13F HOLDINGS REPORT
Capstone Financial Advisors, Inc.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001599217-25-000007
Total Value
$1.85B
Positions
184
Other Managers
0
Confidential Omitted
No
Holdings (184)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908769 | 944,996 | $310.1M | 16.81% |
| 2 | ISHARES TR | 464287622 | 654,417 | $239.2M | 12.96% |
| 3 | DIMENSIONAL ETF TRUST | 25434V708 | 5,381,765 | $207.6M | 11.25% |
| 4 | FLEXSHARES TR | FLEX | 2,153,565 | $135.5M | 7.34% |
| 5 | VANGUARD BD INDEX FDS | 921937835 | 1,725,971 | $128.4M | 6.96% |
| 6 | VANGUARD STAR FDS | 921909768 | 1,146,203 | $84.2M | 4.56% |
| 7 | ISHARES TR | 46432F834 | 916,702 | $75.7M | 4.10% |
| 8 | DIMENSIONAL ETF TRUST | 25434V880 | 2,092,625 | $65.7M | 3.56% |
| 9 | MCDONALDS CORP | MCD | 200,454 | $60.9M | 3.30% |
| 10 | ISHARES TR | 464287614 | 114,828 | $53.8M | 2.92% |
| 11 | VANGUARD CHARLOTTE FDS | 92203J407 | 1,068,881 | $52.9M | 2.87% |
| 12 | FLEXSHARES TR | FLEX | 184,195 | $44.6M | 2.42% |
| 13 | FLEXSHARES TR | FLEX | 460,998 | $40.9M | 2.22% |
| 14 | APPLE INC | AAPL | 150,363 | $38.3M | 2.08% |
| 15 | ISHARES TR | 464287150 | 213,650 | $31.1M | 1.69% |
| 16 | ISHARES TR | 46434V647 | 844,361 | $21.6M | 1.17% |
| 17 | JPMORGAN CHASE & CO. | VYLD | 55,627 | $17.5M | 0.95% |
| 18 | NVIDIA CORPORATION | NVDA | 77,280 | $14.4M | 0.78% |
| 19 | AMERICAN CENTY ETF TR | 025072356 | 304,321 | $13.5M | 0.73% |
| 20 | SPDR S&P MIDCAP 400 ETF TR | MDY | 15,340 | $9.1M | 0.50% |
| 21 | ISHARES TR | 464287226 | 90,901 | $9.1M | 0.49% |
| 22 | AMAZON COM INC | AMZN | 40,024 | $8.8M | 0.48% |
| 23 | VANGUARD SPECIALIZED FUNDS | 921908844 | 40,513 | $8.7M | 0.47% |
| 24 | ISHARES TR | 464287655 | 35,523 | $8.6M | 0.47% |
| 25 | VANGUARD MUN BD FDS | 922907746 | 164,973 | $8.3M | 0.45% |
| 26 | MICROSOFT CORP | MSFT | 15,664 | $8.1M | 0.44% |
| 27 | VANGUARD SCOTTSDALE FDS | 92206C730 | 23,036 | $7.0M | 0.38% |
| 28 | ISHARES TR | 464288372 | 111,329 | $6.8M | 0.37% |
| 29 | ISHARES TR | 46435G672 | 124,141 | $6.4M | 0.34% |
| 30 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 8 | $6.0M | 0.33% |
| 31 | CME GROUP INC | CME | 18,105 | $4.9M | 0.27% |
| 32 | VANGUARD SCOTTSDALE FDS | 92206C664 | 49,378 | $4.8M | 0.26% |
| 33 | STRATEGY INC | STRK | 13,698 | $4.4M | 0.24% |
| 34 | COSTCO WHSL CORP NEW | 22160K105 | 4,145 | $3.8M | 0.21% |
| 35 | WALMART INC | WMT | 31,578 | $3.3M | 0.18% |
| 36 | ALPHABET INC | GOOG | 12,974 | $3.2M | 0.17% |
| 37 | SPDR INDEX SHS FDS | 78463X749 | 66,212 | $3.0M | 0.16% |
| 38 | SPDR S&P 500 ETF TR | SPY | 4,341 | $2.9M | 0.16% |
| 39 | QUALCOMM INC | QCOM | 17,290 | $2.9M | 0.16% |
| 40 | CBOE GLOBAL MKTS INC | 12503M108 | 11,110 | $2.7M | 0.15% |
| 41 | DIMENSIONAL ETF TRUST | 25434V104 | 58,932 | $2.7M | 0.15% |
| 42 | TRI CONTL CORP | 895436103 | 75,513 | $2.6M | 0.14% |
| 43 | DIMENSIONAL ETF TRUST | 25434V203 | 67,964 | $2.5M | 0.13% |
| 44 | META PLATFORMS INC | META | 2,903 | $2.1M | 0.12% |
| 45 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4,217 | $2.1M | 0.11% |
| 46 | EATON CORP PLC | ETN | 5,416 | $2.0M | 0.11% |
| 47 | ISHARES TR | 464288414 | 18,964 | $2.0M | 0.11% |
| 48 | INVESCO QQQ TR | IVZ | 2,886 | $1.7M | 0.09% |
| 49 | UNILEVER PLC | UNLYF | 26,596 | $1.6M | 0.09% |
| 50 | EXXON MOBIL CORP | XOM | 13,351 | $1.5M | 0.08% |
| 51 | INTERNATIONAL BUSINESS MACHS | INTR | 5,195 | $1.5M | 0.08% |
| 52 | VANGUARD INDEX FDS | 922908363 | 2,358 | $1.4M | 0.08% |
| 53 | BROADCOM INC | AVGO | 4,187 | $1.4M | 0.07% |
| 54 | CATERPILLAR INC | CAT | 2,801 | $1.3M | 0.07% |
| 55 | TESLA INC | TSLA | 2,898 | $1.3M | 0.07% |
| 56 | TRUMP MEDIA & TECHNOLOGY GRO | DJTWW | 77,527 | $1.3M | 0.07% |
| 57 | DARDEN RESTAURANTS INC | DRI | 6,626 | $1.3M | 0.07% |
| 58 | THE CIGNA GROUP | 125523100 | 4,186 | $1.2M | 0.07% |
| 59 | LUMEN TECHNOLOGIES INC | LUMN | 185,686 | $1.1M | 0.06% |
| 60 | COCA COLA CO | KO | 16,789 | $1.1M | 0.06% |
| 61 | GENERAL MLS INC | 370334104 | 21,478 | $1.1M | 0.06% |
| 62 | ALASKA AIR GROUP INC | ALK | 19,540 | $972,702 | 0.05% |
| 63 | PALANTIR TECHNOLOGIES INC | PLTR | 5,324 | $971,205 | 0.05% |
| 64 | STRATEGY INC | STRK | 3,000 | $966,630 | 0.05% |
| 65 | ADAMS DIVERSIFIED EQUITY FD | 006212104 | 42,062 | $937,982 | 0.05% |
| 66 | CALEDONIA MNG CORP PLC | G1757E113 | 25,699 | $930,561 | 0.05% |
| 67 | JOHNSON & JOHNSON | JNJ | 4,865 | $902,060 | 0.05% |
| 68 | ISHARES TR | 464287689 | 2,346 | $889,165 | 0.05% |
| 69 | ABBVIE INC | ABBV | 3,824 | $885,498 | 0.05% |
| 70 | GRAINGER W W INC | 384802104 | 928 | $884,347 | 0.05% |
| 71 | ISHARES TR | 464287200 | 1,315 | $880,457 | 0.05% |
| 72 | HOME DEPOT INC | HD | 2,155 | $873,130 | 0.05% |
| 73 | FIFTH THIRD BANCORP | FITBM | 19,517 | $869,487 | 0.05% |
| 74 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 5,022 | $846,151 | 0.05% |
| 75 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 18,541 | $836,209 | 0.05% |
| 76 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 14,533 | $829,838 | 0.04% |
| 77 | CROWDSTRIKE HLDGS INC | CRWD | 1,559 | $764,503 | 0.04% |
| 78 | MERCK & CO INC | MRK | 9,013 | $756,449 | 0.04% |
| 79 | LAMB WESTON HLDGS INC | LW | 12,419 | $721,268 | 0.04% |
| 80 | NETFLIX INC | NFLX | 599 | $718,154 | 0.04% |
| 81 | ACCENTURE PLC IRELAND | ACN | 2,864 | $706,263 | 0.04% |
| 82 | DIMENSIONAL ETF TRUST | 25434V799 | 20,750 | $680,393 | 0.04% |
| 83 | GE AEROSPACE | 369604301 | 2,157 | $649,006 | 0.04% |
| 84 | INTEL CORP | INTC | 19,343 | $648,943 | 0.04% |
| 85 | AMERICAN EXPRESS CO | AXP | 1,939 | $644,077 | 0.03% |
| 86 | VANGUARD WORLD FD | 921910733 | 5,344 | $632,978 | 0.03% |
| 87 | FRANKLIN TEMPLETON DIGITAL H | 354921108 | 9,250 | $612,443 | 0.03% |
| 88 | SCHWAB STRATEGIC TR | 808524102 | 23,503 | $604,264 | 0.03% |
| 89 | CHEVRON CORP NEW | CVX | 3,875 | $601,781 | 0.03% |
| 90 | J P MORGAN EXCHANGE TRADED F | 46641Q654 | 11,603 | $592,227 | 0.03% |
| 91 | ALPHABET INC | GOOG | 2,396 | $583,426 | 0.03% |
| 92 | WISDOMTREE TR | WT | 12,976 | $574,442 | 0.03% |
| 93 | J P MORGAN EXCHANGE TRADED F | 46654Q203 | 9,812 | $564,387 | 0.03% |
| 94 | CHIPOTLE MEXICAN GRILL INC | CMG | 14,399 | $564,297 | 0.03% |
| 95 | SPDR GOLD TR | GLD | 1,583 | $562,710 | 0.03% |
| 96 | ISHARES TR | 46434V878 | 11,079 | $562,270 | 0.03% |
| 97 | PROCTER AND GAMBLE CO | 742718109 | 3,485 | $535,405 | 0.03% |
| 98 | VISA INC | V | 1,554 | $530,622 | 0.03% |
| 99 | OPENDOOR TECHNOLOGIES INC | OPENZ | 65,253 | $520,067 | 0.03% |
| 100 | VANGUARD TAX-MANAGED FDS | 921943858 | 7,832 | $469,310 | 0.03% |
| 101 | ELI LILLY & CO | LLY | 614 | $468,784 | 0.03% |
| 102 | PEPSICO INC | PEP | 3,306 | $464,239 | 0.03% |
| 103 | VANGUARD WORLD FD | 92204A702 | 622 | $464,231 | 0.03% |
| 104 | MASTERCARD INCORPORATED | MA | 808 | $459,564 | 0.02% |
| 105 | ALLSTATE CORP | ALL-PJ | 2,124 | $455,964 | 0.02% |
| 106 | ORACLE CORP | ORCL-PD | 1,593 | $448,016 | 0.02% |
| 107 | ABBOTT LABS | ABLZF | 3,333 | $446,421 | 0.02% |
| 108 | SCHWAB STRATEGIC TR | 808524201 | 16,907 | $445,322 | 0.02% |
| 109 | BYLINE BANCORP INC | BY | 15,871 | $440,103 | 0.02% |
| 110 | AMGEN INC | AMGN | 1,496 | $422,103 | 0.02% |
| 111 | WORLD GOLD TR | GLDW | 5,467 | $417,953 | 0.02% |
| 112 | ISHARES TR | 464287804 | 3,478 | $413,291 | 0.02% |
| 113 | VERIZON COMMUNICATIONS INC | VZ | 9,098 | $399,863 | 0.02% |
| 114 | HUNTINGTON BANCSHARES INC | HBANP | 22,440 | $387,539 | 0.02% |
| 115 | COLGATE PALMOLIVE CO | CL | 4,846 | $387,390 | 0.02% |
| 116 | PORTILLOS INC | 73642K106 | 58,745 | $378,906 | 0.02% |
| 117 | VANGUARD INDEX FDS | 922908744 | 2,027 | $378,062 | 0.02% |
| 118 | VANGUARD INTL EQUITY INDEX F | 922042775 | 5,177 | $369,518 | 0.02% |
| 119 | AT&T INC | T-PC | 13,067 | $369,013 | 0.02% |
| 120 | MARATHON PETE CORP | MARA | 1,904 | $366,977 | 0.02% |
| 121 | MCDONALDS CORP | MCD | 1,200 | $364,668 | 0.02% |
| 122 | ELASTIC N V | ESTC | 4,310 | $364,152 | 0.02% |
| 123 | GE VERNOVA INC | GEV | 591 | $363,407 | 0.02% |
| 124 | ISHARES BITCOIN TRUST ETF | IBIT | 5,485 | $356,525 | 0.02% |
| 125 | CISCO SYS INC | CSCO | 5,171 | $353,803 | 0.02% |
| 126 | LYFT INC | LYFT | 16,069 | $353,679 | 0.02% |
| 127 | LOCKHEED MARTIN CORP | LMT | 701 | $349,730 | 0.02% |
| 128 | ROBINHOOD MKTS INC | 770700102 | 2,400 | $343,632 | 0.02% |
| 129 | ARCHER DANIELS MIDLAND CO | ADM | 5,732 | $342,412 | 0.02% |
| 130 | ISHARES TR | 46435U713 | 6,482 | $342,374 | 0.02% |
| 131 | BOEING CO | BA-PA | 1,570 | $338,854 | 0.02% |
| 132 | FORD MTR CO | 345370860 | 27,629 | $330,440 | 0.02% |
| 133 | ADVANCED MICRO DEVICES INC | AMD | 2,039 | $329,890 | 0.02% |
| 134 | DISNEY WALT CO | 254687106 | 2,802 | $320,872 | 0.02% |
| 135 | CONSTELLATION ENERGY CORP | CEG | 974 | $320,643 | 0.02% |
| 136 | LAM RESEARCH CORP | LRCX | 2,383 | $319,134 | 0.02% |
| 137 | CARMAX INC | KMX | 7,000 | $314,090 | 0.02% |
| 138 | WINTRUST FINL CORP | 97650W108 | 2,299 | $304,480 | 0.02% |
| 139 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,082 | $302,192 | 0.02% |
| 140 | RYANAIR HOLDINGS PLC | RYAOF | 5,000 | $301,100 | 0.02% |
| 141 | WELLS FARGO CO NEW | 949746101 | 3,313 | $277,716 | 0.02% |
| 142 | UNITEDHEALTH GROUP INC | UNH | 800 | $276,240 | 0.01% |
| 143 | GODADDY INC | GDDY | 2,000 | $273,660 | 0.01% |
| 144 | SPDR SERIES TRUST | 78468R663 | 2,966 | $272,131 | 0.01% |
| 145 | CSX CORP | CSX | 7,614 | $270,374 | 0.01% |
| 146 | PALO ALTO NETWORKS INC | PANW | 1,311 | $266,946 | 0.01% |
| 147 | VANGUARD SCOTTSDALE FDS | 92206C565 | 3,809 | $265,375 | 0.01% |
| 148 | FAIR ISAAC CORP | FICO | 174 | $260,397 | 0.01% |
| 149 | INVESCO EXCH TRADED FD TR II | IVZ | 11,233 | $259,370 | 0.01% |
| 150 | VANGUARD INDEX FDS | 922908736 | 535 | $256,694 | 0.01% |
| 151 | UNITED PARCEL SERVICE INC | UPS | 3,037 | $253,681 | 0.01% |
| 152 | DELL TECHNOLOGIES INC | DELL | 1,754 | $248,729 | 0.01% |
| 153 | PFIZER INC | PFE | 9,449 | $240,762 | 0.01% |
| 154 | SCHWAB STRATEGIC TR | 808524805 | 10,286 | $239,451 | 0.01% |
| 155 | LOWES COS INC | 548661107 | 949 | $238,547 | 0.01% |
| 156 | BANK AMERICA CORP | 060505104 | 4,608 | $237,727 | 0.01% |
| 157 | ISHARES TR | 464288521 | 4,043 | $237,430 | 0.01% |
| 158 | CHOICEONE FINL SVCS INC | 170386106 | 8,100 | $234,576 | 0.01% |
| 159 | SELECT SECTOR SPDR TR | 81369Y704 | 1,518 | $234,135 | 0.01% |
| 160 | ISHARES TR | 464287507 | 3,514 | $229,341 | 0.01% |
| 161 | ISHARES TR | 464287721 | 1,158 | $226,817 | 0.01% |
| 162 | ARISTA NETWORKS INC | ANET | 1,556 | $226,725 | 0.01% |
| 163 | HONEYWELL INTL INC | 438516106 | 1,070 | $225,334 | 0.01% |
| 164 | SELECT SECTOR SPDR TR | 81369Y308 | 2,870 | $224,921 | 0.01% |
| 165 | UNITED RENTALS INC | URI | 232 | $221,777 | 0.01% |
| 166 | ISHARES S&P GSCI COMMODITY- | ISMCF | 9,600 | $220,512 | 0.01% |
| 167 | ISHARES TR | 464287309 | 1,756 | $211,928 | 0.01% |
| 168 | UBER TECHNOLOGIES INC | UBER | 2,139 | $209,558 | 0.01% |
| 169 | SELECT SECTOR SPDR TR | 81369Y209 | 1,477 | $205,588 | 0.01% |
| 170 | ISHARES TR | 464288513 | 2,510 | $203,772 | 0.01% |
| 171 | MICRON TECHNOLOGY INC | MU | 1,196 | $200,064 | 0.01% |
| 172 | GRUPO TELEVISA S A B | GRPFF | 50,000 | $134,500 | 0.01% |
| 173 | AMBEV SA | ABEV | 50,000 | $111,500 | 0.01% |
| 174 | VINCI COMPASS INVESTMENTS LT | VINP | 10,000 | $107,500 | 0.01% |
| 175 | NEOGENOMICS INC | NEO | 10,000 | $77,200 | 0.00% |
| 176 | FIGS INC | FIGS | 10,000 | $66,900 | 0.00% |
| 177 | THE ONE GROUP HOSPITALITY IN | 88338K103 | 20,000 | $59,200 | 0.00% |
| 178 | LOANDEPOT INC | LDI | 15,000 | $46,050 | 0.00% |
| 179 | B & G FOODS INC NEW | BGS | 10,000 | $44,300 | 0.00% |
| 180 | KRISPY KREME INC | DNUT | 10,000 | $38,700 | 0.00% |
| 181 | GERDAU SA | GGB | 10,000 | $31,000 | 0.00% |
| 182 | NOODLES & CO | NDLS | 25,000 | $15,890 | 0.00% |
| 183 | LINKERS INDS LTD | G5496W102 | 30,000 | $13,938 | 0.00% |
| 184 | ORIENTAL RISE HLDGS LTD | ORIS | 20,000 | $3,744 | 0.00% |