Kapstone Financial Advisors LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Kapstone Financial Advisors LLC reported 175 stock positions worth $238.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 19.2% of the portfolio, followed by Apple (AAPL, 7.5%) and iShares Core High Dividend E (HDV, 5.7%). Compared with Q1 2026, it opened 27 new positions, sold out of 6, added to 45 and reduced 50. The biggest buy was iShares S&P 500 Growth ETF (IVW, shares +15%) and the biggest sale Chevron (CVX, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- LEBANON, OH
- CIK
- 0001966087
- Portfolio Value
- $238.8M (Q2 2026)
- SEC Filing
- 0001951757-26-001162 ↗ filed Aug 7, 2026
Holdings Value
Holdings 175 stocks · $238.8M
| IVV iShares Core S&P 500 ETF | 19.23% | 61,329 | $45.9M | Add +3.1% |
| AAPL Apple Inc. | 7.51% | 61,991 | $17.9M | Reduce -1.9% |
| HDV iShares Core High Dividend E | 5.72% | 498,717 | $13.7M | Add +0.4% |
| IVW iShares S&P 500 Growth ETF | 3.10% | 53,760 | $7.4M | Add +15.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.30% | 7,460 | $5.5M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 2.22% | 14,812 | $5.3M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 2.08% | 33,936 | $5.0M | Add +5.5% |
| PLTR Palantir Technologies Inc. Class A | 2.08% | 42,616 | $5.0M | Add +4.7% |
| VYM Vanguard High DVD Yield ETF | 1.93% | 29,163 | $4.6M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 1.91% | 8,110 | $4.6M | Reduce -4.3% |
| MSFT Microsoft Corp. | 1.88% | 12,065 | $4.5M | Add +6.8% |
| NVDA Nvidia Corp. | 1.71% | 20,357 | $4.1M | Add +0.3% |
| ABBV Abbvie Inc. | 1.61% | 15,264 | $3.8M | Add +12.1% |
| IWF iShares Russell 1000 Growth | 1.52% | 29,236 | $3.6M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 1.38% | 9,308 | $3.3M | Reduce -0.3% |
| DVY iShares Select Dividend ETF | 1.37% | 20,948 | $3.3M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.30% | 9,463 | $3.1M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 6,093 | $3.0M | Reduce -2.8% |
| IBIT iShares Bitcoin Trust ETF | 1.08% | 77,664 | $2.6M | Add +28.6% |
| MU Micron Technology Inc. | 1.06% | 2,197 | $2.5M | Reduce -16.4% |
| FENI Fidelity Enhanced Intl ETF | 0.92% | 54,777 | $2.2M | Add +21.7% |
| AMZN Amazon.com Inc. | 0.91% | 9,142 | $2.2M | Add +0.9% |
| JNJ Johnson & Johnson | 0.89% | 8,363 | $2.1M | Add +11.8% |
| XOM Exxon Mobil Corp. | 0.88% | 15,357 | $2.1M | Add +19.9% |
| CSCO Cisco Systems Inc. | 0.87% | 17,643 | $2.1M | Add +5.3% |
| FTCS First Trust Capital Strength | 0.82% | 20,949 | $2.0M | Reduce -0.9% |
| DGRO iShares Core Dividend Growth | 0.75% | 23,729 | $1.8M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 2,300 | $1.7M | Add +1.4% |
| GS Goldman Sachs Group Inc. | 0.65% | 1,532 | $1.5M | Add +361.4% |
| RSPT Invesco S&P 500 Equal Weight | 0.64% | 23,540 | $1.5M | No change |
| LCNB LCNB Corporation | 0.63% | 85,667 | $1.5M | Reduce -0.5% |
| FTGS First Trust Grwth Strgth ETF | 0.60% | 38,992 | $1.4M | Reduce -1.5% |
| MSTR Strategy Inc. | 0.60% | 16,590 | $1.4M | Add +0.6% |
| PM Philip Morris International | 0.59% | 7,789 | $1.4M | Reduce -0.3% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.59% | 7,095 | $1.4M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.57% | 6,249 | $1.4M | Add +94.8% |
| CAH Cardinal Health Inc. | 0.57% | 5,719 | $1.4M | Add +1.3% |
| ADI Analog Devices Inc. | 0.54% | 3,252 | $1.3M | Add +0.3% |
| RDVY First Trust Rising Dividend | 0.51% | 15,149 | $1.2M | Reduce -3.0% |
| MRK Merck & Co. Inc. | 0.48% | 8,968 | $1.2M | No change |
| MPC Marathon Petroleum Corp. | 0.48% | 4,490 | $1.1M | Reduce -14.3% |
| KO The Coca-Cola Co. | 0.48% | 13,968 | $1.1M | Add +57.6% |
| V Visa Inc. Class A | 0.46% | 3,170 | $1.1M | Add +0.6% |
| MO Altria Group Inc. | 0.45% | 15,041 | $1.1M | Reduce -1.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 12,390 | $1.1M | Add +147.6% |
| COST Costco Wholesale Corp. | 0.44% | 1,122 | $1.0M | No change |
| SPMO Invesco S&P 500 Momentum ETF | 0.44% | 6,481 | $1.0M | Add +86.7% |
| LRCX Lam Research Corp. | 0.41% | 2,273 | $985K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.40% | 3,980 | $967K | Reduce -2.4% |
| UBER Uber Technologies Inc. | 0.39% | 13,039 | $941K | Reduce -11.2% |
| DUK Duke Energy Corp. | 0.39% | 7,339 | $929K | Reduce -0.2% |
| CMI Cummins Inc. | 0.36% | 1,222 | $871K | No change |
| FCOR Fidelity Corporate Bond ETF | 0.36% | 18,228 | $859K | Add +14.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.36% | 2,467 | $848K | Add +3.8% |
| CSX CSX Corp. | 0.35% | 17,515 | $832K | Reduce -6.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.31% | 1 | $749K | No change |
| LMT Lockheed Martin Corp. | 0.31% | 1,466 | $747K | Add +15.0% |
| SMH Vaneck Semiconductor ETF | 0.30% | 1,110 | $728K | Add +70.5% |
| AXON Axon Enterprise Inc. | 0.30% | 1,283 | $719K | Reduce -4.7% |
| HBAN Huntington Bancshares Inc. | 0.30% | 40,122 | $711K | No change |
| MOAT Vaneck Morningstar Wide Moat | 0.28% | 6,547 | $681K | Reduce -0.1% |
| CVX Chevron Corp. | 0.28% | 4,092 | $678K | Reduce -53.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.28% | 10,895 | $670K | Add +20.5% |
| MLM Martin Marietta Materials | 0.28% | 1,159 | $668K | Reduce -7.9% |
| VMC Vulcan Materials Co. | 0.27% | 2,225 | $656K | Reduce -7.3% |
| PAYX Paychex Inc. | 0.27% | 6,645 | $653K | Reduce -2.9% |
| CAT Caterpillar Inc. | 0.27% | 607 | $646K | No change |
| HD Home Depot Inc. | 0.26% | 1,792 | $632K | Reduce -2.4% |
| GLD SPDR Gold Shares | 0.25% | 1,620 | $597K | Add +32.7% |
| BAC Bank of America Corp. | 0.25% | 10,452 | $596K | Reduce -2.5% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.25% | 4,676 | $591K | Reduce -5.6% |
| SDY SS SPDR S&P Dividend ETF | 0.24% | 3,806 | $579K | No change |
| GRID First TRST Nasd Class Edg Sgiif | 0.24% | 3,003 | $576K | Add +19.6% |
| NBIS Nebius Group NV | 0.23% | 2,000 | $552K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 2,279 | $539K | New |
| FBTC Fidelity Wise Origin Bitcoin | 0.22% | 10,505 | $536K | Reduce -10.6% |
| AXP American Express Co. | 0.22% | 1,572 | $532K | Add +0.5% |
| SO The Southern Co. | 0.22% | 5,415 | $518K | Reduce -3.3% |
| FVD First Trust Value Line DVD | 0.21% | 10,424 | $502K | Reduce -2.1% |
| ISRG Intuitive Surgical Inc. | 0.20% | 1,230 | $489K | Reduce -1.4% |
| GLW Corning Inc. | 0.20% | 1,908 | $487K | No change |
| CINF Cincinnati Financial Corp. | 0.20% | 2,539 | $470K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.19% | 869 | $454K | No change |
| XLE SS Energy Select Sector | 0.19% | 8,383 | $445K | Add +2.5% |
| QTEC First Trust Nasdq 100 Tech I | 0.19% | 1,330 | $445K | Reduce -3.1% |
| DHI D.R. Horton Inc. | 0.18% | 2,640 | $430K | No change |
| NVS Novartis AG-Sponsored ADR | 0.18% | 2,695 | $422K | No change |
| LLY Eli Lilly & Co. | 0.18% | 351 | $421K | Add +39.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 1,129 | $418K | No change |
| VUSB Vanguard Ultra Short Bond Et | 0.17% | 8,280 | $412K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.17% | 4,191 | $405K | Reduce -3.5% |
| DAL Delta Air Lines Inc. | 0.17% | 4,292 | $402K | No change |
| AMAT Applied Materials Inc. | 0.16% | 540 | $390K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.16% | 4,744 | $382K | New |
| IYY iShares Dow Jones U.S. ETF | 0.16% | 2,051 | $374K | No change |
| XAGDX Abrdn GLBL DYNM Divid | 0.16% | 30,640 | $371K | Add +7.0% |
| MYI BlackRock Muniyield QLTY III | 0.15% | 33,145 | $368K | Reduce -14.2% |
| CRWV Coreweave Inc. Class A | 0.15% | 3,535 | $352K | Add +1.4% |
| C Citigroup Inc. | 0.15% | 2,508 | $351K | No change |
| MA Mastercard Inc. Class A | 0.15% | 677 | $348K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| CVX Chevron Corp. | Reduce -53.9% | 0.28% | −0.62 |
| META Meta Platforms Inc. Class A | Reduce -4.3% | 1.91% | −0.46 |
| AAPL Apple Inc. | Reduce -1.9% | 7.51% | −0.35 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.1% | 1.93% | −0.21 |
| DVY iShares Select Dividend ETF | Reduce -0.9% | 1.37% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.8% | 1.28% | −0.19 |
| MPC Marathon Petroleum Corp. | Reduce -14.3% | 0.48% | −0.15 |
| FTCS First Trust Capital Strength | Reduce -0.9% | 0.82% | −0.14 |
| UBER Uber Technologies Inc. | Reduce -11.2% | 0.39% | −0.12 |
| COP Conocophillips | Sold out | 0.00% | −0.12 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -10.6% | 0.22% | −0.12 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.11 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.10 |
| HQL Abrdn Life Sciences Investor | Sold out | 0.00% | −0.09 |
| MLM Martin Marietta Materials | Reduce -7.9% | 0.28% | −0.08 |
| DUK Duke Energy Corp. | Reduce -0.2% | 0.39% | −0.08 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -1.4% | 0.20% | −0.08 |
| FTGS First Trust Grwth Strgth ETF | Reduce -1.5% | 0.60% | −0.06 |
| WMT Walmart Inc. | Reduce -8.0% | 0.13% | −0.05 |
| SO The Southern Co. | Reduce -3.3% | 0.22% | −0.05 |
| VMC Vulcan Materials Co. | Reduce -7.3% | 0.27% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.2% | 0.14% | −0.05 |
| MYI BlackRock Muniyield QLTY III | Reduce -14.2% | 0.15% | −0.04 |
| PM Philip Morris International | Reduce -0.3% | 0.59% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.12% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -1.7% | 0.10% | −0.04 |
| MO Altria Group Inc. | Reduce -1.1% | 0.45% | −0.04 |
| USA Liberty All Star Equity Fund | Sold out | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -7.7% | 0.10% | −0.04 |
| PAYX Paychex Inc. | Reduce -2.9% | 0.27% | −0.04 |
| FVD First Trust Value Line DVD | Reduce -2.1% | 0.21% | −0.04 |
| HD Home Depot Inc. | Reduce -2.4% | 0.26% | −0.03 |
| NOBL Proshares S&P 500 Dividend A | Reduce -9.5% | 0.13% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.4% | 0.40% | −0.03 |
| CSX CSX Corp. | Reduce -6.4% | 0.35% | −0.03 |
| LCNB LCNB Corporation | Reduce -0.5% | 0.63% | −0.03 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.1% | 0.28% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.5% | 0.17% | −0.02 |
| BX Blackstone Inc. | Reduce -3.8% | 0.10% | −0.02 |
| DTD Wisdomtree US Total Dividend | Reduce -2.5% | 0.13% | −0.01 |
| F Ford Motor Co. | Reduce -12.2% | 0.12% | −0.01 |
| GOF Guggenheim Strategic Opport | Reduce -3.5% | 0.06% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -0.3% | 1.52% | −0.01 |
| RDVY First Trust Rising Dividend | Reduce -3.0% | 0.51% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.5% | 0.25% | −0.01 |
| XSSPX Nuveen S&P 500 Dynam Overwr | Reduce -0.0% | 0.10% | −0.00 |
| IRM Iron Mountain Inc. | Reduce -5.6% | 0.25% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.6% | 0.11% | +0.00 |
| FITB Fifth Third Bancorp | Reduce -1.6% | 0.15% | +0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| IVW iShares S&P 500 Growth ETF | Add +15.4% | 3.10% | +0.51 |
| GS Goldman Sachs Group Inc. | Add +361.4% | 0.65% | +0.51 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.2% | 2.30% | +0.28 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +147.6% | 0.45% | +0.27 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +94.8% | 0.57% | +0.26 |
| SPMO Invesco S&P 500 Momentum ETF | Add +86.7% | 0.44% | +0.25 |
| CSCO Cisco Systems Inc. | Add +5.3% | 0.87% | +0.23 |
| VIG Vanguard Dividend Apprec ETF | New | 0.23% | +0.23 |
| IVV iShares Core S&P 500 ETF | Add +3.1% | 19.23% | +0.19 |
| SMH Vaneck Semiconductor ETF | Add +70.5% | 0.30% | +0.18 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.17% | +0.17 |
| AMAT Applied Materials Inc. | New | 0.16% | +0.16 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.16% | +0.16 |
| ABBV Abbvie Inc. | Add +12.1% | 1.61% | +0.16 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.15% | +0.15 |
| KO The Coca-Cola Co. | Add +57.6% | 0.48% | +0.15 |
| AMD Advanced Micro Devices | New | 0.14% | +0.14 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.13% | +0.13 |
| SPYI Neos S&P 500 High Income ETF | New | 0.12% | +0.12 |
| STX Seagate Technology Holdings | New | 0.12% | +0.12 |
| BUZZ Vaneck Social Sentiment ETF | New | 0.11% | +0.11 |
| BSV Vanguard Short-Term Bond ETF | New | 0.11% | +0.11 |
| PWB Invesco Large Cap Growth ETF | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | New | 0.10% | +0.10 |
| VHT Vanguard Health Care ETF | New | 0.10% | +0.10 |
| FENI Fidelity Enhanced Intl ETF | Add +21.7% | 0.92% | +0.10 |
| FLY Firefly Aerospace Inc. | New | 0.10% | +0.10 |
| ELV Elevance Health Inc. | New | 0.10% | +0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.10% | +0.10 |
| VWO Vanguard Ftse Emerging Marke | New | 0.10% | +0.10 |
| MS Morgan Stanley | New | 0.10% | +0.10 |
| AZN Astrazeneca PLC | New | 0.09% | +0.09 |
| ETN Eaton Corp. PLC | New | 0.09% | +0.09 |
| GE General Electric | New | 0.09% | +0.09 |
| FBT First Trust Nyse Arca Biotec | New | 0.09% | +0.09 |
| IMCB iShares Morningstar Mid-Cap | New | 0.09% | +0.09 |
| ORCL Oracle Corp. | New | 0.08% | +0.08 |
| PNC PNC Financial Services Group | New | 0.08% | +0.08 |
| HGLB Highland Global Allocation | New | 0.07% | +0.07 |
| LLY Eli Lilly & Co. | Add +39.3% | 0.18% | +0.06 |
| QQQI Neos Nasdaq-100 High Inc. ETF | Add +48.5% | 0.14% | +0.04 |
| GRID First TRST Nasd Class Edg Sgiif | Add +19.6% | 0.24% | +0.04 |
| ADI Analog Devices Inc. | Add +0.3% | 0.54% | +0.04 |
| JEPQ JPM Nasdaq Equity Premium | Add +20.5% | 0.28% | +0.03 |
| CRWV Coreweave Inc. Class A | Add +1.4% | 0.15% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +3.8% | 0.36% | +0.01 |
| XAGDX Abrdn GLBL DYNM Divid | Add +7.0% | 0.16% | +0.00 |
| RTX RTX Corp. | Add +21.8% | 0.13% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.4% | 0.72% | −0.00 |
| GAB Gabelli Equity Trust | Add +9.8% | 0.08% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 175 | $238.8M | IVV, AAPL, HDV, IVW, QQQ |
| Q1 2026 | 154 | $204.1M | IVV, AAPL, HDV, PLTR, IVW |
| Q4 2025 | 133 | $201.2M | IVV, AAPL, HDV, PLTR, META |
| Q3 2025 | 122 | $212.3M | IVV, MSTR, AAPL, HDV, PLTR |
| Q2 2025 | 120 | $200.5M | IVV, MSTR, AAPL, HDV, META |
| Q1 2025 | 112 | $176.8M | IVV, MSTR, AAPL, HDV, PG |
| Q4 2024 | 114 | $187.4M | IVV, MSTR, AAPL, HDV, META |
| Q3 2024 | 108 | $165.0M | IVV, AAPL, MSTR, HDV, PG |
| Q2 2024 | 108 | $152.5M | IVV, AAPL, HDV, MSTR, PG |
| Q1 2024 | 102 | $146.9M | IVV, AAPL, MSTR, HDV, PG |