Q3 2025 · 13F-HR
Capstone Financial Advisors, Inc.holdings as filed
Filed 2025-11-14 · accession 0001599217-25-000007
$1.85B
Reported value
182
Positions
2025-09-30
Period end
The Brief · Capstone Financial Advisors, Inc. · Q3 2025
AI · grounded in 13F
Capstone Financial Advisors, Inc. established a new position in VTI valued at $310.1M. The fund also initiated new holdings in IWB for $239.2M and DFAC for $207.6M. Other new additions include NFRA at $135.5M, BND at $128.4M, and VXUS at $84.2M. Total assets under management stand at $1.8B across 182 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908769 | VTI | VANGUARD INDEX FDS | $310.1M | 16.8% | 944,996 | Common | NONE |
| 464287622 | IWB | ISHARES TR | $239.2M | 13.0% | 654,417 | Common | NONE |
| 25434V708 | DFAC | DIMENSIONAL ETF TRUST | $207.6M | 11.2% | 5,381,765 | Common | NONE |
| 33939L795 | NFRA | FLEXSHARES TR | $135.5M | 7.34% | 2,153,565 | Common | NONE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $128.4M | 6.96% | 1,725,971 | Common | NONE |
| 921909768 | VXUS | VANGUARD STAR FDS | $84.2M | 4.56% | 1,146,203 | Common | NONE |
| 46432F834 | IXUS | ISHARES TR | $75.7M | 4.10% | 916,702 | Common | NONE |
| 25434V880 | DFAX | DIMENSIONAL ETF TRUST | $65.7M | 3.56% | 2,092,625 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $61.3M | 3.32% | 201,654 | Common | NONE |
| 464287614 | IWF | ISHARES TR | $53.8M | 2.92% | 114,828 | Common | NONE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $52.9M | 2.87% | 1,068,881 | Common | NONE |
| 33939L100 | TILT | FLEXSHARES TR | $44.6M | 2.42% | 184,195 | Common | NONE |
| 33939L803 | TLTD | FLEXSHARES TR | $40.9M | 2.22% | 460,998 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $38.3M | 2.08% | 150,363 | Common | NONE |
| 464287150 | ITOT | ISHARES TR | $31.1M | 1.69% | 213,650 | Common | NONE |
| 46434V647 | REET | ISHARES TR | $21.6M | 1.17% | 844,361 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $17.5M | 0.95% | 55,627 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $14.4M | 0.78% | 77,280 | Common | NONE |
| 025072356 | AVRE | AMERICAN CENTY ETF TR | $13.5M | 0.73% | 304,321 | Common | NONE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TR | $9.1M | 0.50% | 15,340 | Common | NONE |
| 464287226 | AGG | ISHARES TR | $9.1M | 0.49% | 90,901 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $8.8M | 0.48% | 40,024 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $8.7M | 0.47% | 40,513 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $8.6M | 0.47% | 35,523 | Common | NONE |
| 922907746 | VTEB | VANGUARD MUN BD FDS | $8.3M | 0.45% | 164,973 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $8.1M | 0.44% | 15,664 | Common | NONE |
| 92206C730 | VONE | VANGUARD SCOTTSDALE FDS | $7.0M | 0.38% | 23,036 | Common | NONE |
| 464288372 | IGF | ISHARES TR | $6.8M | 0.37% | 111,329 | Common | NONE |
| 46435G672 | IAGG | ISHARES TR | $6.4M | 0.34% | 124,141 | Common | NONE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $6.0M | 0.33% | 8 | Common | NONE |
| 594972408 | MSTR | STRATEGY INC | $5.4M | 0.29% | 16,698 | Common | NONE |
| 12572Q105 | CME | CME GROUP INC | $4.9M | 0.27% | 18,105 | Common | NONE |
| 92206C664 | VTWO | VANGUARD SCOTTSDALE FDS | $4.8M | 0.26% | 49,378 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $3.8M | 0.21% | 4,145 | Common | NONE |
| 931142103 | WMT | WALMART INC | $3.3M | 0.18% | 31,578 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $3.2M | 0.17% | 12,974 | Common | NONE |
| 78463X749 | RWO | SPDR INDEX SHS FDS | $3.0M | 0.16% | 66,212 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.9M | 0.16% | 4,341 | Common | NONE |
| 747525103 | QCOM | QUALCOMM INC | $2.9M | 0.16% | 17,290 | Common | NONE |
| 12503M108 | CBOE | CBOE GLOBAL MKTS INC | $2.7M | 0.15% | 11,110 | Common | NONE |
| 25434V104 | DFAU | DIMENSIONAL ETF TRUST | $2.7M | 0.15% | 58,932 | Common | NONE |
| 895436103 | TY | TRI CONTL CORP | $2.6M | 0.14% | 75,513 | Common | NONE |
| 25434V203 | DFAI | DIMENSIONAL ETF TRUST | $2.5M | 0.13% | 67,964 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $2.1M | 0.12% | 2,903 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $2.1M | 0.11% | 4,217 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $2.0M | 0.11% | 5,416 | Common | NONE |
| 464288414 | MUB | ISHARES TR | $2.0M | 0.11% | 18,964 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.7M | 0.09% | 2,886 | Common | NONE |
| 904767704 | — | UNILEVER PLC | $1.6M | 0.09% | 26,596 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $1.5M | 0.08% | 13,351 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $1.5M | 0.08% | 5,195 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $1.4M | 0.08% | 2,358 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $1.4M | 0.07% | 4,187 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $1.3M | 0.07% | 2,801 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $1.3M | 0.07% | 2,898 | Common | NONE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $1.3M | 0.07% | 77,527 | Common | NONE |
| 237194105 | DRI | DARDEN RESTAURANTS INC | $1.3M | 0.07% | 6,626 | Common | NONE |
| 125523100 | CI | THE CIGNA GROUP | $1.2M | 0.07% | 4,186 | Common | NONE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $1.1M | 0.06% | 185,686 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $1.1M | 0.06% | 16,789 | Common | NONE |
| 370334104 | GIS | GENERAL MLS INC | $1.1M | 0.06% | 21,478 | Common | NONE |
| 011659109 | ALK | ALASKA AIR GROUP INC | $972,702 | 0.05% | 19,540 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $971,205 | 0.05% | 5,324 | Common | NONE |
| 006212104 | ADX | ADAMS DIVERSIFIED EQUITY FD | $937,982 | 0.05% | 42,062 | Common | NONE |
| G1757E113 | CMCL | CALEDONIA MNG CORP PLC | $930,561 | 0.05% | 25,699 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $902,060 | 0.05% | 4,865 | Common | NONE |
| 464287689 | IWV | ISHARES TR | $889,165 | 0.05% | 2,346 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $885,498 | 0.05% | 3,824 | Common | NONE |
| 384802104 | GWW | GRAINGER W W INC | $884,347 | 0.05% | 928 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $880,457 | 0.05% | 1,315 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $873,130 | 0.05% | 2,155 | Common | NONE |
| 316773100 | FITB | FIFTH THIRD BANCORP | $869,487 | 0.05% | 19,517 | Common | NONE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $846,151 | 0.05% | 5,022 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $836,209 | 0.05% | 18,541 | Common | NONE |
| 46641Q332 | JEPI | J P MORGAN EXCHANGE TRADED F | $829,838 | 0.04% | 14,533 | Common | NONE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $764,503 | 0.04% | 1,559 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $756,449 | 0.04% | 9,013 | Common | NONE |
| 513272104 | LW | LAMB WESTON HLDGS INC | $721,268 | 0.04% | 12,419 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $718,154 | 0.04% | 599 | Common | NONE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $706,263 | 0.04% | 2,864 | Common | NONE |
| 25434V799 | DFIC | DIMENSIONAL ETF TRUST | $680,393 | 0.04% | 20,750 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $649,006 | 0.04% | 2,157 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $648,943 | 0.04% | 19,343 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $644,077 | 0.03% | 1,939 | Common | NONE |
| 921910733 | ESGV | VANGUARD WORLD FD | $632,978 | 0.03% | 5,344 | Common | NONE |
| 354921108 | EZBC | FRANKLIN TEMPLETON DIGITAL H | $612,443 | 0.03% | 9,250 | Common | NONE |
| 808524102 | SCHB | SCHWAB STRATEGIC TR | $604,264 | 0.03% | 23,503 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $601,781 | 0.03% | 3,875 | Common | NONE |
| 46641Q654 | JMST | J P MORGAN EXCHANGE TRADED F | $592,227 | 0.03% | 11,603 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $583,426 | 0.03% | 2,396 | Common | NONE |
| 97717X511 | AGGY | WISDOMTREE TR | $574,442 | 0.03% | 12,976 | Common | NONE |
| 46654Q203 | JEPQ | J P MORGAN EXCHANGE TRADED F | $564,387 | 0.03% | 9,812 | Common | NONE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $564,297 | 0.03% | 14,399 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $562,710 | 0.03% | 1,583 | Common | NONE |
| 46434V878 | ICSH | ISHARES TR | $562,270 | 0.03% | 11,079 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $535,405 | 0.03% | 3,485 | Common | NONE |
| 92826C839 | V | VISA INC | $530,622 | 0.03% | 1,554 | Common | NONE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES INC | $520,067 | 0.03% | 65,253 | Common | NONE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $469,310 | 0.03% | 7,832 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $468,784 | 0.03% | 614 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $464,239 | 0.03% | 3,306 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $464,231 | 0.03% | 622 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $459,564 | 0.02% | 808 | Common | NONE |
| 020002101 | ALL | ALLSTATE CORP | $455,964 | 0.02% | 2,124 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $448,016 | 0.02% | 1,593 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $446,421 | 0.02% | 3,333 | Common | NONE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $445,322 | 0.02% | 16,907 | Common | NONE |
| 124411109 | BY | BYLINE BANCORP INC | $440,103 | 0.02% | 15,871 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $422,103 | 0.02% | 1,496 | Common | NONE |
| 98149E303 | GLDM | WORLD GOLD TR | $417,953 | 0.02% | 5,467 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $413,291 | 0.02% | 3,478 | Common | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $399,863 | 0.02% | 9,098 | Common | NONE |
| 446150104 | HBAN | HUNTINGTON BANCSHARES INC | $387,539 | 0.02% | 22,440 | Common | NONE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $387,390 | 0.02% | 4,846 | Common | NONE |
| 73642K106 | PTLO | PORTILLOS INC | $378,906 | 0.02% | 58,745 | Common | NONE |
| 922908744 | VTV | VANGUARD INDEX FDS | $378,062 | 0.02% | 2,027 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $369,518 | 0.02% | 5,177 | Common | NONE |
| 00206R102 | T | AT&T INC | $369,013 | 0.02% | 13,067 | Common | NONE |
| 56585A102 | MPC | MARATHON PETE CORP | $366,977 | 0.02% | 1,904 | Common | NONE |
| N14506104 | ESTC | ELASTIC N V | $364,152 | 0.02% | 4,310 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $363,407 | 0.02% | 591 | Common | NONE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $356,525 | 0.02% | 5,485 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $353,803 | 0.02% | 5,171 | Common | NONE |
| 55087P104 | LYFT | LYFT INC | $353,679 | 0.02% | 16,069 | Common | NONE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $349,730 | 0.02% | 701 | Common | NONE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $343,632 | 0.02% | 2,400 | Common | NONE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $342,412 | 0.02% | 5,732 | Common | NONE |
| 46435U713 | IFRA | ISHARES TR | $342,374 | 0.02% | 6,482 | Common | NONE |
| 097023105 | BA | BOEING CO | $338,854 | 0.02% | 1,570 | Common | NONE |
| 345370860 | F | FORD MTR CO | $330,440 | 0.02% | 27,629 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $329,890 | 0.02% | 2,039 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $320,872 | 0.02% | 2,802 | Common | NONE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $320,643 | 0.02% | 974 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $319,134 | 0.02% | 2,383 | Common | NONE |
| 143130102 | KMX | CARMAX INC | $314,090 | 0.02% | 7,000 | Common | NONE |
| 97650W108 | WTFC | WINTRUST FINL CORP | $304,480 | 0.02% | 2,299 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $302,192 | 0.02% | 1,082 | Common | NONE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $301,100 | 0.02% | 5,000 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $277,716 | 0.02% | 3,313 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $276,240 | 0.01% | 800 | Common | NONE |
| 380237107 | GDDY | GODADDY INC | $273,660 | 0.01% | 2,000 | Common | NONE |
| 78468R663 | BIL | SPDR SERIES TRUST | $272,131 | 0.01% | 2,966 | Common | NONE |
| 126408103 | CSX | CSX CORP | $270,374 | 0.01% | 7,614 | Common | NONE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $266,946 | 0.01% | 1,311 | Common | NONE |
| 92206C565 | BNDW | VANGUARD SCOTTSDALE FDS | $265,375 | 0.01% | 3,809 | Common | NONE |
| 303250104 | FICO | FAIR ISAAC CORP | $260,397 | 0.01% | 174 | Common | NONE |
| 46138E537 | PZA | INVESCO EXCH TRADED FD TR II | $259,370 | 0.01% | 11,233 | Common | NONE |
| 922908736 | VUG | VANGUARD INDEX FDS | $256,694 | 0.01% | 535 | Common | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $253,681 | 0.01% | 3,037 | Common | NONE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $248,729 | 0.01% | 1,754 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $240,762 | 0.01% | 9,449 | Common | NONE |
| 808524805 | SCHF | SCHWAB STRATEGIC TR | $239,451 | 0.01% | 10,286 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $238,547 | 0.01% | 949 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $237,727 | 0.01% | 4,608 | Common | NONE |
| 464288521 | USRT | ISHARES TR | $237,430 | 0.01% | 4,043 | Common | NONE |
| 170386106 | COFS | CHOICEONE FINL SVCS INC | $234,576 | 0.01% | 8,100 | Common | NONE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $234,135 | 0.01% | 1,518 | Common | NONE |
| 464287507 | IJH | ISHARES TR | $229,341 | 0.01% | 3,514 | Common | NONE |
| 464287721 | IYW | ISHARES TR | $226,817 | 0.01% | 1,158 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $226,725 | 0.01% | 1,556 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $225,334 | 0.01% | 1,070 | Common | NONE |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $224,921 | 0.01% | 2,870 | Common | NONE |
| 911363109 | URI | UNITED RENTALS INC | $221,777 | 0.01% | 232 | Common | NONE |
| 46428R107 | GSG | ISHARES S&P GSCI COMMODITY- | $220,512 | 0.01% | 9,600 | Common | NONE |
| 464287309 | IVW | ISHARES TR | $211,928 | 0.01% | 1,756 | Common | NONE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $209,558 | 0.01% | 2,139 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $205,588 | 0.01% | 1,477 | Common | NONE |
| 464288513 | HYG | ISHARES TR | $203,772 | 0.01% | 2,510 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $200,064 | 0.01% | 1,196 | Common | NONE |
| 40049J206 | TV | GRUPO TELEVISA S A B | $134,500 | 0.01% | 50,000 | Common | NONE |
| 02319V103 | ABEV | AMBEV SA | $111,500 | 0.01% | 50,000 | Common | NONE |
| G9451V109 | VINP | VINCI COMPASS INVESTMENTS LT | $107,500 | 0.01% | 10,000 | Common | NONE |
| 64049M209 | NEO | NEOGENOMICS INC | $77,200 | 0.00% | 10,000 | Common | NONE |
| 30260D103 | FIGS | FIGS INC | $66,900 | 0.00% | 10,000 | Common | NONE |
| 88338K103 | STKS | THE ONE GROUP HOSPITALITY IN | $59,200 | 0.00% | 20,000 | Common | NONE |
| 53946R106 | LDI | LOANDEPOT INC | $46,050 | 0.00% | 15,000 | Common | NONE |
| 05508R106 | BGS | B & G FOODS INC NEW | $44,300 | 0.00% | 10,000 | Common | NONE |
| 50101L106 | DNUT | KRISPY KREME INC | $38,700 | 0.00% | 10,000 | Common | NONE |
| 373737105 | GGB | GERDAU SA | $31,000 | 0.00% | 10,000 | Common | NONE |
| 65540B105 | NDLSUSD | NOODLES & CO | $15,890 | 0.00% | 25,000 | Common | NONE |
| G5496W102 | LNKS | LINKERS INDS LTD | $13,938 | 0.00% | 30,000 | Common | NONE |
| G6781A102 | ORIS | ORIENTAL RISE HLDGS LTD | $3,744 | 0.00% | 20,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.