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 Tr (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 Tr	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 Tr	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	2.1%	2.3%	33,936	+5.5%	$5.0M
PLTRPalantir Technologies Inc	2.1%	2.9%	42,616	+4.7%	$5.0M
VYMVanguard Whitehall Fds	1.9%	2.1%	29,163	-1.1%	$4.6M
METAMeta Platforms Inc	1.9%	2.4%	8,110	-4.3%	$4.6M
MSFTMicrosoft Corp	1.9%	2.0%	12,065	+6.8%	$4.5M
NVDANvidia Corporation	1.7%	1.7%	20,357	+0.3%	$4.1M
ABBVAbbvie Inc	1.6%	1.5%	15,264	+12.1%	$3.8M
IWFIshares Tr	1.5%	1.5%	29,236	+298.7%	$3.6M
GOOGAlphabet Inc	1.4%	1.3%	9,308	-0.3%	$3.3M
DVYIshares Tr	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 Covington Trust	0.9%	0.8%	54,777	+21.7%	$2.2M
AMZNAmazon Com Inc	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 Tr Exchange-Traded Fd	0.8%	1.0%	20,949	-0.9%	$2.0M
DGROIshares Tr	0.8%	0.8%	23,729	+0.9%	$1.8M
SPYState Str Spdr S&p 500 ETF T	0.7%	0.7%	2,300	+1.4%	$1.7M
GSGoldman Sachs Group Inc	0.6%	—	1,532	—	$1.5M
RYTInvesco Exchange Traded Fd T	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	0.6%	0.6%	7,789	-0.3%	$1.4M
VOEVanguard Index Fds	0.6%	0.6%	7,095	+0.2%	$1.4M
VTVVanguard Index Fds	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 Tr Exchange Traded Fd	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	0.5%	0.6%	4,490	-14.3%	$1.1M
KOCoca Cola Co	0.5%	—	13,968	—	$1.1M
VVisa Inc	0.5%	0.5%	3,170	+0.6%	$1.1M
MOAltria Group Inc	0.5%	0.5%	15,041	-1.1%	$1.1M
VUGVanguard Index Fds	0.4%	—	12,390	—	$1.1M
COSTCostco Wholesale Corporation	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 Index Fds	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 Tr+298.7% shares
IBIT Ishares Bitcoin Trust ETF+28.6% shares
FENI Fidelity Covington Trust+21.7% shares
XOM Exxon Mobil Corp+19.8% shares
IVW Ishares Tr+15.4% shares
ABBV Abbvie Inc+12.1% shares
JNJ Johnson & Johnson+11.8% shares

Reduced

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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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 Tr (IVV) at 19.2%, Apple Inc (AAPL) at 7.5%, Ishares Tr (HDV) at 5.7%, Ishares Tr (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 Tr (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 Corporation (CVX), cut from its top 50 Duke Energy Corp New (DUK), cut from its top 50 Lockheed Martin Corp (LMT), cut from its top 50 Csx Corp (CSX), cut from its top 50 Fidelity Merrimack Str Tr (FCOR), Micron Technology Inc (MU) (-16.4% shares), Marathon Petroleum (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.