Capstone Financial Advisors, Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Capstone Financial Advisors, Inc. reported 157 stock positions worth $1.5 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 15.6% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 13.5%) and Dimensional US Core Equity 2 (DFAC, 11.1%). Compared with Q1 2024, it opened 11 new positions, sold out of 4, added to 61 and reduced 45. The biggest buy was Avantis Real Estate ETF (AVRE, shares +742%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −2%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001599217
Portfolio Value
$1.5B (Q2 2024)
SEC Filing
0001599217-24-000008 ↗ filed Aug 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.5B $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 157 stocks · $1.5B
VTI VG Morningstar TS MKT ETF-US 15.57% 881,533 $235.8M Add +1.0%
IWB iShares Russell 1000 ETF 13.53% 688,502 $204.9M Reduce -1.8%
DFAC Dimensional US Core Equity 2 11.10% 5,213,476 $168.1M Reduce -1.8%
BND Vanguard Total Bond Market 7.27% 1,528,731 $110.1M Add +4.7%
NFRA NT GLBL BRD Infra ETF 6.19% 1,761,497 $93.7M Add +1.3%
VXUS Vanguard Total Intl Stock 6.08% 1,527,558 $92.1M Add +2.3%
DFAX Dimensional World Ex US Core 4.82% 2,873,601 $73.0M Add +0.1%
IXUS iShares Core Intl Stock ETF 4.65% 1,042,374 $70.4M Add +0.3%
MCD McDonald's Corp. 3.76% 223,342 $56.9M Add +1.1%
BNDX Vanguard Total Intl Bond ETF 3.09% 962,416 $46.8M Add +3.5%
IWF iShares Russell 1000 Growth 2.59% 107,689 $39.3M Add +0.1%
TLTD NT Dev Exus Ftilt ETF 2.34% 505,910 $35.4M Add +0.8%
AAPL Apple Inc. 2.23% 160,247 $33.8M Reduce -3.1%
TILT NT Mstar US Ftilt ETF 2.16% 163,617 $32.7M Reduce -1.5%
ITOT iShares Core S&P Total U.S. 1.28% 163,328 $19.4M Reduce -4.3%
REET iShares Global REIT ETF 1.27% 830,229 $19.3M Reduce -7.0%
AVRE Avantis Real Estate ETF 0.80% 295,193 $12.2M Add +741.7%
JPM JPMorgan Chase & Co. 0.71% 53,193 $10.8M Add +0.4%
AGG iShares Core U.S. Aggregate 0.60% 92,938 $9.0M Reduce -5.2%
MDY State Street SPDR S&P Midcap 0.57% 16,216 $8.7M Reduce -0.1%
AMZN Amazon.com Inc. 0.52% 40,889 $7.9M Reduce -2.0%
VIG Vanguard Dividend Apprec ETF 0.51% 42,616 $7.8M Reduce -8.2%
IAGG iShares Intl Aggregate Bond 0.47% 142,418 $7.1M Reduce -3.3%
MSFT Microsoft Corp. 0.43% 14,470 $6.5M Reduce -0.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.37% 6,182 $5.6M Reduce -0.1%
NVDA Nvidia Corp. 0.35% 42,455 $5.2M Reduce -10.2%
IWM iShares Russell 2000 ETF 0.34% 25,235 $5.1M Reduce -0.8%
VONE Vanguard Russell 1000 0.33% 20,214 $5.0M Add +0.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.32% 96,286 $4.8M Reduce -1.1%
VTWO Vanguard Russell 2000 ETF 0.27% 48,995 $4.0M Add +0.9%
CME Cme Group Inc. 0.26% 20,149 $4.0M Add +0.0%
QCOM Qualcomm Inc. 0.23% 17,760 $3.5M Reduce -0.6%
COST Costco Wholesale Corp. 0.21% 3,661 $3.1M Reduce -2.5%
RWO State Street SPDR Dow Jones 0.18% 65,860 $2.7M Add +1.0%
TY Tri-Continental Corp. 0.15% 75,513 $2.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 3,858 $2.1M Add +4.4%
MUB iShares National Muni Bond E 0.14% 19,467 $2.1M Reduce -4.2%
ACN Accenture PLC Class A 0.11% 5,697 $1.7M Reduce -7.2%
ETN Eaton Corp. PLC 0.11% 5,400 $1.7M No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 3,993 $1.6M Reduce -0.6%
XOM Exxon Mobil Corp. 0.10% 12,793 $1.5M Add +1.4%
UL Unilever PLC 0.09% 25,487 $1.4M Add +0.8%
CI The Cigna Group 0.09% 4,177 $1.4M Add +0.2%
GIS General Mills Inc. 0.09% 21,469 $1.4M No change
DFAI Dimensional International Co. 0.09% 44,508 $1.3M Reduce -0.1%
WBA Walgreens Boots Alliance Inc. 0.09% 107,060 $1.3M Add +1.1%
JNJ Johnson & Johnson 0.08% 8,782 $1.3M Add +0.1%
MRK Merck & Co. Inc. 0.08% 10,142 $1.3M Add +2.0%
DFAU Dimensional US Core Equity M 0.08% 32,657 $1.2M Reduce -0.2%
META Meta Platforms Inc. Class A 0.07% 2,189 $1.1M Add +8.6%
QQQ Invesco QQQ Trust Series 1 0.07% 2,283 $1.1M No change
CBOE Cboe Global Markets Inc. 0.07% 6,413 $1.1M Add +0.1%
KO The Coca-Cola Co. 0.07% 16,968 $1.1M Add +0.1%
GOOGL Alphabet Inc. Class A 0.07% 5,786 $1.1M Reduce -1.0%
LW Lamb Weston Holdings Inc. 0.07% 12,385 $1.0M No change
CMG Chipotle Mexican Grill Inc. 0.07% 16,200 $1.0M Add +5.5%
DRI Darden Restaurants Inc. 0.07% 6,617 $1.0M No change
CAT Caterpillar Inc. 0.06% 2,807 $935K Reduce -0.6%
BMY Bristol-Myers Squibb Co. 0.06% 22,457 $933K Add +1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 5,066 $876K Add +0.1%
FITB Fifth Third Bancorp 0.06% 23,112 $843K Reduce -5.5%
TSLA Tesla Inc. 0.06% 4,214 $834K Reduce -6.4%
ADX Adams Diversified Equity 0.05% 38,433 $826K Add +0.1%
VOO Vanguard S&P 500 ETF 0.05% 1,639 $820K Reduce -6.7%
ESGV Vanguard ESG US Stock ETF 0.05% 8,477 $819K Add +0.7%
IGF iShares Global Infrastructur 0.05% 16,952 $812K No change
INTC Intel Corp. 0.05% 25,157 $779K Add +11.6%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.05% 540 $744K New
IVV iShares Core S&P 500 ETF 0.05% 1,311 $717K Add +7.5%
ICE Intercontinental Exchange Inc. 0.05% 5,225 $715K Add +0.7%
IWV iShares Russell 3000 ETF 0.05% 2,314 $714K Add +0.3%
ALK Alaska Air Group Inc. 0.04% 15,972 $645K No change
LLY Eli Lilly & Co. 0.04% 692 $626K Add +10.2%
PEP Pepsico Inc. 0.04% 3,779 $623K Add +7.8%
VEU Vanguard Ftse All-World Ex-U 0.04% 10,446 $613K Add +0.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.04% 12,012 $610K Add +5.1%
AMGN Amgen Inc. 0.04% 1,928 $602K Add +0.2%
DJT Trump Media & Technology Gro 0.04% 17,600 $576K New
ICSH iShares Ultra Short Duration 0.04% 11,186 $565K Reduce -1.4%
JEPI JPMorgan Equity Premium Inco 0.04% 9,865 $559K Add +1.8%
ABBV Abbvie Inc. 0.04% 3,258 $559K Reduce -11.7%
DFIC Dimensional International Co. 0.04% 20,750 $546K No change
AGGY Wisdomtree Yield Enhanced US 0.04% 12,527 $538K Add +1.1%
PG The Procter & Gamble Co. 0.03% 3,199 $528K Add +0.1%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,371 $525K No change
VEA Vanguard Ftse Developed ETF 0.03% 10,521 $520K Reduce -9.8%
ESTC Elastic NV 0.03% 4,481 $510K No change
SCHB Schwab US Broad Market ETF 0.03% 7,905 $497K Reduce -1.3%
CL Colgate-Palmolive Co. 0.03% 5,066 $492K Add +5.5%
CVX Chevron Corp. 0.03% 3,122 $488K Reduce -4.4%
BA The Boeing Co. 0.03% 2,357 $429K No change
DSL Doubleline Income Solutions 0.03% 34,224 $428K No change
STXF Strive 500 ETF 0.03% 11,250 $393K Add +71.8%
F Ford Motor Co. filed as FORD MTR CO DEL 0.03% 30,990 $389K Reduce -0.1%
DLY Doubleline Yield Opport 0.03% 24,144 $381K No change
QQQX Nuveen Nasdaq 100 DYN Overwr 0.02% 15,046 $377K Reduce -0.0%
BY Byline Bancorp Inc. 0.02% 15,871 $377K No change
LRCX Lam Research Corp. 0.02% 347 $369K New
KMX Carmax Inc. 0.02% 5,000 $367K No change
PTLO Portillo's Inc. Class A 0.02% 37,508 $365K Add +47.0%
GOOG Alphabet Inc. Class C 0.02% 1,987 $365K Add +4.8%
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.02% 26,423 $357K No change
ABT Abbott Laboratories 0.02% 3,419 $355K Reduce -4.7%
MA Mastercard Inc. Class A 0.02% 802 $354K No change
HD Home Depot Inc. 0.02% 1,017 $350K Add +0.4%
ADM Archer-Daniels-Midland Co. 0.02% 5,755 $348K Reduce -1.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 3,473 $345K Add +0.2%
VGT Vanguard Info Tech ETF 0.02% 592 $341K No change
PLTR Palantir Technologies Inc. Class A 0.02% 13,449 $341K Add +9.3%
UNH Unitedhealth Group Inc. 0.02% 666 $339K Reduce -21.1%
MPC Marathon Petroleum Corp. 0.02% 1,900 $330K Reduce -1.9%
VZ Verizon Communications Inc. 0.02% 7,795 $321K Add +0.1%
NFLX Netflix Inc. 0.02% 466 $314K Add +3.8%
EZBC Franklin Bitcoin ETF 0.02% 8,650 $301K New
IJR iShares Core S&P Small-Cap E 0.02% 2,804 $299K Reduce -6.8%
GE General Electric filed as GE AEROSPACE 0.02% 1,865 $296K No change
AVGO Broadcom Inc. 0.02% 181 $291K New
ARW Arrow Electronics Inc. 0.02% 2,405 $290K Reduce -14.9%
GDDY GoDaddy Inc. Class A 0.02% 2,000 $279K No change
T AT&T Inc. 0.02% 14,580 $279K Add +1.8%
AMD Advanced Micro Devices 0.02% 1,713 $278K Add +0.2%
PFE Pfizer Inc. 0.02% 9,924 $278K Reduce -0.6%
FICO Fair Isaac Corp. 0.02% 186 $277K Reduce -2.1%
XLV SS Health Care Select Sector 0.02% 1,854 $270K Add +18.1%
CSX CSX Corp. 0.02% 7,593 $254K No change
EPD Enterprise Products Partners 0.02% 8,756 $254K Reduce -0.6%
ALL Allstate Corp. 0.02% 1,568 $250K No change
IDEV iShares Core MSCI Dev MKTS 0.02% 3,768 $247K Add +0.7%
RYAAY Ryanair Holdings PLC-SP ADR 0.02% 2,000 $233K No change
PANW Palo Alto Networks Inc. 0.02% 683 $232K New
HON Honeywell International Inc. 0.02% 1,079 $230K Add +0.4%
BNDW Vanguard Total World Bond Et 0.01% 3,343 $227K Add +0.7%
V Visa Inc. Class A 0.01% 828 $217K Reduce -3.7%
GSG iShares S&P Gsci Commodity I 0.01% 9,600 $213K No change
XLE SS Energy Select Sector 0.01% 2,255 $206K New
IJH iShares Core S&P Midcap ETF 0.01% 3,461 $203K Add +0.2%
LUMN Lumen Technologies Inc. 0.01% 180,686 $199K Add +90.1%
ET Energy Transfer LP 0.01% 12,041 $195K No change
JYNT The Joint Corp. 0.01% 12,000 $169K No change
LYFT LYFT Inc. Class A 0.01% 11,331 $160K New
TV Grupo Televisa SA-Spon ADR 0.01% 40,000 $111K No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.01% 10,000 $109K No change
PFN PIMCO Income Strategy FD II 0.01% 14,526 $104K No change
HTZ Hertz Global Hldgs Inc. 0.00% 20,000 $71K New
TWKS Thoughtworks Holding Inc. 0.00% 20,000 $57K No change
AMC AMC Entertainment HLDS Class A 0.00% 10,864 $54K New
FIGS Figs Inc. Class A 0.00% 10,000 $53K New
ABERDEEN ASIA PACIFIC INCOM filed as ABRDN ASIA PACIFIC INCOME FU 0.00% 19,000 $51K No change
ZVIA Zevia PBC-A 0.00% 65,000 $44K Add +75.2%
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.00% 10,000 $43K No change
LDI Loandepot Inc. Class A 0.00% 25,000 $41K No change
NDLS Noodles & Co. 0.00% 25,000 $40K No change
VMEO Vimeo Inc. 0.00% 10,000 $37K No change
COMP Compass Inc. Class A 0.00% 10,000 $36K No change
GURE Gulf Resources Inc. 0.00% 20,000 $21K No change
TMC TMC the Metals Co. Inc. 0.00% 10,000 $14K No change
CNVS Cineverse Corp. 0.00% 10,000 $9K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $306K (not counted above)
SecurityClassShares / PrincipalValueChange
MCD McDonald's Corp. COM · principal 1,200$306KNo change

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

Portfolio Sells Q1 2024 → Q2 2024
DFAC Dimensional US Core Equity 2 Reduce -1.8% 11.10% −0.30
REET iShares Global REIT ETF Reduce -7.0% 1.27% −0.15
VIG Vanguard Dividend Apprec ETF Reduce -8.2% 0.51% −0.06
TILT NT Mstar US Ftilt ETF Reduce -1.5% 2.16% −0.06
GWW WW Grainger Inc. Reduce -0.1% 0.37% −0.05
AGG iShares Core U.S. Aggregate Reduce -5.2% 0.60% −0.05
IWB iShares Russell 1000 ETF Reduce -1.8% 13.53% −0.05
ITOT iShares Core S&P Total U.S. Reduce -4.3% 1.28% −0.04
MDY State Street SPDR S&P Midcap Reduce -0.1% 0.57% −0.03
ACN Accenture PLC Class A Reduce -7.2% 0.11% −0.03
IAGG iShares Intl Aggregate Bond Reduce -3.3% 0.47% −0.03
YUM Yum! Brands Inc. Sold out 0.00% −0.02
IWM iShares Russell 2000 ETF Reduce -0.8% 0.34% −0.02
VGLT Vanguard Long-Term Treasury Sold out 0.00% −0.02
VTEB Vanguard Tax-Exempt Bond ETF Reduce -1.1% 0.32% −0.01
MUB iShares National Muni Bond E Reduce -4.2% 0.14% −0.01
ABBV Abbvie Inc. Reduce -11.7% 0.04% −0.01
CAT Caterpillar Inc. Reduce -0.6% 0.06% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.6% 0.11% −0.01
UNH Unitedhealth Group Inc. Reduce -21.1% 0.02% −0.01
ARW Arrow Electronics Inc. Reduce -14.9% 0.02% −0.01
FITB Fifth Third Bancorp Reduce -5.5% 0.06% −0.01
VEA Vanguard Ftse Developed ETF Reduce -9.8% 0.03% −0.01
MPC Marathon Petroleum Corp. Reduce -1.9% 0.02% −0.00
ABT Abbott Laboratories Reduce -4.7% 0.02% −0.00
DFAI Dimensional International Co. Reduce -0.1% 0.09% −0.00
IJR iShares Core S&P Small-Cap E Reduce -6.8% 0.02% −0.00
VOO Vanguard S&P 500 ETF Reduce -6.7% 0.05% −0.00
CVX Chevron Corp. Reduce -4.4% 0.03% −0.00
F Ford Motor Co. Reduce -0.1% 0.03% −0.00
SLQT Selectquote Inc. Sold out 0.00% −0.00
V Visa Inc. Class A Reduce -3.7% 0.01% −0.00
ADM Archer-Daniels-Midland Co. Reduce -1.6% 0.02% −0.00
ICSH iShares Ultra Short Duration Reduce -1.4% 0.04% −0.00
FINANCE OF AMERICA COMPAN Sold out 0.00% −0.00
EPD Enterprise Products Partners Reduce -0.6% 0.02% −0.00
PFE Pfizer Inc. Reduce -0.6% 0.02% −0.00
SCHB Schwab US Broad Market ETF Reduce -1.3% 0.03% 0.00
DFAU Dimensional US Core Equity M Reduce -0.2% 0.08% +0.00
QQQX Nuveen Nasdaq 100 DYN Overwr Reduce -0.0% 0.02% +0.00
TSLA Tesla Inc. Reduce -6.4% 0.06% +0.00
FICO Fair Isaac Corp. Reduce -2.1% 0.02% +0.00
GOOGL Alphabet Inc. Class A Reduce -1.0% 0.07% +0.01
AMZN Amazon.com Inc. Reduce -2.0% 0.52% +0.02
MSFT Microsoft Corp. Reduce -0.4% 0.43% +0.02
COST Costco Wholesale Corp. Reduce -2.5% 0.21% +0.02
QCOM Qualcomm Inc. Reduce -0.6% 0.23% +0.03
NVDA Nvidia Corp. Reduce -10.2% 0.35% +0.06
AAPL Apple Inc. Reduce -3.1% 2.23% +0.32

Portfolio Buys Q1 2024 → Q2 2024
AVRE Avantis Real Estate ETF Add +741.7% 0.80% +0.70
VTI VG Morningstar TS MKT ETF-US Add +1.0% 15.57% +0.32
IWF iShares Russell 1000 Growth Add +0.1% 2.59% +0.15
BND Vanguard Total Bond Market Add +4.7% 7.27% +0.14
MSTR Strategy Inc. New 0.05% +0.05
DJT Trump Media & Technology Gro New 0.04% +0.04
VXUS Vanguard Total Intl Stock Add +2.3% 6.08% +0.03
LRCX Lam Research Corp. New 0.02% +0.02
EZBC Franklin Bitcoin ETF New 0.02% +0.02
AVGO Broadcom Inc. New 0.02% +0.02
BNDX Vanguard Total Intl Bond ETF Add +3.5% 3.09% +0.02
PANW Palo Alto Networks Inc. New 0.02% +0.02
XLE SS Energy Select Sector New 0.01% +0.01
STXF Strive 500 ETF Add +71.8% 0.03% +0.01
LYFT LYFT Inc. Class A New 0.01% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +4.4% 0.14% +0.01
LLY Eli Lilly & Co. Add +10.2% 0.04% +0.01
UL Unilever PLC Add +0.8% 0.09% +0.01
META Meta Platforms Inc. Class A Add +8.6% 0.07% +0.01
CMG Chipotle Mexican Grill Inc. Add +5.5% 0.07% +0.01
VONE Vanguard Russell 1000 Add +0.4% 0.33% +0.01
GOOG Alphabet Inc. Class C Add +4.8% 0.02% +0.00
HTZ Hertz Global Hldgs Inc. New 0.00% +0.00
IVV iShares Core S&P 500 ETF Add +7.5% 0.05% +0.00
ADX Adams Diversified Equity Add +0.1% 0.05% +0.00
AMC AMC Entertainment HLDS Class A New 0.00% +0.00
FIGS Figs Inc. Class A New 0.00% +0.00
PLTR Palantir Technologies Inc. Class A Add +9.3% 0.02% +0.00
CL Colgate-Palmolive Co. Add +5.5% 0.03% +0.00
LUMN Lumen Technologies Inc. Add +90.1% 0.01% +0.00
AMGN Amgen Inc. Add +0.2% 0.04% +0.00
NFLX Netflix Inc. Add +3.8% 0.02% +0.00
XLV SS Health Care Select Sector Add +18.1% 0.02% +0.00
KO The Coca-Cola Co. Add +0.1% 0.07% +0.00
T AT&T Inc. Add +1.8% 0.02% +0.00
ESGV Vanguard ESG US Stock ETF Add +0.7% 0.05% +0.00
JMST JPM Ultra-Short Muni Income Add +5.1% 0.04% +0.00
IWV iShares Russell 3000 ETF Add +0.3% 0.05% +0.00
HON Honeywell International Inc. Add +0.4% 0.02% +0.00
PG The Procter & Gamble Co. Add +0.1% 0.03% 0.00
ZVIA Zevia PBC-A Add +75.2% 0.00% 0.00
PEP Pepsico Inc. Add +7.8% 0.04% −0.00
PTLO Portillo's Inc. Class A Add +47.0% 0.02% −0.00
BNDW Vanguard Total World Bond Et Add +0.7% 0.01% −0.00
IDEV iShares Core MSCI Dev MKTS Add +0.7% 0.02% −0.00
VEU Vanguard Ftse All-World Ex-U Add +0.4% 0.04% −0.00
AGGY Wisdomtree Yield Enhanced US Add +1.1% 0.04% −0.00
ICE Intercontinental Exchange Inc. Add +0.7% 0.05% −0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.01% −0.00
VZ Verizon Communications Inc. Add +0.1% 0.02% −0.00

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