13F HOLDINGS REPORT

Kapstone Financial Advisors LLC

Quarter ended Q4 2024 · Filed February 6, 2025 · Accession 0001951757-25-000186

Total Value

$187.4M

Positions

114

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (114)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	48,094	$29.1M	15.52%
2	MICROSTRATEGY INC	STRK	70,452	$24.0M	12.83%
3	APPLE INC	AAPL	90,130	$21.6M	11.51%
4	ISHARES TR	46429B663	103,228	$11.8M	6.30%
5	META PLATFORMS INC	META	9,123	$6.2M	3.29%
6	PROCTER AND GAMBLE CO	742718109	31,412	$5.2M	2.79%
7	MICROSOFT CORP	MSFT	9,754	$4.3M	2.30%
8	VANGUARD WHITEHALL FDS	921946406	31,812	$4.2M	2.24%
9	ISHARES TR	464287309	34,843	$3.6M	1.93%
10	ALPHABET INC	GOOG	16,919	$3.3M	1.76%
11	ISHARES TR	464287614	7,418	$3.0M	1.62%
12	ISHARES TR	464287168	22,181	$3.0M	1.59%
13	PALANTIR TECHNOLOGIES INC	PLTR	36,842	$2.9M	1.57%
14	INVESCO QQQ TR	IVZ	4,996	$2.6M	1.39%
15	JPMORGAN CHASE & CO.	VYLD	9,423	$2.5M	1.34%
16	ABBVIE INC	ABBV	14,089	$2.5M	1.32%
17	NVIDIA CORPORATION	NVDA	19,317	$2.4M	1.27%
18	BERKSHIRE HATHAWAY INC DEL	BRK-A	4,941	$2.3M	1.24%
19	FIRST TR EXCHANGE-TRADED FD	33733E104	20,829	$1.9M	1.00%
20	ALPHABET INC	GOOG	9,400	$1.9M	0.99%
21	AMAZON COM INC	AMZN	7,529	$1.8M	0.95%
22	ISHARES TR	46434V621	25,254	$1.6M	0.85%
23	CONSTELLATION ENERGY CORP	CEG	5,238	$1.5M	0.82%
24	FIRST TR EXCHANGE-TRADED FD	33733E823	46,525	$1.5M	0.81%
25	LCNB CORP	LCNB	86,907	$1.3M	0.71%
26	EXXON MOBIL CORP	XOM	11,530	$1.3M	0.67%
27	SPDR S&P 500 ETF TR	SPY	1,926	$1.2M	0.62%
28	JOHNSON & JOHNSON	JNJ	7,568	$1.1M	0.61%
29	PAYCHEX INC	PAYX	7,505	$1.1M	0.59%
30	MARATHON PETE CORP	MARA	7,266	$1.1M	0.59%
31	COSTCO WHSL CORP NEW	22160K105	1,086	$1.0M	0.56%
32	PHILIP MORRIS INTL INC	718172109	7,640	$990,007	0.53%
33	VISA INC	V	2,897	$973,103	0.52%
34	CISCO SYS INC	CSCO	15,841	$943,332	0.50%
35	MERCK & CO INC	MRK	9,463	$930,024	0.50%
36	SALESFORCE INC	CRM	2,408	$852,432	0.45%
37	TESLA INC	TSLA	2,174	$845,903	0.45%
38	FIRST TR EXCHANGE-TRADED FD	33738R506	13,154	$825,019	0.44%
39	VULCAN MATLS CO	929160109	2,700	$734,940	0.39%
40	SELECT SECTOR SPDR TR	81369Y506	8,117	$728,095	0.39%
41	HOME DEPOT INC	HD	1,741	$719,764	0.38%
42	MARTIN MARIETTA MATLS INC	573284106	1,315	$709,890	0.38%
43	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$704,680	0.38%
44	DUKE ENERGY CORP NEW	DUKB	6,358	$703,322	0.38%
45	ALTRIA GROUP INC	MO	13,283	$699,480	0.37%
46	HUNTINGTON BANCSHARES INC	HBANP	40,122	$688,895	0.37%
47	INVESCO EXCHANGE TRADED FD T	IVZ	17,280	$661,651	0.35%
48	LOCKHEED MARTIN CORP	LMT	1,441	$654,733	0.35%
49	INTUITIVE SURGICAL INC	ISRG	1,122	$642,581	0.34%
50	CSX CORP	CSX	18,778	$619,298	0.33%
51	CARDINAL HEALTH INC	CAH	4,806	$614,019	0.33%
52	BRISTOL-MYERS SQUIBB CO	CELG-RI	9,991	$589,990	0.31%
53	CHEVRON CORP NEW	CVX	3,781	$588,664	0.31%
54	IRON MTN INC DEL	46284V101	5,792	$582,733	0.31%
55	ANALOG DEVICES INC	ADI	2,734	$573,894	0.31%
56	ELEVANCE HEALTH INC	ELV	1,379	$552,014	0.29%
57	BANK AMERICA CORP	060505104	11,668	$545,479	0.29%
58	INVESCO EXCHANGE TRADED FD T	IVZ	16,010	$499,032	0.27%
59	SPDR SER TR	78464A763	3,663	$490,073	0.26%
60	SOUTHERN CO	SOMN	5,886	$487,537	0.26%
61	COCA COLA CO	KO	7,684	$482,797	0.26%
62	D R HORTON INC	23331A109	3,145	$446,370	0.24%
63	CUMMINS INC	CMI	1,222	$432,445	0.23%
64	DELTA AIR LINES INC DEL	DAL	6,229	$426,250	0.23%
65	AXON ENTERPRISE INC	AXON	663	$424,300	0.23%
66	AMERICAN EXPRESS CO	AXP	1,227	$386,812	0.21%
67	PROSHARES TR	74348A467	3,755	$383,123	0.20%
68	PROGRESSIVE CORP	743315103	1,550	$381,920	0.20%
69	CINCINNATI FINL CORP	172062101	2,539	$351,032	0.19%
70	KROGER CO	KR	5,699	$347,981	0.19%
71	MASTERCARD INCORPORATED	MA	607	$333,122	0.18%
72	KIMBERLY-CLARK CORP	KMB	2,502	$324,434	0.17%
73	WALMART INC	WMT	3,297	$321,458	0.17%
74	FEDEX CORP	FDX	1,161	$319,345	0.17%
75	CONAGRA BRANDS INC	CAG	11,934	$309,091	0.16%
76	BOEING CO	BA-PA	1,772	$307,726	0.16%
77	GLOBAL X FDS	37954Y483	16,467	$303,157	0.16%
78	BLACKSTONE INC	BX	1,615	$299,389	0.16%
79	VERIZON COMMUNICATIONS INC	VZ	7,349	$296,018	0.16%
80	DISNEY WALT CO	254687106	2,615	$295,992	0.16%
81	MCDONALDS CORP	MCD	1,018	$295,332	0.16%
82	NOVARTIS AG	NVSEF	2,695	$277,396	0.15%
83	WISDOMTREE TR	WT	3,500	$273,770	0.15%
84	LAMB WESTON HLDGS INC	LW	4,388	$269,906	0.14%
85	LOWES COS INC	548661107	1,030	$269,582	0.14%
86	MICRON TECHNOLOGY INC	MU	3,025	$269,255	0.14%
87	FIFTH THIRD BANCORP	FITBM	6,068	$268,024	0.14%
88	FIRST TR NASDAQ 100 TECH IND	337345102	1,331	$260,876	0.14%
89	ARM HOLDINGS PLC	042068205	1,743	$257,267	0.14%
90	SELECT SECTOR SPDR TR	81369Y605	4,924	$252,503	0.13%
91	VANGUARD INDEX FDS	922908769	845	$252,123	0.13%
92	FORD MTR CO	345370860	24,302	$248,123	0.13%
93	ISHARES TR	464287804	2,085	$246,697	0.13%
94	T-MOBILE US INC	TMUSZ	1,000	$235,150	0.13%
95	ISHARES TR	464287622	700	$232,379	0.12%
96	UNION PAC CORP	UNP	930	$232,082	0.12%
97	J P MORGAN EXCHANGE TRADED F	46654Q203	3,976	$228,103	0.12%
98	ENTERPRISE PRODS PARTNERS L	293792107	6,624	$222,898	0.12%
99	MCKESSON CORP	MCK	368	$221,970	0.12%
100	FIRST TR EXCHANGE-TRADED FD	336920103	1,616	$209,402	0.11%
101	PEPSICO INC	PEP	1,373	$206,458	0.11%
102	ELI LILLY & CO	LLY	252	$202,628	0.11%
103	WELLS FARGO CO NEW	949746101	2,557	$200,392	0.11%
104	ABRDN WORLD HEALTHCARE FUND	THW	16,400	$196,144	0.10%
105	ABRDN LIFE SCIENCES INVESTOR	HQL	13,123	$185,428	0.10%
106	COHEN & STEERS CLOSED-END OP	19248P106	13,650	$169,670	0.09%
107	EATON VANCE TAX-MANAGED DIVE	ETN	10,966	$166,683	0.09%
108	EATON VANCE TAX-MANAGED BUY-	ETN	11,185	$160,393	0.09%
109	BLACKROCK ENHANCED EQUITY DI	BLK	18,161	$158,182	0.08%
110	NET POWER INC	NPWR-WT	17,395	$147,510	0.08%
111	ABRDN GLOBAL DYNAMIC DIVIDEN	AGD	13,150	$132,420	0.07%
112	LIBERTY ALL-STAR GROWTH FD I	529900102	17,632	$100,855	0.05%
113	EATON VANCE TAX-MANAGED GLOB	ETN	10,035	$85,900	0.05%
114	GABELLI EQUITY TR INC	GAB-PK	11,650	$64,541	0.03%