Capstone Financial Advisors, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Capstone Financial Advisors, Inc. reported 157 stock positions worth $1.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 16.2% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 13.5%) and Dimensional US Core Equity 2 (DFAC, 11.7%). Compared with Q2 2024, it opened 12 new positions, sold out of 12, added to 92 and reduced 35. The biggest buy was NT GLBL BRD Infra ETF (NFRA, shares +16%) and the biggest sale Vanguard Total Intl Stock (VXUS, shares −22%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001599217
Portfolio Value
$1.6B (Q3 2024)
SEC Filing
0001599217-24-000012 ↗ filed Nov 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.6B $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 · $1.6B
VTI VG Morningstar TS MKT ETF-US 16.22% 931,278 $263.7M Add +5.6%
IWB iShares Russell 1000 ETF 13.45% 695,547 $218.7M Add +1.0%
DFAC Dimensional US Core Equity 2 11.70% 5,547,011 $190.2M Add +6.4%
NFRA NT GLBL BRD Infra ETF 7.44% 2,034,668 $120.9M Add +15.5%
BND Vanguard Total Bond Market 7.41% 1,604,215 $120.5M Add +4.9%
VXUS Vanguard Total Intl Stock 4.72% 1,184,135 $76.7M Reduce -22.5%
MCD McDonald's Corp. 4.01% 213,779 $65.1M Reduce -4.3%
IXUS iShares Core Intl Stock ETF 3.95% 885,041 $64.3M Reduce -15.1%
DFAX Dimensional World Ex US Core 3.71% 2,234,354 $60.3M Reduce -22.3%
BNDX Vanguard Total Intl Bond ETF 3.09% 1,000,164 $50.3M Add +3.9%
IWF iShares Russell 1000 Growth 2.49% 107,692 $40.4M Add +0.0%
AAPL Apple Inc. 2.28% 159,051 $37.1M Reduce -0.8%
TLTD NT Dev Exus Ftilt ETF 2.20% 476,239 $35.7M Reduce -5.9%
TILT NT Mstar US Ftilt ETF 2.13% 162,784 $34.6M Reduce -0.5%
REET iShares Global REIT ETF 1.39% 847,980 $22.6M Add +2.1%
ITOT iShares Core S&P Total U.S. 1.30% 167,653 $21.1M Add +2.6%
AVRE Avantis Real Estate ETF 0.77% 264,568 $12.5M Reduce -10.4%
JPM JPMorgan Chase & Co. 0.70% 54,228 $11.4M Add +1.9%
AGG iShares Core U.S. Aggregate 0.59% 94,155 $9.5M Add +1.3%
MDY State Street SPDR S&P Midcap 0.56% 16,112 $9.2M Reduce -0.6%
MSFT Microsoft Corp. 0.54% 20,257 $8.7M Add +40.0%
VIG Vanguard Dividend Apprec ETF 0.53% 43,303 $8.6M Add +1.6%
IAGG iShares Intl Aggregate Bond 0.44% 138,707 $7.2M Reduce -2.6%
AMZN Amazon.com Inc. 0.44% 38,365 $7.1M Reduce -6.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.40% 6,183 $6.4M Add +0.0%
IWM iShares Russell 2000 ETF 0.37% 27,550 $6.1M Add +9.2%
IGF iShares Global Infrastructur 0.37% 110,339 $6.0M Add +550.9%
VTWO Vanguard Russell 2000 ETF 0.36% 64,865 $5.8M Add +32.4%
VONE Vanguard Russell 1000 0.33% 20,629 $5.4M Add +2.0%
NVDA Nvidia Corp. 0.31% 41,797 $5.1M Reduce -1.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.31% 98,099 $5.0M Add +1.9%
CME Cme Group Inc. 0.27% 20,156 $4.4M Add +0.0%
COST Costco Wholesale Corp. 0.22% 4,004 $3.5M Add +9.4%
RWO State Street SPDR Dow Jones 0.19% 66,409 $3.2M Add +0.8%
QCOM Qualcomm Inc. 0.19% 17,772 $3.0M Add +0.1%
TY Tri-Continental Corp. 0.15% 75,513 $2.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 4,110 $2.4M Add +6.5%
MUB iShares National Muni Bond E 0.13% 19,713 $2.1M Add +1.3%
ACN Accenture PLC Class A 0.12% 5,482 $1.9M Reduce -3.8%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 4,008 $1.8M Add +0.4%
ETN Eaton Corp. PLC 0.11% 5,404 $1.8M Add +0.1%
LLY Eli Lilly & Co. 0.11% 1,942 $1.7M Add +180.6%
UL Unilever PLC 0.10% 25,673 $1.7M Add +0.7%
GIS General Mills Inc. 0.10% 21,478 $1.6M Add +0.0%
JNJ Johnson & Johnson 0.09% 9,334 $1.5M Add +6.3%
XOM Exxon Mobil Corp. 0.09% 12,834 $1.5M Add +0.3%
CI The Cigna Group 0.09% 4,181 $1.4M Add +0.1%
META Meta Platforms Inc. Class A 0.08% 2,374 $1.4M Add +8.4%
LUMN Lumen Technologies Inc. 0.08% 185,686 $1.3M Add +2.8%
CBOE Cboe Global Markets Inc. 0.08% 6,377 $1.3M Reduce -0.6%
DFAU Dimensional US Core Equity M 0.08% 32,769 $1.3M Add +0.3%
KO The Coca-Cola Co. 0.08% 17,022 $1.2M Add +0.3%
TSLA Tesla Inc. 0.07% 4,509 $1.2M Add +7.0%
BMY Bristol-Myers Squibb Co. 0.07% 22,434 $1.2M Reduce -0.1%
CAT Caterpillar Inc. 0.07% 2,965 $1.2M Add +5.6%
MRK Merck & Co. Inc. 0.07% 10,045 $1.1M Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 5,032 $1.1M Reduce -0.7%
DRI Darden Restaurants Inc. 0.07% 6,620 $1.1M Add +0.1%
WBA Walgreens Boots Alliance Inc. 0.06% 114,640 $1.0M Add +7.1%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.06% 5,855 $987K Add +8.4%
FITB Fifth Third Bancorp 0.06% 21,922 $939K Reduce -5.2%
CMG Chipotle Mexican Grill Inc. 0.05% 15,365 $885K Reduce -5.2%
VOO Vanguard S&P 500 ETF 0.05% 1,659 $876K Add +1.2%
ADX Adams Diversified Equity 0.05% 38,823 $837K Add +1.0%
ICE Intercontinental Exchange Inc. 0.05% 5,196 $835K Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.05% 1,651 $806K Reduce -27.7%
LW Lamb Weston Holdings Inc. 0.05% 12,388 $802K Add +0.0%
SHV iShares 0-1 Year Treasury Bo 0.05% 7,233 $800K New
GOOGL Alphabet Inc. Class A 0.05% 4,816 $799K Reduce -16.8%
INTC Intel Corp. 0.05% 33,454 $785K Add +33.0%
DJT Trump Media & Technology Gro 0.05% 47,798 $768K Add +171.6%
IWV iShares Russell 3000 ETF 0.05% 2,321 $758K Add +0.3%
IVV iShares Core S&P 500 ETF 0.05% 1,314 $758K Add +0.2%
AMGN Amgen Inc. 0.05% 2,321 $748K Add +20.4%
ABBV Abbvie Inc. 0.05% 3,740 $739K Add +14.8%
ESGV Vanguard ESG US Stock ETF 0.04% 7,186 $730K Reduce -15.2%
ALK Alaska Air Group Inc. 0.04% 15,972 $722K No change
PG The Procter & Gamble Co. 0.04% 3,882 $672K Add +21.4%
PEP Pepsico Inc. 0.04% 3,797 $646K Add +0.5%
PLTR Palantir Technologies Inc. Class A 0.04% 17,019 $633K Add +26.5%
DFAI Dimensional International Co. 0.04% 19,607 $623K Reduce -56.0%
JEPI JPMorgan Equity Premium Inco 0.04% 10,044 $598K Add +1.8%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.04% 11,572 $589K Reduce -3.7%
DFIC Dimensional International Co. 0.04% 20,750 $584K No change
ICSH iShares Ultra Short Duration 0.04% 11,344 $576K Add +1.4%
AGGY Wisdomtree Yield Enhanced US 0.03% 12,660 $566K Add +1.1%
CL Colgate-Palmolive Co. 0.03% 5,083 $528K Add +0.3%
SCHB Schwab US Broad Market ETF 0.03% 7,914 $526K Add +0.1%
CVX Chevron Corp. 0.03% 3,145 $463K Add +0.7%
ABT Abbott Laboratories 0.03% 4,014 $458K Add +17.4%
BY Byline Bancorp Inc. 0.03% 15,871 $425K No change
PTLO Portillo's Inc. Class A 0.03% 31,464 $424K Reduce -16.1%
VEA Vanguard Ftse Developed ETF 0.03% 8,023 $424K Reduce -23.7%
HD Home Depot Inc. 0.03% 1,028 $417K Add +1.1%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,459 $409K Add +6.4%
MA Mastercard Inc. Class A 0.02% 809 $399K Add +0.9%
UNH Unitedhealth Group Inc. 0.02% 674 $394K Add +1.2%
KMX Carmax Inc. 0.02% 5,000 $387K No change
EZBC Franklin Bitcoin ETF 0.02% 10,400 $383K Add +20.2%
FICO Fair Isaac Corp. 0.02% 188 $365K Add +1.1%
GE General Electric filed as GE AEROSPACE 0.02% 1,937 $365K Add +3.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 3,785 $364K Add +9.0%
VZ Verizon Communications Inc. 0.02% 8,098 $364K Add +3.9%
BA The Boeing Co. 0.02% 2,357 $358K No change
SCHX Schwab US Large-Cap ETF 0.02% 5,183 $352K New
VGT Vanguard Info Tech ETF 0.02% 597 $350K Add +0.8%
ADM Archer-Daniels-Midland Co. 0.02% 5,770 $345K Add +0.3%
ESTC Elastic NV 0.02% 4,483 $344K Add +0.0%
LMT Lockheed Martin Corp. 0.02% 577 $338K New
GOOG Alphabet Inc. Class C 0.02% 2,006 $335K Add +1.0%
VEU Vanguard Ftse All-World Ex-U 0.02% 5,311 $335K Reduce -49.2%
NFLX Netflix Inc. 0.02% 471 $334K Add +1.1%
IJR iShares Core S&P Small-Cap E 0.02% 2,814 $329K Add +0.4%
STXF Strive 500 ETF 0.02% 8,750 $322K Reduce -22.2%
ARW Arrow Electronics Inc. 0.02% 2,405 $319K No change
GDDY GoDaddy Inc. Class A 0.02% 2,000 $314K No change
MPC Marathon Petroleum Corp. 0.02% 1,904 $310K Add +0.2%
ALL Allstate Corp. 0.02% 1,571 $298K Add +0.2%
F Ford Motor Co. filed as FORD MTR CO 0.02% 27,378 $289K Reduce -11.7%
PFE Pfizer Inc. 0.02% 9,947 $288K Add +0.2%
LRCX Lam Research Corp. 0.02% 348 $284K Add +0.3%
AMD Advanced Micro Devices 0.02% 1,712 $281K Reduce -0.1%
CSX CSX Corp. 0.02% 7,614 $263K Add +0.3%
LOW Lowe's Cos Inc. 0.02% 955 $259K New
XLE SS Energy Select Sector 0.02% 2,806 $246K Add +24.4%
BNDW Vanguard Total World Bond Et 0.01% 3,369 $238K Add +0.8%
PANW Palo Alto Networks Inc. 0.01% 686 $234K Add +0.4%
V Visa Inc. Class A 0.01% 842 $231K Add +1.7%
RYAAY Ryanair Holdings PLC-SP ADR 0.01% 5,000 $226K Add +150.0%
XLP SS Consumer Staples Sel Sect 0.01% 2,691 $223K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 5,487 $218K New
IJH iShares Core S&P Midcap ETF 0.01% 3,473 $216K Add +0.3%
XLV SS Health Care Select Sector 0.01% 1,400 $216K Reduce -24.5%
HON Honeywell International Inc. 0.01% 1,014 $210K Reduce -6.0%
NOBL Proshares S&P 500 Dividend A 0.01% 1,940 $207K New
CSCO Cisco Systems Inc. 0.01% 3,869 $206K New
T AT&T Inc. 0.01% 9,356 $206K Reduce -35.8%
URI United Rentals Inc. 0.01% 252 $204K New
GSG iShares S&P Gsci Commodity I 0.01% 9,600 $202K No change
XLI SS Industrial Select Sector 0.01% 1,478 $200K New
ET Energy Transfer LP 0.01% 12,041 $193K No change
LYFT LYFT Inc. Class A 0.01% 12,746 $163K Add +12.5%
TV Grupo Televisa SA-Spon ADR 0.01% 60,000 $154K Add +50.0%
JYNT The Joint Corp. 0.01% 12,000 $137K No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.01% 10,000 $99K No change
HTZ Hertz Global Hldgs Inc. 0.01% 30,000 $99K Add +50.0%
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.00% 20,000 $74K Add +100.0%
LDI Loandepot Inc. Class A 0.00% 25,000 $68K No change
ZVIA Zevia PBC-A 0.00% 50,000 $54K Reduce -23.1%
VMEO Vimeo Inc. 0.00% 10,000 $51K No change
AMC AMC Entertainment HLDS Class A 0.00% 10,864 $49K No change
EB Eventbrite Inc. Class A 0.00% 15,000 $41K New
GGB Gerdau SA -Spon ADR 0.00% 10,000 $35K New
NDLS Noodles & Co. 0.00% 25,000 $30K No change
CNVS Cineverse Corp. 0.00% 20,000 $20K Add +100.0%
GURE Gulf Resources Inc. 0.00% 20,000 $19K No change
TMC TMC the Metals Co. Inc. 0.00% 10,000 $11K No change

Options reported separately and not counted above: MCD puts ($365K).

Portfolio Sells Q2 2024 → Q3 2024
VXUS Vanguard Total Intl Stock Reduce -22.5% 4.72% −1.37
DFAX Dimensional World Ex US Core Reduce -22.3% 3.71% −1.11
IXUS iShares Core Intl Stock ETF Reduce -15.1% 3.95% −0.69
TLTD NT Dev Exus Ftilt ETF Reduce -5.9% 2.20% −0.14
AMZN Amazon.com Inc. Reduce -6.2% 0.44% −0.08
DFAI Dimensional International Co. Reduce -56.0% 0.04% −0.05
AVRE Avantis Real Estate ETF Reduce -10.4% 0.77% −0.04
NVDA Nvidia Corp. Reduce -1.6% 0.31% −0.03
DSL Doubleline Income Solutions Sold out 0.00% −0.03
TILT NT Mstar US Ftilt ETF Reduce -0.5% 2.13% −0.03
IAGG iShares Intl Aggregate Bond Reduce -2.6% 0.44% −0.03
DLY Doubleline Yield Opport Sold out 0.00% −0.03
QQQX Nuveen Nasdaq 100 DYN Overwr Sold out 0.00% −0.02
XBXMX Nuveen S&P 500 Buy-WR Inc. Sold out 0.00% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -27.7% 0.05% −0.02
GOOGL Alphabet Inc. Class A Reduce -16.8% 0.05% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -49.2% 0.02% −0.02
AVGO Broadcom Inc. Sold out 0.00% −0.02
EPD Enterprise Products Partners Sold out 0.00% −0.02
IDEV iShares Core MSCI Dev MKTS Sold out 0.00% −0.02
MRK Merck & Co. Inc. Reduce -1.0% 0.07% −0.01
CMG Chipotle Mexican Grill Inc. Reduce -5.2% 0.05% −0.01
ESGV Vanguard ESG US Stock ETF Reduce -15.2% 0.04% −0.01
VEA Vanguard Ftse Developed ETF Reduce -23.7% 0.03% −0.01
MDY State Street SPDR S&P Midcap Reduce -0.6% 0.56% −0.01
F Ford Motor Co. Reduce -11.7% 0.02% −0.01
PFN PIMCO Income Strategy FD II Sold out 0.00% −0.01
STXF Strive 500 ETF Reduce -22.2% 0.02% −0.01
T AT&T Inc. Reduce -35.8% 0.01% −0.01
XLV SS Health Care Select Sector Reduce -24.5% 0.01% −0.00
JMST JPM Ultra-Short Muni Income Reduce -3.7% 0.04% −0.00
TWKS Thoughtworks Holding Inc. Sold out 0.00% −0.00
FIGS Figs Inc. Class A Sold out 0.00% −0.00
ABERDEEN ASIA PACIFIC INCOM Sold out 0.00% −0.00
COMP Compass Inc. Class A Sold out 0.00% −0.00
HON Honeywell International Inc. Reduce -6.0% 0.01% −0.00
AMD Advanced Micro Devices Reduce -0.1% 0.02% −0.00
ZVIA Zevia PBC-A Reduce -23.1% 0.00% +0.00
PTLO Portillo's Inc. Class A Reduce -16.1% 0.03% +0.00
FITB Fifth Third Bancorp Reduce -5.2% 0.06% +0.00
ICE Intercontinental Exchange Inc. Reduce -0.6% 0.05% +0.00
ACN Accenture PLC Class A Reduce -3.8% 0.12% +0.01
CBOE Cboe Global Markets Inc. Reduce -0.6% 0.08% +0.01
BMY Bristol-Myers Squibb Co. Reduce -0.1% 0.07% +0.01
IBM Intl Business Machines Corp. Reduce -0.7% 0.07% +0.01
AAPL Apple Inc. Reduce -0.8% 2.28% +0.05
MCD McDonald's Corp. Reduce -4.3% 4.01% +0.25

Portfolio Buys Q2 2024 → Q3 2024
NFRA NT GLBL BRD Infra ETF Add +15.5% 7.44% +1.25
VTI VG Morningstar TS MKT ETF-US Add +5.6% 16.22% +0.65
DFAC Dimensional US Core Equity 2 Add +6.4% 11.70% +0.60
IGF iShares Global Infrastructur Add +550.9% 0.37% +0.32
BND Vanguard Total Bond Market Add +4.9% 7.41% +0.14
REET iShares Global REIT ETF Add +2.1% 1.39% +0.12
MSFT Microsoft Corp. Add +40.0% 0.54% +0.11
VTWO Vanguard Russell 2000 ETF Add +32.4% 0.36% +0.09
LUMN Lumen Technologies Inc. Add +2.8% 0.08% +0.07
LLY Eli Lilly & Co. Add +180.6% 0.11% +0.06
SHV iShares 0-1 Year Treasury Bo New 0.05% +0.05
IWM iShares Russell 2000 ETF Add +9.2% 0.37% +0.04
GWW WW Grainger Inc. Add +0.0% 0.40% +0.03
SCHX Schwab US Large-Cap ETF New 0.02% +0.02
LMT Lockheed Martin Corp. New 0.02% +0.02
TSLA Tesla Inc. Add +7.0% 0.07% +0.02
PLTR Palantir Technologies Inc. Class A Add +26.5% 0.04% +0.02
LOW Lowe's Cos Inc. New 0.02% +0.02
ITOT iShares Core S&P Total U.S. Add +2.6% 1.30% +0.01
VIG Vanguard Dividend Apprec ETF Add +1.6% 0.53% +0.01
XLP SS Consumer Staples Sel Sect New 0.01% +0.01
RWO State Street SPDR Dow Jones Add +0.8% 0.19% +0.01
BAC Bank of America Corp. New 0.01% +0.01
COST Costco Wholesale Corp. Add +9.4% 0.22% +0.01
CSCO Cisco Systems Inc. New 0.01% +0.01
NOBL Proshares S&P 500 Dividend A New 0.01% +0.01
URI United Rentals Inc. New 0.01% +0.01
XLI SS Industrial Select Sector New 0.01% +0.01
CME Cme Group Inc. Add +0.0% 0.27% +0.01
MSTR Strategy Inc. Add +8.4% 0.06% +0.01
META Meta Platforms Inc. Class A Add +8.4% 0.08% +0.01
UL Unilever PLC Add +0.7% 0.10% +0.01
CAT Caterpillar Inc. Add +5.6% 0.07% +0.01
DJT Trump Media & Technology Gro Add +171.6% 0.05% +0.01
ABBV Abbvie Inc. Add +14.8% 0.05% +0.01
JNJ Johnson & Johnson Add +6.3% 0.09% +0.01
GIS General Mills Inc. Add +0.0% 0.10% +0.01
PG The Procter & Gamble Co. Add +21.4% 0.04% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +6.5% 0.15% +0.01
AMGN Amgen Inc. Add +20.4% 0.05% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 0.11% +0.01
ABT Abbott Laboratories Add +17.4% 0.03% +0.00
FICO Fair Isaac Corp. Add +1.1% 0.02% +0.00
KO The Coca-Cola Co. Add +0.3% 0.08% +0.00
EZBC Franklin Bitcoin ETF Add +20.2% 0.02% +0.00
GE General Electric Add +3.9% 0.02% +0.00
EB Eventbrite Inc. Class A New 0.00% +0.00
HD Home Depot Inc. Add +1.1% 0.03% +0.00
GGB Gerdau SA -Spon ADR New 0.00% +0.00
TV Grupo Televisa SA-Spon ADR Add +50.0% 0.01% +0.00

Options Activity Q2 2024 → Q3 2024
MCD McDonald's Corp. put New 1,200 $365K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
MCD McDonald's Corp. COM · principal Sold out 1,200 $306Kbefore exit

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