Capstone Financial Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Capstone Financial Advisors, Inc. reported 156 stock positions worth $1.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 16.6% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 12.8%) and Dimensional US Core Equity 2 (DFAC, 11.5%). Compared with Q4 2024, it opened 8 new positions, sold out of 7, added to 55 and reduced 64. The biggest buy was NT GLBL BRD Infra ETF (NFRA, shares +3%) and the biggest sale iShares Russell 1000 ETF (IWB, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- DOWNERS GROVE, IL
- CIK
- 0001599217
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001599217-25-000003 ↗ filed May 9, 2025
Holdings Value
Holdings 156 stocks · $1.6B
| VTI VG Morningstar TS MKT ETF-US | 16.60% | 960,904 | $264.1M | Add +1.1% |
| IWB iShares Russell 1000 ETF | 12.85% | 666,279 | $204.4M | Reduce -2.1% |
| DFAC Dimensional US Core Equity 2 | 11.55% | 5,567,604 | $183.7M | Add +0.3% |
| BND Vanguard Total Bond Market | 7.79% | 1,686,655 | $123.9M | Add +1.6% |
| NFRA NT GLBL BRD Infra ETF | 7.64% | 2,109,611 | $121.6M | Add +2.6% |
| VXUS Vanguard Total Intl Stock | 4.67% | 1,196,493 | $74.3M | Add +0.4% |
| MCD McDonald's Corp. | 4.24% | 215,790 | $67.4M | Reduce -0.4% |
| IXUS iShares Core Intl Stock ETF | 3.88% | 884,262 | $61.7M | Reduce -1.9% |
| DFAX Dimensional World Ex US Core | 3.57% | 2,168,282 | $56.8M | Reduce -2.2% |
| BNDX Vanguard Total Intl Bond ETF | 3.23% | 1,052,090 | $51.4M | Add +1.8% |
| IWF iShares Russell 1000 Growth | 2.61% | 115,020 | $41.5M | Reduce -0.2% |
| TLTD NT Dev Exus Ftilt ETF | 2.19% | 464,908 | $34.8M | Reduce -0.5% |
| AAPL Apple Inc. | 2.08% | 149,258 | $33.2M | Reduce -4.1% |
| TILT NT Mstar US Ftilt ETF | 1.96% | 151,444 | $31.2M | Reduce -1.1% |
| REET iShares Global REIT ETF | 1.28% | 837,944 | $20.3M | Add +0.1% |
| ITOT iShares Core S&P Total U.S. | 1.24% | 161,841 | $19.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.85% | 54,976 | $13.5M | Add +0.0% |
| AVRE Avantis Real Estate ETF | 0.76% | 280,245 | $12.1M | Reduce -18.2% |
| AGG iShares Core U.S. Aggregate | 0.60% | 95,828 | $9.5M | Add +0.6% |
| MDY State Street SPDR S&P Midcap | 0.53% | 15,663 | $8.4M | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.52% | 42,387 | $8.2M | Reduce -1.5% |
| IAGG iShares Intl Aggregate Bond | 0.41% | 130,722 | $6.5M | Reduce -6.5% |
| AMZN Amazon.com Inc. | 0.41% | 33,896 | $6.4M | Reduce -6.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 8 | $6.4M | New |
| IGF iShares Global Infrastructur | 0.38% | 110,840 | $6.1M | Reduce -10.6% |
| IWM iShares Russell 2000 ETF | 0.35% | 27,641 | $5.5M | Reduce -1.1% |
| VTWO Vanguard Russell 2000 ETF | 0.33% | 66,019 | $5.3M | Add +0.5% |
| MSFT Microsoft Corp. | 0.33% | 14,118 | $5.3M | Add +2.1% |
| CME Cme Group Inc. | 0.33% | 19,824 | $5.3M | Reduce -1.7% |
| VONE Vanguard Russell 1000 | 0.32% | 20,292 | $5.2M | Reduce -0.6% |
| NVDA Nvidia Corp. | 0.32% | 46,916 | $5.1M | Reduce -18.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.28% | 90,066 | $4.5M | Reduce -9.7% |
| COST Costco Wholesale Corp. | 0.23% | 3,840 | $3.6M | Reduce -4.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.22% | 3,537 | $3.5M | Reduce -42.6% |
| RWO State Street SPDR Dow Jones | 0.18% | 66,449 | $2.9M | Add +0.0% |
| WMT Walmart Inc. | 0.18% | 32,553 | $2.9M | Reduce -15.8% |
| QCOM Qualcomm Inc. | 0.16% | 17,070 | $2.6M | Reduce -0.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.15% | 8,073 | $2.3M | Add +20.2% |
| TY Tri-Continental Corp. | 0.15% | 75,513 | $2.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 4,014 | $2.2M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 4,017 | $2.1M | Reduce -0.5% |
| MUB iShares National Muni Bond E | 0.13% | 19,354 | $2.0M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.11% | 5,640 | $1.8M | Add +7.2% |
| XOM Exxon Mobil Corp. | 0.10% | 13,640 | $1.6M | Add +6.3% |
| META Meta Platforms Inc. Class A | 0.10% | 2,742 | $1.6M | Reduce -6.7% |
| UL Unilever PLC | 0.10% | 26,084 | $1.6M | Add +0.8% |
| JNJ Johnson & Johnson | 0.09% | 8,874 | $1.5M | Reduce -2.8% |
| ETN Eaton Corp. PLC | 0.09% | 5,404 | $1.5M | No change |
| CBOE Cboe Global Markets Inc. | 0.09% | 6,376 | $1.4M | Reduce -0.1% |
| WBA Walgreens Boots Alliance Inc. | 0.09% | 126,176 | $1.4M | Reduce -7.2% |
| CI The Cigna Group | 0.09% | 4,182 | $1.4M | No change |
| DRI Darden Restaurants Inc. | 0.09% | 6,622 | $1.4M | Add +0.0% |
| DJT Trump Media & Technology Gro | 0.08% | 67,600 | $1.3M | Add +42.0% |
| GIS General Mills Inc. | 0.08% | 21,478 | $1.3M | No change |
| DFAU Dimensional US Core Equity M | 0.08% | 32,776 | $1.3M | Add +0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 5,034 | $1.3M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.08% | 16,919 | $1.2M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 0.07% | 2,305 | $1.2M | Add +19.6% |
| BMY Bristol-Myers Squibb Co. | 0.07% | 17,747 | $1.1M | Reduce -0.6% |
| ALK Alaska Air Group Inc. | 0.06% | 19,540 | $962K | Add +47.8% |
| CAT Caterpillar Inc. | 0.06% | 2,860 | $943K | Add +0.1% |
| FITB Fifth Third Bancorp | 0.05% | 21,924 | $859K | Add +0.0% |
| ICE Intercontinental Exchange Inc. | 0.05% | 4,975 | $858K | Add +0.3% |
| MRK Merck & Co. Inc. | 0.05% | 9,410 | $845K | Reduce -6.5% |
| ADX Adams Diversified Equity | 0.05% | 41,116 | $781K | Add +1.2% |
| CMG Chipotle Mexican Grill Inc. | 0.05% | 15,396 | $773K | Reduce -0.3% |
| INTC Intel Corp. | 0.05% | 32,850 | $746K | Add +0.8% |
| TSLA Tesla Inc. | 0.05% | 2,863 | $742K | Reduce -11.5% |
| IWV iShares Russell 3000 ETF | 0.05% | 2,335 | $742K | Add +0.3% |
| LUMN Lumen Technologies Inc. | 0.05% | 185,686 | $728K | No change |
| IVV iShares Core S&P 500 ETF | 0.05% | 1,276 | $717K | Add +1.8% |
| ABBV Abbvie Inc. | 0.04% | 3,415 | $716K | Reduce -9.5% |
| PG The Procter & Gamble Co. | 0.04% | 4,135 | $705K | Add +9.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 1,476 | $692K | Reduce -10.8% |
| GOOGL Alphabet Inc. Class A | 0.04% | 4,417 | $683K | Reduce -29.6% |
| LW Lamb Weston Holdings Inc. | 0.04% | 12,388 | $660K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.04% | 7,474 | $631K | Reduce -51.8% |
| JEPI JPMorgan Equity Premium Inco | 0.04% | 10,429 | $596K | Reduce -4.1% |
| DFAI Dimensional International Co. | 0.04% | 18,791 | $587K | Reduce -15.9% |
| ICSH iShares Ultra Short Duration | 0.04% | 11,503 | $583K | Add +0.7% |
| DFIC Dimensional International Co. | 0.04% | 20,750 | $576K | No change |
| PEP Pepsico Inc. | 0.04% | 3,767 | $565K | Reduce -0.5% |
| ESGV Vanguard ESG US Stock ETF | 0.04% | 5,755 | $564K | Reduce -21.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.04% | 1,597 | $563K | Reduce -2.2% |
| AGGY Wisdomtree Yield Enhanced US | 0.04% | 12,955 | $563K | Add +1.1% |
| NFLX Netflix Inc. | 0.03% | 586 | $546K | No change |
| CVX Chevron Corp. | 0.03% | 3,173 | $531K | Reduce -6.7% |
| SCHB Schwab US Broad Market ETF | 0.03% | 24,181 | $521K | Add +0.6% |
| AMGN Amgen Inc. | 0.03% | 1,668 | $520K | Add +0.2% |
| ALL Allstate Corp. | 0.03% | 2,418 | $501K | Add +53.9% |
| ABT Abbott Laboratories | 0.03% | 3,753 | $498K | Reduce -2.1% |
| EZBC Franklin Bitcoin ETF | 0.03% | 10,000 | $478K | No change |
| CL Colgate-Palmolive Co. | 0.03% | 5,083 | $476K | No change |
| MA Mastercard Inc. Class A | 0.03% | 816 | $447K | Add +0.1% |
| HD Home Depot Inc. | 0.03% | 1,209 | $443K | Add +1.9% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 8,331 | $423K | Add +5.5% |
| BY Byline Bancorp Inc. | 0.03% | 15,871 | $415K | No change |
| VZ Verizon Communications Inc. | 0.03% | 9,100 | $413K | Add +4.0% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 2,004 | $401K | Add +7.9% |
| KMX Carmax Inc. | 0.02% | 5,000 | $390K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.0M (not counted above)
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q4 2024 → Q1 2025
| IWB iShares Russell 1000 ETF | Reduce -2.1% | 12.85% | −0.70 |
| AAPL Apple Inc. | Reduce -4.1% | 2.08% | −0.32 |
| IWF iShares Russell 1000 Growth | Reduce -0.2% | 2.61% | −0.25 |
| GWW WW Grainger Inc. | Reduce -42.6% | 0.22% | −0.18 |
| NVDA Nvidia Corp. | Reduce -18.5% | 0.32% | −0.16 |
| AVRE Avantis Real Estate ETF | Reduce -18.2% | 0.76% | −0.13 |
| RKLB Rocket Lab USA Inc. | Sold out | 0.00% | −0.08 |
| TILT NT Mstar US Ftilt ETF | Reduce -1.1% | 1.96% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -6.0% | 0.41% | −0.08 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.9% | 1.24% | −0.06 |
| WMT Walmart Inc. | Reduce -15.8% | 0.18% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -1.1% | 0.35% | −0.03 |
| TSLA Tesla Inc. | Reduce -11.5% | 0.05% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -51.8% | 0.04% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -29.6% | 0.04% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -0.5% | 0.53% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -9.7% | 0.28% | −0.03 |
| AVGO Broadcom Inc. | Reduce -40.0% | 0.02% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.02 |
| IAGG iShares Intl Aggregate Bond | Reduce -6.5% | 0.41% | −0.02 |
| IGF iShares Global Infrastructur | Reduce -10.6% | 0.38% | −0.02 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.02 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.01 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.01 |
| VONE Vanguard Russell 1000 | Reduce -0.6% | 0.32% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -21.7% | 0.04% | −0.01 |
| ZVIA Zevia PBC-A | Reduce -60.0% | 0.00% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.3% | 0.05% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -6.5% | 0.05% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.8% | 0.04% | −0.01 |
| BA The Boeing Co. | Reduce -31.2% | 0.02% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -6.7% | 0.10% | −0.01 |
| DIS The Walt Disney Co. | Reduce -13.6% | 0.02% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 0.14% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.5% | 0.52% | −0.00 |
| DFAI Dimensional International Co. | Reduce -15.9% | 0.04% | −0.00 |
| JMST JPM Ultra-Short Muni Income | Reduce -16.2% | 0.02% | −0.00 |
| V Visa Inc. Class A | Reduce -25.0% | 0.01% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -19.8% | 0.02% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -7.3% | 0.01% | −0.00 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.1% | 0.04% | −0.00 |
| ADM Archer-Daniels-Midland Co. | Reduce -1.9% | 0.02% | −0.00 |
| TV Grupo Televisa SA-Spon ADR | Reduce -16.7% | 0.01% | −0.00 |
| LYFT LYFT Inc. Class A | Reduce -1.5% | 0.01% | −0.00 |
| TMC TMC the Metals Co. Inc. | Sold out | 0.00% | −0.00 |
| GURE Gulf Resources Inc. | Reduce -50.0% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -0.5% | 0.04% | −0.00 |
| F Ford Motor Co. | Reduce -2.1% | 0.02% | +0.00 |
| MUB iShares National Muni Bond E | Reduce -0.3% | 0.13% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| NFRA NT GLBL BRD Infra ETF | Add +2.6% | 7.64% | +0.75 |
| BND Vanguard Total Bond Market | Add +1.6% | 7.79% | +0.42 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.40% | +0.40 |
| VXUS Vanguard Total Intl Stock | Add +0.4% | 4.67% | +0.33 |
| BNDX Vanguard Total Intl Bond ETF | Add +1.8% | 3.23% | +0.10 |
| REET iShares Global REIT ETF | Add +0.1% | 1.28% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.85% | +0.03 |
| MSTR Strategy Inc. | Add +20.2% | 0.15% | +0.03 |
| AGG iShares Core U.S. Aggregate | Add +0.6% | 0.60% | +0.03 |
| WTFC Wintrust Financial Corp. | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +6.3% | 0.10% | +0.02 |
| GDX Vaneck Gold Miners ETF | New | 0.02% | +0.02 |
| COFS Choiceone Financial SVCS Inc. | New | 0.01% | +0.01 |
| CE Celanese Corp. | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | New | 0.01% | +0.01 |
| XLI SS Industrial Select Sector | New | 0.01% | +0.01 |
| ALL Allstate Corp. | Add +53.9% | 0.03% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +19.6% | 0.07% | +0.01 |
| DRI Darden Restaurants Inc. | Add +0.0% | 0.09% | +0.01 |
| ICE Intercontinental Exchange Inc. | Add +0.3% | 0.05% | +0.01 |
| ALK Alaska Air Group Inc. | Add +47.8% | 0.06% | +0.01 |
| UL Unilever PLC | Add +0.8% | 0.10% | +0.01 |
| INTC Intel Corp. | Add +0.8% | 0.05% | +0.01 |
| RWO State Street SPDR Dow Jones | Add +0.0% | 0.18% | +0.01 |
| GE General Electric | Add +7.9% | 0.03% | +0.01 |
| AMGN Amgen Inc. | Add +0.2% | 0.03% | +0.01 |
| PG The Procter & Gamble Co. | Add +9.5% | 0.04% | +0.01 |
| T AT&T Inc. | Add +0.1% | 0.02% | +0.00 |
| ABEV Ambev SA-ADR | Add +100.0% | 0.01% | +0.00 |
| VZ Verizon Communications Inc. | Add +4.0% | 0.03% | +0.00 |
| CALY Callaway Golf Company | New | 0.00% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +5.5% | 0.03% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +5.6% | 0.02% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +3.0% | 0.02% | +0.00 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.03% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.0% | 0.02% | +0.00 |
| AGGY Wisdomtree Yield Enhanced US | Add +1.1% | 0.04% | +0.00 |
| ICSH iShares Ultra Short Duration | Add +0.7% | 0.04% | +0.00 |
| PFE Pfizer Inc. | Add +9.5% | 0.02% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.02% | +0.00 |
| BNDW Vanguard Total World Bond Et | Add +0.5% | 0.01% | +0.00 |
| LDI Loandepot Inc. Class A | Add +60.0% | 0.00% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Add +1.4% | 0.02% | −0.00 |
| HON Honeywell International Inc. | Add +0.4% | 0.01% | −0.00 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 0.05% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.3% | 0.01% | −0.00 |
| HD Home Depot Inc. | Add +1.9% | 0.03% | −0.00 |
| LMT Lockheed Martin Corp. | Add +1.5% | 0.02% | −0.00 |
| LNKS Linkers Industries Ltd. Class A | Add +50.0% | 0.00% | −0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.6% | 0.03% | −0.00 |
Options Activity Q4 2024 → Q1 2025
| MSTR Strategy Inc. | call | Sold out | 3,000 | $869Kbefore exit |
| MCD McDonald's Corp. | put | Sold out | 1,200 | $348Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| MSTR Strategy Inc. | CL A NEW · principal | New | 9,000 | $2.6M |
| MCD McDonald's Corp. | COM · principal | New | 1,200 | $375K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 191 | $2.1B | VTI, IWB, DFAC, NFRA, BND |
| Q1 2026 | 185 | $1.9B | VTI, IWB, DFAC, NFRA, BND |
| Q4 2025 | 184 | $1.9B | VTI, IWB, DFAC, NFRA, BND |
| Q3 2025 | 182 | $1.8B | VTI, IWB, DFAC, NFRA, BND |
| Q2 2025 | 175 | $1.7B | VTI, IWB, DFAC, NFRA, BND |
| Q1 2025 | 156 | $1.6B | VTI, IWB, DFAC, BND, NFRA |
| Q4 2024 | 155 | $1.6B | VTI, IWB, DFAC, BND, NFRA |
| Q3 2024 | 157 | $1.6B | VTI, IWB, DFAC, NFRA, BND |
| Q2 2024 | 157 | $1.5B | VTI, IWB, DFAC, BND, NFRA |
| Q1 2024 | 150 | $1.5B | VTI, IWB, DFAC, BND, NFRA |