Kapstone Financial Advisors LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), Kapstone Financial Advisors LLC reported 154 stock positions worth $204.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 19.0% of the portfolio, followed by Apple (AAPL, 7.9%) and iShares Core High Dividend E (HDV, 6.6%). Compared with Q4 2025, it opened 32 new positions, sold out of 11, added to 57 and reduced 26. The biggest buy was a new position in Fidelity Enhanced Intl ETF (FENI) and the biggest sale Apple (AAPL, shares −24%).

Most Recent 13F
Q2 2026
Location
LEBANON, OH
CIK
0001966087
Portfolio Value
$204.1M (Q1 2026)
SEC Filing
0001951757-26-000688 ↗ filed Apr 22, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $146.9M Q1 2024 Q2 2024: $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 $204.1M Q1 2026 Q2 2026: $238.8M Q2 2026

Holdings 154 stocks · $204.1M
IVV iShares Core S&P 500 ETF 19.04% 59,504 $38.9M Add +2.4%
AAPL Apple Inc. 7.86% 63,195 $16.0M Reduce -24.3%
HDV iShares Core High Dividend E 6.60% 99,322 $13.5M Add +0.1%
PLTR Palantir Technologies Inc. Class A 2.92% 40,689 $6.0M Add +3.5%
IVW iShares S&P 500 Growth ETF 2.58% 46,579 $5.3M Add +2.8%
META Meta Platforms Inc. Class A 2.38% 8,478 $4.9M No change
PG The Procter & Gamble Co. 2.28% 32,170 $4.6M Add +5.2%
VYM Vanguard High DVD Yield ETF 2.14% 29,489 $4.4M Add +0.3%
GOOGL Alphabet Inc. Class A 2.11% 15,012 $4.3M Reduce -6.0%
MSFT Microsoft Corp. 2.05% 11,298 $4.2M Add +5.1%
QQQ Invesco QQQ Trust Series 1 2.02% 7,158 $4.1M Add +1.3%
NVDA Nvidia Corp. 1.73% 20,294 $3.5M Add +3.2%
DVY iShares Select Dividend ETF 1.57% 21,145 $3.2M Add +1.7%
IWF iShares Russell 1000 Growth 1.53% 7,333 $3.1M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 1.47% 6,267 $3.0M Add +5.1%
ABBV Abbvie Inc. 1.45% 13,622 $3.0M Reduce -0.9%
JPM JPMorgan Chase & Co. 1.32% 9,150 $2.7M Add +3.2%
GOOG Alphabet Inc. Class C 1.31% 9,339 $2.7M Reduce -1.9%
IBIT iShares Bitcoin Trust ETF 1.14% 60,413 $2.3M Add +47.5%
XOM Exxon Mobil Corp. 1.06% 12,814 $2.2M Add +7.5%
MSTR Strategy Inc. 1.01% 16,500 $2.1M Reduce -2.6%
FTCS First Trust Capital Strength 0.96% 21,140 $2.0M Add +0.1%
AMZN Amazon.com Inc. 0.92% 9,058 $1.9M Add +11.4%
CVX Chevron Corp. 0.90% 8,880 $1.8M Add +143.8%
JNJ Johnson & Johnson 0.90% 7,477 $1.8M Add +3.2%
FENI Fidelity Enhanced Intl ETF 0.82% 45,026 $1.7M New
DGRO iShares Core Dividend Growth 0.81% 23,508 $1.6M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.72% 2,268 $1.5M Reduce -3.2%
FTGS First Trust Grwth Strgth ETF 0.66% 39,594 $1.3M Reduce -4.0%
LCNB LCNB Corporation 0.66% 86,067 $1.3M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.64% 7,082 $1.3M New
CSCO Cisco Systems Inc. 0.64% 16,756 $1.3M Add +5.9%
PM Philip Morris International 0.63% 7,812 $1.3M Reduce -43.6%
MPC Marathon Petroleum Corp. 0.63% 5,240 $1.3M No change
CAH Cardinal Health Inc. 0.58% 5,646 $1.2M No change
COST Costco Wholesale Corp. 0.55% 1,122 $1.1M Add +7.2%
MRK Merck & Co. Inc. 0.53% 8,968 $1.1M Add +4.6%
RDVY First Trust Rising Dividend 0.52% 15,623 $1.1M Add +6.8%
RSPT Invesco S&P 500 Equal Weight 0.52% 23,540 $1.1M Add +36.2%
UBER Uber Technologies Inc. 0.52% 14,689 $1.1M Add +1.4%
ADI Analog Devices Inc. 0.51% 3,242 $1.0M Add +11.1%
MO Altria Group Inc. 0.49% 15,205 $1.0M Add +0.1%
DUK Duke Energy Corp. 0.47% 7,355 $963K Add +1.0%
V Visa Inc. Class A 0.47% 3,152 $953K Add +5.0%
MU Micron Technology Inc. 0.43% 2,628 $888K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.43% 4,077 $886K New
LMT Lockheed Martin Corp. 0.38% 1,275 $771K Add +13.2%
CSX CSX Corp. 0.38% 18,715 $768K No change
FCOR Fidelity Corporate Bond ETF 0.37% 15,915 $750K New
MLM Martin Marietta Materials 0.36% 1,258 $741K No change
BRK.A Berkshire Hathaway Inc. Class A 0.35% 1 $718K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.35% 2,376 $710K Add +162.8%
FBTC Fidelity Wise Origin Bitcoin 0.34% 11,750 $694K Add +2.8%
KO The Coca-Cola Co. 0.33% 8,863 $674K Add +7.6%
CMI Cummins Inc. 0.32% 1,222 $657K No change
VMC Vulcan Materials Co. 0.32% 2,400 $654K Reduce -4.2%
MOAT Vaneck Morningstar Wide Moat 0.31% 6,554 $634K New
PAYX Paychex Inc. 0.31% 6,845 $631K Reduce -2.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.31% 3,208 $629K New
HBAN Huntington Bancshares Inc. 0.31% 40,122 $628K No change
HD Home Depot Inc. 0.30% 1,836 $604K Add +5.9%
ISRG Intuitive Surgical Inc. 0.28% 1,248 $575K No change
AXON Axon Enterprise Inc. 0.28% 1,346 $572K Add +33.3%
SDY SS SPDR S&P Dividend ETF 0.27% 3,806 $555K No change
SO The Southern Co. 0.26% 5,601 $541K Reduce -1.1%
GLD SPDR Gold Shares 0.26% 1,221 $525K Add +6.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 10,722 $523K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.25% 4,952 $506K Reduce -2.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.25% 9,042 $502K Add +74.0%
XLE SS Energy Select Sector 0.25% 8,176 $501K No change
FVD First Trust Value Line DVD 0.25% 10,645 $501K New
LRCX Lam Research Corp. 0.24% 2,273 $486K Add +84.8%
AXP American Express Co. 0.23% 1,564 $473K Add +19.9%
CAT Caterpillar Inc. 0.21% 607 $430K New
NVS Novartis AG-Sponsored ADR 0.20% 2,695 $412K No change
GRID First TRST Nasd Class Edg Sgiif 0.20% 2,511 $411K New
MYI BlackRock Muniyield QLTY III 0.20% 38,625 $406K New
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.20% 869 $403K No change
CINF Cincinnati Financial Corp. 0.20% 2,539 $399K No change
IEFA iShares Core MSCI Eafe ETF 0.19% 4,341 $393K Add +4.4%
FDX FedEx Corp. 0.19% 1,099 $391K No change
SPMO Invesco S&P 500 Momentum ETF 0.19% 3,472 $389K New
BMY Bristol-Myers Squibb Co. 0.19% 6,375 $387K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.18% 834 $364K New
DHI D.R. Horton Inc. 0.18% 2,640 $362K Reduce -4.7%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,129 $362K Add +5.1%
KR Kroger Co. 0.18% 4,983 $361K No change
WMT Walmart Inc. 0.17% 2,869 $357K Add +29.8%
MA Mastercard Inc. Class A 0.17% 677 $338K Reduce -1.7%
MCD McDonald's Corp. 0.16% 1,082 $336K Add +24.6%
NOBL Proshares S&P 500 Dividend A 0.16% 3,169 $336K No change
IYY iShares Dow Jones U.S. ETF 0.16% 2,051 $325K Add +64.0%
XAGDX Abrdn GLBL DYNM Divid 0.15% 28,640 $309K Add +13.1%
XFOFX Cohen & Steers Closed-End Op 0.15% 23,690 $304K Add +10.8%
DTD Wisdomtree US Total Dividend 0.15% 3,500 $302K No change
PGR Progressive Corp. 0.15% 1,515 $300K No change
QTEC First Trust Nasdq 100 Tech I 0.15% 1,373 $297K Reduce -4.7%
VZ Verizon Communications Inc. 0.15% 5,901 $296K No change
HPF John Hancock Prefer Inc. II 0.14% 18,743 $293K New
IVE iShares S&P 500 Value ETF 0.14% 1,380 $291K Add +0.1%
FITB Fifth Third Bancorp 0.14% 6,245 $290K Add +2.9%
IWB iShares Russell 1000 ETF 0.14% 810 $289K No change
BA The Boeing Co. 0.14% 1,447 $288K Add +7.4%
DAL Delta Air Lines Inc. 0.14% 4,292 $285K Reduce -1.9%
MCK McKesson Corp. 0.14% 329 $285K Reduce -6.0%
C Citigroup Inc. 0.14% 2,508 $284K Add +0.1%
GS Goldman Sachs Group Inc. 0.14% 332 $281K New
QYLD Global X Nasd 100 Cov Call 0.14% 16,253 $279K Reduce -0.9%
LOW Lowe's Cos Inc. 0.13% 1,160 $274K No change
F Ford Motor Co. filed as FORD MTR CO 0.13% 23,516 $271K Reduce -53.5%
CRWV Coreweave Inc. Class A 0.13% 3,487 $270K Add +21.6%
FTQI First Trust Nasdaq Buywrite 0.13% 13,520 $269K Add +12.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 1,109 $269K New
BDJ BlackRock Enhanced Eqty DVD 0.13% 30,936 $267K No change
VLO Valero Energy Corp. 0.13% 1,069 $264K New
GLW Corning Inc. 0.13% 1,908 $259K New
RTX RTX Corp. 0.12% 1,308 $252K New
SMH Vaneck Semiconductor ETF 0.12% 651 $250K New
XLF SS Financial Select Sector 0.12% 4,989 $246K Reduce -1.3%
BX Blackstone Inc. 0.12% 2,081 $239K Add +8.9%
ED Consolidated Edison Inc. 0.12% 2,111 $239K No change
COP Conocophillips 0.12% 1,806 $238K New
FPX First Trust US Equity Opport 0.12% 1,481 $235K No change
LLY Eli Lilly & Co. 0.11% 252 $232K No change
EPD Enterprise Products Partners 0.11% 6,060 $229K New
IJR iShares Core S&P Small-Cap E 0.11% 1,825 $227K Reduce -4.2%
AEP American Electric Power 0.11% 1,723 $226K New
UNP Union Pacific Corp. 0.11% 930 $226K No change
NUE Nucor Corp. 0.11% 1,290 $218K No change
MDY State Street SPDR S&P Midcap 0.11% 352 $217K No change
GILD Gilead Sciences Inc. 0.11% 1,557 $217K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 2,233 $215K Reduce -1.1%
XYLD Global X S&P 500 Cove Call E 0.10% 5,476 $214K Add +4.7%
BGT BlackRock Fltng RT Inc. TR 0.10% 19,830 $213K New
NBIS Nebius Group NV 0.10% 2,000 $208K New
VFH Vanguard Financials ETF 0.10% 1,712 $207K New
WFC Wells Fargo & Co. 0.10% 2,557 $204K No change
XSSPX Nuveen S&P 500 Dynam Overwr 0.10% 12,605 $203K New
SHEL Shell PLC-ADR 0.10% 2,177 $202K New
QQQI Neos Nasdaq-100 High Inc. ETF 0.10% 4,069 $202K No change
ROAD Construction Partners Inc. Class A 0.10% 1,800 $200K New
XAODX Abrdn Total Dynamic Dividend 0.09% 20,050 $185K Add +53.6%
XETYX Eaton Vance Tax-MGD Div Eqty 0.09% 13,266 $183K Add +17.8%
HQL Abrdn Life Sciences Investor 0.09% 11,217 $183K Reduce -22.1%
THW Abrdn World Healthcare Fund 0.09% 15,370 $179K No change
GAB Gabelli Equity Trust 0.09% 31,350 $176K Add +28.6%
CAG Conagra Brands Inc. 0.08% 10,184 $160K No change
ETV Eaton Vance T/M Buy-Writ Opp 0.07% 11,185 $153K No change
GOF Guggenheim Strategic Opport 0.07% 12,570 $139K Add +24.8%
EVN Eaton Vance Muni Inc. TR 0.05% 10,390 $108K New
IGA Voya Global Advan & Prem Opp 0.05% 10,290 $98K New
FTOH FR Ohio Muni Inc. ETF 0.04% 10,108 $84K New
USA Liberty All Star Equity Fund 0.04% 13,064 $73K Reduce -34.7%
NPWR Net Power Inc. 0.01% 17,395 $27K No change

Portfolio Sells Q4 2025 → Q1 2026
AAPL Apple Inc. Reduce -24.3% 7.86% −3.42
PM Philip Morris International Reduce -43.6% 0.63% −0.47
GOOGL Alphabet Inc. Class A Reduce -6.0% 2.11% −0.37
MSTR Strategy Inc. Reduce -2.6% 1.01% −0.27
IWF iShares Russell 1000 Growth Reduce -0.5% 1.53% −0.20
F Ford Motor Co. Reduce -53.5% 0.13% −0.20
GOOG Alphabet Inc. Class C Reduce -1.9% 1.31% −0.17
ELV Elevance Health Inc. Sold out 0.00% −0.16
ORCL Oracle Corp. Sold out 0.00% −0.12
DIAX Nuveen Dow 30 Dynamic Overwr Sold out 0.00% −0.11
ABBV Abbvie Inc. Reduce -0.9% 1.45% −0.11
AVGO Broadcom Inc. Sold out 0.00% −0.11
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.11
SPGI S&P Global Inc. Sold out 0.00% −0.11
DOCU Docusign Inc. Sold out 0.00% −0.11
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.10
BUZZ Vaneck Social Sentiment ETF Sold out 0.00% −0.10
GM General Motors Co. Sold out 0.00% −0.10
PAYX Paychex Inc. Reduce -2.8% 0.31% −0.08
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.2% 0.72% −0.07
FTGS First Trust Grwth Strgth ETF Reduce -4.0% 0.66% −0.06
ASG Liberty All-Star Growth FD Sold out 0.00% −0.05
VMC Vulcan Materials Co. Reduce -4.2% 0.32% −0.04
HQL Abrdn Life Sciences Investor Reduce -22.1% 0.09% −0.03
MA Mastercard Inc. Class A Reduce -1.7% 0.17% −0.03
USA Liberty All Star Equity Fund Reduce -34.7% 0.04% −0.03
DIS The Walt Disney Co. Reduce -1.1% 0.11% −0.02
DHI D.R. Horton Inc. Reduce -4.7% 0.18% −0.02
QTEC First Trust Nasdq 100 Tech I Reduce -4.7% 0.15% −0.02
XLF SS Financial Select Sector Reduce -1.3% 0.12% −0.02
DAL Delta Air Lines Inc. Reduce -1.9% 0.14% −0.01
QYLD Global X Nasd 100 Cov Call Reduce -0.9% 0.14% −0.01
DGRO iShares Core Dividend Growth Reduce -0.4% 0.81% −0.01
MCK McKesson Corp. Reduce -6.0% 0.14% −0.00
IJR iShares Core S&P Small-Cap E Reduce -4.2% 0.11% −0.00
SO The Southern Co. Reduce -1.1% 0.26% +0.02
IRM Iron Mountain Inc. Reduce -2.8% 0.25% +0.04

Portfolio Buys Q4 2025 → Q1 2026
FENI Fidelity Enhanced Intl ETF New 0.82% +0.82
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.64% +0.64
CVX Chevron Corp. Add +143.8% 0.90% +0.62
HDV iShares Core High Dividend E Add +0.1% 6.60% +0.60
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.43% +0.43
FCOR Fidelity Corporate Bond ETF New 0.37% +0.37
XOM Exxon Mobil Corp. Add +7.5% 1.06% +0.35
MOAT Vaneck Morningstar Wide Moat New 0.31% +0.31
VTV Vanguard Mrngstr Val ETF-Aui New 0.31% +0.31
FVD First Trust Value Line DVD New 0.25% +0.25
CAT Caterpillar Inc. New 0.21% +0.21
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +162.8% 0.35% +0.21
GRID First TRST Nasd Class Edg Sgiif New 0.20% +0.20
MYI BlackRock Muniyield QLTY III New 0.20% +0.20
SPMO Invesco S&P 500 Momentum ETF New 0.19% +0.19
VUG Vanguard Mrngstar GR ETF-Sui New 0.18% +0.18
JNJ Johnson & Johnson Add +3.2% 0.90% +0.15
HPF John Hancock Prefer Inc. II New 0.14% +0.14
GS Goldman Sachs Group Inc. New 0.14% +0.14
LRCX Lam Research Corp. Add +84.8% 0.24% +0.13
IBM Intl Business Machines Corp. New 0.13% +0.13
RSPT Invesco S&P 500 Equal Weight Add +36.2% 0.52% +0.13
VLO Valero Energy Corp. New 0.13% +0.13
GLW Corning Inc. New 0.13% +0.13
IBIT iShares Bitcoin Trust ETF Add +47.5% 1.14% +0.13
RTX RTX Corp. New 0.12% +0.12
SMH Vaneck Semiconductor ETF New 0.12% +0.12
COP Conocophillips New 0.12% +0.12
EPD Enterprise Products Partners New 0.11% +0.11
ADI Analog Devices Inc. Add +11.1% 0.51% +0.11
AEP American Electric Power New 0.11% +0.11
DVY iShares Select Dividend ETF Add +1.7% 1.57% +0.11
LMT Lockheed Martin Corp. Add +13.2% 0.38% +0.11
GILD Gilead Sciences Inc. New 0.11% +0.11
BGT BlackRock Fltng RT Inc. TR New 0.10% +0.10
NBIS Nebius Group NV New 0.10% +0.10
VFH Vanguard Financials ETF New 0.10% +0.10
XSSPX Nuveen S&P 500 Dynam Overwr New 0.10% +0.10
SHEL Shell PLC-ADR New 0.10% +0.10
COST Costco Wholesale Corp. Add +7.2% 0.55% +0.10
ROAD Construction Partners Inc. Class A New 0.10% +0.10
PG The Procter & Gamble Co. Add +5.2% 2.28% +0.10
JEPQ JPM Nasdaq Equity Premium Add +74.0% 0.25% +0.10
MRK Merck & Co. Inc. Add +4.6% 0.53% +0.08
IYY iShares Dow Jones U.S. ETF Add +64.0% 0.16% +0.06
MO Altria Group Inc. Add +0.1% 0.49% +0.06
EVN Eaton Vance Muni Inc. TR New 0.05% +0.05
WMT Walmart Inc. Add +29.8% 0.17% +0.05
IGA Voya Global Advan & Prem Opp New 0.05% +0.05
DUK Duke Energy Corp. Add +1.0% 0.47% +0.05

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