13F HOLDINGS REPORT
Kapstone Financial Advisors LLC
Quarter ended Q3 2025 · Filed November 7, 2025 · Accession 0001951757-25-001323
Total Value
$212.3M
Positions
122
Other Managers
0
Confidential Omitted
No
Holdings (122)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 56,790 | $38.0M | 17.90% |
| 2 | STRATEGY INC | STRK | 72,006 | $23.2M | 10.93% |
| 3 | APPLE INC | AAPL | 84,522 | $21.5M | 10.14% |
| 4 | ISHARES TR | 46429B663 | 100,730 | $12.3M | 5.81% |
| 5 | PALANTIR TECHNOLOGIES INC | PLTR | 40,286 | $7.3M | 3.46% |
| 6 | META PLATFORMS INC | META | 8,418 | $6.2M | 2.91% |
| 7 | MICROSOFT CORP | MSFT | 10,479 | $5.4M | 2.56% |
| 8 | ISHARES TR | 464287309 | 44,303 | $5.3M | 2.52% |
| 9 | PROCTER AND GAMBLE CO | 742718109 | 31,178 | $4.8M | 2.26% |
| 10 | VANGUARD WHITEHALL FDS | 921946406 | 30,421 | $4.3M | 2.02% |
| 11 | INVESCO QQQ TR | IVZ | 6,957 | $4.2M | 1.97% |
| 12 | ALPHABET INC | GOOG | 15,927 | $3.9M | 1.82% |
| 13 | NVIDIA CORPORATION | NVDA | 20,135 | $3.8M | 1.77% |
| 14 | ISHARES TR | 464287614 | 7,369 | $3.5M | 1.63% |
| 15 | ABBVIE INC | ABBV | 13,742 | $3.2M | 1.50% |
| 16 | ISHARES TR | 464287168 | 22,014 | $3.1M | 1.47% |
| 17 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,729 | $2.9M | 1.36% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 8,930 | $2.8M | 1.33% |
| 19 | ALPHABET INC | GOOG | 9,533 | $2.3M | 1.09% |
| 20 | PHILIP MORRIS INTL INC | 718172109 | 14,000 | $2.3M | 1.07% |
| 21 | FIRST TR EXCHANGE-TRADED FD | 33733E104 | 21,253 | $2.0M | 0.94% |
| 22 | AMAZON COM INC | AMZN | 8,581 | $1.9M | 0.89% |
| 23 | ISHARES TR | 46434V621 | 23,612 | $1.6M | 0.76% |
| 24 | FIRST TR EXCHANGE-TRADED FD | 33733E823 | 41,690 | $1.5M | 0.71% |
| 25 | SPDR S&P 500 ETF TR | SPY | 2,078 | $1.4M | 0.65% |
| 26 | JOHNSON & JOHNSON | JNJ | 7,247 | $1.3M | 0.63% |
| 27 | LCNB CORP | LCNB | 88,936 | $1.3M | 0.63% |
| 28 | EXXON MOBIL CORP | XOM | 10,706 | $1.2M | 0.57% |
| 29 | CISCO SYS INC | CSCO | 15,541 | $1.1M | 0.50% |
| 30 | VISA INC | V | 3,019 | $1.0M | 0.49% |
| 31 | MARATHON PETE CORP | MARA | 5,240 | $1.0M | 0.48% |
| 32 | ALTRIA GROUP INC | MO | 15,275 | $1.0M | 0.48% |
| 33 | COSTCO WHSL CORP NEW | 22160K105 | 1,086 | $1.0M | 0.47% |
| 34 | FIRST TR EXCHANGE TRADED FD | 33738R506 | 14,591 | $981,391 | 0.46% |
| 35 | PAYCHEX INC | PAYX | 7,505 | $951,334 | 0.45% |
| 36 | DUKE ENERGY CORP NEW | DUKB | 6,892 | $852,885 | 0.40% |
| 37 | CARDINAL HEALTH INC | CAH | 5,401 | $847,746 | 0.40% |
| 38 | MARTIN MARIETTA MATLS INC | 573284106 | 1,292 | $814,322 | 0.38% |
| 39 | UBER TECHNOLOGIES INC | UBER | 8,143 | $797,770 | 0.38% |
| 40 | VULCAN MATLS CO | 929160109 | 2,525 | $776,740 | 0.37% |
| 41 | INVESCO EXCHANGE TRADED FD T | IVZ | 17,280 | $770,342 | 0.36% |
| 42 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,200 | 0.36% |
| 43 | MERCK & CO INC | MRK | 8,455 | $709,628 | 0.33% |
| 44 | HOME DEPOT INC | HD | 1,734 | $702,599 | 0.33% |
| 45 | AXON ENTERPRISE INC | AXON | 969 | $695,393 | 0.33% |
| 46 | HUNTINGTON BANCSHARES INC | HBANP | 40,122 | $692,907 | 0.33% |
| 47 | ANALOG DEVICES INC | ADI | 2,734 | $671,744 | 0.32% |
| 48 | CSX CORP | CSX | 18,778 | $666,807 | 0.31% |
| 49 | FORD MTR CO | 345370860 | 50,566 | $604,769 | 0.28% |
| 50 | BANK AMERICA CORP | 060505104 | 11,547 | $595,710 | 0.28% |
| 51 | CHEVRON CORP NEW | CVX | 3,662 | $568,672 | 0.27% |
| 52 | LOCKHEED MARTIN CORP | LMT | 1,126 | $562,110 | 0.26% |
| 53 | INTUITIVE SURGICAL INC | ISRG | 1,248 | $558,143 | 0.26% |
| 54 | SOUTHERN CO | SOMN | 5,663 | $536,683 | 0.25% |
| 55 | IRON MTN INC DEL | 46284V101 | 5,195 | $529,578 | 0.25% |
| 56 | CUMMINS INC | CMI | 1,222 | $515,937 | 0.24% |
| 57 | SPDR SERIES TRUST | 78464A763 | 3,663 | $513,003 | 0.24% |
| 58 | COCA COLA CO | KO | 7,612 | $504,840 | 0.24% |
| 59 | D R HORTON INC | 23331A109 | 2,771 | $469,601 | 0.22% |
| 60 | MICRON TECHNOLOGY INC | MU | 2,628 | $439,717 | 0.21% |
| 61 | TIDAL TRUST II | 88634T493 | 31,047 | $433,416 | 0.20% |
| 62 | AMERICAN EXPRESS CO | AXP | 1,304 | $433,137 | 0.20% |
| 63 | PROGRESSIVE CORP | 743315103 | 1,632 | $403,022 | 0.19% |
| 64 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 869 | $402,990 | 0.19% |
| 65 | CINCINNATI FINL CORP | 172062101 | 2,539 | $401,376 | 0.19% |
| 66 | SELECT SECTOR SPDR TR | 81369Y506 | 4,455 | $398,010 | 0.19% |
| 67 | COREWEAVE INC | CRWV | 2,867 | $392,349 | 0.18% |
| 68 | MASTERCARD INCORPORATED | MA | 683 | $388,497 | 0.18% |
| 69 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,133 | $366,095 | 0.17% |
| 70 | NOVARTIS AG | NVSEF | 2,695 | $345,607 | 0.16% |
| 71 | FIRST TR EXCHANGE-TRADED FD | 337345102 | 1,463 | $335,919 | 0.16% |
| 72 | KROGER CO | KR | 4,983 | $335,904 | 0.16% |
| 73 | PROSHARES TR | 74348A467 | 3,169 | $326,629 | 0.15% |
| 74 | NEBIUS GROUP N.V. | NBIS | 2,777 | $311,774 | 0.15% |
| 75 | MCDONALDS CORP | MCD | 1,018 | $309,360 | 0.15% |
| 76 | FIRST TR EXCHANGE-TRADED FD | 336920103 | 1,848 | $307,064 | 0.14% |
| 77 | ISHARES TR | 464287622 | 810 | $296,039 | 0.14% |
| 78 | BOEING CO | BA-PA | 1,367 | $295,040 | 0.14% |
| 79 | WISDOMTREE TR | WT | 3,500 | $294,000 | 0.14% |
| 80 | VERIZON COMMUNICATIONS INC | VZ | 6,677 | $293,454 | 0.14% |
| 81 | LOWES COS INC | 548661107 | 1,160 | $291,520 | 0.14% |
| 82 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 6,375 | $287,529 | 0.14% |
| 83 | ORACLE CORP | ORCL-PD | 1,018 | $286,302 | 0.13% |
| 84 | ISHARES TR | 464287408 | 1,378 | $284,483 | 0.13% |
| 85 | VANGUARD INDEX FDS | 922908769 | 845 | $277,304 | 0.13% |
| 86 | BLACKSTONE INC | BX | 1,615 | $275,923 | 0.13% |
| 87 | MCKESSON CORP | MCK | 353 | $272,707 | 0.13% |
| 88 | SELECT SECTOR SPDR TR | 81369Y605 | 5,055 | $272,313 | 0.13% |
| 89 | FEDEX CORP | FDX | 1,149 | $270,946 | 0.13% |
| 90 | FIFTH THIRD BANCORP | FITBM | 6,068 | $270,329 | 0.13% |
| 91 | J P MORGAN EXCHANGE TRADED F | 46654Q203 | 4,687 | $269,596 | 0.13% |
| 92 | COHEN & STEERS CLOSED-END OP | 19248P106 | 20,620 | $268,885 | 0.13% |
| 93 | GLOBAL X FDS | 37954Y483 | 15,722 | $267,431 | 0.13% |
| 94 | ABRDN GLOBAL DYNAMIC DIVIDEN | AGD | 19,750 | $263,070 | 0.12% |
| 95 | DISNEY WALT CO | 254687106 | 2,258 | $258,541 | 0.12% |
| 96 | KIMBERLY-CLARK CORP | KMB | 2,071 | $257,508 | 0.12% |
| 97 | DELTA AIR LINES INC DEL | DAL | 4,375 | $248,281 | 0.12% |
| 98 | BLACKROCK ENHANCED EQUITY DI | BLK | 27,161 | $247,437 | 0.12% |
| 99 | ARM HOLDINGS PLC | 042068205 | 1,743 | $246,617 | 0.12% |
| 100 | DOCUSIGN INC | DOCU | 3,315 | $238,978 | 0.11% |
| 101 | ISHARES TR | 46432F842 | 2,721 | $237,571 | 0.11% |
| 102 | WALMART INC | WMT | 2,264 | $233,328 | 0.11% |
| 103 | UNION PAC CORP | UNP | 930 | $219,824 | 0.10% |
| 104 | T-MOBILE US INC | TMUSZ | 917 | $219,511 | 0.10% |
| 105 | ABRDN LIFE SCIENCES INVESTOR | HQL | 13,989 | $216,969 | 0.10% |
| 106 | ISHARES TR | 464287804 | 1,825 | $216,865 | 0.10% |
| 107 | WELLS FARGO CO NEW | 949746101 | 2,557 | $214,328 | 0.10% |
| 108 | CONSOLIDATED EDISON INC | ED | 2,111 | $212,198 | 0.10% |
| 109 | SPDR S&P MIDCAP 400 ETF TR | MDY | 352 | $209,803 | 0.10% |
| 110 | NUVEEN DOW 30 DYNMC OVERWRT | NU | 14,065 | $209,428 | 0.10% |
| 111 | SPDR SERIES TRUST | 78464A854 | 2,610 | $204,467 | 0.10% |
| 112 | S&P GLOBAL INC | SPGI | 416 | $202,471 | 0.10% |
| 113 | ISHARES TR | 46432F396 | 785 | $201,313 | 0.09% |
| 114 | ABRDN WORLD HEALTHCARE FUND | THW | 15,370 | $193,662 | 0.09% |
| 115 | CONAGRA BRANDS INC | CAG | 10,184 | $186,469 | 0.09% |
| 116 | EATON VANCE TAX-MANAGED DIVE | ETN | 11,266 | $179,129 | 0.08% |
| 117 | GUGGENHEIM STRATEGIC OPPORTU | GOF | 11,070 | $165,829 | 0.08% |
| 118 | EATON VANCE TAX-MANAGED BUY- | ETN | 11,185 | $159,386 | 0.08% |
| 119 | GABELLI EQUITY TR INC | GAB-PK | 24,380 | $148,474 | 0.07% |
| 120 | LIBERTY ALL STAR EQUITY FD | 530158104 | 18,500 | $117,290 | 0.06% |
| 121 | LIBERTY ALL-STAR GROWTH FD I | 529900102 | 18,763 | $104,135 | 0.05% |
| 122 | NET POWER INC | NPWR-WT | 17,395 | $52,359 | 0.02% |