# Capstone Financial Advisors, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1599217. Source: https://holderbook.com/funds/1599217-capstone-financial-advisors-inc/

- Reported value: $2.1B
- Positions: 191
- Weight of the ten largest: 74.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $365.9M | 988,799 | 17.8% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $261.1M | 637,495 | 12.7% | 26 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $245.9M | 5,543,948 | 12.0% | 21 |
| FLEXSHARES TR | [NFRA](https://holderbook.com/stocks/NFRA/) | $150.7M | 2,350,358 | 7.3% | 21 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $134.5M | 1,832,708 | 6.6% | 31 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $98.6M | 1,153,621 | 4.8% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $87.0M | 911,328 | 4.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $75.3M | 2,043,404 | 3.7% | 20 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $56.8M | 457,245 | 2.8% | 31 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $54.5M | 1,124,674 | 2.7% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $52.5M | 193,183 | 2.6% | 31 |
| FLEXSHARES TR | [TLTD](https://holderbook.com/stocks/TLTD/) | $44.8M | 457,172 | 2.2% | 31 |
| FLEXSHARES TR | [TILT](https://holderbook.com/stocks/TILT/) | $43.7M | 158,287 | 2.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $40.1M | 138,711 | 2.0% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $36.4M | 221,301 | 1.8% | 31 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $23.5M | 851,372 | 1.1% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.9M | 63,735 | 1.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $20.5M | 102,613 | 1.0% | 22 |
| AMERICAN CENTY ETF TR | [AVRE](https://holderbook.com/stocks/AVRE/) | $14.8M | 311,435 | 0.7% | 11 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $10.5M | 14,956 | 0.5% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.4M | 34,638 | 0.5% | 25 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $9.1M | 38,484 | 0.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.9M | 37,326 | 0.4% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $8.6M | 87,126 | 0.4% | 19 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $7.7M | 22,634 | 0.4% | 17 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $7.5M | 112,150 | 0.4% | 15 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $6.5M | 129,470 | 0.3% | 31 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $6.4M | 126,254 | 0.3% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.2M | 16,590 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $5.9M | 48,931 | 0.3% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $5.2M | 7 | 0.3% | 6 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $4.0M | 18,134 | 0.2% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.8M | 3,287 | 0.2% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.8M | 4,029 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $3.5M | 67,306 | 0.2% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.4M | 9,595 | 0.2% | 22 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.1M | 17,039 | 0.2% | 31 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $3.1M | 63,134 | 0.2% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.0M | 4,079 | 0.1% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.0M | 29,174 | 0.1% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.9M | 2,693 | 0.1% | 31 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $2.8M | 11,425 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $2.6M | 63,544 | 0.1% | 18 |
| TRI CONTL CORP | [TY](https://holderbook.com/stocks/TY/) | $2.6M | 75,513 | 0.1% | 21 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.5M | 3,389 | 0.1% | 25 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.5M | 5,710 | 0.1% | 7 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.3M | 5,470 | 0.1% | 23 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.2M | 3,764 | 0.1% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.0M | 2,804 | 0.1% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.0M | 17,435 | 0.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.9M | 3,345 | 0.1% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.9M | 13,458 | 0.1% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 13,375 | 0.1% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.7M | 15,448 | 0.1% | 17 |
| ALASKA AIR GROUP INC | [ALK](https://holderbook.com/stocks/ALK/) | $1.6M | 30,206 | 0.1% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.5M | 18,361 | 0.1% | 26 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.5M | 5,283 | 0.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 2,953 | 0.1% | 31 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.4M | 23,571 | 0.1% | 3 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $1.4M | 180,286 | 0.1% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 5,148 | 0.1% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.3M | 1,642 | 0.1% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $1.2M | 24,448 | 0.1% | 25 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $1.2M | 31,667 | 0.1% | 15 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $1.1M | 4,158 | 0.1% | 28 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $1.1M | 43,424 | 0.1% | 24 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $1.1M | 17,935 | 0.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.1M | 8,309 | 0.1% | 31 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $1.0M | 4,983 | 0.1% | 22 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.0M | 1,473 | 0.0% | 21 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $1.0M | 2,363 | 0.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $986.6K | 1,317 | 0.0% | 25 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $984.8K | 3,914 | 0.0% | 25 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $980.7K | 17,398 | 0.0% | 30 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $879.0K | 2,488 | 0.0% | 13 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $865.9K | 2,007 | 0.0% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $857.7K | 715 | 0.0% | 13 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $851.6K | 626 | 0.0% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $845.5K | 720 | 0.0% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $832.4K | 14,739 | 0.0% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $800.0K | 2,268 | 0.0% | 22 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $794.0K | 18,389 | 0.0% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $786.4K | 2,104 | 0.0% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $763.8K | 1,816 | 0.0% | 25 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $746.9K | 2,476 | 0.0% | 1 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $728.3K | 20,928 | 0.0% | 22 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $727.4K | 5,500 | 0.0% | 23 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $662.6K | 22,880 | 0.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $654.6K | 1,733 | 0.0% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $645.0K | 3,891 | 0.0% | 21 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $644.3K | 11,182 | 0.0% | 27 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $630.1K | 5,401 | 0.0% | 17 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $629.8K | 5,116 | 0.0% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $627.7K | 1,704 | 0.0% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $615.9K | 1,821 | 0.0% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $615.3K | 5,238 | 0.0% | 8 |
| BYLINE BANCORP INC | [BY](https://holderbook.com/stocks/BY/) | $604.1K | 16,040 | 0.0% | 24 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $599.1K | 5,012 | 0.0% | 14 |
| WISDOMTREE TR | [AGGY](https://holderbook.com/stocks/AGGY/) | $562.0K | 12,925 | 0.0% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $557.8K | 1,168 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | -1.6% | -4.6% | +3.0% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +7.8% | +10.5% | -2.6% | 100% |
| Q1 2025 | -1.5% | -4.6% | +3.1% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.4% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 191 |
| Q1 2026 | $1.9B | 185 |
| Q4 2025 | $1.9B | 184 |
| Q3 2025 | $1.8B | 182 |
| Q2 2025 | $1.7B | 176 |
| Q1 2025 | $1.6B | 156 |
| Q4 2024 | $1.6B | 155 |
| Q3 2024 | $1.6B | 157 |
| Q2 2024 | $1.5B | 157 |
| Q1 2024 | $1.5B | 150 |
| Q4 2023 | $1.4B | 151 |
| Q3 2023 | $1.3B | 146 |