CIK: 0001966087
Total reported value
$204.1M
Reporting period: 2026-03-31 · Number of holdings: 154
Kapstone Financial Advisors LLC disclosed 154 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $204.1M and a quarterly turnover rate of 20.1%.
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Kapstone Financial Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.054 — mathematically equivalent to about 18 equally-sized positions, well below its 154 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.73), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 43% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim AAPL
-24.2% -$6.6M
Trim IVV
+2.3% -$952.9K
Add CVX
+143.8% $1.3M
Add HDV
+0.1% $1.4M
Trim PLTR
+3.5% -$1.0M
Trim MSFT
+5.1% -$1.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 19.04% | -0.76% | +2.35% | |
| 2 | AAPL | Apple INC | Stock-Tech | 7.86% | -3.41% | -24.25% | |
| 3 | HDV | Ishares Core High Dividend E | ETF-Other | 6.60% | +0.60% | +0.07% | |
| 4 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 2.92% | -0.55% | +3.53% | |
| 5 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.58% | -0.20% | +2.76% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.38% | -0.40% | — | |
| 7 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.28% | +0.10% | +5.19% | |
| 8 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 2.14% | — | +0.32% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.11% | -0.37% | -5.98% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 2.05% | -0.54% | +5.06% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.02% | — | +1.33% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 1.73% | — | +3.20% | |
| 13 | DVY | Ishares Select Dividend ETF | ETF-Other | 1.57% | +0.11% | +1.69% | |
| 14 | IWF | Ishares Russell 1000 Growth | ETF-Other | 1.53% | -0.20% | -0.45% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.47% | — | +5.08% | |
| 16 | ABBV | Abbvie INC | Stock-Healthcare | 1.45% | — | -0.88% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.32% | — | +3.23% | |
| 18 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.31% | -0.17% | -1.87% | |
| 19 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 1.14% | +0.13% | +47.47% | |
| 20 | XOM | Exxon Mobil CORP | Stock-Energy | 1.06% | +0.35% | +7.54% | |
| 21 | MSTR | Strategy INC | Stock-Tech | 1.01% | -0.27% | -2.56% | |
| 22 | FTCS | First Trust Capital Strength | ETF-Other | 0.96% | — | +0.13% | |
| 23 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.92% | — | +11.39% | |
| 24 | CVX | Chevron CORP | Stock-Energy | 0.90% | +0.62% | +143.82% | |
| 25 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.90% | +0.15% | +3.17% | |
| 26 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 0.82% | +0.82% | NEW | |
| 27 | DGRO | Ishares Core Dividend Growth | ETF-Other | 0.81% | — | -0.44% | |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.72% | — | -3.24% | |
| 29 | FTGS | First Trust Grwth Strgth ETF | ETF-Other | 0.66% | — | -3.96% | |
| 30 | LCNB | Lcnb Corporation | Stock-Other | 0.66% | — | — | |
| 31 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 0.64% | +0.64% | NEW | |
| 32 | CSCO | Cisco Systems INC | Stock-Tech | 0.64% | — | +5.94% | |
| 33 | PM | Philip Morris International | Stock-Consumer Staples | 0.63% | -0.48% | -43.64% | |
| 34 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.63% | +0.21% | — | |
| 35 | CAH | Cardinal Health INC | Stock-Healthcare | 0.58% | — | — | |
| 36 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.55% | — | +7.16% | |
| 37 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.53% | — | +4.58% | |
| 38 | RDVY | First Trust Rising Dividend | ETF-Other | 0.52% | — | +6.75% | |
| 39 | RSPT | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.52% | +0.13% | +36.23% | |
| 40 | UBER | Uber Technologies INC | Stock-Industrials | 0.52% | — | +1.43% | |
| 41 | ADI | Analog Devices INC | Stock-Tech | 0.51% | +0.12% | +11.14% | |
| 42 | MO | Altria Group INC | Stock-Consumer Staples | 0.49% | — | +0.07% | |
| 43 | DUK | Duke Energy CORP | Stock-Utilities | 0.47% | — | +1.00% | |
| 44 | V | Visa Inc-class A Shares | Stock-Financials | 0.47% | — | +4.96% | |
| 45 | MU | Micron Technology INC | Stock-Tech | 0.43% | — | — | |
| 46 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.43% | +0.43% | NEW | |
| 47 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.38% | +0.11% | +13.23% | |
| 48 | CSX | Csx CORP | Stock-Industrials | 0.38% | — | — | |
| 49 | FCOR | Fidelity Corporate Bond ETF | ETF-Corp Bonds | 0.37% | +0.37% | NEW | |
| 50 | MLM | Martin Marietta Materials | Stock-Materials | 0.36% | — | — |
Performance for Q3 2026
+5.8%
Performance Last 4 Quarters
+5.4%
Based on 63% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 154 | $204.1M | 20 | |
| 2025-12-31 | 133 | $201.2M | 20 | |
| 2025-09-30 | 122 | $212.3M | 24 | |
| 2025-06-30 | 120 | $200.5M | 0 | |
| 2025-03-31 | 112 | $176.8M | 0 | |
| 2024-12-31 | 114 | $187.4M | 0 | |
| 2024-09-30 | 108 | $165.0M | 0 | |
| 2024-06-30 | 108 | $152.5M | 0 | |
| 2024-03-31 | 102 | $146.9M | 0 | |
| 2023-12-31 | 97 | $127.5M | 0 | |
| 2023-09-30 | 91 | $111.0M | 0 | |
| 2023-06-30 | 100 | $120.8M | 0 | |
| 2023-03-31 | 94 | $110.9M | 0 | |
| 2022-12-31 | 99 | $109.8M | 0 |
Kapstone Financial Advisors LLC's most significant position changes for 2026-03-31: New buy: Fidelity Enhanced Intl ETF (FENI); New buy: Vanguard Mid-cap Value ETF (VOE); New buy: Vanguard Small-cap Value ETF (VBR); New buy: Fidelity Corporate Bond ETF (FCOR); New buy: Vaneck Morningstar Wide Moat (MOAT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CVX | Chevron CORP | +0.6% | +143.82% | Add |
| 2 | HDV | Ishares Core High Dividend E | +0.6% | +0.07% | Add |
| 3 | XOM | Exxon Mobil CORP | +0.4% | +7.54% | Add |
| 4 | MPC | Marathon Petroleum CORP | +0.2% | — | Unchanged |
| 5 | VV | Vanguard Large-cap ETF | +0.2% | +162.83% | Add |
| 6 | JNJ | Johnson & Johnson | +0.2% | +3.17% | Add |
| 7 | LRCX | Lam Research CORP | +0.1% | +84.80% | Add |
| 8 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | +47.47% | Add |
| 9 | RSPT | Invesco S&p 500 Equal Weight | +0.1% | +36.23% | Add |
| 10 | ADI | Analog Devices INC | +0.1% | +11.14% | Add |
| 11 | DVY | Ishares Select Dividend ETF | +0.1% | +1.69% | Add |
| 12 | LMT | Lockheed Martin CORP | +0.1% | +13.23% | Add |
| 13 | PG | Procter & Gamble Co/the | +0.1% | +5.19% | Add |
| 14 | GOOG | Alphabet Inc-cl C | -0.2% | -1.87% | Trim |
| 15 | F | Ford Motor Co | -0.2% | -53.49% | Trim |
| 16 | IWF | Ishares Russell 1000 Growth | -0.2% | -0.45% | Trim |
| 17 | IVW | Ishares S&p 500 Growth ETF | -0.2% | +2.76% | Add |
| 18 | MSTR | Strategy INC | -0.3% | -2.56% | Trim |
| 19 | GOOGL | Alphabet Inc-cl A | -0.4% | -5.98% | Trim |
| 20 | META | Meta Platforms Inc-class A | -0.4% | — | Unchanged |
| 21 | PM | Philip Morris International | -0.5% | -43.64% | Trim |
| 22 | MSFT | Microsoft CORP | -0.5% | +5.06% | Add |
| 23 | PLTR | Palantir Technologies Inc-a | -0.6% | +3.53% | Add |
| 24 | IVV | Ishares Core S&p 500 ETF | -0.8% | +2.35% | Add |
| 25 | AAPL | Apple INC | -3.4% | -24.25% | Trim |
| 26 | FENI | Fidelity Enhanced Intl ETF | — | NEW | New buy |
| 27 | VOE | Vanguard Mid-cap Value ETF | — | NEW | New buy |
| 28 | VBR | Vanguard Small-cap Value ETF | — | NEW | New buy |
| 29 | FCOR | Fidelity Corporate Bond ETF | — | NEW | New buy |
| 30 | MOAT | Vaneck Morningstar Wide Moat | — | NEW | New buy |
| 31 | VTV | Vanguard Value ETF | — | NEW | New buy |
| 32 | FVD | First Trust Value Line Dvd | — | NEW | New buy |
| 33 | CAT | Caterpillar INC | — | NEW | New buy |
| 34 | GRID | First Trst Nasd Cl Edg Sgiif | — | NEW | New buy |
| 35 | MYI | Blackrock Muniyield Qlty Iii | — | NEW | New buy |
| 36 | SPMO | Invesco S&p 500 Momentum ETF | — | NEW | New buy |
| 37 | VUG | Vanguard Growth ETF | — | NEW | New buy |
| 38 | ELV | Elevance Health INC | — | EXIT | Sold out |
| 39 | HPF | John Hancock Prefer INC Ii | — | NEW | New buy |
| 40 | GS | Goldman Sachs Group INC | — | NEW | New buy |
| 41 | IBM | Intl Business Machines CORP | — | NEW | New buy |
| 42 | VLO | Valero Energy CORP | — | NEW | New buy |
| 43 | GLW | Corning INC | — | NEW | New buy |
| 44 | RTX | Rtx CORP | — | NEW | New buy |
| 45 | SMH | Vaneck Semiconductor ETF | — | NEW | New buy |
| 46 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 47 | COP | Conocophillips | — | NEW | New buy |
| 48 | EPD | Enterprise Products Partners | — | NEW | New buy |
| 49 | AEP | American Electric Power | — | NEW | New buy |
| 50 | XDIAX | Nuveen Dow 30 Dynamic Overwr | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-22 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-07 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-11 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-06 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-06 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-02 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-05 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-08 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-20 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-15 | 13F-HR | View on EDGAR |
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