Capstone Financial Advisors, Inc.

Registered adviser

CIK

1599217

Location

DOWNERS GROVE, IL

Portfolio Value

Mid $1,549,551,514

Diversification

Diversified

Filing Date

Global Rank

#1,837 / 8,811 ▲ 135

Top Industry

Restaurants 22.8%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 109341

Roster of Oct 1, 2026

Regulatory AUM

$2,868,074,312

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$2,868,074,312	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$2,441,937,272	Individuals and high net worth (99%)
Apr 2024 to Mar 2025	$2,116,697,964	Individuals and high net worth (99%)
May 2023 to Mar 2024	$1,824,854,507	Individuals and high net worth (100%)
Apr 2023	$1,824,854,507	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$2,098,963,697	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 87.6% of the book (60%+)

Turnover

Low turnover

4.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.4 quarters (12+), a floor since 60.7% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 84.6%; sector active share 74.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

191 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

23.7%

−2.9 pts

Top 5

75.4%

+2.3 pts

Top 10

87.6%

+1.7 pts

HHI

1,405

Diversified−27

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	83.8%	$1,297,898,667	68
Technology	6.0%	$93,683,817	32
Consumer Cyclical	4.5%	$69,267,491	15
Financial Services	2.8%	$44,042,742	22
Consumer Defensive	0.8%	$12,218,243	11
Industrials	0.8%	$11,902,604	15
Communication Services	0.6%	$8,882,093	9
Healthcare	0.5%	$7,651,705	11
Energy	0.2%	$3,175,500	4
Utilities	0.0%	$498,951	2
Real Estate	0.0%	$214,701	1
Basic Materials	0.0%	$115,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IWF	iShares Russell 1000 Growth ETF	+342,681	457,245	$0
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+60,772	1,832,708	$134,539,094
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	+46,140	2,350,358	$150,704,954
BNDX	Vanguard Total International Bond ETF	+32,268	1,124,674	$54,467,961
PTLO	Portillo's Inc.	+20,000	78,745	$373,251
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+19,425	988,799	$365,895,181
JMST	JPMorgan Ultra-Short Municipal Income ETF	+13,739	24,448	$1,246,848
DFIC	Dimensional International Core Equity 2 ETF	+10,917	31,667	$1,179,912
SLQT	SelectQuote, Inc.	+10,000	35,000	$29,435
DFAU	Dimensional US Core Equity Market ETF	+8,371	67,306	$3,479,047
IXUS	iShares Core MSCI Total International Stock ETF	+5,006	911,328	$0
LW	Lamb Weston Holdings, Inc.	+5,000	18,389	$794,037
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	+4,783	17,935	$1,102,285
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+4,390	5,012	$599,034
VXUS	Vanguard Total International Stock ETF	+3,772	1,153,621	$98,623,059
VUG	VANGUARD GROWTH INDEX FUND	+3,180	3,715	$320,010
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+3,114	221,301	$0
SCHF	Schwab International Equity ETF	+2,259	11,838	$327,912
IAGG	iShares Core International Aggregate Bond ETF	+1,460	126,254	$0
ALK	Alaska Air Group, Inc.	+1,339	30,206	$1,576,753
AGG	iShares Core U.S. Aggregate Bond ETF	+1,333	87,126	$0
AMD	Advanced Micro Devices Inc	+1,317	3,764	$2,186,545
KO	Coca Cola Co	+1,275	18,361	$1,492,198
REET	iShares Global REIT ETF	+1,040	851,372	$0
LRCX	Lam Research Corp	+737	5,710	$2,474,314
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−36,464	129,470	$6,548,592
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−22,270	2,043,404	$75,279,003
IWB	iShares Russell 1000 ETF	−8,825	637,495	$0
MSTR	Strategy Inc	−7,117	6,107	$530,881
T	At&T Inc.	−5,931	16,091	$333,083
CMG	Chipotle Mexican Grill Inc	−5,501	7,182	$244,188
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	−5,246	158,287	$43,698,292
AVRE	Avantis Real Estate ETF	−5,070	311,435	$14,755,790
AAPL	Apple Inc.	−3,305	138,711	$40,137,414
RWO	State Street(R) SPDR(R) Dow Jones(R) Global Real Estate ETF	−3,078	63,134	$3,138,391
DFAC	Dimensional U.S. Core Equity 2 ETF	−2,999	5,543,948	$245,929,533
DFAI	Dimensional International Core Equity Market ETF	−2,634	63,544	$2,621,190
JPM	Jpmorgan Chase & Co	−2,278	63,735	$20,862,377
HELE	Helen Of Troy Ltd	−2,000	8,000	$232,560
AMZN	Amazon Com Inc	−1,587	37,326	$8,896,278
VOO	VANGUARD 500 INDEX FUND	−1,584	1,473	$1,011,671
VEA	Vanguard FTSE Developed Markets ETF	−1,502	5,543	$394,938
BMY	Bristol Myers Squibb Co	−1,250	11,182	$644,306
MCD	Mcdonalds Corp	−1,231	193,183	$52,219,296
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund	−1,030	457,172	$44,839,429
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−882	1,168	$557,801
VIG	Vanguard Specialized Funds	−799	38,484	$9,106,084
ICSH	iShares Ultra Short Duration Bond Active ETF	−756	6,093	$308,183
MUB	iShares National Muni Bond ETF	−727	15,448	$0
TSLA	Tesla, Inc.	−691	1,816	$763,809
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
SBUX	Starbucks Corp	29,174	$2,981,291
KLAC	Kla Corp	2,476	$747,033
SPCX	Space Exploration Technologies Corp	2,841	$485,413
PANW	Palo Alto Networks Inc	1,259	$429,344
SNDK	Sandisk Corp	175	$397,902
SMH	VanEck Semiconductor ETF	476	$312,203
ARM	Arm Holdings PLC /Uk	870	$308,475
URI	United Rentals, Inc.	244	$276,425
ALAB	Astera Labs, Inc.	568	$274,355
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	1,439	$266,545
RTX	RTX Corp	1,370	$259,930
ADBE	Adobe Inc.	1,169	$239,668
IVT	InvenTrust Properties Corp.	6,065	$214,701
VRTX	Vertex Pharmaceuticals Inc / Ma	432	$214,587
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	3,555	$212,197
FICO	Fair Isaac Corp	174	$207,891
ANET	Arista Networks, Inc.	1,218	$206,913
VRT	Vertiv Holdings Co	616	$206,249
KOPN	Kopin Corp	10,012	$44,853
GPUS	Hyperscale Data, Inc.	20,000	$2,913
IEFA	iShares Core MSCI EAFE ETF	2,216	$0
IVW	iShares S&P 500 Growth ETF	1,719	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	8,310	$1,149,439
CAOS	Alpha Architect Tail Risk ETF	11,093	$1,006,800
FCX	Freeport-Mcmoran Inc	7,958	$467,771
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	3,921	$396,569
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	4,030	$246,877
BMOP		9,823	$241,940
HON	Honeywell International Inc	1,070	$241,852
COP	Conocophillips	1,719	$226,908
VIAV	Viavi Solutions Inc.	6,457	$214,888
FBTC	Fidelity Wise Origin Bitcoin Fund	3,572	$210,855
CLW	Clearwater Paper Corp	10,000	$143,800
NEO	Neogenomics Inc	10,000	$74,200
DNUT	Krispy Kreme, Inc.	10,000	$33,900
BYND	Beyond Meat, Inc.	10,119	$7,103
—		10,000	$0
MCHI	iShares MSCI China ETF	4,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

191 tracked positions · $1,549,551,514 total · filing declares 192 positions · $2,052,762,844 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 191 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	988,799	+19,425	$365,895,181	—	26+	before history	23.61%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	5,543,948	-2,999	$245,929,533	+14.1%	21	unpriced	15.87%
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	Added	2,350,358	+46,140	$150,704,954	+2.3%	21	$54.89	9.73%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	1,832,708	+60,772	$134,539,094	+3.1%	26+	before history	8.68%
VXUS	Vanguard Total International Stock ETF	Added	1,153,621	+3,772	$98,623,059	+11.2%	26+	before history	6.36%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	2,043,404	-22,270	$75,279,003	+7.3%	20	unpriced	4.86%
BNDX	Vanguard Total International Bond ETF	Added	1,124,674	+32,268	$54,467,961	+3.8%	26+	before history	3.52%
MCD	Mcdonalds Corp PUT + SHARES Consumer Cyclical	Reduced	194,383	-1,231	$52,543,668	−13.6%	26+	before history	3.39%
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund	Reduced	457,172	-1,030	$44,839,429	+4.1%	26+	before history	2.89%
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	Reduced	158,287	-5,246	$43,698,292	+10.7%	26+	before history	2.82%
AAPL	Apple Inc. Technology	Reduced	138,711	-3,305	$40,137,414	+11.4%	26+	before history	2.59%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	63,735	-2,278	$20,862,377	+7.4%	26+	before history	1.35%
NVDA	Nvidia Corp Technology	Added	102,613	+642	$20,531,835	+15.5%	22	unpriced	1.33%
AVRE	Avantis Real Estate ETF	Reduced	311,435	-5,070	$14,755,790	+5.9%	11	$41.78	0.95%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	14,956	-222	$10,519,153	+12.4%	26+	before history	0.68%
VIG	Vanguard Specialized Funds	Reduced	38,484	-799	$9,106,084	+7.8%	26+	before history	0.59%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	37,326	-1,587	$8,896,278	+9.8%	26+	before history	0.57%
VONE	VANGUARD RUSSELL 1000 INDEX FUND	Reduced	22,634	-36	$7,666,588	+14.6%	17	$198.30	0.49%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	129,470	-36,464	$6,548,592	−20.9%	26+	before history	0.42%
MSFT	Microsoft Corp Technology	Added	16,590	+381	$6,188,401	+3.1%	26+	before history	0.40%
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	Reduced	48,931	-244	$5,941,202	+20.6%	21	unpriced	0.38%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	7	0	$5,241,950	+4.3%	6	$729,330.80	0.34%
CME	Cme Group Inc. Financial Services	Added	18,134	+17	$4,004,531	−25.2%	26+	before history	0.26%
MU	Micron Technology Inc Technology	Reduced	3,287	-211	$3,794,151	+221.1%	4	$262.57	0.24%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	4,029	+16	$3,769,008	−5.7%	26+	before history	0.24%
DFAU	Dimensional US Core Equity Market ETF	Added	67,306	+8,371	$3,479,047	+30.8%	15	$34.72	0.22%
GOOGL	Alphabet Inc. Communication Services	Added	9,595	+17	$3,428,965	+24.5%	22	unpriced	0.22%
QCOM	Qualcomm Inc/De Technology	Added	17,039	+2	$3,148,636	+43.5%	26+	before history	0.20%
RWO	State Street(R) SPDR(R) Dow Jones(R) Global Real Estate ETF	Reduced	63,134	-3,078	$3,138,391	+3.6%	26+	before history	0.20%
SPY	Spdr S&P 500 ETF Trust	Reduced	4,079	-44	$3,046,074	+13.6%	26+	before history	0.20%
SBUX	Starbucks Corp Consumer Cyclical	NEW	29,174	NEW	$2,981,291	NEW	1	$100.71	0.19%
CAT	Caterpillar Inc Industrials	Added	2,693	+30	$2,867,775	+52.0%	26+	before history	0.19%
CBOE	Cboe Global Markets, Inc. Financial Services	Added	11,425	+325	$2,772,504	−11.1%	26+	before history	0.18%
DFAI	Dimensional International Core Equity Market ETF	Reduced	63,544	-2,634	$2,621,190	+1.7%	18	$31.29	0.17%
TY	TRI-CONTINENTAL Corp Financial Services	Held	75,513	0	$2,599,157	+9.0%	21	$33.88	0.17%
QQQ	Invesco Qqq Trust, Series 1	Added	3,389	+34	$2,495,659	+28.9%	25	$470.72	0.16%
LRCX	Lam Research Corp Technology	Added	5,710	+737	$2,474,314	+132.9%	9	$186.12	0.16%
ETN	Eaton Corp plc Industrials	Added	5,470	+22	$2,330,876	+19.6%	23	$146.37	0.15%
AMD	Advanced Micro Devices Inc Technology	Added	3,764	+1,317	$2,186,545	+339.2%	4	$255.36	0.14%
AMAT	Applied Materials Inc /De Technology	Added	2,804	+369	$2,027,292	+143.6%	2	$352.83	0.13%
WMT	Walmart Inc. Consumer Defensive	Added	17,435	+195	$1,974,688	−7.8%	7	$87.19	0.13%
META	Meta Platforms, Inc. Communication Services	Added	3,345	+318	$1,884,205	+8.8%	15	$420.56	0.12%
INTC	Intel Corp Technology	Reduced	13,458	-670	$1,879,140	+201.4%	26+	before history	0.12%
XOM	ExxonMobil Holdings Corp Energy	Added	13,375	+124	$1,828,630	−18.7%	26+	before history	0.12%
ALK	Alaska Air Group, Inc. Industrials	Added	30,206	+1,339	$1,576,753	+48.5%	25	$48.57	0.10%
KO	Coca Cola Co Consumer Defensive	Added	18,361	+1,275	$1,492,198	+14.8%	26+	before history	0.10%
IBM	International Business Machines Corp Technology	Added	5,283	+31	$1,485,632	+16.7%	26+	before history	0.10%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,953	+16	$1,477,651	+5.0%	26+	before history	0.10%
UL	Unilever PLC Consumer Defensive	Reduced	23,571	-69	$1,417,088	+5.2%	23	unpriced	0.09%
LUMN	Lumen Technologies, Inc. Communication Services	Held	180,286	0	$1,384,596	+10.5%	22	$5.45	0.09%

Showing the top 50 of 191 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.