Capstone Financial Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Capstone Financial Advisors, Inc. reported 175 stock positions worth $1.7 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, 13.0%) and Dimensional US Core Equity 2 (DFAC, 11.1%). Compared with Q1 2025, it opened 25 new positions, sold out of 6, added to 59 and reduced 62. The biggest buy was NT Mstar US Ftilt ETF (TILT, shares +25%) and the biggest sale McDonald's (MCD, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- DOWNERS GROVE, IL
- CIK
- 0001599217
- Portfolio Value
- $1.7B (Q2 2025)
- SEC Filing
- 0001599217-25-000005 ↗ filed Aug 8, 2025
Holdings Value
Holdings 175 stocks · $1.7B
| VTI VG Morningstar TS MKT ETF-US | 16.62% | 942,276 | $286.4M | Reduce -1.9% |
| IWB iShares Russell 1000 ETF | 13.03% | 661,216 | $224.5M | Reduce -0.8% |
| DFAC Dimensional US Core Equity 2 | 11.14% | 5,357,309 | $192.0M | Reduce -3.8% |
| NFRA NT GLBL BRD Infra ETF | 7.63% | 2,124,810 | $131.5M | Add +0.7% |
| BND Vanguard Total Bond Market | 7.24% | 1,693,913 | $124.7M | Add +0.4% |
| VXUS Vanguard Total Intl Stock | 4.60% | 1,146,169 | $79.2M | Reduce -4.2% |
| IXUS iShares Core Intl Stock ETF | 4.13% | 920,678 | $71.2M | Add +4.1% |
| DFAX Dimensional World Ex US Core | 3.56% | 2,086,502 | $61.3M | Reduce -3.8% |
| MCD McDonald's Corp. | 3.49% | 206,070 | $60.2M | Reduce -4.5% |
| BNDX Vanguard Total Intl Bond ETF | 3.02% | 1,050,398 | $52.0M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 2.84% | 115,114 | $48.9M | Add +0.1% |
| TILT NT Mstar US Ftilt ETF | 2.46% | 189,300 | $42.4M | Add +25.0% |
| TLTD NT Dev Exus Ftilt ETF | 2.24% | 461,646 | $38.5M | Reduce -0.7% |
| AAPL Apple Inc. | 1.75% | 146,797 | $30.1M | Reduce -1.6% |
| ITOT iShares Core S&P Total U.S. | 1.69% | 215,327 | $29.1M | Add +33.0% |
| REET iShares Global REIT ETF | 1.21% | 841,329 | $20.8M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.93% | 55,209 | $16.0M | Add +0.4% |
| AVRE Avantis Real Estate ETF | 0.78% | 305,545 | $13.5M | Add +9.0% |
| AGG iShares Core U.S. Aggregate | 0.52% | 90,929 | $9.0M | Reduce -5.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.51% | 179,431 | $8.8M | Add +99.2% |
| MDY State Street SPDR S&P Midcap | 0.51% | 15,450 | $8.8M | Reduce -1.4% |
| VIG Vanguard Dividend Apprec ETF | 0.49% | 40,941 | $8.4M | Reduce -3.4% |
| NVDA Nvidia Corp. | 0.47% | 51,649 | $8.2M | Add +10.1% |
| IWM iShares Russell 2000 ETF | 0.44% | 35,465 | $7.7M | Add +28.3% |
| AMZN Amazon.com Inc. | 0.44% | 34,257 | $7.5M | Add +1.1% |
| MSFT Microsoft Corp. | 0.39% | 13,649 | $6.8M | Reduce -3.3% |
| IGF iShares Global Infrastructur | 0.38% | 111,454 | $6.6M | Add +0.6% |
| VONE Vanguard Russell 1000 | 0.38% | 23,279 | $6.5M | Add +14.7% |
| IAGG iShares Intl Aggregate Bond | 0.36% | 120,841 | $6.2M | Reduce -7.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.34% | 8 | $5.8M | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.30% | 12,775 | $5.2M | Add +58.2% |
| CME Cme Group Inc. | 0.29% | 18,100 | $5.0M | Reduce -8.7% |
| VTWO Vanguard Russell 2000 ETF | 0.25% | 49,420 | $4.3M | Reduce -25.1% |
| COST Costco Wholesale Corp. | 0.22% | 3,841 | $3.8M | Add +0.0% |
| WMT Walmart Inc. | 0.18% | 32,161 | $3.1M | Reduce -1.2% |
| RWO State Street SPDR Dow Jones | 0.17% | 66,449 | $2.9M | No change |
| QCOM Qualcomm Inc. | 0.16% | 17,073 | $2.7M | Add +0.0% |
| DFAI Dimensional International Co. | 0.15% | 72,394 | $2.5M | Add +285.3% |
| DFAU Dimensional US Core Equity M | 0.14% | 58,929 | $2.5M | Add +79.8% |
| TY Tri-Continental Corp. | 0.14% | 75,513 | $2.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 3,855 | $2.4M | Reduce -4.0% |
| MUB iShares National Muni Bond E | 0.11% | 18,728 | $2.0M | Reduce -3.2% |
| ETN Eaton Corp. PLC | 0.11% | 5,404 | $1.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 3,916 | $1.9M | Reduce -2.5% |
| META Meta Platforms Inc. Class A | 0.10% | 2,294 | $1.7M | Reduce -16.3% |
| ACN Accenture PLC Class A | 0.10% | 5,570 | $1.7M | Reduce -1.2% |
| UL Unilever PLC | 0.09% | 26,377 | $1.6M | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 0.09% | 2,781 | $1.6M | Add +20.6% |
| CBOE Cboe Global Markets Inc. | 0.09% | 6,380 | $1.5M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 4,977 | $1.5M | Reduce -1.1% |
| WBA Walgreens Boots Alliance Inc. | 0.08% | 125,976 | $1.4M | Reduce -0.2% |
| DRI Darden Restaurants Inc. | 0.08% | 6,624 | $1.4M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.08% | 13,114 | $1.4M | Reduce -3.9% |
| DJT Trump Media & Technology Gro | 0.08% | 77,500 | $1.4M | Add +14.6% |
| CI The Cigna Group | 0.08% | 4,183 | $1.4M | Add +0.0% |
| AVGO Broadcom Inc. | 0.07% | 4,369 | $1.2M | Add +139.8% |
| KO The Coca-Cola Co. | 0.07% | 16,606 | $1.2M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 2,122 | $1.2M | Add +43.8% |
| GIS General Mills Inc. | 0.06% | 21,478 | $1.1M | No change |
| CAT Caterpillar Inc. | 0.06% | 2,764 | $1.1M | Reduce -3.4% |
| TSLA Tesla Inc. | 0.06% | 3,186 | $1.0M | Add +11.3% |
| CEG Constellation Energy | 0.06% | 3,123 | $1.0M | New |
| ALK Alaska Air Group Inc. | 0.06% | 19,540 | $967K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.06% | 926 | $963K | Reduce -73.8% |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 6,789 | $925K | Reduce -9.2% |
| ICE Intercontinental Exchange Inc. | 0.05% | 4,988 | $915K | Add +0.3% |
| ADX Adams Diversified Equity | 0.05% | 41,601 | $903K | Add +1.2% |
| VST Vistra Corp. | 0.05% | 4,597 | $891K | New |
| IVV iShares Core S&P 500 ETF | 0.05% | 1,430 | $888K | Add +12.1% |
| FITB Fifth Third Bancorp | 0.05% | 21,575 | $887K | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.05% | 3,420 | $880K | Add +70.7% |
| BMY Bristol-Myers Squibb Co. | 0.05% | 18,324 | $848K | Add +3.3% |
| CMG Chipotle Mexican Grill Inc. | 0.05% | 14,936 | $839K | Reduce -3.0% |
| IWV iShares Russell 3000 ETF | 0.05% | 2,341 | $822K | Add +0.3% |
| LUMN Lumen Technologies Inc. | 0.05% | 185,686 | $813K | No change |
| NFLX Netflix Inc. | 0.05% | 592 | $793K | Add +1.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.04% | 1,522 | $775K | Reduce -4.7% |
| GOOGL Alphabet Inc. Class A | 0.04% | 4,280 | $754K | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.04% | 9,029 | $715K | Reduce -4.0% |
| INTC Intel Corp. | 0.04% | 29,759 | $667K | Reduce -9.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.04% | 13,019 | $663K | Add +133.6% |
| DFIC Dimensional International Co. | 0.04% | 20,750 | $645K | No change |
| LW Lamb Weston Holdings Inc. | 0.04% | 12,388 | $642K | No change |
| JNJ Johnson & Johnson | 0.04% | 4,176 | $638K | Reduce -52.9% |
| JEPI JPMorgan Equity Premium Inco | 0.04% | 10,700 | $608K | Add +2.6% |
| ESGV Vanguard ESG US Stock ETF | 0.03% | 5,306 | $582K | Reduce -7.8% |
| EZBC Franklin Bitcoin ETF | 0.03% | 9,250 | $577K | Reduce -7.5% |
| AGGY Wisdomtree Yield Enhanced US | 0.03% | 12,976 | $566K | Add +0.2% |
| SCHB Schwab US Broad Market ETF | 0.03% | 23,491 | $560K | Reduce -2.9% |
| ICSH iShares Ultra Short Duration | 0.03% | 10,967 | $556K | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.03% | 2,972 | $552K | Reduce -13.0% |
| CVX Chevron Corp. | 0.03% | 3,840 | $550K | Add +21.0% |
| PG The Procter & Gamble Co. | 0.03% | 3,321 | $529K | Reduce -19.7% |
| SCHF Schwab Intl Equity ETF | 0.03% | 23,191 | $513K | New |
| IJR iShares Core S&P Small-Cap E | 0.03% | 4,437 | $485K | Add +56.0% |
| ALL Allstate Corp. | 0.03% | 2,297 | $462K | Reduce -5.0% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 8,018 | $457K | Reduce -3.8% |
| ABT Abbott Laboratories | 0.03% | 3,312 | $450K | Reduce -11.8% |
| HD Home Depot Inc. | 0.03% | 1,213 | $445K | Add +0.3% |
| MA Mastercard Inc. Class A | 0.03% | 788 | $443K | Reduce -3.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $2.2M (not counted above)
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q1 2025 → Q2 2025
| MCD McDonald's Corp. | Reduce -4.5% | 3.49% | −0.74 |
| DFAC Dimensional US Core Equity 2 | Reduce -3.8% | 11.14% | −0.40 |
| AAPL Apple Inc. | Reduce -1.6% | 1.75% | −0.34 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -0.2% | 3.02% | −0.21 |
| GWW WW Grainger Inc. | Reduce -73.8% | 0.06% | −0.16 |
| VTWO Vanguard Russell 2000 ETF | Reduce -25.1% | 0.25% | −0.08 |
| VXUS Vanguard Total Intl Stock | Reduce -4.2% | 4.60% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -5.1% | 0.52% | −0.07 |
| JNJ Johnson & Johnson | Reduce -52.9% | 0.04% | −0.06 |
| IAGG iShares Intl Aggregate Bond | Reduce -7.6% | 0.36% | −0.05 |
| CME Cme Group Inc. | Reduce -8.7% | 0.29% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.4% | 0.49% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.5% | 0.11% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.9% | 0.08% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -1.4% | 0.51% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -3.8% | 3.56% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -3.2% | 0.11% | −0.01 |
| ACN Accenture PLC Class A | Reduce -1.2% | 0.10% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -19.7% | 0.03% | −0.01 |
| ABBV Abbvie Inc. | Reduce -13.0% | 0.03% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -4.0% | 0.04% | −0.01 |
| PEP Pepsico Inc. | Reduce -14.2% | 0.02% | −0.01 |
| AMGN Amgen Inc. | Reduce -10.9% | 0.02% | −0.01 |
| INTC Intel Corp. | Reduce -9.4% | 0.04% | −0.01 |
| KO The Coca-Cola Co. | Reduce -1.9% | 0.07% | −0.01 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -11.8% | 0.03% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.2% | 0.08% | −0.00 |
| ALL Allstate Corp. | Reduce -5.0% | 0.03% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -5.2% | 0.03% | −0.00 |
| ICSH iShares Ultra Short Duration | Reduce -4.7% | 0.03% | −0.00 |
| LRCX Lam Research Corp. | Reduce -37.2% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -0.9% | 0.02% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.0% | 0.14% | −0.00 |
| ZVIA Zevia PBC-A | Sold out | 0.00% | −0.00 |
| FICO Fair Isaac Corp. | Reduce -3.2% | 0.02% | −0.00 |
| FITB Fifth Third Bancorp | Reduce -1.6% | 0.05% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -3.4% | 0.03% | −0.00 |
| WTFC Wintrust Financial Corp. | Reduce -12.9% | 0.02% | −0.00 |
| EB Eventbrite Inc. Class A | Sold out | 0.00% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.1% | 0.02% | −0.00 |
| T AT&T Inc. | Reduce -2.7% | 0.02% | −0.00 |
| AMC AMC Entertainment HLDS Class A | Sold out | 0.00% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -7.8% | 0.03% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -16.3% | 0.10% | −0.00 |
| LDI Loandepot Inc. Class A | Reduce -37.5% | 0.00% | −0.00 |
| V Visa Inc. Class A | Reduce -0.5% | 0.01% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -2.9% | 0.03% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| TILT NT Mstar US Ftilt ETF | Add +25.0% | 2.46% | +0.50 |
| ITOT iShares Core S&P Total U.S. | Add +33.0% | 1.69% | +0.45 |
| IXUS iShares Core Intl Stock ETF | Add +4.1% | 4.13% | +0.25 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +99.2% | 0.51% | +0.23 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 2.84% | +0.23 |
| NVDA Nvidia Corp. | Add +10.1% | 0.47% | +0.15 |
| MSTR Strategy Inc. | Add +58.2% | 0.30% | +0.15 |
| DFAI Dimensional International Co. | Add +285.3% | 0.15% | +0.11 |
| IWM iShares Russell 2000 ETF | Add +28.3% | 0.44% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.93% | +0.08 |
| DFAU Dimensional US Core Equity M | Add +79.8% | 0.14% | +0.07 |
| CEG Constellation Energy | New | 0.06% | +0.06 |
| VONE Vanguard Russell 1000 | Add +14.7% | 0.38% | +0.06 |
| VST Vistra Corp. | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +139.8% | 0.07% | +0.05 |
| AMZN Amazon.com Inc. | Add +1.1% | 0.44% | +0.03 |
| SCHF Schwab Intl Equity ETF | New | 0.03% | +0.03 |
| GE General Electric | Add +70.7% | 0.05% | +0.03 |
| AVRE Avantis Real Estate ETF | Add +9.0% | 0.78% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +43.8% | 0.07% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +133.6% | 0.04% | +0.02 |
| GLDM SPDR Gold Minishares Trust | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +20.6% | 0.09% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.02% | +0.02 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.01% | +0.01 |
| DELL Dell Technologies -C | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | New | 0.01% | +0.01 |
| IVW iShares S&P 500 Growth ETF | New | 0.01% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | New | 0.01% | +0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 0.01% | +0.01 |
| IYW iShares Ustechnology ETF | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +11.3% | 0.06% | +0.01 |
| LOW Lowe's Cos Inc. | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | Add +1.0% | 0.05% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +56.0% | 0.03% | +0.01 |
| CLF Cleveland-Cliffs Inc. | New | 0.01% | +0.01 |
| LYFT LYFT Inc. Class A | Add +45.8% | 0.02% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +12.1% | 0.05% | +0.01 |
| NEO Neogenomics Inc. | New | 0.00% | +0.00 |
| LMT Lockheed Martin Corp. | Add +31.4% | 0.02% | +0.00 |
| ADX Adams Diversified Equity | Add +1.2% | 0.05% | +0.00 |
| FIGS Figs Inc. Class A | New | 0.00% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +1.0% | 0.02% | +0.00 |
| BNDW Vanguard Total World Bond Et | Add +27.6% | 0.02% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +9.2% | 0.02% | +0.00 |
| BGS B&G Foods Inc. | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| MSTR Strategy Inc. | CL A NEW · principal | Reduce -55.6% | 4,000 | $1.6M |
| URI United Rentals Inc. | COM · principal | New | 300 | $226K |
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 |