in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Ishares Core S&p 500 ETF (IVV, 19.2%), Apple Inc (AAPL, 7.5%), Ishares Tr (HDV, 5.7%). A portfolio copying its top holdings returned 19.0% a year over the last 3 years, against 20.4% for the S&P 500.

Kapstone Financial Advisors LLC holdings largest 50 of 175 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Kapstone Financial Advisors LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Core S&p 500 ETF	19.2%	19.0%	61,329	+3.1%	$45.9M
AAPLApple Inc	7.5%	7.9%	61,991	-1.9%	$17.9M
HDVIshares Tr	5.7%	6.6%	498,717	+402.1%	$13.7M
IVWIshares	3.1%	2.6%	53,760	+15.4%	$7.4M
QQQInvesco Qqq Tr	2.3%	2.0%	7,460	+4.2%	$5.5M
GOOGLAlphabet Inc	2.2%	2.1%	14,812	-1.3%	$5.3M
PGProcter & Gamble Co Com	2.1%	2.3%	33,936	+5.5%	$5.0M
PLTRPalantir Technologies Inclass Class A	2.1%	2.9%	42,616	+4.7%	$5.0M
VYMVym	1.9%	2.1%	29,163	-1.1%	$4.6M
METAMeta Platforms Inc Class A	1.9%	2.4%	8,110	-4.3%	$4.6M
MSFTMicrosoft Corp	1.9%	2.0%	12,065	+6.8%	$4.5M
NVDANvidia Corporation Com	1.7%	1.7%	20,357	+0.3%	$4.1M
ABBVAbbvie Inc	1.6%	1.5%	15,264	+12.1%	$3.8M
IWFIshares Russell 1000 Growth ETF	1.5%	1.5%	29,236	+298.7%	$3.6M
GOOGAlphabet Inc	1.4%	1.3%	9,308	-0.3%	$3.3M
DVYiShares Select Dividend ETF Total	1.4%	1.6%	20,948	-0.9%	$3.3M
JPMJpmorgan Chase & Co	1.3%	1.3%	9,463	+3.4%	$3.1M
BRK-BBerkshire Hathaway Inc Del	1.3%	1.5%	6,093	-2.8%	$3.0M
IBITIshares Bitcoin Trust ETF	1.1%	1.1%	77,664	+28.6%	$2.6M
MUMicron Technology Inc	1.1%	0.4%	2,197	-16.4%	$2.5M
FENIFidelity Enhanced International ETF	0.9%	0.8%	54,777	+21.7%	$2.2M
AMZNAmazon Com Inc Com	0.9%	0.9%	9,142	+0.9%	$2.2M
JNJJohnson & Johnson	0.9%	0.9%	8,363	+11.8%	$2.1M
XOMExxon Mobil Corp	0.9%	1.1%	15,357	+19.8%	$2.1M
CSCOCisco Sys Inc	0.9%	0.6%	17,643	+5.3%	$2.1M
FTCSFirst Trust Capital Strength ETF	0.8%	1.0%	20,949	-0.9%	$2.0M
DGROIshares Core Dividend Growth ETF	0.8%	0.8%	23,729	+0.9%	$1.8M
SPYSpdr S&p 500 ETF Tr	0.7%	0.7%	2,300	+1.4%	$1.7M
GSGoldman Sachs Group Inc	0.6%	—	1,532	—	$1.5M
RYTInvesco S&p 500 Equal Weight Technology	0.6%	0.5%	23,540	+0.0%	$1.5M
LCNBLcnb Corp	0.6%	0.7%	85,667	-0.5%	$1.5M
FTGSFirst Tr Exchange-Traded Fd	0.6%	0.7%	38,992	-1.5%	$1.4M
MSTRStrategy Inc	0.6%	1.0%	16,590	+0.5%	$1.4M
PMPhilip Morris Intl Inc Com	0.6%	0.6%	7,789	-0.3%	$1.4M
VOEVanguard Index Fds	0.6%	0.6%	7,095	+0.2%	$1.4M
VTVVanguard Value ETF	0.6%	—	6,249	—	$1.4M
CAHCardinal Health Inc	0.6%	0.6%	5,719	+1.3%	$1.4M
ADIAnalog Devices Inc	0.5%	0.5%	3,252	+0.3%	$1.3M
RDVYFirst Trust Rising Dividend Achievers Et	0.5%	0.5%	15,149	-3.0%	$1.2M
MRKMerck & Co. Inc	0.5%	0.5%	8,968	+0.0%	$1.2M
MPCMarathon Petroleum Corporation	0.5%	0.6%	4,490	-14.3%	$1.1M
KOCoca Cola Co	0.5%	—	13,968	—	$1.1M
VVisa Inc Com Cl A	0.5%	0.5%	3,170	+0.6%	$1.1M
MOAltria Group Inc	0.5%	0.5%	15,041	-1.1%	$1.1M
VUGVanguard Indx Fd	0.4%	—	12,390	—	$1.1M
COSTCostco Whsl Corp New	0.4%	0.5%	1,122	+0.0%	$1.0M
SPMOInvesco Exch Traded Fd Tr II	0.4%	—	6,481	—	$1.0M
LRCXLam Research Corp	0.4%	—	2,273	—	$985K
VBRVanguard Small Cap Value ETF	0.4%	0.4%	3,980	-2.4%	$967K
UBERUber Technologies Inc	0.4%	0.5%	13,039	-11.2%	$941K

What Kapstone Financial Advisors LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

HDV Ishares Tr+402.1% shares
IWF Ishares Russell 1000 Growth ETF+298.7% shares
IBIT Ishares Bitcoin Trust ETF+28.6% shares
FENI Fidelity Enhanced International ETF+21.7% shares
XOM Exxon Mobil Corp+19.8% shares
IVW Ishares+15.4% shares
ABBV Abbvie Inc+12.1% shares
JNJ Johnson & Johnson+11.8% shares

Reduced

MU Micron Technology Inc-16.4% shares
MPC Marathon Petroleum Corporation-14.3% shares
UBER Uber Technologies Inc-11.2% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +1.8% /yr; S&P 500 +20.1%
3 years: +19.0% /yr; S&P 500 +20.4%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$238.8M	175
Q1 2026	$204.1M	154
Q4 2025	$201.2M	133
Q3 2025	$212.3M	122
Q2 2025	$200.5M	120
Q1 2025	$176.8M	112
Q4 2024	$187.4M	114
Q3 2024	$165.0M	108
Q2 2024	$152.5M	108
Q1 2024	$146.9M	102
Q4 2023	$127.5M	97
Q3 2023	$111.0M	91

Questions about Kapstone Financial Advisors LLC's portfolio

What stocks does Kapstone Financial Advisors LLC own?

Kapstone Financial Advisors LLC's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 175 positions worth $238.8M. The largest are Ishares Core S&p 500 ETF (IVV) at 19.2%, Apple Inc (AAPL) at 7.5%, Ishares Tr (HDV) at 5.7%, Ishares (IVW) at 3.1% and Invesco Qqq Tr (QQQ) at 2.3%.

What did Kapstone Financial Advisors LLC buy last quarter?

In Q2 2026, Kapstone Financial Advisors LLC added Ishares Tr (HDV) (+402.1% shares), Ishares Russell 1000 Growth ETF (IWF) (+298.7% shares) and Ishares Bitcoin Trust ETF (IBIT) (+28.6% shares), compared with its Q1 2026 filing.

What did Kapstone Financial Advisors LLC sell last quarter?

In Q2 2026, Kapstone Financial Advisors LLC cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Duke Energy (DUK), cut from its top 50 Lockheed Martin Corp Com (LMT), cut from its top 50 Csx Corp Com (CSX), cut from its top 50 Fidelity Merrimack Str Tr (FCOR), Micron Technology Inc (MU) (-16.4% shares), Marathon Petroleum Corporation (MPC) (-14.3% shares) and Uber Technologies Inc (UBER) (-11.2% shares), compared with its Q1 2026 filing.

How has Kapstone Financial Advisors LLC's portfolio performed?

A portfolio copying Kapstone Financial Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +1.8% against +20.1%.

When is Kapstone Financial Advisors LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Kapstone Financial Advisors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Kapstone Financial Advisors LLC manage?

Kapstone Financial Advisors LLC reported $322.3M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $238.8M.