1y return+16.0%S&P 500 +20.9%
3y return+45.3%S&P 500 +68.5%
5y return+40.3%S&P 500 +74.5%
10y return+153.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $253 against $357 in the S&P 500.2
Capstone Financial Advisors, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VTIVanguard Index Fds | $365.9M | 17.8% | +2.0% |
| IWBIshares Tr | $261.1M | 12.7% | −1.4% |
| Dimensional Etf TrustCUSIP 25434V708 | $245.9M | 12.0% | |
| NFRAFlexshares Tr | $150.7M | 7.3% | +2.0% |
| BNDVanguard Bd Index Fds | $134.5M | 6.6% | +3.4% |
| VXUSVanguard Star Fds | $98.6M | 4.8% | |
| IXUSIshares Tr | $87.0M | 4.2% | |
| DFAXDimensional Etf Trust | $75.3M | 3.7% | −1.1% |
| IWFIshares Tr | $56.8M | 2.8% | |
| BNDXVanguard Charlotte Fds | $54.5M | 2.7% | +3.0% |
| MCDMcdonalds Corp | $52.2M | 2.5% | |
| TLTDFlexshares Tr | $44.8M | 2.2% | |
| TILTFlexshares Tr | $43.7M | 2.1% | −3.2% |
| AAPLApple Inc | $40.1M | 2.0% | −2.3% |
| ITOTIshares Tr | $36.4M | 1.8% | +1.4% |
| REETIshares Tr | $23.5M | 1.1% | |
| JPMJpmorgan Chase & Co | $20.9M | 1.0% | −3.5% |
| NVDANvidia Corporation | $20.5M | 1.0% | |
| AVREAmerican Centy Etf Tr | $14.8M | 0.7% | −1.6% |
| MDYState Str Spdr S&p Midcap 40 | $10.5M | 0.5% | −1.5% |
| IWMIshares Tr | $10.4M | 0.5% | −1.2% |
| VIGVanguard Specialized Funds | $9.1M | 0.4% | −2.0% |
| AMZNAmazon Com Inc | $8.9M | 0.4% | −4.1% |
| AGGIshares Tr | $8.6M | 0.4% | +1.6% |
| VONEVanguard Scottsdale Fds | $7.7M | 0.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | March 31, 2021 | +1399.0% | $20.5M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $20.9M |
| GOOGLAlphabet Inc | March 31, 2021 | +246.5% | $3.4M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $40.1M |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $3.8M |
| IWFIshares Tr | June 30, 2020 | +158.7% | $56.8M |
| TILTFlexshares Tr | June 30, 2020 | +143.2% | $43.7M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $3.0M |
| IWBIshares Tr | June 30, 2020 | +138.5% | $261.1M |
| ITOTIshares Tr | June 30, 2020 | +136.6% | $36.4M |
Sold off last quarter
- VTVanguard Intl Equity Index F was $1.1M
- CAOSEa Series Trust was $1.0M
- FCXFreeport Mcmoran Inc was $468K
- VTESVanguard Wellington Fd was $397K
- XLESelect Sector Spdr Tr was $247K
- Honeywell Intl IncCUSIP 438516106 was $242K
- BMOPBny Mellon Etf Trust II was $242K
- COPConocophillips was $227K
- MCHIIshares Tr was $225K
- VIAVViavi Solutions Inc was $215K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.7% | +14.8% |
| March 31, 2026 | −1.6% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +6.1% | +7.8% |
| June 30, 2025 | +7.8% | +10.5% |
| March 31, 2025 | −1.5% | −4.6% |
| December 31, 2024 | −1.3% | +2.1% |
| September 30, 2024 | +6.9% | +5.4% |
| June 30, 2024 | +0.9% | +4.0% |
| March 31, 2024 | +5.5% | +10.0% |
| December 31, 2023 | +10.2% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +4.8% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +7.5% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −13.3% | −16.5% |
| March 31, 2022 | −5.0% | −4.9% |
| December 31, 2021 | +6.0% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Capstone Financial Advisors, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1599217&type=13F-HR&dateb=&owner=include&count=40CIK 1599217
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1599217/000159921726000007/Filed August 14, 2026 · accession 0001599217-26-000007