Institutional Manager · CIK 0001966087
Kapstone Financial Advisors LLC
LEBANON, OH · File #028-23110
Latest AUM
$201.2M
Positions
133
Top-10 Concentration
63.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | STRATEGY INC | STRK | -55,072 | -$8.4M | -$12.3M |
| NEW | ISHARES BITCOIN TRUST ETF | IBIT | +40,965 | +$2.0M | $0 |
| ADD | ISHARES TR | 464287200 | +1,349 | +$923,978 | +$887,842 |
| NEW | FIDELITY WISE ORIGIN BITCOIN | FBTC | +11,435 | +$871,690 | $0 |
| ADD | UBER TECHNOLOGIES INC | UBER | +6,339 | +$517,960 | -$132,406 |
| NEW | SPDR GOLD TR | GLD | +1,143 | +$452,982 | $0 |
| EXITED | TIDAL TRUST II | 88634T493 | -31,047 | -$433,416 | $0 |
| EXITED | NEBIUS GROUP N.V. | N97284108 | -2,777 | -$311,774 | $0 |
| REDUCE | APPLE INC | AAPL | -1,099 | -$298,775 | +$1.5M |
| NEW | CITIGROUP INC | C-PR | +2,505 | +$292,308 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025133 pos · $201.2M
- 13F HOLDINGS REPORTQ/E Sep 2025122 pos · $212.3M
- 13F HOLDINGS REPORTQ/E Jun 2025120 pos · $200.5M
- 13F HOLDINGS REPORTQ/E Mar 2025112 pos · $176.8M
- 13F HOLDINGS REPORTQ/E Dec 2024114 pos · $187.4M
- 13F HOLDINGS REPORTQ/E Sep 2024108 pos · $165.0M
- 13F HOLDINGS REPORTQ/E Jun 2024108 pos · $152.5M
- 13F HOLDINGS REPORTQ/E Mar 2024102 pos · $146.9M
- 13F HOLDINGS REPORTQ/E Dec 202391 pos · $111.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 58,139 | $39.8M | 22.63% |
| 2 | APPLE INC | AAPL | 83,423 | $22.7M | 12.89% |
| 3 | ISHARES TR | 46429B663 | 99,257 | $12.1M | 6.86% |
| 4 | PALANTIR TECHNOLOGIES INC | PLTR | 39,300 | $7.0M | 3.97% |
| 5 | META PLATFORMS INC | META | 8,478 | $5.6M | 3.18% |
| 6 | ISHARES TR | 464287309 | 45,327 | $5.6M | 3.17% |
| 7 | MICROSOFT CORP | MSFT | 10,754 | $5.2M | 2.96% |
| 8 | ALPHABET INC | GOOG | 15,967 | $5.0M | 2.84% |
| 9 | PROCTER AND GAMBLE CO | 742718109 | 30,583 | $4.4M | 2.49% |
| 10 | INVESCO QQQ TR | IVZ | 7,064 | $4.3M | 2.47% |
| 11 | VANGUARD WHITEHALL FDS | 921946406 | 29,395 | $4.2M | 2.40% |
| 12 | NVIDIA CORPORATION | NVDA | 19,664 | $3.7M | 2.08% |
| 13 | ISHARES TR | 464287614 | 7,366 | $3.5M | 1.98% |
| 14 | ABBVIE INC | ABBV | 13,743 | $3.1M | 1.78% |
| 15 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,964 | $3.0M | 1.70% |
| 16 | ALPHABET INC | GOOG | 9,517 | $3.0M | 1.70% |
| 17 | ISHARES TR | 464287168 | 20,794 | $2.9M | 1.67% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 8,864 | $2.9M | 1.62% |
| 19 | STRATEGY INC | STRK | 16,934 | $2.6M | 1.46% |
| 20 | PHILIP MORRIS INTL INC | 718172109 | 13,861 | $2.2M | 1.26% |