Capstone Wealth Management, Inc.

Registered adviser

CIK

2112205

Location

BILLINGS, MT

Portfolio Value

Small $122,974,041

Diversification

Highly concentrated

Filing Date

Global Rank

#7,872 / 8,811 ▼ 385

Top Industry

Utilities - Regulated Electric 33.9%

3Y Alpha vs SPY

-11.9%

Period ended 4 months ago

Filed Aug 13, 2026 · 2mo

3 quarters · since Dec 2025

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 130128

Roster of Oct 1, 2026

Regulatory AUM

$354,276,732

Main clients

Individuals and high net worth (89% 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	$354,276,732	Individuals and high net worth (89%)
Apr 2025 to Mar 2026	$301,108,894	Individuals and high net worth (89%)

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 97.3% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 95.1%; sector active share 83.8% against the combined 13F book's sector weights.

Over time 3 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.

View clone backtest

Portfolio Concentration

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

Top Position

77.3%

−0.2 pts

Top 5

92.7%

−1.1 pts

Top 10

97.3%

−0.4 pts

HHI

6,067

Highly concentrated−38

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	92.7%	$114,031,844	37
Utilities	2.5%	$3,031,751	1
Consumer Cyclical	1.4%	$1,673,519	1
Financial Services	1.0%	$1,271,378	2
Industrials	0.8%	$1,042,537	1
Energy	0.8%	$987,105	2
Technology	0.6%	$721,128	3
Communication Services	0.2%	$214,779	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
DFIC	Dimensional International Core Equity 2 ETF	+6,139	218,087	$8,125,921
AVDE	Avantis International Equity ETF	+4,314	54,176	$4,832,499
DFAT	Dimensional U.S. Targeted Value ETF	+3,275	114,468	$8,001,313
DFAI	Dimensional International Core Equity Market ETF	+2,622	136,409	$5,626,871
AGG	iShares Core U.S. Aggregate Bond ETF	+2,524	27,747	$0
VUG	VANGUARD GROWTH INDEX FUND	+2,250	2,775	$239,038
AVEM	Avantis Emerging Markets Equity ETF	+1,522	25,094	$2,421,320
AVUS	Avantis U.S. Equity ETF	+1,268	21,477	$2,750,774
DFAE	Dimensional Emerging Core Equity Market ETF	+856	100,040	$4,022,608
IVV	iShares Core S&P 500 ETF	+467	8,345	$0
JCPB	JPMorgan Core Plus Bond ETF	+366	18,764	$880,782
DCOR	Dimensional ETF Trust	+316	20,831	$1,707,725
DEHP	Dimensional Emerging Markets High Profitability ETF	+288	79,009	$3,379,214
DFAR	Dimensional US Real Estate ETF	+268	17,705	$463,162
JSCP	JPMorgan Short Duration Core Plus ETF	+236	21,431	$1,010,364
DFSV	Dimensional US Small Cap Value ETF	+171	13,641	$529,134
AAPL	Apple Inc.	+42	956	$276,628
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+40	5,530	$293,698
DFSD	Dimensional Short-Duration Fixed Income ETF	+33	5,370	$256,417
FIBK	First Interstate Bancsystem Inc	+29	23,667	$912,599
DIHP	Dimensional International High Profitability ETF	+15	7,144	$243,789
NEE	Nextera Energy Inc	+8	34,542	$3,031,751
BRK-B	Berkshire Hathaway Inc	+5	717	$358,779
CVX	Chevron Corp	+4	2,562	$424,677
CAT	Caterpillar Inc	+2	979	$1,042,537
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
JPST	JPMorgan Ultra-Short Income ETF	−4,346	42,640	$2,156,304
DFUS	Dimensional U.S. Equity Market ETF	−2,159	106,355	$8,714,728
DUHP	Dimensional US High Profitability ETF	−1,871	80,157	$3,344,951
VEU	Vanguard International Equity Index Funds	−523	15,404	$1,290,085
DFAC	Dimensional U.S. Core Equity 2 ETF	−356	1,040,325	$46,148,817
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	−211	7,988	$1,020,946
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−68	122,053	$4,496,432
VB	Vanguard Index Funds	−59	2,238	$678,382
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
NUAI	New ERA Energy & Digital, Inc.	35,000	$223,300
MSFT	Microsoft Corp	593	$221,200
GOOGL	Alphabet Inc.	601	$214,779
—		960	$212,352
HELO	JPMorgan Hedged Equity Laddered Overlay ETF	3,000	$202,740
IJK	iShares S&P Mid-Cap 400 Growth ETF	1,840	$0
IWO	iShares Russell 2000 Growth ETF	553	$0
ITOT	iShares Core S&P Total U.S. Stock Market ETF	1,228	$0
IDEV	iShares Core MSCI International Developed Markets ETF	2,374	$0
IJH	iShares Core S&P Mid-Cap ETF	2,795	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

48 tracked positions · $122,974,041 total · filing declares 48 positions · $133,235,240 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	1,040,325	-356	$46,148,817	+14.1%	3	before history	37.53%
DFUS	Dimensional U.S. Equity Market ETF	Reduced	106,355	-2,159	$8,714,728	+13.3%	3	before history	7.09%
DFIC	Dimensional International Core Equity 2 ETF	Added	218,087	+6,139	$8,125,921	+7.9%	3	before history	6.61%
DFAT	Dimensional U.S. Targeted Value ETF	Added	114,468	+3,275	$8,001,313	+15.2%	3	before history	6.51%
DFAI	Dimensional International Core Equity Market ETF	Added	136,409	+2,622	$5,626,871	+8.0%	3	before history	4.58%
AVDE	Avantis International Equity ETF	Added	54,176	+4,314	$4,832,499	+14.2%	3	before history	3.93%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	122,053	-68	$4,496,432	+8.4%	3	before history	3.66%
DFAE	Dimensional Emerging Core Equity Market ETF	Added	100,040	+856	$4,022,608	+19.8%	3	before history	3.27%
DEHP	Dimensional Emerging Markets High Profitability ETF	Added	79,009	+288	$3,379,214	+27.0%	3	before history	2.75%
DUHP	Dimensional US High Profitability ETF	Reduced	80,157	-1,871	$3,344,951	+10.9%	3	before history	2.72%
NEE	Nextera Energy Inc Utilities	Added	34,542	+8	$3,031,751	−5.5%	3	before history	2.47%
AVUS	Avantis U.S. Equity ETF	Added	21,477	+1,268	$2,750,774	+22.4%	3	before history	2.24%
AVEM	Avantis Emerging Markets Equity ETF	Added	25,094	+1,522	$2,421,320	+27.5%	3	before history	1.97%
JPST	JPMorgan Ultra-Short Income ETF	Reduced	42,640	-4,346	$2,156,304	−9.3%	3	before history	1.75%
DCOR	Dimensional ETF Trust	Added	20,831	+316	$1,707,725	+15.5%	3	before history	1.39%
LOW	Lowes Companies Inc Consumer Cyclical	Held	7,590	0	$1,673,519	−6.7%	3	before history	1.36%
VEU	Vanguard International Equity Index Funds	Reduced	15,404	-523	$1,290,085	+7.9%	3	before history	1.05%
CAT	Caterpillar Inc Industrials	Added	979	+2	$1,042,537	+50.6%	3	before history	0.85%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Reduced	7,988	-211	$1,020,946	+13.5%	3	before history	0.83%
JSCP	JPMorgan Short Duration Core Plus ETF	Added	21,431	+236	$1,010,364	+0.8%	3	before history	0.82%
FIBK	First Interstate Bancsystem Inc Financial Services	Added	23,667	+29	$912,599	+15.6%	3	before history	0.74%
JCPB	JPMorgan Core Plus Bond ETF	Added	18,764	+366	$880,782	+1.7%	3	before history	0.72%
VB	Vanguard Index Funds	Reduced	2,238	-59	$678,382	+12.8%	3	before history	0.55%
EPD	Enterprise Products Partners L.P. Energy	Held	15,300	0	$562,428	−2.9%	3	before history	0.46%
DFSV	Dimensional US Small Cap Value ETF	Added	13,641	+171	$529,134	+12.1%	3	before history	0.43%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	994	0	$519,255	+12.8%	3	before history	0.42%
DFAR	Dimensional US Real Estate ETF	Added	17,705	+268	$463,162	+12.3%	3	before history	0.38%
VOO	VANGUARD 500 INDEX FUND	Held	673	0	$462,223	—	3	before history	0.38%
CVX	Chevron Corp Energy	Added	2,562	+4	$424,677	−19.8%	3	before history	0.35%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	717	+5	$358,779	+5.2%	3	before history	0.29%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Added	5,530	+40	$293,698	−12.7%	3	before history	0.24%
AAPL	Apple Inc. Technology	Added	956	+42	$276,628	+19.3%	3	before history	0.22%
DFSD	Dimensional Short-Duration Fixed Income ETF	Added	5,370	+33	$256,417	+0.3%	3	before history	0.21%
DIHP	Dimensional International High Profitability ETF	Added	7,144	+15	$243,789	+6.1%	3	before history	0.20%
VUG	VANGUARD GROWTH INDEX FUND	Added	2,775	+2,250	$239,038	—	3	before history	0.19%
NUAI	New ERA Energy & Digital, Inc. Technology	NEW	35,000	NEW	$223,300	NEW	1	$4.85	0.18%
MSFT	Microsoft Corp Technology	NEW	593	NEW	$221,200	NEW	1	$404.60	0.18%
GOOGL	Alphabet Inc. Communication Services	NEW	601	NEW	$214,779	NEW	1	$359.97	0.17%
		NEW	960	NEW	$212,352	NEW	1	$209.33	0.17%
HELO	JPMorgan Hedged Equity Laddered Overlay ETF	NEW	3,000	NEW	$202,740	NEW	1	$67.16	0.16%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	27,747	+2,524	$0	—	3	before history	0.00%
DVY	iShares Select Dividend ETF	Held	3,010	0	$0	—	3	before history	0.00%
IDEV	iShares Core MSCI International Developed Markets ETF	NEW	2,374	NEW	$0	NEW	1	unpriced	0.00%
IJH	iShares Core S&P Mid-Cap ETF	NEW	2,795	NEW	$0	NEW	1	unpriced	0.00%
IJK	iShares S&P Mid-Cap 400 Growth ETF	NEW	1,840	NEW	$0	NEW	1	unpriced	0.00%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	NEW	1,228	NEW	$0	NEW	1	unpriced	0.00%
IVV	iShares Core S&P 500 ETF	Added	8,345	+467	$0	—	3	before history	0.00%
IWO	iShares Russell 2000 Growth ETF	NEW	553	NEW	$0	NEW	1	unpriced	0.00%

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.