Capstone Financial Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Capstone Financial Advisors, Inc. reported 184 stock positions worth $1.9 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 17.1% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 12.9%) and Dimensional US Core Equity 2 (DFAC, 11.6%). Compared with Q3 2025, it opened 14 new positions, sold out of 12, added to 67 and reduced 69. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +2%) and the biggest sale NT Mstar US Ftilt ETF (TILT, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- DOWNERS GROVE, IL
- CIK
- 0001599217
- Portfolio Value
- $1.9B (Q4 2025)
- SEC Filing
- 0001599217-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 184 stocks · $1.9B
| VTI VG Morningstar TS MKT ETF-US | 17.11% | 957,838 | $321.1M | Add +1.4% |
| IWB iShares Russell 1000 ETF | 12.91% | 649,033 | $242.4M | Reduce -0.8% |
| DFAC Dimensional US Core Equity 2 | 11.56% | 5,480,371 | $217.0M | Add +1.8% |
| NFRA NT GLBL BRD Infra ETF | 7.38% | 2,290,009 | $138.6M | Add +6.3% |
| BND Vanguard Total Bond Market | 6.97% | 1,765,970 | $130.8M | Add +2.3% |
| VXUS Vanguard Total Intl Stock | 4.61% | 1,146,159 | $86.5M | Reduce 0.0% |
| IXUS iShares Core Intl Stock ETF | 4.13% | 917,126 | $77.6M | Add +0.1% |
| DFAX Dimensional World Ex US Core | 3.65% | 2,090,889 | $68.4M | Reduce -0.1% |
| MCD McDonald's Corp. | 3.22% | 198,057 | $60.5M | Reduce -1.8% |
| IWF iShares Russell 1000 Growth | 2.89% | 114,689 | $54.3M | Reduce -0.1% |
| BNDX Vanguard Total Intl Bond ETF | 2.85% | 1,107,654 | $53.5M | Add +3.6% |
| TLTD NT Dev Exus Ftilt ETF | 2.27% | 459,789 | $42.6M | Reduce -0.3% |
| TILT NT Mstar US Ftilt ETF | 2.23% | 168,556 | $41.9M | Reduce -8.5% |
| AAPL Apple Inc. | 2.10% | 144,979 | $39.4M | Reduce -3.6% |
| ITOT iShares Core S&P Total U.S. | 1.70% | 214,193 | $31.8M | Add +0.3% |
| REET iShares Global REIT ETF | 1.13% | 848,493 | $21.2M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.95% | 55,306 | $17.8M | Reduce -0.6% |
| AVRE Avantis Real Estate ETF | 0.74% | 317,407 | $13.8M | Add +4.3% |
| NVDA Nvidia Corp. | 0.73% | 73,990 | $13.8M | Reduce -4.3% |
| MDY State Street SPDR S&P Midcap | 0.49% | 15,181 | $9.2M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 0.48% | 39,362 | $9.1M | Reduce -1.6% |
| AGG iShares Core U.S. Aggregate | 0.47% | 88,045 | $8.8M | Reduce -3.1% |
| IWM iShares Russell 2000 ETF | 0.47% | 35,600 | $8.8M | Add +0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.46% | 39,509 | $8.7M | Reduce -2.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.44% | 164,269 | $8.3M | Reduce -0.4% |
| MSFT Microsoft Corp. | 0.41% | 15,740 | $7.6M | Add +0.5% |
| VONE Vanguard Russell 1000 | 0.37% | 22,541 | $7.0M | Reduce -2.1% |
| IGF iShares Global Infrastructur | 0.37% | 112,008 | $6.9M | Add +0.6% |
| IAGG iShares Intl Aggregate Bond | 0.34% | 125,904 | $6.3M | Add +1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 7 | $5.3M | Reduce -12.5% |
| CME Cme Group Inc. | 0.26% | 18,110 | $4.9M | Add +0.0% |
| VTWO Vanguard Russell 2000 ETF | 0.26% | 49,427 | $4.9M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.19% | 11,242 | $3.5M | Reduce -13.3% |
| COST Costco Wholesale Corp. | 0.18% | 4,014 | $3.5M | Reduce -3.2% |
| RWO State Street SPDR Dow Jones | 0.16% | 66,212 | $3.0M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 4,301 | $2.9M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.16% | 17,033 | $2.9M | Reduce -1.5% |
| CBOE Cboe Global Markets Inc. | 0.15% | 11,114 | $2.8M | Add +0.0% |
| DFAU Dimensional US Core Equity M | 0.15% | 58,935 | $2.8M | Add +0.0% |
| WMT Walmart Inc. | 0.14% | 23,263 | $2.6M | Reduce -26.3% |
| DFAI Dimensional International Co. | 0.14% | 67,115 | $2.6M | Reduce -1.3% |
| TY Tri-Continental Corp. | 0.13% | 75,513 | $2.5M | No change |
| VOO Vanguard S&P 500 ETF | 0.13% | 3,878 | $2.4M | Add +64.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 3,738 | $2.3M | Add +29.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 4,139 | $2.1M | Reduce -1.9% |
| MUB iShares National Muni Bond E | 0.11% | 19,244 | $2.1M | Add +1.5% |
| MSTR Strategy Inc. | 0.11% | 13,224 | $2.0M | Reduce -20.8% |
| META Meta Platforms Inc. Class A | 0.10% | 2,965 | $2.0M | Add +2.1% |
| ETN Eaton Corp. PLC | 0.09% | 5,448 | $1.7M | Add +0.6% |
| CAT Caterpillar Inc. | 0.09% | 2,837 | $1.6M | Add +1.3% |
| XOM Exxon Mobil Corp. | 0.09% | 13,350 | $1.6M | Reduce -0.0% |
| UL Unilever PLC-Sponsored ADR | 0.08% | 23,640 | $1.5M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 5,163 | $1.5M | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.08% | 5,388 | $1.4M | Add +88.1% |
| LUMN Lumen Technologies Inc. | 0.07% | 180,286 | $1.4M | Reduce -2.9% |
| TSLA Tesla Inc. | 0.07% | 2,806 | $1.3M | Reduce -3.2% |
| KO The Coca-Cola Co. | 0.06% | 17,079 | $1.2M | Add +1.7% |
| CI The Cigna Group | 0.06% | 4,181 | $1.2M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.06% | 3,057 | $1.1M | Reduce -27.0% |
| DRI Darden Restaurants Inc. | 0.05% | 5,579 | $1.0M | Reduce -15.8% |
| JNJ Johnson & Johnson | 0.05% | 4,878 | $1.0M | Add +0.3% |
| ADX Adams Diversified Equity | 0.05% | 42,513 | $991K | Add +1.1% |
| ALK Alaska Air Group Inc. | 0.05% | 19,540 | $983K | No change |
| GIS General Mills Inc. | 0.05% | 20,928 | $973K | Reduce -2.6% |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 5,451 | $969K | Add +2.4% |
| MRK Merck & Co. Inc. | 0.05% | 8,863 | $933K | Reduce -1.7% |
| IWV iShares Russell 3000 ETF | 0.05% | 2,353 | $910K | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.05% | 1,328 | $910K | Add +1.0% |
| FITB Fifth Third Bancorp | 0.05% | 19,401 | $908K | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.05% | 3,842 | $878K | Add +0.5% |
| ICE Intercontinental Exchange Inc. | 0.04% | 5,034 | $815K | Add +0.2% |
| JEPI JPMorgan Equity Premium Inco | 0.04% | 14,225 | $814K | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 0.04% | 2,568 | $806K | Add +7.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.04% | 1,578 | $740K | Add +1.2% |
| HD Home Depot Inc. | 0.04% | 2,146 | $738K | Reduce -0.4% |
| DFIC Dimensional International Co. | 0.04% | 20,750 | $715K | No change |
| AXP American Express Co. | 0.04% | 1,927 | $713K | Reduce -0.6% |
| BMY Bristol-Myers Squibb Co. | 0.04% | 13,030 | $703K | Reduce -29.7% |
| ESGV Vanguard ESG US Stock ETF | 0.04% | 5,592 | $676K | Add +4.6% |
| LLY Eli Lilly & Co. | 0.04% | 615 | $661K | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 2,081 | $641K | Reduce -3.5% |
| GLD SPDR Gold Shares | 0.03% | 1,617 | $641K | Add +2.1% |
| GWW WW Grainger Inc. | 0.03% | 626 | $632K | Reduce -32.5% |
| SCHB Schwab US Broad Market ETF | 0.03% | 23,262 | $610K | Reduce -1.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.03% | 10,224 | $594K | Add +4.2% |
| MU Micron Technology Inc. | 0.03% | 2,036 | $581K | Add +70.2% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 9,257 | $578K | Add +18.2% |
| AGGY Wisdomtree Yield Enhanced US | 0.03% | 12,976 | $572K | No change |
| INTC Intel Corp. | 0.03% | 15,252 | $563K | Reduce -21.1% |
| LW Lamb Weston Holdings Inc. | 0.03% | 13,419 | $562K | Add +8.1% |
| CVX Chevron Corp. | 0.03% | 3,598 | $548K | Reduce -7.2% |
| V Visa Inc. Class A | 0.03% | 1,562 | $548K | Add +0.5% |
| CHRW C.H. Robinson Worldwide Inc. | 0.03% | 3,407 | $548K | New |
| CMG Chipotle Mexican Grill Inc. | 0.03% | 13,954 | $516K | Reduce -3.1% |
| NFLX Netflix Inc. | 0.03% | 5,469 | $513K | Reduce -8.7% |
| CAOS Alpha Architect Tail Risk | 0.03% | 5,561 | $499K | New |
| AMGN Amgen Inc. | 0.03% | 1,500 | $491K | Add +0.3% |
| PEP Pepsico Inc. | 0.03% | 3,363 | $483K | Add +1.7% |
| VGT Vanguard Info Tech ETF | 0.03% | 622 | $469K | No change |
| BY Byline Bancorp Inc. | 0.02% | 15,871 | $463K | No change |
Options reported separately and not counted above: MSTR calls ($456K), MCD puts ($367K).
Portfolio Sells Q3 2025 → Q4 2025
| TILT NT Mstar US Ftilt ETF | Reduce -8.5% | 2.23% | −0.19 |
| MSTR Strategy Inc. | Reduce -20.8% | 0.11% | −0.18 |
| MCD McDonald's Corp. | Reduce -1.8% | 3.22% | −0.10 |
| DJT Trump Media & Technology Gro | Sold out | 0.00% | −0.07 |
| IWB iShares Russell 1000 ETF | Reduce -0.8% | 12.91% | −0.05 |
| CMCL Caledonia Mining Corp. PLC | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -4.3% | 0.73% | −0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -12.5% | 0.28% | −0.05 |
| WMT Walmart Inc. | Reduce -26.3% | 0.14% | −0.04 |
| EZBC Franklin Bitcoin ETF | Sold out | 0.00% | −0.03 |
| OPEN Opendoor Technologies Inc. | Sold out | 0.00% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -3.1% | 0.47% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 2.89% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -3.2% | 0.18% | −0.02 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.02 |
| AVGO Broadcom Inc. | Reduce -27.0% | 0.06% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.01 |
| GWW WW Grainger Inc. | Reduce -32.5% | 0.03% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -15.8% | 0.05% | −0.01 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Reduce -8.7% | 0.03% | −0.01 |
| JMST JPM Ultra-Short Muni Income | Reduce -34.2% | 0.02% | −0.01 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.5% | 0.46% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.01 |
| ICSH iShares Ultra Short Duration | Reduce -27.1% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -0.4% | 0.04% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -29.7% | 0.04% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -1.0% | 0.49% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.4% | 0.44% | −0.01 |
| GIS General Mills Inc. | Reduce -2.6% | 0.05% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -14.9% | 0.02% | −0.01 |
| VONE Vanguard Russell 1000 | Reduce -2.1% | 0.37% | −0.01 |
| T AT&T Inc. | Reduce -15.0% | 0.01% | −0.01 |
| INTC Intel Corp. | Reduce -21.1% | 0.03% | −0.01 |
| ABT Abbott Laboratories | Reduce -10.1% | 0.02% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 0.11% | −0.00 |
| CI The Cigna Group | Reduce -0.1% | 0.06% | −0.00 |
| CVX Chevron Corp. | Reduce -7.2% | 0.03% | −0.00 |
| DIS The Walt Disney Co. | Reduce -17.6% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -7.6% | 0.02% | −0.00 |
| CMG Chipotle Mexican Grill Inc. | Reduce -3.1% | 0.03% | −0.00 |
| UPS United Parcel Service Class B | Reduce -33.3% | 0.01% | −0.00 |
| LYFT LYFT Inc. Class A | Reduce -0.1% | 0.02% | −0.00 |
| TSLA Tesla Inc. | Reduce -3.2% | 0.07% | −0.00 |
| BGS B&G Foods Inc. | Sold out | 0.00% | −0.00 |
| ALL Allstate Corp. | Reduce -2.5% | 0.02% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -0.6% | 0.95% | −0.00 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.1% | 0.04% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -3.3% | 0.02% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| DFAC Dimensional US Core Equity 2 | Add +1.8% | 11.56% | +0.31 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.4% | 17.11% | +0.30 |
| VOO Vanguard S&P 500 ETF | Add +64.5% | 0.13% | +0.05 |
| ACN Accenture PLC Class A | Add +88.1% | 0.08% | +0.04 |
| NFRA NT GLBL BRD Infra ETF | Add +6.3% | 7.38% | +0.04 |
| IXUS iShares Core Intl Stock ETF | Add +0.1% | 4.13% | +0.03 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +29.5% | 0.12% | +0.03 |
| CAOS Alpha Architect Tail Risk | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +70.2% | 0.03% | +0.02 |
| FCX Freeport-McMoran Inc. | New | 0.02% | +0.02 |
| EQX Equinox Gold Corp. | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +1.3% | 0.09% | +0.01 |
| MCHI iShares MSCI China ETF | New | 0.01% | +0.01 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.01% | +0.01 |
| MS Morgan Stanley | New | 0.01% | +0.01 |
| BBWI Bath & Body Works Inc. | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +7.2% | 0.04% | +0.01 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.01% | +0.01 |
| CCL Carnival Corp. | New | 0.01% | +0.01 |
| BND Vanguard Total Bond Market | Add +2.3% | 6.97% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.3% | 1.70% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.04% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +18.2% | 0.03% | +0.01 |
| JNJ Johnson & Johnson | Add +0.3% | 0.05% | +0.00 |
| CEG Constellation Energy | Add +20.2% | 0.02% | +0.00 |
| GLD SPDR Gold Shares | Add +2.1% | 0.03% | +0.00 |
| BA The Boeing Co. | Add +20.6% | 0.02% | +0.00 |
| AMGN Amgen Inc. | Add +0.3% | 0.03% | +0.00 |
| KO The Coca-Cola Co. | Add +1.7% | 0.06% | +0.00 |
| AVRE Avantis Real Estate ETF | Add +4.3% | 0.74% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.02% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +9.6% | 0.02% | +0.00 |
| ADX Adams Diversified Equity | Add +1.1% | 0.05% | +0.00 |
| F Ford Motor Co. | Add +1.6% | 0.02% | +0.00 |
| XLV SS Health Care Select Sector | Add +5.2% | 0.01% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +4.6% | 0.04% | +0.00 |
| KMX Carmax Inc. | Add +28.6% | 0.02% | +0.00 |
| GEV GE Vernova Inc. | Add +0.8% | 0.02% | +0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +4.2% | 0.03% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.2% | 0.47% | +0.00 |
| CBOE Cboe Global Markets Inc. | Add +0.0% | 0.15% | +0.00 |
| DFAU Dimensional US Core Equity M | Add +0.0% | 0.15% | +0.00 |
| SLQT Selectquote Inc. | New | 0.00% | +0.00 |
| UHG United Homes Group Inc. | New | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +0.6% | 0.01% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +1.0% | 0.05% | +0.00 |
| PEP Pepsico Inc. | Add +1.7% | 0.03% | +0.00 |
| BYND Beyond Meat Inc. | New | 0.00% | +0.00 |
| STRIVE INC | New | 0.00% | +0.00 |
Options Activity Q3 2025 → Q4 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |