Kapstone Financial Advisors LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), Kapstone Financial Advisors LLC reported 108 stock positions worth $152.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 14.7% of the portfolio, followed by Apple (AAPL, 12.6%) and iShares Core High Dividend E (HDV, 7.5%). Compared with Q1 2024, it opened 11 new positions, sold out of 5, added to 22 and reduced 37. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7%) and the biggest sale an exit from Chipotle Mexican Grill (CMG).

Most Recent 13F
Q2 2026
Location
LEBANON, OH
CIK
0001966087
Portfolio Value
$152.5M (Q2 2024)
SEC Filing
0001951757-24-000641 ↗ filed Aug 2, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $146.9M Q1 2024 Q2 2024: $152.5M $152.5M Q2 2024 Q3 2024: $165.0M Q3 2024 Q4 2024: $187.4M Q4 2024 Q1 2025: $176.8M Q1 2025 Q2 2025: $200.5M Q2 2025 Q3 2025: $212.3M Q3 2025 Q4 2025: $201.2M Q4 2025 Q1 2026: $204.1M Q1 2026 Q2 2026: $238.8M Q2 2026

Holdings 108 stocks · $152.5M
IVV iShares Core S&P 500 ETF 14.74% 41,084 $22.5M Add +7.0%
AAPL Apple Inc. 12.61% 91,338 $19.2M Reduce -0.1%
HDV iShares Core High Dividend E 7.49% 105,117 $11.4M Add +1.9%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 6.44% 7,130 $9.8M Add +2.2%
PG The Procter & Gamble Co. 3.61% 33,358 $5.5M Reduce -4.6%
META Meta Platforms Inc. Class A 3.06% 9,255 $4.7M Reduce -0.8%
MSFT Microsoft Corp. 2.88% 9,833 $4.4M Add +4.7%
VYM Vanguard High DVD Yield ETF 2.51% 32,269 $3.8M Reduce -1.7%
GOOGL Alphabet Inc. Class A 2.13% 17,872 $3.3M Reduce -1.6%
DVY iShares Select Dividend ETF 1.80% 22,715 $2.7M Reduce -2.4%
IVW iShares S&P 500 Growth ETF 1.79% 29,586 $2.7M No change
IWF iShares Russell 1000 Growth 1.77% 7,426 $2.7M Reduce -0.1%
NVDA Nvidia Corp. 1.60% 19,800 $2.4M Add +3.8%
ABBV Abbvie Inc. 1.58% 14,045 $2.4M Add +1.5%
JPM JPMorgan Chase & Co. 1.24% 9,346 $1.9M Add +2.5%
BRK.B Berkshire Hathaway Inc. Class B 1.21% 4,527 $1.8M Add +2.6%
FTCS First Trust Capital Strength 1.19% 21,583 $1.8M Reduce -0.8%
GOOG Alphabet Inc. Class C 1.19% 9,873 $1.8M Add +2.1%
QQQ Invesco QQQ Trust Series 1 1.12% 3,557 $1.7M Add +3.3%
AMZN Amazon.com Inc. 1.01% 7,985 $1.5M No change
DGRO iShares Core Dividend Growth 0.96% 25,362 $1.5M Reduce -0.5%
GS Goldman Sachs Group Inc. 0.90% 3,036 $1.4M New
XOM Exxon Mobil Corp. 0.89% 11,783 $1.4M Add +8.2%
FTGS First Trust Grwth Strgth ETF 0.85% 42,333 $1.3M Add +26.1%
MPC Marathon Petroleum Corp. 0.83% 7,266 $1.3M No change
XLE SS Energy Select Sector 0.83% 13,812 $1.3M Reduce -1.1%
LCNB LCNB Corporation 0.81% 88,407 $1.2M Reduce -1.5%
MRK Merck & Co. Inc. 0.80% 9,896 $1.2M Add +2.7%
JNJ Johnson & Johnson 0.75% 7,845 $1.1M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.64% 1,791 $975K Reduce -2.0%
ELV Elevance Health Inc. 0.60% 1,696 $919K Add +2.4%
PAYX Paychex Inc. 0.59% 7,530 $893K Add +1.5%
CSCO Cisco Systems Inc. 0.54% 17,432 $828K Reduce -11.1%
V Visa Inc. Class A 0.53% 3,075 $807K Reduce -1.0%
MLM Martin Marietta Materials 0.51% 1,437 $779K No change
PLTR Palantir Technologies Inc. Class A 0.49% 29,780 $754K Add +6.6%
PM Philip Morris International 0.48% 7,194 $729K Add +68.4%
RDVY First Trust Rising Dividend 0.47% 13,014 $713K No change
VMC Vulcan Materials Co. 0.46% 2,838 $706K No change
CVX Chevron Corp. 0.44% 4,255 $666K Reduce -1.0%
LMT Lockheed Martin Corp. 0.43% 1,413 $660K Add +4.4%
CRM Salesforce Inc. 0.43% 2,532 $651K Reduce -5.2%
DUK Duke Energy Corp. 0.42% 6,393 $641K Reduce -0.7%
RSPT Invesco S&P 500 Equal Weight 0.42% 17,280 $633K No change
CSX CSX Corp. 0.41% 18,778 $628K Reduce -1.1%
MO Altria Group Inc. 0.41% 13,759 $627K Reduce -3.5%
ADI Analog Devices Inc. 0.41% 2,734 $624K No change
BRK.A Berkshire Hathaway Inc. Class A 0.40% 1 $612K No change
HD Home Depot Inc. 0.39% 1,741 $599K No change
HBAN Huntington Bancshares Inc. 0.35% 40,122 $529K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.34% 5,788 $519K No change
SDY SS SPDR S&P Dividend ETF 0.34% 4,063 $517K No change
RSPH Invesco S&P 500 Equal Weight 0.33% 16,830 $505K Reduce -1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 12,622 $502K No change
ISRG Intuitive Surgical Inc. 0.33% 1,122 $499K No change
KO The Coca-Cola Co. 0.32% 7,684 $489K Add +6.2%
DHI D.R. Horton Inc. 0.31% 3,365 $474K No change
LLY Eli Lilly & Co. 0.30% 510 $462K Add +9.7%
CAH Cardinal Health Inc. 0.30% 4,646 $457K Add +5.2%
SO The Southern Co. 0.30% 5,886 $457K Reduce -1.1%
BMY Bristol-Myers Squibb Co. 0.28% 10,246 $426K Reduce -11.3%
TSLA Tesla Inc. 0.27% 2,073 $410K Reduce -4.7%
MINT PIMCO Enhanced Short Maturit 0.27% 4,040 $407K No change
MU Micron Technology Inc. 0.26% 3,025 $398K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 3,816 $379K Reduce -17.4%
DAL Delta Air Lines Inc. 0.24% 7,821 $371K No change
NOBL Proshares S&P 500 Dividend A 0.24% 3,848 $370K Reduce -35.2%
LW Lamb Weston Holdings Inc. 0.24% 4,388 $369K No change
KMB Kimberly-Clark Corp. 0.24% 2,653 $367K Add +8.9%
BA The Boeing Co. 0.24% 2,004 $365K Reduce -10.0%
FDX FedEx Corp. 0.23% 1,188 $356K No change
CAG Conagra Brands Inc. 0.22% 11,934 $339K Reduce -0.9%
F Ford Motor Co. filed as FORD MTR CO DEL 0.22% 26,995 $339K No change
CMI Cummins Inc. 0.22% 1,222 $338K No change
VZ Verizon Communications Inc. 0.21% 7,749 $320K Reduce -7.9%
CINF Cincinnati Financial Corp. 0.21% 2,668 $315K No change
PGR Progressive Corp. 0.20% 1,470 $305K No change
MA Mastercard Inc. Class A 0.20% 692 $305K No change
LOW Lowe's Cos Inc. 0.20% 1,361 $300K No change
KR Kroger Co. 0.20% 5,997 $299K No change
PEP Pepsico Inc. 0.19% 1,790 $295K Reduce -1.4%
NVS Novartis AG-Sponsored ADR 0.19% 2,695 $287K No change
AXP American Express Co. 0.19% 1,227 $284K Reduce -6.0%
QTEC First Trust Nasdq 100 Tech I 0.18% 1,388 $274K Reduce -7.0%
MCD McDonald's Corp. 0.17% 1,018 $259K Reduce -1.6%
DTD Wisdomtree US Total Dividend 0.16% 3,500 $248K No change
NKE Nike Inc. Class B 0.16% 3,280 $247K No change
CVS CVS Health Corp. 0.15% 3,995 $236K Reduce -24.9%
QCOM Qualcomm Inc. 0.15% 1,175 $234K New
VTI VG Morningstar TS MKT ETF-US 0.15% 845 $226K No change
FITB Fifth Third Bancorp 0.15% 6,118 $223K Reduce -24.6%
WMT Walmart Inc. 0.15% 3,297 $223K New
IJR iShares Core S&P Small-Cap E 0.15% 2,093 $223K No change
MCK McKesson Corp. 0.14% 377 $220K Reduce -0.8%
QYLD Global X Nasd 100 Cov Call 0.14% 12,392 $219K New
UNP Union Pacific Corp. 0.14% 930 $210K No change
IWB iShares Russell 1000 ETF 0.14% 700 $208K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.14% 3,747 $208K New
AZN Astrazeneca PLC-Spons ADR 0.13% 2,618 $204K New
NUE Nucor Corp. 0.13% 1,290 $204K No change
VLO Valero Energy Corp. 0.13% 1,294 $203K No change
XLF SS Financial Select Sector 0.13% 4,924 $202K Reduce -13.7%
XFOFX Cohen & Steers Closed-End Op 0.09% 11,650 $139K New
THW Abrdn World Healthcare Fund 0.09% 10,500 $138K New
BDJ BlackRock Enhanced Eqty DVD 0.06% 10,911 $89K New
ASG Liberty All-Star Growth FD 0.05% 15,602 $83K New
ETW Eaton Vance T/M GLBL Buy-WR 0.05% 10,035 $83K No change
GAB Gabelli Equity Trust 0.04% 11,650 $61K New

Portfolio Sells Q1 2024 → Q2 2024
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.69
PG The Procter & Gamble Co. Reduce -4.6% 3.61% −0.26
VYM Vanguard High DVD Yield ETF Reduce -1.7% 2.51% −0.19
LCNB LCNB Corporation Reduce -1.5% 0.81% −0.17
NOBL Proshares S&P 500 Dividend A Reduce -35.2% 0.24% −0.17
PFE Pfizer Inc. Sold out 0.00% −0.16
NSC Norfolk Southern Corp. Sold out 0.00% −0.15
BX Blackstone Inc. Sold out 0.00% −0.15
DVY iShares Select Dividend ETF Reduce -2.4% 1.80% −0.15
BMY Bristol-Myers Squibb Co. Reduce -11.3% 0.28% −0.15
COP Conocophillips Sold out 0.00% −0.14
DIS The Walt Disney Co. Reduce -17.4% 0.25% −0.14
CVS CVS Health Corp. Reduce -24.9% 0.15% −0.13
CSCO Cisco Systems Inc. Reduce -11.1% 0.54% −0.12
CRM Salesforce Inc. Reduce -5.2% 0.43% −0.12
JNJ Johnson & Johnson Reduce -0.8% 0.75% −0.10
FTCS First Trust Capital Strength Reduce -0.8% 1.19% −0.08
XLE SS Energy Select Sector Reduce -1.1% 0.83% −0.07
CSX CSX Corp. Reduce -1.1% 0.41% −0.07
V Visa Inc. Class A Reduce -1.0% 0.53% −0.06
FITB Fifth Third Bancorp Reduce -24.6% 0.15% −0.06
BA The Boeing Co. Reduce -10.0% 0.24% −0.05
DGRO iShares Core Dividend Growth Reduce -0.5% 0.96% −0.05
RSPH Invesco S&P 500 Equal Weight Reduce -1.2% 0.33% −0.04
VZ Verizon Communications Inc. Reduce -7.9% 0.21% −0.03
XLF SS Financial Select Sector Reduce -13.7% 0.13% −0.03
MCD McDonald's Corp. Reduce -1.6% 0.17% −0.03
CVX Chevron Corp. Reduce -1.0% 0.44% −0.03
META Meta Platforms Inc. Class A Reduce -0.8% 3.06% −0.02
PEP Pepsico Inc. Reduce -1.4% 0.19% −0.02
CAG Conagra Brands Inc. Reduce -0.9% 0.22% −0.02
AXP American Express Co. Reduce -6.0% 0.19% −0.02
QTEC First Trust Nasdq 100 Tech I Reduce -7.0% 0.18% −0.01
MO Altria Group Inc. Reduce -3.5% 0.41% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.0% 0.64% −0.01
DUK Duke Energy Corp. Reduce -0.7% 0.42% −0.00
MCK McKesson Corp. Reduce -0.8% 0.14% +0.01
TSLA Tesla Inc. Reduce -4.7% 0.27% +0.01
SO The Southern Co. Reduce -1.1% 0.30% +0.01
IWF iShares Russell 1000 Growth Reduce -0.1% 1.77% +0.07
GOOGL Alphabet Inc. Class A Reduce -1.6% 2.13% +0.27
AAPL Apple Inc. Reduce -0.1% 12.61% +1.94

Portfolio Buys Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF Add +7.0% 14.74% +0.99
GS Goldman Sachs Group Inc. New 0.90% +0.90
NVDA Nvidia Corp. Add +3.8% 1.60% +0.43
PM Philip Morris International Add +68.4% 0.48% +0.21
MSFT Microsoft Corp. Add +4.7% 2.88% +0.19
GOOG Alphabet Inc. Class C Add +2.1% 1.19% +0.18
QCOM Qualcomm Inc. New 0.15% +0.15
WMT Walmart Inc. New 0.15% +0.15
FTGS First Trust Grwth Strgth ETF Add +26.1% 0.85% +0.15
QYLD Global X Nasd 100 Cov Call New 0.14% +0.14
JEPQ JPM Nasdaq Equity Premium New 0.14% +0.14
AZN Astrazeneca PLC-Spons ADR New 0.13% +0.13
XFOFX Cohen & Steers Closed-End Op New 0.09% +0.09
THW Abrdn World Healthcare Fund New 0.09% +0.09
QQQ Invesco QQQ Trust Series 1 Add +3.3% 1.12% +0.08
BDJ BlackRock Enhanced Eqty DVD New 0.06% +0.06
PLTR Palantir Technologies Inc. Class A Add +6.6% 0.49% +0.06
LLY Eli Lilly & Co. Add +9.7% 0.30% +0.06
ASG Liberty All-Star Growth FD New 0.05% +0.05
GAB Gabelli Equity Trust New 0.04% +0.04
XOM Exxon Mobil Corp. Add +8.2% 0.89% +0.03
KMB Kimberly-Clark Corp. Add +8.9% 0.24% +0.03
KO The Coca-Cola Co. Add +6.2% 0.32% +0.02
ELV Elevance Health Inc. Add +2.4% 0.60% +0.02
LMT Lockheed Martin Corp. Add +4.4% 0.43% +0.01
JPM JPMorgan Chase & Co. Add +2.5% 1.24% −0.00
PAYX Paychex Inc. Add +1.5% 0.59% −0.03
CAH Cardinal Health Inc. Add +5.2% 0.30% −0.04
BRK.B Berkshire Hathaway Inc. Class B Add +2.6% 1.21% −0.06
MRK Merck & Co. Inc. Add +2.7% 0.80% −0.06
ABBV Abbvie Inc. Add +1.5% 1.58% −0.14
HDV iShares Core High Dividend E Add +1.9% 7.49% −0.25
MSTR Strategy Inc. Add +2.2% 6.44% −1.65

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 175$238.8MIVV, AAPL, HDV, IVW, QQQ
Q1 2026 154$204.1MIVV, AAPL, HDV, PLTR, IVW
Q4 2025 133$201.2MIVV, AAPL, HDV, PLTR, META
Q3 2025 122$212.3MIVV, MSTR, AAPL, HDV, PLTR
Q2 2025 120$200.5MIVV, MSTR, AAPL, HDV, META
Q1 2025 112$176.8MIVV, MSTR, AAPL, HDV, PG
Q4 2024 114$187.4MIVV, MSTR, AAPL, HDV, META
Q3 2024 108$165.0MIVV, AAPL, MSTR, HDV, PG
Q2 2024 108$152.5MIVV, AAPL, HDV, MSTR, PG
Q1 2024 102$146.9MIVV, AAPL, MSTR, HDV, PG