Capstone Financial Advisors, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Capstone Financial Advisors, Inc. reported 150 stock positions worth $1.5 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 15.3% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 13.6%) and Dimensional US Core Equity 2 (DFAC, 11.4%). Compared with Q4 2023, it opened 7 new positions, sold out of 8, added to 70 and reduced 39. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +1%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001599217
Portfolio Value
$1.5B (Q1 2024)
SEC Filing
0001599217-24-000006 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.5B $1.5B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 150 stocks · $1.5B
VTI VG Morningstar TS MKT ETF-US 15.25% 873,189 $226.9M Add +1.0%
IWB iShares Russell 1000 ETF 13.57% 701,251 $202.0M Reduce -0.8%
DFAC Dimensional US Core Equity 2 11.40% 5,307,131 $169.6M Add +0.1%
BND Vanguard Total Bond Market 7.13% 1,460,213 $106.1M Add +4.0%
NFRA NT GLBL BRD Infra ETF 6.38% 1,739,642 $95.0M Add +1.3%
VXUS Vanguard Total Intl Stock 6.05% 1,493,315 $90.0M Add +3.2%
DFAX Dimensional World Ex US Core 4.91% 2,871,232 $73.0M Add +2.0%
IXUS iShares Core Intl Stock ETF 4.74% 1,039,269 $70.5M Add +0.4%
MCD McDonald's Corp. 4.19% 220,900 $62.3M Add +0.2%
BNDX Vanguard Total Intl Bond ETF 3.07% 930,046 $45.7M Add +2.6%
IWF iShares Russell 1000 Growth 2.44% 107,577 $36.3M Add +0.1%
TLTD NT Dev Exus Ftilt ETF 2.42% 501,879 $36.0M Add +0.1%
TILT NT Mstar US Ftilt ETF 2.21% 166,057 $32.9M Reduce -1.0%
AAPL Apple Inc. 1.91% 165,354 $28.4M Reduce -1.0%
REET iShares Global REIT ETF 1.42% 893,173 $21.2M Reduce -2.2%
ITOT iShares Core S&P Total U.S. 1.32% 170,636 $19.7M Reduce -1.5%
JPM JPMorgan Chase & Co. 0.71% 52,959 $10.6M Add +0.2%
AGG iShares Core U.S. Aggregate 0.65% 98,066 $9.6M Reduce -5.3%
MDY State Street SPDR S&P Midcap 0.61% 16,229 $9.0M Reduce -0.4%
VIG Vanguard Dividend Apprec ETF 0.57% 46,430 $8.5M Reduce -3.3%
AMZN Amazon.com Inc. 0.51% 41,707 $7.5M Add +18.4%
IAGG iShares Intl Aggregate Bond 0.49% 147,336 $7.4M Reduce -3.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.42% 6,190 $6.3M Add +534.9%
MSFT Microsoft Corp. 0.41% 14,523 $6.1M Reduce -0.5%
IWM iShares Russell 2000 ETF 0.36% 25,443 $5.4M Reduce -0.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.33% 97,309 $4.9M Add +8.7%
VONE Vanguard Russell 1000 0.32% 20,133 $4.8M Reduce -1.4%
CME Cme Group Inc. 0.29% 20,146 $4.3M Add +0.1%
NVDA Nvidia Corp. 0.29% 4,728 $4.3M Add +14.5%
VTWO Vanguard Russell 2000 ETF 0.28% 48,536 $4.1M Add +0.9%
QCOM Qualcomm Inc. 0.20% 17,858 $3.0M Reduce -0.1%
RWO State Street SPDR Dow Jones 0.19% 65,204 $2.8M Add +0.6%
COST Costco Wholesale Corp. 0.18% 3,755 $2.8M Reduce -2.3%
TY Tri-Continental Corp. 0.16% 75,513 $2.3M No change
WBA Walgreens Boots Alliance Inc. 0.15% 105,937 $2.3M Add +0.2%
MUB iShares National Muni Bond E 0.15% 20,319 $2.2M Reduce -6.7%
ACN Accenture PLC Class A 0.14% 6,139 $2.1M Reduce -13.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.13% 3,695 $1.9M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 4,018 $1.7M Add +0.6%
ETN Eaton Corp. PLC 0.11% 5,400 $1.7M Reduce -1.2%
CI The Cigna Group 0.10% 4,167 $1.5M Add +0.6%
GIS General Mills Inc. 0.10% 21,469 $1.5M Reduce -1.6%
AVRE Avantis Real Estate ETF 0.10% 35,070 $1.5M Add +6.8%
XOM Exxon Mobil Corp. 0.10% 12,618 $1.5M Add +0.3%
JNJ Johnson & Johnson 0.09% 8,773 $1.4M Reduce -0.8%
DFAI Dimensional International Co. 0.09% 44,531 $1.3M Add +7.9%
LW Lamb Weston Holdings Inc. 0.09% 12,385 $1.3M No change
MRK Merck & Co. Inc. 0.09% 9,939 $1.3M Add +7.2%
UL Unilever PLC 0.09% 25,280 $1.3M Add +0.9%
BMY Bristol-Myers Squibb Co. 0.08% 22,138 $1.2M Add +55.8%
DFAU Dimensional US Core Equity M 0.08% 32,716 $1.2M Reduce -0.5%
CBOE Cboe Global Markets Inc. 0.08% 6,409 $1.2M Reduce -2.2%
DRI Darden Restaurants Inc. 0.07% 6,617 $1.1M Reduce -6.4%
KO The Coca-Cola Co. 0.07% 16,948 $1.0M Add +0.2%
CAT Caterpillar Inc. 0.07% 2,824 $1.0M Add +1.3%
QQQ Invesco QQQ Trust Series 1 0.07% 2,283 $1.0M No change
INTC Intel Corp. 0.07% 22,549 $996K Add +0.4%
META Meta Platforms Inc. Class A 0.07% 2,015 $979K Add +18.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 5,061 $966K Add +2.4%
FITB Fifth Third Bancorp 0.06% 24,445 $910K Reduce -3.5%
CMG Chipotle Mexican Grill Inc. 0.06% 307 $892K No change
GOOGL Alphabet Inc. Class A 0.06% 5,845 $882K Reduce -9.3%
VOO Vanguard S&P 500 ETF 0.06% 1,757 $844K Add +4.7%
IGF iShares Global Infrastructur 0.05% 16,952 $807K Add +1.7%
TSLA Tesla Inc. 0.05% 4,500 $791K Add +3.0%
ESGV Vanguard ESG US Stock ETF 0.05% 8,418 $784K Add +0.7%
ADX Adams Diversified Equity 0.05% 38,387 $749K Add +0.1%
ICE Intercontinental Exchange Inc. 0.05% 5,191 $713K Add +0.3%
IWV iShares Russell 3000 ETF 0.05% 2,308 $693K Add +0.3%
ALK Alaska Air Group Inc. 0.05% 15,972 $687K Add +25.9%
ABBV Abbvie Inc. 0.05% 3,691 $672K Reduce -2.3%
IVV iShares Core S&P 500 ETF 0.04% 1,219 $641K Add +12.0%
PEP Pepsico Inc. 0.04% 3,504 $613K Reduce -1.2%
VEU Vanguard Ftse All-World Ex-U 0.04% 10,402 $610K Add +0.1%
VEA Vanguard Ftse Developed ETF 0.04% 11,663 $585K Add +0.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.04% 11,427 $580K Reduce -12.1%
ICSH iShares Ultra Short Duration 0.04% 11,351 $574K Add +0.3%
JEPI JPMorgan Equity Premium Inco 0.04% 9,687 $561K Add +1.9%
DFIC Dimensional International Co. 0.04% 20,750 $555K No change
AMGN Amgen Inc. 0.04% 1,925 $547K Add +2.5%
AGGY Wisdomtree Yield Enhanced US 0.04% 12,394 $538K Add +1.0%
PG The Procter & Gamble Co. 0.03% 3,195 $518K Add +2.6%
CVX Chevron Corp. 0.03% 3,265 $515K Reduce -0.5%
SCHB Schwab US Broad Market ETF 0.03% 8,006 $489K Add +0.1%
LLY Eli Lilly & Co. 0.03% 628 $489K Add +43.0%
BA The Boeing Co. 0.03% 2,357 $455K Reduce -11.3%
ESTC Elastic NV 0.03% 4,481 $449K No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,371 $440K Add +3.8%
KMX Carmax Inc. 0.03% 5,000 $436K No change
DSL Doubleline Income Solutions 0.03% 34,224 $435K No change
CL Colgate-Palmolive Co. 0.03% 4,800 $432K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 3,465 $424K Add +15.3%
UNH Unitedhealth Group Inc. 0.03% 844 $418K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.03% 31,036 $412K Reduce -13.7%
ABT Abbott Laboratories 0.03% 3,589 $408K Reduce -2.2%
MPC Marathon Petroleum Corp. 0.03% 1,937 $390K Add +1.9%
HD Home Depot Inc. 0.03% 1,013 $389K Reduce -14.9%
MA Mastercard Inc. Class A 0.03% 802 $386K No change
DLY Doubleline Yield Opport 0.03% 24,144 $385K No change
ADM Archer-Daniels-Midland Co. 0.02% 5,849 $367K Add +4.7%
ARW Arrow Electronics Inc. 0.02% 2,827 $366K Reduce -4.0%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.02% 15,048 $363K Reduce -2.2%
PTLO Portillo's Inc. Class A 0.02% 25,512 $362K Add +13.3%
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.02% 26,423 $350K No change
BY Byline Bancorp Inc. 0.02% 15,871 $345K No change
IJR iShares Core S&P Small-Cap E 0.02% 3,009 $333K Add +3.8%
GE General Electric 0.02% 1,865 $327K No change
VZ Verizon Communications Inc. 0.02% 7,789 $327K Add +9.2%
YUM Yum! Brands Inc. 0.02% 2,338 $324K No change
VGT Vanguard Info Tech ETF 0.02% 592 $310K Add +0.5%
AMD Advanced Micro Devices 0.02% 1,710 $309K Add +2.6%
RYAAY Ryanair Holdings PLC-SP ADR 0.02% 2,000 $291K No change
GOOG Alphabet Inc. Class C 0.02% 1,895 $289K Add +6.8%
PLTR Palantir Technologies Inc. Class A 0.02% 12,304 $283K Add +9.9%
CSX CSX Corp. 0.02% 7,593 $281K No change
PFE Pfizer Inc. 0.02% 9,986 $277K Reduce -24.9%
NFLX Netflix Inc. 0.02% 449 $273K Add +3.0%
ALL Allstate Corp. 0.02% 1,568 $271K No change
EPD Enterprise Products Partners 0.02% 8,809 $257K Reduce -0.0%
T AT&T Inc. 0.02% 14,329 $252K Reduce -53.8%
IDEV iShares Core MSCI Dev MKTS 0.02% 3,742 $251K Reduce -1.6%
VGLT Vanguard Long-Term Treasury 0.02% 4,167 $247K Reduce -69.5%
V Visa Inc. Class A 0.02% 860 $240K Add +0.1%
FICO Fair Isaac Corp. 0.02% 190 $237K No change
GDDY GoDaddy Inc. Class A 0.02% 2,000 $237K No change
XLV SS Health Care Select Sector 0.02% 1,570 $232K Add +4.3%
BNDW Vanguard Total World Bond Et 0.02% 3,319 $228K Add +0.5%
HON Honeywell International Inc. 0.01% 1,075 $221K Add +0.5%
STXF Strive 500 ETF 0.01% 6,550 $220K New
GSG iShares S&P Gsci Commodity I 0.01% 9,600 $212K New
IJH iShares Core S&P Midcap ETF 0.01% 3,453 $210K New
ET Energy Transfer LP 0.01% 12,041 $189K No change
JYNT The Joint Corp. 0.01% 12,000 $157K New
LUMN Lumen Technologies Inc. 0.01% 95,046 $148K No change
TV Grupo Televisa SA-Spon ADR 0.01% 40,000 $128K No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.01% 10,000 $113K No change
PFN PIMCO Income Strategy FD II 0.01% 14,526 $108K Add +39.7%
LDI Loandepot Inc. Class A 0.00% 25,000 $65K No change
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.00% 10,000 $56K New
ABERDEEN ASIA PACIFIC INCOM filed as ABRDN ASIA PACIFIC INCOME FU 0.00% 19,000 $53K No change
TWKS Thoughtworks Holding Inc. 0.00% 20,000 $51K New
NDLS Noodles & Co. 0.00% 25,000 $48K No change
ZVIA Zevia PBC-A 0.00% 37,104 $43K Add +48.4%
VMEO Vimeo Inc. 0.00% 10,000 $41K No change
COMP Compass Inc. Class A 0.00% 10,000 $36K No change
SLQT Selectquote Inc. 0.00% 15,000 $30K No change
GURE Gulf Resources Inc. 0.00% 20,000 $30K No change
FINANCE OF AMERICA COMPAN 0.00% 25,000 $18K No change
TMC TMC the Metals Co. Inc. 0.00% 10,000 $14K New
CNVS Cineverse Corp. 0.00% 10,000 $14K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $338K (not counted above)
SecurityClassShares / PrincipalValueChange
MCD McDonald's Corp. COM · principal 1,200$338KNew

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -1.0% 1.91% −0.40
REET iShares Global REIT ETF Reduce -2.2% 1.42% −0.16
AGG iShares Core U.S. Aggregate Reduce -5.3% 0.65% −0.09
IAGG iShares Intl Aggregate Bond Reduce -3.1% 0.49% −0.05
VGLT Vanguard Long-Term Treasury Reduce -69.5% 0.02% −0.04
ACN Accenture PLC Class A Reduce -13.8% 0.14% −0.04
MUB iShares National Muni Bond E Reduce -6.7% 0.15% −0.02
RQI Cohen & Steers Qual Inc. RLTY Sold out 0.00% −0.02
T AT&T Inc. Reduce -53.8% 0.02% −0.02
BA The Boeing Co. Reduce -11.3% 0.03% −0.02
ENB Enbridge Inc. Sold out 0.00% −0.02
LMT Lockheed Martin Corp. Sold out 0.00% −0.02
TXN Texas Instruments Inc. Sold out 0.00% −0.02
WFC Wells Fargo & Co. Sold out 0.00% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -3.3% 0.57% −0.02
CSCO Cisco Systems Inc. Sold out 0.00% −0.02
PANW Palo Alto Networks Inc. Sold out 0.00% −0.02
COP Conocophillips Sold out 0.00% −0.01
IWM iShares Russell 2000 ETF Reduce -0.9% 0.36% −0.01
DRI Darden Restaurants Inc. Reduce -6.4% 0.07% −0.01
PFE Pfizer Inc. Reduce -24.9% 0.02% −0.01
JMST JPM Ultra-Short Muni Income Reduce -12.1% 0.04% −0.01
JNJ Johnson & Johnson Reduce -0.8% 0.09% −0.01
GOOGL Alphabet Inc. Class A Reduce -9.3% 0.06% −0.01
CBOE Cboe Global Markets Inc. Reduce -2.2% 0.08% −0.00
F Ford Motor Co. Reduce -13.7% 0.03% −0.00
HD Home Depot Inc. Reduce -14.9% 0.03% −0.00
PEP Pepsico Inc. Reduce -1.2% 0.04% −0.00
ABT Abbott Laboratories Reduce -2.2% 0.03% −0.00
FITB Fifth Third Bancorp Reduce -3.5% 0.06% −0.00
ARW Arrow Electronics Inc. Reduce -4.0% 0.02% −0.00
QQQX Nuveen Nasdaq 100 DYN Overwr Reduce -2.2% 0.02% −0.00
GIS General Mills Inc. Reduce -1.6% 0.10% −0.00
CVX Chevron Corp. Reduce -0.5% 0.03% −0.00
IDEV iShares Core MSCI Dev MKTS Reduce -1.6% 0.02% −0.00
EPD Enterprise Products Partners Reduce -0.0% 0.02% +0.00
DFAU Dimensional US Core Equity M Reduce -0.5% 0.08% +0.00
COST Costco Wholesale Corp. Reduce -2.3% 0.18% +0.00
ABBV Abbvie Inc. Reduce -2.3% 0.05% +0.00
VONE Vanguard Russell 1000 Reduce -1.4% 0.32% +0.01
MDY State Street SPDR S&P Midcap Reduce -0.4% 0.61% +0.01
ITOT iShares Core S&P Total U.S. Reduce -1.5% 1.32% +0.02
MSFT Microsoft Corp. Reduce -0.5% 0.41% +0.02
QCOM Qualcomm Inc. Reduce -0.1% 0.20% +0.02
ETN Eaton Corp. PLC Reduce -1.2% 0.11% +0.02
TILT NT Mstar US Ftilt ETF Reduce -1.0% 2.21% +0.02
IWB iShares Russell 1000 ETF Reduce -0.8% 13.57% +0.30

Portfolio Buys Q4 2023 → Q1 2024
VTI VG Morningstar TS MKT ETF-US Add +1.0% 15.25% +0.57
GWW WW Grainger Inc. Add +534.9% 0.42% +0.37
DFAC Dimensional US Core Equity 2 Add +0.1% 11.40% +0.29
NVDA Nvidia Corp. Add +14.5% 0.29% +0.14
AMZN Amazon.com Inc. Add +18.4% 0.51% +0.12
IWF iShares Russell 1000 Growth Add +0.1% 2.44% +0.10
JPM JPMorgan Chase & Co. Add +0.2% 0.71% +0.07
VXUS Vanguard Total Intl Stock Add +3.2% 6.05% +0.05
BMY Bristol-Myers Squibb Co. Add +55.8% 0.08% +0.03
META Meta Platforms Inc. Class A Add +18.6% 0.07% +0.02
MRK Merck & Co. Inc. Add +7.2% 0.09% +0.02
STXF Strive 500 ETF New 0.01% +0.01
LLY Eli Lilly & Co. Add +43.0% 0.03% +0.01
GSG iShares S&P Gsci Commodity I New 0.01% +0.01
IJH iShares Core S&P Midcap ETF New 0.01% +0.01
CI The Cigna Group Add +0.6% 0.10% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.6% 0.11% +0.01
ALK Alaska Air Group Inc. Add +25.9% 0.05% +0.01
CAT Caterpillar Inc. Add +1.3% 0.07% +0.01
JYNT The Joint Corp. New 0.01% +0.01
DIS The Walt Disney Co. Add +15.3% 0.03% +0.01
XOM Exxon Mobil Corp. Add +0.3% 0.10% +0.01
IBM Intl Business Machines Corp. Add +2.4% 0.06% +0.01
MPC Marathon Petroleum Corp. Add +1.9% 0.03% +0.01
DFAI Dimensional International Co. Add +7.9% 0.09% +0.01
IVV iShares Core S&P 500 ETF Add +12.0% 0.04% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +3.8% 0.03% +0.01
PLTR Palantir Technologies Inc. Class A Add +9.9% 0.02% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.13% +0.00
VOO Vanguard S&P 500 ETF Add +4.7% 0.06% +0.00
STKS One Group Hospitality Inc. New 0.00% +0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +8.7% 0.33% +0.00
TWKS Thoughtworks Holding Inc. New 0.00% +0.00
AMD Advanced Micro Devices Add +2.6% 0.02% +0.00
NFLX Netflix Inc. Add +3.0% 0.02% +0.00
VZ Verizon Communications Inc. Add +9.2% 0.02% +0.00
PG The Procter & Gamble Co. Add +2.6% 0.03% +0.00
PFN PIMCO Income Strategy FD II Add +39.7% 0.01% +0.00
ESGV Vanguard ESG US Stock ETF Add +0.7% 0.05% +0.00
ADX Adams Diversified Equity Add +0.1% 0.05% +0.00
GOOG Alphabet Inc. Class C Add +6.8% 0.02% +0.00
IWV iShares Russell 3000 ETF Add +0.3% 0.05% +0.00
TMC TMC the Metals Co. Inc. New 0.00% +0.00
SCHB Schwab US Broad Market ETF Add +0.1% 0.03% +0.00
XLV SS Health Care Select Sector Add +4.3% 0.02% +0.00
VGT Vanguard Info Tech ETF Add +0.5% 0.02% +0.00
ICE Intercontinental Exchange Inc. Add +0.3% 0.05% +0.00
JEPI JPMorgan Equity Premium Inco Add +1.9% 0.04% +0.00
V Visa Inc. Class A Add +0.1% 0.02% +0.00
IJR iShares Core S&P Small-Cap E Add +3.8% 0.02% −0.00

Notes & Other Activity Q4 2023 → Q1 2024
MCD McDonald's Corp. COM · principal New 1,200 $338K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 191$2.1BVTI, IWB, DFAC, NFRA, BND
Q1 2026 185$1.9BVTI, IWB, DFAC, NFRA, BND
Q4 2025 184$1.9BVTI, IWB, DFAC, NFRA, BND
Q3 2025 182$1.8BVTI, IWB, DFAC, NFRA, BND
Q2 2025 175$1.7BVTI, IWB, DFAC, NFRA, BND
Q1 2025 156$1.6BVTI, IWB, DFAC, BND, NFRA
Q4 2024 155$1.6BVTI, IWB, DFAC, BND, NFRA
Q3 2024 157$1.6BVTI, IWB, DFAC, NFRA, BND
Q2 2024 157$1.5BVTI, IWB, DFAC, BND, NFRA
Q1 2024 150$1.5BVTI, IWB, DFAC, BND, NFRA